T. Rowe Price Real Assets Z (TRZRX)

Fund Assets	10.18B
Expense Ratio	0.00%
Min. Investment	$500,000
Turnover	48.30%
Dividend (ttm)	0.68
Dividend Yield	3.48%
Dividend Growth	90.26%
Payout Frequency	Annual
Ex-Dividend Date	Dec 11, 2025

Previous Close	19.88
YTD Return	11.33%
1-Year Return	17.48%
5-Year Return	51.73%
52-Week Low	16.80
52-Week High	21.39
Beta (5Y)	n/a
Holdings	337
Inception Date	Mar 16, 2020

About TRZRX

The T. Rowe Price Real Assets Fund Z Class is a mutual fund designed to provide long-term growth of capital by investing primarily in real assets and companies substantially involved in real asset-related activities. It typically allocates at least 80% of its net assets to real assets and securities of companies that derive at least 50% of their revenues or profits from real assets, such as those in the real estate, basic materials, and energy sectors. The fund holds a diversified portfolio with significant exposure to real estate (around 39%) and basic materials (about 35%), alongside energy investments (approximately 19%). With assets under management exceeding $10 billion, this fund plays a prominent role in offering investors diversification with a focus on tangible assets that often act as an inflation hedge. It features a dividend yield near 2.4% and maintains a moderate portfolio turnover. The fund is considered a global large-stock value strategy reflecting T. Rowe Price's approach to long-term capital appreciation through real asset investments.

• Fund Family: T. Rowe Price
• Category: World Large-Stock Value
• Performance Rating: Below Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: TRZRX
• Share Class: T. Rowe Price Real Assets Funds-z Class
• Index: MSCI AC World NR USD

Performance

TRZRX had a total return of 17.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.28%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PRIKX	T. Rowe Price Real Assets Fund-i Class	0.67%

Top 10 Holdings

21.77% of assets

Name	Symbol	Weight
Welltower Inc.	WELL	3.71%
Equinix, Inc.	EQIX	2.97%
Prologis, Inc.	PLD	2.17%
Agnico Eagle Mines Limited	AEM	2.10%
Aggregate Miscellaneous Equity	n/a	2.10%
Bhp	n/a	2.05%
Freeport-McMoRan Inc.	FCX	1.83%
Franco-Nevada Corporation	FNV	1.71%
Newmont Corporation	NEM	1.63%
Cash Offsets For Shorts & Derivatives	n/a	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 11, 2025	$0.6815	Dec 12, 2025
Dec 12, 2024	$0.3582	Dec 13, 2024
Dec 13, 2023	$0.3421	Dec 14, 2023
Dec 13, 2022	$0.3801	Dec 14, 2022
Dec 15, 2021	$0.400	Dec 16, 2021
Dec 15, 2020	$0.280	Dec 16, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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