Core Viewpoint - Energy stocks are experiencing a strong start to 2026 due to various factors such as increased data center energy demand and deregulation, making them appealing for investment [1] Group 1: Performance of Active ETFs - The T. Rowe Price Natural Resources ETF (TURF) has achieved a 13% return in early 2026 and a 23.2% return over the last three months, indicating strong performance [1] - TURF employs a fundamental research strategy to identify and invest in stocks related to natural resources, despite being a relatively new ETF launched in June of the previous year [1] Group 2: Investment Strategy - TURF actively invests in companies involved in the upstream extraction of minerals, agriculture, and energy products, focusing primarily on firms within the MSCI GICS natural resources sector [1] - The ETF's bottom-up approach allows for investment in companies of any market cap based on growth or value perspectives, adhering to expected sector and fundamental standards [1] Group 3: Market Risks - Geopolitical factors, particularly the U.S. attack on Venezuela, pose risks to energy prices and may introduce volatility in the market, although they could also unlock future potential for the sector [1] - Active management in TURF may provide an advantage over passive rivals in navigating these geopolitical events [1]