T. Rowe Price New Income Fund R Class (RRNIX)
| Fund Assets | 16.86B |
| Expense Ratio | 1.08% |
| Min. Investment | $2,500 |
| Turnover | 67.10% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.75% |
| Dividend Growth | -0.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.08 |
| YTD Return | 1.05% |
| 1-Year Return | 7.32% |
| 5-Year Return | -5.61% |
| 52-Week Low | 7.57 |
| 52-Week High | 8.10 |
| Beta (5Y) | 0.26 |
| Holdings | 1688 |
| Inception Date | Sep 30, 2002 |
About RRNIX
T. Rowe Price New Income Fund R Class is an open-end mutual fund specializing in fixed-income investments. The fund’s principal objective is to generate the highest possible income over the long term, with a strong emphasis on preserving capital. It achieves this by investing primarily in a diverse portfolio of marketable debt securities, including U.S. government and agency obligations, mortgage- and asset-backed securities, corporate bonds, and select foreign bonds. In managing its portfolio, the fund may also utilize derivatives and engage in transactions such as dollar rolls and to-be-announced (TBA) trades to optimize returns and manage risks. Targeted towards investors seeking a combination of income and relative stability, the fund pays monthly dividends and is structured for access via financial intermediaries and workplace retirement plans. With over $27 billion in assets under management, it plays a significant role in the core bond segment, offering broad exposure to the U.S. investment-grade bond market. Its diversified approach and active management aim to help investors balance income needs with capital preservation amid shifting economic conditions.
Performance
RRNIX had a total return of 7.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.14%.
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 | $0.02444 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02601 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02311 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02744 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02433 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02719 | Aug 29, 2025 |