Alliance California Municipal Income Fund
RELEASES MONTHLY PORTFOLIO UPDATE
NEW YORK, Sept. 26, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of August 31, 2016.
| Alliance California Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) University of California Series 2012G 5.00%, 5/15/31 |
4.51% |
| 2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.55% |
| 3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.50% |
| 4) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 |
3.11% |
| 5) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 |
2.93% |
| 6) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.91% |
| 7) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.90% |
| 8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.81% |
| 9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.72% |
| 10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.65% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Revenue - Miscellaneous |
9.75% |
| Water & Sewer |
9.46% |
| Toll Roads/Transit |
7.65% |
| Higher Education - Public |
4.51% |
| Electric Utility |
4.46% |
| Health Care - Not-for-Profit |
3.72% |
| Port |
2.90% |
| Primary/Secondary Ed. - Public |
2.61% |
| Senior Living |
1.69% |
| Higher Education - Private |
1.68% |
| Airport |
1.66% |
| Primary/Secondary Ed. - Private |
1.45% |
| SUBTOTAL |
51.54% |
| Tax Supported |
|
| Special Tax |
15.12% |
| Local G.O. |
13.14% |
| Tax-Supported Local Lease |
8.21% |
| Assessment District |
2.63% |
| State G.O. |
1.15% |
| SUBTOTAL |
40.25% |
| Prerefunded/ETM |
5.49% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.56% |
| SUBTOTAL |
2.56% |
| Cash Equivalents |
|
| Investment Companies |
0.16% |
| SUBTOTAL |
0.16% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| California |
90.92% |
| New York |
2.72% |
| Florida |
2.04% |
| Guam |
1.05% |
| Nevada |
0.86% |
| Minnesota |
0.61% |
| Pennsylvania |
0.55% |
| Indiana |
0.54% |
| Missouri |
0.54% |
| Ohio |
0.01% |
| Other |
0.16% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
11.77% |
| AA |
57.73% |
| A |
11.19% |
| BBB |
10.57% |
| B |
1.28% |
| Not Rated |
1.81% |
| Pre-refunded Bonds |
5.49% |
| Short Term Investments |
0.16% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
0.16% |
| 1 to 5 years |
2.13% |
| 5 to 10 years |
6.69% |
| 10 to 20 years |
72.85% |
| 20 to 30 years |
18.17% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
8.55% |
| Average Coupon: |
5.17% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Auction Preferred Shares (APS): |
14.49% |
| Tender Option Bonds: |
3.87% |
| Variable Rate MuniFund Term Preferred Shares (VMTPs): |
19.46% |
| Total Fund Leverage: |
37.82%* |
| Average Effective Maturity: |
6.47 Years |
| Effective Duration: |
5.14 Years |
| Total Net Assets: |
$168.56 Million** |
| Common Stock Net Asset Value: |
$16.21 |
| Number of Holdings: |
74 |
| Portfolio Turnover: |
18% |
* The total percentage of leverage constitutes 3.87% through the use of tender option bonds, 14.49% in issued and outstanding APS, 19.46% in issued and outstanding VMTPs 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 $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.
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