Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 23, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of January 31, 2015.
| Alliance California Municipal Income Fund, Inc. |
||
| Top 10 Fixed-Income Holdings |
Portfolio % |
|
| 1) |
University of California Series 2012G 5.00%, 5/15/31 |
4.47% |
| 2) |
Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25 |
3.67% |
| 3) |
California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.55% |
| 4) |
Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.47% |
| 5) |
Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26 |
3.13% |
| 6) |
Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
3.03% |
| 7) |
San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.85% |
| 8) |
Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.75% |
| 9) |
Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.67% |
| 10) |
City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.63% |
| Sector/Industry Breakdown |
Portfolio % |
|
| Revenue |
||
| Water & Sewer |
10.55% |
|
| Revenue - Miscellaneous |
9.22% |
|
| Toll Roads/Transit |
8.90% |
|
| Electric Utility |
5.05% |
|
| Higher Education - Public |
4.47% |
|
| Health Care - Not-for-Profit |
3.86% |
|
| Port |
3.03% |
|
| Airport |
1.73% |
|
| Primary/Secondary Ed. - Private |
1.38% |
|
| Higher Education - Private |
1.17% |
|
| Industrial Development - Utility |
0.20% |
|
| SUBTOTAL |
49.56% |
|
| Tax Supported |
||
| Special Tax |
15.90% |
|
| Local G.O. |
13.09% |
|
| Tax-Supported Local Lease |
4.62% |
|
| Assessment District |
2.33% |
|
| Tax-Supported State Lease |
1.70% |
|
| State G.O. |
1.13% |
|
| SUBTOTAL |
38.77% |
|
| Prerefunded/ETM |
5.82% |
|
| Insured/Guaranteed |
||
| Insured |
3.21% |
|
| SUBTOTAL |
3.21% |
|
| Asset-Backed |
||
| Housing - Multi-Family |
2.62% |
|
| SUBTOTAL |
2.62% |
|
| Cash Equivalents |
||
| Investment Companies |
0.02% |
|
| SUBTOTAL |
0.02% |
|
| Total |
100.00% |
|
| State Breakdown |
Portfolio % |
|
| California |
91.61% |
|
| New York |
2.67% |
|
| Florida |
1.47% |
|
| New Jersey |
1.44% |
|
| Guam |
1.05% |
|
| Nevada |
0.99% |
|
| Illinois |
0.55% |
|
| Ohio |
0.20% |
|
| Other |
0.02% |
|
| Total Investments |
100.00% |
|
| Credit Quality Breakdown |
Portfolio % |
|
| AAA |
10.28% |
|
| AA |
55.00% |
|
| A |
16.95% |
|
| BBB |
8.64% |
|
| B |
1.34% |
|
| Not Rated |
1.95% |
|
| Pre-refunded Bonds |
5.82% |
|
| Short Term Investments |
0.02% |
|
| Total Investments |
100.00% |
|
| Bonds By Maturity |
Portfolio % |
|
| Less than 1 year |
0.02% |
|
| 1 to 5 years |
3.25% |
|
| 5 to 10 years |
9.67% |
|
| 10 to 20 years |
71.31% |
|
| 20 to 30 years |
15.75% |
|
| More than 30 years |
0.00% |
|
| Other |
0.00% |
|
| Total Investments |
100.00% |
|
| Portfolio Statistics: |
||
| AMT Percentage: |
8.42% |
|
| Average Coupon: |
5.30% |
|
| Percentage of Leverage: |
||
| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
0.57% |
|
| Preferred Stock: |
35.55% |
|
| Tender Option Bonds: |
3.77% |
|
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
| Total Fund Leverage: |
39.89%* |
|
| Average Effective Maturity: |
6.55 Years |
|
| Effective Duration: |
5.77 Years |
|
| Total Net Assets: |
$205.65 Million** |
|
| Common Stock Net Asset Value: |
$15.56 |
|
| Number of Holdings: |
69 |
|
| Portfolio Turnover: |
32% |
|
* The total percentage of leverage constitutes 3.77% through the use of tender option bonds, 35.55% in issued and outstanding preferred stock and 0.57% 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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