Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 26, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of November 30, 2013.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) Univ of California Series 2012G 5.00%, 5/15/31 |
4.10% |
2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.67% |
3) California Pub Wks Brd Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.52% |
4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32 |
3.21% |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 |
3.19% |
6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 |
2.94% |
7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32 |
2.63% |
8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 |
2.53% |
9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 |
2.44% |
10) Coast CA CCD GO AGM 5.00%, 8/21/24 |
2.32% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Revenue |
|
Water & Sewer |
13.82% |
Revenue - Miscellaneous |
8.48% |
Electric Utility |
7.44% |
Higher Education - Public |
4.10% |
Port |
2.94% |
Toll Roads/Transit |
2.53% |
Airport |
2.44% |
Higher Education - Private |
2.28% |
Primary/Secondary Ed. - Private |
1.35% |
Health Care - Not-for-Profit |
1.33% |
Industrial Development - Utility |
0.18% |
SUBTOTAL |
46.89% |
Tax Supported |
|
Special Tax |
17.04% |
Local G.O. |
11.82% |
Tax-Supported Local Lease |
2.62% |
State G.O. |
2.02% |
Assessment District |
1.97% |
Tax-Supported State Lease |
1.73% |
SUBTOTAL |
37.20% |
Insured/Guaranteed |
|
Insured |
6.46% |
SUBTOTAL |
6.46% |
Prerefunded/ETM |
4.01% |
Asset-Backed |
|
Housing - Multi-Family |
2.72% |
SUBTOTAL |
2.72% |
Cash Equivalents |
|
Investment Companies |
2.72% |
SUBTOTAL |
2.72% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
California |
91.93% |
Puerto Rico |
3.24% |
Nevada |
1.00% |
Guam |
0.93% |
Ohio |
0.18% |
Other |
2.72% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
10.13% |
AA |
53.63% |
A |
20.08% |
BBB |
5.19% |
BB |
1.40% |
Not Rated |
2.84% |
Pre-refunded Bonds |
4.01% |
Short Term Investments |
2.72% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
3.21% |
1 to 5 years |
1.22% |
5 to 10 years |
16.20% |
10 to 20 years |
68.07% |
20 to 30 years |
11.30% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
10.96% |
Average Coupon: |
5.62% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
3.94% |
Preferred Stock: |
38.34% |
Tender Option Bonds: |
4.47% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
46.75%* |
Average Effective Maturity: |
7.27 Years |
Effective Duration: |
6.07 Years |
Total Net Assets: |
$189.21 Million** |
Common Stock Net Asset Value: |
$13.64 |
Number of Holdings: |
76 |
Portfolio Turnover: |
46% |
* The total percentage of leverage constitutes 4.47% through the use |
|
of tender option bonds, 38.34% in issued and outstanding preferred |
|
stock and 3.94% 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article