Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 23, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of January 31, 2015.
Alliance California Municipal Income Fund, Inc. |
||
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) |
University of California Series 2012G 5.00%, 5/15/31 |
4.47% |
2) |
Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25 |
3.67% |
3) |
California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.55% |
4) |
Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.47% |
5) |
Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26 |
3.13% |
6) |
Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
3.03% |
7) |
San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.85% |
8) |
Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.75% |
9) |
Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.67% |
10) |
City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.63% |
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
||
Water & Sewer |
10.55% |
|
Revenue - Miscellaneous |
9.22% |
|
Toll Roads/Transit |
8.90% |
|
Electric Utility |
5.05% |
|
Higher Education - Public |
4.47% |
|
Health Care - Not-for-Profit |
3.86% |
|
Port |
3.03% |
|
Airport |
1.73% |
|
Primary/Secondary Ed. - Private |
1.38% |
|
Higher Education - Private |
1.17% |
|
Industrial Development - Utility |
0.20% |
|
SUBTOTAL |
49.56% |
|
Tax Supported |
||
Special Tax |
15.90% |
|
Local G.O. |
13.09% |
|
Tax-Supported Local Lease |
4.62% |
|
Assessment District |
2.33% |
|
Tax-Supported State Lease |
1.70% |
|
State G.O. |
1.13% |
|
SUBTOTAL |
38.77% |
|
Prerefunded/ETM |
5.82% |
|
Insured/Guaranteed |
||
Insured |
3.21% |
|
SUBTOTAL |
3.21% |
|
Asset-Backed |
||
Housing - Multi-Family |
2.62% |
|
SUBTOTAL |
2.62% |
|
Cash Equivalents |
||
Investment Companies |
0.02% |
|
SUBTOTAL |
0.02% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
91.61% |
|
New York |
2.67% |
|
Florida |
1.47% |
|
New Jersey |
1.44% |
|
Guam |
1.05% |
|
Nevada |
0.99% |
|
Illinois |
0.55% |
|
Ohio |
0.20% |
|
Other |
0.02% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
10.28% |
|
AA |
55.00% |
|
A |
16.95% |
|
BBB |
8.64% |
|
B |
1.34% |
|
Not Rated |
1.95% |
|
Pre-refunded Bonds |
5.82% |
|
Short Term Investments |
0.02% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
0.02% |
|
1 to 5 years |
3.25% |
|
5 to 10 years |
9.67% |
|
10 to 20 years |
71.31% |
|
20 to 30 years |
15.75% |
|
More than 30 years |
0.00% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
||
AMT Percentage: |
8.42% |
|
Average Coupon: |
5.30% |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.57% |
|
Preferred Stock: |
35.55% |
|
Tender Option Bonds: |
3.77% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
39.89%* |
|
Average Effective Maturity: |
6.55 Years |
|
Effective Duration: |
5.77 Years |
|
Total Net Assets: |
$205.65 Million** |
|
Common Stock Net Asset Value: |
$15.56 |
|
Number of Holdings: |
69 |
|
Portfolio Turnover: |
32% |
* The total percentage of leverage constitutes 3.77% through the use of tender option bonds, 35.55% in issued and outstanding preferred stock and 0.57% 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.
Related Links
http://www.alliancebernstein.com
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