Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 26, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of July 31, 2014.
Alliance New York Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Port Authority of New York & New Jersey 5.00%, 10/01/34 |
4.80% |
2) New York State Dormitory Authority 5.75%, Series 04 8/01/14 (Prerefunded/ETM) |
4.41% |
3) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30 |
4.18% |
4) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.08% |
5) New York State Thruway Authority (New York State Thruway Authority Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.96% |
6) New York State Dormitory Authority (New York State Dormitory Authority Lease) Series 2013A 5.25%, 7/01/30 |
3.05% |
7) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
3.02% |
8) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.98% |
9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) 5.00%, 7/15/31 |
2.81% |
10) New York State Dormitory Authority (State University of New York) Series 2011A 5.00%, 7/01/31 |
2.73% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
11.53% |
Toll Roads/Transit |
7.98% |
Health Care - Not-for-Profit |
6.58% |
Higher Education - Private |
5.57% |
Electric Utility |
5.50% |
Revenue - Miscellaneous |
5.12% |
Airport |
4.80% |
Senior Living |
3.62% |
Higher Education - Public |
2.73% |
Industrial Development - Utility |
0.20% |
SUBTOTAL |
53.63% |
Tax Supported |
|
Special Tax |
23.96% |
Tax-Supported State Lease |
5.08% |
State G.O. |
2.76% |
Local G.O. |
2.42% |
Tax-Supported Local Lease |
1.99% |
Assessment District |
0.38% |
SUBTOTAL |
36.59% |
Prerefunded/ETM |
5.04% |
Note/VRDBs |
|
Money Market |
1.94% |
SUBTOTAL |
1.94% |
Asset-Backed |
|
Housing - Multi-Family |
1.85% |
SUBTOTAL |
1.85% |
Cash Equivalents |
|
Investment Companies |
0.95% |
SUBTOTAL |
0.95% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
84.78% |
Idaho |
2.81% |
Pennsylvania |
2.58% |
Louisiana |
2.31% |
New Mexico |
2.06% |
Texas |
2.04% |
Wisconsin |
1.31% |
Illinois |
0.40% |
Colorado |
0.38% |
Ohio |
0.20% |
California |
0.18% |
Other |
0.95% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
17.78% |
AA |
59.58% |
A |
9.31% |
BBB |
3.83% |
BB |
0.35% |
Not Rated |
1.22% |
Pre-refunded Bonds |
5.04% |
Short Term Investments |
2.89% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
7.31% |
1 to 5 years |
8.26% |
5 to 10 years |
8.15% |
10 to 20 years |
67.09% |
20 to 30 years |
9.19% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.74% |
Average Coupon: |
5.22% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
38.05% |
Tender Option Bonds: |
3.92% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
41.97%* |
Average Effective Maturity: |
6.41 Years |
Effective Duration: |
5.53 Years |
Total Net Assets: |
$109.56 Million** |
Common Stock Net Asset Value: |
$14.22 |
Number of Holdings: |
70 |
Portfolio Turnover: |
35% |
* The total percentage of leverage constitutes 3.92% through the use |
|
of tender option bonds, 38.05% in issued and outstanding preferred |
|
stock and 0.00% in investment operations, which may include the use |
|
of certain portfolio management techniques such as credit default |
|
swaps, dollar rolls, negative cash, reverse repurchase agreements and |
|
when-issued securities. |
|
** Includes 40,800,000 of preferred stock at liquidation value. |
|
The foregoing portfolio characteristics are as of the date indicated |
|
and can be expected to change. The Fund is a closed-end U.S.- |
|
registered management investment company advised by AllianceBernstein |
|
L. P. |
SOURCE Alliance New York Municipal Income Fund, Inc.
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