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Adams Natural Resources Fund Announces 2017 Performance

BALTIMORE, Jan. 18, 2018 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (PEO) announces the Fund's investment returns for 2017.  The total return on the Fund's net asset value for the year was 3.0%, with dividends and capital gains reinvested. The comparable figures for the Lipper Global Natural Resources Funds Average, the Dow Jones U.S. Oil & Gas Index, and the Dow Jones U.S. Basic Materials Index were 8.1%, -1.6%, and 25.1%, respectively.  The total return on the Fund's market price for the same period was 4.6%.

Adams Funds (PRNewsFoto/Adams Funds)

The Fund paid $1.18 per share in income dividends and realized capital gain distributions to shareholders in 2017, producing an annual distribution rate of 6.1%, exceeding the Fund's annual 6% minimum distribution rate commitment. Details regarding the annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.

The 2017 Annual Report is expected to be released on or about February 26, 2018.

ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/17)


1 Year

3 Year

5 Year

Adams Natural Resources Fund (NAV)

3.0%

0.6%

3.1%

Adams Natural Resources Fund (market price)

4.6%

0.2%

3.0%

Lipper Global Natural Resources Funds Average

8.1%

0.6%

0.4%

DJ U.S. Oil & Gas Index

-1.6%

-1.0%

2.1%

DJ U.S. Basic Materials Index

25.1%

9.6%

10.4%

NET ASSET VALUE ANNOUNCED

The Fund's net asset value at the end of 2017, compared with the year earlier, was:


12/31/17

12/31/16

Net assets

$674,388,286

$685,882,029

Shares outstanding

28,999,196

28,555,305

Net asset value per share

$23.26

$24.02

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/17)


% of Net Assets

Exxon Mobil Corporation

19.1%

Chevron Corporation

10.1%

DowDuPont Inc.

6.0%

Schlumberger NV

5.3%

ConocoPhillips

4.5%

Halliburton Company

3.4%

Valero Energy Corporation

3.2%

EOG Resources, Inc.

2.9%

Occidental Petroleum Corporation

2.8%

Phillips 66

2.6%

     Total

59.9%

SECTOR WEIGHTINGS (12/31/17)


% of Net Assets

Energy


Integrated Oil & Gas

29.3%

Exploration & Production

25.8%

Oil Equipment & Services

11.7%

Refiners

7.8%

Pipelines

4.6%



Basic Materials


Chemicals

15.9%

Industrial Metals

2.4%

General Industrials

0.9%

Gold & Precious Metals

0.6%

During the fourth quarter, we initiated new positions in Devon Energy, Hess, and Newfield Exploration.

About Adams Funds
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
walther@adamsfunds.com

500 East Pratt Street, Suite 1300, Baltimore, MD 21202 │ 410.752.5900 │ 800.638.2479 │ adamsfunds.com 

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