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 05/31/2017
Volatility and Other Measures
as of 05/31/2017
Beta 0.96
0.96
Standard Deviation 2.81
Credit Quality Diversification1
as of 05/31/2017
% of Total Net Assets
AAA 12.6%
AA 4.2%
A 9.3%
BBB 21.4%
BB 4.0%
B 4.2%
CCC 0.4%
CC 0.0%
D 0.0%
Not Rated 0.5%
Reserves 1.8%
US Government Agency Securities 27.4%
US Treasury 14.3%
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 05/31/2017
5.89 years
Weighted Avg. Maturity
as of 06/20/2017
8.03 years
Sector Diversification
as of 05/31/2017
% of Total Net Assets
Mortgage 30.6%
Corporate 28.0%
U.S. Treasury 12.8%
ASSET-BACKED SECURITIES (ABS) 10.5%
High Yield 7.1%
COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) 4.5%
Government Related 2.7%
Cash Equivalent 1.8%
TREASURY INFLATION-PROTECTED SECURITIES 1.5%
Non-US$ Denominated 0.5%
Equity & Other 0.0%
10 Largest Holdings
Represents 11.67 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
TIPS .125 07/15/2026
TRP Inst Floating Rate - Inst
TRP Institutional High Yield - Inst
US TREASURY N/B .750 04/30/2018
US TREASURY N/B 1.375 05/31/2021
US TREASURY N/B 2.875 11/15/2046
US TREASURY N/B 2.250 02/15/2027
US TREASURY N/B 1.250 10/31/2018
US TREASURY N/B 3.125 02/15/2043
US TREASURY N/B 3.000 11/15/2044
As of 05/31/2017 the New Income Fund had a total of 1789 holdings.
Bond Maturity Diversification2
  as of 05/31/2017
% of Total Net Assets
0 - 1 YRS 8.2%
1 - 5 YRS 26.8%
5 - 10 YRS 44.1%
10 + YRS 20.9%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.