Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 26, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2013.
Alliance California Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
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1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.55% |
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2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
4.46% |
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3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.78% |
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4) California Pub Wks Brd (Univ Of California Lease) Series 2011A 5.25%, 2/01/26 |
3.56% |
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5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
3.17% |
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6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.15% |
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7) Puerto Rico Sales Tax Fin Corp. Series 2011A 5.00%, 8/01/43 |
2.98% |
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8) Port of Oakland CA Series 2012P 5.00%, 5/01/29 |
2.88% |
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9) Clovis CA USD GO Series 2012A 5.00%, 8/01/28 |
2.50% |
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10) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.48% |
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Sector/Industry Breakdown |
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Portfolio % |
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Revenue |
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Water & Sewer |
15.36% |
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Electric Utility |
7.96% |
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Port |
6.02% |
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Revenue - Miscellaneous |
5.78% |
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Higher Education - Public |
3.56% |
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Airport |
2.58% |
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Higher Education - Private |
2.40% |
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Primary/Secondary Ed. - Private |
1.51% |
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Health Care - Not-for-Profit |
1.35% |
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Industrial Development - Utility |
0.19% |
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SUBTOTAL |
46.71% |
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Tax Supported |
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Special Tax |
22.19% |
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Local G.O. |
10.10% |
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Tax-Supported Local Lease |
3.44% |
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State G.O. |
2.11% |
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Assessment District |
2.02% |
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Tax-Supported State Lease |
1.77% |
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SUBTOTAL |
41.63% |
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Insured/Guaranteed |
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Insured |
6.60% |
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SUBTOTAL |
6.60% |
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Asset-Backed |
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Housing - Multi-Family |
2.75% |
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SUBTOTAL |
2.75% |
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Prerefunded/ETM |
2.31% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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California |
93.19% |
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Puerto Rico |
4.53% |
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Nevada |
1.05% |
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Guam |
1.04% |
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Ohio |
0.19% |
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Total Investments |
100.00% |
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Credit Quality Breakdown |
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Portfolio % |
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AAA |
15.11% |
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AA |
51.95% |
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A |
20.21% |
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BBB |
5.92% |
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BB |
1.45% |
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Not Rated |
3.05% |
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Pre-refunded Bonds |
2.31% |
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Total Investments |
100.00% |
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Bonds By Maturity |
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Portfolio % |
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Less than 1 year |
1.80% |
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1 to 5 years |
0.76% |
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5 to 10 years |
8.15% |
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10 to 20 years |
77.38% |
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20 to 30 years |
8.78% |
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More than 30 years |
3.13% |
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Other |
0.00% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
13.54% |
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Average Coupon: |
0.00% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.89% |
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Preferred Stock: |
35.96% |
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Tender Option Bonds: |
4.19% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
41.04%* |
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Average Effective Maturity: |
6.19 Years |
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Effective Duration: |
5.51 Years |
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Total Net Assets: |
$201.77 Million** |
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Common Stock Net Asset Value: |
$15.11 |
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Number of Holdings: |
78 |
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Portfolio Turnover: |
46% |
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* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 35.96% in issued and outstanding preferred stock and 0.89% 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. |
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** Includes 72,550,000 of preferred stock at liquidation value. |
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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. |
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SOURCE Alliance California Municipal Income Fund, Inc.
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