Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 22, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2016.
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 (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.55% |
3) California State Public Works Board Series 2011G 5.25%, 12/01/26 (Prerefunded/ETM) |
3.46% |
4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.43% |
5) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 |
3.11% |
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.94% |
7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.86% |
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.78% |
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.63% |
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.62% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Revenue - Miscellaneous |
9.63% |
Water & Sewer |
9.24% |
Toll Roads/Transit |
7.41% |
Electric Utility |
4.96% |
Higher Education - Public |
4.45% |
Health Care - Not-for-Profit |
4.12% |
Port |
2.99% |
Primary/Secondary Ed. - Public |
2.62% |
Higher Education - Private |
2.06% |
Airport |
1.69% |
Senior Living |
1.60% |
Primary/Secondary Ed. - Private |
1.41% |
SUBTOTAL |
52.18% |
Tax Supported |
|
Special Tax |
15.36% |
Local G.O. |
11.45% |
Tax-Supported Local Lease |
5.17% |
Assessment District |
2.26% |
State G.O. |
1.13% |
SUBTOTAL |
35.37% |
Prerefunded/ETM |
5.92% |
Insured/Guaranteed |
|
Insured |
3.08% |
SUBTOTAL |
3.08% |
Asset-Backed |
|
Housing - Multi-Family |
2.58% |
SUBTOTAL |
2.58% |
Cash Equivalents |
|
Investment Companies |
0.87% |
SUBTOTAL |
0.87% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
90.38% |
New York |
2.63% |
Florida |
1.42% |
Guam |
1.02% |
Nevada |
0.92% |
Minnesota |
0.60% |
Vermont |
0.55% |
Indiana |
0.53% |
Pennsylvania |
0.52% |
Missouri |
0.51% |
Ohio |
0.05% |
Other |
0.87% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
12.25% |
AA |
56.48% |
A |
10.54% |
BBB |
10.82% |
B |
1.30% |
Not Rated |
1.82% |
Pre-refunded Bonds |
5.92% |
Short Term Investments |
0.87% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.87% |
1 to 5 years |
0.92% |
5 to 10 years |
8.26% |
10 to 20 years |
70.78% |
20 to 30 years |
19.17% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.15% |
Average Coupon: |
5.13% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.58% |
Auction Preferred Shares (APS): |
14.79% |
Tender Option Bonds: |
5.06% |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
19.86% |
Total Fund Leverage: |
40.29%* |
Average Effective Maturity: |
6.21 Years |
Effective Duration: |
5.41 Years |
Total Net Assets: |
$164.10 Million** |
Common Stock Net Asset Value: |
$15.69 |
Number of Holdings: |
76 |
Portfolio Turnover: |
18% |
* The total percentage of leverage constitutes 5.06% through the use |
of tender option bonds, 14.79% in issued and outstanding APS, |
19.86% in issued and outstanding VMTPs and 0.58% 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 $29,875,000 of APS at liquidation value. |
The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which |
is not included in Total Net Assets because it is treated as a liability for financial reporting purposes. |
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
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article