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PANIX T. Rowe Price New Income Adv

  • Fund
  • PANIX
  • Price as of: Dec 08, 2016
  • $9.36
  • - $0.02
  • - 0.21%
  • Category
  • Total Bond Market

PANIX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $31 B
  • Holdings in Top 10 11.9%

52 WEEK LOW AND HIGH

$9.36
$9.32
$9.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 73.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name T. Rowe Price New Income Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Sep 30, 2002
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel O. Shackelford

Fund Description

The fund will invest at least 80% of its total assets in income-producing securities, which may include, but are not limited to, U.S. government and agency obligations, mortgage- and asset-backed securities, corporate bonds, foreign bonds, commercial mortgage-backed securities, and Treasury inflation protected securities.

PANIX - Performance

Return Ranking - Trailing

Period PANIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -11.3% 201.5% 50.29% 4
1 Yr 1.8% -12.6% 13.8% 55.94% 3
3 Yr 2.4% * -5.9% 8.2% 35.16% 2
5 Yr 2.4% * -3.1% 13.6% 51.23% 3
10 Yr 4.2% * -2.2% 9.5% 36.86% 2

* Annualized


Return Ranking - Calendar

Period PANIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.3% -33.0% 3.0% 26.94% 3
2014 3.0% -9.3% 14.9% 11.39% 1
2013 -5.6% -24.1% 40.4% 58.35% 5
2012 1.8% -100.0% 18.7% 43.38% 4
2011 1.9% -20.6% 15.5% 22.14% 2

Total Return Ranking - Trailing

Period PANIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -9.9% 204.3% 58.86% 4
1 Yr 1.8% -12.6% 16.3% 44.29% 3
3 Yr 2.4% * -7.2% 8.2% 29.85% 2
5 Yr 2.4% * -3.9% 13.6% 46.30% 3
10 Yr 4.2% * -2.2% 9.5% 34.09% 2

* Annualized


Total Return Ranking - Calendar

Period PANIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.3% -32.5% 4.5% 47.98% 4
2014 3.0% -8.3% 16.8% 31.11% 2
2013 -4.9% -12.9% 58.5% 67.75% 5
2012 2.7% -100.0% 35.2% 54.55% 4
2011 2.6% -20.7% 18.1% 39.53% 3

NAV & Total Return History

PANIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PANIX Category Low Category High PANIX % Rank Quintile
Net Assets 31 B 319 K 176 B 0.92% 1
Number of Holdings 1760 1 17569 2.14% 1
Net Assets in Top 10 3.87 B -36 B 36.7 B 1.68% 1
Weighting of Top 10 11.9% 0.0% 1167.9% 28.54% 5

Top 10 Holdings

  1. Fed Natl Mort Assc 3% 1.32%
  2. US Treasury Bond 3.125% 1.30%
  3. US Treasury Bond 3% 1.30%
  4. US Treasury Note 1.375% 1.15%
  5. T. Rowe Price Instl High Yield 1.08%
  6. FNMA 3.5% 1.08%
  7. US Treasury Note 1.25% 1.03%
  8. Fed Natl Mort Assc 3.5% 1.00%
  9. US Treasury Note 0.625% 0.98%
  10. T. Rowe Price Instl Floating Rate 1.65%

Asset Allocation

Weighting Category Low Category High PANIX % Rank Quintile
Bonds
89.85% -175.98% 1241.14% 18.72% 4
Cash
9.85% -1141.94% 275.92% 8.55% 2
Convertible Bonds
0.17% 0.00% 12.73% 4.73% 2
Preferred Stocks
0.11% -0.45% 17.66% 6.82% 2
Stocks
0.01% -3.27% 98.55% 5.80% 2
Other
0.00% -30.13% 98.36% 13.68% 4

Stock Sector Breakdown

Weighting Category Low Category High PANIX % Rank Quintile
Communication Services
0.01% -0.57% 7.99% 3.75% 1
Financial Services
0.00% -0.47% 18.48% 7.95% 3
Real Estate
0.00% -0.28% 15.77% 4.64% 3
Industrials
0.00% -0.83% 11.30% 5.19% 3
Healthcare
0.00% -0.69% 11.85% 4.42% 3
Technology
0.00% -1.56% 19.47% 5.19% 3
Energy
0.00% -0.88% 10.43% 5.41% 3
Utilities
0.00% -0.13% 4.35% 5.41% 3
Consumer Defense
0.00% -0.34% 13.63% 4.75% 3
Consumer Cyclical
0.00% -0.36% 11.97% 5.74% 3
Basic Materials
0.00% -0.43% 11.11% 5.08% 3

Stock Geographic Breakdown

Weighting Category Low Category High PANIX % Rank Quintile
US
0.01% -2.63% 92.41% 5.34% 2
Non US
0.00% -1.22% 96.95% 3.10% 3

Bond Sector Breakdown

Weighting Category Low Category High PANIX % Rank Quintile
Securitized
47.54% 0.00% 105.84% 4.93% 1
Corporate
26.38% 0.00% 221.70% 22.99% 4
Government
14.74% -389.49% 1167.69% 18.62% 3
Cash & Equivalents
9.85% -1141.94% 416.01% 8.49% 2
Municipal
1.01% 0.00% 98.41% 9.41% 2
Derivative
-0.03% -513.07% 38.63% 2.64% 5

Bond Geographic Breakdown

Weighting Category Low Category High PANIX % Rank Quintile
US
81.28% -370.09% 982.00% 14.50% 3
Non US
8.57% -45.82% 351.70% 19.38% 4

PANIX - Expenses

Operational Fees

PANIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.82% 0.00% 42.51% 10.48% 3
Management Fee 0.38% 0.00% 2.15% 2.95% 2
12b-1 Fee 0.25% 0.00% 1.00% 1.91% 2
Administrative Fee 0.15% 0.00% 0.63% 1.66% 4

Sales Fees

PANIX Fees (% of AUM) Category Low Category High PANIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PANIX Fees (% of AUM) Category Low Category High PANIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PANIX Fees (% of AUM) Category Low Category High PANIX Rank Quintile
Turnover 73.70% 0.00% 1856.00% 11.30% 3

PANIX - Distributions

Dividend Yield Analysis

PANIX Category Low Category High PANIX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.30% 19.32% 3

Dividend Distribution Analysis

PANIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PANIX Category Low Category High PANIX % Rank Quintile
Net Income Ratio 2.13% -1.76% 17.13% 13.38% 3

Capital Gain Distribution Analysis

PANIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PANIX - Managers

Daniel O. Shackelford

Manager

Start Date

Dec 01, 2002

Tenure

14.01

Tenure Rank

1.6%

Dan Shackelford is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company. He is a portfolio manager and member of the portfolio strategy team for the core and core plus mandates in the Fixed Income Division. Dan is president and chairman of the Investment Advisory Committees of the New Income, Inflation Protected Bond, and Inflation Focused Bond Funds. He also chairs the Fixed Income Derivatives Committee and is a member of the firm's Asset Allocation Committee. Prior to joining the firm in 1999, Dan was the principal and head of fixed income for Investment Counselors of Maryland. He earned a B.S. in business administration from the University of North Carolina at Chapel Hill and an M.B.A. in finance from Duke University, The Fuqua School of Business, where he was a Fuqua Scholar. Dan also earned his Chartered Financial Analyst (CFA) designation and is a former president of the Baltimore CFA Society.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.12

Category Mode

1.9