T. Rowe Price New Era (PRNEX - MF report) a Zacks Rank #1 (Strong Buy) seeks 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. PRNEX 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 fund, as of the last filing, allocates their fund in three major groups; Large Value, Emerging Market and Precious Metal. Further, as of the last filing, Total SA (TOT), Exxon Mobil Corp. (XOM) and Occidental Petroleum Corp. (OXY) were the top holdings for PRNEX.

The T. Rowe Price New Era fund, managed by T. Rowe Price, carries an expense ratio of 0.67%, and requires a minimal initial investment of $2,500.

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 5% in 1 year, top 12% over the past 3 years, and in the 30% over the past 5 years.