Adams Natural Resources Fund Announces 2020 Performance
January 21, 2021 at 16:14 PM EST
BALTIMORE, Jan. 21, 2021 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund's investment returns for 2020. "The Energy market was exceptionally challenging in 2020. Our Fund benefited from its exposure to the Materials sector, offsetting some of the weakness in Energy," said Mark Stoeckle, CEO of Adams Funds.
The total return on the Fund's net asset value for the year was -22.2%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were -33.7% and 20.7%, respectively. The total return on the Fund's market price for the same period was -26.6%.
The Fund paid $0.73 per share in income dividends and realized capital gain distributions to shareholders in 2020, producing an annual distribution rate of 6.1%, exceeding the Fund's annual 6.0% minimum distribution rate commitment. Details regarding the annual 6.0% minimum distribution rate commitment can be found at adamsfunds.com.
The 2020 Annual Report is expected to be released on or about February 23, 2021.
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/20)
NET ASSET VALUE ANNOUNCED
The Fund's net asset value at the end of 2020, compared with the year earlier, was:
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/20)
SECTOR WEIGHTINGS (12/31/20)
About Adams Funds
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SOURCE Adams Natural Resources Fund, Inc.