The New America High Income Fund Inc. (HYB)
The New America High Income Fund Inc. operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $8.20, down 1.09% on the session, giving a market capitalisation of $191.7M. On trailing twelve-month figures it carries a trailing P/E of 6.83, a net margin of 144.7%. Its beta of 0.83 implies it has historically moved less than the broad market.
The New America High Income Fund Inc. operates as a closed-end investment vehicle specializing in fixed income, under the professional management of T. Rowe Price Associates, Inc. This fund primarily allocates capital within the United States' debt markets, with a particular focus on high-yield fixed-income instruments, commonly known as "junk bonds." These holdings generally possess credit ratings of BB or lower from S&P, or Ba or below from Moody's. The fund gauges its effectiveness by comparing its portfolio's returns against the Credit Suisse High Yield Index and the Citigroup 10 Year Treasury Index. Formed in the United States on November 19, 1987, it continues to be based domestically.
The New America High Income Fund Inc. is most often compared with the following Financial Services names: