Alliance New York Municipal Income Fund RELEASES MONTHLY PORTFOLIO UPDATE
NEW YORK, Oct. 27, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.[NYSE: AYN] (the "Fund") today released its monthly portfolio update as of September 30, 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 |
4.82% |
| 2) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30 |
4.18% |
| 3) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.12% |
| 4) New York State Thruway Authority (New York State Thruway Authority Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.97% |
| 5) New York State Dormitory Authority (New York State Dormitory Authority Lease) Series 2013A 5.25%, 7/01/30 |
3.07% |
| 6) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
3.04% |
| 7) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.94% |
| 8) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) Series 2014 5.00%, 7/15/31 |
2.81% |
| 9) New York State Dormitory Authority (State University of New York) Series 2011A 5.00%, 7/01/31 |
2.72% |
| 10) New York City Water & Sewer System Series 2011HH 5.00%, 6/15/26 |
2.60% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Water & Sewer |
11.46% |
| Health Care - Not-for-Profit |
8.54% |
| Toll Roads/Transit |
8.01% |
| Airport |
6.39% |
| Higher Education - Private |
5.54% |
| Electric Utility |
5.48% |
| Revenue - Miscellaneous |
5.13% |
| Higher Education - Public |
3.95% |
| Senior Living |
3.62% |
| Industrial Development - Utility |
0.22% |
| SUBTOTAL |
58.34% |
| Tax Supported |
|
| Special Tax |
23.91% |
| Tax-Supported State Lease |
5.11% |
| State G.O. |
2.72% |
| Local G.O. |
2.41% |
| Assessment District |
0.38% |
| SUBTOTAL |
34.53% |
| Asset-Backed |
|
| Housing - Multi-Family |
3.83% |
| SUBTOTAL |
3.83% |
| Note/VRDBs |
|
| Money Market |
1.92% |
| SUBTOTAL |
1.92% |
| Cash Equivalents |
|
| Investment Companies |
0.77% |
| SUBTOTAL |
0.77% |
| Prerefunded/ETM |
0.61% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| New York |
85.04% |
| Idaho |
2.81% |
| Pennsylvania |
2.55% |
| Louisiana |
2.29% |
| New Mexico |
2.04% |
| Texas |
2.04% |
| Wisconsin |
1.29% |
| Illinois |
0.40% |
| Colorado |
0.38% |
| Ohio |
0.22% |
| California |
0.17% |
| Other |
0.77% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
17.70% |
| AA |
60.74% |
| A |
11.84% |
| BBB |
4.82% |
| BB |
0.35% |
| Not Rated |
1.25% |
| Pre-refunded Bonds |
0.61% |
| Short Term Investments |
2.69% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
2.69% |
| 1 to 5 years |
9.13% |
| 5 to 10 years |
8.10% |
| 10 to 20 years |
69.65% |
| 20 to 30 years |
10.43% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
9.00% |
| Average Coupon: |
5.21% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
1.01% |
| Preferred Stock: |
36.95% |
| Tender Option Bonds: |
3.80% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.76%* |
| Average Effective Maturity: |
6.76 Years |
| Effective Duration: |
5.83 Years |
| Total Net Assets: |
$110.90 Million** |
| Common Stock Net Asset Value: |
$14.49 |
| Number of Holdings: |
73 |
| Portfolio Turnover: |
35% |
* The total percentage of leverage constitutes 3.80% through the use of tender option bonds, 36.95% in issued and outstanding preferred stock and 1.01% 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-785733274.html
SOURCE Alliance New York Municipal Income Fund, Inc.
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