T. Rowe Price New Income Z (TRVZX)
| Fund Assets | 15.93B |
| Expense Ratio | n/a |
| Min. Investment | $500,000 |
| Turnover | 179.30% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.89% |
| Dividend Growth | 5.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 7.95 |
| YTD Return | 1.69% |
| 1-Year Return | 2.51% |
| 5-Year Return | -6.23% |
| 52-Week Low | 7.76 |
| 52-Week High | 8.26 |
| Beta (5Y) | n/a |
| Holdings | 1587 |
| Inception Date | Mar 16, 2020 |
About TRVZX
T. Rowe Price New Income Fund Z Class is an open-end mutual fund focused on fixed income securities. Its primary objective is to generate the highest possible income over the long term while preserving capital. The fund invests at least 80% of its net assets in income-producing instruments, which include a diversified mix of U.S. government and agency obligations, mortgage- and asset-backed securities, corporate bonds, foreign bonds, and Treasury Inflation-Protected Securities. The fund employs strategies such as to-be-announced (TBA) transactions and may use short sales of TBA mortgages to potentially enhance returns or manage risk. It is classified in the intermediate core bond category, offering moderate credit quality and interest rate sensitivity. With over $16 billion in assets and more than 1,600 holdings, the fund plays a significant role for investors seeking steady income, exposure to a blend of high-quality bond sectors, and diversification within their broader fixed income allocation. T. Rowe Price New Income Fund Z Class is managed with an institutional share class structure, known for its relatively low expense ratio and wide appeal among institutional and individual investors alike.
Performance
TRVZX had a total return of 2.51% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.31%.
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% |
| FTKFX | Fidelity | Fidelity Total Bond K6 Fund | 0.30% |
| FEPTX | Fidelity | Fidelity Advisor Total Bond Fund - Class M | 0.74% |
Top 10 Holdings
19.71% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 5% | T.4.625 09.15.26 | 3.00% |
| United States Treasury Notes 4% | T.4.375 05.15.34 | 2.57% |
| United States Treasury Bonds 5% | T.4.5 02.15.44 | 2.40% |
| United States Treasury Notes 2% | T.1.5 01.31.27 | 1.87% |
| United States Treasury Bonds 4% | T.4 11.15.42 | 1.75% |
| United States Treasury Bonds 4% | T.4.25 08.15.54 | 1.73% |
| United States Treasury Notes 5% | T.4.625 10.15.26 | 1.70% |
| Trp Government Reserve | n/a | 1.63% |
| United States Treasury Bonds 3% | T.3.375 08.15.42 | 1.60% |
| United States Treasury Notes 4% | T.4.125 09.30.27 | 1.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.03169 | Jun 30, 2025 |
| May 30, 2025 | $0.03434 | May 30, 2025 |
| Apr 30, 2025 | $0.03205 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03112 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03011 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03335 | Jan 31, 2025 |