Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 25, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 31, 2011.
| Alliance California Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
|
|
|
Portfolio % |
| 1) Los Angeles CA USD GO NPFGC Series 02E |
5.08% |
| 5.125%, 1/01/27 (Prerefunded/ETM) |
|
| 2) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.51% |
| 3) California GO 5.25%, 4/01/30 |
4.43% |
| (Prerefunded/ETM) |
|
| 4) Palo Alto CA Univ Ave AD Series 02A 5.875%, |
4.01% |
| 9/02/30 |
|
| 5) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.80% |
| Angeles Cnty CA Mta Sales Tax) 5.00%, |
|
| 7/01/25 |
|
| 6) California Pub Wks Brd (Univ of California |
3.43% |
| Lease) Series 2011A 5.25%, 12/01/26 |
|
| 7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA |
3.29% |
| Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|
| 12/01/26 |
|
| 8) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.28% |
| 5.375%, 7/01/36 (Prerefunded/ETM) |
|
| 9) California Infra & Eco Dev Bk (YMCA of Metro |
3.15% |
| Los Angeles) AMBAC Series 01 5.25%, 2/01/32 |
|
| 10) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.10% |
|
|
|
| Sector/Industry Breakdown |
|
|
|
Portfolio % |
| Revenue |
|
| Electric Utility |
7.77% |
| Water & Sewer |
7.17% |
| Revenue - Miscellaneous |
6.13% |
| Port |
5.32% |
| Health Care - Not-for-Profit |
4.27% |
| Higher Education - Public |
3.43% |
| Airport |
2.96% |
| Toll Roads/Transit |
2.03% |
| Higher Education - Private |
1.74% |
| Primary/Secondary Ed. - Private |
1.34% |
| Industrial Development - Utility |
0.20% |
| SUBTOTAL |
42.36% |
| Tax Supported |
|
| Special Tax |
10.69% |
| Assessment District |
6.61% |
| Tax-Supported Local Lease |
4.42% |
| Local G.O. |
3.60% |
| State G.O. |
2.25% |
| Tax-Supported State Lease |
1.76% |
| SUBTOTAL |
29.33% |
| Prerefunded/ETM |
18.67% |
| Insured/Guaranteed |
|
| Insured |
6.69% |
| SUBTOTAL |
6.69% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.88% |
| SUBTOTAL |
2.88% |
| Cash Equivalents |
|
| Investment Companies |
0.07% |
| SUBTOTAL |
0.07% |
| Total |
100.00% |
|
|
|
| State Breakdown |
|
|
|
Portfolio % |
| California |
91.76% |
| Puerto Rico |
6.87% |
| Nevada |
1.10% |
| Ohio |
0.20% |
| Other |
0.07% |
| Total Investments |
100.00% |
|
|
|
| Credit Quality Breakdown |
|
|
|
Portfolio % |
| AAA |
10.49% |
| AA |
38.71% |
| A |
19.37% |
| BBB |
9.79% |
| Not Rated |
2.90% |
| Pre-refunded Bonds |
18.67% |
| Short Term Investments |
0.07% |
| Total Investments |
100.00% |
|
|
|
| Portfolio Statistics: |
|
| AMT Percentage: |
13.73% |
| Average Coupon: |
5.47 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.32% |
| Preferred Stock: |
37.09% |
| Tender Option Bonds: |
4.32% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.73%* |
| Average Maturity: |
4.92 Years |
| Effective Duration: |
4.48 Years |
| Total Net Assets: |
$195.59 Million** |
| Common Stock Net Asset Value: |
$14.41 |
| Number of Holdings: |
74 |
* The total percentage of leverage constitutes 4.32% through the use of tender option bonds, 37.09% in issued and outstanding preferred stock and 0.32% 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.
Share this article