Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 3, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of August 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 |
4.74% |
2) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30 |
4.12% |
3) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.05% |
4) New York State Thruway Authority (New York State Thruway Authority Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.89% |
5) New York State Dormitory Authority (New York State Dormitory Authority Lease) Series 2013A 5.25%, 7/01/30 |
2.99% |
6) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
2.96% |
7) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.89% |
8) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) 5.00%, 7/15/31 |
2.77% |
9) New York State Dormitory Authority (State University of New York) Series 2011A 5.00%, 7/01/31 |
2.67% |
10) New York City Water & Sewer System 5.00%, 6/15/26 |
2.55% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
11.26% |
Toll Roads/Transit |
7.87% |
Health Care - Not-for-Profit |
6.43% |
Airport |
6.27% |
Higher Education - Private |
5.44% |
Electric Utility |
5.40% |
Revenue - Miscellaneous |
5.04% |
Senior Living |
3.52% |
Higher Education - Public |
2.67% |
Industrial Development - Utility |
0.21% |
SUBTOTAL |
54.11% |
Tax Supported |
|
Special Tax |
23.48% |
Tax-Supported State Lease |
4.99% |
State G.O. |
2.68% |
Local G.O. |
2.36% |
Tax-Supported Local Lease |
1.97% |
Assessment District |
0.37% |
SUBTOTAL |
35.85% |
Cash Equivalents |
|
Investment Companies |
4.57% |
SUBTOTAL |
4.57% |
Asset-Backed |
|
Housing - Multi-Family |
2.99% |
SUBTOTAL |
2.99% |
Note/VRDBs |
|
Money Market |
1.88% |
SUBTOTAL |
1.88% |
Prerefunded/ETM |
0.60% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
81.48% |
Idaho |
2.77% |
Pennsylvania |
2.51% |
Louisiana |
2.25% |
Texas |
2.01% |
New Mexico |
2.00% |
Wisconsin |
1.27% |
Illinois |
0.39% |
Colorado |
0.37% |
Ohio |
0.21% |
California |
0.17% |
Other |
4.57% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
17.38% |
AA |
59.65% |
A |
10.66% |
BBB |
3.73% |
BB |
0.34% |
Not Rated |
1.20% |
Pre-refunded Bonds |
0.60% |
Short Term Investments |
6.44% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
6.44% |
1 to 5 years |
8.97% |
5 to 10 years |
7.98% |
10 to 20 years |
66.37% |
20 to 30 years |
10.24% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.83% |
Average Coupon: |
5.04% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
2.85% |
Preferred Stock: |
36.59% |
Tender Option Bonds: |
3.77% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
43.21%* |
Average Maturity: |
6.64 Years |
Effective Duration: |
5.72 Years |
Total Net Assets: |
$111.07 Million** |
Common Stock Net Asset Value: |
$14.53 |
Number of Holdings: |
71 |
Portfolio Turnover: |
35% |
* The total percentage of leverage constitutes 3.77% through the use of tender option bonds, 36.59% in issued and outstanding preferred stock and 2.85% 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article