# EDGAR Filing Document

**Accession Number:** 0000216907
**File Stem:** 0001099263-26-006559
**Filing Date:** 2026-5
**Character Count:** 46625
**Document Hash:** d35e2bb6c1e533876f3237589ab27cde
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-006559.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001099263-26-006559

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price New Era Fund, Inc.
- **CENTRAL INDEX KEY:** 0000216907

**ORGANIZATION NAME:**
- **EIN:** 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:** 261035168

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**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 (Series ID: S000002105)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000005477 | T. Rowe Price New Era Fund         | 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:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $3239677739.70

**Total Liabilities:** $42282028.68

**Net Assets:** $3197395711.02

**Cash Not Reported:** $5537429.92

**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 C000005477 | 11.53%               | 8.12%                | -0.08%               |
| Class ID C000166331 | 11.54%               | 8.15%                | -0.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16264824.20             | $269357471.02                              |
| Month 2  | $15864431.39             | $211884940.84                              |
| Month 3  | $14590023.08             | $-21784232.86                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANTAGE ENERGY LTD                       | ADVANTAGE ENERGY LTD                     | CUSIP: 000000000<br>LEI: 549300WK5YRPOB2DTT64 | Long             | EC               | CORP              | CA        |   1059681 | NS      | $8554537.87   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| AGNICO EAGLE MINES LTD                     | AGNICO EAGLE MINES LTD                   | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    133826 | NS      | $27164001.48  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LIQUIDE SA                             | AIR LIQUIDE SA                           | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |    206925 | NS      | $42771088.10  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| AKER BP ASA                                | AKER BP ASA                              | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |    461924 | NS      | $17076842.63  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ALAMOS GOLD INC-CLASS A                    | ALAMOS GOLD INC                          | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    320568 | NS      | $14242836.24  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP                        | ALLIANT ENERGY CORP                      | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    131195 | NS      | $9414553.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAS GOLD AND SILVER LOCKUP 4/26       | AMERICAS GOLD & SILVER CORP              | CUSIP: 03062D886<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |   2428960 | NS      | $12045212.64  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                      | ANTERO RESOURCES CORP                    | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    181500 | NS      | $7702860.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC RESOURCES LTD                          | ARC RESOURCES LTD                        | CUSIP: 000000000<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |   1273934 | NS      | $26511673.71  | 0.83%             |  |  |  | No            |                  2 | On Loan: —       |
| ARTEMIS GOLD INC                           | ARTEMIS GOLD INC                         | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |    703598 | NS      | $19093396.95  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BAKER HUGHES CO                            | BAKER HUGHES CO                          | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    946312 | NS      | $57772347.60  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL FUSE INC-CL B                          | BEL FUSE INC                             | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     42133 | NS      | $8341491.34   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                     | BP PLC                                   | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   3716481 | NS      | $29088165.87  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| CAMECO CORP                                | CAMECO CORP                              | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    458962 | NS      | $49847862.82  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES                 | CANADIAN NATURAL RESOURCES LTD           | CUSIP: 000000000<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |   1711762 | NS      | $83502386.11  | 2.61%             |  |  |  | No            |                  2 | On Loan: —       |
| CARPENTER TECHNOLOGY                       | CARPENTER TECHNOLOGY CORP                | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     65366 | NS      | $25764008.90  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                            | CATERPILLAR INC                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     45393 | NS      | $32159124.78  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION IRON LTD                          | CHAMPION IRON LTD                        | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |    977341 | NS      | $3672481.07   | 0.11%             |  |  |  | No            |                  2 | On Loan: —       |
| CHENIERE ENERGY INC                        | CHENIERE ENERGY INC                      | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    125200 | NS      | $35526752.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                               | CHEVRON CORP                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    709268 | NS      | $146747549.20 | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                             | CONOCOPHILLIPS                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    926069 | NS      | $122241108.00 | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                                | CORTEVA INC                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    223532 | NS      | $18711863.72  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG NV                                     | CSG NV                                   | CUSIP: 000000000<br>LEI: 31570078IM9ILNPQUB16 | Long             | EC               | CORP              | NL        |    103810 | NS      | $2800538.32   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyclic Materials Inc SER C CVT PFD PP      | CYCLIC MATERIALS INC PP SER C CVT PFD PP | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    659652 | NS      | $5428474.20   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DIAMONDBACK ENERGY INC                     | DIAMONDBACK ENERGY INC                   | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    150023 | NS      | $29673049.17  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Elementl Power CVT Prom Note PP            | ELEMENT POWER CVT PROM NOTE PP           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1579600 | PA      | $1579600.00   | 0.05%             | 2027-12-19      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| ENBRIDGE INC                               | ENBRIDGE INC                             | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |   1201725 | NS      | $65061391.50  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY FUELS INC                           | ENERGY FUELS INC/CANADA                  | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |   1126000 | NS      | $20549500.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| ENERGY RESERVOIR 2022 CL A-3 PREFEQ PP     | ENERGY RESERVOIR 2022 CL A-3 PREFEQ PP   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    234367 | NS      | $288271.41    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ENERGY RESERVOIR 2019 CL A-1 PREFEQ PP     | ENERGY RESERVOIR HLDG LLC TAX BLOCKER PP | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  10108939 | NS      | $4650111.94   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EOG RESOURCES INC                          | EOG RESOURCES INC                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    140814 | NS      | $20357479.98  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                   | EQT CORP                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    619200 | NS      | $39405888.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HLDS NV                        | EXPRO GROUP HOLDINGS NV                  | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |   1316506 | NS      | $22920369.46  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                           | EXXON MOBIL CORP                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    960520 | NS      | $162961823.20 | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMERS BUSINESS NETWORK INC CVT SR D PP   | FARMERS BUSINESS NETWORK INC CVT SR D PP | CUSIP: 000000000<br>LEI: 5493003KO0NA75DM0Y81 | Long             | EP               | CORP              | US        |    165071 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FIREFLY AEROSPACE INC                      | FIREFLY AEROSPACE INC                    | CUSIP: 31816X106<br>LEI: 529900JPYLDP30163X55 | Long             | EC               | CORP              | US        |    204128 | NS      | $5811524.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| FIRST QUANTUM MINERALS LTD                 | FIRST QUANTUM MINERALS LTD               | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    759570 | NS      | $18160662.93  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| FORM ENERGY SER F CVT PFD PP               | FORM ENERGY SER F CVT PFD PP             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    251671 | NS      | $5478877.67   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FRANCO-NEVADA CORP                         | FRANCO-NEVADA CORP                       | CUSIP: 000000000<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    122674 | NS      | $30375285.24  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                       | FREEPORT-MCMORAN INC                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    711223 | NS      | $41805687.94  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIKURA LTD                               | FUJIKURA LTD                             | CUSIP: 000000000<br>LEI: 353800PSDZ8VRCKVPL51 | Long             | EC               | CORP              | JP        |    871200 | NS      | $23959771.26  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| FARMERS BUSINESS NETWORK INC PP            | Farmers Business Network Inc PP          | CUSIP: TC7HUI213<br>LEI: 5493003KO0NA75DM0Y81 | Long             | EC               | CORP              | US        |    450821 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HEADWATER EXPLORATION INC                  | HEADWATER EXPLORATION INC                | CUSIP: 422096107<br>LEI: 549300XIU4JQ0GKLRG88 | Long             | EC               | CORP              | CA        |   2064425 | NS      | $19069701.14  | 0.60%             |  |  |  | No            |                  2 | On Loan: —       |
| HEIDELBERG MATERIALS AG                    | HEIDELBERG MATERIALS AG                  | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     87423 | NS      | $18449443.31  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| HEMLO MINING CORP                          | HEMLO MINING CORP                        | CUSIP: 000000000<br>LEI: 529900LAXG9T9UEN3T86 | Long             | EC               | CORP              | CA        |   1608111 | NS      | $7502437.20   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ILUKA RESOURCES LTD                        | ILUKA RESOURCES LTD                      | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |   3366125 | NS      | $15824622.31  | 0.49%             |  |  |  | No            |                  2 | On Loan: —       |
| INTERNATIONAL PAPER CO                     | INTERNATIONAL PAPER CO                   | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    587537 | NS      | $20975070.90  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERPUMP GROUP SPA                        | INTERPUMP GROUP SPA                      | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |     50825 | NS      | $1940539.08   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| IVANHOE ELECTRIC INC / US                  | IVANHOE ELECTRIC INC / US                | CUSIP: 46578C108<br>LEI: 529900CQSYGI54GDUR52 | Long             | EC               | CORP              | US        |   1125091 | NS      | $13298575.62  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMES HARDIE INDUSTRIES PLC                | JAMES HARDIE INDUSTRIES PLC              | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |    782287 | NS      | $14425964.20  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| JETTI HOLDINGS SER C CVT PFD STOCK PP      | JETTI HOLDINGS SER C CVT PFD STOCK PP    | CUSIP: TC2S64YY5<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     83662 | NS      | $5559339.90   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JETTI HOLDINGS SER D CVT PFD STOCK PP      | JETTI HOLDINGS SER D CVT PFD STOCK PP    | CUSIP: TC268FIM0<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     86580 | NS      | $11505789.36  | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JX ADVANCED METALS CORP                    | JX ADVANCED METALS CORP                  | CUSIP: 000000000<br>LEI: 353800NC6NPNKC4JEC58 | Long             | EC               | CORP              | JP        |    437100 | NS      | $9687799.93   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| KELT EXPLORATION LTD                       | KELT EXPLORATION LTD                     | CUSIP: 000000000<br>LEI: 549300OBXGWYN1VOFC24 | Long             | EC               | CORP              | CA        |   2612419 | NS      | $17596410.06  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYERA CORP                                | KEYERA CORP                              | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |    373674 | NS      | $14454315.25  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                          | KINDER MORGAN INC                        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    522890 | NS      | $17532501.70  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KION GROUP AG                              | KION GROUP AG                            | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     89611 | NS      | $4788102.56   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                           | KNIFE RIVER CORP                         | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193136 | NS      | $15769554.40  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KOBOLD METALS SER B-1 CVT PFD STOCK PP     | KOBOLD METALS SER B-1 CVT PFD STOCK PP   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    280805 | NS      | $31621900.34  | 0.99%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KOBOLD METALS SER B-PRIME CVT PFD STOCK PP | KOBOLD METALS SER B-PRIME CVT PFD STOCK  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     52878 | NS      | $5954676.18   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KODIAK GAS SERVICES INC                    | KODIAK GAS SERVICES INC                  | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    337806 | NS      | $19700845.92  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KURITA WATER INDUSTRIES LTD                | KURITA WATER INDUSTRIES LTD              | CUSIP: 000000000<br>LEI: 52990086GS2ON69UMX34 | Long             | EC               | CORP              | JP        |    160000 | NS      | $7654609.61   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| LILAC SOLUTIONS SERIES B CVT PFD STOCK PP  | LILAC SOLUTIONS SERIES B CVT PFD STOCK P | CUSIP: TC6T8T2V3<br>LEI: 2549003PYCNMV1SNZ851 | Long             | EP               | CORP              | US        |    601655 | NS      | $5968417.60   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LINDE PLC                                  | LINDE PLC                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |    153642 | NS      | $76169557.92  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA-PACIFIC CORP                     | LOUISIANA-PACIFIC CORP                   | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    274369 | NS      | $19960344.75  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI ELECTRIC CORP                   | MITSUBISHI ELECTRIC CORP                 | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |    466600 | NS      | $15261129.49  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES                | MITSUBISHI HEAVY INDUSTRIES LTD          | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    804700 | NS      | $22110468.24  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP                          | MP MATERIALS CORP                        | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |    211183 | NS      | $10191691.58  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| MUELLER INDUSTRIES INC                     | MUELLER INDUSTRIES INC                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    135400 | NS      | $15002320.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MUYUAN FOODS CO LTD-H SHS                  | MUYUAN FOODS CO LTD                      | CUSIP: 000000000<br>LEI: 3003006NCTDQW4KZR676 | Long             | EC               | CORP              | CN        |   2980000 | NS      | $14373259.20  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTE OYJ                                  | NESTE OYJ                                | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    898763 | NS      | $29207595.37  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY INC                         | NEXTERA ENERGY INC                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    301223 | NS      | $27977592.24  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NGEX MINERALS LTD                          | NGEX MINERALS LTD                        | CUSIP: 000000000<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |    467372 | NS      | $8500116.17   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NOV INC                                    | NOV INC                                  | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |   1243989 | NS      | $23399433.09  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PLC                         | NVENT ELECTRIC PLC                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    130255 | NS      | $15406561.40  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                  | ONEOK INC                                | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    411338 | NS      | $37180841.82  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OR ROYALTIES INC                           | OR ROYALTIES INC                         | CUSIP: 000000000<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    787417 | NS      | $29983091.43  | 0.94%             |  |  |  | No            |                  2 | On Loan: —       |
| ORSTED A/S                                 | ORSTED AS                                | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |   1053870 | NS      | $26134955.64  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| OVINTIV INC                                | OVINTIV INC                              | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    520388 | NS      | $30890231.68  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORP OF AMERICA                  | PACKAGING CORP OF AMERICA                | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     69059 | NS      | $14655700.98  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURCES CORP                     | PERMIAN RESOURCES CORP                   | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1278124 | NS      | $27249603.68  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                | PHILLIPS 66                              | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    192181 | NS      | $35011534.58  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PRECISION DRILLING CORP                    | PRECISION DRILLING CORP                  | CUSIP: 000000000<br>LEI: 8945003E8R4T2TZ7G795 | Long             | EC               | CORP              | CA        |    188226 | NS      | $18523570.84  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                      | QNITY ELECTRONICS INC                    | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |    160232 | NS      | $18487568.16  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORP                       | RANGE RESOURCES CORP                     | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    618851 | NS      | $27959688.18  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM INTERNATIONAL INC                      | RPM INTERNATIONAL INC                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    131983 | NS      | $13119110.20  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SANY HEAVY INDUSTRY CO LTD-H SHS           | SANY HEAVY INDUSTRY CO LTD               | CUSIP: 000000000<br>LEI: 3003001FS86S7NYOHV89 | Long             | EC               | CORP              | CN        |   4587800 | NS      | $12424727.64  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                  | SHELL PLC                                | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   2595189 | NS      | $120196288.41 | 3.76%             |  |  |  | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO/THE                    | SHERWIN-WILLIAMS CO/THE                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    102589 | NS      | $32884903.95  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOALS TECHNOLOGIES GROUP -A               | SHOALS TECHNOLOGIES GROUP INC            | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2027920 | NS      | $13343713.60  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SKEENA RESOURCES LTD                       | SKEENA RESOURCES LTD                     | CUSIP: 000000000<br>LEI: 549300DCWSQFVVZ21289 | Long             | EC               | CORP              | CA        |    671949 | NS      | $20012110.61  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| SLB LTD                                    | SLB LTD                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   1213917 | NS      | $62383194.63  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWLINE GOLD CORP                         | SNOWLINE GOLD CORP                       | CUSIP: 000000000<br>LEI: 529900VVFSE66NAIST38 | Long             | EC               | CORP              | CA        |    834869 | NS      | $8330085.34   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                   | SOLSTICE ADVANCED MATERIALS INC          | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |    189600 | NS      | $14439936.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH BOW CORP                             | SOUTH BOW CORP                           | CUSIP: 000000000<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    650223 | NS      | $21632032.52  | 0.68%             |  |  |  | No            |                  2 | On Loan: —       |
| SOUTHERN CO/THE                            | SOUTHERN CO/THE                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    207343 | NS      | $20012746.36  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COPPER CORP                       | SOUTHERN COPPER CORP                     | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     90703 | NS      | $15606358.18  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                                    | SPIE SA                                  | CUSIP: 000000000<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |    116859 | NS      | $5851788.84   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| STORA ENSO OYJ-R SHS                       | STORA ENSO OYJ                           | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |   1489626 | NS      | $17492531.31  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                          | SUNCOR ENERGY INC                        | CUSIP: 000000000<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |    926209 | NS      | $61261224.99  | 1.92%             |  |  |  | No            |                  2 | On Loan: —       |
| T. Rowe Price Government Reserve Fund      | T. Rowe Price Government Reserve Fund    | CUSIP: 76105Y109<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |   5410565 | NS      | $5410564.82   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TALON CAPITAL CORP                         | TALON CAPITAL CORP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    500564 | NS      | $5205865.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Talon Capital Sponsor LLC CL A MBR INT PP  | TALON CAPITAL SPONSOR LLC CL A MBR INT P | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    178821 | NS      | $447052.50    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TAMARACK VALLEY ENERGY LTD                 | TAMARACK VALLEY ENERGY LTD               | CUSIP: 000000000<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |   2427491 | NS      | $20067677.74  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                       | TARGA RESOURCES CORP                     | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    211150 | NS      | $52941639.50  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                             | TECHNIPFMC PLC                           | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    827342 | NS      | $57194152.46  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TENARIS SA-ADR                             | TENARIS SA                               | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    356711 | NS      | $20753445.98  | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| THAI OIL PCL-FOREIGN                       | THAI OIL PCL                             | CUSIP: 000000000<br>LEI: 549300HG5527UPZLTT69 | Long             | EC               | CORP              | TH        |   8332700 | NS      | $12403021.54  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| THYSSENKRUPP AG                            | THYSSENKRUPP AG                          | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |    246420 | NS      | $2171331.36   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TONIAN HOLD SR A NV CVT PFD UNITS PP       | TONIAN HOLDINGS NON-VOTING CVT PFD       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1796201 | NS      | $2550605.42   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TONIAN HOLD SR A VTG CVT PFD UNITS PP      | TONIAN HOLDINGS VOTING CVT PFD UNITS     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2526018 | NS      | $3586945.56   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TOTALENERGIES SE                           | TOTALENERGIES SE                         | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    610793 | NS      | $56054999.68  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| TOURMALINE OIL CORP                        | TOURMALINE OIL CORP                      | CUSIP: 000000000<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |    644597 | NS      | $30851317.85  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| GRS - SECURITY LENDING COLLATERAL          | TREASURY RESERVE FUND - Collateral       | CUSIP: 000000000<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | STIV             | RF                | US        |  40511895 | NS      | $40511894.86  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-KYMMENE OYJ                            | UPM-KYMMENE OYJ                          | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |    411613 | NS      | $12883390.41  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| URANIUM ENERGY CORP                        | URANIUM ENERGY CORP                      | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |   3572200 | NS      | $48224700.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| USA RARE EARTH INC                         | USA RARE EARTH INC                       | CUSIP: 91733P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    356492 | NS      | $5395506.42   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                         | VALERO ENERGY CORP                       | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    294867 | NS      | $72855738.36  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VAR ENERGI ASA                             | VAR ENERGI ASA                           | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | EC               | CORP              | NO        |   1992864 | NS      | $10259802.15  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC-CL A                      | VIPER ENERGY INC                         | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    398494 | NS      | $18725233.06  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTA ENERGY SAB DE CV ADR                 | VISTA ENERGY SAB DE CV                   | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |    267401 | NS      | $20180753.47  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| WARRIOR MET COAL INC                       | WARRIOR MET COAL INC                     | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |    223800 | NS      | $20846970.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| WEATHERFORD INTERNATIONAL PL               | WEATHERFORD INTERNATIONAL PLC            | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |    350335 | NS      | $33134684.30  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST FRASER TIMBER CO LTD                  | WEST FRASER TIMBER CO LTD                | CUSIP: 000000000<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    253044 | NS      | $16527624.07  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                           | WILLIAMS COS INC/THE                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1071271 | NS      | $77967103.38  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| YOKOGAWA ELECTRIC CORP                     | YOKOGAWA ELECTRIC CORP                   | CUSIP: 000000000<br>LEI: 529900MV0U7C9WWF4L22 | Long             | EC               | CORP              | JP        |    222400 | NS      | $6872997.34   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIJIN GOLD INTERNATIONAL CO                | ZIJIN GOLD INTERNATIONAL CO LTD          | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |    485400 | NS      | $11047132.93  | 0.35%             |  |  |  | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2026-05-05

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President