T. Rowe Price Real Assets Fund (PRAFX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  December
Morningstar Category  
Inception Date 07/28/2010
Tax ID 27-2494763
Investment Objective
The fund seeks long-term growth of capital.
The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in "real assets" and securities of companies that derive at least 50% of their profits or revenues from, or commit at least 50% of assets to real assets and activities related to, real assets. Real assets are defined broadly by the fund and are considered to include any assets that have physical properties, such as energy and natural resources, real estate, basic materials, equipment, utilities and infrastructure, and commodities.

The fund will invest in companies located throughout the world, and there is no limit on the fund's investments in foreign securities or emerging markets.
Investor Profile
The fund is designed for more aggressive investors with a long-term horizon who want significant exposure to real assets and can withstand inevitable setbacks in an effort to achieve potential long-term growth. Appropriate for both taxable and tax-deferred accounts, such as IRAs.
Risk/Reward Potential*
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The fund offers a professionally managed allocation of assets, most of which will typically be invested in common stocks. The fund's goal is to hold a portfolio of securities and other investments that, over time, should provide some protection against the impact of inflation.

Because the fund focuses its investments in certain industries that involve activities related to energy, natural resources, real estate, commodities, infrastructure, and other real assets, the fund is more susceptible to adverse developments affecting one or more of these industries than a more broadly diversified fund would be and may perform poorly during a downturn in any of those industries.

Since the fund can invest a sizable portion of its assets in foreign securities, it will be subject to the risk that some holdings may lose value because of declining foreign currencies, adverse political or economic developments overseas, illiquid trading markets, governmental interference, or regulatory practices that differ from the U.S. These risks are heightened for the fund's investments in emerging markets.
* Funds are placed in general risk/return categories based on their 10-year standard deviation (as of December 2015) or, for newer funds, the standard deviation of the types of securities in which they invest. There is no assurance past trends will continue.
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