T. Rowe Price New Income boasts robust personnel and operational resources, but it isn't clear they are being marshalled effectively to execute this process. The strategy receives a Morningstar Analyst Rating of Neutral across share classes.
Will PRCIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRCIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRCIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PRCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.