At A Glance and Top Ten Holdings

Overview

Adams Natural Resources Fund (NYSE:PEO) is a publicly-traded equity fund for investors who seek a broadly-diversified exposure to the energy and natural resources sector in a conservatively-managed fund.  The Fund has traded on the New York Stock Exchange since January 1929.

The portfolio is managed with a careful attention to risk management with an eye towards protecting your original investment and generating dividends and capital gains that can be used as a source of income or reinvested to increase your holdings in the Fund.

The Fund has committed to distribute annually to shareholders at least 6% of the Fund’s trailing 12-month average month-end market price. This means Adams Natural Resources Fund shareholders can count on receiving distributions at a 6% annual distribution rate, or more, for the foreseeable future in both up and down markets.  Adams Natural Resources Fund has paid dividends every year for over 80 years. For more information, please click on annual minimum 6% distribution rate.

The Fund

  • A closed-end equity fund specializing in energy and natural resources stocks
  • Internally-managed
  • Annual distribution rate of at least 6%

  
Stock Data (3/31/15)

NYSE Symbol PEO
Market Price $23.15
52-Week Range $21.78-$31.54
NAV per Share $26.68
Discount 13.2%
Shares Outstanding 27,392,919

  

Summary Financial Information

2015

2014

At March 31:    
Net asset value per share

$26.68

$32.91

Total net assets

$730,854,522

$879,687,463

Unrealized appreciation on investments

$262,953,326

$398,697,899

     
For the three months ended March 31:    
Net investment income

$3,249,069

$3,032,158

Net realized (loss) gain

$(5,845,156)

$20,826,975

Cost of shares repurchased

$--

$1,454,325

Shares repurchased

--

53,800

Total return on market price

(2.5)%

2.4%

Total return on net asset value

(2.8)%

2.4%

     
Key ratios:    
Net investment income to average net assets (annualized)

1.76%

1.42%

Expenses to average net assets (annualized)

0.86%

0.68%

Portfolio turnover (annualized)

13.3%

27.9%

Net cash & short-term investments to net assets

0.6%

0.6%

 

Ten Largest Equity Portfolio Holdings (3/31/15)

 

Market Value

% of Net Assets

Exxon Mobil Corp.

$115,466,550

15.8%

Chevron Corp.

78,021,136

10.7

Schlumberger Ltd.

52,233,440

7.1

Phillips 66

33,898,215

4.6

EOG Resources, Inc.

32,825,020

4.5

LyondellBasell Industries N.V. (Class A)

30,308,560

4.1

Occidental Petroleum Corp.

29,565,000

4.0

Dow Chemical Co.

23,630,150

3.2

CF Industries Holdings, Inc.

22,827,446

3.1

Anadarko Petroleum Corp.

22,772,750

3.1

Total

$441,548,267

60.2%

Five Year Distribution History

Income
Dividends
per Share
Short-Term
Capital Gains
per Share
Long-Term
Capital Gains
per Share
Total
Distributions
per Share
Annual
Distribution
Rate
*
2010

$0.32

$0.19

$0.76

$1.27

5.5%

2011

0.39

0.02

1.56 

1.97

7.1%

2012

0.42

0.01

1.17

1.60

6.4%

2013

0.46

0.11

1.31

1.88

7.2%

2014

0.51 

0.12

1.26

1.89

6.6%

* The annual distribution rate is the total dividends and capital gain distributions per share divided by the average month-end market price of the Fund's Common Stock.  For the years prior to 2012, the average month-end market price is determined for the calendar year.  For 2012 and later, the average month-end market price is determined for the twelve months ended October 31, which is consistent with the calculation used for the annual 6% minimum distribution rate commitment adopted in September 2012. 

At A Glance and Top Ten Holdings

Stock and Distribution

Nav & Stock Price PER SHARE
Net Asset Value:

$28.28

Closing Price:

$24.71  

Discount: -12.6%

This is the closing price from the NYSE on 04/24/2015

annual DISTRIBUTION Rate
2014 6.6%

*The annual distribution rate is the total dividends and capital gain distributions divided by the average month-end market price of the Fund's Common Stock for the twelve months ended October 31.

As of September 13, 2012, the Fund committed to an annual distribution rate of at least 6%.