HYB New America High Income Fund Inc

 

The New America High Income Fund, Inc.

               

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands)

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - 132.89% (a) (b)
AEROSPACE & DEFENSE - 3.29%
	400			Spirit AeroSystems, Inc., Senior Notes, 9.75%, 11/15/2030 (c)		B3			$	446
	357			Transdigm, Inc., Senior Notes, 5.5%, 11/15/2027		B3				355
	745			Transdigm, Inc., Senior Notes, 6.75%, 08/15/2028 (c)		Ba3				767
	1,800			Transdigm, Inc., Senior Notes, 6.875%, 12/15/2030 (c)		Ba3				1,881
	1,046			Transdigm, Inc., Senior Notes, 7.125%, 12/01/2031 (c)		Ba3				1,106
	495			Transdigm, Inc., Senior Notes, 6.375%, 03/01/2029 (c)		Ba3				511
	990			Transdigm, Inc., Senior Notes, 6.625%, 03/01/2032 (c)		Ba3				1,030
	420			Transdigm, Inc., Senior Notes, 6%, 01/15/2033 (c)		Ba3				426
										6,522
AIRLINES - 1.09%
	1,015			American Airlines, Inc., Senior Notes, 5.75%, 04/20/2029 (c)		Ba1				1,011
	100			American Airlines, Inc., Senior Notes, 10.75%, 02/15/2026 (c)(e)		NR				105
	300			American Airlines, Inc., Senior Notes, 10.75%, 02/15/2026 (c)(e)		NR				315
	760			United Airlines, Inc., Senior Notes, 4.625%, 04/15/2029 (c)		Ba1				733
										2,164
AUTOMOTIVE - 5.76%
	800			Adient Global Holdings, Senior Notes, 8.25%, 04/15/2031 (c)		B2				847
	270			Benteler International AG, Senior Notes, 10.5%, 05/15/2028 (c)		Ba3				284
	1,300			Clarios Global L.P., Senior Notes, 8.5%, 05/15/2027 (c)		B3				1,307
	552			Dana Financing Luxembourg S.a.r.l., Senior Notes, 8.5%, 07/15/2031 (c)(EUR)		B1				652
	205			Global Auto Holdings Ltd., Senior Notes, 8.375%, 01/15/2029 (c)		B2				198
	510			Global Auto Holdings Ltd., Senior Notes, 8.75%, 01/15/2032 (c)		B2				478
	203			Goodyear Tire and Rubber Company, Senior Notes, 5.625%, 04/30/2033 (d)		B2				178
	450			Metis Merger Sub, LLC, Senior Notes, 6.5%, 05/15/2029 (c)		Caa2				431
	3,500			Rivian Holdings, LLC, Senior Notes, 11.359%, 10/15/2026 (c)(e)		NR				3,513
	905			Tenneco, Inc., Senior Notes, 8%, 11/17/2028 (c)		B1				837
	295			Velocity Vehicle Group, LLC, Senior Notes, 8%, 06/01/2029 (c)		B2				306
	1,075			Wand NewCo 3, Inc., Senior Notes, 7.625%, 01/30/2032 (c)		B3				1,129
	170			ZF North American Capital, Inc., Senior Notes, 6.875%, 04/14/2028 (c)		Ba1				173
	415			ZF North American Capital, Inc., Senior Notes, 7.125%, 04/14/2030 (c)		Ba1				432
	410			ZF North American Capital, Inc., Senior Notes, 6.75%, 04/23/2030 (c)		Ba1				410
	245			ZF North American Capital, Inc., Senior Notes, 6.875%, 04/23/2032 (c)		Ba1				246
										11,421
BUILDING & REAL ESTATE - 1.23%
	180			Castle UK Finco, Plc, Senior Notes, 7%, 05/15/2029 (c)(GBP)		B1				233
	735			Cushman & Wakefield U.S. Borrower, LLC, Senior Notes, 6.75%, 05/15/2028 (c)		Ba3				741
	570			Howard Hughes Corporation, Senior Notes, 5.375%, 08/01/2028 (c)		Ba3				560
	645			Howard Hughes Corporation, Senior Notes, 4.125%, 02/01/2029 (c)		Ba3				600
	345			Howard Hughes Corporation, Senior Notes, 4.375%, 02/01/2031 (c)		Ba3				316
										2,450
BUILDING PRODUCTS - 2.34%
	210			Advanced Drainage Systems, Inc., Senior Notes, 6.375%, 06/15/2030 (c)		Ba2				214
	175			Beacon Roofing Supply, Inc., Senior Notes, 6.5%, 08/01/2030 (c)		Ba2				180
	260			Builders FirstSource, Inc., Senior Notes, 6.375%, 06/15/2032 (c)		Ba2				269
	410			Builders FirstSource, Inc., Senior Notes, 6.375%, 03/01/2034 (c)		Ba2				424
	675			MITER Brands Acquisition Holdco, Inc., Senior Notes, 6.75%, 04/01/2032 (c)		B1				698
	625			New Enterprise Stone and Lime Company, Inc., Senior Notes, 5.25%, 07/15/2028 (c)		B1				609
	267			Specialty Building Products Holdings, LLC, Senior Notes, 6.375%, 09/30/2026 (c)		B3				265
	640			Summit Materials, LLC, Senior Notes, 6.5%, 03/15/2027 (c)		Ba3				638
	1,020			Summit Materials, LLC, Senior Notes, 5.25%, 01/15/2029 (c)		Ba3				1,006
	320			Summit Materials, LLC, Senior Notes, 7.25%, 01/15/2031 (c)		Ba3				338
										4,641

The New America High Income Fund, Inc.

               

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
CABLE OPERATORS - 8.24%
	795			Altice Financing S.A., Senior Notes, 5.75%, 08/15/2029 (c)		Caa1				640
	2,340			Altice France Holding S.A., Senior Notes, 6%, 02/15/2028 (c)		Ca				702
	1,620			Altice France Holding S.A., Senior Notes, 10.5%, 05/15/2027 (c)		Ca				567
	995			C&W Senior Financing DAC, Senior Notes, 6.875%, 09/15/2027 (c)		B2				988
	1,090			CCO Holdings, LLC, Senior Notes, 4.5%, 06/01/2033 (c)		B1				921
	370			CCO Holdings, LLC, Senior Notes, 4.75%, 02/01/2032 (c)		B1				325
	2,844			CCO Holdings, LLC, Senior Notes, 6.375%, 09/01/2029 (c)		B1				2,836
	1,425			CCO Holdings, LLC, Senior Notes, 7.375%, 03/01/2031 (c)		B1				1,455
	460			CSC Holdings, LLC, Senior Notes, 7.5%, 04/01/2028 (c)		Ca				305
	741			CSC Holdings, LLC, Senior Notes, 6.5%, 02/01/2029 (c)		Caa1				611
	475			CSC Holdings, LLC, Senior Notes, 11.25%, 05/15/2028 (c)		Caa1				458
	1,080			CSC Holdings, LLC, Senior Notes, 11.75%, 01/31/2029 (c)		Caa1				1,041
	599			DIRECTV Financing, LLC, Senior Notes, 5.875%, 08/15/2027 (c)		B1				589
	720			Dish DBS Corporation, Senior Notes, 7.75%, 07/01/2026		Caa3				626
	450			Dish DBS Corporation, Senior Notes, 7.375%, 07/01/2028		Caa3				338
	690			Dish DBS Corporation, Senior Notes, 5.25%, 12/01/2026 (c)		Caa1				639
	687			Dish DBS Corporation, Senior Notes, 5.75%, 12/01/2028 (c)		Caa1				598
	182			GCI, LLC, Senior Notes, 4.75%, 10/15/2028 (c)		B3				175
	202			LCPR Senior Secured Financing DAC, Senior Notes, 6.75%, 10/15/2027 (c)		B2				184
	555			Midcontinent Communications, Senior Notes, 8%, 08/15/2032 (c)		B3				565
	595			Sable International Finance Ltd., Senior Notes, 7.125%, 10/15/2032 (c)		Ba3				599
	1,388			VMed O2 UK Financing I, Plc, Senior Notes, 4.75%, 07/15/2031 (c)		Ba3				1,225
										16,387
CHEMICALS - 4.39%
	1,046			Avient Corporation, Senior Notes, 7.125%, 08/01/2030 (c)		Ba3				1,088
	285			Avient Corporation, Senior Notes, 6.25%, 11/01/2031 (c)		Ba3				292
	310			Axalta Coating Systems Dutch Holding B B.V., Senior Notes, 7.25%, 02/15/2031 (c)		Ba3				331
	260			Celanese U.S. Holdings, LLC, Senior Notes, 6.55%, 11/15/2030		Baa3				280
	950			Celanese U.S. Holdings, LLC, Senior Notes, 6.7%, 11/15/2033		Baa3				1,037
	1,079			CVR Partners, L.P., Senior Notes, 6.125%, 06/15/2028 (c)		B1				1,051
	847			GPD Companies, Inc., Senior Notes, 10.125%, 04/01/2026 (c)		Caa1				783
	280			Methanex Corporation, Senior Notes, 5.25%, 12/15/2029 (d)		Ba1				275
	480			Methanex Corporation, Senior Notes, 5.125%, 10/15/2027		Ba1				473
	750			PMHC II, Inc., Senior Notes, 9%, 02/15/2030 (c)		Caa2				698
	935			W.R. Grace Holdings, LLC, Senior Notes, 5.625%, 08/15/2029 (c)		B3				878
	531			W.R. Grace Holdings, LLC, Senior Notes, 7.375%, 03/01/2031 (c)		B1				556
	920			Windsor Holdings III, LLC, Senior Notes, 8.5%, 06/15/2030 (c)		B2				981
										8,723
CONSUMER PRODUCTS - 0.34%
	671			Life Time, Inc., Senior Notes, 8%, 04/15/2026 (c)		Caa1				675
										675
CONTAINER - 1.88%
	905			Ball Corporation, Senior Notes, 6.875%, 03/15/2028		Ba1				933
	1,070			Ball Corporation, Senior Notes, 6%, 06/15/2029		Ba1				1,105
	430			Clydesdale Acquisition Holdings, Inc., Senior Notes, 8.75%, 04/15/2030 (c)		Caa2				436
	37			Sealed Air Corporation, Senior Notes, 6.875%, 07/15/2033 (c)		Ba2				40
	250			Sealed Air Corporation, Senior Notes, 5%, 04/15/2029 (c)		Ba2				246
	295			Sealed Air Corporation, Senior Notes, 6.125%, 02/01/2028 (c)		Ba2				299
	360			Sealed Air Corporation, Senior Notes, 7.25%, 02/15/2031 (c)		Ba2				380
	270			Trident TPI Holdings, Inc., Senior Notes, 12.75%, 12/31/2028 (c)		Caa2				300
										3,739

The New America High Income Fund, Inc.

               

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
ENERGY - 20.60%
	658			Aethon United BR L.P., Senior Notes, 7.5%, 10/01/2029 (c)		B3				665
	670			Amerigas Partners, L.P., Senior Notes, 9.375%, 06/01/2028 (c)		B2				702
	125			Antero Resources Corporation, Senior Notes, 7.625%, 02/01/2029 (c)		Ba2				129
	1,175			Chesapeake Energy Corporation, Senior Notes, 6.75%, 04/15/2029 (c)		Ba2				1,194
	270			Civitas Resources, Inc., Senior Notes, 8.375%, 07/01/2028 (c)		B1				281
	400			Civitas Resources, Inc., Senior Notes, 8.75%, 07/01/2031 (c)		B1				422
	305			Civitas Resources, Inc., Senior Notes, 8.625%, 11/01/2030 (c)		B1				323
	1,015			Comstock Resources, Inc., Senior Notes, 6.75%, 03/01/2029 (c)		B3				988
	530			Comstock Resources, Inc., Senior Notes, 5.875%, 01/15/2030 (c)		B3				496
	1,060			Crescent Energy Finance, Senior Notes, 9.25%, 02/15/2028 (c)		B1				1,102
	620			Crescent Energy Finance, Senior Notes, 7.625%, 04/01/2032 (c)		B1				619
	1,390			Crescent Energy Finance, Senior Notes, 7.375%, 01/15/2033 (c)		B1				1,371
	525			Crestwood Midstream Partners, L.P., Senior Notes, 7.375%, 02/01/2031 (c)		Baa2				558
	540			Diamond Foreign Asset Company, Senior Notes, 8.5%, 10/01/2030 (c)		B3				564
	650			Ferrellgas, L.P., Senior Notes, 5.875%, 04/01/2029 (c)		B3				606
	480			Gulfport Energy Operating Corporation, Senior Notes, 6.75%, 09/01/2029 (c)		B3				485
	305			Hilcorp Energy, L.P., Senior Notes, 5.75%, 02/01/2029 (c)		Ba2				296
	385			Hilcorp Energy, L.P., Senior Notes, 6%, 02/01/2031 (c)		Ba2				374
	240			Hilcorp Energy, L.P., Senior Notes, 6%, 04/15/2030 (c)		Ba2				233
	429			Hilcorp Energy, L.P., Senior Notes, 6.25%, 04/15/2032 (c)		Ba2				417
	860			Hilcorp Energy, L.P., Senior Notes, 8.375%, 11/01/2033 (c)		Ba2				925
	870			Hilcorp Energy, L.P., Senior Notes, 6.875%, 05/15/2034 (c)		Ba2				866
	1,420			Kinetik Holdings, L.P., Senior Notes, 5.875%, 06/15/2030 (c)		Ba1				1,429
	1,036			Kinetik Holdings, L.P., Senior Notes, 6.625%, 12/15/2028 (c)		Ba1				1,074
	805			Magnolia Oil & Gas Operating, LLC, Senior Notes, 6%, 08/01/2026 (c)		B1				802
	385			Matador Resources Company, Senior Notes, 6.5%, 04/15/2032 (c)		B1				385
	305			NGL Energy Operating, LLC, Senior Notes, 8.125%, 02/15/2029 (c)		B2				312
	925			NGL Energy Operating, LLC, Senior Notes, 8.375%, 02/15/2032 (c)		B2				952
	1,190			Nustar Logistics, L.P., Senior Notes, 6%, 06/01/2026 (d)		Ba1				1,194
	790			Occidental Petroleum Corporation, Senior Notes, 7.95%, 06/15/2039		Baa3				950
	755			Occidental Petroleum Corporation, Senior Notes, 6.2%, 03/15/2040		Baa3				785
	500			Permian Resources Operating, LLC, Senior Notes, 9.875%, 07/15/2031 (c)		Ba3				558
	500			Permian Resources Operating, LLC, Senior Notes, 7%, 01/15/2032 (c)		Ba3				519
	475			Permian Resources Operating, LLC, Senior Notes, 6.25%, 02/01/2033 (c)		Ba3				482
	620			Prairie Acquiror, L.P., Senior Notes, 9%, 08/01/2029 (c)		B3				639
	215			Range Resources Corporation, Senior Notes, 8.25%, 01/15/2029		Ba3				222
	270			Range Resources Corporation, Senior Notes, 4.75%, 02/15/2030 (c)		Ba3				260
	1,070			Seadrill Finance Ltd., Senior Notes, 8.375%, 08/01/2030 (c)		B2				1,115
	320			Solaris Midstream Holdings, LLC, Senior Notes, 7.625%, 04/01/2026 (c)		B3				321
	65			South Bow Canadian Infrastructure Holdings Ltd., Senior Notes, 7.625%, 03/01/2055 (c)(d)		Ba1				67
	95			South Bow Canadian Infrastructure Holdings Ltd., Senior Notes, 7.5%, 03/01/2055 (c)		Ba1				99
	1,515			Southwestern Energy Company, Senior Notes, 4.75%, 02/01/2032		Ba2				1,447
	570			SUNOCO, L.P., Senior Notes, 7%, 05/01/2029 (c)		Ba1				595
	935			SUNOCO, L.P., Senior Notes, 7.25%, 05/01/2032 (c)		Ba1				990
	405			Tallgrass Energy Partners, L.P., Senior Notes, 6%, 03/01/2027 (c)		B1				403
	1,170			Tallgrass Energy Partners, L.P., Senior Notes, 6%, 12/31/2030 (c)		B1				1,109
	635			Tallgrass Energy Partners, L.P., Senior Notes, 6%, 09/01/2031 (c)		B1				599
	555			Tallgrass Energy Partners, L.P., Senior Notes, 7.375%, 02/15/2029 (c)		B1				561
	259			Transocean Aquila Ltd, Senior Notes, 8%, 09/30/2028 (c)		B1				265
	730			Transocean, Inc., Senior Notes, 6.8%, 03/15/2038		Caa2				595
	764			Transocean, Inc., Senior Notes, 8.75%, 02/15/2030 (c)		B1				797
	230			Transocean, Inc., Senior Notes, 8.25%, 05/15/2029 (c)		Caa1				227
	550			Transocean, Inc., Senior Notes, 8.5%, 05/15/2031 (c)		Caa1				545
	405			Valaris Ltd, Senior Notes, 8.375%, 04/30/2030 (c)		B1				416
	1,380			Venture Global Calcasieu Pass, LLC, Senior Notes, 6.25%, 01/15/2030 (c)		Ba2				1,442

The New America High Income Fund, Inc.

               

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
	665			Venture Global LNG, Inc., Senior Notes, 8.125%, 06/01/2028 (c)		B1				693
	2,100			Venture Global LNG, Inc., Senior Notes, 8.375%, 06/01/2031 (c)		B1				2,213
	655			Venture Global LNG, Inc., Senior Notes, 9.5%, 02/01/2029 (c)		B1				736
	965			Venture Global LNG, Inc., Senior Notes, 9%, 12/31/2099 (c)(f)		B3				978
	585			Vermilion Energy, Inc., Senior Notes, 6.875%, 05/01/2030 (c)		B3				585
										40,977
ENTERTAINMENT & LEISURE - 6.54%
	45			Carnival Corporation, Senior Notes, 6%, 05/01/2029 (c)		B2				46
	1,275			Carnival Corporation, Senior Notes, 10.5%, 06/01/2030 (c)		B2				1,383
	360			Carnival Corporation, Senior Notes, 7%, 08/15/2029 (c)		Ba1				383
	910			CDI Escrow Issuer, Inc., Senior Notes, 5.75%, 04/01/2030 (c)		B1				908
	531			Cedar Fair, L.P., Senior Notes, 5.25%, 07/15/2029		B1				521
	585			Cinemark USA, Inc., Senior Notes, 5.25%, 07/15/2028 (c)(d)		B2				575
	830			Cinemark USA, Inc., Senior Notes, 7%, 08/01/2032 (c)		B2				865
	660			Merlin Entertainments Group U.S. Holdings, Inc., Senior Notes, 7.375%, 02/15/2031 (c)		B2				660
	125			Motion Finco, S.a.r.l., Senior Notes, 7.375%, 06/15/2030 (EUR)		B2				140
	370			Motion Finco, S.a.r.l., Senior Notes, 7.375%, 06/15/2030 (c)		B2				416
	340			NCL Corporation Ltd., Senior Notes, 5.875%, 02/15/2027 (c)		B1				340
	835			NCL Corporation Ltd., Senior Notes, 7.75%, 02/15/2029 (c)		Caa1				893
	245			NCL Corporation Ltd., Senior Notes, 8.125%, 01/15/2029 (c)		B1				262
	215			NCL Finance Ltd., Senior Notes, 6.125%, 03/15/2028 (c)		Caa1				219
	480			Royal Caribbean Cruises Ltd., Senior Notes, 5.5%, 04/01/2028 (c)		Ba2				485
	375			Royal Caribbean Cruises Ltd., Senior Notes, 6.25%, 03/15/2032 (c)		Ba2				389
	840			Royal Caribbean Cruises Ltd., Senior Notes, 6%, 02/01/2033 (c)		Ba2				861
	410			Royal Caribbean Cruises Ltd., Senior Notes, 5.625%, 09/30/2031 (c)		Ba2				416
	960			Seaworld Parks & Entertainment, Inc., Senior Notes, 5.25%, 08/15/2029 (c)		B2				934
	730			Six Flags Entertainment, Inc., Senior Notes, 5.5%, 04/15/2027 (c)		B1				726
	1,110			Six Flags Entertainment, Inc., Senior Notes, 7.25%, 05/15/2031 (c)		B1				1,147
	410			Six Flags Entertainment, Inc., Senior Notes, 6.625%, 05/01/2032 (c)		Ba1				424
										12,993
FINANCIAL - 15.18%
	550			Acrisure, LLC, Senior Notes, 8.25%, 02/01/2029 (c)		Caa2				567
	965			Acrisure, LLC, Senior Notes, 7.5%, 11/06/2030 (c)		B2				992
	690			Acrisure, LLC, Senior Notes, 8.5%, 06/15/2029 (c)		Caa2				718
	1,135			Alliant Holdings, Senior Notes, 6.75%, 10/15/2027 (c)		Caa2				1,131
	315			Alliant Holdings, Senior Notes, 5.875%, 11/01/2029 (c)		Caa2				302
	1,641			Alliant Holdings, Senior Notes, 7%, 01/15/2031 (c)		B2				1,682
	705			Alliant Holdings, Senior Notes, 7.375%, 10/01/2032 (c)(d)		Caa2				713
	660			Apollo Commercial Real Estate Finance, Inc., Senior Notes, 4.625%, 06/15/2029 (c)		Ba3				589
	702			AssuredPartners, Inc., Senior Notes, 7.5%, 02/15/2032 (c)		Caa2				720
	475			Cobra Acquisition Company, LLC, Senior Notes, 6.375%, 11/01/2029 (c)		B3				388
	419			Focus Financial Partners, LLC, Senior Notes, 6.75%, 09/15/2031 (c)		B2				422
	790			HUB International Ltd., Senior Notes, 5.625%, 12/01/2029 (c)		Caa2				773
	1,585			HUB International Ltd., Senior Notes, 7.25%, 06/15/2030 (c)		B2				1,648
	2,075			HUB International Ltd., Senior Notes, 7.375%, 01/31/2032 (c)		Caa2				2,140
	943			Jane Street Group, LLC, Senior Notes, 7.125%, 04/30/2031 (c)		Ba1				1,000
	230			Jerrold Finco Plc, Senior Notes, 5.25%, 01/15/2027 (e)(GBP)		NR				302
	340			Jones Deslauriers Insurance Management, Inc., Senior Notes, 10.5%, 12/15/2030 (c)		Caa2				370
	785			Jones Deslauriers Insurance Management, Inc., Senior Notes, 8.5%, 03/15/2030 (c)		B2				836
	950			Midcap Financial Issuer Trust, Senior Notes, 6.5%, 05/01/2028 (c)		B1				918
	480			Midcap Financial Issuer Trust, Senior Notes, 5.625%, 01/15/2030 (c)		B1				442
	295			Navient Corporation, Senior Notes, 5%, 03/15/2027 (d)		Ba3				291
	685			Navient Corporation, Senior Notes, 4.875%, 03/15/2028		Ba3				659
	630			Navient Corporation, Senior Notes, 5.5%, 03/15/2029 (d)		Ba3				610
	1,665			Navient Corporation, Senior Notes, 9.375%, 07/25/2030		Ba3				1,834

The New America High Income Fund, Inc.

               

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
	650			Navient Corporation, Senior Notes, 11.5%, 03/15/2031		Ba3				738
	611			Navient Corporation, Senior Notes, 5.625%, 08/01/2033		Ba3				538
	485			OneMain Finance Corporation, Senior Notes, 7.875%, 03/15/2030		Ba2				506
	390			OneMain Finance Corporation, Senior Notes, 7.5%, 05/15/2031		Ba2				401
	415			OneMain Finance Corporation, Senior Notes, 7.125%, 11/15/2031		Ba2				419
	1,550			OneMain Finance Corporation, Senior Notes, 9%, 01/15/2029		Ba2				1,639
	65			OneMain Finance Corporation, Senior Notes, 5.375%, 11/15/2029		Ba2				62
	1,385			Panther Escrow Issuer, LLC, Senior Notes, 7.125%, 06/01/2031 (c)		B2				1,447
	840			PennyMac Financial Services, Inc., Senior Notes, 4.25%, 02/15/2029 (c)		Ba3				799
	617			PennyMac Financial Services, Inc., Senior Notes, 7.875%, 12/15/2029 (c)		Ba3				656
	690			PennyMac Financial Services, Inc., Senior Notes, 7.125%, 11/15/2030 (c)		Ba3				713
	790			Prog Holdings, Inc., Senior Notes, 6%, 11/15/2029 (c)		B1				780
	260			Ryan Specialty Group, LLC, Senior Notes, 5.875%, 08/01/2032 (c)		B1				264
	235			Ryan Specialty Group, LLC, Senior Notes, 4.375%, 02/01/2030 (c)		B1				226
	320			United Wholesale Mortgage, LLC, Senior Notes, 5.5%, 04/15/2029 (c)		Ba3				312
	635			United Wholesale Mortgage, LLC, Senior Notes, 5.75%, 06/15/2027 (c)		Ba3				631
										30,178
FOOD - 1.44%
	270			B&G Foods, Inc., Senior Notes, 8%, 09/15/2028 (c)		B1				281
	610			BellRing Brands, Inc., Senior Notes, 7%, 03/15/2030 (c)		B2				637
	555			Chobani, LLC, Senior Notes, 7.625%, 07/01/2029 (c)		Caa1				583
	685			Darling Ingredients, Inc., Senior Notes, 6%, 06/15/2030 (c)		Ba2				689
	325			Post Holdings, Inc., Senior Notes, 6.25%, 02/15/2032 (c)		Ba1				335
	345			Triton Water Holdings, Inc., Senior Notes, 6.25%, 04/01/2029 (c)		Caa2				343
										2,868
FOREST PRODUCTS - 0.39%
	450			Cascades, Inc., Senior Notes, 5.375%, 01/15/2028 (c)		Ba3				440
	355			Graphic Packaging International, LLC, Senior Notes, 3.75%, 02/01/2030 (c)		Ba2				330
										770
GAMING - 4.26%
	545			Caesars Entertainment, Inc., Senior Notes, 7%, 02/15/2030 (c)		Ba3				570
	380			Caesars Entertainment, Inc., Senior Notes, 6.5%, 02/15/2032 (c)		Ba3				391
	1,355			Caesars Entertainment, Inc., Senior Notes, 8.125%, 07/01/2027 (c)		B3				1,382
	580			Churchill Downs, Inc., Senior Notes, 6.75%, 05/01/2031 (c)		B1				598
	275			Cirsa Finance International, S.a.r.l., Senior Notes, 4.5%, 03/15/2027 (c)(EUR)		B2				303
	90			Cirsa Finance International, S.a.r.l., Senior Notes, 10.375%, 11/30/2027 (c)(EUR)		B2				106
	125			Cirsa Finance International, S.a.r.l., Senior Notes, 6.5%, 03/15/2029 (c)		B2				145
	375			International Game Technology Plc, Senior Notes, 5.25%, 01/15/2029 (c)		Ba1				373
	260			Light & Wonder International, Inc., Senior Notes, 7.5%, 09/01/2031 (c)		B2				273
	120			Lottomatica SpA, Senior Notes, 7.125%, 06/01/2028 (c)(EUR)		Ba3				141
	435			MGM Growth Properties, LLC, Senior Notes, 5.75%, 02/01/2027		WR				443
	500			Midwest Gaming Borrower, LLC, Senior Notes, 4.875%, 05/01/2029 (c)		B3				478
	280			Ontario Gaming GTA L.P., Senior Notes, 8%, 08/01/2030 (c)		B3				291
	475			Playtika Holding Corporation, Senior Notes, 4.25%, 03/15/2029 (c)		B2				435
	565			SC Games Holdings, Senior Notes, 6.625%, 03/01/2030 (c)		Caa2				560
	530			Scientific Games Inernational, Inc., Senior Notes, 7%, 05/15/2028 (c)		B2				534
	1,390			Scientific Games Inernational, Inc., Senior Notes, 7.25%, 11/15/2029 (c)		B2				1,435
										8,458

 

The New America High Income Fund, Inc.

 

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
HEALTHCARE - 11.81%
	1,240			Athena Health Group, Inc., Senior Notes, 6.5%, 02/15/2030 (c)		Caa2				1,190
	1,415			Avantor Funding, Inc., Senior Notes, 4.625%, 07/15/2028 (c)		B1				1,381
	940			Bausch & Lomb Escrow Corporation, Senior Notes, 8.375%, 10/01/2028 (c)		B1				994
	627			CHS/Community Health Systems, Inc., Senior Notes, 8%, 12/15/2027 (c)		Caa1				627
	455			CHS/Community Health Systems, Inc., Senior Notes, 6%, 01/15/2029 (c)		Caa1				441
	450			CHS/Community Health Systems, Inc., Senior Notes, 6.125%, 04/01/2030 (c)		Caa3				384
	345			CHS/Community Health Systems, Inc., Senior Notes, 5.25%, 05/15/2030 (c)		Caa1				318
	825			CHS/Community Health Systems, Inc., Senior Notes, 10.875%, 01/15/2032 (c)		Caa1				910
	275			Concentra Escrow Issuer Corporation, Senior Notes, 6.875%, 07/15/2032 (c)		B1				289
	835			DaVita, Inc., Senior Notes, 6.875%, 09/01/2032 (c)		Ba3				860
	280			Iqvia, Inc., Senior Notes, 6.5%, 05/15/2030 (c)		Ba2				291
	151			LifePoint Health, Inc., Senior Notes, 5.375%, 01/15/2029 (c)		Caa2				141
	89			LifePoint Health, Inc., Senior Notes, 9.875%, 08/15/2030 (c)		B2				98
	1,525			LifePoint Health, Inc., Senior Notes, 11%, 10/15/2030 (c)		B2				1,719
	984			LifePoint Health, Inc., Senior Notes, 10%, 06/01/2032 (c)		Caa2				1,077
	1,725			Medline Borrower, L.P., Senior Notes, 6.25%, 04/01/2029 (c)		Ba3				1,772
	1,815			Medline Borrower, L.P., Senior Notes, 5.25%, 10/01/2029 (c)		B3				1,781
	570			Molina Healthcare, Inc., Senior Notes, 4.375%, 06/15/2028 (c)		Ba2				554
	515			MPT Operating Partnership, L.P., Senior Notes, 5%, 10/15/2027 (d)		B1				462
	735			Organon & Company, Senior Notes, 5.125%, 04/30/2031 (c)(d)		B1				691
	265			Perrigo Finance Unlimited Company, Senior Notes, 6.125%, 09/30/2032		Ba3				266
	668			STAR Parent, Inc., Senior Notes, 9%, 10/01/2030 (c)		B1				716
	424			Tenet Healthcare Corporation, Senior Notes, 6.875%, 11/15/2031 (d)		B3				463
	1,640			Tenet Healthcare Corporation, Senior Notes, 6.125%, 10/01/2028		B3				1,650
	1,060			Tenet Healthcare Corporation, Senior Notes, 6.125%, 06/15/2030		B1				1,076
	700			Tenet Healthcare Corporation, Senior Notes, 4.375%, 01/15/2030		B1				672
	405			Tenet Healthcare Corporation, Senior Notes, 6.75%, 05/15/2031		B1				421
	154			Teva Pharmaceutical Finance Company, LLC, Senior Notes, 6.15%, 02/01/2036		Ba2				159
	465			Teva Pharmaceutical Finance Netherlands III BV, Senior Notes, 6.75%, 03/01/2028		Ba2				484
	415			Teva Pharmaceutical Finance Netherlands III BV, Senior Notes, 5.125%, 05/09/2029		Ba2				412
	565			Teva Pharmaceutical Finance Netherlands III BV, Senior Notes, 8.125%, 09/15/2031		Ba2				648
	455			Teva Pharmaceutical Finance Netherlands III BV, Senior Notes, 7.875%, 09/15/2029		Ba2				503
										23,450
INFORMATION TECHNOLOGY - 7.97%
	810			Capstone Borrower, Inc., Senior Notes, 8%, 06/15/2030 (c)		B2				857
	273			Carvana Co., Senior Notes, 14%, 06/01/2031 (c)		Caa1u				321
	282			Carvana Co., Senior Notes, 13%, 06/01/2030 (c)		Caa1u				307
	780			Central Parent, LLC, Senior Notes, 8%, 06/15/2029 (c)		B2				808
	575			Central Parent/CDK Global, Inc., Senior Notes, 7.25%, 06/15/2029 (c)		B2				587
	2,415			Cloud Software Group, Inc., Senior Notes, 9%, 09/30/2029 (c)		Caa2				2,468
	690			Cloud Software Group, Inc., Senior Notes, 8.25%, 06/30/2032 (c)		B2				721
	1,060			Cloud Software Group, Inc., Senior Notes, 6.5%, 03/31/2029 (c)		B2				1,051
	953			Dye & Durham Corporation, Senior Notes, 8.625%, 04/15/2029 (c)		B1				1,008
	1,360			Entegris, Inc., Senior Notes, 5.95%, 06/15/2030 (c)		Ba2				1,386
	805			General Digital, Inc., Senior Notes, 7.125%, 09/30/2030 (c)		B1				845
	275			Go Daddy, Inc., Senior Notes, 5.25%, 12/01/2027 (c)		Ba3				273
	295			Match Group Holdings II, LLC, Senior Notes, 5%, 12/15/2027 (c)		Ba3				291
	148			Match Group Holdings II, LLC, Senior Notes, 5.625%, 02/15/2029 (c)(d)		Ba3				147
	965			Match Group Holdings II, LLC, Senior Notes, 4.125%, 08/01/2030 (c)		Ba3				900
	305			Match Group Holdings II, LLC, Senior Notes, 4.625%, 06/01/2028 (c)		Ba3				297
	475			Match Group Holdings II, LLC, Senior Notes, 3.625%, 10/01/2031 (c)		Ba3				426
	1,610			McAfee Corporation, Senior Notes, 7.375%, 02/15/2030 (c)		Caa1				1,570
	475			Roblox Corporation, Senior Notes, 3.875%, 05/01/2030 (c)		Ba2				441
	380			SS&C Technologies, Inc., Senior Notes, 6.5%, 06/01/2032 (c)		Ba3				392
	285			Twilio, Inc., Senior Notes, 3.625%, 03/15/2029		Ba3				265
	510			Twilio, Inc., Senior Notes, 3.875%, 03/15/2031		Ba3				470
										15,831

The New America High Income Fund, Inc.

 

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
LODGING - 1.14%
	305			Hilton Domestic Operating Company, Inc., Senior Notes, 6.125%, 04/01/2032 (c)		Ba2				314
	380			Hilton Domestic Operating Company, Inc., Senior Notes, 5.875%, 03/15/2033 (c)		Ba2				387
	300			Park Intermediate Holdings, LLC, Senior Notes, 5.875%, 10/01/2028 (c)		B1				299
	370			Park Intermediate Holdings, LLC, Senior Notes, 4.875%, 05/15/2029 (c)		B1				358
	220			Park Intermediate Holdings, LLC, Senior Notes, 7%, 02/01/2030 (c)		B1				228
	630			RHP Hotel Properties, L.P., Senior Notes, 4.5%, 02/15/2029 (c)		Ba3				608
	75			RHP Hotel Properties, L.P., Senior Notes, 7.25%, 07/15/2028 (c)		Ba3				78
										2,272
MANUFACTURING - 2.02%
	200			ARCOSA, INC., Senior Notes, 6.875%, 08/15/2032 (c)		Ba3				209
	325			Hillenbrand, Inc., Senior Notes, 3.75%, 03/01/2031		Ba1				289
	735			Madison IAQ, LLC, Senior Notes, 4.125%, 06/30/2028 (c)		B1				710
	420			Madison IAQ, LLC, Senior Notes, 5.875%, 06/30/2029 (c)		Caa1				407
	765			Mueller Water Products, Senior Notes, 4%, 06/15/2029 (c)		Ba1				728
	735			Sensata Technologies, Inc., Senior Notes, 4%, 04/15/2029 (c)		Ba2				696
	700			Sensata Technologies, Inc., Senior Notes, 5.875%, 09/01/2030 (c)		Ba2				703
	270			Stevens Holding Company, Inc., Senior Notes, 6.125%, 10/01/2026 (c)		WR				267
										4,009
MEDIA - 6.46%
	1,080			Clear Channel Outdoor Holdings, Inc., Senior Notes, 7.75%, 04/15/2028 (c)		Caa3				964
	540			Clear Channel Outdoor Holdings, Inc., Senior Notes, 7.5%, 06/01/2029 (c)		Caa3				466
	1,340			Clear Channel Outdoor Holdings, Inc., Senior Notes, 9%, 09/15/2028 (c)		B2				1,424
	440			Clear Channel Outdoor Holdings, Inc., Senior Notes, 7.875%, 04/01/2030 (c)		B2				459
	1,130			CMG Media Corporation, Senior Notes, 8.875%, 12/15/2027 (c)		Caa3				661
	620			Gray Escrow II, Inc., Senior Notes, 7%, 05/15/2027 (c)		Caa1				609
	222			Gray Escrow II, Inc., Senior Notes, 5.375%, 11/15/2031 (c)		Caa1				138
	74			Lamar Media Corporation, Senior Notes, 4%, 02/15/2030		Ba3				69
	681			Lamar Media Corporation, Senior Notes, 4.875%, 01/15/2029		Ba3				671
	1,570			Midas Opco Holdings, LLC, Senior Notes, 5.625%, 08/15/2029 (c)		B2				1,519
	952			Neptune Bidco US, Inc., Senior Notes, 9.29%, 04/15/2029 (c)		B2				933
	200			Outfront Media Capital, LLC, Senior Notes, 7.375%, 02/15/2031 (c)		Ba1				213
	987			Sirius XM Radio, Inc., Senior Notes, 5%, 08/01/2027 (c)		Ba3				971
	740			Sirius XM Radio, Inc., Senior Notes, 4.125%, 07/01/2030 (c)		Ba3				672
	1,285			Sirius XM Radio, Inc., Senior Notes, 4%, 07/15/2028 (c)		Ba3				1,211
	270			Townsquare Media, Inc., Senior Notes, 6.875%, 02/01/2026 (c)		B2				270
	590			Univision Communications, Inc., Senior Notes, 7.375%, 06/30/2030 (c)		B1				571
	715			Univision Communications, Inc., Senior Notes, 8%, 08/15/2028 (c)		B1				729
	265			Univision Communications, Inc., Senior Notes, 8.5%, 07/31/2031 (c)(d)		B1				266
										12,816
METALS & MINING - 2.81%
	453			Arsenal AIC Parent, LLC, Senior Notes, 8%, 10/01/2030 (c)		Ba3				486
	515			Arsenal AIC Parent, LLC, Senior Notes, 11.5%, 10/01/2031 (c)(e)		NR				582
	300			ATI, Inc., Senior Notes, 5.125%, 10/01/2031		B1				291
	241			ATI, Inc., Senior Notes, 7.25%, 08/15/2030		B1				255
	708			Big River Steel, LLC, Senior Notes, 6.625%, 01/31/2029 (c)		Ba2				715
	122			Carpenter Technology Corporation, Senior Notes, 7.625%, 03/15/2030		B1				128
	285			Constellium SE, Senior Notes, 6.375%, 08/15/2032 (c)(d)		Ba3				292
	405			Ero Copper Corporation, Senior Notes, 6.5%, 02/15/2030 (c)(d)		B1				401
	1,145			Hecla Mining Company, Senior Notes, 7.25%, 02/15/2028		B2				1,164
	545			Hudbay Minerals, Inc., Senior Notes, 6.125%, 04/01/2029 (c)		B2				548
	745			Novelis Corporation, , 4.75%, 01/30/2030 (c)		Ba3				722
										5,584

The New America High Income Fund, Inc.

 

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
OTHER TELECOMMUNICATIONS - 0.28%
	530			Frontier Communications Holdings, LLC, Senior Notes, 8.75%, 05/15/2030 (c)		B3				564
	200			Iliad Holding SAS, Senior Notes, 8.5%, 04/15/2031 (c)		B2				215
	94			Level 3 Financing, Inc., Senior Notes, 4.625%, 09/15/2027 (c)		Caa1				83
	1,107			Level 3 Financing, Inc., Senior Notes, 11%, 11/15/2029 (c)		B2				1,223
	500			Level 3 Financing, Inc., Senior Notes, 10.75%, 12/15/2030 (c)		B2				547
	415			Level 3 Financing, Inc., Senior Notes, 4%, 04/15/2031 (c)		Caa1				302
	364			Level 3 Financing, Inc., Senior Notes, 10%, 10/15/2032 (c)(e)		NR				346
										3,280
REITS - 1.14%
	915			Necessity Retail, Inc., Senior Notes, 4.5%, 09/30/2028 (c)(e)		NR				860
	1,290			Service Properties Trust, Senior Notes, 8.625%, 11/15/2031 (c)		B2				1,403
										2,263
RESTAURANTS - 0.78%
	760			YUM Brands, Inc., Senior Notes, 6.875%, 11/15/2037		Ba3				855
	723			YUM Brands, Inc., Senior Notes, 5.35%, 11/01/2043		Ba3				705
										1,560
RETAIL - 1.13%
	65			Bath & Body Works, Inc., Senior Notes, 6.694%, 01/15/2027		Ba2				67
	350			Bath & Body Works, Inc., Senior Notes, 7.5%, 06/15/2029 (d)		Ba2				362
	277			Bath & Body Works, Inc., Senior Notes, 9.375%, 07/01/2025 (c)		Ba2				284
	1,005			Bath & Body Works, Inc., Senior Notes, 6.625%, 10/01/2030 (c)		Ba2				1,023
	125			Victra Holdings, LLC, Senior Notes, 8.75%, 09/15/2029 (c)		B1				131
	385			Wayfair, LLC, Senior Notes, 7.25%, 10/31/2029 (c)		B1u				395
										2,262
SATELLITES - 1.07%
	580			Connect Finco S.a.r.l., Senior Notes, 9%, 09/15/2029 (c)(d)		B1				560
	287			Hughes Satellite Systems, Inc., Senior Notes, 6.625%, 08/01/2026 (d)		Caa3				249
	445			Intelsat Jackson Holdings Ltd., Senior Notes, 6.5%, 03/15/2030 (c)		B1				426
	650			Viasat, Inc., Senior Notes, 5.625%, 04/15/2027 (c)		Ba3				613
	400			Viasat, Inc., CVT, 7.5%, 05/30/2031 (c)(d)		Caa1				275
										2,123
SERVICES - 8.52%
	635			Albion Financing 1 SARL, Senior Notes, 6.125%, 10/15/2026 (c)		B1				634
	315			Albion Financing 2 SARL, Senior Notes, 8.75%, 04/15/2027 (c)		B3				321
	1,460			Allied Universal Holdco, LLC, Senior Notes, 9.75%, 07/15/2027 (c)		Caa2				1,460
	460			Allied Universal Holdco, LLC, Senior Notes, 6%, 06/01/2029 (c)		Caa2				408
	818			Allied Universal Holdco, LLC, Senior Notes, 7.875%, 02/15/2031 (c)		B3				832
	425			Avis Budget Car Rental, LLC, Senior Notes, 8.25%, 01/15/2030 (c)(d)		B1				434
	530			EG Global Finance, Plc, Senior Notes, 12%, 11/30/2028 (c)		B3				588
	475			Fortress Intermediate 3, Inc., Senior Notes, 7.5%, 06/01/2031 (c)		B2				500
	405			GFL Environmental, Inc., Senior Notes, 6.75%, 01/15/2031 (c)		Ba2				425
	1,605			GTCR W-2 Merger Sub, LLC, Senior Notes, 7.5%, 01/15/2031 (c)		Ba3				1,719
	1,265			H&E Equipment Services, Senior Notes, 3.875%, 12/15/2028 (c)		B1				1,188
	100			Itelyum Regeneration SpA, Senior Notes, 4.625%, 10/01/2026 (c)(EUR)		B2				110
	170			Loxam S.A.S., Senior Notes, 6.375%, 05/31/2029 (c)(e)		NR				197
	290			Ritchie Bros. Holdings, Inc., Senior Notes, 6.75%, 03/15/2028 (c)		Ba2				299
	390			Ritchie Bros. Holdings, Inc., Senior Notes, 7.75%, 03/15/2031 (c)		B1				415
	300			Staples, Inc., Senior Notes, 10.75%, 09/01/2029 (c)		B3				291
	1,460			TK Elevator U.S. Newco, Inc., Senior Notes, 5.25%, 07/15/2027 (c)		B2				1,442
	1,125			TK Elevator U.S. Newco, Inc., Senior Notes, 6.625%, 07/15/2028 (EUR)		Caa1				1,247
	2,635			UKG, Inc., Senior Notes, 6.875%, 02/01/2031 (c)		B2				2,717
	775			United Rentals (North America), Inc., Senior Notes, 3.75%, 01/15/2032		Ba2				706
	275			United Rentals (North America), Inc., Senior Notes, 6.125%, 03/15/2034 (c)		Ba2				284
	363			Williams Scotsman, Inc., Senior Notes, 7.375%, 10/01/2031 (c)		B2				383
	270			Williams Scotsman, Inc., Senior Notes, 6.625%, 06/15/2029 (c)		B2				277
										16,877

The New America High Income Fund, Inc.

 

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
CORPORATE DEBT SECURITIES - continued
SUPERMARKETS - 0.39%
	40			Iceland Bondco Plc, Senior Notes, 4.625%, 03/15/2025 (GBP)		B2				53
	100			Iceland Bondco Plc, Senior Notes, 10.875%, 12/15/2027 (c)		B2				144
	100			Iceland Bondco Plc, Senior Notes, 9.042%, 12/15/2027 (c)		B2				113
	445			Performance Food Group, Inc., Senior Notes, 6.125%, 09/15/2032 (c)		B1				453
										763
TRANSPORTATION - 0.24%
	455			Genesee & Wyoming, Inc., Senior Notes, 6.25%, 04/15/2032 (c)		Ba3				468
	480			Watco Companies, LLC, Senior Notes, 7.125%, 08/01/2032 (c)		Caa1				499
										967
UTILITIES - 8.54%
	475			Alpha Generation, LLC, Senior Notes, 6.75%, 10/15/2032 (c)(d)		B2				482
	310			Calpine Corporation, Senior Notes, 4.5%, 02/15/2028 (c)		Ba2				301
	950			Calpine Corporation, Senior Notes, 5.125%, 03/15/2028 (c)		B2				936
	625			Calpine Corporation, Senior Notes, 5%, 02/01/2031 (c)		B2				604
	345			HA Sustainable Infrastructure Capital, Inc., Senior Notes, 6.375%, 07/01/2034 (c)		Baa3				352
	548			HAT Holdings I, LLC, Senior Notes, 8%, 06/15/2027 (c)(d)		Baa3				578
	312			NRG Energy, Inc., Senior Notes, 10.25%, 12/31/2099 (c)(f)		Ba3				351
	410			PG&E Corporation, Senior Notes, 5%, 07/01/2028		Ba3				407
	940			PG&E Corporation, Senior Notes, 5.25%, 07/01/2030		Ba3				933
	1,100			PG&E Corporation, Senior Notes, 7.375%, 03/15/2055		Ba3				1,153
	1,845			Talen Energy Supply, LLC, Senior Notes, 8.625%, 06/01/2030 (c)		Ba3				2,006
	1,795			Terraform Global Operating, LLC, Senior Notes, 6.125%, 03/01/2026 (c)		Ba3				1,786
	716			Terraform Power Operating, LLC, Senior Notes, 5%, 01/31/2028 (c)		Ba3				705
	195			TransAlta Corporation, Senior Notes, 7.75%, 11/15/2029		Ba1				206
	3,120			Vistra Corp., Senior Notes, 8%, 12/31/2099 (c)(f)		Ba3				3,228
	939			Vistra Corp., Senior Notes, 7%, 12/31/2099 (c)(f)		Ba3				955
	1,900			Vistra Corp., Senior Notes, 8.875%, 12/31/2099 (c)(e)(f)		NR				2,021
										17,004
				Total Corporate Debt Securities
				(Total cost of $262,793)						264,027
BANK DEBT SECURITIES - 4.77% (a) (b)
AIRLINES - 0.20%
	380			American Airlines, Inc., Senior Notes, 10.294%, 04/20/2028		Ba1				390
CABLE OPERATORS - 0.21%
	429			CSC Holdings, LLC, Senior Notes, 9.597%, 01/18/2028		Caa1				416
	675			Radiate Holdco, LLC, Senior Notes, 8.611%, 09/25/2026		Caa1				578
										994
CHEMICALS - 0.31%
	641			PMHC II, Inc., Senior Notes, 9.704%, 04/23/2029		B3				625
FINANCIAL - 0.98%
	1,920			Truist Insurance Holdings, LLC, Senior Notes, 10.069%, 05/06/2032		Caa2				1,949
SERVICES - 0.94%
	1,130			Ascend Learning, LLC, Senior Notes, 10.695%, 12/10/2029		Caa2				1,092
	810			CoreLogic, Inc., Senior Notes, 11.46%, 06/04/2029		Caa2				783
										1,875

The New America High Income Fund, Inc.

 

Schedule of Investments - September 30, 2024 (Unaudited) (Dollar Amounts in Thousands) - Continued

 

Principal Amount/Units						Moody's Rating (Unaudited)			Value (See Notes)
BANK DEBT SECURITIES - continued
WIRELESS COMMUNICATIONS - 1.84%
	3,664			Asurion, LLC, Senior Notes, 10.21%, 01/31/2028		B3				3,425
260				Asurion, LLC, Senior Notes, 10.21%, 01/20/2029		B3				240
										3,665
				Total Bank Debt Securities
				(Total cost of $9,563)						9,498
CONVERTIBLE BONDS - 0.33% (a) (b)
AUTOMOTIVE - 0.33%
725				Rivian Automotive, Inc., Senior Notes, 4.625%, 03/15/2029 (e)		NR				661
				Total Convertible Bonds
				(Total cost of $785)						661
ASSET-BACKED SECURITIES - 0.04% (a) (b)
WIRELESS COMMUNICATIONS - 0.04%
50				Frontier Issuer, LLC, Senior Notes, 11.5%, 08/20/2053 (c)(e)		NR				54
25				Frontier Issuer, LLC, Senior Notes, 11.16%, 06/20/2054 (c)(e)		NR				29
				Total Asset-Backed Securities
				(Total cost of $81)						83

 

Shares						Value  (See Notes)
COMMON STOCK - 0.77% (a) (b)
HEALTHCARE - 0.26%
	2,163			Becton Dickinson and Company			521
INFORMATION TECHNOLOGY - 0.23%
	7,277			CIENA Corp. (g)			448
MANUFACTURING - 0.14%
	1,678			Enpro, Inc.			272
METALS & MINING - 0.14%
	5,601			Freeport-McMoRan, Inc.			280
				Total Common Stock
				(Total cost of $1,577)			1,521
				TOTAL INVESTMENTS - 138.80% - (Total cost of $274,718)			275,790
				CASH AND OTHER ASSETS LESS LIABILITIES - (38.80%)			(77,092	)
				NET ASSETS - 100.00%		$	198,698

 

(a)	Percentages indicated are based on total net assets to common shareholders of $198,698.

(b)	All of the Fund's investments and other assets are pledged as collateral in accordance with a credit agreement with State Street Bank.

(c)

Securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers in transactions exempt from registration. Unless otherwise noted, 144A Securities are deemed to be liquid. See notes to the portfolio of investments for valuation policy. Total market value of Rule 144A securities amounted to $226,453 as of September 30, 2024.

(d)	All or a portion of this security was on loan at September 30, 2024. The aggreagate value of securities on loan at September 30, 2024 was $8,155.

(e)	Not rated.

(f)	Perpetual security with no stated maturity date.

(g)	Non-income producing investment.

(EUR) Euro 

(GBP) British Pound

Derivative Contracts (Currency Amounts in Thousands)

 

Forward Currency Exchange Contracts - As of September 30, 2024 the Fund had forward currency exchange concracts outstanding as follows:

 

Counterparty			Settlement Date							Receive (Deliver)				Asset				Liability				Unrealized Appreciation (Depreciation)
HSBC Bank			10/2/2024				GBP				542			$	715			$	725			$	(10	)
Royal Bank of Canada			10/2/2024				EUR				3,184				3,529				3,545				(15	)
HSBC Bank			9/3/2024				GBP				(542	)			727				725				2
HSBC Bank			9/4/2024				GBP				542				725				727				(2	)
Royal Bank of Canada			9/3/2024				EUR				3,184				3,545				3,554				(9	)
Royal Bank of Canada			9/4/2024				EUR				(3,184	)			3,554				3,545				9
Net unrealized gain on open forward currency exchange contracts																						$	(25	)

The New America High Income Fund, Inc.

 

Notes to Schedule of Investments

September 30, 2024 (Unaudited)

 

The New America High Income Fund, Inc. (the Fund) was organized as a corporation in the state of Maryland on November 19, 1987 and is registered with the Securities and Exchange Commission as a diversified, closed-end investment company under the Investment Company Act of 1940. The Fund follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946 "Financial Services Investment Companies".

 

Valuation of Investments—The Fund's Board of Directors has adopted policies and procedures to fair value securities that are not readily available consistent with the requirements of Rule 2a-5 under the 1940 Act. The Fund’s Board of Directors are the “valuation designee”, which performs fair valuations pursuant to Rule 2a-5. Except as otherwise described below, the Fund's investments are valued based on evaluated bid prices provided by an independent pricing service. Independent pricing services provide prices based primarily on quotations from dealers and brokers, market transactions, data accessed from quotations services, offering sheets obtained from dealers and various relationships among similar securities. Investments whose primary market is on an exchange are valued at the last sale price on the day of valuation. Short-term investments with original maturities of 60 days or less are stated at amortized cost, which approximates the fair value of such investments. Investments for which market prices are not yet provided by an independent pricing service (primarily newly issued fixed-income corporate bonds and notes) shall be valued at the most recently quoted bid price provided by a principal market maker for the security. Fair value measurement is further discussed in this footnote.

 

Foreign Currency—Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the date of valuation. When entering into a forward currency contract, the Fund agrees to receive or deliver a fixed quantity of foreign currency for an agreed upon price on an agreed future date.

 

Fair Value Measurement—The Fund applies ASC 820 "Fair Value Measurements and Disclosures". This standard establishes the definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements.

 

The three levels of the fair value hierarchy under ASC 820 are described below:

 

Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

 

Level 2—Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

 

Level 3—Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

 

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.

 

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

A description of the valuation techniques applied to the Fund's major asset and liability categories is as follows.

 

Debt securities (corporate, U.S. Treasury, convertible & bank debt). The fair value of debt securities is provided by independent pricing services using quotations from dealers and brokers, market transactions, data from quotations services, offering sheets and various relationships between securities. While most corporate bonds are categorized in level 2 of the fair value hierarchy, there may be instances where less observable inputs necessitate a level 3 categorization.

The New America High Income Fund, Inc.

 

Notes to Financial Statements - Continued

September 30, 2024 (Unaudited)

 

Equity securities (preferred and common stock). Equity securities for which the primary market is on an exchange will be valued at the last sale price on the day of valuation and are categorized in level 1 of the fair value hierarchy. Other equity securities traded in inactive markets or valued by independent pricing services using methods similar to debt securities are categorized in level 2. The fair value of equity securities in which observable inputs are unavailable are categorized in level 3.

 

Short-term investments. Short-term investments are valued using amortized cost, which approximates fair value. To the extent the inputs are observable and timely the values would be categorized in level 2 of the fair value hierarchy.

 

Forwards are valued at the unrealized gain or loss on the contract as measured by the difference between the forward exchange rates at the date of entry into the contract and the forward rates at the reporting date. Forwards are categorized in level 2 of the fair value hierarchy.

 

The following is a summary of the inputs used as of September 30, 2024 in valuing the Fund's investments:

 

			Level 1				Level 2				Level 3				Total Value
Investments			Quoted Prices (000's)				Significant Observable Inputs (000's)				Significant Unobservable Inputs (000's)				(000's)
Debt Securities*		$	-			$	274,268			$	-			$	274,268
Common Stock
Healthcare			521				-				-				521
Information Technology			448				-				-				448
Manufacturing			272				-				-				272
Metals & Mining			280				-				-				280
Total Investments		$	1,521			$	274,268			$	-			$	275,790
Forward Currency Exchange Contracts		$	-			$	(25	)		$	-			$	(25	)

 

*	Debt Securities - Type of debt and industries are shown on the Schedule of Investments.

  

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs.

 

The Fund did not own any Level 3 securities at September 30, 2024.

 

The following is a reconciliation of Fund investments using Level 3 inputs for the period:

 

			Securities (000's)
Balance, December 31, 2023		$	991
Sales			(320	)
Transfers out			(666	)
Change in unrealized appreciation/(depreciation)			(5	)
Balance, September 30, 2024		$	-

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