PRNEX Performance — T. Rowe Price New Era Fund
Data updated: 2026-08-27
PRNEX returned +14.28% year to date and +28.37% over one year to Jun 2026. Annualised returns are +13.10% over 3 years and +10.74% over 5 years. Against its Global Mid-Cap Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $145, against $147 for the category, and to $128 over one year, against $119. Volatility over the past three years was 14.78% a year. In the 12 months to Jun 2026 the fund took in a net $70.4M, and assets reached $2.85B.
PRNEX Growth of $100
What $100 invested in T. Rowe Price New Era Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Growth category average over the same months.
| Period | PRNEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $128 | $119 |
| 3 years (Jul 2023 – Jun 2026) | $145 | $147 |
| 5 years (Jul 2021 – Jun 2026) | $167 | $126 |
| Since data start (Jul 2019 – Jun 2026) | $193 | $193 |
PRNEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.28% |
| 1 year | +28.37% |
| 3 years (annualised) | +13.10% |
| 5 years (annualised) | +10.74% |
PRNEX Annual Returns
Calendar-year total returns of T. Rowe Price New Era Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +14.28% |
| 2025 | +18.91% |
| 2024 | +4.48% |
| 2023 | +1.10% |
| 2022 | +7.20% |
| 2021 | +25.34% |
| 2020 | −2.66% |
| 2019 (Jul–Dec) | +2.86% |
PRNEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.5% | +8.1% | −0.1% | +3.2% | −3.1% | −5.1% | — | — | — | — | — | — |
| 2025 | +3.3% | +0.4% | +1.0% | −6.6% | +3.7% | +4.3% | +1.0% | +5.0% | +2.7% | +0.3% | +2.4% | +0.5% |
| 2024 | −2.6% | +2.6% | +9.4% | −0.8% | +2.3% | −3.4% | +2.6% | −0.5% | +0.1% | −0.9% | +5.3% | −8.5% |
| 2023 | +5.1% | −5.2% | −0.7% | +1.4% | −7.9% | +7.4% | +7.0% | −2.2% | −1.4% | −4.5% | +1.5% | +1.9% |
| 2022 | +1.4% | +0.4% | +6.2% | −5.3% | +7.0% | −13.9% | +6.4% | +1.1% | −8.8% | +12.4% | +7.4% | −4.0% |
| 2021 | −0.8% | +7.3% | +3.7% | +3.6% | +3.3% | −2.0% | −0.4% | +1.2% | −1.1% | +7.2% | −3.7% | +5.2% |
| 2020 | −7.3% | −10.7% | −22.5% | +14.3% | +4.7% | +1.4% | +4.9% | +3.8% | −4.7% | −1.5% | +16.6% | +4.9% |
| 2019 | — | — | — | — | — | — | −2.6% | −4.9% | +2.7% | +0.4% | +1.0% | +6.6% |
PRNEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.78%
- 3-year Sharpe ratio: 0.58 (vs 4.5% risk-free rate)
- Best month: +11.53% (Jan 2026)
- Worst month: −8.54% (Dec 2024)
PRNEX Fund Flows
Monthly money in and out of T. Rowe Price New Era Fund, from SEC Form N-PORT.
- 12-month net flow: $70.4M
- 12-month gross sales (incl. reinvestments): $784.4M
- Sales ÷ redemptions: 1.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $53.5M | $190.5M | −$137.0M |
| May 2026 | $44.4M | $56.6M | −$12.3M |
| Apr 2026 | $49.9M | $84.7M | −$34.8M |
| Mar 2026 | $74.0M | $66.0M | $8.0M |
| Feb 2026 | $251.2M | $61.4M | $189.8M |
| Jan 2026 | $37.6M | $27.2M | $10.4M |
| Dec 2025 | $216.7M | $40.7M | $176.0M |
| Nov 2025 | $21.2M | $50.6M | −$29.4M |
| Oct 2025 | $11.8M | $19.7M | −$7.9M |
| Sep 2025 | $8.6M | $31.2M | −$22.6M |
| Aug 2025 | $7.3M | $46.6M | −$39.3M |
| Jul 2025 | $8.2M | $38.7M | −$30.5M |
PRNEX Assets Under Management
Net assets of T. Rowe Price New Era Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.85B |
| 2026-03-31 | $3.20B |
| 2025-12-31 | $2.47B |
| 2025-09-30 | $2.47B |
| 2025-06-30 | $2.35B |
| 2025-03-31 | $2.38B |
| 2024-12-31 | $2.33B |
| 2024-09-30 | $2.49B |
| 2024-06-30 | $2.55B |
| 2024-03-31 | $2.67B |
| 2023-12-31 | $2.55B |
| 2023-09-30 | $2.74B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.