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.
T. Rowe Price New Income I PRXEX
- NAV / 1-Day Return 7.96 / +0.26 %
- Total Assets 16.7 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.360%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category Intermediate Core Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 500,000
- Status Open
- TTM Yield 4.09%
- Effective Duration 6.21 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:23 PM GMT+0
Morningstar’s Analysis PRXEX
Will PRXEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 21.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Notes 4.625% | 4.42 | 748.0 Mil | Government |
T. Rowe Price Gov. Reserve | 3.79 | 641.2 Mil | Cash and Equivalents |
United States Treasury Bonds 3.375% | 2.31 | 391.1 Mil | Government |
United States Treasury Notes 2.25% | 2.27 | 384.7 Mil | Cash and Equivalents |
United States Treasury Notes 0.625% | 2.12 | 357.8 Mil | Government |
United States Treasury Notes 4.625% | 2.08 | 351.5 Mil | Government |
United States Treasury Notes 1.375% | 1.99 | 336.6 Mil | Government |
United States Treasury Bonds 4% | 1.76 | 297.3 Mil | Government |
United States Treasury Notes 1.5% | 1.69 | 286.1 Mil | Government |
United States Treasury Bonds 3% | 1.67 | 282.9 Mil | Government |