T. Rowe Price New Income Fund (PRCIX)
Ticker Symbol:
PRCIX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 11/30/2016
Volatility and Other Measures
as of 11/30/2016
Beta 0.96
0.96
Standard Deviation 2.95
Credit Quality Diversification1
as of 11/30/2016
% of Total Net Assets
AAA 14.0%
AA 4.2%
A 8.2%
BBB 20.2%
BB 3.8%
B 3.5%
CCC 0.7%
CC 0.0%
D 0.1%
Not Rated 0.7%
Reserves 2.1%
US Government Agency Securities 29.1%
US Treasury 13.5%
1Sources: Moody's Investors Service; if Moody's does not rate a security, then Standard & Poor's (S&P) is used as a secondary source. When available, T. Rowe Price will use Fitch for securities that are not rated by Moody's or S&P.

U.S. government agency securities are issued or guaranteed by a U.S. government agency, and may include conventional pass-through securities and collateralized mortgage obligations; unlike Treasuries, government agency securities are not issued directly by the U.S. government and are generally unrated but may have credit support from the U.S. Treasury (e.g., FHLMC and FNMA issues) or a direct government guarantee (e.g., GNMA issues). Therefore, this category may include rated and unrated securities.

U.S. Treasury securities are issued by the U.S. Treasury and are backed by the full faith and credit of the U.S. government. The ratings of U.S Treasury securities are derived from the ratings on the U.S. government.
Weighted Avg. Effective Duration
as of 11/30/2016
5.75 years
Weighted Avg. Maturity
as of 12/06/2016
7.71 years
Sector Diversification
as of 11/30/2016
% of Total Net Assets
Mortgage 32.4%
Corporate 25.4%
U.S. Treasury 11.5%
ASSET-BACKED SECURITIES (ABS) 10.5%
High Yield 6.8%
COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) 5.7%
Government Related 2.8%
Cash Equivalent 2.1%
TREASURY INFLATION-PROTECTED SECURITIES 2.0%
Non-US$ Denominated 0.5%
U.S. Municipal 0.3%
Equity & Other -0.1%
10 Largest Holdings
Represents 11.96 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
FNMA 30 YR 3.500 12/13/2020
FNMA 30 YR TBA NOV 3.500 01/13/2022
TIPS .625 01/15/2026
TRP INST FLOATING RATE FUND
TRP INST HIGH YIELD FUND
US TREASURY N/B 3.000 11/15/2044
US TREASURY N/B 1.250 10/31/2018
US TREASURY N/B 1.375 05/31/2021
US TREASURY N/B .625 11/30/2017
US TREASURY N/B 3.125 02/15/2043
As of 11/30/2016 the New Income Fund had a total of 1771 holdings.
Bond Maturity Diversification2
  as of 11/30/2016
% of Total Net Assets
0 - 1 YRS 7.3%
1 - 5 YRS 39.1%
5 - 10 YRS 40.3%
10 + YRS 13.4%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.