T. Rowe Price New Income Adv (PANIX)

Fund Assets	16.80B
Expense Ratio	0.922%
Min. Investment	$2,500
Turnover	146.40%
Dividend (ttm)	0.31
Dividend Yield	4.07%
Dividend Growth	-2.78%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.56
YTD Return	-3.72%
1-Year Return	-3.13%
5-Year Return	-9.68%
52-Week Low	7.51
52-Week High	8.11
Beta (5Y)	0.11
Holdings	1925
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.

• Fund Family: T. Rowe Price
• Category: Intermediate Core Bond
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PANIX
• Share Class: T. Rowe Price New Income Fund-advisor Class
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

PANIX had a total return of -3.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.67%.

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 Gr Bd I	0.49%
FSMTX	Fidelity	Fidelity SAI Total Bond Fund	0.30%
FGBCX	Fidelity	Fidelity Advisor Investment Gr Bd C	1.57%
FGBTX	Fidelity	Fidelity Advisor Investment Gr Bd M	0.73%
FTKFX	Fidelity	Fidelity Total Bond K6 Fund	0.29%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRVZX	T. Rowe Price New Income Fund-z Class	n/a
PRXEX	T. Rowe Price New Income Fund-i Class	0.36%
RRNIX	T. Rowe Price New Income Fund-r Class	1.08%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02614	Sep 30, 2026
Aug 31, 2026	$0.02443	Aug 31, 2026
Jul 31, 2026	$0.02778	Jul 31, 2026
Jun 30, 2026	$0.02574	Jun 30, 2026
May 29, 2026	$0.02526	May 29, 2026
Apr 30, 2026	$0.02448	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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