Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 27, 2014 /PRNewswire/ -- Alliance New York Municipal
Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of May 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 |
4.68% |
||||
| 2) New York St Dormitory Auth Series 04 5.75%, 8/01/14 (Prerefunded/ETM) |
4.35% |
||||
| 3) Utility Debt Securitization Auth NY Series 2013T 5.00%, 12/15/30 |
4.13% |
||||
| 4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.01% |
||||
| 5) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.87% |
||||
| 6) New York NY Trnsl Fin Auth Series 2013A 5.25%, 7/01/30 |
2.99% |
||||
| 7) New York St Dormitory Auth (New York St Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
2.96% |
||||
| 8) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.93% |
||||
| 9) Idaho Hsg & Fin Assn (Idaho Fed Hwy Grant) 5.00%, 7/15/31 |
2.77% |
||||
| 10) Long Island Pwr Auth NY Series 2012D 0.05%, 12/01/29 |
2.76% |
||||
| Sector/Industry Breakdown |
Portfolio % |
||||
| Revenue |
11.31% |
||||
| Water & Sewer |
9.17% |
||||
| Revenue - Miscellaneous |
7.84% |
||||
| Toll Roads/Transit |
6.90% |
||||
| Health Care - Not-for-Profit |
5.47% |
||||
| Higher Education - Private |
4.68% |
||||
| Airport |
3.14% |
||||
| Senior Living |
2.68% |
||||
| Higher Education - Public |
1.30% |
||||
| Electric Utility |
0.20% |
||||
| Industrial Development - Utility |
52.69% |
||||
| SUBTOTAL |
|||||
| Tax Supported |
|||||
| Special Tax |
25.01% |
||||
| Local G.O. |
3.23% |
||||
| State G.O. |
3.12% |
||||
| Tax-Supported State Lease |
1.97% |
||||
| Tax-Supported Local Lease |
1.94% |
||||
| Assessment District |
0.37% |
||||
| SUBTOTAL |
35.64% |
||||
| Prerefunded/ETM |
5.00% |
||||
| Note/VRDBs |
|||||
| Money Market |
2.76% |
||||
| SUBTOTAL |
2.76% |
||||
| Cash Equivalents |
|||||
| Investment Companies |
2.10% |
||||
| SUBTOTAL |
2.10% |
||||
| Asset-Backed |
|||||
| Housing - Multi-Family |
1.81% |
||||
| SUBTOTAL |
1.81% |
||||
| Total |
100.00% |
||||
|
State Breakdown
|
Portfolio % |
||||
| New York |
83.41% |
||||
| Idaho |
2.77% |
||||
| Pennsylvania |
2.54% |
||||
| Louisiana |
2.28% |
||||
| New Mexico |
2.03% |
||||
| Texas |
2.01% |
||||
| Wisconsin |
1.29% |
||||
| Puerto Rico |
0.44% |
||||
| Illinois |
0.39% |
||||
| Colorado |
0.37% |
||||
| Ohio |
0.20% |
||||
| California |
0.17% |
||||
| Other |
2.10% |
||||
| Total Investments |
100.00% |
||||
| Credit Quality Breakdown |
|||||
| Portfolio % |
|||||
| AAA |
15.99% |
||||
| AA |
54.47% |
||||
| A |
13.98% |
||||
| BBB |
3.77% |
||||
| BB |
0.75% |
||||
| Not Rated |
1.19% |
||||
| Pre-refunded Bonds |
5.00% |
||||
| Short Term Investments |
4.85% |
||||
| Total Investments |
100.00% |
||||
| Bonds By Maturity |
Portfolio % |
||||
| Less than 1 year |
9.21% |
||||
| 1 to 5 years |
2.89% |
||||
| 5 to 10 years |
12.92% |
||||
| 10 to 20 years |
62.40% |
||||
| 20 to 30 years |
12.58% |
||||
| More than 30 years |
0.00% |
||||
| Other |
0.00% |
||||
| Total Investments |
100.00% |
||||
| Portfolio Statistics: |
|||||
| AMT Percentage: |
8.66% |
||||
| Average Coupon: |
5.18% |
||||
| Percentage of Leverage: |
|||||
| Bank Borrowing: |
0.00% |
||||
| Investment Operations: |
0.38% |
||||
| Preferred Stock: |
37.12% |
||||
| Tender Option Bonds: |
3.82% |
||||
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
||||
| Total Fund Leverage: |
41.32%* |
||||
| Average Effective Maturity: |
6.49 Years |
||||
| Effective Duration: |
5.58 Years |
||||
| Total Net Assets: |
$109.91 Million** |
||||
| Common Stock Net Asset Value: |
$14.29 |
||||
| Number of Holdings: |
71 |
||||
| Portfolio Turnover: |
35% |
||||
* The total percentage of leverage constitutes 3.82% through the use of tender option bonds, 37.12% in issued and outstanding preferred stock and 0.38% 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