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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