New Income Fund - Advisor Class

Invests at least 80% of assets in income producing debt securities. Flexibility in purchasing investment grade debt securities at various credit quality levels including up to 5% in below investment-grade related securities to help achieve a higher yield.

The fund is subject to interest rate risk. The fund is not a money market fund and its price and yield will fluctuate.

Morningstar (Category)

Morningstar
(Overall Rating)1

Intermediate Core Bond
  (386 funds)

Data as of 12/31/2021

Data as of 12/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

3yrs
$20.8b

Data as of 12/31/2021

Data as of 12/31/2021

Price
(USD)

Daily Price Change

$9.44
$+0.03

Data as of 01/21/2022

Data as of 01/21/2022

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

Stephen L. Bartolini, CFA
Stephen L. Bartolini, CFA, Portfolio Manager

Steve Bartolini is a portfolio manager in the Fixed Income Division. He manages the US Core Bond Strategy and co-manages the US Investment Grade Core Bond Strategy. Steve is the president and chairman of the Investment Advisory Committee for the New Income Fund. He co-heads the Global Interest Rate and Currency Strategy team and is a member of the portfolio strategy team for the Core/Core Plus bond strategies. He also is a member of the Asset Allocation Committee. Steve is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.

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Strategy

Investment Objective

The fund seeks to maximize total return through income and capital appreciation.

Yields & Dividends (Advisor Class)

30-Day SEC Standardized Yield
with waiver
-0.15%

Data as of 12/31/2021

without waiver
-0.15%

Data as of 12/31/2021

30-Day Annualized Dividend Yield
with waiver
0.08%

Data as of 01/21/2022

Monthly Dividend
(USD)
$0.000034508

Data as of 12/31/2021

Monthly Dividend
Rate
0.00%

Data as of 01/21/2022

US Mutual Fund vendor indices disclaimers

Sectors

Total
Sectors
10

Data as of 12/31/2021

Benchmark: Bloomberg U.S. Aggregate Bond Index

Largest Sector Corporate 28.57% Was (11/30/2021) 28.29%
Other View complete

Over

ABS
By 5.55%
Fund 5.85%
Benchmark 0.30%

Under

U.S. Treasury
By -14.80%
Fund 24.35%
Benchmark 39.14%

Data as of 12/31/2021

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

View platform information
1

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2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

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