T. Rowe Price New Income Fund I Class (PRXEX)
| Fund Assets | 17.12B |
| Expense Ratio | 0.36% |
| Min. Investment | $2,500 |
| Turnover | 67.10% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 4.52% |
| Dividend Growth | -1.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 7.98 |
| YTD Return | 0.08% |
| 1-Year Return | 5.13% |
| 5-Year Return | -1.81% |
| 52-Week Low | 7.81 |
| 52-Week High | 8.12 |
| Beta (5Y) | n/a |
| Holdings | 1670 |
| Inception Date | Aug 28, 2015 |
About PRXEX
T. Rowe Price New Income Fund I Class is an open-end mutual fund with a focus on generating total return through both income and capital appreciation. It primarily invests at least 80% of its assets in a diversified portfolio of income-producing debt securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, as well as some exposure to foreign bonds and Treasury Inflation Protected Securities. The fund maintains a weighted average maturity typically between four to fifteen years and is classified within the intermediate core bond category. While the majority of its holdings are investment-grade, the fund may allocate up to 5% to below investment-grade securities for enhanced yield potential. With a rigorous risk management approach and broad sector allocation, the fund aims to provide attractive income while balancing interest rate and credit risks. It serves as a core fixed income holding for investors seeking steady income, moderate price volatility, and diversification across the broader bond market spectrum.
Performance
PRXEX had a total return of 5.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.61%.
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 |
|---|---|---|
| Feb 27, 2026 | $0.02733 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02935 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03114 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02753 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03269 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02887 | Sep 30, 2025 |