# EDGAR Filing Document

**Accession Number:** 0000216907
**File Stem:** 0001099263-26-002510
**Filing Date:** 2026-2
**Character Count:** 43596
**Document Hash:** 1269d74780e0cccb29aabee5f50ed4ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-002510.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001099263-26-002510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**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:** 26686441

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $2496560135.18

**Total Liabilities:** $23836907.09

**Net Assets:** $2472723228.09

**Cash Not Reported:** $2975282.55

**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 | 0.30%                | 2.35%                | 0.52%                |
| Class ID C000166331 | 0.33%                | 2.37%                | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14710012.53             | $-10205006.59                              |
| Month 2  | $30817130.16             | $18894724.57                               |
| Month 3  | $12938176.74             | $-2310931.10                               |

### 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        |   1014500 | NS      | $8677447.09   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| AGNICO EAGLE MINES LTD                     | AGNICO EAGLE MINES LTD                   | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    141620 | NS      | $24008838.60  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LIQUIDE SA                             | AIR LIQUIDE SA                           | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |    198104 | NS      | $37234432.26  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ALAMOS GOLD INC-CLASS A                    | ALAMOS GOLD INC                          | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    306900 | NS      | $11840202.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCOA CORP                                 | ALCOA CORP                               | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    295970 | NS      | $15727845.80  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP                        | ALLIANT ENERGY CORP                      | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    125600 | NS      | $8165256.00   | 0.33%             |  |  |  | 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      | $11791386.32  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| ARC RESOURCES LTD                          | ARC RESOURCES LTD                        | CUSIP: 000000000<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |   1012900 | NS      | $19002713.93  | 0.77%             |  |  |  | No            |                  2 | On Loan: —       |
| ARTEMIS GOLD INC                           | ARTEMIS GOLD INC                         | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |    673600 | NS      | $18006181.20  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| BAKER HUGHES CO                            | BAKER HUGHES CO                          | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    853069 | NS      | $38848762.26  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL FUSE INC-CL B                          | BEL FUSE INC                             | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     40337 | NS      | $6842365.31   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                     | BP PLC                                   | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   3558037 | NS      | $20750343.34  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| CAMECO CORP                                | CAMECO CORP                              | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    466584 | NS      | $42687770.16  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES                 | CANADIAN NATURAL RESOURCES LTD           | CUSIP: 000000000<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |   1464066 | NS      | $49589762.37  | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                       | CARPENTER TECHNOLOGY CORP                | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     66600 | NS      | $20968344.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                            | CATERPILLAR INC                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     58700 | NS      | $33627469.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRUS ENERGY CORP                        | CENTRUS ENERGY CORP                      | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     43960 | NS      | $10671729.60  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| CHAMPION IRON LTD                          | CHAMPION IRON LTD                        | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |   3815891 | NS      | $15369244.65  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORP                               | CHEVRON CORP                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    679031 | NS      | $103491114.71 | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                             | CONOCOPHILLIPS                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    860643 | NS      | $80564791.23  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                                | CORTEVA INC                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    214000 | NS      | $14344420.00  | 0.58%             |  |  |  | No            |                  1 | 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        |    650849 | NS      | $5356031.68   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DIAMONDBACK ENERGY INC                     | DIAMONDBACK ENERGY INC                   | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    143627 | NS      | $21591446.91  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                               | ENBRIDGE INC                             | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |   1150492 | NS      | $55028032.36  | 2.23%             |  |  |  | No            |                  1 | On Loan: —       |
| ENERGY FUELS INC                           | ENERGY FUELS INC/CANADA                  | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |   1185500 | NS      | $17237170.00  | 0.70%             |  |  |  | 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   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EOG RESOURCES INC                          | EOG RESOURCES INC                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    134811 | NS      | $14156503.11  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                   | EQT CORP                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    566187 | NS      | $30347623.20  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                         | EXPAND ENERGY CORP                       | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    244171 | NS      | $26946711.56  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HLDS NV                        | EXPRO GROUP HOLDINGS NV                  | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |   1171078 | NS      | $15633891.30  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                           | EXXON MOBIL CORP                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    831876 | NS      | $100107957.84 | 4.05%             |  |  |  | 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        |    195424 | NS      | $4371634.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                 | FIRST QUANTUM MINERALS LTD               | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    934073 | NS      | $25043813.63  | 1.01%             |  |  |  | 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      | $6158389.37   | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FRANCO-NEVADA CORP                         | FRANCO-NEVADA CORP                       | CUSIP: 000000000<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    117445 | NS      | $24344670.10  | 0.98%             |  |  |  | No            |                  2 | On Loan: —       |
| FREEPORT-MCMORAN INC                       | FREEPORT-MCMORAN INC                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    680901 | NS      | $34582961.79  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIKURA LTD                               | FUJIKURA LTD                             | CUSIP: 000000000<br>LEI: 353800PSDZ8VRCKVPL51 | Long             | EC               | CORP              | JP        |    108700 | NS      | $12054333.34  | 0.49%             |  |  |  | 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        |   1622800 | NS      | $11078384.03  | 0.45%             |  |  |  | No            |                  2 | On Loan: —       |
| HEIDELBERG MATERIALS AG                    | HEIDELBERG MATERIALS AG                  | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     85225 | NS      | $22095181.48  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| HOLCIM LTD-REG                             | HOLCIM AG                                | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |    177338 | NS      | $17263910.52  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| HUBBELL INC                                | HUBBELL INC                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     29020 | NS      | $12888072.20  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ILUKA RESOURCES LTD                        | ILUKA RESOURCES LTD                      | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |   3222617 | NS      | $12388649.79  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL PAPER CO                     | INTERNATIONAL PAPER CO                   | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    562489 | NS      | $22156441.71  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERPUMP GROUP SPA                        | INTERPUMP GROUP SPA                      | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |    301603 | NS      | $16406274.79  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| IVANHOE ELECTRIC INC / US                  | IVANHOE ELECTRIC INC / US                | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1284681 | NS      | $20529202.38  | 0.83%             |  |  |  | No            |                  1 | 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   | 0.22%             |  |  |  | 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  | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KELT EXPLORATION LTD                       | KELT EXPLORATION LTD                     | CUSIP: 000000000<br>LEI: 549300OBXGWYN1VOFC24 | Long             | EC               | CORP              | CA        |   2169891 | NS      | $12125652.23  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                          | KINDER MORGAN INC                        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    500596 | NS      | $13761384.04  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KION GROUP AG                              | KION GROUP AG                            | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |    232058 | NS      | $18336575.81  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                           | KNIFE RIVER CORP                         | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    184900 | NS      | $13007715.00  | 0.53%             |  |  |  | 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  | 1.28%             |  |  |  | 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   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KODIAK GAS SERVICES INC                    | KODIAK GAS SERVICES INC                  | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    323403 | NS      | $12095272.20  | 0.49%             |  |  |  | No            |                  1 | 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   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LINDE PLC                                  | LINDE PLC                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |    147093 | NS      | $62718984.27  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA-PACIFIC CORP                     | LOUISIANA-PACIFIC CORP                   | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    235100 | NS      | $18986676.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LUNR ROYALTIES CORP                        | LUNR ROYALTIES CORP                      | CUSIP: 550428106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     49309 | NS      | $468822.59    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES                | MITSUBISHI HEAVY INDUSTRIES LTD          | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    587300 | NS      | $14337425.80  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP                          | MP MATERIALS CORP                        | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |    208983 | NS      | $10557821.16  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| NEXTERA ENERGY INC                         | NEXTERA ENERGY INC                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    288379 | NS      | $23151066.12  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NGEX MINERALS LTD                          | NGEX MINERALS LTD                        | CUSIP: 000000000<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |    447444 | NS      | $8345463.84   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| NOV INC                                    | NOV INC                                  | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |   1041800 | NS      | $16283334.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                             | NRG ENERGY INC                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     57500 | NS      | $9156300.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PLC                         | NVENT ELECTRIC PLC                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    124700 | NS      | $12715659.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                  | ONEOK INC                                | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    393800 | NS      | $28944300.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OR ROYALTIES INC                           | OR ROYALTIES INC                         | CUSIP: 000000000<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    858200 | NS      | $30400119.49  | 1.23%             |  |  |  | No            |                  2 | On Loan: —       |
| ORSTED A/S                                 | ORSTED AS                                | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |   1008939 | NS      | $19260015.87  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| OVINTIV INC                                | OVINTIV INC                              | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    498200 | NS      | $19524458.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORP OF AMERICA                  | PACKAGING CORP OF AMERICA                | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |    113408 | NS      | $23388131.84  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURCES CORP                     | PERMIAN RESOURCES CORP                   | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |   1223631 | NS      | $17167542.93  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                | PHILLIPS 66                              | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    231665 | NS      | $29894051.60  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PRECISION DRILLING CORP                    | PRECISION DRILLING CORP                  | CUSIP: 000000000<br>LEI: 549300WF2OE8T5BP4B84 | Long             | EC               | CORP              | CA        |    180200 | NS      | $12930602.16  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                      | QNITY ELECTRONICS INC                    | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |    153400 | NS      | $12525110.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORP                       | RANGE RESOURCES CORP                     | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    478252 | NS      | $16863165.52  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM INTERNATIONAL INC                      | RPM INTERNATIONAL INC                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    126357 | NS      | $13141128.00  | 0.53%             |  |  |  | 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        |   2621600 | NS      | $7612802.75   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                  | SHELL PLC                                | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   2938114 | NS      | $108276113.29 | 4.38%             |  |  |  | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO/THE                    | SHERWIN-WILLIAMS CO/THE                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     98215 | NS      | $31824606.45  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOALS TECHNOLOGIES GROUP -A               | SHOALS TECHNOLOGIES GROUP INC            | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1311200 | NS      | $11145200.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SKEENA RESOURCES LTD                       | SKEENA RESOURCES LTD                     | CUSIP: 000000000<br>LEI: 549300DCWSQFVVZ21289 | Long             | EC               | CORP              | CA        |    643300 | NS      | $15279283.09  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| SLB LTD                                    | SLB LTD                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   1162165 | NS      | $44603892.70  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWLINE GOLD CORP                         | SNOWLINE GOLD CORP                       | CUSIP: 000000000<br>LEI: 529900VVFSE66NAIST38 | Long             | EC               | CORP              | CA        |   1078149 | NS      | $13636418.81  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH BOW CORP                             | SOUTH BOW CORP                           | CUSIP: 000000000<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    622500 | NS      | $17120960.99  | 0.69%             |  |  |  | No            |                  2 | On Loan: —       |
| SOUTHERN CO/THE                            | SOUTHERN CO/THE                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    198502 | NS      | $17309374.40  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COPPER CORP                       | SOUTHERN COPPER CORP                     | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |    104902 | NS      | $15050289.94  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                                    | SPIE SA                                  | CUSIP: 000000000<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |    180479 | NS      | $10404870.84  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| STORA ENSO OYJ-R SHS                       | STORA ENSO OYJ                           | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |   1426116 | NS      | $17805972.82  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                          | SUNCOR ENERGY INC                        | CUSIP: 000000000<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    886722 | NS      | $39356747.83  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SYENSQO SA                                 | SYENSQO SA                               | CUSIP: 000000000<br>LEI: 549300060XNJ90PLNS10 | Long             | EC               | CORP              | BE        |     73175 | NS      | $5861188.15   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| T. Rowe Price Government Reserve Fund      | T. Rowe Price Government Reserve Fund    | CUSIP: 76105Y109<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |   4116697 | NS      | $4116697.23   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TALON CAPITAL CORP                         | TALON CAPITAL CORP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    479220 | NS      | $4926381.60   | 0.20%             |  |  |  | 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    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TAMARACK VALLEY ENERGY LTD                 | TAMARACK VALLEY ENERGY LTD               | CUSIP: 000000000<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |   1909200 | NS      | $11100080.87  | 0.45%             |  |  |  | No            |                  2 | On Loan: —       |
| TARGA RESOURCES CORP                       | TARGA RESOURCES CORP                     | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    202149 | NS      | $37296490.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                             | TECHNIPFMC PLC                           | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    792069 | NS      | $35294594.64  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TECK RESOURCES LTD-B                       | TECK RESOURCES LTD                       | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    144783 | NS      | $6933657.87   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TENARIS SA-ADR                             | TENARIS SA                               | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    341502 | NS      | $13130751.90  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| THYSSENKRUPP AG                            | THYSSENKRUPP AG                          | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |    688544 | NS      | $7402259.34   | 0.30%             |  |  |  | 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   | 0.10%             |  |  |  | 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   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TOTALENERGIES SE                           | TOTALENERGIES SE                         | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    584752 | NS      | $38124666.88  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| TOURMALINE OIL CORP                        | TOURMALINE OIL CORP                      | CUSIP: 000000000<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |    520900 | NS      | $23366589.92  | 0.94%             |  |  |  | No            |                  2 | On Loan: —       |
| GRS - SECURITY LENDING COLLATERAL          | TREASURY RESERVE FUND - Collateral       | CUSIP: 000000000<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | STIV             | RF                | US        |  21265687 | NS      | $21265686.55  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-KYMMENE OYJ                            | UPM-KYMMENE OYJ                          | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |    445518 | NS      | $12879668.84  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| URANIUM ENERGY CORP                        | URANIUM ENERGY CORP                      | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |   3650600 | NS      | $42639008.00  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                         | VALERO ENERGY CORP                       | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    282296 | NS      | $45954965.84  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| VAR ENERGI ASA                             | VAR ENERGI ASA                           | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | EC               | CORP              | NO        |   1907897 | NS      | $6237690.38   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC-CL A                      | VIPER ENERGY INC                         | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    416203 | NS      | $16077921.89  | 0.65%             |  |  |  | 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        |    199300 | NS      | $9697938.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| WARRIOR MET COAL INC                       | WARRIOR MET COAL INC                     | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |    269800 | NS      | $23788266.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| WEATHERFORD INTERNATIONAL PL               | WEATHERFORD INTERNATIONAL PLC            | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |    335400 | NS      | $26248404.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST FRASER TIMBER CO LTD                  | WEST FRASER TIMBER CO LTD                | CUSIP: 000000000<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    223299 | NS      | $13661008.36  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                           | WILLIAMS COS INC/THE                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1025600 | NS      | $61648816.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIJIN GOLD INTERNATIONAL CO                | ZIJIN GOLD INTERNATIONAL CO LTD          | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |    464600 | NS      | $8701362.20   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-04

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President