Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, April 28, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (AYN) (the "Fund") today released its monthly portfolio update as of March 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

4.80%

2) New York St Dormitory Auth Series 04 5.75%, 8/01/14 (Prerefunded/ETM)

4.60%

3) Utility Debt Securitization Auth NY Series 2013T 5.00%, 12/15/30

4.21%

4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax)  Series 2011C 5.00%, 12/01/25

4.11%

5) New York St Thruway Auth (New York St Thruway Auth Ded Tax)  Series 2011A 5.00%, 4/01/31

3.96%

6) New York NY Trnsl Fin Auth Series 2013A 5.25%, 7/01/30

3.05%

7) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26

3.05%

8) New York St Dormitory Auth (New York St Pers Income Tax)  Series 2012A 5.00%, 6/15/31

3.00%

9) Long Island Pwr Auth NY Series 2012D 0.05%, 12/01/2029

2.89%

10) Idaho Hsg & Fin Assn (Idaho Fed Hwy Grant) 5.00%, 7/15/31

2.83%



Sector/Industry Breakdown

Portfolio %

Revenue


Water & Sewer

11.62%

Toll Roads/Transit

9.05%

Revenue - Miscellaneous

8.34%

Health Care - Not-for-Profit

5.95%

Airport

4.80%

Higher Education - Private

3.62%

Senior Living

3.24%

Electric Utility

1.35%

Industrial Development - Utility

0.20%

SUBTOTAL

48.17%

Tax Supported


Special Tax

25.70%

Local G.O.

5.38%

State G.O.

4.05%

Tax-Supported State Lease

2.02%

Tax-Supported Local Lease

1.99%

Assessment District

0.38%

SUBTOTAL

39.52%

Prerefunded/ETM

5.29%

Note/VRDBs


Money Market

2.89%

SUBTOTAL

2.89%

Cash Equivalents


Investment Companies

2.23%

SUBTOTAL

2.23%

Asset-Backed


Housing - Multi-Family

1.90%

SUBTOTAL

1.90%

Total

100.00%



State Breakdown

Portfolio %

New York

81.97%

Idaho

2.83%

Pennsylvania

2.65%

Louisiana

2.38%

New Mexico

2.13%

Texas

2.06%

Wisconsin

1.34%

Puerto Rico

1.25%

Illinois

0.40%

Colorado

0.38%

Ohio

0.20%

California

0.18%

Other

2.23%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

16.45%

AA

55.31%

A

12.30%

BBB

2.75%

BB

1.57%

Not Rated

1.21%

Pre-refunded Bonds

5.29%

Short Term Investments

5.12%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

9.73%

1 to 5 years

0.65%

5 to 10 years

18.60%

10 to 20 years

59.21%

20 to 30 years

11.81%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

8.45%

Average Coupon:

5.02%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

37.88%

Tender Option Bonds:

3.90%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.78%*

Average Effective Maturity:

6.19 Years

Effective Duration:

5.42 Years

Total Net Assets:

$107.71 Million**

Common Stock Net Asset Value:

$13.83

Number of Holdings:

67

Portfolio Turnover:

35%

 

* The total percentage of leverage constitutes 3.90% through the use of tender option bonds, 37.88% 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.

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