T. Rowe Price New Era Fund (PRNEX)
The investment seeks to provide long-term capital growth. The fund will normally invest a minimum of two-thirds of its assets in the common stocks of natural resource companies. The earnings and tangible assets of natural resources companies may benefit from periods of accelerating inflation. It also invests in other growth companies that the managers believe have strong potential for earnings growth but do not own or develop natural resources.
Fund Info
| ISIN | US7795591038 |
|---|---|
| CUSIP | 779559103 |
| Issuer | T. Rowe Price |
| Inception Date | Jan 19, 1969 |
| Category | Energy Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PRNEX features an expense ratio of 0.56%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PRNEX vs. PRIDX, PRNEX vs. THOIX, PRNEX vs. PRISX, PRNEX vs. PRGTX, PRNEX vs. PRMTX, PRNEX vs. PRWCX, PRNEX vs. FXAIX, PRNEX vs. PRDGX, PRNEX vs. SCHD
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price New Era Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price New Era Fund had a return of 12.81% year-to-date (YTD) and 17.27% in the last 12 months. Over the past 10 years, T. Rowe Price New Era Fund had an annualized return of 3.99%, while the S&P 500 had an annualized return of 11.33%, indicating that T. Rowe Price New Era Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.81% | 24.30% |
| 1 month | -0.43% | 4.09% |
| 6 months | 2.89% | 14.29% |
| 1 year | 17.27% | 35.42% |
| 5 years (annualized) | 9.30% | 13.95% |
| 10 years (annualized) | 3.99% | 11.33% |
Monthly Returns
The table below presents the monthly returns of PRNEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.63% | 2.62% | 9.41% | -0.81% | 2.28% | -3.41% | 2.58% | -0.49% | 0.15% | -0.91% | 12.81% | ||
| 2023 | 5.08% | -5.23% | -0.66% | 1.40% | -7.90% | 7.40% | 6.99% | -2.20% | -1.43% | -4.47% | 1.49% | 1.81% | 1.02% |
| 2022 | 1.40% | 0.39% | 6.20% | -5.29% | 6.97% | -13.88% | 6.43% | 1.09% | -8.80% | 12.43% | 7.36% | -4.10% | 7.14% |
| 2021 | -0.77% | 7.35% | 3.71% | 3.58% | 3.29% | -2.00% | -0.45% | 1.20% | -1.10% | 7.22% | -3.69% | 5.18% | 25.35% |
| 2020 | -7.30% | -10.66% | -22.46% | 14.26% | 4.71% | 1.40% | 4.85% | 3.81% | -4.66% | -1.51% | 16.58% | 4.90% | -2.63% |
| 2019 | 9.37% | 1.82% | 1.13% | 1.77% | -8.64% | 8.51% | -2.60% | -4.86% | 2.68% | 0.43% | 0.98% | 6.63% | 16.91% |
| 2018 | 1.48% | -6.75% | 1.01% | 5.25% | 0.41% | 0.43% | 2.62% | -2.11% | 1.56% | -10.03% | -2.27% | -7.96% | -16.23% |
| 2017 | 0.74% | -1.98% | 0.54% | -0.81% | -0.03% | -0.85% | 2.83% | -2.01% | 5.44% | 1.86% | 1.46% | 3.16% | 10.57% |
| 2016 | -3.23% | 2.01% | 9.88% | 7.07% | -0.95% | 1.91% | 1.72% | 0.71% | 1.28% | -3.56% | 5.41% | 1.10% | 25.01% |
| 2015 | -2.47% | 4.67% | -2.67% | 6.22% | -3.82% | -4.75% | -7.08% | -3.68% | -7.58% | 10.13% | 0.89% | -8.54% | -18.73% |
| 2014 | -3.53% | 6.25% | 0.55% | 4.32% | 1.65% | 5.13% | -3.96% | 2.53% | -6.45% | -4.42% | -7.10% | -2.18% | -8.06% |
| 2013 | 4.32% | -0.41% | 2.62% | -2.06% | 1.03% | -4.41% | 4.83% | 0.47% | 3.35% | 4.24% | -1.96% | 3.24% | 15.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRNEX is 19, indicating that it is in the bottom 19% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price New Era Fund provided a 2.83% dividend yield over the last twelve months, with an annual payout of $1.19 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.19 | $1.19 | $1.79 | $0.83 | $0.78 | $0.75 | $0.51 | $0.69 | $0.43 | $0.42 | $0.42 | $0.25 |
Dividend yield | 2.83% | 3.20% | 4.34% | 2.07% | 2.39% | 2.18% | 1.69% | 1.89% | 1.28% | 1.54% | 1.22% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price New Era Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.79 | $1.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2013 | $0.25 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price New Era Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price New Era Fund was 66.56%, occurring on Nov 20, 2008. Recovery took 3306 trading sessions.
The current T. Rowe Price New Era Fund drawdown is 0.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.56% | May 21, 2008 | 128 | Nov 20, 2008 | 3306 | Jan 11, 2022 | 3434 |
| -41.77% | Oct 8, 1997 | 365 | Mar 2, 1999 | 1216 | Dec 29, 2003 | 1581 |
| -32.06% | Oct 6, 1987 | 15 | Oct 26, 1987 | 1577 | Nov 10, 1993 | 1592 |
| -21.5% | Jun 8, 2022 | 25 | Jul 14, 2022 | 135 | Jan 26, 2023 | 160 |
| -18.13% | May 11, 2006 | 23 | Jun 13, 2006 | 194 | Mar 23, 2007 | 217 |
Volatility
Volatility Chart
The current T. Rowe Price New Era Fund volatility is 4.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.