New America High Income Fund (NYSE: HYB) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high yield fixed-income securities. The fund pursues its objectives by allocating capital to a broad range of U.S. dollar-denominated corporate debt instruments, including below-investment-grade bonds, bank loans, and convertible securities. It employs leverage through preferred shares and borrowings to enhance income potential for its shareholders.
The fund’s investment strategy centers on bottom-up credit analysis and active portfolio management. Its team evaluates issuers’ financial strength, industry positioning, and broader economic trends to identify attractive high yield opportunities. Portfolio managers may adjust sector weightings dynamically, shifting between industrial, financial and utility sectors based on relative value, credit fundamentals and changing market conditions. The fund also selectively allocates to international high yield markets and emerging-market debt when risk-reward profiles are favorable.
Incorporated in 2013, New America High Income Fund has leveraged the resources of experienced fixed-income professionals to manage its portfolio. Its investment adviser is supported by DME Advisors, LLC, which specializes in global credit markets. The fund’s independent board of directors oversees governance, compliance and distribution policies, ensuring alignment with shareholder interests.
Serving a diverse investor base, the fund provides access to the high yield credit market through a closed-end structure that can trade at a premium or discount to net asset value. Monthly distributions are paid from net investment income and net realized capital gains. With a focus on disciplined credit research and risk management, New America High Income Fund aims to deliver consistent income and long-term total return for investors seeking enhanced yield in their fixed-income allocations.
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