PRXEX

About PRXEX

T. Rowe Price New Income Fund I Class is an open-end mutual fund with a focus on generating total return through both income and capital appreciation. It primarily invests at least 80% of its assets in a diversified portfolio of income-producing debt securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, as well as some exposure to foreign bonds and Treasury Inflation Protected Securities. The fund maintains a weighted average maturity typically between four to fifteen years and is classified within the intermediate core bond category. While the majority of its holdings are investment-grade, the fund may allocate up to 5% to below investment-grade securities for enhanced yield potential. With a rigorous risk management approach and broad sector allocation, the fund aims to provide attractive income while balancing interest rate and credit risks. It serves as a core fixed income holding for investors seeking steady income, moderate price volatility, and diversification across the broader bond market spectrum.