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PANIX T. Rowe Price New Income Adv

  • Fund
  • PANIX
  • Price as of: Sep 17, 2019
  • $9.65 + $0.01 + 0.10%

PANIX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $25.8 B
  • Holdings in Top 10 23.0%

52 WEEK LOW AND HIGH

$9.65
$8.97
$9.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

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

BROKERAGE FEES

  • Turnover 139.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core Bond

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 1.3%
  • 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 Stephen L. Bartolini

Fund Description

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

PANIX - Performance

Return Ranking - Trailing

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -0.2% 18.3% 26.11%
1 Yr 6.0% -4.4% 15.6% 18.94%
3 Yr -0.1%* -3.0% 9.3% 46.69%
5 Yr 0.4%* -14.8% 3.5% 24.30%
10 Yr 0.4%* -8.7% 6.5% 38.06%

* Annualized


Return Ranking - Calendar

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.6% -13.7% 6.9% 78.24%
2017 1.3% -6.5% 21.2% 42.19%
2016 0.1% -58.1% 8.6% 38.08%
2015 -2.3% -24.0% 2.6% 70.96%
2014 3.0% -60.4% 83.0% 43.40%

Total Return Ranking - Trailing

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -0.2% 18.3% 27.08%
1 Yr 6.0% -4.4% 15.6% 21.38%
3 Yr -0.1%* -3.0% 9.3% 56.17%
5 Yr 0.4%* -14.8% 5.5% 40.51%
10 Yr 0.8%* -8.7% 7.0% 40.58%

* Annualized


Total Return Ranking - Calendar

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.6% -13.7% 6.9% 82.53%
2017 1.3% -6.5% 27.0% 52.68%
2016 0.1% -58.1% 10.7% 44.39%
2015 -2.3% -14.6% 4.2% 78.29%
2014 3.0% -60.4% 83.0% 51.86%

NAV & Total Return History

PANIX - Holdings

Concentration Analysis

PANIX Category Low Category High PANIX % Rank
Net Assets 25.8 B 701 K 241 B 2.86%
Number of Holdings 1507 1 17412 9.89%
Net Assets in Top 10 6.46 B -179 M 23.7 B 1.68%
Weighting of Top 10 23.01% 2.5% 212.7% 46.52%

Top 10 Holdings

  1. Federal National Mortgage Association 3.5% 6.46%

  2. United States Treasury Notes 2.88% 4.01%

  3. United States Treasury Notes 2.88% 2.08%

  4. T. Rowe Price Instl Floating Rate 1.84%

  5. United States Treasury Notes 2.12% 1.50%

  6. United States Treasury Bonds 3% 1.48%

  7. Federal National Mortgage Association 4% 1.46%

  8. United States Treasury Bonds 3.12% 1.44%

  9. United States Treasury Bonds 2.88% 1.43%

  10. Federal National Mortgage Association 3% 1.31%


Asset Allocation

Weighting Return Low Return High PANIX % Rank
Bonds
97.38% 80.17% 129.72% 51.61%
Cash
1.96% -37.85% 22.95% 49.08%
Convertible Bonds
0.63% 0.00% 6.30% 26.70%
Preferred Stocks
0.02% -1.25% 4.10% 11.65%
Stocks
0.01% -14.50% 14.08% 7.33%
Other
0.00% -16.03% 27.53% 9.71%

Stock Sector Breakdown

Weighting Return Low Return High PANIX % Rank
Consumer Cyclical
0.01% 0.00% 22.53% 9.66%
Utilities
0.00% 0.00% 24.74% 12.48%
Technology
0.00% 0.00% 21.18% 6.98%
Real Estate
0.00% 0.00% 19.91% 9.93%
Industrials
0.00% 0.00% 34.84% 15.44%
Healthcare
0.00% 0.00% 38.22% 12.75%
Financial Services
0.00% 0.00% 22.00% 22.15%
Energy
0.00% 0.00% 9.51% 31.68%
Communication Services
0.00% 0.00% 18.86% 11.41%
Consumer Defense
0.00% 0.00% 9.55% 8.05%
Basic Materials
0.00% 0.00% 10.36% 10.74%

Stock Geographic Breakdown

Weighting Return Low Return High PANIX % Rank
US
0.01% -14.50% 12.26% 6.78%
Non US
0.00% 0.00% 4.63% 3.66%

Bond Sector Breakdown

Weighting Return Low Return High PANIX % Rank
Securitized
49.40% 0.00% 141.25% 9.34%
Corporate
29.94% -1.23% 99.47% 30.37%
Government
18.72% -74.40% 115.78% 33.44%
Cash & Equivalents
1.96% -37.85% 22.95% 46.56%
Municipal
0.00% 0.00% 106.42% 76.41%
Derivative
-0.02% -24.73% 33.80% 91.87%

Bond Geographic Breakdown

Weighting Return Low Return High PANIX % Rank
US
82.14% 66.38% 150.14% 86.08%
Non US
15.24% -43.03% 26.38% 7.25%

PANIX - Expenses

Operational Fees

PANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.00% 209.96% 43.21%
Management Fee 0.38% 0.00% 1.25% 44.32%
12b-1 Fee 0.25% 0.00% 1.00% 30.73%
Administrative Fee 0.15% 0.00% 0.63% 71.30%

Sales Fees

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

Trading Fees

PANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 139.40% 0.00% 1856.00% 82.47%

PANIX - Distributions

Dividend Yield Analysis

PANIX Category Low Category High PANIX % Rank
Dividend Yield 1.30% 0.00% 95.96% 56.30%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PANIX Category Low Category High PANIX % Rank
Net Income Ratio 2.65% -0.18% 4.99% 43.18%

Capital Gain Distribution Analysis

PANIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PANIX - Managers

Stephen L. Bartolini

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.58

1.6%

Steve Bartolini is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc., and an associate portfolio manager in the Fixed Income Division. He is a member of the U.S. Taxable Bond team focusing on the Treasury Inflation Protected Securities portfolios. Prior to his current role, Steve was a Baltimore-based mortgage trader in Global Trading for three years. Before joining T. Rowe Price in 2010, he spent nine years at Fannie Mae in the capital markets area, where he worked as director of portfolio management, senior trader, and analyst. He earned a B.S. in economics from George Washington University and an M.B.A. in finance from the University of Maryland, Robert H. Smith School of Business. Steve also has earned the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

39.94

Category Average

7.49

Category Mode

7.29