About TRNEX
T. Rowe Price New Era Fund I Class is a sector-focused mutual fund designed to provide long-term capital growth by investing primarily in companies involved in the ownership, development, or servicing of natural resources and basic commodities. The fund actively selects stocks across the energy, metals, chemicals, forest products, and related industries, targeting firms that can remain profitable during periods of rising inflation by efficiently managing costs and adapting to commodity price changes. While at least two-thirds of its assets are allocated to natural resource companies, the fund also includes select non-resource growth firms to diversify its growth opportunities. With a balanced global approach, the portfolio typically maintains at least 50% investment in U.S. companies, with up to half available for international and emerging market exposure. The fund aims to help investors participate in global resource demand and protect against inflationary pressures, offering broad exposure across commodity-based sectors and maintaining a disciplined, actively managed strategy for sector allocation and stock selection. Notable holdings include major energy and materials firms, reflecting its emphasis on large, established players in resource industries.
Fund Family T. Rowe Price
Category Natural Resources
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol TRNEX
Share Class -i Class
Index Index is not available on Lipper Database
TRNEX had a total return of 20.62% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.05%.
