- What does PRXEX invest in?
- This fund is dedicated to allocating a significant portion, specifically a minimum of 80% of its total assets, towards various securities designed to generate income. Its investment portfolio may include, but is not restricted to, debt instruments issued by the U.S. government and its agencies, structured credit products such as mortgage-backed and asset-backed securities (including those tied to commercial properties), corporate bonds from a range of companies, international bonds, and Treasury Inflation-Protected Securities (TIPS).
- What is the expense ratio of PRXEX?
- T. Rowe Price New Income Fund I Class (PRXEX) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRXEX's dividend yield?
- PRXEX's trailing-twelve-month yield is 4.56%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRXEX?
- Effective duration measures PRXEX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRXEX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRXEX?
- PRXEX'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 PRXEX?
- Yield to maturity (YTM) is the total return you'd earn from PRXEX if every bond in the portfolio is held to maturity at the current price. PRXEX'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.
