Alliance California Municipal Income Fund Releases Monthly Portfolio Update
Apr 23, 2013, 16:06 ET from Alliance California Municipal Income Fund, Inc.
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. | |||||
Top 10 Fixed-Income Holdings |
|||||
Portfolio % | |||||
1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.51% | ||||
2) San Francisco City/Cnty CA Pub Util Wtr |
4.38% | ||||
Series 2012C 5.00%, 11/01/26 |
|||||
3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.82% | ||||
Angeles Cnty Ca Mta Sales Tax) 5.00%, |
|||||
7/01/25 |
|||||
4) California Pub Wks Brd (Univ Of California |
3.54% | ||||
Lease) Series 2011A 5.25%, 12/01/26 |
|||||
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca |
3.19% | ||||
Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|||||
12/01/26 |
|||||
6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.13% | ||||
7) Port of Oakland CA Series 2012P 5.00%, |
2.86% | ||||
5/01/29 |
|||||
8) Puerto Rico Sales Tax Fin Corp. Series 2011A |
2.85% | ||||
5.00%, 8/01/43 |
|||||
9) Clovis CA USD GO Series 2012A 5.00%, |
2.44% | ||||
8/01/28 |
|||||
10) San Diego Cnty CA Regl Trnsp Commn Series |
2.42% | ||||
2012A 5.00%, 4/01/28 |
|||||
Sector/Industry Breakdown |
|||||
Portfolio % | |||||
Revenue |
|||||
Water & Sewer |
15.17% | ||||
Electric Utility |
8.01% | ||||
Port |
5.99% | ||||
Revenue - Miscellaneous |
5.77% | ||||
Higher Education - Public |
3.54% | ||||
Airport |
2.59% | ||||
Higher Education - Private |
2.39% | ||||
Primary/Secondary Ed. - Private |
1.62% | ||||
Health Care - Not-for-Profit |
1.35% | ||||
Industrial Development - Utility |
0.19% | ||||
SUBTOTAL |
46.62% | ||||
Tax Supported |
|||||
Special Tax |
21.96% | ||||
Local G.O. |
10.02% | ||||
Tax-Supported Local Lease |
3.45% | ||||
State G.O. |
2.98% | ||||
Assessment District |
2.01% | ||||
Tax-Supported State Lease |
1.78% | ||||
SUBTOTAL |
42.20% | ||||
Insured/Guaranteed |
|||||
Insured |
6.60% | ||||
SUBTOTAL |
6.60% | ||||
Asset-Backed |
|||||
Housing - Multi-Family |
2.76% | ||||
SUBTOTAL |
2.76% | ||||
Prerefunded/ETM |
1.82% | ||||
Total |
100.00% | ||||
State Breakdown |
|||||
Portfolio % | |||||
California |
93.34% | ||||
Puerto Rico |
4.40% | ||||
Guam |
1.04% | ||||
Nevada |
1.03% | ||||
Ohio |
0.19% | ||||
Total Investments |
100.00% | ||||
Credit Quality Breakdown |
|||||
Portfolio % | |||||
AAA |
15.05% | ||||
AA |
51.61% | ||||
A |
20.98% | ||||
BBB |
5.93% | ||||
BB |
1.45% | ||||
Not Rated |
3.16% | ||||
Pre-refunded Bonds |
1.82% | ||||
Total Investments |
100.00% | ||||
Bonds By Maturity |
|||||
Portfolio % | |||||
Less than 1 year |
1.31% | ||||
1 to 5 years |
1.79% | ||||
5 to 10 years |
7.11% | ||||
10 to 20 years |
77.90% | ||||
20 to 30 years |
8.86% | ||||
More than 30 years |
3.03% | ||||
Other |
0.00% | ||||
Total Investments |
100.00% | ||||
Portfolio Statistics: |
|||||
AMT Percentage: |
13.54% | ||||
Average Coupon: |
5.46% | ||||
Percentage of Leverage: |
|||||
Bank Borrowing: |
0.00% | ||||
Investment Operations: |
1.23% | ||||
Preferred Stock: |
36.25% | ||||
Tender Option Bonds: |
4.22% | ||||
Term Asset-Backed Loans Facility (TALF): |
0.00% | ||||
Total Fund Leverage: |
41.70%* | ||||
Average Effective Maturity: |
6.76 Years | ||||
Effective Duration: |
5.60 Years | ||||
Total Net Assets: |
$200.16 Million** | ||||
Common Stock Net Asset Value: |
$14.92 | ||||
Number of Holdings: |
78 | ||||
Portfolio Turnover: |
46% |
* 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.
Share this article