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PRNEX T. Rowe Price New Era

  • Fund
  • PRNEX
  • Price as of: Aug 08, 2016
  • $32.77
  • + $0.23
  • + 0.71%
  • Category
  • Natural Resources

PRNEX - Profile

Vitals

  • YTD Return 20.2%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $3.31 B
  • Holdings in Top 10 26.9%

52 WEEK LOW AND HIGH

$32.77
$23.79
$32.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.67%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 76.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Natural Resources
  • Fund Type Open End Mutual Fund
  • Investment Style Natural Resources

Distributions

  • YTD Total Return 20.2%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.28%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price New Era Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Jan 20, 1969
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Shawn T. Driscoll

Fund Description

The T. Rowe Price New Era Fund (PRNEX) is an actively managed fund that seeks long-term capital appreciation and inflation protection by investing in a portfolio of natural resource stocks. Natural resource stocks can include metals and mining companies, oil and gas firms, and chemical, agriculture or utility companies. New Era will also add some exposure to non-natural resource stocks, benefiting from higher inflation.

Expenses for PRNEX are low. Given its sector mandate, the fund is best used as a satellite position in a broad equity portfolio. The fund is internally managed by T. Rowe. Price.

PRNEX - Performance

Return Ranking - Trailing

Period PRNEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.2% -35.0% 44.8% 24.77% 2
1 Yr 7.8% -41.6% 16.4% 13.64% 1
3 Yr -0.8% * -16.2% 8.2% 12.20% 1
5 Yr -2.3% * -11.9% 10.7% 17.74% 1
10 Yr 1.8% * -4.2% 12.8% 16.67% 1

* Annualized


Return Ranking - Calendar

Period PRNEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -20.8% -38.7% -10.9% 27.85% 2
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period PRNEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.2% -35.0% 44.8% 25.47% 2
1 Yr 7.8% -45.0% 16.4% 12.73% 1
3 Yr -0.8% * -16.2% 8.2% 10.98% 1
5 Yr -2.3% * -12.3% 10.7% 16.13% 1
10 Yr 1.8% * -4.2% 12.8% 16.67% 1

* Annualized


Total Return Ranking - Calendar

Period PRNEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -20.8% -38.7% -10.9% 27.85% 2
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

PRNEX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

PRNEX Category Low Category High PRNEX % Rank Quintile
Net Assets 3.31 B 610 K 4.43 B 1.77% 1
Number of Holdings 118 10 242 6.19% 1
Net Assets in Top 10 865 M 8.43 K 1.14 B 3.54% 1
Weighting of Top 10 26.9% 0.1% 68.9% 31.86% 5

Top 10 Holdings

  1. Concho Resources Inc 2.16%
  2. Occidental Petroleum Corp 2.93%
  3. Total SA 4.59%
  4. Exxon Mobil Corp 3.33%
  5. RPM International Inc 2.16%
  6. Air Products & Chemicals Inc 2.03%
  7. Vulcan Materials Co 2.12%
  8. Royal Dutch Shell PLC B 3.09%
  9. Cimarex Energy Co 2.44%
  10. Baker Hughes Inc 2.06%

Asset Allocation

Weighting Category Low Category High PRNEX % Rank Quintile
Stocks
97.36% 0.04% 101.26% 13.27% 2
Cash
1.37% -1.74% 99.94% 22.12% 4
Other
0.71% -1.87% 26.79% 10.62% 2
Bonds
0.57% 0.00% 2.53% 3.54% 1
Preferred Stocks
0.00% 0.00% 8.16% 5.31% 2
Convertible Bonds
0.00% 0.00% 10.11% 3.54% 2

Stock Sector Breakdown

Weighting Category Low Category High PRNEX % Rank Quintile
Energy
49.01% 0.00% 88.91% 18.35% 3
Basic Materials
26.60% 3.87% 88.08% 22.94% 4
Utilities
8.98% 0.00% 8.98% 0.92% 1
Industrials
5.85% 0.00% 26.75% 7.34% 1
Consumer Cyclical
5.71% 0.00% 12.85% 7.34% 1
Consumer Defense
0.65% 0.00% 23.31% 12.84% 2
Technology
0.57% 0.00% 5.81% 4.59% 1
Communication Services
0.00% 0.00% 0.00% 0.92% 2
Real Estate
0.00% 0.00% 42.16% 6.42% 2
Healthcare
0.00% 0.00% 13.88% 4.59% 2
Financial Services
0.00% 0.00% 8.15% 4.59% 2

Stock Geographic Breakdown

Weighting Category Low Category High PRNEX % Rank Quintile
US
62.52% 0.04% 99.82% 16.81% 3
Non US
34.84% 0.00% 78.53% 15.93% 2

Bond Sector Breakdown

Weighting Category Low Category High PRNEX % Rank Quintile
Cash & Equivalents
1.37% -1.74% 99.94% 23.89% 4
Corporate
0.56% 0.00% 12.64% 8.85% 2
Securitized
0.00% 0.00% 0.00% 0.88% 2
Derivative
0.00% -0.18% 0.18% 2.65% 2
Municipal
0.00% 0.00% 0.00% 0.88% 2
Government
0.00% 0.00% 0.00% 0.88% 2

Bond Geographic Breakdown

Weighting Category Low Category High PRNEX % Rank Quintile
US
0.29% 0.00% 0.63% 2.65% 1
Non US
0.28% 0.00% 2.53% 1.77% 1

PRNEX - Expenses

Operational Fees

PRNEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.67% 0.10% 21.93% 76.99% 1
Management Fee 0.54% 0.08% 1.35% 16.81% 1
12b-1 Fee 0.00% 0.00% 1.00% 12.00% 1
Administrative Fee 0.15% 0.01% 0.45% 4.41% 4

Sales Fees

PRNEX Fees (% of AUM) Category Low Category High PRNEX Rank Quintile
Front Load N/A 0.30% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

PRNEX Fees (% of AUM) Category Low Category High PRNEX Rank Quintile
Max Redemption Fee N/A 0.05% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRNEX Fees (% of AUM) Category Low Category High PRNEX Rank Quintile
Turnover 76.70% 0.00% 471.00% 12.73% 4

PRNEX - Distributions

Dividend Yield Analysis

PRNEX Category Low Category High PRNEX % Rank Quintile
Dividend Yield 0.3% 0.01% 5.53% 27.85% 2

Dividend Distribution Analysis

PRNEX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

PRNEX Category Low Category High PRNEX % Rank Quintile
Net Income Ratio 1.28% -1.94% 3.36% 24.78% 2

Capital Gain Distribution Analysis

PRNEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PRNEX - Managers

Shawn T. Driscoll

Manager

Start Date

Sep 30, 2013

Tenure

2.84

Tenure Rank

17.3%

Shawn Driscoll is an investment analyst in the U.S. Equity Division of T. Rowe Price and the lead portfolio manager of the Natural Resources Equity Strategy following coal, exploration and production, and mining equipment companies. Mr. Driscoll is a vice president of T. Rowe Price Group, Inc. Mr. Driscoll has 10 years of investment experience, seven of which have been with T. Rowe Price. Prior to joining the firm in 2006, he was employed by MTB Investment Advisors as an Equity Research Analyst. He also worked for MPower Communications as an information technology project manager. Mr. Driscoll earned a B.A. in economics and mathematics from the University of Rochester and an M.B.A. in finance and global business from New York University, Leonard N. Stern School of Business.


Tenure Analysis

Category Low

0.1

Category High

18.4

Category Average

4.84

Category Mode

1.6