Fund Research for T. Rowe Price New Era (PRNEX)

  • Fund Overview

    Fund Inception Date: Jan 20, 1969
    Category: Natural Resources
    Overall Risk: Below Average
    Fund Family: T. Rowe Price
    Return Since Inception: 10.29%
    YTD Return: 45.61%
    Yield (TTM): 1.19%
    Net Assets: 4.64 B
    Morningstar Rating:
    3 of 5

    The investment seeks to provide long-term capital growth. The fund normally invests a minimum of two-thirds of fund assets in the common stocks of natural resource companies whose earnings and tangible assets could benefit from accelerating inflation. It also invests in other growth companies that have strong potential for earnings growth but do not own or develop natural resources. The fund invests at least half of fund assets in U.S. securities, but invests up to 50% of assets in foreign securities. It may also buy other types of securities, including futures and options.

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    Size
    Average Market Cap $19,847 M
    Market Capitalization Portfolio
    Giant 34.33%
    Large 34.98%
    Medium 30.19%
    Small 0.50%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/27/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 45.61% 42.29% 1.37% 8.92% 10.88% 10.29%
    +/- Category 7.22% 4.29% 2.01% 1.05% -0.34% —
    +/- S&P 500 TR 22.02% 16.18% 6.84% 8.44% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 38.17% 22.95% 0.62% 9.71% 10.88% 10.29%
    Quarter (as of 09/30/2009) 39.28% -8.77% 2.76% 9.69% 10.83% 10.33%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/27/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/27/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 01/20/1969
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 0.00%
    Service 1.74%
    Manufacturing 93.55%

    Asset Allocation

    Short Long Net Assets
    Cash — 4.72% 4.72%
    Stocks — 95.28% 95.28%
    Bonds — 0.00% 0.00%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 37.94% 37.94%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    + T. Rowe Price Reserve — — — 4.72%
    + CAMERON INTERNATIONAL CORP (CAM) Energy 15.33 87.22% 3.95%
    + SCHLUMBERGER LTD (SLB) Energy 21.85 53.79% 3.65%
    + DIAMOND OFFSHORE DRILLING IN (DO) Energy 9.92 79.54% 3.28%
    - CANADIAN NAT RES LTD (CNQ) Energy 13.24 61.87% 3.01%
    - CANADIAN NAT RES LTD (CNQ) Energy 13.40 61.87% 3.01%
    + CONSOL ENERGY INC (CNX) Energy 14.66 56.02% 2.52%
    + AGNICO EAGLE MINES LTD (AEM) Industrial Materials 160.05 14.67% 2.37%
    + AGNICO EAGLE MINES LTD (AEM) Industrial Materials 157.99 14.67% 2.37%
    - EOG RES INC (EOG) Energy 36.05 25.52% 2.28%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/27/2009
    All other data as of 09/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 05/01/2009
    Expense Ratio (based on net assets) 0.66%
    Taken from annual report dated 12/31/2008

  • Fund Management