Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of October 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 |
4.49% |
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.71% |
3) California State Public Works Board Series 2011G 5.25%, 12/01/26 (Prerefunded/ETM) |
3.56% |
4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.47% |
5) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 |
3.22% |
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 |
2.89% |
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.71% |
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.62% |
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.60% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Revenue - Miscellaneous |
9.71% |
Water & Sewer |
9.30% |
Toll Roads/Transit |
8.75% |
Higher Education - Public |
4.49% |
Electric Utility |
4.48% |
Health Care - Not-for-Profit |
3.61% |
Port |
3.05% |
Higher Education - Private |
2.22% |
Airport |
1.74% |
Primary/Secondary Ed. - Public |
1.62% |
Senior Living |
1.62% |
Primary/Secondary Ed. - Private |
1.39% |
Industrial Development - Utility |
0.11% |
SUBTOTAL |
52.09% |
Tax Supported |
|
Special Tax |
15.68% |
Local G.O. |
11.56% |
Tax-Supported Local Lease |
5.19% |
Assessment District |
2.31% |
State G.O. |
1.13% |
SUBTOTAL |
35.87% |
Prerefunded/ETM |
6.13% |
Insured/Guaranteed |
|
Insured |
3.22% |
SUBTOTAL |
3.22% |
Asset-Backed |
|
Housing - Multi-Family |
2.69% |
SUBTOTAL |
2.69% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
90.26% |
New York |
2.62% |
Florida |
1.43% |
New Jersey |
1.42% |
Guam |
1.04% |
Nevada |
0.96% |
Minnesota |
0.60% |
Indiana |
0.53% |
Pennsylvania |
0.52% |
Missouri |
0.51% |
Ohio |
0.11% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
10.28% |
AA |
58.76% |
A |
11.70% |
BBB |
9.89% |
B |
1.36% |
Not Rated |
1.88% |
Pre-refunded Bonds |
6.13% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.00% |
1 to 5 years |
0.96% |
5 to 10 years |
8.80% |
10 to 20 years |
72.55% |
20 to 30 years |
17.69% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.80% |
Average Coupon: |
5.32% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
23.50% |
Preferred Stock: |
15.11% |
Tender Option Bonds: |
4.30% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
42.91%* |
Average Effective Maturity: |
6.29 Years |
Effective Duration: |
5.56 Years |
Total Net Assets: |
$159.49 Million** |
Common Stock Net Asset Value: |
$15.15 |
Number of Holdings: |
73 |
Portfolio Turnover: |
32% |
* The total percentage of leverage constitutes 4.30% through the use |
|
of tender option bonds, 15.11% in issued and outstanding preferred |
|
stock and 23.50% 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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