Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 21, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of July 31, 2015.
| Alliance New York Municipal Income Fund, Inc. |
||
| Top 10 Fixed-Income Holdings |
Portfolio % |
|
| 1) Port Authority of New York & New Jersey Series 2012 5.00%, 10/01/34 |
4.82% |
|
| 2) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30 |
4.19% |
|
| 3) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.15% |
|
| 4) New York State Thruway Authority (New York State Thruway Authority Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.96% |
|
| 5) New York State Dormitory Authority (State University of New York Dormitory Fees) Series 2013A 5.25%, 7/01/30 |
3.10% |
|
| 6) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
3.03% |
|
| 7) New York State Thruway Authority (New York State Thruway Authority Gen Toll Road) Series 2014J 5.00%, 1/01/41 |
2.91% |
|
| 8) New York State Dormitory Authority (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.90% |
|
| 9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) Series 2014 5.00%, 7/15/31 |
2.81% |
|
| 10) New York City Municipal Water Finance Authority Series 2011HH 5.00%, 6/15/26 |
2.62% |
|
| Sector/Industry Breakdown |
Portfolio % |
|
| Revenue |
||
| Toll Roads/Transit |
10.86% |
|
| Water & Sewer |
10.14% |
|
| Higher Education - Private |
9.59% |
|
| Health Care - Not-for-Profit |
9.39% |
|
| Revenue - Miscellaneous |
8.24% |
|
| Electric Utility |
7.59% |
|
| Airport |
7.30% |
|
| Senior Living |
3.59% |
|
| Higher Education - Public |
1.22% |
|
| Industrial Development - Utility |
0.15% |
|
| SUBTOTAL |
68.07% |
|
| Tax Supported |
||
| Special Tax |
19.15% |
|
| Tax-Supported State Lease |
3.02% |
|
| Local G.O. |
2.03% |
|
| State G.O. |
0.18% |
|
| SUBTOTAL |
24.38% |
|
| Asset-Backed |
||
| Housing - Multi-Family |
3.86% |
|
| SUBTOTAL |
3.86% |
|
| Prerefunded/ETM |
2.74% |
|
| Cash Equivalents |
||
| Investment Companies |
0.95% |
|
| SUBTOTAL |
0.95% |
|
| Total |
100.00% |
|
| State Breakdown |
Portfolio % |
|
| New York |
91.49% |
|
| Idaho |
2.81% |
|
| Texas |
2.03% |
|
| Kansas |
0.98% |
|
| Florida |
0.96% |
|
| Colorado |
0.45% |
|
| California |
0.18% |
|
| Ohio |
0.15% |
|
| Other |
0.95% |
|
| Total Investments |
100.00% |
|
| Credit Quality Breakdown |
Portfolio % |
|
| AAA |
15.57% |
|
| AA |
51.71% |
|
| A |
17.82% |
|
| BBB |
9.71% |
|
| BB |
1.09% |
|
| Not Rated |
0.41% |
|
| Pre-refunded Bonds |
2.74% |
|
| Short Term Investments |
0.95% |
|
| Total Investments |
100.00% |
|
| Bonds By Maturity |
Portfolio % |
|
| Less than 1 year |
1.99% |
|
| 1 to 5 years |
3.31% |
|
| 5 to 10 years |
5.09% |
|
| 10 to 20 years |
73.45% |
|
| 20 to 30 years |
14.21% |
|
| More than 30 years |
1.95% |
|
| Other |
0.00% |
|
| Total Investments |
100.00% |
|
| Portfolio Statistics: |
||
| AMT Percentage: |
10.50% |
|
| Average Coupon: |
5.17% |
|
| Percentage of Leverage: |
||
| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
0.45% |
|
| Preferred Stock: |
37.23% |
|
| Tender Option Bonds: |
3.86% |
|
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
| Total Fund Leverage: |
41.54%* |
|
| Average Effective Maturity: |
6.60 Years |
|
| Effective Duration: |
5.68 Years |
|
| Total Net Assets: |
$110.65 Million** |
|
| Common Stock Net Asset Value: |
$14.44 |
|
| Number of Holdings: |
74 |
|
| Portfolio Turnover: |
42% |
| * The total percentage of leverage constitutes 3.86% through the use of tender option bonds, 37.23% in issued and outstanding preferred stock and 0.45% 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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