- What does PRCIX invest in?
- The primary goal of this fund is to achieve the highest possible total return, generated through both income streams and capital appreciation. It is mandated to invest at least 80% of its net assets in various securities that produce income. These investments can encompass a wide array of options, such as debt instruments issued by the U.S. government and its agencies, different types of mortgage-backed and asset-backed securities (including those tied to commercial mortgages), corporate bonds, international bonds, and Treasury Inflation-Protected Securities (TIPS).
- What is the expense ratio of PRCIX?
- T. Rowe Price New Income Fund (PRCIX) charges an expense ratio of 0.44%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRCIX's dividend yield?
- PRCIX's trailing-twelve-month yield is 4.85%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRCIX?
- Effective duration measures PRCIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRCIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRCIX?
- PRCIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PRCIX?
- Yield to maturity (YTM) is the total return you'd earn from PRCIX if every bond in the portfolio is held to maturity at the current price. PRCIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
