Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 29, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of July 31, 2012.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.47% |
2) San Francisco CA Pub Util Wtr Series 2012C |
4.39% |
5.00%, 11/01/26 |
|
3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.78% |
Angeles Cnty Ca Mta Sales Tax) 5.00%, |
|
7/01/25 |
|
4) Los Angeles CA GO Series 2012A 5.00%, |
3.51% |
9/01/23 |
|
5) California Pub Wks Brd (Univ Of California |
3.45% |
Lease) Series 2011A 5.25%, 12/01/26 |
|
6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca |
3.16% |
Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|
12/01/26 |
|
7) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.10% |
8) San Diego Cnty CA Regl Trnsp Commn Series |
2.46% |
2012A 5.00%, 4/01/28 |
|
9) Coast CA CCD GO AGM Series 06B 5.00%, |
2.34% |
8/21/24 |
|
10) Southern CA Pub Pwr Auth (Los Angeles Ca Dept |
2.33% |
W&p Pwr) 5.25%, 7/01/25 |
|
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
17.39% |
Electric Utility |
5.75% |
Port |
5.23% |
Higher Education - Public |
4.61% |
Revenue - Miscellaneous |
4.06% |
Health Care - Not-for-Profit |
3.25% |
Airport |
2.58% |
Higher Education - Private |
2.38% |
Primary/Secondary Ed. - Private |
1.52% |
Industrial Development - Utility |
0.19% |
SUBTOTAL |
46.96% |
Tax Supported |
|
Special Tax |
15.19% |
Local G.O. |
13.26% |
Tax-Supported Local Lease |
3.44% |
Assessment District |
2.50% |
State G.O. |
2.17% |
Tax-Supported State Lease |
1.72% |
SUBTOTAL |
38.28% |
Insured/Guaranteed |
|
Insured |
6.59% |
SUBTOTAL |
6.59% |
Cash Equivalents |
|
Investment Companies |
2.80% |
SUBTOTAL |
2.80% |
Asset-Backed |
|
Housing - Multi-Family |
2.76% |
SUBTOTAL |
2.76% |
Prerefunded/ETM |
2.61% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
94.36% |
Puerto Rico |
1.60% |
Nevada |
1.05% |
Ohio |
0.19% |
Other |
2.80% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
17.81% |
AA |
52.99% |
A |
17.08% |
BBB |
3.67% |
Not Rated |
3.04% |
Pre-refunded Bonds |
2.61% |
Short Term Investments |
2.80% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
13.95% |
Average Coupon: |
5.29 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
36.06% |
Tender Option Bonds: |
4.20% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
40.26%* |
Average Effective Maturity: |
6.04 Years |
Effective Duration: |
5.32 Years |
Total Net Assets: |
$201.20 Million** |
Common Stock Net Asset Value: |
$15.05 |
Number of Holdings: |
77 |
Portfolio Turnover: |
14 |
* The total percentage of leverage constitutes 4.20% through the use of tender option bonds, 36.06% 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 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article