Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 24, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of February 28, 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) |
3.72% |
4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32 |
3.47% |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 |
3.31% |
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 |
2.81% |
8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 |
2.69% |
9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 |
2.61% |
10) Coast CA CCD GO AGM 5.00%, 8/21/24 |
2.39% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
12.98% |
Revenue - Miscellaneous |
7.21% |
Electric Utility |
5.93% |
Higher Education - Public |
4.40% |
Port |
3.14% |
Toll Roads/Transit |
2.69% |
Higher Education - Private |
2.41% |
Airport |
1.76% |
Primary/Secondary Ed. - Private |
1.41% |
Health Care - Not-for-Profit |
1.38% |
Industrial Development - Utility |
0.19% |
SUBTOTAL |
43.50% |
Tax Supported |
|
Special Tax |
18.09% |
Local G.O. |
14.94% |
Tax-Supported Local Lease |
2.74% |
State G.O. |
2.18% |
Assessment District |
2.03% |
Tax-Supported State Lease |
1.81% |
SUBTOTAL |
41.79% |
Insured/Guaranteed |
|
Insured |
6.75% |
SUBTOTAL |
6.75% |
Prerefunded/ETM |
3.72% |
Asset-Backed |
|
Housing - Multi-Family |
2.82% |
SUBTOTAL |
2.82% |
Cash Equivalents |
|
Investment Companies |
1.42% |
SUBTOTAL |
1.42% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
92.84% |
Puerto Rico |
3.54% |
Nevada |
1.03% |
Guam |
0.98% |
Ohio |
0.19% |
Other |
1.42% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
10.60% |
AA |
56.16% |
A |
17.99% |
BBB |
4.35% |
BB |
2.78% |
Not Rated |
2.98% |
Pre-refunded Bonds |
3.72% |
Short Term Investments |
1.42% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
1.42% |
1 to 5 years |
1.27% |
5 to 10 years |
15.06% |
10 to 20 years |
70.06% |
20 to 30 years |
12.19% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
10.61% |
Average Coupon: |
5.46% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
37.35% |
Tender Option Bonds: |
4.35% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
41.70%* |
Average Effective Maturity: |
6.78 Years |
Effective Duration: |
5.56 Years |
Total Net Assets: |
$194.26 Million** |
Common Stock Net Asset Value: |
$14.23 |
Number of Holdings: |
72 |
Portfolio Turnover: |
25% |
* The total percentage of leverage constitutes 4.35% through the use |
|
of tender option bonds, 37.35% in issued and outstanding preferred |
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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. |
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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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