Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 27, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of May 31, 2014.
| Alliance California Municipal Income Fund, Inc. | |
| Top 10 Fixed-Income Holdings | Portfolio % |
| 1) Univ of California Series 2012G 5.00%, 5/15/31 |
4.39% |
| 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 |
3.43% |
| 5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA CRA Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 |
3.20% |
| 6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 |
3.13% |
| 7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32 |
2.80% |
| 8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 |
2.70% |
| 9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 |
2.59% |
| 10) San Diego CA Wtr 5.00%, 5/01/31 |
2.40% |
| Sector/Industry Breakdown | Portfolio % |
| Revenue |
|
| Water & Sewer |
14.58% |
| Revenue - Miscellaneous |
7.16% |
| Electric Utility |
5.90% |
| Higher Education - Public |
4.39% |
| Port |
3.13% |
| Toll Roads/Transit |
2.70% |
| Higher Education - Private |
2.36% |
| Airport |
1.74% |
| Primary/Secondary Ed. - Private |
1.40% |
| Health Care - Not-for-Profit |
1.34% |
| Industrial Development - Utility |
0.19% |
| SUBTOTAL |
44.89% |
| Tax Supported |
|
| Special Tax |
20.02% |
| Local G.O. |
13.60% |
| Tax-Supported Local Lease |
3.35% |
| Assessment District |
1.96% |
| Tax-Supported State Lease |
1.74% |
| State G.O. |
1.56% |
| SUBTOTAL |
42.23% |
| Prerefunded/ETM |
4.83% |
| Insured/Guaranteed |
|
| Insured |
3.31% |
| SUBTOTAL |
3.31% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.71% |
| SUBTOTAL |
2.71% |
| Cash Equivalents |
|
| Investment Companies |
2.03% |
| SUBTOTAL |
2.03% |
| Total |
100.00% |
| State Breakdown | |
| Portfolio % | |
| California |
92.96% |
| Puerto Rico |
2.81% |
| Guam |
1.02% |
| Nevada |
0.99% |
| Ohio |
0.19% |
| Other |
2.03% |
| Total Investments |
100.00% |
| Credit Quality Breakdown | |
| Portfolio % | |
| AAA |
12.10% |
| AA |
55.05% |
| A |
16.69% |
| BBB |
4.30% |
| BB |
2.08% |
| Not Rated |
2.92% |
| Pre-refunded Bonds |
4.83% |
| Short Term Investments |
2.03% |
| Total Investments |
100.00% |
| Bonds By Maturity | |
| Portfolio % | |
| Less than 1 year |
3.01% |
| 1 to 5 years |
1.47% |
| 5 to 10 years |
12.66% |
| 10 to 20 years |
68.86% |
| 20 to 30 years |
14.00% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: | |
| AMT Percentage: |
9.68% |
| Average Coupon: |
5.33% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
36.56% |
| Tender Option Bonds: |
3.87% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
40.43%* |
| Average Effective Maturity: |
6.64 Years |
| Effective Duration: |
5.63 Years |
| Total Net Assets: |
$198.43 Million** |
| Common Stock Net Asset Value: |
$14.72 |
| Number of Holdings: |
72 |
| Portfolio Turnover: |
25% |
| * The total percentage of leverage constitutes 3.87% through the use of tender option bonds, 36.56% 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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