Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.(NYSE: AYN) (the "Fund") today released its monthly portfolio update as of January 31, 2014.
Alliance New York Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) Port Authority of NY & NJ 5.00%, 10/01/34 |
4.64% |
2) New York St Dormitory Auth NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM) |
4.58% |
3) NEW YORK ST HFA 0.03%, 11/01/44 |
4.46% |
4) Utility Debt Securitization Auth NY Series 2013T 5.00%, 12/15/30 |
4.10% |
5) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.02% |
6) LONG ISLAND PWR AUTH NY Series 2012D 0.03%, 12/01/29 |
4.01% |
7) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.87% |
8) New York NY Trnsl Fin Auth Series 2013A 5.25%, 7/01/30 |
2.98% |
9) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.97% |
10) New York St Dormitory Auth (New York St Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
2.93% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Revenue |
|
Water & Sewer |
10.21% |
Toll Roads/Transit |
8.83% |
Revenue - Miscellaneous |
8.14% |
Health Care - Not-for-Profit |
5.37% |
Airport |
4.64% |
Senior Living |
3.60% |
Higher Education - Private |
3.56% |
Electric Utility |
1.35% |
Port |
0.20% |
SUBTOTAL |
45.90% |
Tax Supported |
|
Special Tax |
20.53% |
Local G.O. |
5.71% |
Tax-Supported State Lease |
4.96% |
Tax-Supported Local Lease |
1.94% |
State G.O. |
1.25% |
SUBTOTAL |
34.39% |
Note/VRDBs |
|
Money Market |
8.47% |
SUBTOTAL |
8.47% |
Prerefunded/ETM |
5.26% |
Cash Equivalents |
|
Investment Companies |
4.11% |
SUBTOTAL |
4.11% |
Asset-Backed |
|
Housing - Multi-Family |
1.87% |
SUBTOTAL |
1.87% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
New York |
86.02% |
Puerto Rico |
3.90% |
Idaho |
2.77% |
Texas |
2.01% |
Colorado |
0.41% |
Illinois |
0.40% |
Ohio |
0.20% |
California |
0.18% |
Other |
4.11% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
13.98% |
AA |
49.54% |
A |
13.13% |
BBB |
3.74% |
BB |
0.55% |
Not Rated |
1.23% |
Pre-refunded Bonds |
5.26% |
Short Term Investments |
12.57% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
17.15% |
1 to 5 years |
0.64% |
5 to 10 years |
9.86% |
10 to 20 years |
60.69% |
20 to 30 years |
11.66% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.90% |
Average Coupon: |
4.77% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
38.19% |
Tender Option Bonds: |
3.93% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
42.12%* |
Average Effective Maturity: |
6.49 Years |
Effective Duration: |
5.60 Years |
Total Net Assets: |
$106.83 Million** |
Common Stock Net Asset Value: |
$13.65 |
Number of Holdings: |
66 |
Portfolio Turnover: |
35% |
* The total percentage of leverage constitutes 3.93% through the use of tender option bonds, 38.19% 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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