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PRNEX T. Rowe Price New Era

  • Fund
  • PRNEX
  • Price as of: Apr 24, 2019
  • $34.80 - $0.41 - 1.16%
  • Category
  • Natural Resources

PRNEX - Profile

Vitals

  • YTD Return 15.7%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return -6.0%
  • Net Assets $3.63 B
  • Holdings in Top 10 27.2%

52 WEEK LOW AND HIGH

$34.80
$28.66
$38.38

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 15.7%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return -6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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

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 15.7% 3.1% 21.7% 49.23%
1 Yr -4.7% -38.1% 8.9% 14.29%
3 Yr 3.9%* -4.0% 13.4% 31.58%
5 Yr -6.0%* -14.0% 6.7% 49.02%
10 Yr 0.9%* -2.8% 9.8% 64.29%

* Annualized


Return Ranking - Calendar

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.6% -46.3% 8.2% 15.87%
2017 8.4% -2.3% 22.9% 44.26%
2016 23.4% 10.8% 43.7% 69.09%
2015 -20.8% -34.4% -10.9% 21.82%
2014 -22.4% -29.4% 55.4% 92.16%

Total Return Ranking - Trailing

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% 3.1% 21.7% 49.23%
1 Yr -4.7% -38.1% 8.9% 14.29%
3 Yr 3.9%* -4.0% 17.7% 42.11%
5 Yr -6.0%* -14.0% 7.0% 50.98%
10 Yr 0.9%* -2.8% 14.4% 71.43%

* Annualized


Total Return Ranking - Calendar

Period PRNEX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.6% -46.3% 8.2% 15.87%
2017 8.4% -2.3% 31.7% 45.90%
2016 23.4% 10.8% 44.2% 78.18%
2015 -20.8% -34.0% -5.1% 21.82%
2014 -22.4% -28.7% 55.4% 96.08%

NAV & Total Return History

PRNEX - Holdings

Concentration Analysis

PRNEX Category Low Category High PRNEX % Rank
Net Assets 3.63 B 1.75 M 3.63 B 1.54%
Number of Holdings 127 12 256 12.31%
Net Assets in Top 10 874 M 663 K 1.33 B 3.08%
Weighting of Top 10 27.23% 17.4% 78.7% 86.15%

Top 10 Holdings

  1. Total SA 4.92%

  2. Air Products & Chemicals Inc 3.11%

  3. Occidental Petroleum Corp 2.99%

  4. Concho Resources Inc 2.78%

  5. EOG Resources Inc 2.75%

  6. BP PLC 2.54%

  7. TransCanada Corp 2.38%

  8. Atmos Energy Corp 2.06%

  9. Valero Energy Corp 1.86%

  10. Exxon Mobil Corp 1.84%


Asset Allocation

Weighting Return Low Return High PRNEX % Rank
Stocks
97.91% -0.27% 99.94% 46.15%
Cash
1.51% 0.05% 72.39% 55.38%
Preferred Stocks
0.35% 0.00% 3.83% 4.62%
Other
0.24% -3.34% 3.60% 21.54%
Convertible Bonds
0.00% 0.00% 0.93% 23.08%
Bonds
0.00% 0.00% 95.64% 33.85%

Stock Sector Breakdown

Weighting Return Low Return High PRNEX % Rank
Energy
44.61% 0.42% 80.26% 58.73%
Basic Materials
30.90% 4.10% 98.23% 63.49%
Utilities
10.11% 0.00% 10.11% 1.59%
Industrials
7.53% 0.00% 25.97% 11.11%
Consumer Cyclical
3.16% 0.00% 25.25% 30.16%
Consumer Defense
1.60% 0.00% 8.65% 25.40%
Technology
0.00% 0.00% 12.65% 44.44%
Real Estate
0.00% 0.00% 35.00% 25.40%
Healthcare
0.00% 0.00% 12.50% 26.98%
Financial Services
0.00% 0.00% 4.27% 23.81%
Communication Services
0.00% 0.00% 0.82% 25.40%

Stock Geographic Breakdown

Weighting Return Low Return High PRNEX % Rank
US
57.28% -0.27% 89.17% 52.31%
Non US
40.63% 0.00% 84.71% 33.85%

PRNEX - Expenses

Operational Fees

PRNEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.10% 11.95% 98.41%
Management Fee 0.54% 0.08% 1.75% 15.38%
12b-1 Fee 0.00% 0.00% 1.00% 6.82%
Administrative Fee 0.15% 0.01% 0.45% 64.52%

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% 5.00% 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% 0.00% 361.00% 58.73%

PRNEX - Distributions

Dividend Yield Analysis

PRNEX Category Low Category High PRNEX % Rank
Dividend Yield 0.01% 0.00% 0.05% 41.54%

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
Net Income Ratio 1.69% -1.85% 2.48% 17.46%

Capital Gain Distribution Analysis

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

PRNEX - Managers

Tenure Analysis

Category Low

0.37

Category High

21.01

Category Average

7.7

Category Mode

6.0