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Launched

T. Rowe Price Natural Resources ETF

TURFNasdaqT. Rowe PriceB

$32.90−0.39 (−1.18%)

At close: Nov 3, 2026, 4:00 PM ET

B59/ 100

Rank 7 of 14 in Natural Resources

B59/100Rank 7 of 14inNatural Resources
Intraday session: down, 79 prints from 33.29 to 32.90. Range 32.87 to 33.12. Use the arrow keys to read each point.33.0033.1033.2010 AM12 PM2 PM4 PM
Expense ratio
0.44%
Fund size
$340M
1Y total return
+23.5%
Yield · Last 12 months
No data
Holdings
96
Avg volume · 30D
74.3K sh
52W range
low $26.69high $36.69
Launched

The ETF.net TURF Grade

Based on 5 of 6 pillars

B

Score 59 out of 100

Category
Natural Resources⁠
Rank
7 of 14
Six-pillar profile for TURF. Scores out of 100: Cost 61, Risk 43, Mission not scored, Tradability 68, Holdings 76, Durability 49. Strongest: Holdings (76). Weakest: Risk (43). Based on 5 of 6 pillars.

Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B61 out of 100
    Rank 6 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 10 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 4 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A76 out of 100
    Rank 4 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 8 of 14

Our read on TURF

ETF.net Research

In short

BAn active bet on the companies that dig, drill and develop. TURF keeps at least 80% of net assets in upstream natural-resource names, holds roughly 80 of them, and charges less than the typical global thematic fund.

Stated mandate

The fund seeks long-term capital appreciation. It normally invests at least 80% of net assets in upstream natural-resource companies engaged in exploration, extraction, or development.

Why people hold it

  • Active management at 0.44%, below the 0.56% median expense ratio for its global thematic peer group.
  • The mandate is specific: at least 80% of net assets in upstream companies doing exploration, extraction or development, not the refiners and shippers further down the chain.
  • Concentrated by design at roughly 80 holdings, with managers free to mix growth and value picks rather than mirror a commodity index.
  • Rates as one of the stronger implementations in its global thematic cohort, helped by tight, orderly trading.

Worth knowing

  • Launched in 2025, so the record is short and the risk read on it is still thin.
  • Upstream resource stocks track commodity cycles closely, so the ride can be far bumpier than a broad equity fund.
  • Income is not the point: capital appreciation is the stated goal, distributions are annual, and part of a payout can be return of capital.

TURF Holdings

Holdings pillarA76 out of 100Rank 4 of 14 in Natural Resources
Asset class
Stocks
Holdings
96
Top-10 weight
37%
Largest holding
XOM.MX5.8%

Sectors

  • Materials49.8%
  • Energy34.7%
  • Consumer Staples14.5%
  • Consumer Discretionary0.8%
  • Utilities0.1%
  • Industrials0.1%

Geography

  • United States36.71%
  • Canada30.30%
  • United Kingdom8.37%
  • Australia5.98%
  • Norway4.93%
  • China3.79%
  • Finland2.24%
  • Brazil2.05%
  • Other countries (5)5.62%

Developed 88% · Emerging 12% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1XOM.MXExxonmobil Holdings Corp Common Stock5.80%105,284$19.7M5
2SHEL.LShell PLC Common Stock EUR.075.13%322,460$17.4M155
3BHP.AXBhp Group Ltd Common Stock4.00%342,988$13.6M154
4NTR.TONutrien Ltd Common Stock3.86%188,929$13.1M90
5CVXChevron Corp Common Stock USD.753.82%55,125$13M501
6ADM.DEArcher Daniels Midland Co Common Stock3.26%144,173$11.1M3
7No dataYuan Renminbi Offshore3.15%71,327,875$10.7M10
8CNQ.TOCanadian Natural Resources Common Stock3.03%183,294$10.3M107
9SU.TOSuncor Energy Inc Common Stock2.78%118,958$9.46M111
10AEM.TOAgnico Eagle Mines Ltd Common Stock2.62%53,961$8.92M106
11COPConocophillips Common Stock USD.012.62%57,789$8.9M443
12FCXFreeport Mcmoran Inc Common Stock USD.12.38%129,373$8.08M379
13TSNTyson Foods Inc Class A Common Stock USD.12.28%136,180$7.77M283
14CFCf Industries Holdings Inc Common Stock USD.012.06%56,769$7M330
15MOWI.OLMowi Asa Common Stock NOK7.52.01%288,300$6.82M106

Showing 1–15 of 96 holdings

TURF Performance

Launched Jun 11, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
TURF$12,352
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. TURF $12,352. SPY $11,146. Use the arrow keys to read each point.$10,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TURF. Periods over one year show the average yearly return.
PeriodTURF
Year to date+14.7%
1 month−1.1%
3 months+2.2%
1 year+23.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TURF
YearReturn barTURF
2026 YTD+14.7%
2025+17.1%

History from Jun 12, 2025

TURF in the news

Filtered to TURF · Natural Resources · T. Rowe

TURF Dividends

Last payment
$0.43 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.43. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 26, 2025$0.43

$10,000 in TURF 1 year ago paid $162 in dividends.

TURF Risk

Risk pillarC43 out of 100Rank 10 of 14 in Natural Resources
How much the fund’s monthly returns vary, scaled to a year.
19.7%
Annualised · 16 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.08
vs 3-month T-bills · 16 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.2%
16 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TURF Cost

Compare TURF and NANR

Overpaying vs NANR, cheapest in Natural Resources

$1,726

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TURF 0.44%

    $8,852

  • NANR 0.35% Cheapest

    $7,126

$10,000
30 years

Cost over time

  • TURF 0.44%
  • NANR 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TURF $8,852NANR $7,126

Year by year

YearTURFNANROverpaying
10$794$634$160
20$3,061$2,454$607
30$8,852$7,126$1,726

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