T. Rowe Price New Income Z (TRVZX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.06
+0.04 (0.50%)
Sep 5, 2025, 4:00 PM EDT
0.50%
Fund Assets16.41B
Expense Ration/a
Min. Investment$0.00
Turnover67.10%
Dividend (ttm)0.39
Dividend Yield4.85%
Dividend Growth2.10%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close8.02
YTD Return3.36%
1-Year Return0.91%
5-Year Return-4.67%
52-Week Low7.76
52-Week High8.26
Beta (5Y)n/a
Holdings1614
Inception DateMar 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.

Fund Family T. Rowe Price
Category Intermediate Core Bond
Stock Exchange NASDAQ
Ticker Symbol TRVZX
Share Class T. Rowe Price New Income Fund-z Class
Index Bloomberg U.S. Aggregate Bond TR

Performance

TRVZX had a total return of 0.91% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.01%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FGBPXFidelityFidelity Advisor Investment Gr Bd I0.50%
FSMTXFidelityFidelity SAI Total Bond0.29%
FGBCXFidelityFidelity Advisor Investment Gr Bd C1.52%
FGBTXFidelityFidelity Advisor Investment Gr Bd M0.74%
FTKFXFidelityFidelity Total Bond K60.30%

Other Share Classes

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

SymbolShare ClassExpense Ratio
PRXEXT. Rowe Price New Income Fund-i Class0.36%
PANIXT. Rowe Price New Income Fund-advisor Class0.92%
RRNIXT. Rowe Price New Income Fund-r Class1.08%

Top 10 Holdings

18.41% of assets
NameSymbolWeight
United States Treasury Notes 4.375%T.4.375 05.15.342.55%
United States Treasury Bonds 4.5%T.4.5 02.15.442.35%
United States Treasury Notes 4.375%T.4.375 11.30.301.99%
United States Treasury Notes 4%T.4 01.31.311.82%
United States Treasury Bonds 4%T.4 11.15.421.73%
United States Treasury Bonds 4.25%T.4.25 08.15.541.69%
United States Treasury Bonds 4.25%T.4.25 02.15.541.66%
United States Treasury Bonds 4.375%T.4.375 08.15.431.62%
United States Treasury Bonds 3.375%T.3.375 08.15.421.57%
United States Treasury Notes 4.125%T.4.125 09.30.271.44%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.03474Aug 29, 2025
Jul 31, 2025$0.03411Jul 31, 2025
Jun 30, 2025$0.03169Jun 30, 2025
May 30, 2025$0.03434May 30, 2025
Apr 30, 2025$0.03205Apr 30, 2025
Mar 31, 2025$0.03112Mar 31, 2025
Full Dividend History