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 12/31/2014
Volatility and Other Measures
as of 12/31/2014
Beta 1.04
0.93
Standard Deviation 2.84
Credit Quality Diversification1
as of 12/31/2014
% of Total Net Assets
AAA 7.9%
AA 4.0%
A 8.9%
BBB 21.3%
BB 2.6%
B 3.2%
CCC 0.8%
CC 0.0%
D 0.1%
Not Rated 0.2%
Reserves 1.9%
US Government Agency Securities 27.7%
US Treasury 21.2%
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. 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 12/31/2014
5.32 years
Weighted Avg. Maturity
as of 01/27/2015
7.33 years
10 Largest Holdings
Represents 19.46 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
GNMA II TBA JAN 4.000 10/17/2018
TIPS .625 01/15/2024
TRP INST HIGH YIELD FUND
US TREASURY N/B 1.250 10/31/2018
US TREASURY N/B .875 02/28/2017
US TREASURY N/B .625 11/30/2017
US TREASURY N/B 3.125 02/15/2043
US TREASURY N/B 1.500 11/30/2019
US TREASURY N/B 2.000 08/31/2021
US TREASURY N/B 2.625 04/30/2016
As of 12/31/2014 the New Income Fund had a total of 1674 holdings.
Bond Maturity Diversification2
  as of 12/31/2014
% of Total Net Assets
0 - 1 YRS 4.4%
1 - 5 YRS 43.2%
5 - 10 YRS 36.5%
10 + YRS 15.8%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 12/31/2014
% of Total Net Assets
Mortgage 29.3%
Corporate 23.3%
U.S. Treasury 18.1%
ASSET-BACKED SECURITIES (ABS) 7.5%
COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) 6.5%
Government Related 4.8%
High Yield 4.1%
TREASURY INFLATION-PROTECTED SECURITIES 3.0%
Cash Equivalent 1.9%
Non-US$ Denominated 1.5%
See Glossary for additional details on all data elements.