T. Rowe Price New Income I (PRXEX)

Fund Assets	16.80B
Expense Ratio	0.361%
Min. Investment	$2,500
Turnover	146.40%
Dividend (ttm)	0.35
Dividend Yield	4.65%
Dividend Growth	-2.50%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.57
YTD Return	-3.41%
1-Year Return	-2.79%
5-Year Return	-7.17%
52-Week Low	7.52
52-Week High	8.12
Beta (5Y)	0.11
Holdings	1925
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.

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

Performance

PRXEX had a total return of -2.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.19%.

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
PANIX	T. Rowe Price New Income Fund-advisor Class	0.92%
RRNIX	T. Rowe Price New Income Fund-r Class	1.08%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02975	Sep 30, 2026
Aug 31, 2026	$0.02796	Aug 31, 2026
Jul 31, 2026	$0.03181	Jul 31, 2026
Jun 30, 2026	$0.02942	Jun 30, 2026
May 29, 2026	$0.02906	May 29, 2026
Apr 30, 2026	$0.02821	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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