T. Rowe Price New Era Fund (PRNEX)
| 26.69 Net Asset Value | -0.41% 1 Day | -22.41% Year-to-Date | Overall Morningstar Rating |
| Natural resources Style or Category | No Load Sales Expenses | 0.69% 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. The fund is non-diversified.
Performance
| 1 month | -0.48% | 3 years | -4.88% | |
| 3 months | +25.36% | 5 years | -2.25% | |
| 1 year | -20.31% | Since inception | +8.38% |
Data through --
Peer Comparisonvs. Natural resources
| PRNEX | Category | |
|---|---|---|
| Performance 5-yr return | -2.25% | -6.28% |
| Expense ratio | 0.69% | 1.36% |
| Risk 5 year sharpe ratio | -0.13 | -0.04 |
| Net assets | $2.5B | $300.1M |
| Average market cap | $16.2B | $19.6B |
| Average P/E | 13.8 | 17.1 |
| Portfolio turnover | 45% | 45% |
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Fund Management and Purchase Info
| Fund family | T. Rowe Price |
| Fund manager & tenure | Shawn Driscoll / 6 Years |
| Minimal initial investment | $2,500.00 |
| Minimum IRA investment | $1,000.00 |
Holdings
| U.S. stock | 53.01% |
| International stock | 45.71% |
| Other | 0.84% |
| Cash | 0.28% |
| Fixed income | 0.16% |
Top 5 SectorsPortfolio weighting
| Energy | 61.48% |
| Industrial materials | 33.40% |
| Utilities | 3.07% |
| Hardware | 0.85% |
| Financial service | 0.73% |
Top 10 HoldingsPortfolio weighting
| TOT Total | 6.32% |
| -- | 3.56% |
| APD Air Products and Chemicals Inc | 3.35% |
| -- | 2.25% |
| EQNR Statoil | 2.13% |
| COP ConocoPhillips | 2.10% |
| CXO Concho Resources Inc | 2.07% |
| EOG EOG Resources Inc | 1.96% |
| -- | 1.86% |
| BLL Ball Corp | 1.85% |
