About PRNEX
T. Rowe Price New Era Fund is an actively managed mutual fund dedicated to long-term capital growth, with a primary focus on companies involved in natural resources. The fund typically invests at least two-thirds of its assets in common stocks of firms that own, develop, or service natural resources, such as those in the energy, metals, forest products, and chemicals sectors. This investment strategy is intended to help provide a hedge against inflation and enable participation in the global demand for essential commodities.
While its core holdings are in natural resource companies, the fund also allocates a portion of assets to growth-oriented companies outside the sector that demonstrate strong potential for earnings expansion. T. Rowe Price New Era Fund maintains a diversified global portfolio, with significant investments in both U.S. and foreign stocks. The top holdings often include major energy corporations, reflecting the fund’s emphasis on industries sensitive to shifts in commodity prices and economic cycles.
Since its inception in 1969, the fund has been recognized for providing investors with exposure to industries poised to benefit from inflationary environments and rising global resource demand. It serves as a sector-focused option within the broader category of equity funds, targeting investors seeking access to natural resources and related sectors.
Fund Family T. Rowe Price
Category Natural Resources
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PRNEX
Index Index is not available on Lipper Database
PRNEX had a total return of 32.18% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.97%.
