Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 29, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of July 31, 2012.
| Alliance California Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.47% |
| 2) San Francisco CA Pub Util Wtr Series 2012C |
4.39% |
| 5.00%, 11/01/26 |
|
| 3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.78% |
| Angeles Cnty Ca Mta Sales Tax) 5.00%, |
|
| 7/01/25 |
|
| 4) Los Angeles CA GO Series 2012A 5.00%, |
3.51% |
| 9/01/23 |
|
| 5) California Pub Wks Brd (Univ Of California |
3.45% |
| Lease) Series 2011A 5.25%, 12/01/26 |
|
| 6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca |
3.16% |
| Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|
| 12/01/26 |
|
| 7) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.10% |
| 8) San Diego Cnty CA Regl Trnsp Commn Series |
2.46% |
| 2012A 5.00%, 4/01/28 |
|
| 9) Coast CA CCD GO AGM Series 06B 5.00%, |
2.34% |
| 8/21/24 |
|
| 10) Southern CA Pub Pwr Auth (Los Angeles Ca Dept |
2.33% |
| W&p Pwr) 5.25%, 7/01/25 |
|
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Water & Sewer |
17.39% |
| Electric Utility |
5.75% |
| Port |
5.23% |
| Higher Education - Public |
4.61% |
| Revenue - Miscellaneous |
4.06% |
| Health Care - Not-for-Profit |
3.25% |
| Airport |
2.58% |
| Higher Education - Private |
2.38% |
| Primary/Secondary Ed. - Private |
1.52% |
| Industrial Development - Utility |
0.19% |
| SUBTOTAL |
46.96% |
| Tax Supported |
|
| Special Tax |
15.19% |
| Local G.O. |
13.26% |
| Tax-Supported Local Lease |
3.44% |
| Assessment District |
2.50% |
| State G.O. |
2.17% |
| Tax-Supported State Lease |
1.72% |
| SUBTOTAL |
38.28% |
| Insured/Guaranteed |
|
| Insured |
6.59% |
| SUBTOTAL |
6.59% |
| Cash Equivalents |
|
| Investment Companies |
2.80% |
| SUBTOTAL |
2.80% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.76% |
| SUBTOTAL |
2.76% |
| Prerefunded/ETM |
2.61% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| California |
94.36% |
| Puerto Rico |
1.60% |
| Nevada |
1.05% |
| Ohio |
0.19% |
| Other |
2.80% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
17.81% |
| AA |
52.99% |
| A |
17.08% |
| BBB |
3.67% |
| Not Rated |
3.04% |
| Pre-refunded Bonds |
2.61% |
| Short Term Investments |
2.80% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
13.95% |
| Average Coupon: |
5.29 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
36.06% |
| Tender Option Bonds: |
4.20% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
40.26%* |
| Average Effective Maturity: |
6.04 Years |
| Effective Duration: |
5.32 Years |
| Total Net Assets: |
$201.20 Million** |
| Common Stock Net Asset Value: |
$15.05 |
| Number of Holdings: |
77 |
| Portfolio Turnover: |
14 |
|
* The total percentage of leverage constitutes 4.20% through the use of tender option bonds, 36.06% in issued and outstanding preferred stock 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 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.
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