Adams Funds Post Nine-Month Gains, Natural Resources NAV Up 34.4%

what happened

Closed-end funds Adams Diversified Equity Fund and Adams Natural Resources Fund have published their results for the first nine months of 2026. In a GlobeNewswire release dated October 15, the Diversified Equity Fund reported a net asset value total return of 12.9%, with dividends and capital gains reinvested. That edged past the S&P 500's 12.8% and beat the Morningstar U.S. Large Blend category's 11.5%. The fund's market price return for the period was 16.6%.

Adams Natural Resources Fund reported a NAV total return of 34.4% and a market price return of 34.2% over the same stretch. The S&P 500 Energy Sector gained 40.3% and the S&P 500 Materials Sector 8.8%, while the fund's blended benchmark of 80% energy and 20% materials returned 34.0%. As of September 30, 2026, its largest holdings were Exxon Mobil at 25.1% of net assets and Chevron at 14.0%.

The funds expect to release their third-quarter reports on or about October 21, 2026.

why it matters

The two funds show different exposures. Natural Resources roughly tracked the energy sector but trailed it by about six percentage points, while Diversified Equity leans on technology, which accounts for 40.2% of its assets. Natural Resources' net assets rose from $662.6 million to $865.2 million, and its NAV per share climbed from $24.36 to $30.57, a snapshot of how investors have valued large integrated oil companies over the past year.

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