The T. Rowe Price Real Assets Fund I Class is a mutual fund designed to provide long-term capital growth by investing predominantly in companies connected to real assets. The fund allocates at least 80% of its net assets to investments in sectors such as energy and natural resources, real estate, basic materials, utilities, infrastructure, equipment, and commodities—broadly covering assets with tangible, physical properties. By emphasizing companies directly involved in or possessing substantial ownership of real assets, the fund seeks to harness the diversification and inflation-hedging characteristics often associated with these sectors. Its portfolio is typically diversified across global markets, with major holdings in industries like real estate, energy, and materials, as seen in its concentration in firms such as Equinix Inc., Prologis Inc., and Exxon Mobil Corp. Targeted primarily toward institutional investors, this fund plays a significant role in portfolios seeking exposure to the long-term growth potential and defensive qualities of real assets, while maintaining a cost structure favorable relative to its peers.