Alliance California Municipal Income Fund Releases Monthly Portfolio Update

23 Nov, 2015, 16:06 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, Nov. 23, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of October 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 (Los Angeles County Metropolitan Transportation Authority Sales Tax)  Series 2009 5.00%, 7/01/25

3.71%

3) California State Public Works Board Series 2011G 5.25%, 12/01/26 (Prerefunded/ETM)

3.56%

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

3.47%

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

3.22%

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

3.05%

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

2.89%

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

2.62%

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

Revenue - Miscellaneous

9.71%

Water & Sewer

9.30%

Toll Roads/Transit

8.75%

Higher Education - Public

4.49%

Electric Utility

4.48%

Health Care - Not-for-Profit

3.61%

Port

3.05%

Higher Education - Private

2.22%

Airport

1.74%

Primary/Secondary Ed. - Public

1.62%

Senior Living

1.62%

Primary/Secondary Ed. - Private

1.39%

Industrial Development - Utility

0.11%

SUBTOTAL

52.09%

Tax Supported

Special Tax

15.68%

Local G.O.

11.56%

Tax-Supported Local Lease

5.19%

Assessment District

2.31%

State G.O.

1.13%

SUBTOTAL

35.87%

Prerefunded/ETM

6.13%

Insured/Guaranteed

Insured

3.22%

SUBTOTAL

3.22%

Asset-Backed

Housing - Multi-Family

2.69%

SUBTOTAL

2.69%

Total

100.00%

State Breakdown

Portfolio %

California

90.26%

New York

2.62%

Florida

1.43%

New Jersey

1.42%

Guam

1.04%

Nevada

0.96%

Minnesota

0.60%

Indiana

0.53%

Pennsylvania

0.52%

Missouri

0.51%

Ohio

0.11%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

10.28%

AA

58.76%

A

11.70%

BBB

9.89%

B

1.36%

Not Rated

1.88%

Pre-refunded Bonds

6.13%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

0.00%

1 to 5 years

0.96%

5 to 10 years

8.80%

10 to 20 years

72.55%

20 to 30 years

17.69%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

8.80%

Average Coupon:

5.32%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

23.50%

Preferred Stock:

15.11%

Tender Option Bonds:

4.30%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

42.91%*

Average Effective Maturity:

6.29 Years

Effective Duration:

5.56 Years

Total Net Assets:

$159.49 Million**

Common Stock Net Asset Value:

$15.15

Number of Holdings:

73

Portfolio Turnover:

32%

* The total percentage of leverage constitutes 4.30% through the use

of tender option bonds, 15.11% in issued and outstanding preferred

stock and 23.50% 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