Credit: Shutterstock photoT. Rowe Price New Income ( PRCIX ) a Zacks Ranked #2 (Buy) was incepted in August 1973 and is managed by the T. Rowe Price Associates. The objective of PRCIX is to seek the highest level of income consistent with preservation of capital over time by investing primarily in marketable debt securities. PRCIX invests at least 80% of the fund's total assets in income-producing investment-grade debt securities. PRCIX's dollar-weighted average portfolio maturity is expected to be from four to fifteen years. PRCIX offers dividends and capital gains in December.
T. Rowe Price New Income, managed by T. Rowe Price , carries an expense ratio of 0.60%. Moreover, PRCIX requires a minimal initial investment of $2,500.
PRCIX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 2% and 5 year 3.5%. To see how this fund performed compared in its category, please click here .
PRCIX's performance, as of the last filing, when compared to funds in its category was in the top 21% in 1 year, top 24% over the past 3 years, and in the 31% over the past 5 years.
Zacks Premium
To see the Zacks Mutual Fund Rank for the funds you're interested in -plus, gain access to the Zacks Rank for your stocks and ETFs; Premium Screens; Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more- start your 30-day free trial to Zacks Premium .
View All Zacks #1 Ranked Mutual Funds
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (PRCIX): Fund Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
