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T. Rowe Price New Income PRCIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See T. Rowe Price Investment Hub

Morningstar’s Analysis PRCIX

Will PRCIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRCIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRCIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Can a new comanager help get this core bond fund on track?

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

T. Rowe Price New Income’s process and tools are in place for success here and the addition of a comanager in May 2023 should help, but this fund hasn’t parlayed its experienced investment teams into consistent performance.

by Paul Olmsted
Rated on Published on

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