Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 30, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of June 30, 2013.
| Alliance California Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.42% |
| 2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
4.25% |
| 3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.81% |
| 4) California Pub Wks Brd (Univ Of California Lease) Series 2011A 5.25%, 12/01/26 |
3.43% |
| 5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
3.32% |
| 6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.08% |
| 7) Puerto Rico Sales Tax Fin Corp. Series 2011A 5.00%, 8/01/43 |
2.84% |
| 8) Port of Oakland CA Series 2012P 5.00%, 5/01/29 |
2.71% |
| 9) Clovis CA USD GO Series 2012A 5.00%, 8/01/28 |
2.43% |
| 10) Coast CA CCD GO AGM 5.00%, 8/21/24 |
2.42% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Water & Sewer |
14.86% |
| Electric Utility |
7.87% |
| Port |
5.80% |
| Revenue - Miscellaneous |
5.76% |
| Higher Education - Public |
3.43% |
| Airport |
2.59% |
| Higher Education - Private |
2.39% |
| Primary/Secondary Ed. - Private |
1.42% |
| Health Care - Not-for-Profit |
1.39% |
| Industrial Development - Utility |
0.20% |
| SUBTOTAL |
45.71% |
| Tax Supported |
|
| Special Tax |
21.93% |
| Local G.O. |
10.03% |
| Tax-Supported Local Lease |
3.47% |
| Assessment District |
2.06% |
| Tax-Supported State Lease |
1.81% |
| State G.O. |
1.48% |
| SUBTOTAL |
40.78% |
| Insured/Guaranteed |
|
| Insured |
8.34% |
| SUBTOTAL |
8.34% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.85% |
| SUBTOTAL |
2.85% |
| Cash Equivalents |
|
| Investment Companies |
1.75% |
| SUBTOTAL |
1.75% |
| Prerefunded/ETM |
0.57% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| California |
91.57% |
| Puerto Rico |
4.40% |
| Nevada |
1.05% |
| Guam |
1.03% |
| Ohio |
0.20% |
| Other |
1.75% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
16.69% |
| AA |
51.14% |
| A |
19.47% |
| BBB |
5.89% |
| BB |
1.49% |
| Not Rated |
3.00% |
| Pre-refunded Bonds |
0.57% |
| Short Term Investments |
1.75% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
2.32% |
| 1 to 5 years |
1.30% |
| 5 to 10 years |
7.07% |
| 10 to 20 years |
77.73% |
| 20 to 30 years |
8.72% |
| More than 30 years |
2.86% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
13.69% |
| Average Coupon: |
5.38% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
37.88% |
| Tender Option Bonds: |
4.41% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
42.29%* |
| Average Effective Maturity: |
7.05 Years |
| Effective Duration: |
5.84 Years |
| Total Net Assets: |
$191.52 Million** |
| Common Stock Net Asset Value: |
$13.91 |
| Number of Holdings: |
76 |
| Portfolio Turnover: |
46% |
* The total percentage of leverage constitutes 4.41% through the use of tender option bonds, 37.88% in issued and outstanding preferred stock and 0.00% 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