Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Oct. 29, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (AYN) (the "Fund") today released its monthly portfolio update as of September 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

4.97%

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

4.81%

3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax)  Series 2011C 5.00%,

    12/01/25

4.11%

4) New York St Thruway Auth (New York St Thruway Auth Ded Tax)  Series 2011A 

    5.00%, 4/01/31

3.91%

5) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC

    Series 03A-1 5.25%, 6/01/21

3.69%

6) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28

3.25%

7) New York St Envrn Fac Corp. 5.00%, 8/15/24

3.20%

8) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27

3.10%

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

3.05%

10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27

3.04%



Sector/Industry Breakdown



Portfolio %

Tax Supported


Special Tax

33.11%

Local G.O.

9.61%

Tax-Supported State Lease

5.73%

State G.O.

1.42%

Assessment District

0.42%

SUBTOTAL

50.29%

Revenue


Water & Sewer

11.45%

Toll Roads/Transit

7.96%

Health Care - Not-for-Profit

5.82%

Airport

4.97%

Higher Education - Private

3.65%

Senior Living

3.19%

Electric Utility

2.02%

Revenue - Miscellaneous

1.30%

Industrial Development - Industry

0.42%

Industrial Development - Utility

0.20%

SUBTOTAL

40.98%

Prerefunded/ETM

4.85%

Asset-Backed


Housing - Multi-Family

3.88%

SUBTOTAL

3.88%

Total

100.00%



State Breakdown



Portfolio %

New York

94.30%

Puerto Rico

4.52%

Colorado

0.42%

Illinois

0.38%

Ohio

0.20%

California

0.18%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

21.03%

AA

53.89%

A

14.33%

BBB

4.26%

BB

0.42%

Not Rated

1.22%

Pre-refunded Bonds

4.85%

Total Investments

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

4.81%

1 to 5 years

0.00%

5 to 10 years

11.22%

10 to 20 years

75.33%

20 to 30 years

8.64%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

9.42%

Average Coupon:

5.35%



Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

38.50%

Tender Option Bonds:

3.96%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

42.46%*

Average Effective Maturity:

7.61 Years

Effective Duration:

6.28 Years

Total Net Assets:

$105.98 Million**

Common Stock Net Asset Value:

$13.48

Number of Holdings:

67

Portfolio Turnover:

44%



* The total percentage of leverage constitutes 3.96% through the use of tender option bonds, 38.50% 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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