# The New America High Income Fund Inc. (HYB): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hyb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Bond - Strategy: Thematic · Inception: 1988-02-19 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 T... ## Key Facts | Metric | Value | |---|---| | Price | $8.20 | | Expense Ratio | 2.40% | | Assets Under Management | $191.7M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $6.64 – $8.41 | | Beta | 0.83 | ## Latest Distribution - Amount: $0.0400 /share - Ex-date: 2025-01-17 - Pay date: 2025-01-31 ## Frequently Asked Questions ### What does HYB invest in? 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. ### What is the expense ratio of HYB? The New America High Income Fund Inc. (HYB) charges an expense ratio of 2.40%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of HYB? Effective duration measures HYB's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HYB's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of HYB? HYB's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of HYB? Yield to maturity (YTM) is the total return you'd earn from HYB if every bond in the portfolio is held to maturity at the current price. HYB's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### How big is HYB? The New America High Income Fund Inc. (HYB) manages $191.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does HYB pay a dividend? The New America High Income Fund Inc. (HYB) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HYB pay dividends? The New America High Income Fund Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HYB's dividend yield? HYB's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is HYB's next ex-dividend date? The most recently announced ex-dividend date for HYB was 2025-01-17. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will HYB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HYB charge its expense ratio? The expense ratio is deducted in tiny daily slices from HYB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HYB cost more than a fund like VOO? HYB's strategy (current expense ratio 2.40%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where HYB sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to HYB? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as HYB (2.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hyb - Distribution history: https://www.dividenddata.com/funds/hyb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hyb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hyb/expenses - Peer comparison: https://www.dividenddata.com/funds/hyb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.