# EDGAR Filing Document

**Accession Number:** 0000216907
**File Stem:** 0000216907-23-000010
**Filing Date:** 2023-2
**Character Count:** 42305
**Document Hash:** 594b5ddbcad4e6e337325321a9d8c5f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000216907-23-000010.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000216907-23-000010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price New Era Fund, Inc.
- **CENTRAL INDEX KEY:** 0000216907
- **IRS NUMBER:** 520888855
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01710
- **FILM NUMBER:** 23667255

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE NEW ERA FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE ROWE INFLATION FUND INC
- **DATE OF NAME CHANGE:** 19690617

## Series and Classes Contracts Data

### T. Rowe Price New Era Fund, Inc. (Series ID: S000002105)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000005477 | T. Rowe Price New Era Fund, Inc.   | PRNEX           |
| C000166331 | T. Rowe Price New Era Fund-I Class | TRNEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** T. ROWE PRICE NEW ERA FUND, INC.

- **b. Investment Company Act file number:** 811-01710

- **c. CIK number of Registrant:** 0000216907

- **d. LEI of Registrant:** 549300H6MB24L14T9264

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price New Era Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002105

- **c. LEI of Series:** 6ZJRIJXLC5ACIIFT0T13

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3112865626.94

**Total Liabilities:** $9813880.05

**Net Assets:** $3103051746.89

**Cash Not Reported:** $2530460.57

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166331 | 12.44%               | 7.37%                | -4.01%               |
| Class ID C000005477 | 12.43%               | 7.36%                | -4.04%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1467261.25              | $334761668.63                              |
| Month 2  | $4328277.55              | $218049983.62                              |
| Month 3  | $10692554.78             | $-156072085.65                             |

### Schedule of Portfolio Investments

| Name                                            | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                             | KOBOLD METALS SER B-1 CVT PFD STOCK PP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    280805 | NS      | $7697117.77   | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lilac Solutions Inc                             | LILAC SOLUTIONS SERIES B CVT PFD STOCK P                     | CUSIP: TC6T8T2V3<br>LEI: 2549003PYCNMV1SNZ851 | Long             | EP               | CORP              | US        |    601655 | NS      | $8212590.75   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                             | TONIAN HOLDINGS VOTING CVT PFD UNITS                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2526018 | NS      | $3031221.60   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                             | TONIAN HOLDINGS NON-VOTING CVT PFD                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1796201 | NS      | $2155441.20   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FARMERS BUSINESS NETWORK INC                    | FARMERS BUSINESS NETWORK INC CVT SR D PP                     | CUSIP: 000000000<br>LEI: 5493003KO0NA75DM0Y81 | Long             | EP               | CORP              | US        |    615892 | NS      | $30813076.76  | 0.99%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture Global LNG Inc                          | VENTURE GLOBAL LNG INC SR B PP                               | CUSIP: 000000000<br>LEI: 54930011XLBUWMQUC829 | Long             | EC               | CORP              | US        |       162 | NS      | $2396828.88   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                             | ENERGY RESERVOIR 2022 CL A-3 PREFEQ PP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    234367 | NS      | $234367.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                             | JETTI HOLDINGS SER C CVT PFD STOCK PP                        | CUSIP: TC2S64YY5<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     83662 | NS      | $11118010.50  | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                             | ENERGY RESERVOIR HLDG LLC TAX BLOCKER PP                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  10108939 | NS      | $4549022.55   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                             | JETTI HOLDINGS SER D CVT PFD STOCK PP                        | CUSIP: TC268FIM0<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     86580 | NS      | $11505789.36  | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture Global LNG Inc                          | VENTURE GLOBAL LNG INC SR C PP                               | CUSIP: 000000000<br>LEI: 54930011XLBUWMQUC829 | Long             | EC               | CORP              | US        |      3124 | NS      | $46220329.76  | 1.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Linde PLC                                       | LINDE PLC                                                    | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |    249408 | NS      | $81351901.44  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                     | SOUTH32 LTD                                                  | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |   9617420 | NS      | $26367395.71  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                       | SHELL PLC                                                    | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   2180473 | NS      | $61469316.84  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                       | EPIROC AB                                                    | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |   1363859 | NS      | $21940671.22  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                                      | BOLIDEN AB                                                   | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |   1448689 | NS      | $54415941.87  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Verallia SA                                     | VERALLIA SA                                                  | CUSIP: 000000000<br>LEI: 5299007YZU978DE0ZY32 | Long             | EC               | CORP              | FR        |    556794 | NS      | $18869586.17  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                   | AKZO NOBEL NV                                                | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |    285198 | NS      | $19137519.47  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| NAC Kazatomprom JSC                             | NAC KAZATOMPROM JSC                                          | CUSIP: 000000000<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |    313505 | NS      | $8804338.12   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ERO Copper Corp                                 | ERO COPPER CORP                                              | CUSIP: 000000000<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |    784404 | NS      | $10798589.78  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnipFMC PLC                                  | TECHNIPFMC PLC                                               | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |   2384816 | NS      | $29070907.04  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/F                                  | BAKKAFROST P/F                                               | CUSIP: 000000000<br>LEI: 2138007LH7OP4V112978 | Long             | EC               | CORP              | FO        |    499170 | NS      | $31161794.75  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp                              | FRANCO-NEVADA CORP                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    130488 | NS      | $17787422.57  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                    | IBERDROLA SA                                                 | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    656791 | NS      | $7667051.54   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                              | ANGLO AMERICAN PLC                                           | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    468266 | NS      | $18337244.29  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Cellulosa AB SCA                        | SVENSKA CELLULOSA AB SCA                                     | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |   1084583 | NS      | $13735889.58  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                                      | SANDVIK AB                                                   | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |   1118912 | NS      | $20220514.40  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                            | GALP ENERGIA SGPS SA                                         | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |   3196348 | NS      | $43120771.33  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondi PLC                                       | MONDI PLC                                                    | CUSIP: 000000000<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |    260536 | NS      | $4405900.20   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TGS ASA                                         | TGS ASA                                                      | CUSIP: 000000000<br>LEI: 549300NUPLAXPB0WYH90 | Long             | EC               | CORP              | NO        |   1124341 | NS      | $15203813.86  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                | TOTALENERGIES SE                                             | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |   2610574 | NS      | $163874092.92 | 5.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                      | LEGRAND SA                                                   | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |    152220 | NS      | $12205263.26  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                 | NORSK HYDRO ASA                                              | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |   2670470 | NS      | $19954731.49  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesdome Gold Mines Ltd                          | WESDOME GOLD MINES LTD                                       | CUSIP: 000000000<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |   2080879 | NS      | $11495550.16  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd                              | PERSEUS MINING LTD                                           | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   6958744 | NS      | $10013391.26  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                 | XCEL ENERGY INC                                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    124167 | NS      | $8705348.37   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                 | WEYERHAEUSER CO                                              | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    491451 | NS      | $15234981.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Co                                     | WESTROCK CO                                                  | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |    268141 | NS      | $9427837.56   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                             | VULCAN MATERIALS CO                                          | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |    105872 | NS      | $18539245.92  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                              | UNION PACIFIC CORP                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     74439 | NS      | $15414083.73  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                      | TENARIS SA                                                   | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    500495 | NS      | $17597404.20  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                  | TC ENERGY CORP                                               | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    569073 | NS      | $22683249.78  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                            | SOUTHERN COPPER CORP                                         | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |    629722 | NS      | $38028911.58  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                 | SOUTHERN CO/THE                                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    332335 | NS      | $23732042.35  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                   | SHOALS TECHNOLOGIES GROUP INC                                | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    647604 | NS      | $15976390.68  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                         | SHERWIN-WILLIAMS CO/THE                                      | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    242860 | NS      | $57637963.80  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                   | SEMPRA ENERGY                                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    162884 | NS      | $25172093.36  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                                | SCHLUMBERGER LTD                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    292600 | NS      | $15642396.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND - Collateral | CUSIP: 76105YYY8<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |    114800 | NS      | $114800.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND              | CUSIP: 76105Y109<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |  58894398 | NS      | $58894397.67  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co                    | RELIANCE STEEL & ALUMINUM CO                                 | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     77958 | NS      | $15781817.52  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                    | RAYONIER INC                                                 | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |    527506 | NS      | $17386597.76  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                           | RPM INTERNATIONAL INC                                        | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    391901 | NS      | $38190752.45  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                             | QUANTA SERVICES INC                                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    133094 | NS      | $18965895.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                                   | ALFA LAVAL AB                                                | CUSIP: 000000000<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |    505414 | NS      | $14620282.38  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Co                    | PIONEER NATURAL RESOURCES CO                                 | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |    346531 | NS      | $79144215.09  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                     | EQUINOR ASA                                                  | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |   2677422 | NS      | $96227286.33  | 3.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Packaging Corp of America                       | PACKAGING CORP OF AMERICA                                    | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |    286238 | NS      | $36612702.58  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                       | SHIN-ETSU CHEMICAL CO LTD                                    | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     65500 | NS      | $7998349.97   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd                     | NORTHERN STAR RESOURCES LTD                                  | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |   2500021 | NS      | $18708449.21  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                     | NUTRIEN LTD                                                  | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    717344 | NS      | $52387632.32  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                           | NORFOLK SOUTHERN CORP                                        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     63914 | NS      | $15749687.88  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                              | NEXTERA ENERGY INC                                           | CUSIP: 65339F770<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    746709 | NS      | $37910415.93  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                              | NEXTERA ENERGY INC                                           | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123671 | NS      | $10338895.60  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| IGO Ltd                                         | IGO LTD                                                      | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |   3198916 | NS      | $29261614.31  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| OZ Minerals Ltd                                 | OZ MINERALS LTD                                              | CUSIP: 000000000<br>LEI: 529900O2VBT5CL7EZT27 | Long             | EC               | CORP              | AU        |   1028648 | NS      | $19389153.88  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto Ltd                                   | RIO TINTO LTD                                                | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |    161442 | NS      | $12741904.65  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                                   | BHP GROUP LTD                                                | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |   2038032 | NS      | $63132004.45  | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                   | MARTIN MARIETTA MATERIALS INC                                | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     44456 | NS      | $15024794.32  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                         | MAGNOLIA OIL & GAS CORP                                      | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1340928 | NS      | $31444761.60  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                              | LIBERTY ENERGY INC                                           | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    526816 | NS      | $8434324.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                                 | UPM-KYMMENE OYJ                                              | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |    808143 | NS      | $30241833.76  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                           | SCHNEIDER ELECTRIC SE                                        | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    156272 | NS      | $21946003.37  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCKWOOL A/S                                    | ROCKWOOL A/S                                                 | CUSIP: 000000000<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |     47698 | NS      | $11166239.93  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| International Paper Co                          | INTERNATIONAL PAPER CO                                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    525839 | NS      | $18209804.57  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                     | HUBBELL INC                                                  | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |    130380 | NS      | $30597578.40  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                       | HESS CORP                                                    | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |    721699 | NS      | $102351352.18 | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                  | HALLIBURTON CO                                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    559035 | NS      | $21998027.25  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                        | FMC CORP                                                     | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    376957 | NS      | $47044233.60  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                       | WEST FRASER TIMBER CO LTD                                    | CUSIP: 000000000<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     95134 | NS      | $6869461.73   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Element Solutions Inc                           | ELEMENT SOLUTIONS INC                                        | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    720361 | NS      | $13103366.59  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                               | EOG RESOURCES INC                                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    867068 | NS      | $112302647.36 | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                          | GRUPO MEXICO SAB DE CV                                       | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |   5800114 | NS      | $20373992.42  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                             | DOMINION ENERGY INC                                          | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    232274 | NS      | $14243041.68  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                               | DEVON ENERGY CORP                                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |   1209928 | NS      | $74422671.28  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                      | DEERE & CO                                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     57470 | NS      | $24640837.20  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                         | DARLING INGREDIENTS INC                                      | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    658667 | NS      | $41225967.53  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                   | DTE ENERGY CO                                                | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    115900 | NS      | $13621727.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                     | CUMMINS INC                                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    136198 | NS      | $32999413.42  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                  | CANADIAN NATURAL RESOURCES LTD                               | CUSIP: 000000000<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    716543 | NS      | $39790892.30  | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                                  | CONOCOPHILLIPS                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   1487145 | NS      | $175483110.00 | 5.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                    | CHEVRON CORP                                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    608764 | NS      | $109267050.36 | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp                          | CHESAPEAKE ENERGY CORP                                       | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    312700 | NS      | $29509499.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                                  | CHAMPIONX CORP                                               | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    681035 | NS      | $19743204.65  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                 | CATERPILLAR INC                                              | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     99986 | NS      | $23952646.16  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                      | CACTUS INC                                                   | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |    426010 | NS      | $21411262.60  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                 | CMS ENERGY CORP                                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    180871 | NS      | $11454560.43  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                      | CF INDUSTRIES HOLDINGS INC                                   | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    392858 | NS      | $33471501.60  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group PLC/The                              | WEIR GROUP PLC/THE                                           | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |   1095909 | NS      | $22043591.68  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Ball Corp                                       | BALL CORP                                                    | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    511547 | NS      | $26160513.58  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                 | BAKER HUGHES CO                                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    649913 | NS      | $19191930.89  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                             | AVERY DENNISON CORP                                          | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    105020 | NS      | $19008620.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                     | AMEREN CORP                                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    162536 | NS      | $14452701.12  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                  | ALBEMARLE CORP                                               | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     44808 | NS      | $9717062.88   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                  | AIR PRODUCTS AND CHEMICALS INC                               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    128855 | NS      | $39720842.30  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                       | AGCO CORP                                                    | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     99181 | NS      | $13755412.89  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** T. ROWE PRICE NEW ERA FUND, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President