Adams Natural Resources Closed Fund (PEO)

Adams Natural Resources Fund, Inc. is a publicly owned closed-end investment fund listed on the NYSE under the symbol PEO. The fund focuses on equity investments linked to the energy and natural resources complex, including oil and gas companies, exploration and production businesses, utilities, service providers, and basic materials names. Its mandate spans companies of different market capitalizations and emphasizes a bottom-up, fundamental approach to security selection. In evaluating investments, the fund considers earnings growth prospects, market position, competition, cash flow generation, valuation, capital allocation, return on capital, and broader macroeconomic conditions. Performance is measured against a benchmark made up of 80% Dow Jones Oil and Gas Index and 20% Dow Jones Basic Materials Index. Founded in 1929 and formerly known as Petroleum & Resources Corporation, the fund is based in Baltimore, Maryland, with an additional office in Boston, Massachusetts.

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