New Income Fund - R 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)

(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


Data as of 12/31/2021

Data as of 12/31/2021


Daily Price Change


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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Investment Objective

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

Yields & Dividends (R Class)

30-Day SEC Standardized Yield
with waiver

Data as of 12/31/2021

without waiver

Data as of 12/31/2021

30-Day Annualized Dividend Yield
with waiver

Data as of 01/21/2022

Monthly Dividend

Data as of 12/31/2021

Monthly Dividend

Data as of 01/21/2022

US Mutual Fund vendor indices disclaimers



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


By 5.55%
Fund 5.85%
Benchmark 0.30%


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.

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


Figure applies to all share classes.

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