Fees and Expenses - T. Rowe Price New Income Fund, Inc.
|
Jul. 27, 2026 |
| Prospectus [Line Items] |
|
| Expense Heading [Optional Text] |
Fees
and Expenses
|
| Expense Narrative [Text Block] |
This
table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You
may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table
or example below.
|
| Shareholder Fees Caption [Optional Text] |
Shareholder fees (fees
paid directly from your investment)
|
| Shareholder Fees [Table] |
| |
Investor
Class |
I
Class |
Advisor
Class |
R
Class |
Z
Class |
| Shareholder fees (fees
paid directly from your investment) |
|
| Maximum account fee |
$20 |
a |
— |
|
— |
|
— |
|
— |
|
|
| Operating Expenses Caption [Optional Text] |
Annual fund operating
expenses
(expenses that you pay each year as a
percentage of the value of your investment)
|
| Annual Fund Operating Expenses [Table] |
| |
|
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|
|
|
| Management fees |
0.31 |
% |
0.31 |
% |
0.31 |
% |
0.31 |
% |
0.31 |
% |
| |
|
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|
|
|
|
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|
|
|
| Distribution and service
(12b-1) fees |
— |
|
— |
|
0.25 |
|
0.50 |
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
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| Other expenses |
0.27 |
|
0.05 |
|
0.83 |
|
0.63 |
|
0.01 |
|
| |
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| Total annual fund operating
expenses |
0.58 |
|
0.36 |
|
1.39 |
|
1.44 |
|
0.32 |
|
| |
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|
| Fee waiver/expense reimbursement |
(0.14 |
)b |
— |
|
(0.47 |
)c |
(0.36 |
)d |
(0.32 |
)e |
| |
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| Total annual
fund operating expenses after fee waiver/expense reimbursement |
0.44 |
b |
0.36 |
|
0.92 |
c |
1.08 |
d |
0.00 |
e |
|
| Expense Footnotes [Text Block] |
| a |
Subject
to certain exceptions and account minimums, accounts are charged an annual $20 fee. |
| b |
T.
Rowe Price Associates, Inc., has contractually agreed (through July 31, 2027) to waive its fees and/or bear any expenses (excluding
interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and
expenses) that would cause the class’ ratio of expenses to average daily net assets to exceed 0.44%. The agreement may only
be terminated at any time after July 31, 2027, with approval by the fund’s Board of Directors. Fees waived and expenses
paid under this agreement (and any applicable prior limitations) are subject to reimbursement to T. Rowe Price Associates, Inc.,
by the class whenever the class’ expense ratio is below 0.44%. However, the class will not reimburse T. Rowe Price Associates,
Inc., more than three years from the date such amounts were initially waived or paid. The class may only reimburse T. Rowe Price
Associates, Inc., if the reimbursement does not cause the class’ expense ratio (after the reimbursement is taken into account)
to exceed the class’ current expense limitation (or the expense limitation in place at the time the amounts were waived or
paid). |
| c |
T.
Rowe Price Associates, Inc., has contractually agreed (through July 31, 2027) to waive its fees and/or bear any expenses (excluding
interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and
expenses) that would cause the class’ ratio of expenses to average daily net assets to exceed 0.92%. The agreement may only
be terminated at any time after July 31, 2027, with approval by the fund’s Board of Directors. Fees waived and expenses
paid under this agreement (and any applicable prior limitations) are subject to reimbursement to T. Rowe Price Associates, Inc.,
by the class whenever the class’ expense ratio is below 0.92%. However, the class will not reimburse T. Rowe Price Associates,
Inc., more than three years from the date such amounts were initially waived or paid. The class may only reimburse T. Rowe Price
Associates, Inc., if the reimbursement does not cause the class’ expense ratio (after the reimbursement is taken into account)
to exceed the class’ current expense limitation (or the expense limitation in place at the time the amounts were waived or
paid). |
| d |
T. Rowe Price Associates,
Inc., has contractually agreed (through July 31, 2027) to waive its fees and/or bear any expenses (excluding interest; expenses related
to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses) that would cause
the class’ ratio of expenses to average daily net assets to exceed 1.08%. The agreement may only be terminated at any time
after July 31, 2027, with approval by the fund’s Board of Directors. Fees waived and expenses paid under this agreement
(and any applicable prior limitations) are subject to reimbursement to T. Rowe Price Associates, Inc., by the class whenever the
class’ expense ratio is below 1.08%. However, the class will not reimburse T. Rowe Price Associates, Inc., more than three
years from the date such amounts were initially waived or paid. The class may only reimburse T. Rowe Price Associates, Inc., if the
reimbursement does not cause the class’ expense ratio (after the reimbursement is taken into account) to exceed the class’
current expense limitation (or the expense limitation in place at the time the amounts were waived or paid). |
| e |
T. Rowe Price Associates,
Inc., has contractually agreed to waive and/or bear all the Z Class’ expenses (excluding interest; expenses related to borrowings,
taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses) in their entirety. T. Rowe Price
Associates, Inc., expects this fee waiver and/or expense reimbursement arrangement to remain in place indefinitely, and the agreement
may only be amended or terminated with approval by the fund’s Board of Directors. |
|
| Expense Example [Heading] |
Example
|
| Expense Example Narrative [Text Block] |
This
example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example
assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods,
that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. The example also assumes
that any current expense limitation arrangement remains in place for the period noted in the previous table; therefore, the figures have
been adjusted to reflect fee waivers or expense reimbursements only in the periods for which the expense limitation arrangement is expected
to continue. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
| Expense Example, With Redemption [Table] |
| |
1
Year |
3
Years |
5
Years |
10
Years |
| Investor
Class |
$ |
45 |
$ |
172 |
$ |
310 |
$ |
712 |
| I
Class |
|
37 |
|
116 |
|
202 |
|
456 |
| Advisor
Class |
|
94 |
|
394 |
|
716 |
|
1,628 |
| R
Class |
|
110 |
|
420 |
|
753 |
|
1,693 |
| Z
Class |
|
0 |
|
0 |
|
0 |
|
0 |
|
| Portfolio Turnover [Heading] |
Portfolio
Turnover
|
| Portfolio Turnover [Text Block] |
The
fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher
portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in
a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 146.4% of the average value of its portfolio.
|
| Portfolio Turnover, Rate |
146.40%
|