Adams Natural Resources Fund Announces 2025 Performance

Core Viewpoint - Adams Natural Resources Fund, Inc. reported a total return of 9.4% on its net asset value for 2025, outperforming its benchmark and the S&P 500 Energy and Materials sectors [1][2]. Fund Performance - The Fund's total return on market price for 2025 was 9.9% [1]. - The annual distribution rate was 8.4% of net asset value, with $2.05 per share paid in income dividends and realized capital gain distributions [2]. Comparative Returns - The Fund's annualized returns as of December 31, 2025, were: - 1 Year: 9.4% (NAV), 9.9% (market price) - 3 Year: 5.7% (NAV), 8.1% (market price) - 5 Year: 20.4% (NAV), 22.5% (market price) - 10 Year: 8.7% (NAV), 9.3% (market price) - The S&P 500 Energy Sector and Materials Sector returns for the same periods were also provided for comparison [3]. Net Asset Value - The Fund's net assets increased to $662.4 million at the end of 2025 from $636.3 million in 2024 [5]. - The number of shares outstanding rose to 27.5 million from 26.3 million, while the net asset value per share slightly decreased to $24.09 from $24.21 [5]. Equity Portfolio Holdings - The top ten equity holdings as of December 31, 2025, accounted for 64.1% of net assets, with Exxon Mobil Corporation being the largest at 23.9% [6]. Industry Weightings - The Fund's industry weightings included: - Integrated Oil & Gas: 40.1% - Exploration & Production: 15.4% - Storage & Transportation: 10.6% - Refining & Marketing: 7.5% - Chemicals: 9.6% - Metals & Mining: 5.5% [8].