Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 28, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.(NYSE: AKP) (the "Fund") today released its monthly portfolio update as of August 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 |
4.45% |
2) Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25 |
3.72% |
3) California State Public Works Board Series 2011G 5.25%, 12/01/26 (Prerefunded/ETM) |
3.54% |
4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.44% |
5) Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26 |
3.23% |
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
3.06% |
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 |
2.71% |
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.60% |
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.60% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
10.15% |
Revenue - Miscellaneous |
9.71% |
Toll Roads/Transit |
8.73% |
Electric Utility |
4.49% |
Higher Education - Public |
4.45% |
Health Care - Not-for-Profit |
3.60% |
Port |
3.06% |
Higher Education - Private |
2.23% |
Airport |
1.75% |
Primary/Secondary Ed. - Private |
1.40% |
Primary/Secondary Ed. - Public |
0.87% |
Industrial Development - Utility |
0.14% |
SUBTOTAL |
50.58% |
Tax Supported |
|
Special Tax |
15.73% |
Local G.O. |
11.54% |
Tax-Supported Local Lease |
4.59% |
Assessment District |
2.31% |
Tax-Supported State Lease |
1.71% |
State G.O. |
1.13% |
SUBTOTAL |
37.01% |
Prerefunded/ETM |
6.12% |
Insured/Guaranteed |
|
Insured |
3.24% |
SUBTOTAL |
3.24% |
Asset-Backed |
|
Housing - Multi-Family |
2.69% |
SUBTOTAL |
2.69% |
Cash Equivalents |
|
Investment Companies |
0.36% |
SUBTOTAL |
0.36% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
89.90% |
New York |
2.60% |
Florida |
1.42% |
New Jersey |
1.42% |
Guam |
1.04% |
Nevada |
0.97% |
Minnesota |
0.60% |
Indiana |
0.53% |
Missouri |
0.51% |
Pennsylvania |
0.51% |
Ohio |
0.14% |
Other |
0.36% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
10.32% |
AA |
57.37% |
A |
13.40% |
BBB |
9.14% |
B |
1.37% |
Not Rated |
1.92% |
Pre-refunded Bonds |
6.12% |
Short Term Investments |
0.36% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.36% |
1 to 5 years |
0.97% |
5 to 10 years |
8.73% |
10 to 20 years |
75.19% |
20 to 30 years |
14.75% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.77% |
Average Coupon: |
1.47% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.19% |
Preferred Stock: |
36.76% |
Tender Option Bonds: |
4.30% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
41.25%* |
Average Effective Maturity: |
6.15 Years |
Effective Duration: |
5.46 Years |
Total Net Assets: |
$198.62 Million** |
Common Stock Net Asset Value: |
$14.74 |
Number of Holdings: |
73 |
Portfolio Turnover: |
32% |
* The total percentage of leverage constitutes 4.30% through the use |
|
of tender option bonds, 36.76% in issued and outstanding preferred |
|
stock and 0.19% 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 |
SOURCE Alliance California Municipal Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
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