T. Rowe Price New Era

Frequently Asked Questions About PRNEX

What does PRNEX invest in?

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 adviser believes have strong potential for earnings growth but do not own or develop natural resources.

What is the expense ratio of PRNEX?

T. Rowe Price New Era (PRNEX) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRNEX?

T. Rowe Price New Era (PRNEX) manages $5.22B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PRNEX actively managed or an index fund?

PRNEX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRNEX's is 0.79%) in exchange for the discretion to over- or under-weight positions.

When was PRNEX launched?

T. Rowe Price New Era (PRNEX) launched in January 1980 and is managed by T. Rowe Price.

How has PRNEX performed?

PRNEX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.