Adams Natural Resources Fund

PEO

Market cap $729M

WTI crude oil has crossed $104 per barrel, its highest level in the past 12 months, after a conflict between the U.S.

Adams Natural Resources Fund offers 85+ years of distributions record with a current yield of ~7.5%, with the potential for near-term yield to reach ~10% if NAV increases further. PEO is rated a buy given ongoing geopolitical uncertainty and energy market fluctuations, along with a structural long-term performance track record. PEO's concentrated energy portfolio, with top ten holdings at 64%, enables strong participation in sector upside while maintaining some subsector diversification.

I highlight seven closed-end funds, or CEFs, with rising NAVs and increasing distributions over the past 10–15 years, spanning diverse asset classes. These CEFs—PEO, BDJ, BME, CSQ, UTF, STK, and GDV—offer strong total returns, resilient income growth, and trade at attractive discounts to NAV. Funds like STK and CSQ have outperformed the S&P 500 on a 10-year total return basis, while others like BME and UTF have never cut distributions.

The S&P 500 is down 4.29% over the past month, and the VIX fear gauge has climbed 53% in that same window to sit at 27, firmly in elevated-uncertainty territory.

Picking individual energy stocks means riding commodity price swings, managing earnings surprises, and hoping management allocates capital well.

Viper Energy (VNOM) and Adams Natural Resources Fund (PEO) are two energy income vehicles worth owning for decades — not because energy is exciting right now, but because both are built to generate cash through cycles that will outlast any market trend.

Three of the portfolio's 10 equity sectors made positive contributions to calendar-year period performance: Health Care and Financials led by wide margins, followed by Information Technology. PACS Group reported stronger-than-expected fiscal 2024 and year-to-date fiscal 2025 results in November of 2025, signaling that its acquisition and operating models remained on track. FTAI shares significantly outperformed in 2025 due to robust demand for passenger flights and from strengthening its moat by acquiring a new repair facility in Rome.

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 9.7% yield and -10% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

BALTIMORE, Feb. 12, 2026 (GLOBE NEWSWIRE) -- The Boards of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO), two of the nation's oldest closed-end funds, announce the election of Steven G. Chambers as an independent director of the Funds, effective February 12, 2026.

My income portfolio prioritizes resilient, high-dividend securities with long-term positive NAV trends rather than trading based on unpredictable short-term price movements. Therefore, I focus on funds that have demonstrated value creation since launch, especially those with at least a decade of performance history, with its accompanying ups and downs. In this article, I show how the NAVs of all my securities behaved during the worst moments of their existence and how they largely rebounded.