TRVZX Performance — T. Rowe Price New Income Fund, Inc., Z Class
Data updated: 2026-08-12
TRVZX returned +0.42% year to date and +5.31% over one year to May 2026. Annualised returns are +4.07% over 3 years and +0.14% over 5 years. The fund trailed its Intermediate Core Bond category average: $100 invested three years ago grew to $113, against $115 for the category, and to $105 over one year, against $105. Volatility over the past three years was 5.39% a year. In the 12 months to May 2026 the fund took in a net $1.7B, and assets reached $17.49B.
TRVZX Growth of $100
What $100 invested in T. Rowe Price New Income Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | TRVZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $105 |
| 3 years (Jun 2023 – May 2026) | $113 | $115 |
| 5 years (Jun 2021 – May 2026) | $101 | $103 |
| Since data start (Mar 2020 – May 2026) | $106 | $106 |
TRVZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.42% |
| 1 year | +5.31% |
| 3 years (annualised) | +4.07% |
| 5 years (annualised) | +0.14% |
TRVZX Annual Returns
Calendar-year total returns of T. Rowe Price New Income Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.42% |
| 2025 | +7.43% |
| 2024 | +1.88% |
| 2023 | +5.06% |
| 2022 | −13.94% |
| 2021 | −0.14% |
| 2020 (Mar–Dec) | +6.77% |
TRVZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +1.5% | −1.7% | +0.1% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.5% | +2.3% | −0.1% | +0.3% | −0.6% | +1.5% | −0.1% | +1.1% | +1.1% | +0.6% | +0.6% | −0.1% |
| 2024 | −0.3% | −1.2% | +0.8% | −2.2% | +1.8% | +0.8% | +2.5% | +1.4% | +1.4% | −2.4% | +1.2% | −1.6% |
| 2023 | +3.3% | −2.2% | +2.2% | +0.6% | −1.3% | −0.6% | −0.1% | −0.6% | −2.1% | −1.8% | +4.4% | +3.7% |
| 2022 | −2.0% | −1.1% | −2.7% | −3.9% | +0.2% | −1.9% | +2.4% | −2.6% | −4.5% | −1.6% | +3.8% | −0.5% |
| 2021 | −0.4% | −1.1% | −0.9% | +0.8% | +0.3% | +0.9% | +1.1% | −0.1% | −0.7% | +0.1% | +0.2% | −0.2% |
| 2020 | — | — | −2.4% | +2.7% | +1.3% | +1.7% | +1.9% | −0.4% | 0.0% | −0.3% | +1.4% | +0.6% |
TRVZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.39%
- 3-year Sharpe ratio: -0.08 (vs 4.5% risk-free rate)
- Best month: +4.37% (Nov 2023)
- Worst month: −2.41% (Oct 2024)
TRVZX Fund Flows
Monthly money in and out of T. Rowe Price New Income Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: $1.7B
- 12-month gross sales (incl. reinvestments): $4.1B
- Sales ÷ redemptions: 1.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $266.5M | $275.1M | −$8.6M |
| Apr 2026 | $269.0M | $367.0M | −$98.0M |
| Mar 2026 | $1.1B | $176.3M | $947.2M |
| Feb 2026 | $139.7M | $54.9M | $84.8M |
| Jan 2026 | $315.0M | $331.0M | −$16.0M |
| Dec 2025 | $541.8M | $301.1M | $240.7M |
| Nov 2025 | $105.6M | $145.1M | −$39.5M |
| Oct 2025 | $188.7M | $115.1M | $73.5M |
| Sep 2025 | $185.2M | $127.0M | $58.1M |
| Aug 2025 | $596.0M | $97.5M | $498.5M |
| Jul 2025 | $160.6M | $180.1M | −$19.6M |
| Jun 2025 | $177.4M | $157.4M | $20.0M |
TRVZX Assets Under Management
Net assets of T. Rowe Price New Income Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $17.49B |
| 2026-02-28 | $17.07B |
| 2025-11-30 | $16.68B |
| 2025-08-31 | $16.41B |
| 2025-05-31 | $15.71B |
| 2025-02-28 | $17.15B |
| 2024-11-30 | $17.38B |
| 2024-08-31 | $17.22B |
| 2024-05-31 | $16.52B |
| 2024-02-29 | $16.43B |
| 2023-11-30 | $16.14B |
| 2023-08-31 | $15.56B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.