PRCIX: T. Rowe Price New Income

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

PRCIX T. Rowe Price New Income


Profile

PRCIX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $22.4 B
  • Holdings in Top 10 19.9%

52 WEEK LOW AND HIGH

$9.90
$9.07
$10.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

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) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price New Income Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Aug 31, 1973
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

PRCIX - Fund Company Quick Screens


Performance

PRCIX - Performance

Return Ranking - Trailing

Period PRCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -31.6% 957.2% 43.42%
1 Yr 3.2% -27.5% 968.9% 36.36%
3 Yr 1.5%* -9.7% 121.5% 37.33%
5 Yr 1.0%* -8.2% 61.0% 34.15%
10 Yr 0.4%* -5.0% 3.6% 53.02%

* Annualized

Return Ranking - Calendar

Period PRCIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.1% -1.7% 20.3% 17.13%
2018 -3.6% -24.9% 0.8% 76.41%
2017 1.3% -6.0% 17.1% 44.35%
2016 0.1% -14.9% 15.0% 37.72%
2015 -2.3% -18.3% 3.0% 71.52%

Total Return Ranking - Trailing

Period PRCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -31.6% 957.2% 43.42%
1 Yr 3.2% -27.5% 968.9% 36.33%
3 Yr 1.5%* -8.9% 121.5% 42.58%
5 Yr 1.0%* -8.0% 61.0% 43.21%
10 Yr 0.4%* -5.0% 6.9% 64.90%

* Annualized

Total Return Ranking - Calendar

Period PRCIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.1% -1.7% 20.3% 17.53%
2018 -3.6% -24.9% 3.1% 80.50%
2017 1.3% -6.0% 27.0% 53.68%
2016 0.1% -14.8% 15.0% 43.98%
2015 -2.3% -12.6% 4.2% 77.93%

NAV & Total Return History


Holdings

PRCIX - Holdings

Concentration Analysis

PRCIX Category Low Category High PRCIX % Rank
Net Assets 22.4 B 622 K 277 B 3.73%
Number of Holdings 1475 1 18073 10.61%
Net Assets in Top 10 4.16 B -587 M 21.3 B 3.32%
Weighting of Top 10 19.90% 2.3% 100.0% 53.28%

Top 10 Holdings

  1. United States Treasury Notes 1.5% 3.87%
  2. United States Treasury Notes 1.38% 3.64%
  3. T. Rowe Price Instl Floating Rate Z 2.84%
  4. United States Treasury Notes 1.62% 2.05%
  5. United States Treasury Notes 1.5% 1.96%
  6. United States Treasury Notes 1.5% 1.60%
  7. United States Treasury Bonds 2.38% 1.47%
  8. United States Treasury Notes 1.62% 1.22%
  9. United States Treasury Bonds 3% 0.76%
  10. United States Treasury Notes 1.5% 0.49%

Asset Allocation

Weighting Return Low Return High PRCIX % Rank
Bonds
96.38% 71.08% 169.81% 52.71%
Cash
2.16% -72.40% 27.48% 52.04%
Convertible Bonds
1.42% 0.00% 10.07% 20.38%
Preferred Stocks
0.02% -0.14% 8.39% 13.47%
Stocks
0.01% -0.93% 19.79% 10.09%
Other
0.01% -27.60% 28.63% 10.54%

Stock Sector Breakdown

Weighting Return Low Return High PRCIX % Rank
Communication Services
93.94% 0.00% 100.00% 5.83%
Utilities
4.79% 0.00% 100.00% 22.09%
Basic Materials
0.67% 0.00% 100.00% 23.93%
Energy
0.59% 0.00% 100.00% 44.17%
Technology
0.00% 0.00% 76.71% 73.31%
Real Estate
0.00% 0.00% 100.00% 70.25%
Industrials
0.00% 0.00% 100.00% 73.01%
Healthcare
0.00% 0.00% 100.00% 74.23%
Financial Services
0.00% 0.00% 100.00% 77.61%
Consumer Defense
0.00% 0.00% 44.95% 69.63%
Consumer Cyclical
0.00% 0.00% 100.00% 76.07%

Stock Geographic Breakdown

Weighting Return Low Return High PRCIX % Rank
US
0.01% -3.94% 16.11% 8.52%
Non US
0.00% -2.14% 3.68% 66.53%

Bond Sector Breakdown

Weighting Return Low Return High PRCIX % Rank
Securitized
43.05% 0.00% 97.63% 12.25%
Corporate
36.63% 0.00% 99.89% 23.35%
Government
18.17% -2.21% 100.00% 32.77%
Cash & Equivalents
2.16% -26.49% 41.51% 58.92%
Derivative
0.00% -0.83% 24.19% 69.18%
Municipal
0.00% 0.00% 100.11% 92.11%

Bond Geographic Breakdown

Weighting Return Low Return High PRCIX % Rank
US
81.52% 58.40% 150.78% 81.75%
Non US
14.86% -52.35% 33.81% 10.19%

Expenses

PRCIX - Expenses

Operational Fees

PRCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.01% 34.57% 78.78%
Management Fee 0.38% 0.00% 1.50% 47.16%
12b-1 Fee N/A 0.00% 1.00% 19.56%
Administrative Fee 0.15% 0.00% 0.50% 79.15%

Sales Fees

PRCIX 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

PRCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PRCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 139.40% 0.00% 496.90% 84.18%

Distributions

PRCIX - Distributions

Dividend Yield Analysis

PRCIX Category Low Category High PRCIX % Rank
Dividend Yield 0.00% 0.00% 5.93% 69.14%

Dividend Distribution Analysis

PRCIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PRCIX Category Low Category High PRCIX % Rank
Net Income Ratio 2.97% -0.81% 6.02% 22.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRCIX - Fund Manager Analysis

Managers

Stephen Bartolini


Start Date

Tenure

Tenure Rank

Jan 31, 2018

2.41

2.4%

Steve Bartolini has served as cochairman of the Investment Advisory Committee since January 2018 and became sole chairman in December 2018 at T. Rowe Price Associates, Inc. He joined the Firm in 2010 and his investment experience dates from 2000. During the past several years, he has served as a portfolio manager (beginning in 2016) and, prior to that, as an associate portfolio manager of the U.S. Inflation Protected Bond and U.S. Short-Term Inflation Focused Bond strategies, a member of the fixed income division’s Global Interest Rates and Currencies Strategy team, and a fixed income trader. 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
0.14 33.6 7.53 0.5