Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 22, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of November 30, 2016.
Alliance California Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) University of California Series 2012G 5.00%, 5/15/31 |
4.37% |
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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 |
3.56% |
|
3) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.44% |
|
4) Los Angeles Community Redevelopment Agency(Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 |
3.26% |
|
5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.96% |
|
6) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.89% |
|
7) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 |
2.76% |
|
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 |
2.63% |
|
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.62% |
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Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
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Revenue - Miscellaneous |
9.59% |
|
Water & Sewer |
9.22% |
|
Toll Roads/Transit |
7.32% |
|
Electric Utility |
4.97% |
|
Higher Education - Public |
4.37% |
|
Health Care - Not-for-Profit |
3.73% |
|
Port |
2.96% |
|
Primary/Secondary Ed. - Public |
2.55% |
|
Airport |
1.68% |
|
Senior Living |
1.62% |
|
Higher Education - Private |
1.57% |
|
Primary/Secondary Ed. - Private |
1.45% |
|
SUBTOTAL |
51.03% |
|
Tax Supported |
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Special Tax |
14.64% |
|
Local G.O. |
13.42% |
|
Tax-Supported Local Lease |
7.91% |
|
Assessment District |
5.31% |
|
State G.O. |
1.10% |
|
SUBTOTAL |
42.38% |
|
Prerefunded/ETM |
4.57% |
|
Asset-Backed |
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Housing - Multi-Family |
1.26% |
|
SUBTOTAL |
1.26% |
|
Cash Equivalents |
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Investment Companies |
0.76% |
|
SUBTOTAL |
0.76% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
91.08% |
|
New York |
2.63% |
|
Florida |
1.96% |
|
Guam |
1.05% |
|
Nevada |
0.89% |
|
Minnesota |
0.60% |
|
Missouri |
0.53% |
|
Pennsylvania |
0.50% |
|
Other |
0.76% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
11.08% |
|
AA |
59.18% |
|
A |
9.23% |
|
BBB |
10.90% |
|
B |
1.26% |
|
Not Rated |
3.02% |
|
Pre-refunded Bonds |
4.57% |
|
Short-Term Investments |
0.76% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
0.76% |
|
1 to 5 years |
1.18% |
|
5 to 10 years |
7.19% |
|
10 to 20 years |
72.77% |
|
20 to 30 years |
18.10% |
|
More Than 30 years |
0.00% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
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AMT Percent: |
7.10% |
|
Average Coupon: |
5.25% |
|
Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
1.76% |
|
Auction Preferred Shares (APS): |
15.48% |
|
Tender Option Bonds: |
4.14% |
|
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.80% |
|
Total Fund Leverage: |
42.18%* |
|
Average Effective Maturity: |
6.98 Years |
|
Effective Duration: |
5.39 Years |
|
Total Net Assets: |
$155.33 Million** |
|
Common Stock Net Asset Value: |
$14.67 |
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Number of Holdings: |
78 |
|
Portfolio Turnover: |
18% |
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* The total percentage of leverage constitutes 4.14% through the use of tender option bonds, 15.48% in issued and outstanding APS, 20.80% in issued and outstanding VMTPs and 1.76% 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. |
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** 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. |
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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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