HYB: Attractive Valuation And Providing Monthly Income [Seeking Alpha]
New America High Income Fund, Inc. (The) (HYB)
US:NYSE Investor Relations:
newamerica-hyb.com
Company Research
Source: Seeking Alpha
Although the fund's performance has been mostly flat since our last update, it has outperformed its non-leveraged, passively managed HYT peer over the long term. HYB pays a monthly distribution with strong distribution coverage as rates stabilize; if rates are cut, we could even see a possible increase. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. New America High Income Fund ( NYSE: HYB ) provides investors with a diversified basket of high-yield income instruments, primarily high-yield bonds. The fund is leveraged, and that was a headwind for the fund when the Fed was aggressively raising interest rates. As their borrowing costs rose for the fund's borrowings, the income left for investors was reduced. The fund holds some senior loan exposure that provides floating rate exposure for the fund's underlying holdings, but it wasn't enough t
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HYB
Sec Filings
- 3/18/24 - Form 40-17G
- 3/14/24 - Form N-CEN
- 3/7/24 - Form N-CSR
- HYB's page on the SEC website