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Adams Natural Resources Fund (PEO)

Specialty Equity Funds - Energy Natural Resources Funds

Data as of Sept. 20, 2023
Market Price $23.05 (- $0.14)
NAV (Sept. 20, 2023) $27.16 (- $0.26)
Fund Listed NYSE
Premium / Discount -15.13% (+0.29%)
Fund Info
Inception Jan. 30, 1929
Sponsor The Adams Express Company
Phone 800.638.2479
Location Maryland
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board No
Term Date N/A
Objective: Diversified exposure to the energy and natural resources sector
Capital & Leverage
Outstanding Shares 25,033,377
Total Assets (Reported: June 30, 2023) $625M
Estimated Total Assets $680M
Net Assets $680M
Market Cap $577M
Portfolio Turnover 23.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.64%
Non Lev Exp Ratio 0.64%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -14.54%
Discount Low(3 Yr) -18.62%
Discount High(3 Yr) -9.91%
Discount Rel Range (3 Yr) 40.07%
Comp Discount -2.26
Discount St Dev (1Yr) 1.35
Z-Stat (6mo) 0.56
Z-Stat (1Yr) 0.44
Z-Stat (3Yr) -0.36
Comp Z-Stat (6mo) 0.24
Comp Z-Stat (3Yr) -0.35
Distribution Data
Market Yield 5.21%
Income Yield 3.38%
Lev Adj NAV Yield 4.42%
Distribution Frequency Q
Current Distribution $0.100
Current Income $0.100
Ex-Date 8/17/23
Payable Date 9/1/23
Div Growth (3yr) 0.00%
Dividend Change -89.7% on 1/13/11
Expected Div 11/16/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 48.5% 58.1%
ST Gains 11.0% 14.3%
QDI 53.4% 64.5%
LT Gains 40.5% 27.6%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $1,024
Avg Volume 30 day 32,277
Avg Volume 90 day 44,422
Volume Trend -27.34%
Comp Volume Trend -22.91%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Equity Income Index
Most Correlated Peer (Mk Pr): BGR 96.0%
NAV - Price Correlation (30 d) 92.6%
NAV - Price Correlation (90 d) 98.0%
NAV - Price Correlation (1 Yr) 96.7%
Price St Dev (1Yr) 25.1%
NAV St Dev (1Yr) 25.6%
Earnings / Share (6/30/23) $0.166
Earn Coverage 166.20%
Earnings Trend Down
UNII / Share (6/30/23) $0.256
Rel UNII 32.85
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Equity Income Index

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NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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