NEW YORK, Dec. 26, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of November 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 | 4.90% |
2) New York St Dormitory Auth NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM) | 4.78% |
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25 | 4.13% |
4) New York NY GO Series 2013D 5.00%, 8/01/31 | 3.95% |
5) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/31 | 3.93% |
6) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 2003A-1 5.25%, 6/01/21 | 3.69% |
7) New York St Envrn Fac Corp. Series 2012B 5.00%, 8/15/24 | 3.18% |
8) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28 | 3.14% |
9) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27 | 3.09% |
10) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 | 3.05% |
Sector/Industry Breakdown | |
Portfolio % | |
Tax Supported | |
Special Tax | 32.07% |
Local G.O. | 9.43% |
Tax-Supported State Lease | 5.72% |
State G.O. | 1.38% |
Assessment District | 0.42% |
SUBTOTAL | 49.02% |
Revenue | |
Water & Sewer | 11.40% |
Toll Roads/Transit | 9.00% |
Health Care - Not-for-Profit | 5.83% |
Airport | 4.90% |
Higher Education - Private | 3.65% |
Senior Living | 3.23% |
Electric Utility | 2.03% |
Revenue - Miscellaneous | 1.29% |
Industrial Development - Industry | 0.44% |
Industrial Development - Utility | 0.20% |
SUBTOTAL | 41.97% |
Prerefunded/ETM | 4.82% |
Asset-Backed | |
Housing - Multi-Family | 3.89% |
SUBTOTAL | 3.89% |
Cash Equivalents | |
Investment Companies | 0.30% |
SUBTOTAL | 0.30% |
Total | 100.00% |
State Breakdown | |
Portfolio % | |
New York | 94.11% |
Puerto Rico | 4.38% |
Colorado | 0.42% |
Illinois | 0.41% |
Ohio | 0.20% |
California | 0.18% |
Other | 0.30% |
Total Investments | 100.00% |
Credit Quality Breakdown | |
Portfolio % | |
AAA | 19.97% |
AA | 54.70% |
A | 14.30% |
BBB | 4.22% |
BB | 0.44% |
Not Rated | 1.25% |
Pre-refunded Bonds | 4.82% |
Short Term Investments | 0.30% |
Total Investments | 100.00% |
Bonds By Maturity | |
Portfolio % | |
Less than 1 year | 5.08% |
1 to 5 years | 0.00% |
5 to 10 years | 13.83% |
10 to 20 years | 72.40% |
20 to 30 years | 8.69% |
More than 30 years | 0.00% |
Other | 0.00% |
Total Investments | 100.00% |
Portfolio Statistics: | |
AMT Percentage: | 9.08% |
Average Coupon: | 5.35% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 0.00% |
Preferred Stock: | 38.62% |
Tender Option Bonds: | 3.98% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 42.60%* |
Average Effective Maturity: | 7.50 Years |
Effective Duration: | 6.19 Years |
Total Net Assets: | $105.64 Million** |
Common Stock Net Asset Value: | $13.41 |
Number of Holdings: | 67 |
Portfolio Turnover: | 44% |
* The total percentage of leverage constitutes 3.98% through the use of tender option bonds, 38.62% 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.
