Edgar Filing: NEW AMERICA HIGH INCOME FUND INC

	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549



	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)

Ellen E. Terry, 33 Broad 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:	1/1/13 - 3/31/13

Item 1 - Schedule of Investments - March 31, 2013 (Unaudited) (Dollar Amounts in Thousands)

Principal			Moody’s
Amount/Units			Rating	Value
			(Unaudited)	(Note 1)
CORPORATE DEBT SECURITIES - 131.20% (d)
Aerospace and Defense - 1.37%
$	475	Ducommun, Inc., Senior Notes,
		9.75%, 07/15/18	B3	$	522
500		Esterline Technologies, Senior Notes,
		7%, 08/01/20	Ba2	551
775		Kratos Defense and Security Solutions, Inc., Senior Notes,
		10%, 06/01/17	B3	853
650		Meccanica Holdings USA, Inc., Senior Notes,
		6.25%, 07/15/19 (g)	Baa3	673
625		Moog, Inc., Senior Notes,
		7.25%, 06/15/18	Ba3	653
200		Spirit Aerosystems, Inc., Senior Notes,
		7.50%, 10/01/17	Ba3	212
				3,464
Automobile - 3.22%
725		Allison Transmission, Inc., Senior Notes,
		7.125% 05/15/19 (g)	B3	779
350		American Axle and Manufacturing, Inc., Senior Notes,
		6.25%, 03/15/21	B2	359
375		American Axle and Manufacturing, Inc., Senior Notes,
		6.625%, 10/15/22	B2	388
1,000		Chrysler Group LLC, Senior Notes,
		8%, 06/15/19	B1	1,098
200		Chrysler Group LLC, Senior Notes,
		8.25%, 06/15/21	B1	224
200		Delphi Corporation, Senior Notes,
		5%, 02/15/23	Ba1	211
300		Delphi Corporation, Senior Notes,
		5.875%, 05/15/19	Ba1	324
375		Delphi Corporation, Senior Notes,
		6.125%, 05/15/21	Ba1	413
450		Goodyear Tire & Rubber Company, Senior Notes,
		6.50%, 03/01/21	B1	464
125		Goodyear Tire & Rubber Company, Senior Notes,
		7%, 05/15/22	B1	132
550		Goodyear Tire & Rubber Company, Senior Notes,
		8.25%, 08/15/20	B1	608
200		Goodyear Tire & Rubber Company, Senior Notes,
		8.75%, 08/15/20	B1	229
400		Jaguar Land Rover Automotive Plc, Senior Notes,
		5.625%, 02/01/23 (g)	Ba3	416
600		Milacron LLC, Senior Notes,
		7.75%, 02/15/21 (g)	Caa1	618
225		Pittsburgh Glass Works, LLC, Senior Notes,
		8.50%, 04/15/16 (g)	B2	229
200		Schaeffler Finance B.V., Senior Notes,
		7.75%, 02/15/17 (g)	Ba3	227
600		Schaeffler Finance B.V., Senior Notes,
		8.50%, 02/15/19 (g)	Ba3	684
300		Sonic Automotive, Inc., Senior Subordinated Notes,

		7%, 07/15/22	B3	$	330
$	375	TRW Automotive, Inc., Senior Notes,
		4.50%, 03/01/21 (g)	Ba2	381
				8,114
Beverage, Food and Tobacco - 3.22%
370		Bumble Bee Acquistion Company, Senior Notes,
		9%, 12/15/17 (g)	B2	406
600		Constellation Brands, Inc., Senior Notes,
		6%, 05/01/22	Ba1	659
1,550		Del Monte Foods Company, Senior Notes,
		7.625%, 02/15/19	Caa1	1,608
370		Esal GMBH, Senior Notes,
		6.25%, 02/05/23 (g)	(e)	370
850		Hawk Acquisition Sub, Inc., Senior Notes,
		4.25%, 10/15/20 (g)	B1	850
750		Land O’Lakes Capital Trust I,
		7.45%, 03/15/28 (g)	Ba3	750
375		Michael Foods, Inc., Senior Notes,
		8.50%, 07/15/18 (g)	Caa1	387
875		Pinnacle Foods Finance LLC, Senior Notes,
		8.25%, 09/01/17	Caa1	941
125		Post Holdings, Inc., Senior Notes,
		7.375%, 02/15/22	B1	137
350		Shearers Food, Inc., Senior Notes,
		9%, 11/01/19 (g)	B3	382
1,525		U.S. Food Service, Inc., Senior Notes,
		8.50%, 06/30/19 (g)	Caa2	1,620
				8,110
Broadcasting and Entertainment - 12.87%
800		AMC Entertainment, Inc., Senior Notes,
		8.75%, 06/01/19	B2	877
800		AMC Networks, Inc., Senior Notes,
		4.75%, 12/15/22	B1	794
250		Altice Financing S.A., Senior Notes,
		7.875%, 12/15/19 (g)	Ba2	273
675		Altice Financing S.A., Senior Notes,
		9.875%, 12/15/20 (g)	B2	758
475		Block Communications, Inc., Senior Notes,
		7.25%, 02/01/20 (g)	Ba3	517
275		Cablevision Systems Corporation, Senior Notes,
		8.625%, 09/15/17	B1	320
1,250		CCO Holdings, LLC, Senior Notes,
		5.125%, 02/15/23	B1	1,214
1,150		CCO Holdings, LLC, Senior Notes,
		6.625%, 01/31/22	B1	1,233
625		Central European Media Enterprises Ltd., Senior Notes,
		11.625%, 09/15/16 (g)(EUR)	(e)	829
1,400		Cequel Communications Holdings I, LLC, Senior Notes,
		6.375%, 09/15/20 (g)	B3	1,454
250		Cinemark USA, Inc., Senior Notes,
		5.125%, 12/15/22 (g)	B2	251
150		Cinemark USA, Inc., Senior Notes,
		7.375%, 06/15/21	B3	168
725		Clear Channel Communications, Inc., Senior Notes,

		4.90%, 05/15/15	Ca	$	672
$	225	Clear Channel Communications, Inc., Senior Notes,
		7.25%, 10/15/27	Ca	120
175		Clear Channel Worldwide Holdings, Inc., Senior Subordinated
		Notes, 7.625%, 03/15/20	B3	181
675		Clear Channel Worldwide Holdings, Inc., Senior Subordinated
		Notes, 7.625%, 03/15/20	B3	705
600		CSC Holdings, LLC, Senior Notes,
		6.75%, 11/15/21	Ba3	675
150		Cyfrowy Polsat Finance AB, Senior Notes,
		7.125%, 05/20/18 (g)(EUR)	Ba2	208
750		Dish DBS Corporation, Senior Notes,
		5%, 03/15/23 (g)	Ba2	740
850		Dish DBS Corporation, Senior Notes,
		5.875%, 07/15/22	Ba2	891
550		Dish DBS Corporation, Senior Notes,
		6.75%, 06/01/21	Ba2	611
150		Dish DBS Corporation, Senior Notes,
		7.125%, 02/01/16	Ba2	167
700		Dish DBS Corporation, Senior Notes,
		7.875%, 09/01/19	Ba2	830
575		GTP Acquisition Partners I, LLC, Senior Notes,
		7.628%, 06/15/41 (g)	Ba3	639
225		Lamar Media Corporation, Senior Subordinated Notes,
		5%, 05/01/23	B1	225
325		Lamar Media Corporation, Senior Subordinated Notes,
		5.875%, 02/01/22	B1	353
350		Lin Television Corporation, Senior Notes,
		8.375%, 04/15/18	B3	380
500		Mediacom Broadband LLC, Senior Notes,
		6.375%, 04/01/23 (g)	B3	519
475		Nara Cable Funding, Limited, Senior Notes,
		8.875%, 12/1/18 (g)	B1	496
200		Nara Cable Funding, Limited, Senior Notes,
		8.875%, 12/1/18 (g)	B1	207
350		National CineMedia LLC, Senior Notes,
		6%, 04/15/22	Ba2	376
1,475		Netflix, Inc., Senior Notes,
		5.375%, 02/01/21 (g)	Ba3	1,469
825		Nexstar Broadcasting, Inc., Senior Notes,
		8.875%, 04/15/17	B3	907
100		Numericable Finance & Co. S.C.A., Senior Notes,
		8.75%, 02/15/19 (g)(EUR)	B2	139
350		Numericable Finance & Co. S.C.A., Senior Notes,
		12.375%, 02/15/19 (g)(EUR)	B2	532
475		Polish Television Holding B.V., Senior Notes,
		11.25%, 05/15/17 (g) (EUR)	(e)	655
600		Sinclair Television Group, Inc., Senior Notes,
		6.125%, 10/01/22 (g)	B1	629
475		Starz LLC, Senior Notes,
		5%, 09/15/19	Ba2	489
250		Starz LLC, Senior Notes,
		5%, 09/15/19 (g)	Ba2	257
250		Telenet Finance V Luxembourg S.C.A, Senior Notes,
		6.25%, 08/15/22 (g)(EUR)	Ba3	327
475		Unitymedia Hessen GmbH&Co., Senior Notes,
		9.50%, 03/15/21 (g) (EUR)	B3	696
525		Univision Communications, Inc., Senior Notes,

		6.75%, 09/15/22 (g)	B2	$	566
$	375	Univision Communications, Inc., Senior Notes,
		6.875%, 05/15/19 (g)	B2	401
1,950		Univision Communications, Inc., Senior Notes,
		7.875%, 11/01/20 (g)	B2	2,150
1,750		Univision Communications, Inc., Senior Notes,
		8.50%, 05/15/21 (g)	Caa2	1,886
475		UPCB Finance Limited, Senior Notes,
		6.875%, 01/15/22 (g)	Ba3	516
550		UPCB Finance Limited, Senior Notes,
		7.25%, 11/15/21 (g)	Ba3	608
325		UPCB Finance Limited, Senior Notes,
		7.625%, 01/15/20 (g) (EUR)	Ba3	451
575		Videotron Ltee., Senior Notes,
		5%, 07/15/22	Ba2	585
175		WaveDivision Holdings, LLC, Senior Notes,
		8.125%, 09/01/20 (g)	Caa1	183
600		Wide Open West Finance, LLC, Senior Notes,
		10.25%, 07/15/19 (g)	Caa1	664
275		WMG Acquisition Corporation, Senior Notes,
		6%, 01/15/21 (g)	Ba2	288
300		WMG Acquisition Corporation, Senior Notes,
		11.50%, 10/01/18	B3	352
				32,433
Building and Real Estate - 8.54%
200		Ainsworth Lumber Company Ltd., Senior Notes,
		7.50%, 12/15/17 (g)	B2	218
400		Ashton Woods USA, LLC, Senior Notes,
		6.875%, 02/15/21 (g)	Caa1	405
1,250		Associated Materials, Inc., Senior Notes,
		9.125%, 11/01/17	Caa1	1,325
275		Aviv Healthcare Properties Ltd. Partnership, Senior Notes,
		7.75%, 02/15/19	B1	296
175		Beazer Homes USA, Inc., Senior Notes,
		7.25%, 02/01/23 (g)	Caa2	180
325		CB Richard Ellis Services, Inc., Senior Subordinated Notes,
		11.625%, 06/15/17	Ba2	349
850		CBRE Services, Inc., Senior Notes,
		5%, 03/15/23	Ba1	859
500		CCRE Company, Senior Notes,
		7.75%, 02/15/18 (g)	B1	509
400		Cemex SAB de CV, Senior Notes,
		5.875%, 03/25/19 (g)	(e)	404
1,150		Cemex Finance LLC, Senior Notes,
		9.375%, 10/12/22 (g)	(e)	1,330
1,125		Cemex SAB de CV, Senior Notes,
		9%, 01/11/18 (g)	(e)	1,243
450		Corrections Corporation of America, Senior Notes,
		4.625%, 05/01/23 (g)	Ba1	459
650		Dycom Investments Inc., Senior Subordinated Notes,
		7.125%, 01/15/21	Ba3	694
650		P.H. Glatfelter Company,Senior Notes,
		5.375%, 10/15/20	Ba1	681
300		Host Hotels and Resorts, L.P., Senior Notes,
		5.875%, 06/15/19	Baa3	330

$	525	iStar Financial, Inc., Senior Notes,
		7.125%, 02/15/18	B3	$	551
600		KB Home, Senior Notes,
		8%, 03/15/20	B2	695
400		Ladder Capital Finance Holdings LLLP, Senior Notes,
		7.375%, 10/01/17 (g)	Ba3	418
250		LaFarge SA, Senior Notes,
		6.75%, 12/16/19 (EUR)	Ba1	369
475		Masco Corporation, Senior Notes,
		5.85%, 03/15/17	Ba3	525
325		Masco Corporation, Senior Notes,
		6.125%, 10/03/16	Ba3	363
750		Mercer International, Inc., Senior Notes,
		9.50%, 12/01/17	B3	818
225		Meritage Homes Corporation, Senior Notes,
		7%, 04/01/22	B1	251
250		MPT Operating Partnership, L.P., Senior Notes,
		6.375%, 02/15/22	Ba1	268
525		MPT Operating Partnership, L.P., Senior Notes,
		6.875%, 05/01/21	Ba1	574
575		Nortek, Inc., Senior Notes,
		8.50%, 04/15/21	Caa1	638
650		Nortek, Inc., Senior Notes,
		10%, 12/01/18	Caa1	728
675		Omega Healthcare Investors, Inc., Senior Notes,
		5.875%, 03/15/24	Ba1	719
575		Potlach Corporation, Senior Notes,
		7.50%, 11/01/19	Ba1	663
375		RSI Home Products, Inc., Senior Notes,
		6.875%, 03/01/18 (g)	B1	383
900		Shea Homes Limited Partnership, Senior Notes,
		8.625%, 05/15/19	B2	1,012
200		Standard Pacific Corporation, Senior Notes,
		8.375%, 05/15/18	B3	236
400		Standard Pacific Corporation, Senior Notes,
		10.75%, 09/15/16	B3	498
550		Summit Materials LLC, Senior Notes,
		10.50%, 01/31/20 (g)	B3	616
525		Texas Industries, Senior Notes,
		9.25%, 08/15/20	Caa2	578
125		USG Corporation, Senior Notes,
		8.375%, 10/15/18 (g)	B2	139
450		USG Corporation, Senior Notes,
		9.75%, 08/01/14 (g)	B2	492
125		USG Corporation, Senior Notes,
		9.75%, 01/15/18	Caa2	148
500		William Lyons Homes, Inc., Senior Notes,
		8.50%, 11/15/20 (g)	Caa2	545
				21,509
Cargo Transport - .91%
480		DP World Ltd., Senior Notes,
		6.85%, 07/02/37(g)	Baa3	547
246		Florida East Coast Holdings, Senior Notes,
		10.50%, 08/01/17 (h)	Caa3	256
600		Florida East Coast Railway Corporation, Senior Notes,
		8.125%, 02/01/17	B3	644

$	250	Kansas City Southern de Mexico, S.A. de C.V., Senior Notes,
		6.125%, 06/15/21	Ba1	$	282
200		Kansas City Southern de Mexico, S.A. de C.V., Senior Notes,
		6.625%, 12/15/20	Ba1	226
325		Watco Companies, LLC, Senior Notes,
		6.375%, 04/01/23 (g)	B3	334
				2,289
Chemicals, Plastics and Rubber - 4.82%
225		Ashland Inc., Senior Notes,
		3.875%, 04/15/18 (g)	Ba1	228
475		Ashland Inc., Senior Notes,
		4.75%, 08/15/22 (g)	Ba1	481
875		Celanese US Holdings LLC, Senior Notes,
		4.625%, 11/15/22	Ba2	875
475		Ciech Group Financing, Senior Notes,
		9.50%, 11/30/19 (g)(EUR)	B2	665
225		Compass Minerals International, Inc., Senior Notes,
		8%, 06/01/19	Ba2	243
575		Eagle Spinco, Inc., Senior Notes
		4.625%, 02/15/21 (g)	Ba3	587
925		Hexion Specialty Chemicals, Inc., Senior Notes,
		6.625%, 04/15/20 (g)	Ba3	927
425		Hexion Specialty Chemicals, Inc., Senior Notes,
		8,875%, 02/01/18 (g)	B3	441
275		Hexion Specialty Chemicals, Inc., Senior Notes,
		9%, 11/15/20	(e)	261
250		Huntsman International LLC, Senior Notes,
		4.875%, 11/15/20 (g)	B1	252
175		Huntsman International LLC, Senior Subordinated Notes,
		8.625%, 03/15/20	B2	196
575		Ineos Finance PLC, Senior Notes,
		8.375%, 02/15/19 (g)	B1	635
200		Ineos Finance PLC, Senior Notes,
		9%, 05/15/15 (g)	B1	210
375		Koppers Holdings Inc., Senior Notes,
		7.875%, 12/01/19	B1	413
200		Lyondell Chemical Company, Senior Notes,
		5%, 04/15/19	Baa3	226
275		Momentive Performance Materials, Inc., Senior Notes,
		8.875%, 10/15/20	B1	284
450		Momentive Performance Materials, Inc., Senior Notes,
		9%, 01/15/21	Caa1	339
300		Petrologistics LP, Senior Notes,
		6.25%, 04/01/20 (g)	B2	304
425		PolyOne Corporation, Senior Notes,
		5.25%, 03/15/23 (g)	Ba3	431
325		PolyOne Corporation, Senior Notes,
		7.375%, 09/15/20	Ba3	360
950		PQ Corporation, Senior Notes,
		8.75%, 05/01/18 (g)	Caa1	1,017
600		Rockwood Specialty Group, Inc., Senior Notes,
		4.625%, 10/15/20	Ba2	615
550		Styrolution Group GmbH, Senior Notes,
		7.625%, 05/15/16 (g)(EUR)	B2	738
450		Trinseo Materials Operating S.C.A., Senior Notes,
		8.75%, 02/01/19 (g)	B1	454

$	525	Tronox Finance LLC, Senior Notes,
		6.375%, 08/15/20 (g)	B1	$	511
100		US Coat Acquisition, Senior Notes,
		5.75%, 02/01/21 (g)(EUR)	B1	131
300		US Coat Acquisition, Senior Notes,
		7.375%, 05/01/21 (g)	Caa1	316
				12,140
Containers, Packaging and Glass - 6.39%
375		AEP Industries, Inc., Senior Notes,
		8.25%, 04/15/19	B3	408
211		ARD Finance S.A., Senior Notes,
		11.125%, 06/01/18 (g)(h)	Caa1	231
475		Ardagh Packaging Finance plc, Senior Notes,
		7%, 11/15/20 (g)	B3	489
875		Ardagh Packaging Finance plc, Senior Notes,
		9.25%, 10/15/20 (g)(EUR)	B3	1,209
425		Ball Corporation, Senior Notes,
		7.375%, 09/01/19	Ba1	469
425		Boise Cascade LLC, Senior Notes,
		6.375%, 11/01/20 (g)	B2	449
250		Boise Paper Holdings LLC, Senior Notes,
		8%, 04/01/20	Ba3	277
375		Boise Paper Holdings LLC, Senior Notes,
		9%, 11/01/17	Ba3	405
425		Bway Holding Company, Senior Notes,
		10%, 06/15/18	B3	476
1,200		Cascades Inc., Senior Notes,
		7.75%, 12/15/17	Ba3	1,278
925		Cascades, Inc., Senior Notes,
		7.875%, 01/15/20	Ba3	993
875		Clearwater Paper Corporation, Senior Notes,
		4.50%, 02/01/23 (g)	Ba2	858
250		Clearwater Paper Corporation, Senior Notes,
		7.125%, 11/01/18	Ba2	272
375		Crown Americas LLC, Senior Notes,
		4.50%, 01/15/23 (g)	Ba2	365
400		Exopack Holding Corporation, Senior Notes,
		10%, 06/01/18	Caa2	399
325		Graphic Packaging International, Inc., Senior Notes,
		4.75%, 04/15/21	Ba3	330
525		Graphic Packaging International, Inc., Senior Notes,
		7.875%, 10/01/18	Ba3	581
600		Graphic Packaging International, Inc., Senior Notes,
		9.50%, 06/15/17	Ba3	638
350		Greif Inc., Senior Notes,
		7.75%, 08/01/19	Ba2	407
300		Plastipak Holdings, Inc., Senior Notes,
		10.625%, 08/15/19 (g)	B3	341
200		Reynolds Group Issuer, Inc., Senior Notes,
		5.75%, 10/15/20	B1	203
175		Reynolds Group Issuer, Inc., Senior Notes,
		7.125%, 04/15/19	B1	189
1,050		Reynolds Group Issuer, Inc., Senior Notes,
		9%, 04/15/19	Caa2	1,108
425		Reynolds Group Issuer, Inc., Senior Notes,
		9.875%, 08/15/19	Caa2	465

$	285	Rock-Tenn Company, Senior Notes,
		3.50%, 03/01/20	Ba1	$	292
135		Rock-Tenn Company, Senior Notes,
		4.45%, 03/01/19	Ba1	146
90		Rock-Tenn Company, Senior Notes,
		4.90%, 03/01/22	Ba1	98
675		Sappi Papier Holding GmbH, Senior Notes,
		6.625%, 04/15/21 (g)	Ba2	699
575		Sappi Papier Holding GmbH, Senior Notes,
		7.75%, 07/15/17 (g)	Ba2	637
275		Sappi Papier Holding GmbH, Senior Notes,
		8.375%, 06/15/19 (g)	Ba2	307
625		Sealed Air Corporation, Senior Notes,
		5.25%, 04/01/23 (g)	B1	629
400		Tekni Plex, Inc., Senior Notes,
		9.75%, 06/01/19 (g)	Caa1	441
				16,089
Diversified/Conglomerate Manufacturing - 5.12%
375		Amsted Industries, Inc., Senior Notes,
		8.125%, 03/15/18 (g)	Ba3	404
325		BC Mountain LLC, Senior Notes,
		7%, 02/01/21 (g)	B3	345
1,075		Building Materials Corporation of America, Senior Notes,
		6.75%, 05/01/21 (g)	Ba3	1,173
650		Case New Holland, Incorporated, Senior Notes,
		7.875%, 12/01/17	Ba2	765
900		CNH Capital LLC, Senior Notes,
		6.25%, 11/01/16	Ba2	993
450		Coleman Cable, Inc., Senior Notes,
		9%, 02/15/18	B3	488
250		Columbus McKinnon Corporation, Senior Subordinated Notes,
		7.875%, 02/01/19	B1	269
1,525		Commscope, Inc., Senior Notes,
		8.25%, 01/15/19 (g)	B3	1,662
500		Fiat Industrial Finance, Senior Notes,
		6.25%, 03/09/18 (EUR)	Ba2	710
325		General Cable Corporation, Senior Notes,
		5.75%, 10/01/22 (g)	B1	332
275		Interline Brands, Inc., Senior Notes,
		10%, 11/15/18 (g)	Caa1	303
475		KM Germany Holding GMBH, Senior Notes,
		8.75%, 12/15/20 (g)(EUR)	B2	655
400		Manitowoc Company, Inc., Senior Notes,
		5.875%, 10/15/22	B3	418
300		Manitowoc Company, Inc., Senior Notes,
		8.50%, 11/01/20	B3	340
375		Mcron Finance Sub LLC, Senior Notes,
		8.375%, 05/15/19 (g)	B1	413
350		Navistar International Corporation, Senior Notes,
		8.25%, 11/01/21	B3	356
700		Sensata Technologies BV, Senior Notes,
		6.50%, 05/15/19 (g)	B2	756
425		Silver II Borrower S.C.A., Senior Notes,
		7.75%, 12/15/20 (g)	Caa1	451
1,000		Terex Corporation, Senior Notes,
		6%, 5/15/21	B3	1,054
200		Terex Corporation, Senior Notes,

		6.50%, 04/01/20	B3	$	214
$	675	Vulcan Materials, Senior Notes,
		7.50%, 06/15/21	Ba3	795
				12,896
Diversified/Conglomerate Service - 10.63%
550		Alliance Data Systems Company, Senior Notes,
		5.25%, 12/01/17 (g)	(e)	571
575		Alliance Data Systems Company, Senior Notes,
		6.375%, 04/01/20 (g)	(e)	620
275		Anixter Inc., Senior Notes,
		5.625%, 05/01/19	Ba3	293
1,250		Aguila 3 S.A., Senior Notes,
		7.875%, 01/31/18 (g)	B2	1,333
350		Aramark Holdings, Senior Notes,
		5.75%, 03/15/20 (g)	B3	358
250		Ashtead Capital Inc., Senior Notes,
		6.50%, 07/15/22 (g)	B2	272
375		Avis Budget Car Rental LLC, Senior Notes,
		6%, 03/01/21 (g)(EUR)	B2	490
700		Capsugel Finance Company, Senior Notes,
		9.875%, 08/01/19 (g)(EUR)	Caa1	1,006
175		Cerved Technologies, Senior Notes,
		6.375%, 01/15/20 (g)(EUR)	B2	221
25		CDW Corporation, Senior Secured Notes,
		8%, 12/15/18	B1	28
1,600		CDW Escrow Corporation, Senior Subordinate Notes,
		8.50%, 04/01/19	B3	1,780
275		Ceridian Corporation, Senior Notes,
		8.875%, 07/15/19 (g)	B1	320
325		Clean Harbors, Incorporated, Senior Notes,
		5.125%, 06/01/21 (g)	Ba2	331
250		Clean Harbors, Incorporated, Senior Notes,
		5.25%, 08/01/20	Ba2	257
350		Coinstar, Inc., Senior Notes,
		6%, 03/15/19 (g)	Ba3	357
950		Europcar Groupe SA, Senior Notes,
		11.50%, 05/15/17 (g)(EUR)	Caa1	1,345
675		First Data Corporation, Senior Notes,
		6.75%, 11/01/20 (g)	B1	705
1,300		First Data Corporation, Senior Notes,
		7.375%, 06/15/19 (g)	B1	1,384
400		First Data Corporation, Senior Notes,
		11.25%, 01/15/21 (g)	Caa1	416
1,775		First Data Corporation, Senior Notes,
		12.625%, 01/15/21	Caa1	1,921
175		FTI Consulting Inc., Senior Notes,
		6%, 11/15/22 (g)	Ba2	186
475		FTI Consulting Inc., Senior Notes,
		6.75%, 10/01/20	Ba2	514
125		Gategroup Finance (Luxembourg) S.A., Senior Notes,
		6.75%, 03/01/19 (g) (EUR)	B1	161
425		Global General Merger, Senior Notes,
		11%, 12/15/20 (g)	Caa1	463
475		Goodman Networks, Inc., Senior Notes,
		13.125%, 07/01/18 (g)	B2	527
300		H&E Equipment Services, Senior Notes,

		7%, 09/01/22 (g)	B3	$	330
$	600	Harbinger Group, Inc., Senior Notes,
		7.875%, 07/15/19 (g)	B3	635
325		Hertz, Inc., Senior Notes,
		6.25%, 10/15/22	B2	353
350		Igloo Holdings Corporation, Senior Notes,
		8.25%, 12/15/17 (g)	Caa1	361
475		iPayment, Inc., Senior Notes,
		10.25%, 05/15/18	B3	439
325		Iron Mountain Inc., Senior Subordinated Notes,
		5.75%, 08/15/24	B1	324
175		Jaguar Holdings, Inc., Senior Notes,
		9.375%, 10/15/17 (g)	Caa1	187
700		Jaguar Holdings, Inc., Senior Notes,
		9.50%, 12/01/19 (g)	B3	802
100		Loxam SAS Senior Notes,
		7.375%, 01/24/20 (g)(EUR)	(e)	131
350		Maxim Crane Works, L.P., Senior Notes,
		12.25%, 04/15/15 (g)	Caa2	365
675		MDC Partners, Inc., Senior Notes,
		6.75%, 04/01/20 (g)	B3	683
275		Rexel SA, Senior Notes,
		5.125%, 06/15/20 (g)(EUR)	Ba3	357
425		Rexel SA, Senior Notes,
		5.25%, 06/15/20 (g)	Ba3	432
275		Service Master Company, Senior Notes,
		8%, 02/15/20	B3	295
500		Sungard Data Systems, Inc., Senior Subordinated Notes,
		6.625%, 11/01/19 (g)	Caa1	516
675		Syniverse Holdings, Inc., Senior Notes,
		9.125%, 01/15/19	Caa1	741
100		Techem GmbH, Senior Notes,
		6.125%, 10/01/19 (g)(EUR)	Ba3	137
250		Transunion Holding Company, Inc., Senior Notes,
		8.125%, 06/15/18 (g)	Caa1	261
250		Truven Health Analytics, Senior Notes,
		10.625%, 06/01/20 (g)	Caa1	285
325		United Rentals of North America, Inc., Senior Notes,
		6.125%, 06/15/23	B3	349
350		UR Financing Escrow Corporation, Senior Notes,
		5.75%, 07/15/18	Ba3	380
625		Verisure Holding AB, Senior Notes,
		8.75%, 09/01/18 (g)(EUR)	B2	883
525		West Corporation, Senior Notes,
		7.875%, 01/15/19	Caa1	556
1,025		West Corporation, Senior Notes,
		8.625%, 10/01/18	Caa1	1,115
				26,776
Electronics - 3.74%
700		Core Logic, Inc., Senior Notes,
		7.25%, 06/01/21	Ba3	774
500		Epicor Software Corporation, Senior Notes,
		8.625%, 05/01/19	Caa1	543
525		Global AT&T Electronics, Ltd., Senior Notes,
		10%, 02/01/19 (g)	B1	564
950		HD Supply, Inc., Senior Notes,

		7.50%, 07/15/20 (g)	Caa1	$	1,007
$	200	HD Supply, Inc., Senior Notes,
		11.50%, 07/15/20	Caa1	237
950		HD Supply, Inc., Senior Subordinated Notes,
		10.50%, 01/15/21	Caa2	988
1,375		iGATE Corporation, Senior Notes,
		9%, 05/01/16	B2	1,500
650		Infor US, Inc., Senior Notes,
		9.375%, 04/01/19	Caa1	736
225		Infor US, Inc., Senior Notes,
		11.50%, 07/15/18	Caa1	264
1,325		MEMC Electronic Materials, Inc., Senior Notes,
		7.75%, 04/01/19	Caa1	1,222
350		NCR Corporation, Senior Notes,
		4.625%, 02/15/21 (g)	Ba3	348
750		NCR Corporation, Senior Notes,
		5%, 07/15/22 (g)	Ba3	754
475		Nuance Communications, Senior Notes,
		5.375%, 08/15/20 (g)	Ba3	480
				9,417
Finance - 10.83%
475		AerCap Aviation Solutions B.V., Senior Notes,
		6.375%, 05/30/17	(e)	507
650		Aircastle Limited, Senior Notes,
		6.25%, 12/01/19	Ba3	710
300		Aircastle Limited, Senior Notes,
		6.75%, 04/15/17	Ba3	331
750		Aircastle Limited, Senior Notes,
		7.625%, 04/15/20	Ba3	868
600		Aircastle Limited, Senior Notes,
		9.75%, 08/01/18	Ba3	684
425		Air Lease Corporation, Senior Notes,
		4.50%, 01/15/16	(e)	441
800		Air Lease Corporation, Senior Notes,
		6.125%, 04/01/17	(e)	866
875		Algeco Scotsman Global Finance PLC, Senior Notes,
		8.50%, 10/15/18 (g)	B1	937
1,175		Ally Financial, Inc., Senior Notes,
		5.50%, 02/15/17	B1	1,269
775		Ally Financial, Inc., Senior Notes,
		7.50%, 09/15/20	B1	942
700		CIT Group, Inc., Senior Notes,
		4.25%, 08/15/17	Ba3	730
700		CIT Group, Inc., Senior Notes,
		5%, 08/15/22	Ba3	751
1,575		CIT Group, Inc., Senior Notes,
		5.375%, 05/15/20	Ba3	1,717
2,175		CIT Group, Inc., Senior Notes,
		5.50%, 02/15/19 (g)	Ba3	2,387
1,650		CIT Group, Inc., Senior Notes,
		6.625%, 04/01/18 (g)	Ba3	1,881
1,200		Discover Financial Services, Senior Notes,
		10.25%, 07/15/19	Ba1	1,592
900		E*Trade Financial Corporation, Senior Notes,
		6.375%, 11/15/19	B2	950

$	600	E*Trade Financial Corporation, Senior Notes,
		6.75%, 06/01/16	B2	$	648
275		General Motors Financial Company, Inc., Senior Notes,
		4.75%, 08/15/17 (g)	Ba3	286
350		General Motors Financial Company, Inc., Senior Notes,
		6.75%, 06/01/18	Ba3	396
1,450		Icahn Enterprises, L.P., Senior Notes,
		8%, 01/15/18	Ba3	1,553
425		International Lease Finance Corporation, Senior Notes,
		4.875%, 04/01/15	Ba3	446
350		International Lease Finance Corporation, Senior Notes,
		5.75%, 05/15/16	Ba3	378
300		International Lease Finance Corporation, Senior Notes,
		8.875%, 09/01/17	Ba3	362
525		MBIA Insurance Corporation, Surplus Notes,
		11.564%, 01/15/33 (g)	C	168
225		Nationstar Mortgage LLC, Senior Notes,
		6.50%, 07/01/21 (g)	B2	235
500		Nationstar Mortgage LLC, Senior Notes,
		9.625%, 05/01/19 (g)	B2	571
200		Nationstar Mortgage LLC, Senior Notes,
		9.625%, 05/01/19 (g)	B2	229
400		Neuberger Berman Group LLC, Senior Notes,
		5.625%, 03/15/20 (g)	Ba1	416
425		Neuberger Berman Group LLC, Senior Notes,
		5.875%, 03/15/22 (g)	Ba1	451
225		Provident Funding Associates, L.P., Senior Notes,
		10.125%, 02/15/19 (g)	B2	245
575		Provident Funding Associates, L.P., Senior Notes,
		10.25%, 04/15/17 (g)	Ba3	645
790		SLM Corporation, Senior Medium Term Notes,
		5.50%, 01/25/23	(e)	784
200		SLM Corporation, Senior Medium Term Notes,
		8.45%, 06/15/18	Ba1	237
625		Springleaf Finance Corporation, Senior Medium Term
		Notes, 6.90%, 12/15/17	Caa1	628
900		Synovus Financial Corporation, Subordinate Notes,
		5.125%, 06/15/17	B3	900
125		Synovus Financial Corporation, Senior Notes,
		7.875%, 02/15/19	B2	142
				27,283
Furnishings - .25%
250		Mohawk Industries, Inc., Senior Notes,
		3.85%, 02/01/23	Ba1	254
350		Tempur-Pedic International, Inc., Senior Notes,
		6.875%, 12/15/20 (g)	B3	373
				627
Groceries - .14%
325		The Pantry, Inc., Senior Notes,
		8.375%, 08/01/20 (g)	Caa1	347

Healthcare, Education and Childcare - 7.28%
1,125		Biomet, Inc., Senior Notes,
		6.50%, 08/01/20 (g)	B3	1,193

$	800	Capella Healthcare Inc., Senior Notes,
		9.25%, 07/01/17	B3	$	868
600		CHS/Community Health Systems, Inc., Senior Notes,
		5.125%, 08/15/18	Ba3	629
625		CHS/Community Health Systems, Inc., Senior Notes,
		7.125%, 07/15/20	B3	680
475		CHS/Community Health Systems, Inc., Senior Notes,
		8%, 11/15/19	B3	526
175		Crown Newco 3 plc, Senior Notes,
		7%, 02/15/18 (g)(GBP)	B2	275
525		Davita, Inc., Senior Notes,
		6.375%, 11/01/18	B2	560
775		Fresenius Medical Care US Finance II, Inc., Senior Notes,
		5.625%, 07/31/19 (g)	Ba2	852
450		Fresenius Medical Care US Finance II, Inc., Senior Notes,
		5.875%, 01/31/22 (g)	Ba2	502
525		HCA Holdings, Inc., Senior Notes,
		6.25%, 02/15/21	B3	560
1,375		HCA, Inc., Senior Notes,
		7.50%, 02/15/22	B3	1,583
550		HCA, Inc., Senior Secured Notes,
		8.50%, 04/15/19	Ba3	607
950		Health Management Associates, Inc., Senior Notes,
		7.375%, 01/15/20	B3	1,040
375		Hologic, Inc., Senior Notes,
		6.25%, 08/01/20	B2	399
825		Iasis Healthcare Capital
		8.375%, 05/15/19	Caa1	868
425		Inventive Health Inc., Senior Notes,
		10.75%, 08/15/18 (g)	Caa2	370
600		Inventive Health Inc., Senior Notes,
		11%, 08/15/18 (g)	Caa2	522
525		Kindred Healthcare, Inc., Senior Notes,
		8.25%, 06/01/19	B3	526
550		Kinetic Concepts, Inc., Senior Notes,
		10.50%, 11/01/18	B3	597
275		Kinetic Concepts, Inc., Senior Notes,
		12.50%, 11/01/19	Caa1	272
250		LifePoint Hospitals, Inc., Senior Notes,
		6.625%, 10/01/20	Ba1	272
475		MedAssets, Inc., Senior Notes,
		8%, 11/15/18	B3	518
900		Multiplan, Inc., Senior Notes,
		9.875%, 09/01/18 (g)	Caa1	999
300		Sky Growth Holdings Corporation, Senior Notes,
		7.375%, 10/15/20 (g)	Caa1	317
500		Tenet Healthcare Corporation, Senior Notes,
		4.50%, 04/01/21 (g)	Ba3	491
50		Tenet Healthcare Corporation, Senior Notes,
		8.875%, 07/01/19	Ba3	56
175		Universal Health Services, Inc., Senior Notes,
		7%, 10/01/18	B1	189
325		Universal Hospital Services, Inc., Senior Notes,
		7.625%, 08/15/20	B3	351
275		Universal Hospital Services, Inc., Senior Notes,
		7.625%, 08/15/20 (g)	B3	297
550		Valeant Pharmaceuticals International, Senior Notes,
		6.375%, 10/15/20 (g)	B1	580

$	150	Valeant Pharmaceuticals International, Senior Notes,
		6.375%, 10/15/20 (g)	B1	$	158
500		Vanguard Health Holding Company II, LLC, Senior Notes,
		7.75%, 02/01/19	B3	535
100		Voyage Care BondCo, plc, Senior Notes,
		6.50%, 08/01/18 (g)(GBP)	B2	155
				18,347
Hotels, Motels, Inns and Gaming - 4.24%
375		Boyd Acquisition Sub, LLC, Senior Notes,
		8.375%, 02/15/18 (g)	Caa1	396
650		Boyd Gaming Corporation, Senior Notes,
		9%, 07/01/20 (g)	B3	676
150		Caesar’s Entertainment Operating Company, Inc., Senior Notes,
		5.625%, 06/01/15	Caa3	138
225		Caesar’s Entertainment Operating Company, Inc., Senior Notes,
		9%, 02/15/20 (g)	B2	227
150		Caesar’s Entertainment Operating Company, Inc., Senior Notes,
		9%, 02/15/20 (g)	B2	152
275		Choice Hotels International, Inc., Senior Notes,
		5.75%, 07/01/22	Baa3	305
375		Cirsa Funding Luxembourg S.A., Senior Notes,
		8.75%, 05/15/18 (g)(EUR)	B3	469
400		City Center Holdings LLC, Senior Notes,
		10.75%, 01/15/17	Caa2	443
825		Graton Economic Development Authority, Senior Notes,
		9.625%, 09/01/19 (g)	B3	924
300		Great Canadian Gaming Corporation, Senior Subordinated Notes,
		6.625%, 07/25/22 (g)(CAD)	B1	308
1,775		MGM Resorts International, Senior Notes,
		6.625%, 12/15/21	B3	1,866
1,375		MGM Resorts International, Senior Notes,
		6.75%, 10/01/20 (g)	B3	1,459
325		Quapaw Downstream Development Authority, Senior Notes,
		10.50%, 07/01/19 (g)	B3	359
300		Ryman Hotel Properties L.P., Senior Notes,
		5%, 04/15/21 (g)	B1	300
400		Rivers Pittsburgh Borrower, L.P., Senior Notes,
		9.50%, 06/15/19 (g)	B3	436
450		Seminole Tribe of Florda, Senior Notes,
		7.75%, 10/01/17 (g)	Ba1	486
925		Seneca Gaming Corporation, Senior Notes,
		8.25%, 12/01/18 (g)	B2	985
725		Station Casinos LLC, Senior Notes,
		7.50%, 03/01/21 (g)	Caa1	747
				10,676
Insurance -.86%
250		Alliant Holdings I, LLC, Senior Notes,
		7.875%, 12/15/20 (g)	Caa2	254
450		Centene Corporation, Senior Notes,
		5.75%, 06/01/17	Ba2	484
475		CNO Financial Group Inc., Senior Notes,
		6.375%, 10/01/20 (g)	Ba3	500
475		Hub International Limited, Senior Notes,
		8.125%, 10/15/18 (g)	Caa2	498

$	425	Onex USI Acquisition Corporation, Senior Notes,
		7.75%, 01/15/21 (g)	Caa2	$	423
				2,159
Leisure, Amusement and Entertainment - 1.20%
525		Cedar Fair LP, Senior Notes,
		5.25%, 03/15/21 (g)	B1	523
525		Cedar Fair LP, Senior Notes,
		9.125%, 08/01/18	B1	588
334		Manchester United Finance plc, Senior Notes,
		8.375%, 02/01/17 (g)	(e)	365
250		NCL Corporation, Ltd., Senior Notes,
		5%, 02/15/18 (g)	B3	254
600		Royal Caribbean Cruises, Ltd., Senior Notes,
		5.25%, 11/15/22	Ba1	611
675		Six Flags Entertainment Corporation, Senior Notes,
		5.25%, 01/15/21 (g)	B3	675
				3,016
Mining, Steel, Iron and Non-Precious Metals - 6.54%
725		AK Steel Corporation, Senior Notes,
		7.625%, 05/15/20	B3	634
425		Aleris Senior Notes,
		7.875%, 11/01/20	B2	458
575		Alrosa Finance S.A., Senior Notes,
		7.75%, 11/03/20 (g)	Ba3	670
250		Arcelor Mittal, Senior Notes,
		5.75%, 08/05/20	Ba1	264
575		Arcelor Mittal, Senior Notes,
		6%, 03/01/21	Ba1	604
925		Arcelor Mittal, Senior Notes,
		6.125%, 06/01/18	Ba1	999
250		Arcelor Mittal, Senior Notes,
		6.75%, 02/25/22	Ba1	274
500		Arcelor Mittal, Senior Notes,
		10.35%, 06/01/19	Ba1	633
250		Consol Energy, Inc., Senior Notes,
		8%, 04/01/17	B1	269
525		Consol Energy, Inc., Senior Notes,
		8.25%, 04/01/20	B1	583
1,150		Eldorado Gold Corporation, Senior Notes,
		6.125%, 12/15/20 (g)	Ba3	1,197
525		Essar Steel Algoma Inc., Senior Notes,
		9.875%, 06/15/15 (g)	Caa2	427
1,225		FMG Resources Pty. Ltd., Senior Notes,
		7%, 11/01/15 (g)	B1	1,280
1,225		Foresight Energy LLC, Senior Notes,
		9.625%, 08/15/17 (g)	Caa1	1,325
700		JMC Steel Group, Inc., Senior Notes,
		8.25%, 03/15/18 (g)	B3	742
425		Novelis, Inc., Senior Notes,
		8.75%, 12/15/20	B2	479
625		Peabody Energy Corporation, Senior Notes,
		6%, 11/15/18	Ba1	666
175		Peabody Energy Corporation, Senior Notes,
		6.25%, 11/15/21	Ba1	182

$	1,225	Ryerson Inc., Senior Secured Notes,
		9%, 10/15/17 (g)	Caa2	$	1,344
1,650		Ryerson Inc., Senior Secured Notes,
		11.25%, 10/15/18 (g)	Caa3	1,712
775		Severstal Columbus LLC, Senior Notes,
		10.25%, 02/15/18	B3	837
325		Steel Dynamics, Senior Notes,
		6.125%, 08/15/19 (g)	Ba2	350
525		United States Steel Corporation, Senior Notes,
		6.875%, 04/01/21	B1	538
				16,467
Oil and Gas - 15.44%
525		AmeriGas Finance LLC, Senior Notes,
		7%, 05/20/22	Ba2	572
1,325		Antero Resources Finance Corporation, Senior Notes,
		6%, 12/01/20 (g)	B2	1,381
1,100		Antero Resources Finance Corporation, Senior Notes,
		7.25%, 08/01/19	B2	1,192
450		Berry Petroleum Company, Senior Notes,
		6.375%, 09/15/22	B1	478
825		Bill Barrett Corporation, Senior Notes,
		7%, 10/15/22	B1	863
1,275		Bill Barrett Corporation, Senior Notes,
		7.625%, 10/01/19	B1	1,359
550		Carrizo Oil and Gas, Inc., Senior Notes,
		7.50%, 09/15/20	B3	585
325		Chesapeake Energy Corp., Senior Notes,
		3.25%, 03/15/16	Ba3	329
350		Chesapeake Energy Corp., Senior Notes,
		5.375%, 06/15/21	Ba3	352
350		Chesapeake Energy Corp., Senior Notes,
		5.75%, 03/15/23	Ba3	355
325		Chesapeake Energy Corp., Senior Notes,
		6.625%, 11/15/19 (g)	Ba3	332
1,000		Clayton Williams Energy Company, Senior Notes,
		7.75%, 04/01/19	B3	1,015
50		Comstock Resources, Inc., Sernior Notes,
		7.75%, 04/01/19	B3	53
600		Concho Resources, Inc., Senior Notes,
		5.50%, 04/01/23	B1	622
300		Concho Resources, Inc., Senior Notes,
		7%, 01/15/21	B1	331
450		Continental Resources, Inc., Senior Notes,
		5%, 09/15/22	Ba2	478
325		Crosstex Energy L.P., Senior Notes,
		7.125%, 06/01/22 (g)	B2	343
225		Crosstex Energy L.P., Senior Notes,
		8.875%, 02/15/18	B2	243
625		DPL, Inc., Senior Notes,
		6.50%, 10/15/16	Ba1	657
800		DPL, Inc., Senior Notes,
		7.25%, 10/15/21	Ba1	847
800		El Paso Corporation, Senior Notes,
		7.75%, 01/15/32	Ba2	897
200		El Paso Corporation, Senior Notes,
		7.80%, 08/01/31	Ba2	223

$	350	EPL Oil and Gas, Inc., Senior Notes,
		8.25%, 02/15/18 (g)	Caa1	$	371
125		EPL Oil and Gas, Inc., Senior Notes,
		8.25%, 02/15/18	Caa1	132
425		Exterran Holdings, Inc., Senior Notes,
		6%, 04/01/21 (g)	B2	423
1,875		Ferrellgas, L.P., Senior Notes,
		6.50%, 05/01/21	B2	1,931
650		Frac Tech Services, Seniro Notes,
		8.125%, 11/15/18 (g)	Ba3	682
175		Global Geophysical Services, Senior Notes,
		10.50%, 05/01/17	Caa1	152
200		Inergy Midstream, L.P., Senior Notes,
		6%, 12/15/20 (g)	B1	208
350		Key Energy Services, Inc., Senior Notes,
		6.75%, 03/01/21	B1	365
600		Laredo Petroleum, Inc., Senior Notes,
		7.375%, 05/01/22 B3	B3	657
175		Laredo Petroleum, Inc., Senior Notes,
		9.50%, 02/15/19	B3	198
1,200		MarkWest Energy Partners, L.P., Senior Notes,
		4.50%, 07/15/23	Ba3	1,176
625		Newfield Exploration Company, Senior Subordinated Notes,
		5.75%, 01/30/22	Ba1	667
375		Offshore Group, Senior Notes,
		7.125%, 04/01/23 (g)	B3	383
220		Pacific Rubiales Energy Corporation, Senior Notes
		5.125%, 03/28/23 (g)	Ba2	222
775		Parker Drilling Company, Senior Notes,
		9.125%, 04/01/18	B1	845
775		PBF Holding Company LLC, Senior Notes,
		8.25%, 02/15/20 (g)	Ba3	853
1,225		PDC Energy, Senior Notes,
		7.75%, 10/15/22 (g)	B3	1,303
725		Penn Virginia Corporation, Senior Notes,
		8.375%, 06/01/20	B2	765
800		Penn Virginia Resources Partners, L.P., Senior Notes,
		8.25%, 04/15/18	B2	848
875		Petroleum Geo Services ASA, Senior Notes,
		7.375%, 12/15/18 (g)	Ba2	958
1,600		QEP Resources, Inc., Senior Notes,
		5.25%, 05/01/23	Ba1	1,640
700		Range Resources Corporaiton, Senior Subordinated Notes,
		5%, 03/15/23 (g)	Ba3	712
350		Regency Energy Partners, L.P., Senior Notes,
		5.50%, 04/15/23	B1	374
450		Regency Energy Partners, L.P., Senior Notes,
		6.875%, 12/01/18	B1	492
625		Rockies Express Pipeline LLC, Senior Notes,
		6%, 01/15/19 (g)	Ba2	611
50		Rockies Express Pipeline LLC, Senior Notes,
		6.85%, 07/15/18 (g)	Ba2	51
275		Sandridge Energy, Inc., Senior Notes,
		7.50%, 03/15/21	B2	287
300		Sandridge Energy, Inc., Senior Notes,
		7.50%, 02/15/23	B2	312
575		SESI LLC, Senior Notes,
		6.375%, 05/01/19	Ba2	618

$	500	SESI LLC, Senior Notes,
		7.125%, 12/15/21	Ba2	$	558
325		SM Energy Company, Senior Notes,
		6.50%, 11/15/21	B1	357
575		SM Energy Company, Senior Notes,
		6.50%, 01/01/23	B1	633
225		SM Energy Company, Senior Notes,
		6.625%, 02/15/19	B1	241
125		Suburban Propane Partners, L.P., Senior Notes,
		7.375%, 03/15/20	Ba3	135
200		Suburban Propane Partners, L.P., Senior Notes,
		7.375%, 08/01/21	Ba3	221
825		Swift Energy Company, Senior Notes,
		7.875%, 03/01/22	B3	862
275		Swift Energy Company, Senior Notes,
		7.875%, 03/01/22 (g)	B3	287
650		Swift Energy Company, Senior Notes,
		8.875%, 01/15/20	B3	701
650		Targa Resources Partners L.P., Senior Notes,
		6.375%, 08/01/22	Ba3	710
475		Tervita Corporation, Senior Notes,
		8%, 11/15/18 (g)	B2	491
575		Tervita Corporation, Senior Notes,
		9.75%, 11/01/19 (g)	Caa2	566
475		Western Refining, Inc., Senior Notes,
		6.25%, 04/01/21 (g)	B2	483
875		WPX Energy, Inc., Senior Notes,
		6%, 01/15/22	Ba1	919
				38,907
Personal, Food and Miscellaneous Services - 1.31%
400		Central Garden & Pet Company, Senior Subordinated
		Notes, 8.25%, 03/01/18	B2	412
514		CKE Restaurants, Senior Notes,
		11.375%, 07/15/18	B2	595
450		Fiesta Restaurant Group, Senior Notes,
		8.875%, 08/15/16	B2	488
950		Laureate Education, Senior Notes,
		9.25%, 09/01/19 (g)	Caa1	1054
125		Realogy Corporation, Senior Notes,
		9%, 01/15/20 (g)	Caa1	145
575		Wok Acquisition Corporation, Senior Notes,
		10.25%, 06/30/20 (g)	Caa1	615
				3,309
Personal Non-Durable Consumer Products - .64%
160		Avon Products, Inc., Senior Notes
		4.60%, 03/15/20	Baa2	166
195		Avon Products, Inc., Senior Notes
		5%, 03/15/23	Baa2	200
375		Mead Products, Senior Notes,
		6.75%, 04/30/20 (g)	B1	398
225		Spectrum Brands Escrow, Senior Notes,
		6.375%, 11/15/20 (g)	B3	242
200		Spectrum Brands Escrow, Senior Notes,
		6.625%, 11/15/22 (g)	B3	217
400		Sun Products Corporation, Senior Notes,

		7.75%, 03/15/21 (g)	Caa1	$	403
				1,626
Personal Transportation - .93%
$	135	American Airlines, Senior Notes,
		4%, 07/15/25 (g)	(e)	135
140		American Airlines, Senior Notes,
		5.625%, 01/15/21 (g)	(e)	142
1,300		Continental Airlines, Inc., Senior Notes,
		6.75%, 09/15/15 (g)	Ba2	1,362
175		Continental Airlines, Inc., Senior Notes,
		7.25%, 05/10/21.	Baa2	205
109		Continental Airlines, Inc., Senior Notes,
		9.25%, 11/10/18	Ba2	122
150		Northwest Airlines
		7.575%, 09/01/20	(e)	162
145		US Airways, Inc., Senior Notes,
		4.625%, 12/03/26	Ba1	151
65		US Airways, Inc., Senior Notes,
		6.75%, 12/03/22	B1	69
				2,348
Printing and Publishing - .40%
500		McGraw Hill Global, Senior Notes,
		9.75%, 04/01/21 (g)	B2	497
500		Trader Corporation, Senior Notes,
		9.875%, 08/15/18 (g)	B3	504
				1,001
Retail Stores - 4.27%
1,125		Academy, Ltd., Senior Notes
		9.25%, 08/01/19 (g)	Caa1	1,268
250		Best Buy Company, Inc., Senior Notes,
		3.75%, 03/15/16	Baa2	250
525		CDR DB Sub, Inc., Senior Notes,
		7.75%, 10/15/20 (g)	Caa2	539
975		Claire’s Escrow Corporation, Senior Notes,
		9%, 03/15/19 (g)	B2	1,102
250		Claire’s Stores, Inc., Senior Notes,
		6.125%, 03/15/20 (g)	B2	255
309		Claire’s Stores, Inc., Senior Notes,
		9.625%, 06/01/15	Caa2	312
500		Jo-Ann Stores Holdings Inc., Senior Notes,
		8.125%, 03/15/19 (g)	Caa1	523
625		Jo-Ann Stores Holdings Inc., Senior Notes,
		9.75%, 10/15/19 (g)	Caa1	655
550		New Academy Finance Company LLC
		8%, 06/15/18 (g)	Caa1	569
400		99 Cents Only Stores, Senior Notes,
		11%, 12/15/19	Caa1	459
700		Party City Holdings, Inc., Senior Notes,
		8.875%, 08/01/20 (g)	Caa1	767
325		JC Penney Corporation, Senior Notes,
		7.65%, 08/15/16	Caa1	307
400		Penske Automotive Group, Inc., Senior Subordinated Notes,

		5.75%, 10/01/22 (g)	B2	$	417
$	250	QVC, Inc., Senior Notes,
		7.50%, 10/01/19 (g)	Ba2	277
675		Radio Shack Corporation, Senior Notes
		6.75%, 05/15/19	Caa2	489
650		Rite Aid Corporation, Senior Notes,
		7.70%, 02/15/27	Caa2	634
1,725		Rite Aid Corporation, Senior Notes,
		9.25%, 03/15/20	Caa2	1,945
				10,768
Telecommunications - 12.67%
250		Arqiva Broadcast Finance Plc, Senior Notes,
		9.50%, 03/31/20 (g)(GBP)	B3	393
475		Century Link, Inc., Senior Notes,
		5.625%, 04/01/20	Ba2	488
425		Clearwire Communications LLC, Senior Notes,
		12%, 12/01/17 (g)	Caa3	499
825		Cricket Communications, Inc., Senior Notes,
		7.75%, 10/15/20	Caa1	825
950		Crown Castle International Corporation, Senior Notes,
		5.25%, 01/15/23	B1	967
625		Digicel Limited, Senior Notes,
		6%, 04/15/21 (g)	B1	622
400		Digicel Limited, Senior Notes,
		8.25%, 09/30/20 (g)	Caa1	427
450		Digicel Limited, Senior Notes,
		10.50%, 04/15/18 (g)	Caa1	500
325		Earthlink Inc., Senior Notes,
		8.875%, 05/15/19	B3	329
600		Equinix, Inc., Senior Notes,
		5.375%, 04/01/23	Ba3	608
1,000		Equinix, Inc., Senior Notes,
		7%, 07/15/21	Ba3	1,107
300		GCI, Inc., Senior Notes,
		6.75%, 06/01/21	B2	281
775		Hughes Satellite Systems, Inc., Senior Notes,
		6.50%, 06/15/19	Ba3	851
775		Hughes Satellite Systems, Inc., Senior Notes,
		7.625%, 06/15/21	B3	887
775		Intelsat Jackson Holdings Ltd., Senior Notes,
		7.25%, 10/15/20	B3	853
200		Intelsat (Luxembourg) S.A., Senior Notes,
		6.75%, 06/01/18 (g)	Caa3	206
725		Intelsat (Luxembourg) S.A., Senior Notes,
		7.75%, 6/01/21 (g)	Caa3	737
350		Intelsat (Luxembourg) S.A., Senior Notes,
		8.125%, 06/01/23 (g)	Caa3	355
975		Intelsat (Luxembourg) S.A., Senior Notes,
		11.25%, 02/04/17	Caa3	1,037
200		Level 3 Communications, Inc., Senior Notes,
		8.875%, 06/01/19 (g)	Caa2	218
1,000		Level 3 Communications, Inc., Senior Notes,
		11.875%, 02/01/19	Caa2	1,173
650		Level 3 Financing, Inc., Senior Notes,
		8.625%, 07/15/20	B3	728
400		Level 3 Financing, Inc., Senior Notes,

		9.375%, 04/01/19	B3	$	449
$	675	Matterhorn Mobile S.A., Senior Notes,
		7.75%, 02/15/20 (g)(EUR)	Caa1	885
825		MetroPCS Wireless, Senior Notes,
		6.25%, 04/01/21 (g)	B1	841
1,025		NII Capital Corporation, Senior Notes,
		7.625, 04/01/21	Caa1	738
475		NII Capital Corporation, Senior Notes,
		8.875%, 12/15/19	Caa1	363
525		NII Capital Corporation, Senior Notes,
		10%, 08/15/16	Caa1	476
425		Sable International Finance Limited, Senior Notes,
		7.75%, 02/15/17 (g)	Ba2	455
200		Sable International Finance Limited, Senior Notes,
		8.75%, 02/01/20 (g)	Ba2	228
471		SBA Telecommunications, Inc., Senior Notes,
		8.25%, 08/15/19	B1	520
2,000		Sprint Capital Corporation, Senior Notes,
		6.875%, 11/15/28	B3	2,045
600		Sprint Capital Corporation, Senior Notes,
		8.75%, 03/15/32	B3	715
800		Sprint Nextel Corporation, Senior Notes,
		6%, 11/15/22	B3	821
2,225		Sprint Nextel Corporation, Senior Notes,
		9%, 11/15/18 (g)	Ba3	2,751
825		Sprint Nextel Corporation, Senior Notes,
		9.125%, 03/01/17	B3	976
475		Sprint Nextel Corporation, Senior Notes,
		11.50%, 11/15/21	B3	665
325		TW Telecom Holdings, Inc., Senior Notes,
		5.375%, 10/01/22	B1	339
375		ViaSat, Inc., Senior Notes,
		6.875%, 06/15/20	B1	401
305		Vimpelcom Holdings, Senior Notes,
		5.20%, 02/13/19 (g)	Ba3	307
550		Vimpelcom Holdings, Senior Notes,
		7.504%, 03/01/22 (g)	Ba3	613
300		Vimpelcom Holdings, Senior Notes,
		7.748%, 02/02/21 (g)	Ba3	338
500		Wind Acquistion Holdings Finance S.A., Senior Notes,
		7.25%, 02/15/18 (g)	Ba3	521
325		Wind Acquistion Holdings Finance S.A., Senior Notes,
		7.25%, 02/15/18 (g)	Ba3	337
1,450		Wind Acquistion Holdings Finance S.A., Senior Notes,
		11.75%, 07/15/17 (g)	B3	1,539
450		Windstream Corporation, Senior Notes,
		7.875%, 11/01/17	Ba3	514
				31,928
Textiles and Leather - .79%
750		Hanesbrands, Inc., Senior Notes,
		6.375%, 12/15/20	Ba3	817
275		Levi Strauss & Co., Senior Notes,
		6.875%, 05/01/22	B1	301
200		Levi Strauss & Co., Senior Notes,
		7.625%, 05/15/20	B1	220
450		PVH Corporation, Senior Notes,

		4.50%, 12/15/22	Ba3	$	444
$	200	Wolverine World Wide, Inc., Senior Notes,
		6.125%, 10/15/20 (g)	B2	212
				1,994
Utilities - 2.58%
900		Calpine Corporation, Senior Notes,
		7.50%, 02/15/21 (g)	B1	988
1,175		GenOn Escrow Corporation, Senior Notes,
		7.875%, 06/15/17	B3	1,315
1,750		GenOn Escrow Corporation, Senior Notes,
		9.50%, 10/15/18	B3	2,067
375		Infinis Plc, Senior Notes,
		7%, 02/15/19 (g)(GBP)	Ba3	570
550		NRG Energy, Inc., Senior Notes,
		6.625%, 03/15/23 (g)	B1	582
700		Sabine Pass LNG, L.P., Senior Notes,
		6.50%, 11/01/20 (g)	B1	733
225		Sabine Pass LNG, L.P., Senior Notes,
		7.50%, 11/30/16	B1	248
				6,503
		Total Corporate Debt Securities (Total cost of $313,834)		330,543

CONVERTIBLE DEBT SECURITIES - .14% (d)
Retail Stores - .14%
350		Radio Shack Corporation, Senior Notes
		2.50%, 08/01/13 (g)	Caa1	342

		Total Convertible Debt Securities (Total cost of $328)		342

Shares
PREFERRED STOCK - .89% (d)
Automobile - .30%
17,400	General Motors Company,
	Convertible, 4.75%	(e)	747

Broadcasting and Entertainment - .15%
495	Spanish Broadcasting System, Inc.,
	10.75% (a)	Caa3	381

Containers, Packaging and Glass - 0%
1,975	Smurfit-Stone Container Corporation,
	7%, (c)(f) ESC	(e)	—

Finance - .44%
1,125	Ally Financial, Inc., 7% (g)	B3	1,113

	Total Preferred Stock (Total cost of $2,129)		2,241

Principal
Amount
SHORT-TERM INVESTMENTS - .84% (d)
$	2,130	Jupiter Securitization Company LLC,
		Commercial Paper,
		Due 04/01/13
		Discount of .15% (g)	P-1	$	2,130

		Total Short-Term Investments (Total cost of $2,130)		2,130

		TOTAL INVESTMENTS (Total cost of $318,421)		$	335,256

(a) Denotes income is not being accrued and/or issuer is in bankruptcy proceedings.

(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 March 31, 2013 was $0.

(d) Percentages indicated are based on total net assets to common shareholders of $251,944.

(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 1of the Note to Schedule of Investments for valuation policy. Total market value of Rule 144A securities amounted to $156,895 as of March 31, 2013.

(h) Pay-In-Kind

(CAD) Canadian Dollar

(EUR) Euro

(GBP) British Pound

ESC Escrow Cusip. Represents a beneficial interest to account for possible future payments by the company. Interest rate and maturity date are those of the original security.

Forward Currency Exchange Contracts - (Unaudited) (Amounts in Thousands) As of March 31, 2013 the Fund had forward currency exchange contracts outstanding as follows:

						Unrealized
	Settlement					Appreciation
Counterparty	Date	Receive		Deliver		(Depreciation)

Citibank	4/10/13	USD	306	GBP	191	$	16

JPMorgan Chase	4/10/13	USD	159	GBP	100	6

HSBC	4/10/13	USD	582	GBP	375	13

State Street Bank	4/10/13	USD	369	GBP	244	(1		)

Deutsche Bank	6/12/13	USD	15,267	EUR	11,646	331

State Street Bank	6/12/13	EUR	59	USD	77	(1		)

JPMorgan Chase	6/12/13	EUR	325	USD	419	(2		)

Net unrealized gain on open forward currency exchange contracts						$	362

The New America High Income Fund, Inc.

Note 1 to Schedule of Investments

March 31, 2013 (Unaudited)

(1) 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.

The Fund’s financial statements have been prepared in conformity with accounting principles generally accepted in the United States for investment companies that require the management of the Fund to, among other things, make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

The following is a summary of significant accounting policies consistently followed by the Fund, which are in conformity with those generally accepted in the investment company industry.

(a) Valuation of Investments—Investments 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. 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 market value. Following procedures approved by the Board of Directors, investments for which market quotations are not yet 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 are valued in good faith at fair market value using methods approved by the Board of Directors. Fair value measurement is further discussed in section (e) of this footnote.

(b) 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. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U. S. dollar amounts on the respective dates of such transactions.

The Fund does not isolate that portion of the results of operations resulting from changes in foreign

The New America High Income Fund, Inc.

Note 1 to Schedule of Investments

March 31, 2013 (Unaudited)

exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss from investments.

Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transaction, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

(c) Foreign Currency Forward Exchange Contracts—The Fund may enter into foreign currency forward exchange contracts primarily to hedge against foreign currency exchange rate risks on its non-U.S. dollar denominated investment securities. 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. The Fund’s net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date, is included in the statement of assets and liabilities. Realized and unrealized gains and losses are included in the statement of operations. These instruments involve market risk, credit risk or both kinds of risks, in excess of the amount recognized in the statement of assets and liabilities. Risks arise from the possible inability of counterparties to meet the terms of their contracts and from movement in currency and securities values and interest rates.

(d) Securities Transactions and Net Investment Income—Securities transactions are recorded on trade date. Realized gains or losses on sales of securities are calculated on the identified cost basis. 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.

(e) 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.

The New America High Income Fund, Inc.

Note 1 to Schedule of Investments

March 31, 2013 (Unaudited)

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, 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.

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 March 31, 2013 in valuing the Fund’s investments:

	Level 1		Level 2		Level 3		Total Value
	Quoted Prices (000’s)		Significant Observable Inputs (000’s)		Significant Unobservable Inputs (000’s)		(000’s)
Investments
Debt Securities*	$	—	$	330,885	$	—	$	330,885

Preferred Stock
Automobile	747		—		—		747
Broadcasting and Entertainment	—		381		—		381
Containers, Packaging and Glass	—		—		—		—
Finance	—		1,113		—		1,113
Utilities	—		—		—		—

The New America High Income Fund, Inc.

Note 1 to Schedule of Investments

March 31, 2013 (Unaudited)

	Level 1		Level 2		Level 3		Total Value
	Quoted Prices (000’s)		Significant Observable Inputs (000’s)		Significant Unobservable Inputs (000’s)		(000’s)

Short-Term Investments	—		2,130		—		2,130
Total Investments	$	747	$	334,509	$	—	$	335,256
Forward Currency Exchange Contracts	$	—	$	362	$	—	$	362

* Debt Securities — All are level 2. Type of debt and industries are shown on the Schedule of Investments.

The Fund owns one Level 3 security with a value of zero at March 31, 2013. The value was determined by the Valuation Committee of the Fund’s investment advisor, T. Rowe Price, under procedures approved by the Board of Directors. The techniques used to arrive at this valuation have taken into account litigation involving the security with no settlement expected for the foreseeable future. The security is not trading and there is no guarantee that holders will receive any distribution. The security will continue to be valued at zero until trading commences, the occurrence of company-specific or industry events, or other market factors suggest the value should be changed.

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

	Equity Securities
Balance, December 31, 2012	$	—
Net purchases (sales)	—
Change in unrealized appreciation (depreciation)	—
Realized gain (loss)	—
Transfers to Level 3 from Level 2	—
Balance, March 31, 2013	$	—

Level 1 and Level 2 assets are evaluated on a quarterly basis for changes in listings or delistings on national exchanges.

Transfers between levels are recognized at the value at the end of the reporting period. During the three months ended March 31, 2013, the Fund recognized no transfers to Level 1 from Level 2.

Item 2.

(a) The registrant’s President and Treasurer have concluded that the registrant’s 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 registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s 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/ Ellen E. Terry
			Ellen E. Terry
			President

Date	May 28, 2013

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/ Ellen E. Terry
		Ellen E. Terry
		President

Date	May 28, 2013


By (Signature and Title)		/s/ Ellen E. Terry
		Ellen E. Terry
		Treasurer

Date	May 28, 2013