Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 26, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of May 31, 2012.
| Alliance California Municipal Income Fund, Inc. |
||
| Top 10 Fixed-Income Holdings |
||
| Portfolio % |
||
| 1) Los Angeles CA USD GO NPFGC Series 02E 5.125%, 1/01/27 (Prerefunded/ETM) |
4.39% |
|
| 2) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.03% |
|
| 3) San Francisco CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
3.93% |
|
| 4) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty CA Mta Sales Tax) 5.00%, 7/01/25 |
3.48% |
|
| 5) Los Angeles CA GO Series 2012A 5.00%, 9/01/23 |
3.18% |
|
| 6) California Pub Wks Brd (Univ of California Lease) Series 2011A 5.25%, 12/01/26 |
3.11% |
|
| 7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
2.90% |
|
| 8) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
2.84% |
|
| 9) Puerto Rico Hwy & Trnsp Auth Series 02D 5.375%, 7/01/36 (Prerefunded/ETM) |
2.83% |
|
| 10) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.22% |
|
| Sector/Industry Breakdown |
||
| Portfolio % |
||
| Revenue |
||
| Water & Sewer |
15.69% |
|
| Electric Utility |
5.22% |
|
| Port |
4.81% |
|
| Revenue - Miscellaneous |
3.71% |
|
| Higher Education - Public |
3.11% |
|
| Health Care - Not-for-Profit |
2.99% |
|
| Higher Education - Private |
2.58% |
|
| Airport |
2.34% |
|
| Primary/Secondary Ed. - Private |
1.38% |
|
| Industrial Development - Utility |
0.18% |
|
| SUBTOTAL |
42.01% |
|
| Tax Supported |
||
| Special Tax |
13.85% |
|
| Local G.O. |
12.02% |
|
| Tax-Supported Local Lease |
3.94% |
|
| Assessment District |
2.30% |
|
| State G.O. |
2.00% |
|
| Tax-Supported State Lease |
1.58% |
|
| SUBTOTAL |
35.69% |
|
| Prerefunded/ETM |
11.32% |
|
| Insured/Guaranteed |
||
| Insured |
6.04% |
|
| SUBTOTAL |
6.04% |
|
| Asset-Backed |
||
| Housing - Multi-Family |
2.53% |
|
| SUBTOTAL |
2.53% |
|
| Cash Equivalents |
||
| Investment Companies |
2.41% |
|
| SUBTOTAL |
2.41% |
|
| Total |
100.00% |
|
| State Breakdown |
|
| Portfolio % |
|
| California |
90.47% |
| Puerto Rico |
5.98% |
| Nevada |
0.96% |
| Ohio |
0.18% |
| Other |
2.41% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
16.19% |
| AA |
49.49% |
| A |
14.44% |
| BBB |
3.36% |
| Not Rated |
2.79% |
| Pre-refunded Bonds |
11.32% |
| Short Term Investments |
2.41% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
13.86% |
| Average Coupon: |
5.89 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
9.39% |
| Preferred Stock: |
36.42% |
| Tender Option Bonds: |
4.24% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
50.05%* |
| Average Effective Maturity: |
5.96 Years |
| Effective Duration: |
5.20 Years |
| Total Net Assets: |
$199.21 Million** |
| Common Stock Net Asset Value: |
$14.83 |
| Number of Holdings: |
82 |
| Portfolio Turnover: |
14 |
* The total percentage of leverage constitutes 4.24% through the use of tender option bonds, 36.42% in issued and outstanding preferred stock and 9.39% 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