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Morningstar

T. Rowe Price New Era I TRNEX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 40.94  /  +0.37 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Natural Resources
  • Investment Style Large Value
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 2.97%
  • Turnover 83%

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis TRNEX

Will TRNEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TRNEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TRNEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TRNEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

T. Rowe Price New Era I’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings TRNEX

More TRNEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Exxon Mobil Corp

5.36 142.7 Mil
Energy

ConocoPhillips

4.49 119.4 Mil
Energy

Linde PLC

3.55 94.4 Mil
Basic Materials

TotalEnergies SE

3.21 85.3 Mil
Energy

Shell PLC

3.06 81.4 Mil
Energy

Aggregate Miscellaneous Equity

2.96 78.7 Mil
—

Schlumberger Ltd

2.52 66.9 Mil
Energy

Chevron Corp

2.49 66.3 Mil
Energy

Canadian Natural Resources Ltd

2.48 65.9 Mil
Energy

Marathon Petroleum Corp

2.44 65.0 Mil
Energy