New America High-Income:HYB

    Manage Alerts

    Overview

    As of 2/23/2024. NAV as of 2/16/2024.

     Share
    Price
    NAVPremium/
    Discount
    Current$7.25$8.18-11.25%
    52 Wk Avg$6.74$7.89-14.65%
    52 Wk High$7.41$8.30-10.88%
    52 Wk Low$6.23$7.47-17.89%
    Regular Distribution TypeIncome Only
    Distribution Rate6.61%
    Distribution Amount$0.0400
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective of the Fund is to provide high current income, while seeking to preserve stockholders’ capital, through investment in a professionally managed, diversified portfolio of “high-yield” fixed-income securities, commonly known as “junk bonds”. The Fund’s investment objective may not be changed without the affirmative vote of the holders of a majority of the outstanding shares of the Fund’s Common Stock, which means the lesser of (a) more than 50% of the Fund’s Common Stock or (b) 67% or more of the Fund’s Common Stock present at a meeting at which more than 50% of the outstanding shares of such stock are present or represented by proxy

    Capital Structure

    As of 2/23/2024

    Total Investment Exposure:$275.205M
    Total Common Assets:$191.205M
    Common Shares Outstanding:23,374,744
    Leverage

    As of 2/22/2024

    Preferred Share Assets:
    Total Debt (USD): $84.000M
    Regulatory Leverage (USD): $84.000M
    Effective Leverage (USD): $84.000M
    Effective Leverage (%): 30.52%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management Fees0.50%
    Other Expenses:0.84%
    Baseline Expense: N/A
    Interest Expense:1.14%
    Total: 2.48%
    Fund Management

    Fund Sponsor
    T. Rowe Price

    Portfolio Managers
    Rodney M. Rayburn

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: HYB
    NAV Ticker: XHYBX
    Average Daily Volume (shares): 59,763
    Average Daily Volume (USD): $0.402M
    Inception Date: 2/26/1988
    Inception Share Price: $10.00
    Inception NAV: $0.00
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 2/23/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2023
    $0.2514
    Annualized Distribution Rate on NAV:
    As of 2/23/2024
    5.87%
    Total Return on NAV (12 months):
    As of 2/23/2024
    9.54%
    Avg. Portfolio Coupon:
    As of 2/23/2024
    6.24%
    Total % Portfolio Effectively Leveraged:
    As of 2/23/2024
    30.52%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 2/23/2024

    PeriodAvg Discount
    6 Month-14.19%
    1 Year-14.65%
    3 Year-10.56%
    5 Year-10.85%
    Z-Score

    As of 2/23/2024

    PeriodZStat
    3 Month1.38
    6 Month1.74
    1 Year2.29
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 1/31/2024
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD4.12%-0.24%1.88%0.82%
    202314.66%16.48%15.92%11.97%
    2022-23.07%-16.66%-15.67%-10.18%
    202115.58%6.96%18.38%9.49%
    20202.45%4.28%1.13%3.11%
    201930.20%20.41%21.79%13.91%
    2018-12.61%-6.13%-5.54%-2.01%
    20179.30%10.42%9.77%9.23%
    201632.10%21.14%19.94%16.22%
    2015-5.70%-4.85%-4.93%-4.43%
    20141.12%3.16%2.04%2.36%
    20130.75%9.34%2.61%9.80%
    201212.34%20.17%16.41%20.47%
    201113.78%4.54%  
    201022.20%17.59%  
    2009127.56%86.56%  
    2008-39.45%-33.63%  
    2007-14.32%-0.23%  
    200622.91%13.48%  
    20052.66%4.08%  
    200413.08%14.20%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 1/31/2024
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 2/16/2024
    6.24%
    Number of Holdings:
    As of 6/30/2022
    452
    Annual Portfolio Turnover:
    As of 12/31/2023
    37.82%
    Average Bond Price:
    As of 6/30/2022
    $87.68
    Asset Allocation

    As of 6/30/2022

    Top Sectors

    As of 6/30/2022

    Sector%Portfolio
    Corporate (Super Sector)142.83%
    Corporate Bond133.12%
    Bank Loan8.00%
    Preferred Stock1.00%
    Defensive (Super Sector)0.95%
    Utilities0.95%
    Convertible0.72%
    Government (Super Sector)0.49%
    Government Related0.49%
    Basic Materials0.41%
    Top Holdings

    As of 6/30/2022

    HoldingValue% Portfolio
    iHeartCommunications Inc 8.38%$4.11M2.31%
    Asset Offset$3.41M1.92%
    Rivian Holdings Llc / Rivian Llc / Rivian Automotive Llc 7.18%$3.24M1.82%
    Asurion Llc 2021 Second Lien Term Loan B4$3.10M1.74%
    Entegris Escrow Corp. 5.95%$2.47M1.39%
    Asurion Llc 2021 2nd Lien Term Loan B3$2.26M1.27%
    T-Mobile US Inc 7.13%$2.25M1.27%
    Vistra Energy Corporation 8%$2.18M1.23%
    CCO Holdings, LLC/ CCO Holdings Capital Corp. 5%$2.08M1.17%
    Other Liability$-82.85M-46.61%
    Credit Quality

    As of 6/30/2022

    Maturity Breakdown

    As of 6/30/2022

    Country Allocation

    As of 6/30/2022

    Country% Portfolio
    United States - Fixed Income120.85%
    United Kingdom - Fixed Income4.22%
    Canada - Fixed Income3.44%
    France - Fixed Income2.96%
    Others - Fixed Income2.49%
    Israel - Fixed Income1.83%
    Germany - Fixed Income1.39%
    United States - Equity1.36%
    Netherlands - Fixed Income1.11%
    Ireland - Fixed Income0.81%
    Brazil - Fixed Income0.71%
    Mexico - Fixed Income0.49%
    Australia - Fixed Income0.46%
    China - Fixed Income0.28%
    Colombia - Fixed Income0.28%
    Spain - Fixed Income0.13%
    Chile - Fixed Income0.11%
    Italy - Fixed Income0.05%
    Invalid Country - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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