Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 29, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of September 30, 2013.
| Alliance California Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
|
| Portfolio % |
|
| 1) Los Angeles CA Wstwtr Sys Series 2010A 5.00%, 6/01/26 |
4.57% |
| 2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.92% |
| 3) California Pub Wks Brd (Univ Of California Lease) Series 2011G 5.25%, 12/01/26 |
3.52% |
| 4) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 |
3.43% |
| 5) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 |
3.16% |
| 6) San Diego CA USD GO Series 2013C 5.00%, 7/01/32 |
2.83% |
| 7) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 |
2.70% |
| 8) Coast CA CCD GO AGM 5.00%, 8/21/24 |
2.49% |
| 9) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.45% |
| 10) San Diego CA Wtr 5.00%, 5/01/31 |
2.41% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
13.36% |
| Electric Utility |
8.03% |
| Revenue - Miscellaneous |
5.88% |
| Higher Education - Public |
3.52% |
| Port |
3.16% |
| Toll Roads/Transit |
2.70% |
| Airport |
2.60% |
| Higher Education - Private |
2.45% |
| Primary/Secondary Ed. - Private |
1.46% |
| Health Care - Not-for-Profit |
1.43% |
| Industrial Development - Utility |
0.19% |
| SUBTOTAL |
44.78% |
| Tax Supported |
|
| Special Tax |
23.03% |
| Local G.O. |
12.67% |
| Tax-Supported Local Lease |
2.80% |
| Assessment District |
2.11% |
| Tax-Supported State Lease |
1.86% |
| State G.O. |
1.31% |
| SUBTOTAL |
43.78% |
| Insured/Guaranteed |
|
| Insured |
6.97% |
| SUBTOTAL |
6.97% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.95% |
| SUBTOTAL |
2.95% |
| Cash Equivalents |
|
| Investment Companies |
0.99% |
| SUBTOTAL |
0.99% |
| Prerefunded/ETM |
0.53% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| California |
93.11% |
| Puerto Rico |
3.63% |
| Nevada |
1.07% |
| Guam |
1.01% |
| Ohio |
0.19% |
| Other |
0.99% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
15.58% |
| AA |
51.83% |
| A |
20.73% |
| BBB |
5.73% |
| BB |
1.54% |
| Not Rated |
3.07% |
| Pre-refunded Bonds |
0.53% |
| Short Term Investments |
0.99% |
| Total Investments |
100.00% |
| Bonds By Maturity |
|
| Portfolio % |
|
| Less than 1 year |
1.52% |
| 1 to 5 years |
1.32% |
| 5 to 10 years |
12.29% |
| 10 to 20 years |
72.54% |
| 20 to 30 years |
12.32% |
| More than 30 years |
0.01% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
13.63% |
| Average Coupon: |
5.34% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
1.00% |
| Preferred Stock: |
38.41% |
| Tender Option Bonds: |
4.47% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
43.88%* |
| Average Effective Maturity: |
6.81 Years |
| Effective Duration: |
5.65 Years |
| Total Net Assets: |
$188.89 Million** |
| Common Stock Net Asset Value: |
$13.60 |
| Number of Holdings: |
74 |
| Portfolio Turnover: |
46% |
* The total percentage of leverage constitutes 4.47% through the use of tender option bonds, 38.41% in issued and outstanding preferred stock and 1.00% 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.
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