0001486048-23-000010.txt : 20230224 0001486048-23-000010.hdr.sgml : 20230224 20230224162350 ACCESSION NUMBER: 0001486048-23-000010 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230224 DATE AS OF CHANGE: 20230224 PERIOD START: 20221231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Real Assets Fund, Inc. CENTRAL INDEX KEY: 0001486048 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22410 FILM NUMBER: 23667795 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-4981 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 0001486048 S000029428 T. Rowe Price Real Assets Fund, Inc. C000090373 T. Rowe Price Real Assets Fund, Inc. PRAFX C000159678 T. Rowe Price Real Assets Fund-I Class PRIKX C000219347 T. Rowe Price Real Assets Funds-Z Class TRZRX NPORT-P 1 primary_doc.xml NPORT-P false 0001486048 XXXXXXXX S000029428 C000090373 C000159678 C000219347 T. ROWE PRICE REAL ASSETS FUND, INC. 811-22410 0001486048 549300LFFRMLJN2FGQ21 100 East Pratt Street Baltimore 21202 410-345-2000 T. Rowe Price Real Assets Fund, Inc. S000029428 5493008NLR7XEV5QEO07 2022-12-31 2022-12-31 N 6818605809.369999 160336934.830000 6658268874.539999 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 2529592.200000 USD N REAL ASSETS FUND BLENDED BENCHMARK AUGMENTED RAFBBAUG N/A N/A 000000000 341.000000 NC -1039113.606764 -0.0156064 N/A DE CORP AU N 1 JP MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 Long S&P/ASX 200 S&P/ASX 200 INDEX 2023-03-16 41924672.073103 USD -1039113.606764 N N N N/A N/A 000000000 36.000000 NC -109701.143236 -0.00164759 N/A DE CORP AU N 1 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Long S&P/ASX 200 S&P/ASX 200 INDEX 2023-03-16 4426065.086897 USD -109701.143236 N N N N/A N/A 000000000 -255.000000 NC USD -72080.850000 -0.00108258 N/A DIR CORP US N 1 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Short United States Treasury Note/Bond US TREASURY N/B 2023-03-22 -34177606.650000 USD -72080.850000 N N N N/A N/A 000000000 -794.000000 NC USD 240796.380000 0.0036165 N/A DIR CORP US N 1 MORGAN STANLEY & COMPANY LLC 9R7GPTSO7KV3UQJZQ078 Short United States Treasury Note/Bond US TREASURY N/B 2023-03-22 -89404519.100000 USD 240796.380000 N N N N/A N/A TC9MMU7R0 121855.000000 NS USD 2463908.100000 0.0370052 Long EP CORP US Y 3 N N N N/A N/A 000000000 666457.000000 NS USD 18268186.180000 0.274368 Long EP CORP US Y 3 N N N Lilac Solutions Inc 2549003PYCNMV1SNZ851 TC6T8T2V3 696477.000000 NS USD 9506911.050000 0.142784 Long EP CORP US Y 3 N N N N/A N/A 000000000 983766.000000 NS USD 1180519.200000 0.0177301 Long EP CORP US Y 3 N N N Lilac Solutions Inc 2549003PYCNMV1SNZ851 TC696KWH6 2465817.000000 NS USD 2465817.000000 0.0370339 Long EP CORP US Y 3 N N N N/A N/A 000000000 699536.000000 NS USD 839443.200000 0.0126075 Long EP CORP US Y 3 N N N N/A N/A TC58P4SD8 62199.000000 NS USD 1257663.780000 0.0188888 Long EC CORP US Y 3 N N N FARMERS BUSINESS NETWORK INC 5493003KO0NA75DM0Y81 000000000 146876.000000 NS USD 7348206.280000 0.110362 Long EP CORP US Y 3 N N N Venture Global LNG Inc 54930011XLBUWMQUC829 000000000 37.000000 NS USD 547423.880000 0.00822171 Long EC CORP US Y 3 N N N N/A N/A 000000000 141772.000000 NS USD 141772.000000 0.00212926 Long EP CORP US Y 3 N N N N/A N/A TC2S64YY5 64540.000000 NS USD 8576849.680000 0.128815 Long EP CORP US Y 3 N N N N/A N/A 000000000 2530088.000000 NS USD 1138539.600000 0.0170996 Long EC CORP US Y 3 N N N N/A N/A TC268FIM0 252242.000000 NS USD 33520943.860000 0.503448 Long EP CORP US Y 3 N N N Venture Global LNG Inc 54930011XLBUWMQUC829 000000000 759.000000 NS USD 11229587.160000 0.168656 Long EC CORP US Y 3 N N N GOLDMAN SACHS & CO FOR8UP27PHTHYVLBNG30 000000000 1.000000 NC USD 347337.450000 0.00521663 N/A DFE CORP US N 2 GOLDMAN SACHS & CO FOR8UP27PHTHYVLBNG30 -321985500.000000 SEK 31229801.560000 USD 2023-01-13 347337.450000 N N N N/A N/A 000000000 1.000000 NC USD 1104.820000 0 N/A DIR CORP US N 2 MORGAN STANLEY & COMPANY LLC 9R7GPTSO7KV3UQJZQ078 N/A 70AP_USD-SOFR-COMPOUND Y 2023-05-18 250.000000 USD 0.000000 USD 101570000.000000 USD 854.820000 N N N DEUTSCHE BANK 7LTWFZYICNSX8D621K86 000000000 1.000000 NC USD 183165.070000 0.00275094 N/A DFE CORP NO N 2 DEUTSCHE BANK 7LTWFZYICNSX8D621K86 -29679963.230000 EUR 313171100.000000 NOK 2023-01-13 183165.070000 N N N N/A N/A 000000000 2833.000000 NC USD 12070923.000000 0.181292 N/A DE CORP US N 1 CITIGROUP GLOBAL MARKETS INC MBNUM2BPBDO7JBLYG310 Long Energy Select Sector Index ENERGY SELECT SECTOR INDEX 2023-03-17 248678397.000000 USD 12070923.000000 N N N N/A N/A 000000000 584.000000 NC USD -2216181.740000 -0.0332847 N/A DE CORP US N 1 CITIGROUP GLOBAL MARKETS INC MBNUM2BPBDO7JBLYG310 Long Materials Select Sector Index MATERIALS SELECT SECTOR INDEX 2023-03-17 50653141.740000 USD -2216181.740000 N N N DEUTSCHE BANK 7LTWFZYICNSX8D621K86 000000000 1.000000 NC USD 550124.420000 0.00826227 N/A DFE CORP NO N 2 DEUTSCHE BANK 7LTWFZYICNSX8D621K86 -31457982.590000 USD 313393860.000000 NOK 2023-01-13 550124.420000 N N N Linde PLC 8945002PAZHZLBGKGF02 000000000 168684.000000 NS USD 55021347.120000 0.826361 Long EC CORP IE N 1 N N N Mitsui Fudosan Logistics Park Inc 353800DN63EIYS760S59 000000000 3771.000000 NS 13784855.740000 0.207034 Long EC CORP JP N 2 N N N Orla Mining Ltd 529900DU63EUQ1UZKL30 000000000 3237686.000000 NS 13103780.860000 0.196805 Long EC CORP CA N 2 N N K92 Mining Inc 254900EA8H0X9FEVZU11 000000000 7755572.000000 NS 43932966.940000 0.659826 Long EC CORP CA N 2 N N N SilverCrest Metals Inc 549300M4CUMXUHSXYQ10 000000000 68005.000000 NS 406824.590000 0.00611007 Long EC CORP CA N 2 N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 000000000 283714.000000 NS 9411148.800000 0.141345 Long EC CORP ES N 2 N N N South32 Ltd 213800LAZNPXSBKVHR17 000000000 6361516.000000 NS 17440915.510000 0.261944 Long EC CORP AU N 2 N N N Shell PLC 21380068P1DRHMJ8KU70 000000000 1349957.000000 NS 38056391.690000 0.571566 Long EC CORP GB N 2 N N N Digital Core REIT Management Pte Ltd 549300IIGO612K0POE26 000000000 12325400.000000 NS USD 6785797.780000 0.101915 Long EC CORP SG N 2 N N N Northam Platinum Holdings Ltd 3789009D0712C7101695 000000000 160716.000000 NS 1767338.040000 0.0265435 Long EC CORP ZA N 2 N N N Ardagh Metal Packaging SA 5493009WKQTU4FN9G032 L02235106 1385678.000000 NS USD 6665111.180000 0.100103 Long EC CORP LU N 1 N N Epiroc AB 5493004Q73OEYW1SPE91 000000000 942037.000000 NS 15154736.740000 0.227608 Long EC CORP SE N 2 N N N Epiroc AB 5493004Q73OEYW1SPE91 000000000 1652618.000000 NS 30092704.470000 0.45196 Long EC CORP SE N 2 N N N H World Group Ltd 549300Y5ML31FVN83730 000000000 1999100.000000 NS 8523040.010000 0.128007 Long EC CORP KY N 2 N N N Scentre Group N/A 000000000 8157999.000000 NS 15880038.430000 0.238501 Long EC CORP AU N 2 N N N Boliden AB 21380059QU7IM1ONDJ56 000000000 2105218.000000 NS 79076613.620000 1.18765 Long EC CORP SE N 2 N N N Sibanye Stillwater Ltd 378900F238434B74D281 000000000 1340959.000000 NS 3555191.150000 0.0533951 Long EC CORP ZA N 2 N N N Verallia SA 5299007YZU978DE0ZY32 000000000 398201.000000 NS 13494915.680000 0.202679 Long EC CORP FR N 2 N N N Victoria Gold Corp 549300VUIN6RQ5764L78 000000000 2192007.000000 NS 11575221.600000 0.173847 Long EC CORP CA N 2 N N N Lendlease Global Commercial REIT N/A 000000000 11307010.000000 NS 5950823.140000 0.0893749 Long EC CORP SG N 2 N N N Karora Resources Inc 549300S6PWY0YYVHMC70 000000000 7899135.000000 NS 27127753.140000 0.40743 Long EC CORP CA N 2 N N Warehouses De Pauw CVA 549300HWDYC5JXC85138 000000000 631823.000000 NS 18099699.840000 0.271838 Long EC CORP BE N 2 N N N Akzo Nobel NV 724500XYIJUGXAA5QD70 000000000 204486.000000 NS 13721536.640000 0.206083 Long EC CORP NL N 2 N N N InterContinental Hotels Group PLC 2138007ZFQYRUSLU3J98 000000000 254333.000000 NS 14593323.320000 0.219176 Long EC CORP GB N 2 N N N NAC Kazatomprom JSC 5493008JG5TXJP2JSY44 000000000 1259617.000000 NS USD 35374536.180000 0.531287 Long EC CORP KZ N 2 N N N Shurgard Self Storage SA 549300J0UEIKU81XO336 000000000 328976.000000 NS 15085032.670000 0.226561 Long EC CORP LU N 2 N N N Kojamo Oyj 7437007YPUOQZ8OV1R42 000000000 944808.000000 NS 13972779.560000 0.209856 Long EC CORP FI N 2 N N N Tietto Minerals Ltd N/A 000000000 45440752.000000 NS 21876536.140000 0.328562 Long EC CORP AU N 2 N N N Great Portland Estates PLC 213800JMEDD2Q4N1MC42 000000000 1818253.000000 NS 10836706.720000 0.162756 Long EC CORP GB N 2 N N N Wheaton Precious Metals Corp 549300XSFG5ZCGVYD886 000000000 403245.000000 NS 15754549.850000 0.236616 Long EC CORP CA N 2 N N N Katitas Co Ltd N/A 000000000 563800.000000 NS 12870035.400000 0.193294 Long EC CORP JP N 2 N N N Wharf Real Estate Investment Co Ltd 529900QLPKS8U9QOPB59 000000000 3112000.000000 NS 18124723.380000 0.272214 Long EC CORP KY N 2 N N N ERO Copper Corp 549300KL8A21SEIO8I47 000000000 583653.000000 NS 8034927.560000 0.120676 Long EC CORP CA N 2 N N N TechnipFMC PLC 549300D5I93QWCJTCK36 000000000 1550959.000000 NS USD 18906190.210000 0.283951 Long EC CORP GB N 1 N N N Capricorn Metals Ltd 529900CRG304NUYMOV23 000000000 1068943.000000 NS 3351923.650000 0.0503423 Long EC CORP AU N 2 N N N Osisko Mining Inc 254900SJU6CW31RVHW15 000000000 3442091.000000 NS 8897576.440000 0.133632 Long EC CORP CA N 2 N N N Adriatic Metals PLC 549300OHAH2GL1DP0L61 000000000 3355935.000000 NS 7163333.000000 0.107586 Long EC CORP GB N 2 N N N Hoshino Resorts REIT Inc 353800DF2MUZWFL4IL56 000000000 2031.000000 NS 10938934.770000 0.164291 Long EC CORP JP N 2 N N N Granite Real Estate Investment Trust 549300A6I7CLE0ZC0396 000000000 223700.000000 NS 11412995.570000 0.171411 Long EC CORP CA N 2 N N N ALS Ltd 549300RYCQ8DMIO2J661 000000000 4844543.000000 NS 40165699.900000 0.603245 Long EC CORP AU N 2 N N N Alrosa PJSC 894500DKUWVBYZLLE651 000000000 19084530.000000 NS 25.880000 0 Long EC CORP RU N 3 N N N Central Asia Metals PLC 213800EYQBJZIT64NH43 000000000 6860118.000000 NS 20679072.170000 0.310577 Long EC CORP GB N 2 N N N Bakkafrost P/F 2138007LH7OP4V112978 000000000 314662.000000 NS 19643473.490000 0.295024 Long EC CORP FO N 2 N N N Asahi Holdings Inc 353800W25FCOFE32EM73 000000000 36700.000000 NS 536121.830000 0.00805197 Long EC CORP JP N 2 N N N MMC Norilsk Nickel PJSC 253400JPTEEW143W3E47 000000000 75310.000000 NS 0.100000 0 Long EC CORP RU N 3 N N N Royal Bafokeng Platinum Ltd N/A 000000000 40401.000000 NS 394311.890000 0.00592214 Long EC CORP ZA N 2 N N N Polyus PJSC 549300FUXVT7TF6ZKV71 000000000 63061.000000 NS 0.090000 0 Long EC CORP RU N 3 N N N Glencore PLC 2138002658CPO9NBH955 000000000 14269981.000000 NS 95161468.500000 1.42922 Long EC CORP JE N 2 N N N Franco-Nevada Corp N/A 000000000 391291.000000 NS 53338685.280000 0.801089 Long EC CORP CA N 2 N N N StorageVault Canada Inc 254900A6LDI0HRL1VD69 000000000 2029700.000000 NS 9024220.090000 0.135534 Long EC CORP CA N 2 N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 000000000 482911.000000 NS 5637262.890000 0.0846656 Long EC CORP ES N 2 N N N Industrial & Infrastructure Fund Investment Corp 353800WCHFY04YKYCI19 000000000 13461.000000 NS 15537784.330000 0.233361 Long EC CORP JP N 2 N N N Anglo American PLC 549300S9XF92D1X8ME43 000000000 290204.000000 NS 11364356.250000 0.17068 Long EC CORP GB N 2 N N N Svenska Cellulosa AB SCA 549300FW5JDRV1IJ0M67 000000000 789230.000000 NS 9995340.270000 0.150119 Long EC CORP SE N 2 N N N Sandvik AB 5299008ZUAXN43LVZF54 000000000 3493824.000000 NS 63138940.770000 0.948279 Long EC CORP SE N 2 N N N Galp Energia SGPS SA 2138003319Y7NM75FG53 000000000 1949744.000000 NS 26303289.000000 0.395047 Long EC CORP PT N 2 N N N Rhyolite Resources Ltd N/A 000000000 5805039.000000 NS 643098.860000 0.00965865 Long EC CORP CA N 2 N N N Metso Outotec Oyj 549300R0VN9C371W0E07 000000000 5140532.000000 NS 52934509.980000 0.795019 Long EC CORP FI N 2 N N N Impala Platinum Holdings Ltd 254900BZFIFB4PD2Z778 000000000 404986.000000 NS 5089405.860000 0.0764374 Long EC CORP ZA N 2 N N N Mondi PLC 213800LOZA69QFDC9N34 000000000 195262.000000 NS 3302057.630000 0.0495933 Long EC CORP GB N 2 N N N TGS ASA 549300NUPLAXPB0WYH90 000000000 695934.000000 NS 9410713.470000 0.141339 Long EC CORP NO N 2 N N N TotalEnergies SE 529900S21EQ1BO4ESM68 000000000 1658410.000000 NS 104103708.390000 1.56353 Long EC CORP FR N 2 N N N Legrand SA 969500XXRPGD7HCAFA90 000000000 105314.000000 NS 8444258.930000 0.126824 Long EC CORP FR N 2 N N N Norsk Hydro ASA 549300N1SDN71ZZ8BO45 000000000 5644755.000000 NS 42179680.120000 0.633493 Long EC CORP NO N 2 N N N Wesdome Gold Mines Ltd 254900D63U62QS84H719 000000000 7505538.000000 NS 41463385.700000 0.622735 Long EC CORP CA N 2 N N N Goodman Group N/A 000000000 1939369.000000 NS 22807666.380000 0.342546 Long EC CORP AU N 2 N N N Perseus Mining Ltd 54930054ZDGKBCW3SM26 000000000 35398362.000000 NS 50937015.160000 0.765019 Long EC CORP AU N 2 N N N Invincible Investment Corp 353800JY6M2692VAV685 000000000 22892.000000 NS 8870460.810000 0.133225 Long EC CORP JP N 2 N N N Xcel Energy Inc LGJNMI9GH8XIDG5RCM61 98389B100 88978.000000 NS USD 6238247.580000 0.0936917 Long EC CORP US N 1 N N N Weyerhaeuser Co 08IRJODWFYBI7QWRGS31 962166104 616059.000000 NS USD 19097829.000000 0.286829 Long EC CORP US N 1 N N N Westrock Co 5493004Z9TCQW68YVL89 96145D105 184257.000000 NS USD 6478476.120000 0.0972997 Long EC CORP US N 1 N N N BNP PARIBAS SECURITIES CORP RCNB6OTYUAMMP879YW96 000000000 1.000000 NC USD -23208.280000 -0.000348563 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP RCNB6OTYUAMMP879YW96 -32345263.530000 USD 171800250.000000 BRL 2023-02-02 -23208.280000 N N N Welltower Inc T6IZ0MBEG5ACZDTR7D06 95040Q104 963706.000000 NS USD 63170928.300000 0.948759 Long EC CORP US N 1 N N N Vulcan Materials Co 549300Q8LSNHAVWBNI21 929160109 214078.000000 NS USD 37487198.580000 0.563017 Long EC CORP US N 1 N N N Ventas Inc ORQTRC074CWLT3DKHT41 92276F100 915852.000000 NS USD 41259132.600000 0.619668 Long EC CORP US N 1 N N N VanEck Oil Services ETF 549300WSDUDKDJCJOV22 92189H607 70267.000000 NS USD 21364681.350000 0.320874 Long EC RF US N 1 N N United States Treasury Bill 254900HROIFWPRGM1V77 912796YA1 46700000.000000 PA USD 46467978.990000 0.697899 Long DBT UST US N 2 2023-02-16 None 0.0 N N N N N N United States Treasury Bill 254900HROIFWPRGM1V77 912796W47 111500000.000000 PA USD 109603803.130000 1.64613 Long DBT UST US N 2 2023-05-18 None 0.0 N N N N N N United Airlines Holdings Inc 98450079DA0B78DD6764 910047109 406835.000000 NS USD 15337679.500000 0.230355 Long EC CORP US N 1 N N N Union Pacific Corp 549300LMMRSZZCZ8CL11 907818108 135282.000000 NS USD 28012843.740000 0.420723 Long EC CORP US N 1 N N N Terreno Realty Corp N/A 88146M101 856415.000000 NS USD 48704321.050000 0.731486 Long EC CORP US N 1 N N N Tenaris SA 549300Y7C05BKC4HZB40 88031M109 326352.000000 NS USD 11474536.320000 0.172335 Long EC CORP LU N 1 N N N TC Energy Corp 549300UGKOFV2IWJJG27 87807B107 371087.000000 NS USD 14791527.820000 0.222153 Long EC CORP CA N 1 N N N Sun Country Airlines Holdings Inc 549300MOHOJN9GH0NJ48 866683105 1004171.000000 NS USD 15926152.060000 0.239194 Long EC CORP US N 1 N N N Steel Dynamics Inc 549300HGGKEL4FYTTQ83 858119100 756483.000000 NS USD 73908389.100000 1.11002 Long EC CORP US N 1 N N N Southwest Airlines Co UDTZ87G0STFETI6HGH41 844741108 460967.000000 NS USD 15520758.890000 0.233105 Long EC CORP US N 1 N N N Southern Copper Corp 2549007U6NAP46Q9TU15 84265V105 442257.000000 NS USD 26707900.230000 0.401124 Long EC CORP US N 1 N N N Southern Co/The 549300FC3G3YU2FBZD92 842587107 200921.000000 NS USD 14347768.610000 0.215488 Long EC CORP US N 1 N N N Simon Property Group Inc 529900GQL5X8H7AO3T64 828806109 752423.000000 NS USD 88394654.040000 1.32759 Long EC CORP US N 1 N N N Shoals Technologies Group Inc N/A 82489W107 450802.000000 NS USD 11121285.340000 0.16703 Long EC CORP US N 1 N N N Sherwin-Williams Co/The Z15BMIOX8DDH0X2OBP21 824348106 161299.000000 NS USD 38281091.670000 0.574941 Long EC CORP US N 1 N N N Sempra Energy PBBKGKLRK5S5C0Y4T545 816851109 98778.000000 NS USD 15265152.120000 0.229266 Long EC CORP US N 1 N N N Industrial Select Sector SPDR Fund 549300HQI51T8KP6U325 81369Y704 824061.000000 NS USD 80931030.810000 1.2155 Long EC RF US N 1 N N Schlumberger Ltd 213800ZUA17OK3QLGM62 806857108 190800.000000 NS USD 10200168.000000 0.153195 Long EC CORP CW N 1 N N N SPDR S&P Oil & Gas Exploration & Production ETF 5493001H1FSSB667C124 78468R556 171496.000000 NS USD 23302876.480000 0.349984 Long EC RF US N 1 N N N SPDR S&P Homebuilders ETF 549300MSE80LL1UJS132 78464A888 527723.000000 NS USD 31832251.360000 0.478086 Long EC RF US N 1 N N SL Green Realty Corp 549300VQZPJU97H3GT17 78440X887 161795.000000 NS USD 5455727.400000 0.0819391 Long EC CORP US N 1 N N SBA Communications Corp 5299001HX8ZN8Y8QIT49 78410G104 229135.000000 NS USD 64228831.850000 0.964648 Long EC CORP US N 1 N N N Royal Gold Inc 5493001NGRU6SFL04184 780287108 58722.000000 NS USD 6619143.840000 0.0994124 Long EC CORP US N 1 N N N Gecina SA 9695003E4MMA10IBTR26 000000000 67448.000000 NS 6871603.820000 0.103204 Long EC CORP FR N 2 N N N Rexford Industrial Realty Inc 549300MSLO0DF0EMX355 76169C100 1113936.000000 NS USD 60865463.040000 0.914133 Long EC CORP US N 1 N N N T Rowe Price Government Reserve Investment Fund 5493007QR86JJLYO6D96 76105YYY8 150448504.850000 NS USD 150448504.850000 2.25957 Long STIV RF US N 1 N N T. Rowe Price Treasury Reserve Fund 5493007QR86JJLYO6D96 76105Y208 203614022.270000 NS USD 203614022.270000 3.05806 Long STIV RF US N 1 N N N Reliance Steel & Aluminum Co 549300E287ZOFT3C5Z56 759509102 484444.000000 NS USD 98070843.360000 1.47292 Long EC CORP US N 1 N N N Regency Centers Corp 529900053A7X7FJ97S58 758849103 1014879.000000 NS USD 63429937.500000 0.952649 Long EC CORP US N 1 N N N Rayonier Inc HGV8VDVNL0W6SF2U9C50 754907103 799422.000000 NS USD 26348949.120000 0.395733 Long EC CORP US N 1 N N N RPM International Inc 549300TJCKW4BRXPJ474 749685103 270179.000000 NS USD 26328943.550000 0.395432 Long EC CORP US N 1 N N N Quanta Services Inc SHVRXXEACT60MMH07S24 74762E102 93282.000000 NS USD 13292685.000000 0.199642 Long EC CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 74460D109 387628.000000 NS USD 108609489.320000 1.6312 Long EC CORP US N 1 N N N Prologis Inc 529900DFH19P073LZ636 74340W103 1316919.000000 NS USD 148456278.870000 2.22965 Long EC CORP US N 1 N N N Alfa Laval AB 549300UCKT2UK88AG251 000000000 359837.000000 NS 10409127.070000 0.156334 Long EC CORP SE N 2 N N N Pioneer Natural Resources Co FY8JBF7CCL2VE4F1B628 723787107 223226.000000 NS USD 50982586.140000 0.765703 Long EC CORP US N 1 N N N Equinor ASA OW6OFBNCKXC4US5C7523 000000000 1702489.000000 NS 61187924.980000 0.918976 Long EC CORP NO N 2 N N N Pebblebrook Hotel Trust 5493004Q1NNH6JXCSI52 70509V100 1571609.000000 NS USD 21043844.510000 0.316056 Long EC CORP US N 1 N N Packaging Corp of America 549300XZP8MFZFY8TJ84 695156109 202645.000000 NS USD 25920321.950000 0.389295 Long EC CORP US N 1 N N N Tokyo Tatemono Co Ltd N/A 000000000 802200.000000 NS 9711716.060000 0.145859 Long EC CORP JP N 2 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 000000000 1682000.000000 NS 22975063.210000 0.345061 Long EC CORP HK N 2 N N N Shin-Etsu Chemical Co Ltd 353800PX8Q64N86H5W41 000000000 46900.000000 NS 5727062.800000 0.0860143 Long EC CORP JP N 2 N N N Anglo American Platinum Ltd 529900RORCZ0E5S5FX81 000000000 25206.000000 NS 2103609.700000 0.0315939 Long EC CORP ZA N 2 N N N Northern Star Resources Ltd 254900XFXCRYYZAX6M78 000000000 9621024.000000 NS 71997170.780000 1.08132 Long EC CORP AU N 2 N N N Nutrien Ltd 5493002QQ7GD21OWF963 67077M108 1294298.000000 NS USD 94522582.940000 1.41963 Long EC CORP CA N 1 N N N Nucor Corp 549300GGJCRSI2TIEJ46 670346105 510523.000000 NS USD 67292036.630000 1.01065 Long EC CORP US N 1 N N N POSCO Holdings Inc 988400E5HRVX81AYLM04 000000000 198645.000000 NS 43473840.780000 0.65293 Long EC CORP KR N 2 N N N Tokyu REIT Inc N/A 000000000 4506.000000 NS 7099619.220000 0.106629 Long EC CORP JP N 2 N N N Nippon Steel Corp 35380065QWQ4U2V3PA33 000000000 2326300.000000 NS 40363957.710000 0.606223 Long EC CORP JP N 2 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 000000000 1606000.000000 NS 29352821.830000 0.440848 Long EC CORP JP N 2 N N N Norfolk Southern Corp 54930036C8MWP850MI84 655844108 118067.000000 NS USD 29094070.140000 0.436961 Long EC CORP US N 1 N N N NextEra Energy Inc N/A 65339F770 476548.000000 NS USD 24194341.960000 0.363373 Long EP CORP US N 2 N N N NextEra Energy Inc N/A 65339F101 80035.000000 NS USD 6690926.000000 0.10049 Long EC CORP US N 1 N N N BlueScope Steel Ltd 529900H6UQI16XACWC95 000000000 2584424.000000 NS 29455280.630000 0.442386 Long EC CORP AU N 2 N N N Newmont Corp 549300VSP3RIX7FGDZ51 651639106 688003.000000 NS USD 32473741.600000 0.48772 Long EC CORP US N 1 N N N Korea Zinc Co Ltd 988400D0HSQUB1I1VO41 000000000 13502.000000 NS 6050937.950000 0.0908785 Long EC CORP KR N 2 N N N Kyoritsu Maintenance Co Ltd 353800IO2MFHL1NA0986 000000000 202700.000000 NS 9049638.030000 0.135916 Long EC CORP JP N 2 N N N IGO Ltd 2549005DZO8VGXM5QN07 000000000 2136000.000000 NS 19538746.300000 0.293451 Long EC CORP AU N 2 N N N Hongkong Land Holdings Ltd 213800XCHYNRPAYGXW28 000000000 4432400.000000 NS USD 20392654.980000 0.306276 Long EC CORP BM N 2 N N N CapitaLand Integrated Commercial Trust 54930031292WUTXF0L29 000000000 14423200.000000 NS 21998443.220000 0.330393 Long EC CORP SG N 2 N N N OZ Minerals Ltd 529900O2VBT5CL7EZT27 000000000 1856799.000000 NS 34999107.120000 0.525649 Long EC CORP AU N 2 N N N Rio Tinto Ltd 529900X2VMAQT2PE0V24 000000000 646049.000000 NS 50989796.690000 0.765812 Long EC CORP AU N 2 N N N BHP Group Ltd WZE1WSENV6JSZFK0JC28 000000000 8581329.000000 NS 265823353.420000 3.99238 Long EC CORP AU N 2 N N N Martin Marietta Materials Inc 5299005MZ4WZECVATV08 573284106 75604.000000 NS USD 25551883.880000 0.383762 Long EC CORP US N 1 N N N Marriott International Inc/MD 225YDZ14ZO8E1TXUSU86 571903202 99844.000000 NS USD 14865773.160000 0.223268 Long EC CORP US N 1 N N N Magnolia Oil & Gas Corp N/A 559663109 827063.000000 NS USD 19394627.350000 0.291286 Long EC CORP US N 1 N N N BNP PARIBAS SECURITIES CORP RCNB6OTYUAMMP879YW96 000000000 1.000000 NC USD 30932.090000 0.000464567 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP RCNB6OTYUAMMP879YW96 -171800250.000000 BRL 32537926.140000 USD 2023-01-04 30932.090000 N N N Liberty Energy Inc N/A 53115L104 326138.000000 NS USD 5221469.380000 0.0784208 Long EC CORP US N 1 N N N UPM-Kymmene Oyj 213800EC6PW5VU4J9U64 000000000 552012.000000 NS 20657055.910000 0.310247 Long EC CORP FI N 2 N N N KRC Interim Corp 549300EA7I6T15IBYS12 49446R109 611691.000000 NS USD 12955615.380000 0.194579 Long EC CORP US N 1 N N N Kilroy Realty Corp 549300CXXI18B214UN80 49427F108 472172.000000 NS USD 18258891.240000 0.274229 Long EC CORP US N 1 N N N Schneider Electric SE 969500A1YF1XUYYXS284 000000000 113190.000000 NS 15895797.850000 0.238738 Long EC CORP FR N 2 N N N JetBlue Airways Corp 54930070J9H97ZO93T57 477143101 865365.000000 NS USD 5607565.200000 0.0842196 Long EC CORP US N 1 N N N ROCKWOOL A/S 213800QRC7LNX935OZ09 000000000 32872.000000 NS 7695430.400000 0.115577 Long EC CORP DK N 2 N N N iShares MSCI Global Metals & Mining Producers ETF 549300P22YCPXTDJWG70 46434G848 961117.000000 NS USD 39405797.000000 0.591832 Long EC RF US N 1 N N International Paper Co 824LMFJDH41EY779Q875 460146103 368460.000000 NS USD 12759769.800000 0.191638 Long EC CORP US N 1 N N N Hubbell Inc 54930088VDQ6840Y6597 443510607 89982.000000 NS USD 21116975.760000 0.317154 Long EC CORP US N 1 N N N Howard Hughes Corp/The 549300BVHY25JZC1KI49 44267D107 77616.000000 NS USD 5931414.720000 0.0890834 Long EC CORP US N 1 N N N Host Hotels & Resorts Inc N/A 44107P104 647331.000000 NS USD 10389662.550000 0.156041 Long EC CORP US N 1 N N N Hilton Worldwide Holdings Inc 549300HVGPK36ICB0B89 43300A203 268287.000000 NS USD 33900745.320000 0.509153 Long EC CORP US N 1 N N N Hess Corp UASVRYNXNK17ULIGK870 42809H107 458904.000000 NS USD 65081765.280000 0.977458 Long EC CORP US N 1 N N N Halliburton Co ENYF8GB5SMQZ25S06U51 406216101 364488.000000 NS USD 14342602.800000 0.21541 Long EC CORP US N 1 N N N Frontier Group Holdings Inc 549300DT3Y2BHO6G7T02 35909R108 1630975.000000 NS USD 16750113.250000 0.251569 Long EC CORP US N 1 N N N Federal Realty Investment Trust N/A 313745101 32725.000000 NS USD 3306534.000000 0.0496606 Long EC CORP US N 1 N N N FMC Corp CKDHZ2X64EEBQCSP7013 302491303 230674.000000 NS USD 28788115.200000 0.432366 Long EC CORP US N 1 N N N Extra Space Storage Inc N/A 30225T102 74157.000000 NS USD 10914427.260000 0.163923 Long EC CORP US N 1 N N N Essex Property Trust Inc 549300TR2H2VEFX0NC60 297178105 231787.000000 NS USD 49120301.040000 0.737734 Long EC CORP US N 1 N N N West Fraser Timber Co Ltd 5493005WD1ZK6WBVR988 000000000 66668.000000 NS 4813981.060000 0.0723008 Long EC CORP CA N 2 N N N Equity Residential 5493008RACSH5EP3PI59 29476L107 1023735.000000 NS USD 60400365.000000 0.907148 Long EC CORP US N 1 N N N Equity LifeStyle Properties Inc 529900PEQG66LENB6798 29472R108 1350232.000000 NS USD 87224987.200000 1.31003 Long EC CORP US N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 29444U700 201543.000000 NS USD 132016711.290000 1.98275 Long EC CORP US N 1 N N N Toromont Industries Ltd 5493008W5EPRSLQ0B737 000000000 506208.000000 NS 36529973.180000 0.548641 Long EC CORP CA N 2 N N N Element Solutions Inc 549300FLGN6P5CU20J91 28618M106 500211.000000 NS USD 9098838.090000 0.136655 Long EC CORP US N 1 N N N EastGroup Properties Inc 31TIGQQZC4P6JMHKSW85 277276101 206438.000000 NS USD 30565210.280000 0.459056 Long EC CORP US N 1 N N N EOG Resources Inc XWTZDRYZPBUHIQBKDB46 26875P101 551179.000000 NS USD 71388704.080000 1.07218 Long EC CORP US N 1 N N N Grupo Mexico SAB de CV 529900JWLZAYET2ZGW20 000000000 3588248.000000 NS 12604396.660000 0.189304 Long EC CORP MX N 2 N N N Douglas Emmett Inc N/A 25960P109 1195448.000000 NS USD 18744624.640000 0.281524 Long EC CORP US N 1 N N N Dominion Energy Inc ILUL7B6Z54MRYCF6H308 25746U109 143620.000000 NS USD 8806778.400000 0.132268 Long EC CORP US N 1 N N N Devon Energy Corp 54930042348RKR3ZPN35 25179M103 763136.000000 NS USD 46940495.360000 0.704995 Long EC CORP US N 1 N N N Delta Air Lines Inc Q2CCMS6R0AS67HJMBN42 247361702 513966.000000 NS USD 16888922.760000 0.253653 Long EC CORP US N 1 N N N Industrias Penoles SAB de CV 549300WA2HB7776CB324 000000000 64998.000000 NS 803865.140000 0.0120732 Long EC CORP MX N 2 N N Deere & Co PWFTNG3EI0Y73OXWDH08 244199105 85738.000000 NS USD 36761024.880000 0.552111 Long EC CORP US N 1 N N N Darling Ingredients Inc L1N0SPPKS7EXZYUMZ898 237266101 407827.000000 NS USD 25525891.930000 0.383371 Long EC CORP US N 1 N N N DTE Energy Co 549300IX8SD6XXD71I78 233331107 71700.000000 NS USD 8426901.000000 0.126563 Long EC CORP US N 1 N N N Cummins Inc ZUNI8PYC725B6H8JU438 231021106 97162.000000 NS USD 23541380.980000 0.353566 Long EC CORP US N 1 N N N CubeSmart N/A 229663109 1324424.000000 NS USD 53308066.000000 0.80063 Long EC CORP US N 1 N N N Crown Holdings Inc NYLWZIOY8PUNIT4JOE22 228368106 148156.000000 NS USD 12179904.760000 0.182929 Long EC CORP US N 1 N N N Crown Castle Inc 54930012H97VSM0I2R19 22822V101 277068.000000 NS USD 37581503.520000 0.564434 Long EC CORP US N 1 N N N Vale SA 254900SMTWBX7RU2SR20 000000000 713739.000000 NS 12153423.980000 0.182531 Long EC CORP BR N 2 N N N Canadian National Railway Co 3SU7BEP7TH9YEQOZCS77 000000000 172978.000000 NS 20547844.550000 0.308606 Long EC CORP CA N 2 N N N Canadian Natural Resources Ltd 549300T15RIMIKZC5Q38 000000000 443164.000000 NS 24609675.890000 0.369611 Long EC CORP CA N 2 N N N Canadian Apartment Properties REIT 549300B1MYVTQEB2DI90 000000000 426638.000000 NS 13448234.740000 0.201978 Long EC CORP CA N 2 N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 20825C104 949298.000000 NS USD 112017164.000000 1.68238 Long EC CORP US N 1 N N N Chevron Corp N/A 166764100 387029.000000 NS USD 69467835.210000 1.04333 Long EC CORP US N 1 N N N Chesapeake Energy Corp X2MT1W32SPAZ9WSKLE78 165167735 193400.000000 NS USD 18251158.000000 0.274113 Long EC CORP US N 1 N N N ChampionX Corp 549300EP2909K6DYYP38 15872M104 445612.000000 NS USD 12918291.880000 0.194019 Long EC CORP US N 1 N N N Caterpillar Inc WRJR7GS4GTRECRRTVX92 149123101 71919.000000 NS USD 17228915.640000 0.25876 Long EC CORP US N 1 N N N Canadian Pacific Railway Ltd N/A 13645T100 257331.000000 NS USD 19194319.290000 0.288278 Long EC CORP CA N 1 N N Camden Property Trust 5493002MYX22OHYJBD89 133131102 346395.000000 NS USD 38754672.600000 0.582053 Long EC CORP US N 1 N N N Cactus Inc 549300J3T8C9F8QFKV08 127203107 277801.000000 NS USD 13962278.260000 0.209698 Long EC CORP US N 1 N N N CSX Corp 549300JVQR4N1MMP3Q88 126408103 583123.000000 NS USD 18065150.540000 0.271319 Long EC CORP US N 1 N N N CMS Energy Corp 549300IA9XFBAGNIBW29 125896100 111964.000000 NS USD 7090680.120000 0.106494 Long EC CORP US N 1 N N N CF Industries Holdings Inc 529900CG8YAQFZ2JMV97 125269100 250366.000000 NS USD 21331183.200000 0.320371 Long EC CORP US N 1 N N N Weir Group PLC/The 549300KDR56WHY9I3D10 000000000 2952018.000000 NS 59378177.760000 0.891796 Long EC CORP GB N 2 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 000000000 1528680.000000 NS 107594676.590000 1.61596 Long EC CORP GB N 2 N N N UNITE Group PLC/The 213800BBUUWVDH9YI827 000000000 1372629.000000 NS 15058698.450000 0.226165 Long EC CORP GB N 2 N N N Persimmon PLC 213800XI72Y57UWN6F31 000000000 359543.000000 NS 5271845.370000 0.0791774 Long EC CORP GB N 2 N N N Ball Corp 0BGI85ALH27ZJP15DY16 058498106 664488.000000 NS USD 33981916.320000 0.510372 Long EC CORP US N 1 N N N Baker Hughes Co N/A 05722G100 405648.000000 NS USD 11978785.440000 0.179908 Long EC CORP US N 1 N N N Avery Dennison Corp 549300PW7VPFCYKLIV37 053611109 70727.000000 NS USD 12801587.000000 0.192266 Long EC CORP US N 1 N N N AvalonBay Communities Inc K9G90K85RBWD2LAGQX17 053484101 380199.000000 NS USD 61409742.480000 0.922308 Long EC CORP US N 1 N N N Apple Hospitality REIT Inc 549300EVZAR0FBZO4F16 03784Y200 2128444.000000 NS USD 33586846.320000 0.504438 Long EC CORP US N 1 N N N Apartment Income REIT Corp N/A 03750L109 354282.000000 NS USD 12155415.420000 0.182561 Long EC CORP US N 1 N N N Apartment Investment and Management Co 549300O8FT5GJ4RU1D57 03748R747 441316.000000 NS USD 3142169.920000 0.047192 Long EC CORP US N 1 N N N American Tower Corp 5493006ORUSIL88JOE18 03027X100 390093.000000 NS USD 82645102.980000 1.24124 Long EC CORP US N 1 N N N MORGAN STANLEY & COMPANY LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.000000 NC USD 839037.070000 0.0126014 N/A DFE CORP BR N 2 MORGAN STANLEY & COMPANY LLC 9R7GPTSO7KV3UQJZQ078 -31667956.980000 USD 171800250.000000 BRL 2023-01-04 839037.070000 N N N Big Yellow Group PLC 213800W7Q4V2ZI8LIW31 000000000 656631.000000 NS 9095225.210000 0.1366 Long EC CORP GB N 2 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 02665T306 1634533.000000 NS USD 49264824.620000 0.739904 Long EC CORP US N 1 N N N Derwent London PLC 213800BXKQ9KZNUR1M61 000000000 397381.000000 NS 11373546.040000 0.170818 Long EC CORP GB N 2 N N N Ameren Corp XRZQ5S7HYJFPHJ78L959 023608102 96954.000000 NS USD 8621149.680000 0.12948 Long EC CORP US N 1 N N N Allegiant Travel Co 549300JM9OZXOHWL2K18 01748X102 128741.000000 NS USD 8753100.590000 0.131462 Long EC CORP US N 1 N N N Alexandria Real Estate Equities Inc MGCJBT4MKTQBVLNUIS88 015271109 425002.000000 NS USD 61910041.340000 0.929822 Long EC CORP US N 1 N N N Albemarle Corp HDBLS2Q6GV1LSKQPBS54 012653101 32147.000000 NS USD 6971398.420000 0.104703 Long EC CORP US N 1 N N N Alaska Air Group Inc 529900G48RT4KWLC6C27 011659109 207574.000000 NS USD 8913227.560000 0.133867 Long EC CORP US N 1 N N N Air Products and Chemicals Inc 7QEON6Y1RL5XR3R1W237 009158106 88702.000000 NS USD 27343278.520000 0.410666 Long EC CORP US N 1 N N N Acadia Realty Trust N/A 004239109 1991000.000000 NS USD 28570850.000000 0.429103 Long EC CORP US N 1 N N N AGCO Corp LYOM0B2GCF1JWXK5ZG04 001084102 68731.000000 NS USD 9532302.390000 0.143165 Long EC CORP US N 1 N N N 2022-12-31 T. ROWE PRICE REAL ASSETS FUND, INC. /s/ Alan Dupski Alan Dupski Treasurer & Vice President