Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

T. Rowe Price New Era Fund (PRNEX)

Net Asset Value
1 Day
Overall Morningstar Rating
Natural resources
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to provide long-term capital growth. The fund will normally invest a minimum of two-thirds of its assets in the common stocks of natural resource companies. The earnings and tangible assets of natural resources companies may benefit from periods of accelerating inflation. It also invests in other growth companies that the managers believe have strong potential for earnings growth but do not own or develop natural resources.


1 month+2.53% 3 years-0.75%
3 months+4.57% 5 years-1.84%
1 year-18.83% Since inception+9.33%
Data through --

Peer Comparisonvs. Natural resources

Performance 5-yr return-1.84%-3.19%
Expense ratio0.65%1.42%
Risk 5 year sharpe ratio0.050.01
Net assets$3.0B$645.4M
Average market cap$10.7B$13.5B
Average P/E18.818.4
Portfolio turnover62%62%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureShawn Driscoll / 2 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00


U.S. stock71.46%
International stock25.92%
Fixed income0.52%
Top 5 Sectors
Portfolio weighting
Energy 61.48%
Industrial materials 33.40%
Utilities 3.07%
Hardware 0.85%
Financial service 0.73%
Top 10 Holdings
Portfolio weighting
PXD Pioneer Natural Resources Co3.35%
CXO Concho Resources Inc3.21%
XOM Exxon Mobil2.88%
-- 2.80%
OXY Occidental Petroleum2.80%
XEC Cimarex Energy Co2.70%
EOG EOG Resources Inc2.26%
EQT EQT Corp2.01%
RPM RPM International Inc2.01%
ARG Airgas Inc1.99%