Morningstar Fund Report  | 05/04/2025Print

T. Rowe Price Funds SICAV - Global Natural Resources Equity Fund A USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
T. Rowe Price Funds SICAV - Global Natural Resources Equity Fund A USD
Fund24.118.3-4.74.10.8
+/-Cat6.58.7-1.18.1-0.5
+/-B’mrk-3.4-11.72.210.8-3.2
 
Category: Sector Equity Natural Resources
Category Benchmark: Morningstar Gbl Upstm Nat R...
Key Stats
NAV
04/04/2025		 USD 9.47
Day Change -6.07%
Morningstar Category™ Sector Equity Natural Resources
ISIN LU0272423673
Fund Size (Mil)
04/04/2025		 USD 109.87
Share Class Size (Mil)
04/04/2025		 USD 14.44
Max Initial Charge 5.00%
Ongoing Charge
17/02/2025		  1.77%
Investment Objective: T. Rowe Price Funds SICAV - Global Natural Resources Equity Fund A USD
To increase the value of its shares, over the long term, through growth in the value of its investments.
Returns
Trailing Returns (GBP)04/04/2025
YTD-9.43
3 Years Annualised-2.00
5 Years Annualised12.14
10 Years Annualised3.29
12 Month Yield 0.00
Management
Manager Name
Start Date
Richard de los Reyes
01/05/2024
Shinwoo Kim
01/06/2021
Inception Date
05/11/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI World Slct Natural Resources NR USDMorningstar Gbl Upstm Nat Res NR USD
Portfolio Profile for  T. Rowe Price Funds SICAV - Global Natural Resources Equity Fund A USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.970.0098.97
Bond0.000.000.00
Property0.000.000.00
Cash1.030.001.03
Other0.000.000.00
Top 5 Regions%
United States67.66
Canada13.47
Eurozone9.37
United Kingdom4.52
Europe - ex Euro1.81
Top 5 Sectors%
Energy63.57
Basic Materials28.04
Industrials3.29
Utilities3.07
Consumer Cyclical1.46
Top 5 HoldingsSector%
Exxon Mobil CorpEnergyEnergy5.22
ConocoPhillipsEnergyEnergy4.10
Shell PLCEnergyEnergy4.08
Chevron CorpEnergyEnergy3.82
Williams Companies IncEnergyEnergy2.99
Increase Decrease New since last portfolio
T. Rowe Price Funds SICAV - Global Natural Resources Equity Fund A USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  T. Rowe Price Funds SICAV - Global Natural Resources Equity Fund A USD
Category:  Sector Equity Natural Resources
Category Index:  Morningstar Gbl Upstm Nat Res NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.8010.53-7.0124.0618.27-4.684.050.77
+/- Category2.43-2.65-18.796.518.67-1.158.12-0.52
+/- Category Index-9.60-3.52-5.24-3.42-11.732.1710.85-3.19
% Rank in Category4068843237561262
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-6.07   -3.23-2.12
1 Week-10.48   -4.93-5.85
1 Month-6.56   -2.69-4.98
3 Months-11.43   -5.41-9.49
6 Months-12.51   -1.57-4.91
YTD-9.43   -6.13-9.39
1 Year-15.64   -4.19-5.71
3 Years Annualised-2.00   2.131.46
5 Years Annualised12.14   -2.06-1.64
10 Years Annualised3.29   -3.01-4.33
 
Category: Sector Equity Natural Resources
Category Index: Morningstar Gbl Upstm Nat Res NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.77---
20249.07-2.12-4.592.16
2023-4.70-2.8510.13-6.52
202212.90-7.895.927.37
20219.784.151.756.64
2020-31.2519.080.6412.87
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average5 star
5-YearAverageBelow Average4 star
10-YearBelow AverageBelow Average3 star
OverallAverageBelow Average4 star
 
Category :  Sector Equity Natural ResourcesClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.63 %
3-Yr Mean Return2.92 %
 
3-Yr Sharpe Ratio-0.07
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Upstm Nat Res NR USD  Morningstar Global Enrg TME NR USD
3-Yr Beta0.960.89
3-Yr Alpha3.14-7.06
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 44384-
Market Capitalisation% of Equity
Giant20.17
Large30.03
Medium37.43
Small10.03
Micro2.34
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.251.31
Price/Book1.831.14
Price/Sales1.201.04
Price/Cash Flow7.540.99
Dividend-Yield Factor3.161.10
 
Long-Term Projected Earnings Growth10.080.75
Historical Earnings Growth-6.370.48
Sales Growth5.931.57
Cash-Flow Growth-4.33-0.15
Book-Value Growth8.081.21
 
Category: Sector Equity Natural Resources
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.970.0098.97
Bond0.000.000.00
Property0.000.000.00
Cash1.030.001.03
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States67.662.34
Canada13.470.49
Latin America0.000.00
United Kingdom4.520.42
Eurozone9.372.27
Europe - ex Euro1.810.28
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan1.810.92
Australasia1.360.14
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Sector Equity Natural Resources
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials28.040.40
Consumer CyclicalConsumer Cyclical1.460.49
UtilitiesUtilities3.077.17
EnergyEnergy63.573.28
IndustrialsIndustrials3.290.78
TechnologyTechnology0.580.61
 
Category: Sector Equity Natural Resources
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings96
Total Number of Bond Holdings0
Assets in Top 10 Holdings32.76
NameSectorCountry% of Assets
Exxon Mobil Corp309United States5.22
ConocoPhillips309United States4.10
Shell PLC309United Kingdom4.08
Chevron Corp309United States3.82
Williams Companies Inc309United States2.99
Linde PLC101United States2.95
TotalEnergies SE309France2.62
EOG Resources Inc309United States2.59
Targa Resources Corp309United States2.29
Enbridge Inc309Canada2.12
 
Increase Decrease New since last portfolio
Category: Sector Equity Natural Resources
 
Management
Name of CompanyT. Rowe Price (Luxembourg) Management S.à r.l.
Phone+441268466339
Websitewww.troweprice.com
Address35, Boulevard du Prince Henri
 Luxembourg   L-1724
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date05/11/2007
Fund Advisor(s)
T. Rowe Price International Ltd
Fund ManagerRichard de los Reyes
Manager Start Date01/05/2024
Career Start Year1996
 
Biography
Richard de los Reyes has been cochairman of the committee since 2018. He joined T. Rowe Price Associates, Inc. in 2006 and his investment experience dates from 1996. During the past years, he has served as a portfolio manager focusing on the Firm’s global metals and mining sector and global allocation strategies.
Fund ManagerShinwoo Kim
Manager Start Date01/06/2021
 
Biography
Shinwoo Kim is the portfolio manager for the Global Natural Resources Equity Strategy, including the New Era Fund. He is the president and chairman of the fund’s Investment Advisory Committee. In addition, Shinwoo is a member of the Investment Advisory Committees of the US Large-Cap Value Equity and US Large-Cap Equity Income Strategies. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. Shinwoo has been with T. Rowe Price since 2009, beginning in the U.S. Equity Division as an investment analyst covering energy. Prior to joining the firm, he served as a summer equity research analyst for MFS Investment Management, focusing on the railroad industry. He also was a senior consultant/engineer for AT&T, Inc., and a managed network operation engineer for Sprint Corp. Shinwoo earned a dual B.S., magna cum laude, in electrical engineering and computer engineering from North Carolina State University and an M.B.A. in finance from the University of Pennsylvania, The Wharton School.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.60%
Ongoing Charge1.77%
Purchase Details
Minimum Investments
Initial1000  USD
Additional100  USD
Savings-
Tax Free Savings Schemes
ISAsYes