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T. Rowe Price New Era Fund (PRNEX)

30.83
Net Asset Value
+0.78%
1 Day
+13.05%
Year-to-Date
Overall Morningstar Rating
Natural resources
Style or Category
No Load
Sales Expenses
0.65%
Expense Ratio
Average
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.

Performance

1 month+5.26% 3 years-2.77%
3 months+15.17% 5 years-3.87%
1 year-13.71% Since inception+9.25%
Data through --

Peer Comparisonvs. Natural resources

 PRNEXCategory
Performance 5-yr return-3.87%-7.21%
Expense ratio0.65%1.40%
Risk 5 year sharpe ratio-0.19-0.16
Net assets$3.0B$756.6M
Average market cap$13.2B$13.5B
Average P/E25.320.1
Portfolio turnover77%77%

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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

Holdings

U.S. stock63.79%
International stock33.57%
Cash1.70%
Fixed income0.94%
Other0.00%
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
-- 4.00%
XOM Exxon Mobil2.96%
OXY Occidental Petroleum2.75%
-- 2.63%
XEC Cimarex Energy Co2.20%
PXD Pioneer Natural Resources Co2.16%
RPM RPM International Inc2.16%
CXO Concho Resources Inc2.15%
APD Air Products and Chemicals Inc2.13%
VMC Vulcan Materials Co1.97%

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