Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 27, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of July 31, 2013.
Alliance New York Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) Port Authority of NY & NJ 5.00%, 10/01/27 |
4.88% |
2) New York St Dormitory Auth NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM) |
4.86% |
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.10% |
4) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
4.08% |
5) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 |
3.70% |
6) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28 |
3.69% |
7) New York St Envrn Fac Corp. 5.00%, 8/15/24 |
3.17% |
8) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27 |
3.09% |
9) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
3.04% |
10) New York St Thruway Auth (New York St Pers Income Tax) Series 2011A 5.00%, 3/15/26 |
3.03% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Tax Supported |
|
Special Tax |
32.70% |
Local G.O. |
9.55% |
Tax-Supported State Lease |
5.71% |
State G.O. |
1.66% |
Assessment District |
0.43% |
SUBTOTAL |
50.05% |
Revenue |
|
Water & Sewer |
8.53% |
Toll Roads/Transit |
7.92% |
Health Care - Not-for-Profit |
5.87% |
Airport |
4.88% |
Higher Education - Private |
3.62% |
Senior Living |
3.20% |
Electric Utility |
2.04% |
Revenue - Miscellaneous |
1.30% |
Industrial Development - Industry |
0.45% |
Industrial Development - Utility |
0.22% |
SUBTOTAL |
38.03% |
Prerefunded/ETM |
5.32% |
Cash Equivalents |
|
Investment Companies |
4.66% |
SUBTOTAL |
4.66% |
Asset-Backed |
|
Housing - Multi-Family |
1.94% |
SUBTOTAL |
1.94% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
New York |
88.87% |
Puerto Rico |
5.21% |
Colorado |
0.43% |
Illinois |
0.38% |
California |
0.23% |
Ohio |
0.22% |
Other |
4.66% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
25.30% |
AA |
43.67% |
A |
14.80% |
BBB |
4.59% |
BB |
0.45% |
Not Rated |
1.21% |
Pre-refunded Bonds |
5.32% |
Short Term Investments |
4.66% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
4.71% |
1 to 5 years |
5.23% |
5 to 10 years |
11.48% |
10 to 20 years |
71.07% |
20 to 30 years |
7.51% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
9.66% |
Average Coupon: |
5.06% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
38.65% |
Tender Option Bonds: |
3.98% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
42.63%* |
Average Effective Maturity: |
6.88 Years |
Effective Duration: |
5.75 Years |
Total Net Assets: |
$105.55 Million** |
Common Stock Net Asset Value: |
$13.39 |
Number of Holdings: |
68 |
Portfolio Turnover: |
44% |
* The total percentage of leverage constitutes 3.98% through the use of tender option bonds, 38.65% 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. |
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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. |
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SOURCE Alliance New York Municipal Income Fund, Inc.
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