Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Aug 21, 2015, 16:06 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, Aug. 21, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of July 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

4.49%

2) Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25

3.73%

3) California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM)

3.57%

4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32

3.46%

5) Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26

3.25%

6) Port of Los Angeles Series 2009C 5.00%, 8/01/26

3.09%

7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32

2.87%

8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33

2.72%

9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32

2.63%

10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32

2.61%

Sector/Industry Breakdown

Portfolio %

Revenue

Water & Sewer

10.17%

Revenue - Miscellaneous

9.75%

Toll Roads/Transit

8.80%

Electric Utility

4.51%

Higher Education - Public

4.49%

Port

3.09%

Health Care - Not-for-Profit

3.00%

Higher Education - Private

2.25%

Airport

1.76%

Primary/Secondary Ed. - Private

1.41%

Primary/Secondary Ed. - Public

0.88%

Industrial Development - Utility

0.14%

SUBTOTAL

50.25%

Tax Supported

Special Tax

15.83%

Local G.O.

11.59%

Tax-Supported Local Lease

4.60%

Assessment District

2.32%

Tax-Supported State Lease

1.72%

State G.O.

1.13%

SUBTOTAL

37.19%

Prerefunded/ETM

6.17%

Insured/Guaranteed

Insured

3.26%

SUBTOTAL

3.26%

Asset-Backed

Housing - Multi-Family

2.71%

SUBTOTAL

2.71%

Cash Equivalents

Investment Companies

0.42%

SUBTOTAL

0.42%

Total

100.00%

State Breakdown

Portfolio %

California

90.35%

New York

2.63%

New Jersey

1.44%

Florida

1.42%

Guam

1.05%

Nevada

0.99%

Indiana

0.53%

Missouri

0.52%

Pennsylvania

0.51%

Ohio

0.14%

Other

0.42%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

10.37%

AA

57.71%

A

11.53%

BBB

10.51%

B

1.37%

Not Rated

1.92%

Pre-refunded Bonds

6.17%

Short Term Investments

0.42%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

0.42%

1 to 5 years

3.59%

5 to 10 years

11.90%

10 to 20 years

69.27%

20 to 30 years

14.82%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

8.74%

Average Coupon:

5.20%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.92%

Tender Option Bonds:

4.33%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.25%*

Average Effective Maturity:

6.17 Years

Effective Duration:

5.46 Years

Total Net Assets:

$198.82 Million**

Common Stock Net Asset Value:

$14.76

Number of Holdings:

72

Portfolio Turnover:

32%

* The total percentage of leverage constitutes 4.33% through the use of tender option bonds, 36.92% 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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