Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 24, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of June 30, 2012.
Alliance California Municipal Income Fund, Inc.
|
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.34% |
2) San Francisco CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
4.25% |
3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.74% |
4) Los Angeles CA GO Series 2012A 5.00%, 9/01/23 |
3.43% |
5) California Pub Wks Brd (Univ Of California Lease) Series 2011A 5.25%, 12/01/26 |
3.33% |
6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
3.14% |
7) Puerto Rico Hwy & Trnsp Auth Series 02D 5.375%, 7/01/36 (Prerefunded/ETM) |
3.05% |
8) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.03% |
9) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.38% |
10) Coast CA CCD GO AGM Series 06B 5.00%, 8/21/24 |
2.31% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Revenue |
|
Water & Sewer |
16.93% |
Electric Utility |
5.60% |
Port |
5.15% |
Revenue - Miscellaneous |
3.99% |
Higher Education - Public |
3.33% |
Health Care - Not-for-Profit |
3.23% |
Higher Education - Private |
2.78% |
Airport |
2.51% |
Primary/Secondary Ed. - Private |
1.49% |
Industrial Development - Utility |
0.20% |
SUBTOTAL |
45.21% |
Tax Supported |
|
Special Tax |
14.92% |
Local G.O. |
12.91% |
Tax-Supported Local Lease |
3.90% |
Assessment District |
2.48% |
State G.O. |
2.15% |
Tax-Supported State Lease |
1.70% |
SUBTOTAL |
38.06% |
Prerefunded/ETM |
7.48% |
Insured/Guaranteed |
|
Insured |
6.51% |
SUBTOTAL |
6.51% |
Asset-Backed |
|
Housing - Multi-Family |
2.74% |
SUBTOTAL |
2.74% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
California |
92.31% |
Puerto Rico |
6.45% |
Nevada |
1.04% |
Ohio |
0.20% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
17.43% |
AA |
51.55% |
A |
16.88% |
BBB |
3.64% |
Not Rated |
3.02% |
Pre-refunded Bonds |
7.48% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
13.86% |
Average Coupon: |
5.61 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
3.77% |
Preferred Stock: |
36.59% |
Tender Option Bonds: |
4.26% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.62%* |
Average Maturity: |
5.86 Years |
Effective Duration: |
5.12 Years |
Total Net Assets: |
$198.25 Million** |
Common Stock Net Asset Value: |
$14.71 |
Number of Holdings: |
79 |
Portfolio Turnover: |
14 |
* The total percentage of leverage constitutes 4.26% through the use of tender option bonds, 36.59% in issued and outstanding preferred stock and 3.77% 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 72,550,000 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 California Municipal Income Fund, Inc.
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