Alliance California Municipal Income Fund Releases Monthly Portfolio Update

26 Jan, 2016, 15:39 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, Jan. 26, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of December 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 (Los Angeles County Metropolitan Transportation Authority Sales Tax)  Series 2009 5.00%, 7/01/25

3.62%


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

3.50%


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

3.48%


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

3.18%


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

2.98%


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

2.90%


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

2.80%


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

2.66%


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

2.66%








Sector/Industry Breakdown

Portfolio %


Revenue



Revenue - Miscellaneous

9.72%


Water & Sewer

9.35%


Toll Roads/Transit

7.48%


Electric Utility

5.02%


Higher Education - Public

4.47%


Health Care - Not-for-Profit

3.63%


Port

3.04%


Primary/Secondary Ed. - Public

2.65%


Higher Education - Private

2.10%


Airport

1.72%


Senior Living

1.63%


Primary/Secondary Ed. - Private

1.38%


SUBTOTAL

52.19%


Tax Supported



Special Tax

15.60%


Local G.O.

11.56%


Tax-Supported Local Lease

5.20%


Assessment District

2.28%


State G.O.

1.14%


SUBTOTAL

35.78%


Prerefunded/ETM

6.00%


Insured/Guaranteed



Insured

3.15%


SUBTOTAL

3.15%


Asset-Backed



Housing - Multi-Family

2.64%


SUBTOTAL

2.64%


Cash Equivalents



Investment Companies

0.24%


SUBTOTAL

0.24%


Total

100.00%





State Breakdown

Portfolio %


California

91.47%


New York

2.66%


Florida

1.43%


Guam

1.04%


Nevada

0.94%


Minnesota

0.60%


Indiana

0.54%


Pennsylvania

0.52%


Missouri

0.51%


Ohio

0.05%


Other

0.24%


Total Investments

100.00%





Credit Quality Breakdown

Portfolio %


AAA

12.44%


AA

57.17%


A

10.06%


BBB

10.96%


B

1.33%


Not Rated

1.80%


Pre-refunded Bonds

6.00%


Short Term Investments

0.24%


Total Investments

100.00%





Bonds By Maturity

Portfolio %


Less than 1 year

0.24%


1 to 5 years

0.94%


5 to 10 years

8.43%


10 to 20 years

71.01%


20 to 30 years

19.38%


More than 30 years

0.00%


Other

0.00%


Total Investments

100.00%





Portfolio Statistics:



AMT Percentage:

7.93%


Average Coupon:

5.38%


Percentage of Leverage:



Bank Borrowing:

0.00%


Investment Operations:

0.60%


Auction Preferred Shares (APS):

15.04%


Tender Option Bonds:

4.28%


Variable Rate MuniFund Term Preferred Shares (VMTPs):

20.20%


Total Fund Leverage:

40.12%*


Average Effective Maturity:

6.20 Years


Effective Duration:

5.50 Years


Total Net Assets:

$161.87 Million**


Common Stock Net Asset Value:

$15.43


Number of Holdings:

75


Portfolio Turnover:

18%





* The total percentage of leverage constitutes 4.28% through the use



of tender option bonds, 15.04% in issued and outstanding APS,



20.20% in issued and outstanding VMTPs and 0.60% 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 $29,875,000 of APS at liquidation value.



The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which


is not included in Total Net Assets because it is treated as a liability for financial reporting purposes.




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.