Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, May 23, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of April 30, 2014.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Univ of California Series 2012G 5.00%, 5/15/31 |
4.34% |
2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.75% |
3) California Pub Wks Brd Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.60% |
4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32 |
3.42% |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 |
3.22% |
6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 |
3.07% |
7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32 |
2.77% |
8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 |
2.68% |
9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 |
2.58% |
10) San Diego CA Wtr 5.00%, 5/01/31 |
2.37% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
12.84% |
Revenue - Miscellaneous |
7.12% |
Electric Utility |
5.86% |
Higher Education - Public |
4.34% |
Port |
3.07% |
Toll Roads/Transit |
2.68% |
Higher Education - Private |
2.36% |
Airport |
1.74% |
Primary/Secondary Ed. - Private |
1.39% |
Health Care - Not-for-Profit |
1.35% |
Industrial Development - Utility |
0.18% |
SUBTOTAL |
42.93% |
Tax Supported |
|
Special Tax |
19.88% |
Local G.O. |
13.72% |
Tax-Supported Local Lease |
2.67% |
Assessment District |
1.97% |
Tax-Supported State Lease |
1.75% |
State G.O. |
1.54% |
SUBTOTAL |
41.53% |
Cash Equivalents |
|
Investment Companies |
4.87% |
SUBTOTAL |
4.87% |
Prerefunded/ETM |
4.60% |
Insured/Guaranteed |
|
Insured |
3.33% |
SUBTOTAL |
3.33% |
Asset-Backed |
|
Housing - Multi-Family |
2.74% |
SUBTOTAL |
2.74% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
90.27% |
Puerto Rico |
2.68% |
Guam |
1.01% |
Nevada |
0.99% |
Ohio |
0.18% |
Other |
4.87% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
10.42% |
AA |
54.31% |
A |
16.52% |
BBB |
4.28% |
BB |
2.09% |
Not Rated |
2.91% |
Pre-refunded Bonds |
4.60% |
Short Term Investments |
4.87% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
5.87% |
1 to 5 years |
1.22% |
5 to 10 years |
12.69% |
10 to 20 years |
66.43% |
20 to 30 years |
13.79% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
9.90% |
Average Coupon: |
5.26% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
37.03% |
Tender Option Bonds: |
3.92% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
39.20%* |
Average Effective Maturity: |
6.44 Years |
Effective Duration: |
5.50 Years |
Total Net Assets: |
$195.92 Million** |
Common Stock Net Asset Value: |
$14.42 |
Number of Holdings: |
70 |
Portfolio Turnover: |
25% |
* The total percentage of leverage constitutes 2.17% through the use of tender option bonds, 37.03% 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.
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