T. Rowe Price Real Assets Fund, Inc.
Actively managed global stock fund
As of its 2026 Q2 report, T. Rowe Price Real Assets Fund, Inc. held 376 positions with $10.21B in net assets. Its ten largest holdings made up 20.9% of the fund. The PRAFX share class costs 0.9% a year. Over the 12 months to May 2026, PRAFX returned 38.8%, with dividends reinvested. In 2026 Q2 it added 79 new positions and exited 74.
The fund seeks to provide long-term growth of capital.
The fund invests at least 80% of assets in real assets and companies deriving at least 50% of profits or revenues from real assets—including energy, natural resources, real estate, basic materials, utilities, infrastructure, and commodities—selected through bottom-up fundamental analysis to identify high-quality companies expected to outperform during periods of high or rising inflation. The fund maintains significant exposure to real estate through REITs and invests globally across all market capitalizations in both U.S. and non-U.S. companies, including emerging markets. Because security selection depends on the adviser's forecasts of inflation and sector outperformance, fund returns may diverge from broader equity markets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
WELLWELLTOWER INC | 4.03% | $411.06M | 1.8M | $226.97 |
EQIXEQUINIX INC | 3.25% | $332.23M | 318.7K | $1,042.39 |
PLDPROLOGIS INC | 2.31% | $236.33M | 1.7M | $135.47 |
TRPGRIAT. Rowe Price Government Reserve Fund | 1.92% | $195.61M | — | — |
BHP GROUP LTD | 1.86% | $189.94M | 4.6M | $41.67 |
1.64% | $167.37M | 748.3K | $223.65 | |
1.55% | $158.48M | 2.5M | $62.89 | |
VTRVENTAS INC | 1.50% | $152.91M | 1.7M | $88.80 |
FRANCO-NEVADA CORP | 1.42% | $144.75M | 693.7K | $208.66 |
AGNICO EAGLE MINES LTD | 1.38% | $140.76M | 905.9K | $155.37 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 376 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.78% |
| Cash & short-term | 2.60% |
| Bonds | 0.68% |
| Derivatives | -0.28% |
Look-through blends 5 underlying funds; 0.425% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
By sector
- International
- 38.3%
- Real Estate
- 30.2%
- Energy
- 10.6%
- Materials
- 8.0%
- 8 other sectors
- 12.9%
- International
- 38.3%
- Real Estate
- 30.2%
- Energy
- 10.6%
- Materials
- 8.0%
- Other
- 5.6%
- Cash
- 2.6%
- Industrials
- 2.2%
- Utilities
- 0.8%
- Government
- 0.7%
- Information Technology
- 0.5%
- Consumer Discretionary
- 0.4%
- Financials
- 0.1%
How it has done
PRAFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.79%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.90% | +38.79% | +65.29% | +49.63% | -11.55% | |
| 0.67% | +39.22% | +66.47% | +51.44% | -11.54% | |
| 0.00% | +40.09% | +69.99% | +56.69% | -11.29% |
These classes hold the same portfolio, so the 7.06pp spread over 5 years is the cost difference between them — roughly 1.41pp a year — not a difference in what they own.
Fees & fund details
T. Rowe Price Real Assets Fund, Inc. is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.00% – 0.90%· PRAFX 0.90%
- Portfolio turnover
- 48.30% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
79 new· the largest 8
74 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Zero-coupon or unclassified | 97.2% |
| Fixed rate | 2.8% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 97.2% |
| 1-3y | 2.8% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
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