Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.(NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2014.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) Univ of California Series 2012G 5.00%, 5/15/31 |
4.40% |
2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.85% |
3) California Pub Wks Brd Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.70% |
4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32 |
3.43% |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 |
3.33% |
6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 |
3.14% |
7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32 |
2.80% |
8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 |
2.68% |
9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 |
2.60% |
10) Coast CA CCD GO AGM 5.00%, 8/21/24 |
2.41% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Revenue |
|
Water & Sewer |
16.51% |
Electric Utility |
5.90% |
Revenue - Miscellaneous |
5.45% |
Higher Education - Public |
4.40% |
Port |
3.33% |
Toll Roads/Transit |
2.68% |
Higher Education - Private |
2.41% |
Airport |
1.74% |
Primary/Secondary Ed. - Private |
1.42% |
Health Care - Not-for-Profit |
1.39% |
SUBTOTAL |
45.23% |
Tax Supported |
|
Special Tax |
17.16% |
Local G.O. |
14.84% |
Assessment District |
2.82% |
Tax-Supported Local Lease |
2.75% |
State G.O. |
2.07% |
Tax-Supported State Lease |
1.81% |
SUBTOTAL |
41.45% |
Insured/Guaranteed |
|
Insured |
6.78% |
SUBTOTAL |
6.78% |
Prerefunded/ETM |
3.70% |
Asset-Backed |
|
Housing - Multi-Family |
2.84% |
SUBTOTAL |
2.84% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
California |
94.55% |
Puerto Rico |
3.23% |
Nevada |
1.05% |
Guam |
0.98% |
Ohio |
0.19% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
10.64% |
AA |
55.96% |
A |
19.79% |
BBB |
5.47% |
BB |
1.46% |
Not Rated |
2.98% |
Pre-refunded Bonds |
3.70% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
0.00% |
1 to 5 years |
1.27% |
5 to 10 years |
14.97% |
10 to 20 years |
71.85% |
20 to 30 years |
11.91% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
10.71% |
Average Coupon: |
5.31% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.69% |
Preferred Stock: |
37.80% |
Tender Option Bonds: |
4.40% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
42.89%* |
Average Effective Maturity: |
7.09 Years |
Effective Duration: |
5.84 Years |
Total Net Assets: |
$191.92 Million** |
Common Stock Net Asset Value: |
$13.95 |
Number of Holdings: |
72 |
Portfolio Turnover: |
25% |
* The total percentage of leverage constitutes 4.40% through the use of tender option bonds, 37.80% in issued and outstanding preferred stock and 0.69% 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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