T. Rowe Price Real Assets Fund, Inc.
PRAFX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- The Gate, Level 15, Office 24Dubai,Dubai XXXXXXUnited Arab Emirates MD United States of America
- IPO Date
- Jul 29, 2010
- CIK
- 0001486048
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Real Assets Fund, Inc. (PRAFX) is an open-end mutual fund that seeks total return through capital appreciation and current income by investing primarily in equity securities of companies that derive a substantial portion of revenues from real assets, including those engaged in energy, natural resources, and real estate activities; the fund allocates across sectors such as basic materials (approximately 37%), real estate (approximately 37%), and energy (approximately 20%), with top holdings including Welltower Inc., Equinix Inc., and Prologis Inc.; it maintains a diversified portfolio with about 57% in U.S. stocks, 41% in non-U.S. stocks, and minor cash positions, benchmarked against a composite index comprising MSCI ACWI indices for metals & mining, energy, materials, gold, and real estate benchmarks. Launched on July 28, 2010, and domiciled in the United States, the fund is managed by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, with total net assets of approximately $11.3 billion as of recent data; it features a net expense ratio of 0.90-0.95%, a minimum initial investment of $2,500, and is available to individual and institutional investors through no-load share classes. In recent developments, the fund continues under the management of Richard Coghlan and Christopher Faulkner-MacDonagh, who assumed roles in August 2018, amid stable portfolio turnover of around 65%; while no fund-specific acquisitions or launches were reported in 2024-2025, parent company T. Rowe Price Group pursued strategic growth, including a September 2025 partnership with Goldman Sachs Asset Management involving a $1 billion investment and debut joint model portfolio offerings for private markets and retirement plans, alongside expansion targets in alternatives to $75 billion AUM by year-end and a transition to Charles River's enterprise investment management system in December 2025; these initiatives support broader diversification amid market shifts like deglobalization.