T. Rowe Price New Income Fund (PRCIX)

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Ticker Symbol:
PRCIX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 04/30/2016
Volatility and Other Measures
as of 04/30/2016
Beta 1.02
0.94
Standard Deviation 3.07
Credit Quality Diversification1
as of 04/30/2016
% of Total Net Assets
AAA 11.8%
AA 3.3%
A 9.0%
BBB 20.9%
BB 4.2%
B 3.0%
CCC 0.7%
CC 0.1%
D 0.1%
Not Rated 0.5%
Reserves 3.4%
US Government Agency Securities 31.9%
US Treasury 11.2%
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. 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 04/30/2016
5.39 years
Weighted Avg. Maturity
as of 05/24/2016
7.75 years
Sector Diversification
as of 04/30/2016
% of Total Net Assets
Mortgage 35.0%
Corporate 24.1%
U.S. Treasury 9.7%
ASSET-BACKED SECURITIES (ABS) 9.1%
COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) 7.9%
High Yield 5.8%
Cash Equivalent 3.4%
Government Related 3.1%
TREASURY INFLATION-PROTECTED SECURITIES 1.5%
Non-US$ Denominated 0.5%
Equity & Other 0.0%
10 Largest Holdings
Represents 13.79 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
FNMA 15 YR TBA MAY 2.500 03/24/2021
FNMA 30 YR 3.500 09/30/2028
FNMA 30 YR TBA MAY 3.000 12/26/2021
GNMA II TBA MAY 3.000 04/14/2021
TRP INST FLOATING RATE FUND
TRP INST HIGH YIELD FUND
US TREASURY N/B 3.125 02/15/2043
US TREASURY N/B 1.250 10/31/2018
US TREASURY N/B 3.000 11/15/2044
US TREASURY N/B .625 11/30/2017
As of 04/30/2016 the New Income Fund had a total of 1681 holdings.
Bond Maturity Diversification2
  as of 04/30/2016
% of Total Net Assets
0 - 1 YRS 7.1%
1 - 5 YRS 36.6%
5 - 10 YRS 40.5%
10 + YRS 15.9%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.