|
UNITED STATES |
OMB APPROVAL |
|
OMB
Number: 3235-0578 |
|
|
||
|
|
|
|
FORM N-Q |
|
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number |
811-5399 |
|
||||
|
||||||
The New America High Income Fund, Inc. |
||||||
(Exact name of registrant as specified in charter) |
||||||
|
||||||
33 Broad Street, Boston, MA |
|
02109 |
||||
(Address of principal executive offices) |
|
(Zip code) |
||||
|
||||||
Richard E. Floor, 53 State Street, Boston, MA 02109 |
||||||
(Name and address of agent for service) |
||||||
|
||||||
Registrant's telephone number, including area code: |
(617) 263-6400 |
|
||||
|
||||||
Date of fiscal year end: |
12/31 |
|
||||
|
|
|
||||
Date of reporting period: |
7/1/05 - 9/30/05 |
|
||||
Item 1 - Schedule of Investments - September 30, 2005 (Unaudited) (Dollar Amounts in Thousands)
Principal |
|
|
|
Moodys |
|
Value |
|
Amount/Units |
|
|
|
Rating |
|
(Note 1(a)) |
|
|
|
|
|
(Unaudited) |
|
|
|
CORPORATE DEBT SECURITIES - 156.26% (d) |
|
|
|
|
|
||
Aerospace and Defense - 3.59% |
|
|
|
|
|
||
850 |
|
Aviall, Inc., Senior Notes, |
|
B1 |
|
876 |
|
1,125 |
|
BE Aerospace, Inc., Senior Subordinated Notes, |
|
Caa2 |
|
1,180 |
|
1,625 |
|
GenCorp Inc., Senior Subordinated Notes, |
|
Caa1 |
|
1,771 |
|
425 |
|
Moog, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
427 |
|
325 |
|
Moog, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
327 |
|
600 |
|
Sequa Corporation, Senior Notes, |
|
B1 |
|
638 |
|
650 |
|
TransDigm Inc., Senior Subordinated Notes, |
|
B3 |
|
682 |
|
1,500 |
|
Vought Aircraft Industries, Inc., Senior Notes, |
|
B2 |
|
1,433 |
|
|
|
|
|
|
|
7,334 |
|
Automobile - 8.73% |
|
|
|
|
|
||
1,125 |
|
Accuride Corp., Senior Subordinated Notes, |
|
B3 |
|
1,102 |
|
800 |
|
ADESA, Inc., Senior Subordinated Notes, |
|
B1 |
|
812 |
|
1,225 |
|
American Axle & Manufacturing, Inc., Senior Notes, |
|
Baa3 |
|
1,041 |
|
675 |
|
Autocam Corporation, Senior Subordinated |
|
Caa2 |
|
459 |
|
975 |
|
Cooper Standard Automotive, Inc., Senior Subordinated |
|
B3 |
|
819 |
|
1,125 |
|
Delphi Corporation, Senior Notes, 7.125%, |
|
Ca |
|
726 |
|
2,625 |
|
Ford Motor Credit Company, Senior Notes, |
|
Baa3 |
|
2,429 |
|
1,700 |
|
Ford Motor Credit Company, Senior Notes, |
|
Baa3 |
|
1,650 |
|
2,925 |
|
General Motors Acceptance Corporation, Senior Bonds, |
|
Ba1 |
|
2,553 |
|
1,275 |
|
General Motors Acceptance Corporation, Senior Bonds, |
|
Ba1 |
|
1,116 |
|
500 |
|
Hawk Corporation, Senior Notes, |
|
B2 |
|
505 |
|
700 |
|
Insurance Auto Auctions, Inc., Senior Notes, |
|
Caa1 |
|
721 |
|
150 |
|
J.B. Poindexter & Co., Inc., Senior Notes, |
|
B1 |
|
137 |
|
900 |
|
Tenneco Automotive Inc., Senior Subordinated Notes, |
|
B3 |
|
907 |
|
1,507 |
|
TRW Automotive Inc., Senior Notes, |
|
Ba3 |
|
1,635 |
|
1,400 |
|
Visteon Corporation, Senior Notes, |
|
B3 |
|
1,215 |
|
|
|
|
|
|
|
17,827 |
|
Beverage, Food and Tobacco - 3.36% |
|
|
|
|
|
||
281 |
|
Agrilink Foods, Inc. , Senior Subordinated Notes, |
|
B3 |
|
289 |
|
550 |
|
Alliance One International, Inc., Senior Notes, |
|
B2 |
|
522 |
|
925 |
|
B&G Foods, Inc., Senior Notes, |
|
B2 |
|
941 |
|
325 |
|
Del Monte Corporation, Senior Subordinated |
|
B2 |
|
327 |
|
275 |
|
Del Monte Corporation, Senior Subordinated |
|
B2 |
|
296 |
|
400 |
|
Dole Food Company, Inc., Senior Notes |
|
B2 |
|
416 |
|
700 |
|
Dole Food Company, Inc., Senior Notes |
|
B2 |
|
724 |
|
1,175 |
|
Le-Natures, Inc., Senior Subordinated Notes, |
|
Caa1 |
|
1,269 |
|
400 |
|
Pierre Foods, Inc., Senior Subordinated Notes, |
|
B3 |
|
412 |
|
1,100 |
|
R.J. Reynolds Tobacco Holdings, Inc., Senior Notes |
|
Ba2 |
|
1,097 |
|
550 |
|
Wornick Company, Senior Secured Notes, |
|
B2 |
|
566 |
|
|
|
|
|
|
|
6,859 |
|
|
|
|
|
|
|
|
|
Broadcasting and Entertainment - 10.85% |
|
|
|
|
|
||
425 |
|
Allbritton Communications Company, Senior |
|
B3 |
|
424 |
|
|
|
|
|
|
|
|
|
325 |
|
AMC Entertainment, Inc., Senior Notes, |
|
B2 |
|
328 |
|
|
|
|
|
|
|
|
|
325 |
|
AMC Entertainment, Inc., Senior Subordinated Notes, |
|
B3 |
|
286 |
|
|
|
|
|
|
|
|
|
600 |
|
CCO Holdings, LLC, Senior Notes, |
|
B3 |
|
594 |
|
|
|
|
|
|
|
|
|
800 |
|
CCO Holdings, LLC, Senior Notes, |
|
B3 |
|
792 |
|
900 |
|
Charter Communications Operating, LLC, Senior Secured |
|
B2 |
|
905 |
|
1
250 |
|
Cinemark, Inc., Senior Discount Notes, 9.75%, |
|
Caa1 |
|
174 |
|
2,125 |
|
Cinemark, Inc., Senior Discount Notes, 9.75%, |
|
Caa1 |
|
1,477 |
|
175 |
|
Cinemark USA, Inc., Senior Subordinated Notes, |
|
B3 |
|
182 |
|
625 |
|
CSC Holdings, Inc., Senior Notes, |
|
B1 |
|
589 |
|
1,000 |
|
CSC Holdings, Inc., Senior Notes, |
|
B1 |
|
985 |
|
850 |
|
DirectTV Holdings, LLC, Senior Notes, |
|
Ba2 |
|
837 |
|
228 |
|
DirectTV Holdings, LLC, Senior Notes, |
|
Ba2 |
|
250 |
|
500 |
|
EchoStar Communications Corporation, Convertible |
|
B2 |
|
497 |
|
500 |
|
EchoStar DBS Corporation, Senior Notes, |
|
Ba3 |
|
496 |
|
644 |
|
EchoStar DBS Corporation, Senior Notes, |
|
Ba3 |
|
681 |
|
225 |
|
Fisher Communications, Inc., Senior Notes, |
|
B2 |
|
240 |
|
850 |
|
Gray Television, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
916 |
|
375 |
|
Insight Midwest, L.P., Senior Notes, |
|
B2 |
|
384 |
|
750 |
|
Insight Midwest, L.P., Senior Notes, |
|
B2 |
|
787 |
|
425 |
|
Loews Cineplex Entertainment Corporation, Senior |
|
B3 |
|
412 |
|
1,575 |
|
Marquee Holdings, Inc., Senior Notes, |
|
Caa1 |
|
953 |
|
350 |
|
Mediacom Broadband LLC, Senior Notes, |
|
B2 |
|
338 |
|
600 |
|
Mediacom Broadband LLC, Senior Notes, |
|
B2 |
|
646 |
|
2,475 |
|
Quebecor Media, Inc., Senior Notes, |
|
B2 |
|
2,707 |
|
850 |
|
Rogers Cable Inc., Senior Secured Notes, |
|
Ba3 |
|
858 |
|
275 |
|
Sinclair Broadcast Group, Inc., Senior Subordinated |
|
B2 |
|
283 |
|
825 |
|
Sinclair Broadcast Group, Inc., Senior Subordinated |
|
B2 |
|
866 |
|
250 |
|
Videotron Ltee., Senior Notes, |
|
Ba3 |
|
249 |
|
825 |
|
Videotron Ltee., Senior Notes, |
|
Ba3 |
|
848 |
|
850 |
|
Warner Music Group, Senior Subordinated Notes, |
|
B3 |
|
855 |
|
300 |
|
WDAC Subsidiary Corp. Senior Notes, |
|
Caa1 |
|
291 |
|
300 |
|
XM Satellite Radio Inc., Senior Secured Discount |
|
Caa1 |
|
316 |
|
614 |
|
XM Satellite Radio Inc., Senior Secured Notes, |
|
Caa1 |
|
701 |
|
|
|
|
|
|
|
22,147 |
|
Building and Real Estate - 4.99% |
|
|
|
|
|
||
850 |
|
Ainsworth Lumber Company, Ltd., Senior Notes, |
|
B2 |
|
810 |
|
625 |
|
B.F. Saul Real Estate Investment Trust, Senior Secured |
|
B2 |
|
645 |
|
1,250 |
|
Building Materials Corporation of America, Senior |
|
B2 |
|
1,212 |
|
1,050 |
|
Collins & Aikman Floorcoverings, Inc., Senior
Subordinated |
|
Caa1 |
|
1,018 |
|
275 |
|
Meristar Hospitality Operating, Senior Notes, |
|
B2 |
|
286 |
|
525 |
|
Meristar Hospitality Operating, Senior Notes, |
|
B2 |
|
559 |
|
775 |
|
Mobile Mini, Inc., Senior Notes, |
|
B2 |
|
856 |
|
1,425 |
|
Norcraft Companies, L.P., Senior Subordinated |
|
B3 |
|
1,468 |
|
325 |
|
Omega Healthcare Investors, Inc., Senior Notes, |
|
B1 |
|
327 |
|
875 |
|
Texas Industries, Inc., Senior Notes, |
|
Ba3 |
|
917 |
|
325 |
|
Ventas Realty, Limited Partnership, Senior Notes, |
|
Ba3 |
|
331 |
|
700 |
|
WCI Communities, Inc., Senior Subordinated |
|
Ba3 |
|
725 |
|
975 |
|
WCI Communities, Inc., Senior Subordinated |
|
Ba3 |
|
1,041 |
|
|
|
|
|
|
|
10,195 |
|
Cargo Transport - .21% |
|
|
|
|
|
||
400 |
|
TFM, S.A. de C.V., Senior Notes, |
|
B2 |
|
438 |
|
|
|
|
|
|
|
|
|
Chemicals, Plastics and Rubber - 9.24% |
|
|
|
|
|
||
525 |
|
ARCO Chemical Company, Senior Debentures, |
|
B1 |
|
567 |
|
300 |
|
ARCO Chemical Company, Senior Notes, |
|
B1 |
|
338 |
|
2
1,190 |
|
BCP Caylux Holdings Luxembourg S.C.A., Senior |
|
B3 |
|
1,330 |
|
1,475 |
|
Borden Chemical, Inc., Senior Secured |
|
B3 |
|
1,519 |
|
274 |
|
Crystal US Holdings 3 LLC, Senior Discount Notes, |
|
Caa2 |
|
195 |
|
1,167 |
|
Crystal US Holdings 3 LLC, Senior Discount Notes, |
|
Caa2 |
|
817 |
|
375 |
|
EquiStar Chemicals PL Funding, Senior Notes, |
|
B2 |
|
393 |
|
475 |
|
Ethyl Corporation, Senior Notes, |
|
B2 |
|
499 |
|
425 |
|
Freeport McMoran Resources, Senior Notes, |
|
Ba3 |
|
436 |
|
600 |
|
Huntsman International LLC, Senior Notes, |
|
B2 |
|
634 |
|
959 |
|
Huntsman LLC, Senior Secured Notes, |
|
Ba3 |
|
1,093 |
|
2,300 |
|
Invista, Units, |
|
B1 |
|
2,507 |
|
1,250 |
|
Koppers Inc., Senior Secured Notes, |
|
B2 |
|
1,378 |
|
400 |
|
Lyondell Chemical Company, Senior Secured Notes, |
|
B1 |
|
421 |
|
600 |
|
Lyondell Chemical Company, Senior Secured Notes, |
|
B1 |
|
630 |
|
625 |
|
Lyondell Chemical Company, Senior Secured Notes, |
|
B1 |
|
716 |
|
200 |
|
Lyondell Chemical Company, Senior Secured Notes, |
|
B1 |
|
225 |
|
525 |
|
PolyOne Corporation, Senior Notes, |
|
B3 |
|
542 |
|
825 |
|
Resolution Performance Products, LLC, Senior Secured |
|
B3 |
|
854 |
|
1,825 |
|
Rhodia S.A., Senior Notes, 10.25%, |
|
B3 |
|
1,946 |
|
838 |
|
Rockwood Specialties Group, Inc., Senior |
|
B3 |
|
926 |
|
200 |
|
VWR International, Inc., Senior Notes, |
|
B3 |
|
197 |
|
725 |
|
VWR International, Inc., Senior Subordinated Notes, |
|
Caa1 |
|
707 |
|
|
|
|
|
|
|
18,870 |
|
Containers, Packaging and Glass - 9.42% |
|
|
|
|
|
||
625 |
|
AEP Industries, Inc., Senior Notes, |
|
B2 |
|
620 |
|
650 |
|
Ball Corporation, Senior Notes, 6.875%, |
|
Ba2 |
|
666 |
|
950 |
|
Boise Cascade, LLC, Senior Subordinated, |
|
B2 |
|
900 |
|
775 |
|
BWAY Corporation, Senior Subordinated Notes, |
|
B3 |
|
818 |
|
500 |
|
Georgia-Pacific Corporation, Senior Notes, |
|
Ba1 |
|
556 |
|
1,500 |
|
Georgia-Pacific Corporation, Senior Notes, |
|
Ba1 |
|
1,674 |
|
450 |
|
Graphic Packaging International Inc., Senior Notes, |
|
B2 |
|
440 |
|
325 |
|
Graphic Packaging International Inc., Senior Subordinated, |
|
B3 |
|
303 |
|
350 |
|
Greif Brothers Corporation, Senior Subordinated |
|
B1 |
|
373 |
|
850 |
|
Jefferson Smurfit Corporation, (U.S.) Senior Notes, |
|
B2 |
|
761 |
|
175 |
|
Jefferson Smurfit Corporation, (U.S.) Senior Notes, |
|
B2 |
|
164 |
|
800 |
|
JSG Funding, PLC, Senior Subordinated Notes, |
|
Caa1 |
|
687 |
|
1,425 |
|
Longview Fibre Company, Senior Subordinated |
|
B2 |
|
1,507 |
|
1,410 |
|
MDP Acquisitions Plc, Senior Notes, |
|
B3 |
|
1,419 |
|
325 |
|
NewPage Corporation, Senior Secured Notes, |
|
B3 |
|
307 |
|
675 |
|
NewPage Corporation, Senior Secured Notes, |
|
B3 |
|
636 |
|
325 |
|
NewPage Corporation, Senior Subordinated Notes, |
|
Caa2 |
|
280 |
|
825 |
|
Norske Skog Canada Ltd., Senior Notes |
|
Ba3 |
|
788 |
|
650 |
|
Owens-Brockway Glass Container, Inc., Senior |
|
B2 |
|
673 |
|
450 |
|
Owens-Brockway Glass Container, Inc., Senior Secured |
|
B1 |
|
467 |
|
725 |
|
Owens-Brockway Glass Container, Inc., Senior Secured |
|
B1 |
|
783 |
|
1,225 |
|
Owens-Brockway Glass Container, Inc., Senior Secured |
|
B1 |
|
1,289 |
|
1,550 |
|
Plastipak Holdings, Inc., Senior Notes, |
|
B3 |
|
1,689 |
|
375 |
|
Silgan Holdings Inc., Senior Subordinated Notes, |
|
B1 |
|
377 |
|
450 |
|
Solo Cup Company, Senior Subordinated Notes, |
|
B3 |
|
405 |
|
100 |
|
Stone Container Corporation, Senior Notes, |
|
B2 |
|
101 |
|
625 |
|
Stone Container Finance Company of Canada, |
|
B2 |
|
555 |
|
|
|
|
|
|
|
19,238 |
|
3
Diversified/Conglomerate Manufacturing - 3.53% |
|
|
|
|
|
||
850 |
|
Aearo Company, Senior Subordinated |
|
B3 |
|
848 |
|
625 |
|
Bombardier, Inc., Senior Notes, |
|
Ba2 |
|
556 |
|
1,750 |
|
Bombardier, Inc., Senior Notes, |
|
Ba2 |
|
1,641 |
|
850 |
|
Case New Holland Inc., Senior Notes, |
|
Ba3 |
|
899 |
|
850 |
|
Columbus McKinnon Corporation, Senior Subordinated |
|
B3 |
|
846 |
|
550 |
|
Manitowoc Company, Inc., Senior Notes, |
|
B1 |
|
571 |
|
1,700 |
|
Rexnord Corp., Senior Subordinated Notes, |
|
B3 |
|
1,853 |
|
|
|
|
|
|
|
7,214 |
|
Diversified/Conglomerate Service - 2.88% |
|
|
|
|
|
||
1,525 |
|
Brand Services, Inc., Senior Subordinated Notes, |
|
Caa1 |
|
1,607 |
|
1,225 |
|
Brickman Group, LTD, Senior Subordinated Notes, |
|
B2 |
|
1,374 |
|
914 |
|
Coinmach Corporation, Senior Notes, |
|
B3 |
|
932 |
|
425 |
|
IKON Office Solutions, Inc., Senior Notes, |
|
Ba2 |
|
419 |
|
625 |
|
NationsRent Companies, Inc., Senior Notes, |
|
B2 |
|
683 |
|
850 |
|
Sunstate Equipment Co, LLC, Senior Secured Notes, |
|
B3 |
|
871 |
|
|
|
|
|
|
|
5,886 |
|
Ecological - 2.56% |
|
|
|
|
|
||
1,575 |
|
Allied Waste North America, Inc., Senior Secured Notes, |
|
B2 |
|
1,616 |
|
175 |
|
Allied Waste North America, Inc., Senior Secured Notes, |
|
B2 |
|
182 |
|
1,050 |
|
Allied Waste North America, Inc., Senior Secured Notes, |
|
B2 |
|
1,092 |
|
100 |
|
Allied Waste North America, Inc., Senior Secured Notes, |
|
B2 |
|
109 |
|
2,075 |
|
Casella Waste Systems, Inc., Senior Subordinated |
|
B3 |
|
2,231 |
|
|
|
|
|
|
|
5,230 |
|
Electronics - 7.42% |
|
|
|
|
|
||
125 |
|
Activant Solutions, Inc., Senior Notes, |
|
B2 |
|
127 |
|
375 |
|
Amkor Technology, Inc., Senior Notes, |
|
Caa1 |
|
351 |
|
825 |
|
Celestica, Inc., Senior Subordinated Notes, |
|
B2 |
|
842 |
|
850 |
|
Flextronics International, Inc., Senior Subordinated |
|
Ba2 |
|
843 |
|
650 |
|
Freescale Semiconductor, Inc., Senior Notes, |
|
Ba2 |
|
676 |
|
925 |
|
Freescale Semiconductor, Inc., Senior Notes, |
|
Ba2 |
|
983 |
|
625 |
|
General Cable Corporation, Senior Notes, |
|
B2 |
|
659 |
|
850 |
|
Invensys plc, Senior Notes, |
|
B3 |
|
850 |
|
375 |
|
New Asat Finance LLC, Senior Notes |
|
B3 |
|
280 |
|
150 |
|
Sanmina-SCI Corporation, Senior Secured |
|
Ba2 |
|
165 |
|
725 |
|
Sanmina-SCI Corporation, Senior Subordinated |
|
B1 |
|
687 |
|
550 |
|
Semiconductor Note Participation Trust, |
|
(e) |
|
924 |
|
350 |
|
STATS ChipPAC Ltd., Senior Notes, |
|
Ba2 |
|
340 |
|
325 |
|
STATS ChipPAC Ltd., Senior Notes, |
|
Ba2 |
|
328 |
|
2,250 |
|
Sunguard Data Systems, Inc., Senior Notes, |
|
B3 |
|
2,323 |
|
975 |
|
Sunguard Data Systems, Inc., Senior Subordinated |
|
Caa1 |
|
987 |
|
600 |
|
Superior Essex Communications LLC, Senior |
|
B3 |
|
606 |
|
800 |
|
Telex Communications, Inc., Senior Secured Notes, |
|
B3 |
|
854 |
|
1,050 |
|
UGS Corp., Senior Subordinated Notes, |
|
B3 |
|
1,147 |
|
450 |
|
Unisys Corporation, Senior Notes, |
|
Ba3 |
|
440 |
|
175 |
|
Xerox Corp., Senior Notes, |
|
Ba2 |
|
183 |
|
200 |
|
Xerox Corp., Senior Notes, |
|
Ba2 |
|
215 |
|
325 |
|
Xerox Corp., Senior Notes, |
|
Ba2 |
|
346 |
|
|
|
|
|
|
|
15,156 |
|
4
Farming and Agriculture - .62% |
|
|
|
|
|
||
150 |
|
IMC Global Inc., Senior Notes, |
|
Ba3 |
|
168 |
|
125 |
|
IMC Global Inc., Senior Notes, |
|
Ba3 |
|
147 |
|
100 |
|
IMC Global Inc., Senior Notes, |
|
Ba3 |
|
109 |
|
797 |
|
United Agri Products, Inc., Senior Notes, |
|
B1 |
|
842 |
|
|
|
|
|
|
|
1,266 |
|
Finance - 2.78% |
|
|
|
|
|
||
675 |
|
Dollar Financial Group, Inc., Senior Notes, |
|
B3 |
|
699 |
|
725 |
|
E*TRADE Financial Corp., Senior Notes, |
|
B1 |
|
729 |
|
2,300 |
|
E*TRADE Financial Corp., Senior Notes, |
|
B1 |
|
2,375 |
|
1,100 |
|
Global Cash Access Inc., Senior Subordinated Notes, |
|
Caa1 |
|
1,184 |
|
625 |
|
REFCO Group Ltd., LLC, Senior Subordinated Notes, |
|
B3 |
|
680 |
|
|
|
|
|
|
|
5,667 |
|
Furnishings, Housewares, Durable Consumer Products - .73% |
|
|
|
|
|
||
1,050 |
|
Sealy Mattress Company, Senior Subordinated |
|
B3 |
|
1,045 |
|
875 |
|
Simmons Company, Senior Discount Notes, |
|
Caa2 |
|
448 |
|
|
|
|
|
|
|
1,493 |
|
Grocery - .29% |
|
|
|
|
|
||
625 |
|
Pathmark Stores, Inc., Senior Subordinated Notes, |
|
Caa1 |
|
598 |
|
|
|
|
|
|
|
|
|
Healthcare, Education and Childcare - 8.63% |
|
|
|
|
|
||
525 |
|
AmerisourceBergen Corporation, Senior Notes, |
|
Ba2 |
|
520 |
|
700 |
|
Biovail Corporation, Senior Subordinated Notes, |
|
B2 |
|
724 |
|
375 |
|
Community Health Systems, Inc., Senior Subordinated |
|
B3 |
|
376 |
|
1,425 |
|
Concentra Operating Corporation, Senior Subordinated |
|
B3 |
|
1,489 |
|
325 |
|
Davita, Inc., Senior Notes, |
|
B2 |
|
329 |
|
825 |
|
Davita, Inc., Senior Subordinated Notes, |
|
B3 |
|
836 |
|
825 |
|
Fisher Scientific International Inc., Senior |
|
Ba3 |
|
822 |
|
575 |
|
Fresenius Medical Care Capital Trust IV, |
|
B1 |
|
620 |
|
1,125 |
|
Genesis Healthcare Corporation, Senior Subordinated |
|
B3 |
|
1,212 |
|
875 |
|
HCA Inc., Senior Notes, |
|
Ba2 |
|
869 |
|
1,800 |
|
HCA Inc., Senior Notes, |
|
Ba2 |
|
1,993 |
|
350 |
|
MedQuest, Inc., Senior Subordinated Notes, |
|
Caa1 |
|
370 |
|
550 |
|
Mylan Laboratories, Inc., Senior Notes, |
|
Ba1 |
|
551 |
|
1,175 |
|
Omnicare, Inc., Senior Subordinated Notes, |
|
Ba2 |
|
1,225 |
|
1,125 |
|
Quintiles Transnational Corp., Senior Subordinated |
|
B3 |
|
1,266 |
|
450 |
|
Tenet Healthcare Corporation, Senior Notes, |
|
B3 |
|
421 |
|
300 |
|
Tenet Healthcare Corporation, Senior Notes, |
|
B3 |
|
285 |
|
500 |
|
Tenet Healthcare Corporation, Senior Notes, |
|
B3 |
|
523 |
|
1,300 |
|
Triad Hospitals, Inc., Senior Subordinated |
|
B3 |
|
1,316 |
|
775 |
|
US Oncology, Inc., Senior Notes, |
|
B2 |
|
837 |
|
525 |
|
Vanguard Health Holding Company II, LLC, Senior |
|
Caa1 |
|
562 |
|
500 |
|
Warner Chilcott Corporation, Senior Subordinated |
|
Caa1 |
|
480 |
|
|
|
|
|
|
|
17,626 |
|
Hotels, Motels, Inns and Gaming - 8.99% |
|
|
|
|
|
||
1,100 |
|
American Casino & Entertainment Properties LLC, |
|
B2 |
|
1,141 |
|
1,000 |
|
Ameristar Casinos, Inc., Senior Subordinated Notes, |
|
B2 |
|
1,070 |
|
450 |
|
Argosy Gaming Company, Senior Subordinated Notes, |
|
B1 |
|
498 |
|
75 |
|
Argosy Gaming Company, Senior Subordinated Notes, |
|
Ba3 |
|
82 |
|
1,000 |
|
Boyd Gaming Corporation, Senior Subordinated Notes, |
|
B1 |
|
1,010 |
|
5
100 |
|
Boyd Gaming Corporation, Senior Subordinated Notes, |
|
B1 |
|
106 |
|
25 |
|
Boyd Gaming Corporation, Senior Subordinated Notes, |
|
B1 |
|
27 |
|
525 |
|
CCM Merger, Inc., Senior Notes, |
|
B3 |
|
532 |
|
700 |
|
Herbst Gaming, Inc., Senior Subordinated Notes, |
|
B3 |
|
700 |
|
100 |
|
Host Marriott, L.P., Senior Notes, |
|
Ba3 |
|
97 |
|
625 |
|
Host Marriott, L.P., Senior Notes, |
|
Ba3 |
|
641 |
|
1,775 |
|
La Quinta Properties, Inc., Senior Notes, |
|
Ba3 |
|
1,899 |
|
600 |
|
Mandalay Resort Group, Senior Subordinated Notes, |
|
Ba3 |
|
645 |
|
825 |
|
MGM MIRAGE, Senior Notes, |
|
Ba3 |
|
877 |
|
525 |
|
MGM MIRAGE, Senior Secured Notes, |
|
Ba2 |
|
518 |
|
1,500 |
|
MGM MIRAGE, Senior Secured Notes, |
|
Ba2 |
|
1,631 |
|
125 |
|
Mohegan Tribal Gaming Authority, Senior Notes, |
|
Ba2 |
|
124 |
|
575 |
|
Mohegan Tribal Gaming Authority, Senior Subordinated |
|
Ba3 |
|
584 |
|
1,100 |
|
Mohegan Tribal Gaming Authority, Senior Subordinated |
|
Ba3 |
|
1,165 |
|
400 |
|
Penn National Gaming, Inc., Senior Subordinated |
|
B3 |
|
394 |
|
650 |
|
Poster Financial group, Inc., Senior Notes, |
|
B2 |
|
669 |
|
75 |
|
Resorts International Hotel and Casino, Inc., Senior |
|
B2 |
|
84 |
|
150 |
|
Seneca Gaming Corporation, Senior Notes, |
|
B1 |
|
153 |
|
525 |
|
Station Casinos, Inc., Senior Notes, |
|
Ba2 |
|
525 |
|
125 |
|
Station Casinos, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
125 |
|
325 |
|
Station Casinos, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
330 |
|
1,475 |
|
Station Casinos, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
1,497 |
|
650 |
|
Trump Entertainment ResortsHoldings, L.P., Senior |
|
Caa1 |
|
629 |
|
625 |
|
Wynn Las Vegas, LLC, Senior Secured Notes, |
|
B2 |
|
595 |
|
|
|
|
|
|
|
18,348 |
|
Leisure, Amusement and Entertainment - 3.75% |
|
|
|
|
|
||
800 |
|
AMF Bowling Worldwide, Inc. Senior Subordinated Notes, |
|
Caa1 |
|
798 |
|
1,750 |
|
Eastman Kodak Company, Senior Notes, |
|
B1 |
|
1,706 |
|
575 |
|
Equinox Holdings, Inc., Senior Notes, |
|
B3 |
|
591 |
|
775 |
|
K2 Inc., Senior Notes, |
|
Ba3 |
|
775 |
|
325 |
|
Six Flags Inc., Senior Notes, |
|
Caa1 |
|
322 |
|
150 |
|
Six Flags Inc., Senior Notes, |
|
Caa1 |
|
148 |
|
275 |
|
Six Flags Inc., Senior Notes, |
|
Caa1 |
|
272 |
|
800 |
|
Town Sports International, Inc., Senior Notes, |
|
B2 |
|
830 |
|
1,350 |
|
Universal City Development Partners, Ltd., Senior |
|
B2 |
|
1,525 |
|
650 |
|
Universal City Florida Holding Co., Senior Notes, |
|
B3 |
|
678 |
|
|
|
|
|
|
|
7,645 |
|
Machinery - .39% |
|
|
|
|
|
||
747 |
|
JLG Industries, Inc., Senior Subordinated Notes, |
|
B3 |
|
791 |
|
Mining, Steel, Iron and Non-Precious Metals - 5.83% |
|
|
|
|
|
||
475 |
|
Aleris International, Inc., Senior Notes, |
|
(e) |
|
504 |
|
825 |
|
Alpha Natural Resources, LLC, Senior Notes, |
|
B3 |
|
922 |
|
450 |
|
Century Aluminum Company, Senior Notes, |
|
B1 |
|
463 |
|
1,525 |
|
Earle M. Jorgensen Company, Senior Secured |
|
B2 |
|
1,639 |
|
825 |
|
Foundation PA Coal Company, Senior Notes, |
|
B1 |
|
862 |
|
750 |
|
Gerdau Ameristeel Corporation, Senior Notes, |
|
Ba3 |
|
832 |
|
825 |
|
James River Coal Company, Senior Notes, |
|
B3 |
|
883 |
|
725 |
|
Luscar Coal Ltd., Senior Notes, |
|
Ba3 |
|
785 |
|
675 |
|
Massey Energy Company, Senior Notes, |
|
Ba3 |
|
687 |
|
500 |
|
Neenah Foundry Company, Senior Secured Notes, |
|
B2 |
|
555 |
|
6
850 |
|
Novelis, Inc., Senior Notes, |
|
B1 |
|
816 |
|
2,000 |
|
Peabody Energy Corporation, Senior Notes, |
|
Ba3 |
|
2,090 |
|
850 |
|
Valmont Industries, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
869 |
|
|
|
|
|
|
|
11,907 |
|
Oil and Gas - 13.03% |
|
|
|
|
|
||
2,500 |
|
AmeriGas Partners, L.P., Senior Notes, |
|
B2 |
|
2,616 |
|
800 |
|
CHC Helicopter Corporation, Senior Subordinated |
|
B2 |
|
820 |
|
250 |
|
Chesapeake Energy Corporation, Senior Notes, |
|
Ba2 |
|
245 |
|
450 |
|
Chesapeake Energy Corporation, Senior Notes, |
|
Ba2 |
|
453 |
|
1,425 |
|
Chesapeake Energy Corporation, Senior Notes, |
|
Ba2 |
|
1,446 |
|
175 |
|
Chesapeake Energy Corporation, Senior Notes, |
|
Ba2 |
|
185 |
|
125 |
|
Compton Petroleum Corporation, Senior Notes, |
|
B2 |
|
134 |
|
750 |
|
Denbury Resources, Inc., Senior Subordinated Notes, |
|
B2 |
|
791 |
|
286 |
|
Dresser-Rand Group Inc., Senior Subordinated |
|
B3 |
|
296 |
|
400 |
|
El Paso Production Holding Co., Senior Notes |
|
B3 |
|
419 |
|
1,450 |
|
Ferrellgas Partners L.P., Senior Notes, |
|
B2 |
|
1,475 |
|
325 |
|
Grant Pride Company, Inc., Senior Notes, |
|
Ba2 |
|
328 |
|
1,050 |
|
Hanover Equipment Trust, Senior Secured Notes, |
|
B2 |
|
1,116 |
|
500 |
|
Inergy, L.P., Senior Notes, |
|
B1 |
|
481 |
|
650 |
|
Magnum Hunter Resources, Inc., Senior Notes, |
|
Ba3 |
|
712 |
|
200 |
|
Northwest Pipeline Corporation, Senior Notes, |
|
Ba2 |
|
214 |
|
625 |
|
Ocean Rig Norway AS, Senior Secured Notes, |
|
B3 |
|
677 |
|
130 |
|
Parker Drilling Company, Senior Notes, |
|
B2 |
|
136 |
|
1,500 |
|
Petroleum Geo-Services ASA, Senior Notes, |
|
Ba3 |
|
1,687 |
|
950 |
|
Petroleum Helicopters, Inc., Senior Notes, |
|
B1 |
|
1,009 |
|
775 |
|
Plains Exploration & Production Co., L.P., Senior |
|
Ba3 |
|
839 |
|
525 |
|
Pogo Producing Company, Senior Subordinated |
|
Ba3 |
|
532 |
|
600 |
|
Pride International, Inc., Senior Notes, |
|
Ba2 |
|
648 |
|
350 |
|
Range Resources Corporation, Senior Subordinated |
|
B3 |
|
353 |
|
500 |
|
Range Resources Corporation, Senior Subordinated |
|
B3 |
|
535 |
|
375 |
|
Southern Natural Gas Company, Senior Notes, |
|
B1 |
|
406 |
|
1,100 |
|
Stone Energy Corporation, Senior Subordinated Notes, |
|
B2 |
|
1,163 |
|
500 |
|
Swift Energy Company, Senior Notes, |
|
B1 |
|
515 |
|
925 |
|
Universal Compression, Inc., Senior |
|
Ba3 |
|
960 |
|
675 |
|
Whiting Petroleum Corporation, Senior Subordinated |
|
B2 |
|
684 |
|
425 |
|
Whiting Petroleum Corporation, Senior Subordinated |
|
B2 |
|
431 |
|
175 |
|
Williams Companies, Inc., Senior Notes, |
|
B1 |
|
190 |
|
3,725 |
|
Williams Companies, Inc., Senior Notes, |
|
B1 |
|
4,098 |
|
|
|
|
|
|
|
26,594 |
|
Personal, Food and Miscellaneous Services - 3.03% |
|
|
|
|
|
||
425 |
|
El Pollo Loco, Inc., Senior Secured Notes, |
|
B2 |
|
461 |
|
908 |
|
FTD, Inc., Senior Subordinated Notes, |
|
B3 |
|
910 |
|
525 |
|
FTI Consulting, Inc., Senior Notes, |
|
Ba2 |
|
535 |
|
700 |
|
Landrys Restaurants, Inc., Senior Notes, |
|
B2 |
|
665 |
|
600 |
|
Mac-Gray Corporation, Senior Notes, |
|
B1 |
|
612 |
|
850 |
|
OCharleys, Inc., Senior Subordinated Notes, |
|
Ba3 |
|
907 |
|
425 |
|
Real Mex Restaurants, Inc., Senior Notes, |
|
B2 |
|
455 |
|
675 |
|
Restaurant Company, Senior Notes, |
|
B2 |
|
648 |
|
1,125 |
|
Worldspan, L.P., Senior Notes, |
|
B3 |
|
993 |
|
|
|
|
|
|
|
6,186 |
|
7
Personal Non-Durable Consumer Products - 2.33% |
|
|
|
|
|
||
800 |
|
ACCO Brands Corporation, Senior Subordinated |
|
B2 |
|
790 |
|
1,050 |
|
American Achievement Corporation, Senior Subordinated |
|
B3 |
|
1,071 |
|
575 |
|
Chattem, Inc., Senior Subordinated Notes, |
|
B2 |
|
586 |
|
325 |
|
Church & Dwight Company, Inc., Senior Subordinated |
|
Ba3 |
|
317 |
|
425 |
|
Quicksilver, Inc., Senior Notes, |
|
B1 |
|
410 |
|
700 |
|
Rayovac Corporation, Senior Subordinated Notes, |
|
B3 |
|
674 |
|
1,025 |
|
Spectrum Brands, Inc., Senior Subordinated Notes, |
|
B3 |
|
917 |
|
|
|
|
|
|
|
4,765 |
|
Printing and Publishing - 8.61% |
|
|
|
|
|
||
450 |
|
Advanstar Communications Inc., Senior Notes, |
|
B3 |
|
506 |
|
575 |
|
Advanstar Communications Inc., Senior Subordinated |
|
Caa2 |
|
614 |
|
675 |
|
Advanstar Inc., Senior Discount Debentures, |
|
(e) |
|
695 |
|
850 |
|
Affinity Group Inc., Senior Subordinated Notes, |
|
B3 |
|
848 |
|
365 |
|
Affinity Group Inc., Senior Subordinated Notes, |
|
Caa1 |
|
348 |
|
1,878 |
|
CanWest Media, Inc., Senior Subordinated Notes, |
|
B2 |
|
1,990 |
|
950 |
|
CanWest Media, Inc., Senior Subordinated Notes, |
|
B2 |
|
1,026 |
|
635 |
|
Cenveo Corporation, Senior Notes, |
|
B1 |
|
676 |
|
1,137 |
|
Dex Media East LLC, Senior Subordinated Notes, |
|
B2 |
|
1,330 |
|
650 |
|
Dex Media West LLC, Senior Notes, |
|
B1 |
|
689 |
|
800 |
|
Dex Media West LLC, Senior Subordinated Notes, |
|
B2 |
|
884 |
|
475 |
|
Haights Cross Communications Operating Company, |
|
Caa1 |
|
515 |
|
600 |
|
Houghton Mifflin Company, Senior Notes, |
|
B3 |
|
622 |
|
475 |
|
Houghton Mifflin Company, Senior Subordinated |
|
Caa1 |
|
504 |
|
950 |
|
Jostens Intermediate Holding Corp., Senior |
|
B3 |
|
959 |
|
770 |
|
Lamar Advertising Company, Convertible Notes, |
|
B2 |
|
822 |
|
525 |
|
Lamar Media Corporation, Senior Subordinated Notes, |
|
Ba3 |
|
533 |
|
225 |
|
MediaNews Group, Inc., Senior Subordinated Notes, |
|
B2 |
|
213 |
|
650 |
|
MediaNews Group, Inc., Senior Subordinated Notes, |
|
B2 |
|
644 |
|
725 |
|
Morris Publishing Group, LLC, Senior Subordinated |
|
Ba3 |
|
710 |
|
1,900 |
|
R.H. Donnelley Inc., Senior |
|
B2 |
|
2,133 |
|
300 |
|
Vertis, Inc., Senior Secured Notes, |
|
B3 |
|
310 |
|
|
|
|
|
|
|
17,571 |
|
Retail Stores - 4.97% |
|
|
|
|
|
||
1,000 |
|
Alimentation Couche-Tard, Inc., Senior Subordinated |
|
Ba3 |
|
1,033 |
|
1,225 |
|
Amazon.com, Inc., Convertible Subordinated Notes, |
|
B3 |
|
1,201 |
|
2,600 |
|
GameStop Corporation, Senior Notes, |
|
Ba3 |
|
2,587 |
|
525 |
|
Gregg Appliances, Inc., Senior Notes, |
|
B2 |
|
493 |
|
975 |
|
Jean Coutu Group, Inc., Senior Notes, |
|
B2 |
|
994 |
|
1,000 |
|
Jean Coutu Group, Inc., Senior Subordinated Notes, |
|
B3 |
|
995 |
|
1,150 |
|
Leslies Poolmart, Inc., Senior Notes, |
|
B2 |
|
1,161 |
|
800 |
|
Movie Gallery, Inc., Senior Notes, |
|
B3 |
|
714 |
|
1,025 |
|
Nebraska Book Company, Inc., Senior Subordinated |
|
Caa1 |
|
963 |
|
|
|
|
|
|
|
10,141 |
|
Telecommunications - 16.88% |
|
|
|
|
|
||
1,872 |
|
Alamosa (Delaware), Inc., Senior Notes, |
|
Caa1 |
|
2,111 |
|
100 |
|
American Cellular Corporation, Senior Notes, |
|
B3 |
|
109 |
|
800 |
|
American Tower Corporation, Senior Notes, |
|
B1 |
|
840 |
|
125 |
|
American Tower Corporation, Senior Notes, |
|
B1 |
|
132 |
|
8
150 |
|
American Towers Corporation, Senior Subordinated Notes, |
|
Ba2 |
|
159 |
|
1,050 |
|
AT&T Corporation, Senior Notes, |
|
Ba1 |
|
1,183 |
|
875 |
|
Centennial Communications Corp., |
|
B3 |
|
927 |
|
350 |
|
Centennial Communications Corp., |
|
B3 |
|
392 |
|
900 |
|
Digicel Unlimited, Senior Notes, |
|
B3 |
|
944 |
|
600 |
|
Dobson Cellular Systems, Inc., Senior Notes |
|
B2 |
|
658 |
|
525 |
|
Dobson Communications Corporation, Senior Notes, |
|
Caa2 |
|
528 |
|
1,025 |
|
Eircom Funding plc, Senior Subordinated Notes, |
|
B1 |
|
1,116 |
|
425 |
|
Horizon PCS, Inc., Senior Notes, |
|
B3 |
|
489 |
|
104 |
|
Inmarsat Finance, plc, Senior Notes, |
|
B1 |
|
107 |
|
1,425 |
|
Intelsat, Ltd., Senior Notes, |
|
B2 |
|
1,453 |
|
450 |
|
iPCS Escrow Company, Senior Notes, |
|
B3 |
|
513 |
|
425 |
|
IWO Holdings, Inc., Senior Discount Notes, |
|
Caa2 |
|
296 |
|
1,050 |
|
Leucadia National Corporation, Senior Notes, |
|
B2 |
|
1,054 |
|
875 |
|
L-3 Communications Corporation, Senior Subordinated |
|
Ba3 |
|
879 |
|
975 |
|
MCI, Inc., Senior Notes, |
|
B2 |
|
1,013 |
|
1,800 |
|
NEXTEL Communications, Inc., Senior Notes, |
|
Baa2 |
|
1,913 |
|
1,375 |
|
NEXTEL Communications, Inc., Senior Notes, |
|
Baa2 |
|
1,475 |
|
725 |
|
Nextel Partners, Inc., Senior Notes, |
|
Ba3 |
|
783 |
|
924 |
|
PanAmSat Corporation, Senior Notes, |
|
B1 |
|
977 |
|
100 |
|
PanAmSat Holdco, Senior Discount Notes, |
|
B3 |
|
69 |
|
1,025 |
|
Qwest Communications International, Inc., Notes |
|
Ba3 |
|
1,071 |
|
825 |
|
Qwest Corporation, Notes, |
|
Ba3 |
|
858 |
|
2,197 |
|
Qwest Services Corp., Senior Subordinated |
|
Caa1 |
|
2,518 |
|
375 |
|
Rogers Wireless Inc., Senior Secured Notes, |
|
Ba3 |
|
404 |
|
2,400 |
|
Rogers Wireless Inc., Senior Secured Notes, |
|
B2 |
|
2,532 |
|
1,000 |
|
Rogers Wireless Inc., Senior Secured Notes, |
|
Ba3 |
|
1,150 |
|
475 |
|
Rural Cellular Corporation, Senior Notes, |
|
Caa1 |
|
498 |
|
175 |
|
Rural Cellular Corporation, Senior Subordinated Notes, |
|
Caa2 |
|
175 |
|
75 |
|
Rural Cellular Corporation, Senior Subordinated Notes, |
|
Caa2 |
|
76 |
|
650 |
|
Syniverse Technologies, Inc., Senior Subordianted |
|
B2 |
|
656 |
|
875 |
|
Time Warner Telecom, Inc., Senior Notes, |
|
B3 |
|
901 |
|
875 |
|
Time Warner Telecom, LLC, Senior Notes, |
|
B3 |
|
888 |
|
800 |
|
UbiquiTel Operating Co., Senior Notes, |
|
Caa1 |
|
888 |
|
625 |
|
US LEC Corporation, Senior Notes, |
|
B3 |
|
644 |
|
950 |
|
US Unwired Inc., Senior Secured Notes, |
|
Caa1 |
|
1,089 |
|
|
|
|
|
|
|
34,468 |
|
Textiles and Leather - .46% |
|
|
|
|
|
||
100 |
|
Interface, Inc., Senior Subordinated Notes, |
|
Caa3 |
|
101 |
|
850 |
|
Rafaella Apparel Group, Inc., Senior Secured, |
|
B2 |
|
829 |
|
|
|
|
|
|
|
930 |
|
Utilities - 8.16% |
|
|
|
|
|
||
350 |
|
The AES Corporation, Senior Notes, |
|
B1 |
|
374 |
|
725 |
|
The AES Corporation, Senior Notes, |
|
B1 |
|
799 |
|
1,700 |
|
The AES Corporation, Senior Secured Notes, |
|
Ba3 |
|
1,870 |
|
1,050 |
|
Allegheny Energy Supply Company, LLC, |
|
Ba3 |
|
1,179 |
|
1,125 |
|
Midwest Generation, LLC, Senior Secured Notes, |
|
B1 |
|
1,257 |
|
9
675 |
|
Mirant Americas Generation, Senior Notes, |
|
(e) |
|
840 |
|
|
2,085 |
|
NRG Energy, Inc., Senior Secured Notes, |
|
B1 |
|
2,221 |
|
|
1,650 |
|
Orion Power Holdings, Inc., Senior Notes, |
|
B2 |
|
1,984 |
|
|
700 |
|
Roseton-Danskammer 2001, Senior Secured Notes, |
|
Caa2 |
|
695 |
|
|
1,775 |
|
Sierra Pacific Resources, Senior Notes, |
|
B1 |
|
1,952 |
|
|
1,500 |
|
TECO Energy, Inc., Senior Notes, |
|
Ba2 |
|
1,584 |
|
|
1,250 |
|
Texas Genco LLC, Senior Notes, |
|
B1 |
|
1,272 |
|
|
600 |
|
Utilicorp Canada Financial Corporation, Senior Notes, |
|
B2 |
|
630 |
|
|
|
|
|
|
|
|
16,657 |
|
|
|
|
Total Corporate Debt Securities |
|
|
|
319,047 |
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
|
|
PREFERRED STOCK - 1.20% (d) |
|
|
|
|
|
|||
Banking - 0.00% |
|
|
|
|
|
|||
57,935 |
|
WestFed Holdings, Inc., Cumulative, Series A, |
|
(e) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadcasting and Entertainment - .17% |
|
|
|
|
|
|||
316 |
|
Spanish Broadcasting System, Inc.,Series B, |
|
Caa1 |
|
338 |
|
|
|
|
|
|
|
|
|
|
|
Mining, Steel, Iron, Non-Precious Metals - 0.00% |
|
|
|
|
|
|||
18,000 |
|
Weirton Steel Corporation, Series C |
|
(e) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications - .80% |
|
|
|
|
|
|||
1,625 |
|
Lucent Technologies |
|
B3 |
|
1,643 |
|
|
|
|
|
|
|
|
|
|
|
Utilities - .23% |
|
|
|
|
|
|||
375 |
|
NRG Energy, Inc., Convertible Preferred Stock, |
|
B3 |
|
467 |
|
|
|
|
Total Preferred Stock (Total cost of $7,636) |
|
|
|
2,448 |
|
|
|
|
|
|
|
|
|||
COMMON STOCK and WARRANTS - 0.00% (d) |
|
|
|
|
|
|||
27,474 |
|
WestFed Holdings, Inc., |
|
|
|
|
|
|
10,052 |
|
WKI Holding Company, Inc., |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock and Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
SHORT-TERM INVESTMENTS - 1.83% (d) |
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
3,746 |
|
PACCAR Financial Corporation, |
|
P-1 |
|
3,745 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments |
|
|
|
3,745 |
|
|
|
|
|
|
|
|
|
|
|
Total Investments (Total cost of $331,599) |
|
|
|
$ |
325,240 |
|
||
(a) Denotes issuer is in bankruptcy proceedings. Income is not being accrued.
(b) Securities are step interest bonds.Interest on these bonds accrues based on the effective interest method which results in a constant rate of interest being recognized.
(c) Security is valued at fair value using methods determined by the Board of Directors. The total value of these securities at September 30, 2005 was $0.
(d) Percentages indicated are based on total net assets to common shareholders of $204,182.
(e) Not rated.
(f) Non-income producing.
(g) 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 Note 1(a) of the Notes to Financial Statements for vaulation policy.Total market value of Rule 144A securities amounted to $57,227 as of September 30, 2005.
10
Note 1 to Schedule of Investments - September 30, 2005 (Unaudited)
Significant Accounting and Other Policies
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 commenced operations on February 26, 1988. 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.
The Fund invests primarily in fixed maturity corporate debt securities that are rated less than investment grade. Risk of loss upon default by the issuer is significantly greater with respect to such securities compared to investment grade securities because these securities are generally unsecured and are often subordinated to other creditors of the issuer and because these issuers usually have high levels of indebtedness and are more sensitive to adverse economic conditions, such as a recession, than are investment grade issuers. In some cases, the collection of principal and timely receipt of interest is dependent upon the issuer attaining improved operating results, selling assets or obtaining additional financing.
The Fund may focus its investments in certain industries, subjecting it to greater risk than a Fund that is more diversified. See the schedule of investments for information on individual securities as well as industry diversification and credit quality ratings.
Valuation of InvestmentsInvestments for which market quotations are readily available are stated at market value, which is determined by using the most recently quoted bid price provided by an independent pricing service or principal market maker. Independent pricing services provide market quotations based primarily on quotations from dealers and brokers, market transactions, accessing data from quotations services, offering sheets obtained from dealers and various relationships between securities. Short-term investments with original maturities of 60 days or less are stated at amortized cost, which approximates market value. Following procedures approved by the Board of Directors, investments for which market quotations are not readily available (primarily fixed-income corporate bonds and notes) are stated at fair value on the basis of subjective valuations furnished by securities dealers and brokers. Other investments, for which market quotations are not readily available with a cost of approximately $7,594,000 and a value of $0, are valued in good faith at fair market value using methods determined by the Board of Directors.
Securities Transactions and Net Investment IncomeSecurities transactions are recorded on trade date. Interest income is accrued on a daily basis. Discount on short-term investments is amortized to investment income. Premiums or discounts on corporate debt securities are amortized based on the interest method, for financial reporting purposes. All income on original issue discount and step interest bonds is accrued based on the effective interest method. The Fund does not amortize market premiums or discounts for tax purposes. Dividend payments received in the form of additional securities are recorded on the ex-dividend date in an amount equal to the value of the security on such date.
Item 2.
(a) The registrants President and Treasurer have concluded that the registrants disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (the Act)) are effective, based on their evaluation of these disclosure controls and procedures required by Rule 30a-3(b) as of a date within 90 days of the filing date of this report.
(b) There were no changes in the registrants internal control over financial reporting (as defined in rule 30a-3(d) under the Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting.
Item 3.
Certifications as required by Rule 30a-2(a) under the Act are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) |
The New America High Income Fund, Inc |
|
|||
|
|||||
By (Signature and Title) |
/s/ Robert F. Birch |
|
|||
|
Robert F. Birch |
||||
|
President |
||||
|
|||||
Date |
November 17, 2005 |
|
|||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) |
/s/ Robert F. Birch |
|
||
|
Robert F. Birch |
|||
|
President |
|||
|
||||
Date |
November 17, 2005 |
|
||
|
||||
|
||||
By (Signature and Title) |
/s/ Ellen E. Terry |
|
||
|
Ellen E. Terry |
|||
|
Treasurer |
|||
|
||||
Date |
November 17, 2005 |
|
||