-- PEO benefited from its diversification and was down 3.3% during the period
-- Holdings in Basic Materials provided an offset to Energy declines
BALTIMORE, Oct. 12, 2017 /PRNewswire/ --
PERFORMANCE
Adams Natural Resources Fund, Inc. (PEO) today announced the Fund's results for the nine months ended September 30th. The total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was -3.3%. Comparable figures for the Dow Jones U.S. Oil & Gas Index and the Dow Jones U.S. Basic Materials Index were -7.6% and 16.9%, respectively. The total return on the market price of the Fund's shares for the period was -1.0%.
For the twelve months ended September 30th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 3.7%. Comparable figures for the Dow Jones U.S. Oil & Gas Index and the Dow Jones U.S. Basic Materials Index were -1.0% and 23.8%, respectively. The total return on the market price of the Fund's shares for the period was 4.2%.
"The Fund was down 3.3% for the first nine months of 2017, which compares to a 7.6% decline in the Dow Jones U.S. Oil and Gas Index. The outperformance was mainly a result of the Fund's diversification and exposure to the Materials sector," said Mark Stoeckle, CEO of Adams Funds.
NET ASSET VALUE
| 9/30/2017 | 9/30/2016 |
| Net assets | $652,532,456 | $654,966,712 |
| Shares outstanding | 28,550,279 | 28,092,075 |
| Net asset value per share | $22.86 | $23.31 |
The Third Quarter Report to Shareholders is expected to be released on or about October 20, 2017.
Since 1929, Adams Funds have consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (ADX) and Adams Natural Resources Fund, Inc. (PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 80 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% or more, providing reliable income to long-term investors. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: www.adamsfunds.com.
Contact:
Lyn Walther
Director of Shareholder Communications
800.638.2479 │ walther@adamsfunds.com
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