Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Jul 27, 2015, 16:06 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, July 27, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.(NYSE: AKP) (the "Fund") today released its monthly portfolio update as of June 30, 2015.

 

Alliance California Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) University of California Series 2012G 5.00%, 5/15/31

4.45%

2) Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25

3.73%

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

3.42%

5) Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26

3.24%

6) Port of Los Angeles Series 2009C 5.00%, 8/01/26

3.08%

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

2.70%

9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32

2.59%

10) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32

2.59%

Sector/Industry Breakdown

Portfolio %

Revenue

Water & Sewer

11.20%

Revenue - Miscellaneous

9.15%

Toll Roads/Transit

8.69%

Electric Utility

4.48%

Higher Education - Public

4.45%

Port

3.08%

Health Care - Not-for-Profit

2.99%

Higher Education - Private

2.24%

Airport

1.75%

Primary/Secondary Ed. - Private

1.40%

Primary/Secondary Ed. - Public

0.88%

Industrial Development - Industry

0.51%

Industrial Development - Utility

0.21%

SUBTOTAL

51.03%

Tax Supported

Special Tax

15.69%

Local G.O.

11.47%

Tax-Supported Local Lease

4.56%

Assessment District

2.32%

Tax-Supported State Lease

1.72%

State G.O.

1.11%

SUBTOTAL

36.87%

Prerefunded/ETM

6.14%

Insured/Guaranteed

Insured

3.26%

SUBTOTAL

3.26%

Asset-Backed

Housing - Multi-Family

2.70%

SUBTOTAL

2.70%

Total

100.00%

State Breakdown

Portfolio %

California

90.79%

New York

2.59%

New Jersey

1.41%

Florida

1.41%

Guam

1.04%

Nevada

0.99%

Missouri

0.53%

Indiana

0.52%

Pennsylvania

0.51%

Ohio

0.21%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

10.32%

AA

58.27%

A

11.43%

BBB

10.48%

B

1.37%

Not Rated

1.99%

Pre-refunded Bonds

6.14%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

0.00%

1 to 5 years

3.58%

5 to 10 years

8.14%

10 to 20 years

73.60%

20 to 30 years

14.68%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

8.71%

Average Coupon:

5.41%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

0.25%

Preferred Stock:

36.80%

Tender Option Bonds:

3.90%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

40.95%*

Average Effective Maturity:

6.34 Years

Effective Duration:

5.61 Years

Total Net Assets:

$197.91 Million**

Common Stock Net Asset Value:

$14.65

Number of Holdings:

72

Portfolio Turnover:

32%

 

* The total percentage of leverage constitutes 3.90% through the use of tender option bonds, 36.80% in issued and outstanding preferred stock and 0.25% 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.



RELATED LINKS

http://www.alliancebernstein.com