At A Glance and Top Ten Holdings

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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 (6/30/15)

NYSE Symbol PEO
Market Price $22.33
52-Week Range $21.50-$31.62
NAV per Share $26.35
Discount 15.3%
Shares Outstanding 27,393,658

  

Summary Financial Information

2015

2014

At June 30:    
Net asset value per share

$26.35

$36.62

Total net assets

$721,818,409

$976,456,224

Unrealized appreciation

$264,007,536

$488,979,562

     
For the six months ended June 30:    
Net investment income

$3,671,618

$6,546,009

Net realized (loss) gain

$(15,130,724)

$28,436,901

Cost of shares repurchased

$--

$3,562,559

Shares repurchased

--

125,200

Total return on market price

(5.6)%

14.7%

Total return on net asset value

(3.6)%

14.3%

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

1.36%*

1.47%

Expenses to average net assets (annualized)

1.20%*

0.62%

Portfolio turnover (annualized)

12.6%

20.7%

Net cash & short-term investments to net assets

1.2%

0.9%

* Ratio of expenses to average net assets was 0.83%, excluding the one-time charge of $2,762,816 related to the termination of the defined benefit plans and the ratio of net investment income to average net assets was 1.73%. 

 

Ten Largest Equity Portfolio Holdings (6/30/15)

 

Market Value

% of Net Assets

Exxon Mobil Corp.

$113,021,376

15.7%

Chevron Corp.

71,696,504

9.9

Schlumberger Ltd.

53,954,940

7.5

Phillips 66

34,743,514

4.8

Occidental Petroleum Corp.

31,496,850

4.4

EOG Resources, Inc.

31,342,900

4.3

LyondellBasell Industries N.V. (Class A)

29,523,904

4.1

CF Industries Holdings, Inc.

25,862,736

3.6

Dow Chemical Co.

25,201,225

3.5

Anadarko Petroleum Corp.

21,466,500

3.0

Total

$438,310,449

60.8%

 

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: $22.59
Closing Price: $19.44
Discount: -13.9%

This is the closing price from the NYSE on 08/27/2015

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%.