Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 28, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of June 30, 2014.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Univ of California Series 2012G 5.00%, 5/15/31 |
4.46% |
2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty CA MTA Sales Tax) 5.00%, 7/01/25 |
3.80% |
3) California Pub Wks Brd Series 2011G 5.25%, 12/01/26 |
3.66% |
4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32 |
3.48% |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA CRA Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 |
3.27% |
6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 |
3.17% |
7) San Diego CA USD GO Series 2013C 5.00%, 07/01/32 |
2.86% |
8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 |
2.75% |
9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 |
2.63% |
10) San Diego CA Wtr 5.00%, 5/01/31 |
2.44% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
14.83% |
Revenue - Miscellaneous |
7.27% |
Electric Utility |
6.01% |
Higher Education - Public |
4.46% |
Port |
3.17% |
Toll Roads/Transit |
2.75% |
Higher Education - Private |
2.43% |
Airport |
1.77% |
Primary/Secondary Ed. - Private |
1.42% |
Health Care - Not-for-Profit |
1.37% |
Industrial Development - Utility |
0.19% |
SUBTOTAL |
45.67% |
Tax Supported |
|
Special Tax |
20.35% |
Local G.O. |
15.54% |
Tax-Supported Local Lease |
1.97% |
Tax-Supported State Lease |
1.78% |
State G.O. |
1.59% |
Assessment District |
1.01% |
SUBTOTAL |
42.24% |
Prerefunded/ETM |
5.91% |
Insured/Guaranteed |
|
Insured |
3.36% |
SUBTOTAL |
3.36% |
Asset-Backed |
|
Housing - Multi-Family |
2.76% |
SUBTOTAL |
2.76% |
Cash Equivalents |
|
Investment Companies |
0.06% |
SUBTOTAL |
0.06% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
94.86% |
Puerto Rico |
2.83% |
Guam |
1.05% |
Nevada |
1.01% |
Ohio |
0.19% |
Other |
0.06% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
12.28% |
AA |
57.34% |
A |
15.87% |
BBB |
4.43% |
BB |
2.12% |
Not Rated |
1.99% |
Pre-refunded Bonds |
5.91% |
Short Term Investments |
0.06% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
1.06% |
1 to 5 years |
1.49% |
5 to 10 years |
9.74% |
10 to 20 years |
73.45% |
20 to 30 years |
14.26% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
9.53% |
Average Coupon: |
5.41% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
36.66% |
Tender Option Bonds: |
3.88% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
40.54%* |
Average Effective Maturity: |
6.73 Years |
Effective Duration: |
5.72 Years |
Total Net Assets: |
$197.90 Million** |
Common Stock Net Asset Value: |
$14.65 |
Number of Holdings: |
71 |
Portfolio Turnover: |
25% |
* The total percentage of leverage constitutes 3.88% through the use |
|
of tender option bonds, 36.66% 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.
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