Brief Study of T. Rowe Price New Era Fund (PRNEX)

PRNEX

T. Rowe Price New Era Fund (PRNEX - Free Report) seeks to provide long-term capital appreciation by investing primarily in the common stocks of companies that own or develop natural resources and other basic commodities and in the stocks of selected non-resource growth companies. The fund invests about two-thirds of fund's assets in the common stocks of natural resource companies where earnings and tangible assets can benefit from accelerating inflation.

This Sector - Energy producthas a history of positive total returns for over 10 years.  Specifically, the fund’s returns over the 5 year benchmark are 2.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

PRNEX’s performance, as of the last filing, when compared to funds in its category was in the top 16% over the past 1 year, top 11% over the past 3 years and top 15% over the past 5 years.

The T. Rowe Price New Era Fund, as of the last filing, allocates their fund in top two major groups; High Yield Bond and Small Value. Further, as of the last filing, Total SA, Exxon Mobil Corp and EOG Resources Inc were the top holdings for PRNEX.

This Zacks Rank #2 (Buy) was incepted in January 1969 and is managed by T. Rowe Price. SGQAX carries an expense ratio of 0.67% and requires a minimal initial investment of $2,500.

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