# EDGAR Filing Document

**Accession Number:** 0000080249
**File Stem:** 0001741773-23-000980
**Filing Date:** 2023-3
**Character Count:** 2555
**Document Hash:** b15bf3ef6c3665c3f496dd3ce091f21b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001741773-23-000980.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001741773-23-000980

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**EFFECTIVENESS DATE**: 20230330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price New Income Fund, Inc.
- **CENTRAL INDEX KEY:** 0000080249
- **IRS NUMBER:** 520980581
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-48848
- **FILM NUMBER:** 23777247

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE NEW INCOME FUND INC
- **DATE OF NAME CHANGE:** 19940727

## Series and Classes Contracts Data

### T. Rowe Price New Income Fund, Inc. (Series ID: S000002136)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000005529 | T. Rowe Price New Income Fund, Inc.         | PRCIX           |
| C000005530 | T. Rowe Price New Income Fund-Advisor Class | PANIX           |
| C000005531 | T. Rowe Price New Income Fund-R Class       | RRNIX           |
| C000159679 | T. Rowe Price New Income Fund-I Class       | PRXEX           |
| C000219349 | T. Rowe Price New Income Fund-Z Class       | TRVZX           |

T. Rowe Price New Income Fund

**Supplement to Prospectus and Summary Prospectus dated October 1, 2022**

The following change is effective as of May 1, 2023.

In the Summary Prospectus and Section 1 of the Prospectus, the portfolio manager table under "Management" is supplemented as follows:

Saurabh Sud will join Stephen L. Bartolini as co-portfolio manager and cochair of the fund's Investment Advisory Committee. Mr. Sud joined T. Rowe Price in 2018.

In Section 2 of the Prospectus, the disclosure under "Portfolio Management" is supplemented as follows:

Saurabh Sud will join Stephen L. Bartolini as co-portfolio manager and cochair of the fund's Investment Advisory Committee. Mr. Sud joined the Firm in 2018, and his investment experience dates from 2006. During the past five years, he has served as a portfolio manager with the Firm.

**The date of this supplement is March 30, 2023.**

#### &nbsp;&nbsp;&nbsp;&nbsp; F43-041 3/30/23

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