Adams Natural Resources Fund Inc

Frequently Asked Questions About PEO

What does PEO invest in?

Adams Natural Resources Fund, Inc. is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors. The firm employs a fundamental analysis with a bottom-up stock picking approach while focusing on earnings growth prospects, defendable market position, market competition, macroeconomic backdrop, cash flow generation, valuation, capital allocation, return on capital, mileposts and catalysts, and point in cycle identification to make its investments. It benchmarks the performance of its portfolios against a composite index of 80% Dow Jones Oil and Gas Index and 20% Dow Jones Basic Materials Index. The firm was formerly known as Petroleum & Resources Corporation. Adams Natural Resources Fund, Inc. was founded in 1929 and is based in Baltimore, Maryland with an additional office in Boston, Massachusetts.

What is the expense ratio of PEO?

Adams Natural Resources Fund Inc (PEO) charges an expense ratio of 0.62%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PEO?

Adams Natural Resources Fund Inc (PEO) has a market value of $836.1M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PEO actively managed or an index fund?

PEO is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PEO's is 0.62%) in exchange for the discretion to over- or under-weight positions.

When was PEO launched?

Adams Natural Resources Fund Inc (PEO) launched in March 1980 and is managed by the fund issuer.

How has PEO performed?

PEO's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.