PRNEX: T. Rowe Price New Era

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PRNEX T. Rowe Price New Era

  • Fund
  • PRNEX
  • Price as of: Dec 10, 2019
  • $33.28
    - $0.02 - 0.06%

Profile

PRNEX - Profile

Vitals

  • YTD Return 10.6%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return -3.3%
  • Net Assets $3.4 B
  • Holdings in Top 10 27.2%

52 WEEK LOW AND HIGH

$33.28
$28.66
$35.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

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

BROKERAGE FEES

  • Turnover 51.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 10.6%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return -3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 1.5%
  • 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.


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Categories

Performance

PRNEX - Performance

Return Ranking - Trailing

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -10.1% 17.8% 29.41%
1 Yr 4.3% -18.7% 14.7% 25.71%
3 Yr -1.5%* -12.7% 5.0% 44.44%
5 Yr -3.3%* -8.9% 4.0% 42.31%
10 Yr -2.4%* -6.2% 6.9% 78.95%

* Annualized

Return Ranking - Calendar

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.6% -31.6% -10.2% 9.68%
2017 8.4% -2.3% 22.9% 58.62%
2016 23.4% 10.6% 43.7% 59.26%
2015 -20.8% -34.4% -10.9% 46.15%
2014 -22.4% -29.4% 4.1% 86.36%

Total Return Ranking - Trailing

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -10.1% 17.8% 29.41%
1 Yr 4.3% -18.7% 14.7% 28.57%
3 Yr -1.5%* -13.7% 8.8% 48.15%
5 Yr -3.3%* -9.3% 8.8% 53.85%
10 Yr -2.4%* -6.2% 10.0% 78.95%

* Annualized

Total Return Ranking - Calendar

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.6% -31.6% -6.7% 9.68%
2017 8.4% -2.3% 31.7% 62.07%
2016 23.4% 10.9% 44.2% 59.26%
2015 -20.8% -34.0% -5.1% 46.15%
2014 -22.4% -28.7% 4.6% 95.45%

NAV & Total Return History


Holdings

PRNEX - Holdings

Concentration Analysis

PRNEX Category Low Category High PRNEX % Rank
Net Assets 3.4 B 1.35 M 3.4 B 2.86%
Number of Holdings 120 2 252 17.14%
Net Assets in Top 10 894 M 551 K 1.23 B 5.71%
Weighting of Top 10 27.21% 19.9% 99.1% 80.00%

Top 10 Holdings

  1. Total SA 5.25%
  2. Linde PLC 3.06%
  3. Bp Plc, London 2.93%
  4. Air Products & Chemicals Inc 2.90%
  5. NextEra Energy Inc 2.48%
  6. TC Energy Corp 2.39%
  7. EOG Resources Inc 2.29%
  8. Concho Resources Inc 2.11%
  9. ConocoPhillips 2.10%
  10. RPM International Inc 1.69%

Asset Allocation

Weighting Return Low Return High PRNEX % Rank
Stocks
97.65% 86.03% 99.64% 45.71%
Cash
1.33% 0.19% 7.73% 77.14%
Preferred Stocks
0.67% 0.00% 5.55% 8.57%
Bonds
0.35% -2.06% 3.72% 17.14%
Other
0.00% -4.36% 8.28% 48.57%
Convertible Bonds
0.00% 0.00% 0.00% 54.29%

Stock Sector Breakdown

Weighting Return Low Return High PRNEX % Rank
Energy
38.12% 0.00% 68.48% 28.57%
Basic Materials
30.37% 4.78% 93.30% 77.14%
Utilities
9.90% 0.00% 9.90% 2.86%
Industrials
8.45% 0.00% 21.16% 14.29%
Consumer Cyclical
4.16% 0.00% 15.06% 48.57%
Consumer Defense
1.12% 0.00% 7.35% 31.43%
Technology
0.42% 0.00% 4.89% 25.71%
Real Estate
0.00% 0.00% 38.73% 62.86%
Healthcare
0.00% 0.00% 0.17% 54.29%
Financial Services
0.00% 0.00% 4.74% 60.00%
Communication Services
0.00% 0.00% 0.32% 57.14%

Stock Geographic Breakdown

Weighting Return Low Return High PRNEX % Rank
US
55.63% 15.08% 92.22% 60.00%
Non US
42.02% 5.81% 80.28% 40.00%

Bond Sector Breakdown

Weighting Return Low Return High PRNEX % Rank
Cash & Equivalents
1.33% 0.00% 7.73% 60.00%
Corporate
1.02% 0.00% 5.55% 28.57%
Derivative
0.00% 0.00% 0.00% 54.29%
Securitized
0.00% 0.00% 0.00% 54.29%
Municipal
0.00% 0.00% 0.00% 54.29%
Government
0.00% -2.06% 3.72% 57.14%

Bond Geographic Breakdown

Weighting Return Low Return High PRNEX % Rank
US
0.35% -2.06% 3.72% 14.29%
Non US
0.00% 0.00% 2.81% 57.14%

Expenses

PRNEX - Expenses

Operational Fees

PRNEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.10% 4.14% 85.71%
Management Fee 0.54% 0.09% 1.25% 11.43%
12b-1 Fee 0.00% 0.00% 1.00% 10.00%
Administrative Fee 0.15% 0.00% 0.25% 43.75%

Sales Fees

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

Trading Fees

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

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 Return Low Category Return High Rank in Category (%)
Turnover 51.90% 4.00% 247.00% 45.71%

Distributions

PRNEX - Distributions

Dividend Yield Analysis

PRNEX Category Low Category High PRNEX % Rank
Dividend Yield 1.53% 0.00% 4.64% 17.14%

Dividend Distribution Analysis

PRNEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Semi-Annually

Net Income Ratio Analysis

PRNEX Category Low Category High PRNEX % Rank
Net Income Ratio 1.69% -1.85% 4.88% 25.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRNEX - Fund Manager Analysis

Managers

Shawn T. Driscoll


Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.17

6.2%

Shawn Driscoll is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. Prior to joining the firm in 2006, he was employed by MTB Investment Advisors as an equity research analyst. Shawn was also employed by MPower Communications as an information technology project manager. He earned a BA in economics and mathematics from the University of Rochester and an MBA in finance and global business from New York University, Leonard N. Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.68 5.78 6.67