PRCIX – T. Rowe Price New Income Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize total return through income and capital appreciation. The fund normally invests 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PRCIX	T. Rowe Price New Income Fund	No Load	Open			Aug 31, 1973	$499.30M	0.440%	Below Average	$2,500	−$73.46M
PANIX	T. Rowe Price New Income Fund Advisor Class	No Load	Open			Sep 30, 2002	$6.92M	0.920%	High	$2,500	−$375,256.90
PRXEX	T. Rowe Price New Income Fund I Class	Institutional	Open			Aug 28, 2015	$1.94B	0.360%	Low	$500,000	−$95.07M
TRVZX	T. Rowe Price New Income Fund Z Class	Institutional	Limited		—	Mar 16, 2020	$14.41B	0.000%	Low	$0	$658.89M
RRNIX	T. Rowe Price New Income Fund R Class	Retirement, Medium	Open			Sep 30, 2002	$940,243.00	1.080%	High	$2,500	−$95,063.00

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