Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 26, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of November 30, 2014.
Alliance New York Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Port Authority of New York & New Jersey Series 2012 5.00%, 10/01/34 |
4.86% |
2) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30 |
4.25% |
3) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.18% |
4) New York State Thruway Authority (New York State Thruway Authority Ded Tax) Series 2011A 5.00%, 4/01/31 |
4.03% |
5) New York State Dormitory Authority (New York State Dormitory Authority Lease) Series 2013A 5.25%, 7/01/30 |
3.12% |
6) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
3.06% |
7) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.95% |
8) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) Series 2014 5.00%, 7/15/31 |
2.86% |
9) New York State Dormitory Authority (State University of New York) Series 2011A 5.00%, 7/01/31 |
2.77% |
10) New York City Water & Sewer System Series 2011HH 5.00%, 6/15/26 |
2.65% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
10.33% |
Health Care - Not-for-Profit |
9.44% |
Toll Roads/Transit |
8.10% |
Higher Education - Private |
7.03% |
Airport |
6.43% |
Electric Utility |
5.55% |
Revenue - Miscellaneous |
5.22% |
Higher Education - Public |
4.01% |
Senior Living |
3.67% |
Industrial Development - Utility |
0.22% |
SUBTOTAL |
60.00% |
Tax Supported |
|
Special Tax |
23.14% |
Tax-Supported State Lease |
5.18% |
State G.O. |
2.74% |
Local G.O. |
2.08% |
Assessment District |
0.43% |
SUBTOTAL |
33.57% |
Asset-Backed |
|
Housing - Multi-Family |
3.89% |
SUBTOTAL |
3.89% |
Note/VRDBs |
|
Money Market |
1.93% |
SUBTOTAL |
1.93% |
Prerefunded/ETM |
0.61% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
87.93% |
Idaho |
2.86% |
Pennsylvania |
2.56% |
Louisiana |
2.30% |
Texas |
2.07% |
New Mexico |
1.03% |
Colorado |
0.43% |
Illinois |
0.42% |
Ohio |
0.22% |
California |
0.18% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
16.82% |
AA |
60.86% |
A |
11.05% |
BBB |
6.31% |
BB |
1.09% |
Not Rated |
1.33% |
Pre-refunded Bonds |
0.61% |
Short Term Investments |
1.93% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
1.93% |
1 to 5 years |
8.16% |
5 to 10 years |
6.53% |
10 to 20 years |
75.55% |
20 to 30 years |
7.83% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
9.26% |
Average Coupon: |
5.20% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
37.34% |
Tender Option Bonds: |
3.84% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
41.18%* |
Average Effective Maturity: |
6.74 Years |
Effective Duration: |
5.80 Years |
Total Net Assets: |
$111.40 Million** |
Common Stock Net Asset Value: |
$14.60 |
Number of Holdings: |
71 |
Portfolio Turnover: |
35% |
* The total percentage of leverage constitutes 3.84% through the use |
|
of tender option bonds, 37.34% 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. |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-new-york-municipal-income-fund-releases-monthly-portfolio-update-300014063.html
SOURCE Alliance New York Municipal Income Fund, Inc.
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