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 fund assets in the common stocks of natural resource companies whose earnings and tangible assets could benefit from accelerating inflation. At least half of fund assets will be invested in stocks of U.S. issuers, but up to 50% of total assets may be invested in international stocks. It may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.


1 month-10.49% 3 years+5.55%
3 months-13.45% 5 years+3.52%
1 year-1.67% Since inception+10.20%
Data through --

Peer Comparisonvs. Natural resources

Performance 5-yr return+3.52%+6.13%
Expense ratio0.66%1.47%
Risk 5 year sharpe ratio0.430.40
Net assets$4.5B$880.5M
Average market cap$16.8B$19.3B
Average P/E20.518.1
Portfolio turnover55%55%

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Fund Management and Purchase Info

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


U.S. stock74.84%
International stock24.03%
Fixed income0.36%
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 Co3.25%
RDSA Royal Dutch Shell PLC ADR Class A3.09%
CXO Concho Resources Inc2.70%
APC Anadarko Petroleum Corp2.63%
XOM Exxon Mobil Corporation2.36%
NI NiSource Inc2.33%
XEC Cimarex Energy Co2.29%
EQT EQT Corp2.06%
-- Eni SpA2.05%
RRC Range Resources Corp2.01%

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