Mutual Fund Insights: T. Rowe Price New Era Fund (PRNEX)

In-depth Analysis of T. Rowe Price New Era Fund (PRNEX)

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See T. Rowe Price New Era Fund (PRNEX) performance details as of February 28, 2010

  

Last Trade: $43.84 on 3/19/2010, Change: -0.76 (-1.7%)

  

Fund Manager - Charles M. Ober

Fund Manager Tenure: 13.1 years
Fundmojo Fund Grade: C (Score: 0.5)     (What does this score mean?)

Charles M. Ober is a vice president and portfolio manager with T. Rowe Price, his employer since 1980. Charles M. Ober also serves as an investment analyst for the firm and specializes in the areas of energy, chemicals, and forest products. Charles M. Ober holds the Chartered Financial Analyst designation.  Get more insights on Charles M. Ober

  

 What we like about T. Rowe Price New Era Fund (PRNEX)

Data for T. Rowe Price New Era Fund (PRNEX) as of February 28, 2010

• T. Rowe Price New Era Fund (PRNEX) management has been with T. Rowe Price New Era Fund for 13.1 years
• T. Rowe Price New Era Fund (PRNEX) has good short-term performance (1-year return 62.05% vs 60.31 % Natural Resources category average)
• T. Rowe Price New Era Fund (PRNEX) ratio of up-years vs down years is greater than 2
• T. Rowe Price New Era Fund (PRNEX) has an annual stock turnover rate of 21.00% vs Natural Resources average of 87.83%. It is good that T. Rowe Price New Era management does not trade extensively for its return.
• T. Rowe Price New Era Fund (PRNEX) is less volatile than its peers as it has a 3-year Standard Deviation of 31.37, lower than category average of 32.69
• T. Rowe Price New Era Fund (PRNEX) has a lower management fee than its Natural Resources average: 0.66% vs 1.57%
• T. Rowe Price New Era Fund (PRNEX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about T. Rowe Price New Era Fund (PRNEX)

Data for T. Rowe Price New Era Fund (PRNEX) as of February 28, 2010

• T. Rowe Price New Era Fund (PRNEX) has a less-than-ideal mid-term performance (3-year return 0.50% vs 0.61 % Natural Resources category average)
• T. Rowe Price New Era Fund (PRNEX) has a less-than-ideal Long-term performance (5-year return 6.82% vs 8.35 % Natural Resources category average)
• T. Rowe Price New Era Fund (PRNEX) has a Morningstar rating of 3 and below
• T. Rowe Price New Era Fund (PRNEX) is less safe compared to its Natural Resources peers
• T. Rowe Price New Era Fund (PRNEX) does not have a good risk adjusted return as its 3-year Alpha of 10.65 is worse than category average of 11.39, and its 3-year Sharpe ratio is 0.12

See T. Rowe Price New Era Fund (PRNEX) performance details as of February 28, 2010

  

  

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T. Rowe Price New Era Fund (PRNEX) Net Asset

Track net asset change of T. Rowe Price New Era fund (PRNEX)

Date	Net Asset
02/2010	$4.77B
01/2010	$5.06B
11/2009	$4.93B

More historic net asset information on T. Rowe Price New Era Fund (PRNEX)

  

T. Rowe Price New Era Fund (PRNEX) Portfolio Allocation

Track portfolio allocation change of T. Rowe Price New Era fund (PRNEX)

Date	Cash	Stock	Bond	Other
09/2009	4.72%	95.28%	0%	0%
06/2009	4.95%	94.89%	0%	0.15%
03/2009	13.54%	86.21%	0%	0.25%

Click here to see more historic asset allocation information on T. Rowe Price New Era Fund (PRNEX)

  

Most Recent Top 10 Holdings in T. Rowe Price New Era Fund (PRNEX)

Discover what T. Rowe Price New Era Fund (PRNEX) manager is buying

30-Sep-09 T. Rowe Price Reserve [4.72%] CAMERON INTL CP [3.95%] SCHLUMBERGER LTD [3.65%] DIAMOND OFFSHORE DRL [3.28%] CANADIAN NAT RES [3.01%] CONS ENERGY INC [2.52%] AGNICO EAGLE MINES [2.37%] EOG RESOURCES INC [2.28%] [2.21%] POTASH CP SASKATCHEW [2.17%]

30-Jun-09 T. Rowe Price Reserve [4.73%] SCHLUMBERGER LTD [3.77%] CAMERON INTL CP [3.46%] DIAMOND OFFSHORE DRL [3.34%] CANADIAN NAT RES [3.21%] EXXON MOBIL CP [2.65%] POTASH CP SASKATCHEW [2.63%] BHP Billiton Limited [2.39%] [2.27%] CONS ENERGY INC [2.23%]

31-Mar-09 EXXON MOBIL CP [3.92%] CAMERON INTL CP [3.78%] SCHLUMBERGER LTD [3.5%] DIAMOND OFFSHORE DRL [3.13%] POTASH CP SASKATCHEW [2.98%] [2.82%] AGNICO EAGLE MINES [2.69%] TOTAL S.A. [2.66%] BHP Billiton Limited [2.39%] SMITH INTL INC [2.2%]

Click here for Stock Holding Change Map in T. Rowe Price New Era Fund (PRNEX)

  

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See more information on T. Rowe Price New Era Fund (PRNEX)

• T. Rowe Price New Era Fund Insights
• T. Rowe Price New Era Fund Performance Data
• T. Rowe Price New Era Fund News
• T. Rowe Price New Era Fund Score Explaination
• T. Rowe Price New Era Fund Manager Information
• Historic T. Rowe Price New Era Fund Asset Allocation Report
• Historic T. Rowe Price New Era Fund Top 10 Holding Tracking
• Historic T. Rowe Price New Era Fund Asset Under Management Tracking