Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of September 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 |
4.37% |
2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
4.32% |
3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles |
3.71% |
4) Los Angeles CA GO Series 2012A 5.00%, 9/01/23 |
3.44% |
5) California Pub Wks Brd (Univ Of California Lease) Series 2011A 5.25%, 12/01/26 |
3.41% |
6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
3.08% |
7) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.02% |
8) CLOVIS CA USD GO Series 2012A 5.00%, 8/01/28 |
2.44% |
9) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.42% |
10) San Diego CA CCD GO 5.00%, 8/01/27 |
2.29% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Tax Supported |
|
Special Tax |
18.74% |
Local G.O. |
15.44% |
Tax-Supported Local Lease |
3.36% |
State G.O. |
2.09% |
Assessment District |
1.98% |
Tax-Supported State Lease |
1.70% |
SUBTOTAL |
43.31% |
Revenue |
|
Water & Sewer |
13.18% |
Electric Utility |
5.60% |
Port |
5.09% |
Higher Education - Public |
4.53% |
Revenue - Miscellaneous |
3.96% |
Health Care - Not-for-Profit |
3.16% |
Airport |
2.55% |
Higher Education - Private |
2.32% |
Primary/Secondary Ed. - Private |
1.48% |
Industrial Development - Utility |
0.19% |
SUBTOTAL |
42.06% |
Insured/Guaranteed |
|
Insured |
6.40% |
SUBTOTAL |
6.40% |
Cash Equivalents |
|
Investment Companies |
3.01% |
SUBTOTAL |
3.01% |
Asset-Backed |
|
Housing - Multi-Family |
2.69% |
SUBTOTAL |
2.69% |
Prerefunded/ETM |
2.53% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
California |
94.23% |
Puerto Rico |
1.54% |
Nevada |
1.03% |
Ohio |
0.19% |
Other |
3.01% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
14.73% |
AA |
56.98% |
A |
16.68% |
BBB |
3.10% |
Not Rated |
2.97% |
Pre-refunded Bonds |
2.53% |
Short Term Investments |
3.01% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
14.05% |
Average Coupon: |
5.76% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.83% |
Preferred Stock: |
36.00% |
Tender Option Bonds: |
4.19% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
41.02%* |
Average Effective Maturity: |
6.64 Years |
Effective Duration: |
5.87 Years |
Total Net Assets: |
$201.57 Million** |
Common Stock Net Asset Value: |
$15.09 |
Number of Holdings: |
76 |
Portfolio Turnover: |
14% |
* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 36.00% in issued and outstanding preferred stock and 0.83% 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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