Alliance California Municipal Income Fund
RELEASES MONTHLY PORTFOLIO UPDATE
NEW YORK, Sept. 26, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of August 31, 2016.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) University of California Series 2012G 5.00%, 5/15/31 |
4.51% |
2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.55% |
3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.50% |
4) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 |
3.11% |
5) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 |
2.93% |
6) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.91% |
7) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.90% |
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.81% |
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.72% |
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.65% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Revenue - Miscellaneous |
9.75% |
Water & Sewer |
9.46% |
Toll Roads/Transit |
7.65% |
Higher Education - Public |
4.51% |
Electric Utility |
4.46% |
Health Care - Not-for-Profit |
3.72% |
Port |
2.90% |
Primary/Secondary Ed. - Public |
2.61% |
Senior Living |
1.69% |
Higher Education - Private |
1.68% |
Airport |
1.66% |
Primary/Secondary Ed. - Private |
1.45% |
SUBTOTAL |
51.54% |
Tax Supported |
|
Special Tax |
15.12% |
Local G.O. |
13.14% |
Tax-Supported Local Lease |
8.21% |
Assessment District |
2.63% |
State G.O. |
1.15% |
SUBTOTAL |
40.25% |
Prerefunded/ETM |
5.49% |
Asset-Backed |
|
Housing - Multi-Family |
2.56% |
SUBTOTAL |
2.56% |
Cash Equivalents |
|
Investment Companies |
0.16% |
SUBTOTAL |
0.16% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
90.92% |
New York |
2.72% |
Florida |
2.04% |
Guam |
1.05% |
Nevada |
0.86% |
Minnesota |
0.61% |
Pennsylvania |
0.55% |
Indiana |
0.54% |
Missouri |
0.54% |
Ohio |
0.01% |
Other |
0.16% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
11.77% |
AA |
57.73% |
A |
11.19% |
BBB |
10.57% |
B |
1.28% |
Not Rated |
1.81% |
Pre-refunded Bonds |
5.49% |
Short Term Investments |
0.16% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.16% |
1 to 5 years |
2.13% |
5 to 10 years |
6.69% |
10 to 20 years |
72.85% |
20 to 30 years |
18.17% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.55% |
Average Coupon: |
5.17% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Auction Preferred Shares (APS): |
14.49% |
Tender Option Bonds: |
3.87% |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
19.46% |
Total Fund Leverage: |
37.82%* |
Average Effective Maturity: |
6.47 Years |
Effective Duration: |
5.14 Years |
Total Net Assets: |
$168.56 Million** |
Common Stock Net Asset Value: |
$16.21 |
Number of Holdings: |
74 |
Portfolio Turnover: |
18% |
* The total percentage of leverage constitutes 3.87% through the use of tender option bonds, 14.49% in issued and outstanding APS, 19.46% in issued and outstanding VMTPs 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 $29,875,000 of APS at liquidation value.
The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes.
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 California Municipal Income Fund, Inc.
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