Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 29, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 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 |
4.97% |
| 2) New York St Dormitory Auth NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM) |
4.81% |
| 3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.11% |
| 4) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.91% |
| 5) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 |
3.69% |
| 6) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28 |
3.25% |
| 7) New York St Envrn Fac Corp. 5.00%, 8/15/24 |
3.20% |
| 8) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27 |
3.10% |
| 9) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
3.05% |
| 10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27 |
3.04% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Tax Supported |
|
| Special Tax |
33.11% |
| Local G.O. |
9.61% |
| Tax-Supported State Lease |
5.73% |
| State G.O. |
1.42% |
| Assessment District |
0.42% |
| SUBTOTAL |
50.29% |
| Revenue |
|
| Water & Sewer |
11.45% |
| Toll Roads/Transit |
7.96% |
| Health Care - Not-for-Profit |
5.82% |
| Airport |
4.97% |
| Higher Education - Private |
3.65% |
| Senior Living |
3.19% |
| Electric Utility |
2.02% |
| Revenue - Miscellaneous |
1.30% |
| Industrial Development - Industry |
0.42% |
| Industrial Development - Utility |
0.20% |
| SUBTOTAL |
40.98% |
| Prerefunded/ETM |
4.85% |
| Asset-Backed |
|
| Housing - Multi-Family |
3.88% |
| SUBTOTAL |
3.88% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| New York |
94.30% |
| Puerto Rico |
4.52% |
| Colorado |
0.42% |
| Illinois |
0.38% |
| Ohio |
0.20% |
| California |
0.18% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
21.03% |
| AA |
53.89% |
| A |
14.33% |
| BBB |
4.26% |
| BB |
0.42% |
| Not Rated |
1.22% |
| Pre-refunded Bonds |
4.85% |
| Total Investments |
100.00% |
| Bonds By Maturity |
|
| Portfolio % |
|
| Less than 1 year |
4.81% |
| 1 to 5 years |
0.00% |
| 5 to 10 years |
11.22% |
| 10 to 20 years |
75.33% |
| 20 to 30 years |
8.64% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
9.42% |
| Average Coupon: |
5.35% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
38.50% |
| Tender Option Bonds: |
3.96% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
42.46%* |
| Average Effective Maturity: |
7.61 Years |
| Effective Duration: |
6.28 Years |
| Total Net Assets: |
$105.98 Million** |
| Common Stock Net Asset Value: |
$13.48 |
| Number of Holdings: |
67 |
| Portfolio Turnover: |
44% |
| * The total percentage of leverage constitutes 3.96% through the use of tender option bonds, 38.50% 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.
Share this article