PANIX: T. Rowe Price New Income Adv

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PANIX T. Rowe Price New Income Adv


Profile

PANIX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $25.2 B
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$9.79
$9.17
$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 N/A

Fund Classification


Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price New Income Fund Advisor Class
  • 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 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.


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Categories

Fund Company Quick Screens

PANIX - Fund Company Quick Screens


Performance

PANIX - Performance

Return Ranking - Trailing

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -1.0% 6.2% 52.97%
1 Yr 7.0% -0.7% 85.9% 22.23%
3 Yr 1.5%* -2.7% 23.0% 43.88%
5 Yr 0.2%* -3.3% 12.8% 46.80%
10 Yr 0.4%* -8.5% 8.6% 63.07%

* Annualized

Return Ranking - Calendar

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.1% -1.7% 83.9% 16.47%
2018 -3.6% -12.4% 0.8% 76.91%
2017 1.3% -6.0% 17.1% 42.00%
2016 0.1% -58.1% 8.6% 36.95%
2015 -2.3% -18.3% 3.0% 72.27%

Total Return Ranking - Trailing

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -1.0% 6.2% 52.97%
1 Yr 7.0% -2.6% 85.9% 20.76%
3 Yr 1.5%* -2.7% 23.0% 51.25%
5 Yr 0.2%* -2.5% 12.8% 58.65%
10 Yr 0.8%* -8.5% 8.6% 60.55%

* Annualized

Total Return Ranking - Calendar

Period PANIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.1% -1.7% 83.9% 16.83%
2018 -3.6% -11.7% 6.5% 81.26%
2017 1.3% -6.0% 27.0% 52.02%
2016 0.1% -58.1% 10.7% 43.27%
2015 -2.3% -14.6% 4.2% 78.92%

NAV & Total Return History


Holdings

PANIX - Holdings

Concentration Analysis

PANIX Category Low Category High PANIX % Rank
Net Assets 25.2 B 688 K 249 B 3.06%
Number of Holdings 1536 1 17590 10.03%
Net Assets in Top 10 4.96 B -216 M 23.5 B 1.99%
Weighting of Top 10 18.92% 2.3% 144.8% 55.55%

Top 10 Holdings

  1. United States Treasury Notes 2.88% 4.32%
  2. Federal National Mortgage Association 3.5% 2.45%
  3. T. Rowe Price Instl Floating Rate 2.37%
  4. United States Treasury Notes 2.88% 1.84%
  5. United States Treasury Bonds 3% 1.72%
  6. United States Treasury Notes 2.12% 1.44%
  7. Federal National Mortgage Association 3% 1.41%
  8. United States Treasury Notes 1.62% 1.38%
  9. United States Treasury Bonds 2.88% 1.01%
  10. Republic of Colombia 4% 0.97%

Asset Allocation

Weighting Return Low Return High PANIX % Rank
Bonds
97.21% 80.34% 160.64% 50.07%
Cash
2.03% -60.64% 19.31% 49.68%
Convertible Bonds
0.73% 0.00% 6.13% 28.20%
Preferred Stocks
0.02% 0.00% 7.32% 11.70%
Stocks
0.01% -17.64% 26.05% 7.08%
Other
0.00% -8.60% 31.28% 12.73%

Stock Sector Breakdown

Weighting Return Low Return High PANIX % Rank
Consumer Cyclical
76.44% 0.00% 100.00% 10.48%
Utilities
10.50% 0.00% 100.00% 12.63%
Energy
4.54% 0.00% 100.00% 52.42%
Communication Services
3.34% 0.00% 100.00% 25.27%
Financial Services
3.19% 0.00% 100.00% 26.08%
Basic Materials
1.99% 0.00% 100.00% 15.59%
Technology
0.00% 0.00% 100.00% 18.28%
Real Estate
0.00% 0.00% 100.00% 13.71%
Industrials
0.00% 0.00% 100.00% 21.24%
Healthcare
0.00% 0.00% 39.26% 20.43%
Consumer Defense
0.00% 0.00% 26.01% 14.78%

Stock Geographic Breakdown

Weighting Return Low Return High PANIX % Rank
US
0.01% -17.64% 16.43% 6.72%
Non US
0.00% -1.93% 9.62% 2.81%

Bond Sector Breakdown

Weighting Return Low Return High PANIX % Rank
Securitized
47.95% 0.00% 97.31% 10.67%
Corporate
33.97% 0.00% 99.29% 22.69%
Government
16.05% 0.00% 100.00% 38.44%
Cash & Equivalents
2.03% -26.49% 20.89% 56.61%
Derivative
0.00% 0.00% 22.94% 12.59%
Municipal
0.00% 0.00% 100.00% 76.56%

Bond Geographic Breakdown

Weighting Return Low Return High PANIX % Rank
US
81.86% 61.83% 160.64% 86.52%
Non US
15.35% -27.08% 26.76% 6.93%

Expenses

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% 42.64%
Management Fee 0.38% 0.00% 1.25% 44.46%
12b-1 Fee 0.25% 0.00% 1.00% 29.29%
Administrative Fee 0.15% 0.00% 0.50% 68.35%

Sales Fees

PANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PANIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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% 2053.00% 82.87%

Distributions

PANIX - Distributions

Dividend Yield Analysis

PANIX Category Low Category High PANIX % Rank
Dividend Yield 0.62% 0.00% 5.21% 49.88%

Dividend Distribution Analysis

PANIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PANIX Category Low Category High PANIX % Rank
Net Income Ratio 2.65% 0.00% 6.30% 47.75%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PANIX - Fund Manager Analysis

Managers

Stephen Bartolini


Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.92

1.9%

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 Category High Category Average Category Mode
0.01 33.1 7.64 0.67