Alliance California Municipal Income Fund Releases Monthly Portfolio Update
Apr 23, 2013, 04:06 ET
NEW YORK, April 23, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of March 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 |
4.51% |
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| 2) San Francisco City/Cnty CA Pub Util Wtr |
4.38% |
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| Series 2012C 5.00%, 11/01/26 |
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| 3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.82% |
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| Angeles Cnty Ca Mta Sales Tax) 5.00%, |
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| 7/01/25 |
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| 4) California Pub Wks Brd (Univ Of California |
3.54% |
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| Lease) Series 2011A 5.25%, 12/01/26 |
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| 5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca |
3.19% |
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| Cra Grand Ctrl) AMBAC Series 02 5.375%, |
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| 12/01/26 |
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| 6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.13% |
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| 7) Port of Oakland CA Series 2012P 5.00%, |
2.86% |
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| 5/01/29 |
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| 8) Puerto Rico Sales Tax Fin Corp. Series 2011A |
2.85% |
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| 5.00%, 8/01/43 |
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| 9) Clovis CA USD GO Series 2012A 5.00%, |
2.44% |
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| 8/01/28 |
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| 10) San Diego Cnty CA Regl Trnsp Commn Series |
2.42% |
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| 2012A 5.00%, 4/01/28 |
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| Sector/Industry Breakdown |
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| Portfolio % |
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| Revenue |
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| Water & Sewer |
15.17% |
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| Electric Utility |
8.01% |
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| Port |
5.99% |
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| Revenue - Miscellaneous |
5.77% |
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| Higher Education - Public |
3.54% |
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| Airport |
2.59% |
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| Higher Education - Private |
2.39% |
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| Primary/Secondary Ed. - Private |
1.62% |
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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 |
46.62% |
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| Tax Supported |
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| Special Tax |
21.96% |
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| Local G.O. |
10.02% |
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| Tax-Supported Local Lease |
3.45% |
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| State G.O. |
2.98% |
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| Assessment District |
2.01% |
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| Tax-Supported State Lease |
1.78% |
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| SUBTOTAL |
42.20% |
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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 |
2.76% |
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| SUBTOTAL |
2.76% |
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| Prerefunded/ETM |
1.82% |
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| Total |
100.00% |
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| State Breakdown |
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| Portfolio % |
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| California |
93.34% |
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| Puerto Rico |
4.40% |
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| Guam |
1.04% |
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| Nevada |
1.03% |
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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 |
15.05% |
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| AA |
51.61% |
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| A |
20.98% |
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| BBB |
5.93% |
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| BB |
1.45% |
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| Not Rated |
3.16% |
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| Pre-refunded Bonds |
1.82% |
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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 |
1.31% |
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| 1 to 5 years |
1.79% |
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| 5 to 10 years |
7.11% |
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| 10 to 20 years |
77.90% |
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| 20 to 30 years |
8.86% |
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| More than 30 years |
3.03% |
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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: |
5.46% |
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| Percentage of Leverage: |
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| Bank Borrowing: |
0.00% |
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| Investment Operations: |
1.23% |
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| Preferred Stock: |
36.25% |
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| Tender Option Bonds: |
4.22% |
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| Term Asset-Backed Loans Facility (TALF): |
0.00% |
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| Total Fund Leverage: |
41.70%* |
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| Average Effective Maturity: |
6.76 Years |
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| Effective Duration: |
5.60 Years |
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| Total Net Assets: |
$200.16 Million** |
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| Common Stock Net Asset Value: |
$14.92 |
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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 4.22% through the use of tender option bonds, 36.25% in issued and outstanding preferred stock and 1.23% 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.