TURF ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The T. Rowe Price Natural Resources ETF (TURF) is an actively managed thematic fund that concentrates on global natural resource stocks, including energy and minerals. It seeks dividends and capital growth alongside long-term return prospects, offering inflation protection and active portfolio management.
SubscribeWhat Is the T. Rowe Price Natural Resources ETF?
This is an actively managed ETF that invests in global companies in the natural resources industry. Rather than holding the underlying commodities themselves, it pursues performance by concentrating on the stocks of upstream companies that extract and develop resources.
It suits long-term investors who want protection against inflation or wish to take part in the growth of the global natural resources sector.
It is an ETF run with an active management approach by T. Rowe Price.
How Does the T. Rowe Price Natural Resources ETF Invest?
| Item | Details |
|---|---|
| Management style | Active (selected by professional managers) |
| Investment target | Global companies related to natural resources |
| Key sectors | Energy and raw materials |
| Portfolio | Diversified across dozens of holdings |
| Issuer | T. Rowe Price |
| Total expense ratio | 0.44% |
Based on bottom-up fundamental analysis, the fund selects high-quality natural resource companies that offer both growth and value. It manages risk by flexibly adjusting the portfolio in response to global supply and demand trends in commodity markets.
- Invests in companies that own real resources
- Flexible asset allocation by professional managers
T. Rowe Price Natural Resources ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $342.4M, and the total expense ratio is 0.44% per year.
Compared with other funds in the same category, it is distinguished by the portfolio discretion that comes with active management.
T. Rowe Price Natural Resources ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe natural resources sector tends to follow long-term industry cycles shaped by the expansion of global infrastructure investment and commodity demand trends, and it reacts sensitively to the macroeconomic environment.
When inflation concerns rise in the market or expectations for higher commodity prices grow, the sector is positioned to attract inflows as an alternative defensive play.
T. Rowe Price Natural Resources ETF Pros and Cons
Its strengths are inflation protection backed by real assets and flexible management, while the high volatility of commodity markets is the main risk.
💪 Key Strengths
⚠️ Points to Watch
T. Rowe Price Natural Resources ETF Alternative ETFs and Related Products
The FWD, FEOE, INFL, MGNR, and GEME shown in the table are funds in the same category that focus mainly on inflation protection or specialized themes, and they differ in expense levels and assets under management. Passive alternatives that diversify broadly across natural resource companies include GUNR and GNR, and XLE, a traditional energy sector fund, can also be compared from a portfolio allocation perspective.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 FWD | AB Disruptors ETF | $118.61 | -4.3% | $3.3B | 0.65% | 0.1% | +9.2% |
 FEOE | First Eagle Overseas Equity ETF | $55.10 | -0.1% | $2.1B | 0.50% | 1.34% | +18.5% |
 INFL | Horizon Kinetics Inflation Beneficiaries ETF | $51.24 | -0.3% | $1.6B | 0.85% | 0.78% | +17.7% |
 MGNR | American Beacon GLG Natural Resources ETF | $47.25 | -1.4% | $1.2B | 0.75% | 0.84% | +17.6% |
 GEME | Pacific North of South EM Equity Active ETF | $37.44 | -3.1% | $453.0M | 0.75% | 4.32% | +15.3% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 CTVA | Corteva Inc | 0.12% | $11.64 | +1.5% | $7.8B | 7.7 | 0.77% |
| XOM | ExxonMobil Holdings Corp | 0.09% | $187.25 | +2.2% | $770.0B | 24.1 | 2.22% |
 SHEH | Shell plc ADRhedged | 0.09% | $78.75 | +0.7% | $0.0M | - | 1.55% |
| NTR | Nutrien Ltd | 0.08% | $69.42 | +1.4% | $33.1B | 14.1 | 3.16% |
| CVX | Chevron Corp | 0.04% | $235.52 | +1.8% | $465.3B | 22.6 | 3.03% |
| BHP | BHP Group Limited ADR | 0.04% | $79.16 | -3.3% | $201.2B | 20.4 | 3.72% |
T. Rowe Price Natural Resources ETF Investor Checkpoints
If you are considering an investment in TURF, it is very important to understand the characteristics unique to the natural resources sector and the structure of active fund management. In particular, you should examine the volatility that comes with commodity cycles.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Management fee | How the expense ratio feels over a long holding period | Active-fund level |
| 📊 Concentration risk | Degree of concentration in specific industries | Regular review advised |
| 🔄 Market trends | Global commodity trends | High volatility |
Compared with broad stock market indexes, short-term performance volatility can be somewhat higher because of changes in commodity market conditions and the ups and downs of specific industry cycles such as energy and materials.
For investors who want to prepare for commodity inflation risk or bet on the long-term growth of the natural resources industry, it can serve as a useful active alternative for diversifying a portfolio.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 29, 2026.
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