HYB Profile
The New America High Income Fund Inc., a closed-ended fixed income mutual fund managed by T. Rowe Price Associates, Inc., focuses on investments within the United States fixed income markets. Established on November 19, 1987, the fund seeks opportunities across diversified sectors, aiming primarily at high yield fixed-income securities commonly known as junk bonds, which are rated BB or lower by S&P or Ba or lower by Moody's.
The fund's investment strategy targets companies operating in various sectors, aiming to achieve attractive returns while managing risk. It benchmarks its performance against prominent indices such as the Credit Suisse High Yield Index and the Citigroup 10 Year Treasury Index, reflecting its commitment to rigorous performance evaluation and comparison within the fixed income landscape.
Managed by a team of seasoned professionals at T. Rowe Price Associates, Inc., The New America High Income Fund Inc. plays a crucial role in providing investors with exposure to high yield fixed income instruments, contributing to portfolio diversification and income generation strategies. The fund's domicile in the United States underscores its adherence to regulatory standards and investor protection policies, ensuring transparency and accountability in its operations.
With a longstanding presence in the financial markets, The New America High Income Fund Inc. continues to serve as a trusted vehicle for investors seeking opportunities in the high yield fixed income space, leveraging T. Rowe Price's expertise and commitment to delivering competitive investment results.
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