Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 27, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of March 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 |
4.44% |
| 2) Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25 |
3.68% |
| 3) California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.54% |
| 4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.44% |
| 5) Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26 |
3.16% |
| 6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
3.05% |
| 7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.82% |
| 8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.72% |
| 9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.61% |
| 10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.59% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Water & Sewer |
10.49% |
| Revenue - Miscellaneous |
9.19% |
| Toll Roads/Transit |
8.80% |
| Electric Utility |
4.46% |
| Higher Education - Public |
4.44% |
| Port |
3.05% |
| Health Care - Not-for-Profit |
3.03% |
| Higher Education - Private |
2.22% |
| Airport |
1.73% |
| Primary/Secondary Ed. - Private |
1.39% |
| Industrial Development - Industry |
0.52% |
| Industrial Development - Utility |
0.21% |
| SUBTOTAL |
49.53% |
| Tax Supported |
|
| Special Tax |
15.58% |
| Local G.O. |
12.91% |
| Tax-Supported Local Lease |
4.57% |
| Assessment District |
2.33% |
| Tax-Supported State Lease |
1.70% |
| State G.O. |
1.11% |
| SUBTOTAL |
38.20% |
| Prerefunded/ETM |
6.10% |
| Insured/Guaranteed |
|
| Insured |
3.22% |
| SUBTOTAL |
3.22% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.65% |
| SUBTOTAL |
2.65% |
| Cash Equivalents |
|
| Investment Companies |
0.30% |
| SUBTOTAL |
0.30% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| California |
90.41% |
| New York |
2.61% |
| Florida |
1.45% |
| New Jersey |
1.42% |
| Guam |
1.04% |
| Nevada |
0.98% |
| Missouri |
0.53% |
| Indiana |
0.53% |
| Pennsylvania |
0.52% |
| Ohio |
0.21% |
| Other |
0.30% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
10.25% |
| AA |
52.98% |
| A |
16.31% |
| BBB |
10.74% |
| B |
1.35% |
| Not Rated |
1.97% |
| Pre-refunded Bonds |
6.10% |
| Short Term Investments |
0.30% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
0.30% |
| 1 to 5 years |
3.54% |
| 5 to 10 years |
8.08% |
| 10 to 20 years |
71.38% |
| 20 to 30 years |
16.70% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
8.57% |
| Average Coupon: |
5.34% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
35.87% |
| Tender Option Bonds: |
4.18% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
40.05%* |
| Average Effective Maturity: |
6.55 Years |
| Effective Duration: |
5.78 Years |
| Total Net Assets: |
$202.24 Million** |
| Common Stock Net Asset Value: |
$15.16 |
| Number of Holdings: |
72 |
| Portfolio Turnover: |
32% |
* The total percentage of leverage constitutes 4.18% through the use of tender option bonds, 35.87% 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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