The New American High Income Fund Inc (HYB) is a mutual fund that focuses on generating high income for its investors. It invests in a diverse range of fixed income securities, including corporate bonds, government bonds, and mortgage-backed securities. The fund aims to provide a steady stream of income while also seeking capital appreciation. With a focus on high-yield investments, the New American High Income Fund Inc offers investors the potential for attractive returns, but also carries a higher level of risk. Overall, this fund is suitable for investors seeking income and willing to take on some level of risk in their portfolio.