Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 27, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of October 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 |
4.33% |
| 2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
4.31% |
| 3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty CA Mta Sales Tax) 5.00%, 7/01/25 |
3.68% |
| 4) California Pub Wks Brd (Univ of California Lease) Series 2011A 5.25%, 12/01/26 |
3.39% |
| 5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA CRA Grand Ctrl) AMBAC Series 02 .375%, 12/01/26 |
3.07% |
| 6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
2.99% |
| 7) Puerto Rico Sales Tax Fin Corp. Series 2011A 5.00%, 8/01/43 |
2.86% |
| 8) Port of Oakland CA Series 2012P 5.00%, 5/01/29 |
2.80% |
| 9) Clovis CA USD GO Series 2012A 5.00%, 8/01/28 |
2.42% |
| 10) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.40% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
15.58% |
| Port |
7.84% |
| Electric Utility |
7.73% |
| Revenue - Miscellaneous |
3.94% |
| Higher Education - Public |
3.39% |
| Health Care - Not-for-Profit |
3.14% |
| Airport |
2.52% |
| Higher Education - Private |
2.31% |
| Primary/Secondary Ed. - Private |
1.48% |
| Industrial Development - Utility |
0.19% |
| SUBTOTAL |
48.12% |
| Tax Supported |
|
| Special Tax |
21.46% |
| Local G.O. |
9.79% |
| Tax-Supported Local Lease |
3.34% |
| State G.O. |
2.08% |
| Assessment District |
1.97% |
| Tax-Supported State Lease |
1.70% |
| SUBTOTAL |
40.34% |
| Insured/Guaranteed |
|
| Insured |
6.35% |
| SUBTOTAL |
6.35% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.68% |
| SUBTOTAL |
2.68% |
| Prerefunded/ETM |
2.51% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| California |
93.40% |
| Puerto Rico |
4.39% |
| Nevada |
1.02% |
| Guam |
1.00% |
| Ohio |
0.19% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
14.61% |
| AA |
52.43% |
| A |
23.40% |
| BBB |
4.08% |
| Not Rated |
2.97% |
| Pre-refunded Bonds |
2.51% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
14.18% |
| Average Coupon: |
5.60% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
4.87% |
| Preferred Stock: |
36.05% |
| Tender Option Bonds: |
4.20% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
45.12%* |
| Average Effective Maturity: |
6.40 Years |
| Effective Duration: |
5.70 Years |
| Total Net Assets: |
$201.26 Million** |
| Common Stock Net Asset Value: |
$15.05 |
| Number of Holdings: |
81 |
| Portfolio Turnover: |
14% |
* The total percentage of leverage constitutes 4.20% through the use of tender option bonds, 36.05% in issued and outstanding preferred stock and 4.87% 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article