Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 27, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.[NYSE: AYN] (the "Fund") today released its monthly portfolio update as of December 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 |
4.93% |
2) New York St Dormitory Auth NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM) |
4.78% |
3) Utility Debt Securitization Auth NY Series 2013T 5.00%, 12/15/30 |
4.15% |
4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.12% |
5) New York NY GO Series 2013D 5.00%, 8/01/31 |
3.94% |
6) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.94% |
7) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27 |
3.08% |
8) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
3.05% |
9) New York NY Trnsl Fin Auth Series 2013A 5.25%, 7/01/30 |
3.02% |
10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27 |
3.02% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Tax Supported |
|
Special Tax |
31.77% |
Local G.O. |
9.40% |
Tax-Supported State Lease |
2.01% |
Tax-Supported Local Lease |
1.95% |
State G.O. |
1.38% |
Assessment District |
0.42% |
SUBTOTAL |
46.93% |
Revenue |
|
Toll Roads/Transit |
8.99% |
Water & Sewer |
8.21% |
Health Care - Not-for-Profit |
5.82% |
Revenue - Miscellaneous |
5.44% |
Airport |
4.93% |
Higher Education - Private |
3.65% |
Senior Living |
3.23% |
Electric Utility |
1.38% |
Industrial Development - Industry |
0.44% |
Industrial Development - Utility |
0.20% |
SUBTOTAL |
42.29% |
Prerefunded/ETM |
5.49% |
Cash Equivalents |
|
Investment Companies |
3.34% |
SUBTOTAL |
3.34% |
Asset-Backed |
|
Housing - Multi-Family |
1.95% |
SUBTOTAL |
1.95% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
New York |
91.31% |
Puerto Rico |
4.13% |
Colorado |
0.42% |
Illinois |
0.41% |
Ohio |
0.20% |
California |
0.19% |
Other |
3.34% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
20.87% |
AA |
50.99% |
A |
13.41% |
BBB |
3.84% |
BB |
0.81% |
Not Rated |
1.25% |
Pre-refunded Bonds |
5.49% |
Short Term Investments |
3.34% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
8.13% |
1 to 5 years |
0.67% |
5 to 10 years |
9.86% |
10 to 20 years |
72.66% |
20 to 30 years |
8.68% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
7.66% |
Average Coupon: |
5.15% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
38.90% |
Tender Option Bonds: |
4.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
42.90%* |
Average Effective Maturity: |
7.53 Years |
Effective Duration: |
6.24 Years |
Total Net Assets: |
$104.90 Million** |
Common Stock Net Asset Value: |
$13.25 |
Number of Holdings: |
66 |
Portfolio Turnover: |
35% |
* The total percentage of leverage constitutes 4.00% through the use of tender option bonds, 38.90% 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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