T. Rowe Price New Era Fund (PRNEX)
Ticker Symbol:
PRNEX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Snapshot
Quick Stats
Current NAV as of 02/08/2010 $40.16
NAV Change -$0.56
Daily YTD Return as of 02/08/2010 -7.95%
NAV 12 Month Low-High $24.31 - $46.83
Net Assets as of 12/31/2009 $5,064.11 Million
Investment Objective
The investment objective is to provide 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 nonresource growth companies.
Morningstar Ratings1
as of 12/31/2009
Overall
3 Year
5 Year
10 Year
Morningstar rated the New Era Fund among 91, 91, 67 and 44 Natural Resources funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 12/31/2009, respectively. Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.
1 For funds with at least a 3-year history, a Morningstar Rating™ is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately. Morningstar Rating™ is for the retail share class only; other classes may have different performance characteristics.
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Performance Comparison
as of 01/31/2010
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.
Benchmark Definitions
Average Annual Total Returns2
  Month
End
01/31/2010 		Quarter
End
12/31/2009
1 Year 43.39% 49.36%
3 Years -0.40% 1.54%
5 Years 8.35% 9.73%
10 Years 11.45% 11.51%
Since Inception 10.54% 10.73%
Inception Date January 20, 1969
Expense Ratio as of 12/31/2008 0.66%
Investors should note that the fund's short-term performance is highly unusual and unlikely to be sustained.
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares.
2 Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
See Glossary for additional details on all data elements.