Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 26, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of December 31, 2015.
Alliance California Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
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1) University of California Series 2012G 5.00%, 5/15/31 |
4.47% |
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2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.62% |
|
3) California State Public Works Board Series 2011G 5.25%, 12/01/26 (Prerefunded/ETM) |
3.50% |
|
4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.48% |
|
5) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 |
3.18% |
|
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.98% |
|
7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.90% |
|
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.80% |
|
9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.66% |
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10) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.66% |
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Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
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Revenue - Miscellaneous |
9.72% |
|
Water & Sewer |
9.35% |
|
Toll Roads/Transit |
7.48% |
|
Electric Utility |
5.02% |
|
Higher Education - Public |
4.47% |
|
Health Care - Not-for-Profit |
3.63% |
|
Port |
3.04% |
|
Primary/Secondary Ed. - Public |
2.65% |
|
Higher Education - Private |
2.10% |
|
Airport |
1.72% |
|
Senior Living |
1.63% |
|
Primary/Secondary Ed. - Private |
1.38% |
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SUBTOTAL |
52.19% |
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Tax Supported |
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Special Tax |
15.60% |
|
Local G.O. |
11.56% |
|
Tax-Supported Local Lease |
5.20% |
|
Assessment District |
2.28% |
|
State G.O. |
1.14% |
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SUBTOTAL |
35.78% |
|
Prerefunded/ETM |
6.00% |
|
Insured/Guaranteed |
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Insured |
3.15% |
|
SUBTOTAL |
3.15% |
|
Asset-Backed |
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Housing - Multi-Family |
2.64% |
|
SUBTOTAL |
2.64% |
|
Cash Equivalents |
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Investment Companies |
0.24% |
|
SUBTOTAL |
0.24% |
|
Total |
100.00% |
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State Breakdown |
Portfolio % |
|
California |
91.47% |
|
New York |
2.66% |
|
Florida |
1.43% |
|
Guam |
1.04% |
|
Nevada |
0.94% |
|
Minnesota |
0.60% |
|
Indiana |
0.54% |
|
Pennsylvania |
0.52% |
|
Missouri |
0.51% |
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Ohio |
0.05% |
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Other |
0.24% |
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Total Investments |
100.00% |
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Credit Quality Breakdown |
Portfolio % |
|
AAA |
12.44% |
|
AA |
57.17% |
|
A |
10.06% |
|
BBB |
10.96% |
|
B |
1.33% |
|
Not Rated |
1.80% |
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Pre-refunded Bonds |
6.00% |
|
Short Term Investments |
0.24% |
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Total Investments |
100.00% |
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Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
0.24% |
|
1 to 5 years |
0.94% |
|
5 to 10 years |
8.43% |
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10 to 20 years |
71.01% |
|
20 to 30 years |
19.38% |
|
More than 30 years |
0.00% |
|
Other |
0.00% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
7.93% |
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Average Coupon: |
5.38% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.60% |
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Auction Preferred Shares (APS): |
15.04% |
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Tender Option Bonds: |
4.28% |
|
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.20% |
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Total Fund Leverage: |
40.12%* |
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Average Effective Maturity: |
6.20 Years |
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Effective Duration: |
5.50 Years |
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Total Net Assets: |
$161.87 Million** |
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Common Stock Net Asset Value: |
$15.43 |
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Number of Holdings: |
75 |
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Portfolio Turnover: |
18% |
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* The total percentage of leverage constitutes 4.28% through the use |
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of tender option bonds, 15.04% in issued and outstanding APS, |
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20.20% in issued and outstanding VMTPs and 0.60% in investment operations, |
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which may include the use of certain portfolio management |
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techniques such as credit default swaps, dollar rolls, negative cash, |
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reverse repurchase agreements and when - issued securities. |
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** Includes $29,875,000 of APS at liquidation value. |
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The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which |
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is not included in Total Net Assets because it is treated as a liability for financial reporting purposes. |
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The foregoing portfolio characteristics are as of the date indicated |
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and can be expected to change. The Fund is a closed-end U.S.- |
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registered management investment company advised by AllianceBernstein |
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L. P. |
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SOURCE Alliance California Municipal Income Fund, Inc.
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