T. Rowe Price New Income is on less steady footing following comanager Christopher Brown’s Feb. 19, 2026, departure, which drops the strategy’s People Pillar to Below Average from Average.
T. Rowe Price New Income Fund I Class PRXEX
- NAV / 1-Day Return 7.88 / +0.13 %
- Total Assets 17.7B
-
Adj. Expense Ratio
0.350%
- Expense Ratio 0.350%
- 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 4.49%
- Effective Duration 5.83 years
USD | NAV as of Jun 10, 2026 | 1-Day Return as of Jun 10, 2026, 12:11 AM GMT+0
Morningstar’s Analysis PRXEX
Will PRXEX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the PRXEX 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 PRXEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 12.0
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
T. Rowe Price Gov. Reserve | 7.63 | 1B | Cash and Equivalents |
United States Treasury Bonds 4.5% | 2.10 | 369M | Government |
United States Treasury Notes 4.625% | 1.87 | 329M | Government |
United States Treasury Notes 3.75% | 1.64 | 288M | Government |
United States Treasury Notes 4% | 1.63 | 287M | Government |
Federal National Mortgage Association 2% | 1.52 | 267M | Securitized |
United States Treasury Bonds 4.25% | 1.47 | 259M | Government |
United States Treasury Bonds 4.375% | 1.25 | 219M | Government |
United States Treasury Notes 3.875% | 1.21 | 213M | Government |
United States Treasury Notes 4.375% | 1.18 | 207M | Government |
United States