Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 29, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 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 |
4.52% |
2) San Francisco City/Cnty CA Pub Util Wtr |
4.46% |
Series 2012C 5.00%, 11/01/26 |
|
3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.80% |
Angeles Cnty Ca Mta Sales Tax) 5.00%, |
|
7/01/25 |
|
4) California Pub Wks Brd (Univ Of California |
3.52% |
Lease) Series 2011A 5.25%, 12/01/26 |
|
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca |
3.18% |
Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|
12/01/26 |
|
6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.16% |
7) Port of Oakland CA Series 2012P 5.00%, |
2.89% |
5/01/29 |
|
8) Puerto Rico Sales Tax Fin Corp. Series 2011A |
2.87% |
5.00%, 8/01/43 |
|
9) Clovis CA USD GO Series 2012A 5.00%, |
2.51% |
8/01/28 |
|
10) San Diego Cnty CA Regl Trnsp Commn Series |
2.48% |
2012A 5.00%, 4/01/28 |
Sector/Industry Breakdown |
|
Portfolio % |
|
Revenue |
|
Water & Sewer |
15.30% |
Electric Utility |
8.00% |
Port |
6.05% |
Revenue - Miscellaneous |
5.77% |
Higher Education - Public |
3.52% |
Airport |
2.59% |
Higher Education - Private |
2.39% |
Primary/Secondary Ed. - Private |
1.54% |
Health Care - Not-for-Profit |
1.34% |
Industrial Development - Utility |
0.19% |
SUBTOTAL |
46.69% |
Tax Supported |
|
Special Tax |
22.13% |
Local G.O. |
10.14% |
Tax-Supported Local Lease |
3.45% |
State G.O. |
2.09% |
Assessment District |
2.02% |
Tax-Supported State Lease |
1.77% |
SUBTOTAL |
41.60% |
Insured/Guaranteed |
|
Insured |
6.63% |
SUBTOTAL |
6.63% |
Asset-Backed |
|
Housing - Multi-Family |
2.76% |
SUBTOTAL |
2.76% |
Prerefunded/ETM |
2.32% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
California |
93.33% |
Puerto Rico |
4.40% |
Nevada |
1.05% |
Guam |
1.03% |
Ohio |
0.19% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
15.17% |
AA |
51.98% |
A |
20.14% |
BBB |
5.87% |
BB |
1.45% |
Not Rated |
3.07% |
Pre-refunded Bonds |
2.32% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
1.81% |
1 to 5 years |
0.76% |
5 to 10 years |
8.15% |
10 to 20 years |
77.49% |
20 to 30 years |
8.75% |
More than 30 years |
3.04% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
13.58% |
Average Coupon: |
5.39% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
1.01% |
Preferred Stock: |
36.01% |
Tender Option Bonds: |
4.19% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
41.21%* |
Average Effective Maturity: |
6.28 Years |
Effective Duration: |
5.71 Years |
Total Net Assets: |
$201.48 Million** |
Common Stock Net Asset Value: |
$15.07 |
Number of Holdings: |
78 |
Portfolio Turnover: |
46% |
* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 36.01% in issued and outstanding preferred stock and 1.01% 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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