Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

PRNEX T. Rowe Price New Era

  • Fund
  • PRNEX
  • Price as of: Sep 17, 2019
  • $33.39 - $0.26 - 0.77%

PRNEX - Profile

Vitals

  • YTD Return 11.0%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return -7.3%
  • Net Assets $3.29 B
  • Holdings in Top 10 27.3%

52 WEEK LOW AND HIGH

$33.39
$28.66
$38.13

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

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return -7.3%
  • 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.

PRNEX - Performance

Return Ranking - Trailing

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -4.6% 15.4% 23.53%
1 Yr -10.3% -30.1% 1.9% 30.30%
3 Yr 1.6%* -7.2% 11.5% 29.63%
5 Yr -7.3%* -13.9% 2.4% 53.85%
10 Yr -2.3%* -5.8% 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% 62.07%
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 11.0% -4.6% 15.4% 23.53%
1 Yr -10.3% -30.1% 3.9% 30.30%
3 Yr 1.6%* -7.2% 15.6% 33.33%
5 Yr -7.3%* -13.9% 2.8% 57.69%
10 Yr -2.3%* -5.8% 10.1% 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% 65.52%
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

PRNEX - Holdings

Concentration Analysis

PRNEX Category Low Category High PRNEX % Rank
Net Assets 3.29 B 1.26 M 3.29 B 5.71%
Number of Holdings 127 2 255 11.43%
Net Assets in Top 10 945 M 643 K 1.25 B 8.57%
Weighting of Top 10 27.27% 21.3% 99.0% 82.86%

Top 10 Holdings

  1. Total SA 5.08%

  2. Linde PLC 3.00%

  3. Air Products & Chemicals Inc 2.94%

  4. Concho Resources Inc 2.73%

  5. EOG Resources Inc 2.64%

  6. Bp Plc, London 2.54%

  7. TC Energy Corp 2.29%

  8. Occidental Petroleum Corp 2.27%

  9. Pioneer Natural Resources Co 1.92%

  10. Diamondback Energy Inc 1.87%


Asset Allocation

Weighting Return Low Return High PRNEX % Rank
Stocks
99.14% 89.51% 99.92% 34.29%
Preferred Stocks
0.37% 0.00% 5.60% 17.14%
Bonds
0.34% -0.80% 6.66% 20.00%
Cash
0.15% 0.08% 5.51% 97.14%
Other
0.00% -4.50% 2.06% 31.43%
Convertible Bonds
0.00% 0.00% 0.00% 14.29%

Stock Sector Breakdown

Weighting Return Low Return High PRNEX % Rank
Energy
41.58% 0.00% 71.33% 31.43%
Basic Materials
27.13% 4.04% 96.16% 88.57%
Utilities
9.03% 0.00% 9.03% 5.71%
Industrials
8.31% 0.00% 18.84% 17.14%
Consumer Cyclical
3.63% 0.00% 15.53% 54.29%
Consumer Defense
1.03% 0.00% 7.42% 34.29%
Technology
0.00% 0.00% 4.54% 40.00%
Real Estate
0.00% 0.00% 39.75% 34.29%
Healthcare
0.00% 0.00% 0.02% 17.14%
Financial Services
0.00% 0.00% 0.58% 17.14%
Communication Services
0.00% 0.00% 0.32% 20.00%

Stock Geographic Breakdown

Weighting Return Low Return High PRNEX % Rank
US
56.34% 15.07% 93.72% 62.86%
Non US
42.80% 4.95% 75.19% 42.86%

Bond Sector Breakdown

Weighting Return Low Return High PRNEX % Rank
Corporate
0.70% 0.00% 6.01% 37.14%
Cash & Equivalents
0.15% 0.00% 5.51% 88.57%
Derivative
0.00% -0.15% 0.00% 14.29%
Securitized
0.00% 0.00% 0.00% 14.29%
Municipal
0.00% 0.00% 0.00% 14.29%
Government
0.00% -0.80% 2.36% 28.57%

Bond Geographic Breakdown

Weighting Return Low Return High PRNEX % Rank
US
0.34% -0.80% 2.48% 17.14%
Non US
0.00% 0.00% 6.63% 17.14%

PRNEX - Expenses

Operational Fees

PRNEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.10% 4.54% 85.71%
Management Fee 0.54% 0.09% 1.25% 8.57%
12b-1 Fee 0.00% 0.00% 1.00% 10.00%
Administrative Fee 0.15% 0.00% 0.25% 50.00%

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

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 Return Low Category Return High Rank in Category (%)
Turnover 51.90% 5.00% 247.00% 40.00%

PRNEX - Distributions

Dividend Yield Analysis

PRNEX Category Low Category High PRNEX % Rank
Dividend Yield 1.53% 0.00% 4.57% 34.29%

Dividend Distribution Analysis

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

Dividend Payout History


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

PRNEX - Managers

Shawn T. Driscoll

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2013

5.92

5.9%

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

0.08

Category High

21.43

Category Average

6.12

Category Mode

6.42