XOM - PEO: Deep Discount And Big Oil Exposure
2024-01-28 20:08:38 ET
Summary
- Adams Natural Resources Fund provides exposure to the world's largest energy companies at a discount.
- The fund provides a regular quarterly distribution along with a larger year-end distribution to meet its minimum 6% distribution policy.
- PEO puts an emphasis on a fairly narrow portfolio, with Exxon Mobil and Chevron as top holdings in significant allocations.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Energy keeps the world moving. Adams Natural Resources Fund ( PEO ) provides exposure to primarily the world's largest energy companies - though they also offer a bit of diversification. This closed-end fund trades at a big discount for big oil exposure. The fund also provides a regular distribution along with a year-end 'topper' payout to meet the 6% minimum distribution rate....
PEO: Deep Discount And Big Oil Exposure