Global Natural Resources Equity Fund

Overview

The Global Natural Resources Equity Fund is a mutual fund managed by T. Rowe Price that focuses on investing in a diversified portfolio of companies engaged in the exploration, production, and distribution of natural resources worldwide. The fund aims to achieve long-term capital growth by targeting well-managed companies with attractive long-term supply-demand fundamentals in sectors such as energy, mining, and agriculture. The fund employs a global investment approach, assessing resource and commodity cycles, industry valuations, and company fundamentals to construct a broadly diversified portfolio. This strategy helps manage risk relative to highly concentrated energy or gold-focused investments. The fund also considers environmental, social, and governance (ESG) factors, integrating them into the investment process alongside financial and macroeconomic analyses. By investing in companies that own or develop natural resources and other basic commodities, the fund seeks to capitalize on global economic growth and infrastructure development. Its diversified holdings include companies involved in refining, paper manufacturing, steel fabrication, and petrochemicals, providing exposure to various stages of the natural resources value chain. The fund's investment philosophy centers on active management, aiming to identify opportunities that offer the potential for superior returns over the long term. This approach involves continuous monitoring of global markets and industries to adapt to changing economic conditions and capitalize on emerging trends. As of May 13, 2026, the fund's assets under management were approximately $101 million, with a management fee of 1.600% and total expenses of 1.770%. The fund's benchmark is the MSCI World Select Natural Resources NR USD index. Please note that investing in the Global Natural Resources Equity Fund involves risks, including the possible loss of principal. Past performance is not a guarantee of future results, and investors should consider their investment objectives and risk tolerance before investing.

Investment Focus

• Management fee: 1.600%
• Total expenses: 1.770%

Portfolio Companies