The total return on the Fund’s net asset value for the year was 44.9%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 65.7% and -12.3%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (74%) and the S&P 500 Materials Sector (26%), returned 45.4%. The total return on the Fund’s market price for the same period was 42.2%.
The Fund paid
The 2022 Annual Report is expected to be released on or about
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/22)
1 Year | 3 Year | 5 Year | |
44.9% | 18.5% | 9.1% | |
42.2% | 17.1% | 8.8% | |
S&P 500 Energy Sector | 65.7% | 19.3% | 9.3% |
S&P 500 Materials Sector | -12.3% | 10.5% | 7.5% |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at the end of 2022, compared with the year earlier, was:
Net assets | ||
Shares outstanding | 25,193,556 | 24,484,588 |
Net asset value per share |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/22)
% of Net Assets | |
Exxon Mobil Corporation | 22.8% |
Chevron Corporation | 14.8% |
ConocoPhillips | 8.4% |
Marathon Petroleum Corporation | 3.9% |
3.5% | |
Pioneer Natural Resources Company | 3.3% |
Occidental Petroleum Corporation | 3.2% |
Linde plc | 3.1% |
Phillips 66 | 3.0% |
EOG Resources, Inc. | 2.9% |
Total | 68.9% |
SECTOR WEIGHTINGS (12/31/22)
% of Net Assets | |
Energy | |
37.6% | |
Exploration & Production | 26.8% |
Refining & Marketing | 8.6% |
Equipment & Services | 6.2% |
Storage & Transportation | 3.7% |
Materials | |
Chemicals | 10.0% |
Metals & Mining | 3.0% |
Construction Materials | 2.4% |
1.1% |
About Adams Funds
Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds,
For further information please contact: adamsfunds.com/about/contact 800.638.2479
Source:
2023 GlobeNewswire, Inc., source