T. Rowe Price New Era I (TRNEX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
41.25
-0.19 (-0.46%)
Sep 5, 2025, 4:00 PM EDT
-0.46%
Fund Assets2.35B
Expense Ratio0.57%
Min. Investment$500,000
Turnover24.30%
Dividend (ttm)1.87
Dividend Yield4.51%
Dividend Growth-57.29%
Payout FrequencyAnnual
Ex-Dividend DateDec 16, 2024
Previous Close41.44
YTD Return11.67%
1-Year Return10.48%
5-Year Return84.06%
52-Week Low32.92
52-Week High43.23
Beta (5Y)n/a
Holdings95
Inception DateDec 17, 2015

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
Stock Exchange NASDAQ
Ticker Symbol TRNEX
Share Class -i Class
Index Index is not available on Lipper Database

Performance

TRNEX had a total return of 10.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.14%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
VGELXVanguardVanguard Energy Fund0.36%

Top 10 Holdings

34.37% of assets
NameSymbolWeight
Aggregate Miscellaneous Equityn/a4.94%
Chevron CorporationCVX4.68%
Shell plcSHEL4.59%
Exxon Mobil CorporationXOM4.05%
ConocoPhillipsCOP3.49%
Linde plcLIN2.88%
The Williams Companies, Inc.WMB2.71%
TotalEnergies SETTE2.60%
Enbridge Inc.ENB2.22%
Marathon Petroleum CorporationMPC2.21%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 16, 2024$1.8698Dec 17, 2024
Dec 15, 2023$4.3779Dec 18, 2023
Dec 15, 2022$1.9324Dec 16, 2022
Dec 15, 2021$0.890Dec 16, 2021
Dec 15, 2020$0.880Dec 16, 2020
Dec 16, 2019$0.790Dec 17, 2019
Full Dividend History