T. Rowe Price New Income Fund I Class (PRXEX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.97: the stock has moved about 3% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerT. Rowe Price New Income Fund I Class (PRXEX) trades at $7.54. T. Rowe Price New Income Fund I Class (PRXEX) is a fixed-income mutual fund managed by T. Rowe Price, focusing on income-producing securities. Sector: Financials.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for PRXEX: PRXEX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
T. Rowe Price New Income Fund I Class (PRXEX) Financial Services Profile
T. Rowe Price New Income Fund I Class (PRXEX) is a large fixed-income mutual fund focusing on income-generating securities like government and corporate bonds, and mortgage-backed assets. Managed by T. Rowe Price, the fund seeks to deliver consistent income to investors through diversified debt instrument holdings, operating within the competitive asset management landscape.
What Is the Investment Thesis for PRXEX?
T. With a market capitalization of $17.12 billion, the fund offers stability and diversification across various fixed-income assets. The fund's strategy of investing at least 80% of its assets in income-producing securities, including government and corporate bonds, and mortgage-backed securities, provides a consistent income stream. Upcoming catalysts include potential shifts in interest rate policies by the Federal Reserve, which could impact bond yields and fund performance. The fund's ability to adapt to changing market conditions and capitalize on opportunities in different fixed-income sectors is a key value driver. However, potential risks include interest rate risk and credit risk associated with the underlying securities. Monitoring the fund's performance relative to its benchmark and peer group is crucial for assessing its effectiveness in delivering consistent income and managing risk.
Based on FMP financials and quantitative analysis
PRXEX Key Highlights
Market capitalization of $17.12 billion, indicating substantial size and stability.
- Beta of 0.97, suggesting moderate volatility relative to the broader market.
- Investment strategy focused on income-producing securities, providing a consistent income stream for investors.
- Diversified portfolio across various fixed-income asset classes, including government and corporate bonds, and mortgage-backed securities.
- Actively managed by T. Rowe Price, leveraging their expertise in fixed-income investing.
Who Are PRXEX's Competitors?
PRXEX is benchmarked below against 6 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ALLIX AB Large Cap Growth Fund Class I | $118.72 | +0.92% | $16.3B | — |
| BLPFX American Funds Moderate Growth and Income Portfolio - Class F-1 | $20.89 | +0.38% | $16.7B | — |
| CIVIX Causeway International Value Fund Class Institutional | $24.09 | +0.25% | $17.8B | — |
| COFYX Columbia Funds Series Trust I - Columbia Contrarian Core Fund | $45.29 | +0.85% | $18.5B | — |
| COSIX Columbia Fds Srs Tr I, Strategic Income Fd Cl A | $21.02 | +0.05% | $15.7B | — |
| EICA Eagle Point Income Company Inc. | $25.00 | +0.04% | $234M | 36 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PRXEX's Key Strengths?
Strong brand reputation of T. Rowe Price.
- Experienced investment team with expertise in fixed-income investing.
- Diversified portfolio across various fixed-income asset classes.
- Consistent track record of providing income to investors.
What Are PRXEX's Weaknesses?
Sensitivity to interest rate changes.
- Potential for credit risk in underlying securities.
- Reliance on the expertise of the investment team.
- Limited exposure to high-growth asset classes.
What Are the Key Risks for PRXEX?
Rising interest rates could negatively impact bond values.
- Economic downturn could lead to increased credit risk.
- Market volatility could impact the fund's performance.
- Regulatory changes could impact the fund's investment strategy.
What Are PRXEX's Competitive Advantages?
- Established brand and reputation of T. Rowe Price.
- Experienced investment team with expertise in fixed-income investing.
- Diversified portfolio across various fixed-income asset classes.
What Does PRXEX Do?
T. Rowe Price New Income Fund I Class (PRXEX) is a mutual fund managed by T. Rowe Price Associates, Inc., a well-established investment management firm. The fund is designed to provide investors with a steady stream of income by investing primarily in income-producing securities. These securities encompass a broad range of debt instruments, including U.S. government and agency obligations, mortgage- and asset-backed securities (including commercial mortgage-backed securities), corporate bonds, foreign bonds, and Treasury inflation-protected securities (TIPS). The fund maintains a diversified portfolio across these asset classes to manage risk and enhance returns. The fund's investment strategy focuses on actively managing its asset allocation to capitalize on market opportunities and mitigate potential risks. T. Rowe Price's experienced investment team conducts in-depth research and analysis to identify securities that offer attractive yields and potential for capital appreciation. The fund's objective is to provide a consistent level of income while preserving capital over the long term. PRXEX operates within the broader asset management industry, catering to investors seeking reliable income streams from fixed-income investments. The fund's performance is benchmarked against similar fixed-income funds and market indices to evaluate its effectiveness in achieving its investment goals. As of 2026, PRXEX continues to be a significant player in the income-focused mutual fund space, leveraging T. Rowe Price's expertise and resources to deliver value to its shareholders.
What Products and Services Does PRXEX Offer?
- Invests in U.S. government and agency obligations.
- Invests in mortgage- and asset-backed securities.
- Invests in corporate bonds.
- Invests in foreign bonds.
- Invests in Treasury inflation-protected securities (TIPS).
- Actively manages asset allocation to capitalize on market opportunities.
- Conducts in-depth research and analysis to identify attractive securities.
How Does PRXEX Make Money?
- Generates revenue through management fees charged as a percentage of assets under management (AUM).
- Aims to provide a consistent level of income to investors through fixed-income investments.
- Focuses on actively managing its portfolio to enhance returns and mitigate risks.
What Industry Does PRXEX Operate In?
T. Rowe Price New Income Fund I Class (PRXEX) operates within the asset management industry, specifically in the fixed-income segment. The industry is characterized by intense competition among asset managers offering various income-generating products. Market trends include increasing demand for fixed-income investments due to aging demographics and low-interest-rate environments. The fund competes with other fixed-income mutual funds and ETFs, such as ALLIX, BLPFX, CIVIX, COFYX, and COSIX. The asset management industry is subject to regulatory oversight and is influenced by macroeconomic factors, such as interest rates, inflation, and economic growth.
Who Are PRXEX's Key Customers?
- Individual investors seeking a steady stream of income.
- Retirement savers looking for stable returns in fixed-income assets.
- Institutional investors seeking diversified fixed-income exposure.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
PRXEX Financials
Bull Case vs Bear Case
Bull Case
- Strong brand reputation of T. Rowe Price.
- Experienced investment team with expertise in fixed-income investing.
- Diversified portfolio across various fixed-income asset classes.
- Consistent track record of providing income to investors.
Bear Case
- Sensitivity to interest rate changes.
- Potential for credit risk in underlying securities.
- Reliance on the expertise of the investment team.
- Limited exposure to high-growth asset classes.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
PRXEX Latest News
No recent news available for PRXEX.
PRXEX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for PRXEX.
Price Targets
Wall Street price target analysis for PRXEX.
PRXEX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for PRXEX; grades run from A+ (80-100) to F (below 30).
What Investors Ask About T. Rowe Price New Income Fund I Class (PRXEX) — Financials
What does T. Rowe Price New Income Fund I Class do?
T. Rowe Price New Income Fund I Class (PRXEX) is a fixed-income mutual fund that invests primarily in income-producing securities. The fund aims to provide investors with a steady stream of income while preserving capital.
What are the main risks for PRXEX?
The main risks for T. Rowe Price New Income Fund I Class (PRXEX) include interest rate risk, credit risk, and market risk. Interest rate risk refers to the potential for bond values to decline as interest rates rise. Credit risk is the risk that issuers of the fund's underlying securities may default on their obligations.
How sensitive is PRXEX to interest rate changes?
PRXEX's sensitivity to interest rate changes is a critical factor for investors to consider. As a fixed-income fund, its net asset value (NAV) is inversely related to interest rate movements. When interest rates rise, the value of the bonds held by the fund typically decreases, leading to a decline in the fund's NAV.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Financial data is based on available information as of 2026-03-16.