T. Rowe Price New Income Fund Advisor Class (PANIX)
| Fund Assets | 16.86B |
| Expense Ratio | 0.92% |
| Min. Investment | $2,500 |
| Turnover | 67.10% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.91% |
| Dividend Growth | -0.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.06 |
| YTD Return | 0.94% |
| 1-Year Return | 7.50% |
| 5-Year Return | -4.80% |
| 52-Week Low | 7.54 |
| 52-Week High | 8.08 |
| Beta (5Y) | n/a |
| Holdings | 1688 |
| Inception Date | Sep 30, 2002 |
About PANIX
T. Rowe Price New Income Fund Advisor Class is a mutual fund focused on providing investors with reliable income and capital preservation by investing primarily in high-quality, marketable debt securities. The fund holds a diversified portfolio that includes U.S. government and agency bonds, mortgage- and asset-backed securities, corporate bonds, foreign bonds, and Treasury inflation-protected securities. As part of the Intermediate Core Bond category, it largely concentrates on investment-grade fixed-income assets and manages risk by limiting below-investment-grade exposure to less than 5% of the portfolio. The fund is actively managed and aims to maximize total return through both income generation and capital appreciation, maintaining an effective duration and weighted average maturity appropriate for intermediate-term bond strategies. With a substantial asset base and monthly dividend payments, the fund plays a significant role for investors seeking stable returns and a measure of downside protection in varying interest rate environments. Its broad sector exposure and frequent portfolio rebalancing reflect an effort to respond dynamically to market changes while maintaining its income and preservation mandate.
Performance
PANIX had a total return of 7.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.71%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FGBPX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class I | 0.50% |
| FSMTX | Fidelity | Fidelity SAI Total Bond Fund | 0.29% |
| FGBCX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class C | 1.52% |
| FGBTX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class M | 0.74% |
| FTKFX | Fidelity | Fidelity Total Bond K6 Fund | 0.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02548 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02708 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02405 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02855 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0253 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02825 | Aug 29, 2025 |