Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 25, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of August 31,2017.
| Alliance California Municipal Income Fund, Inc. |
||
| Top 10 Fixed-Income Holdings |
Portfolio % |
|
| 1) University of California Series 2012G 5.00%, 5/15/31 |
4.43% |
|
| 2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.51% |
|
| 3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.46% |
|
| 4) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.91% |
|
| 5) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) |
2.90% |
|
| 6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.87% |
|
| 7) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 |
2.84% |
|
| 8) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.69% |
|
| 9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.64% |
|
| 10) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 |
2.43% |
|
| Sector/Industry Breakdown |
Portfolio % |
|
| Revenue |
||
| Water & Sewer |
9.37% |
|
| Revenue - Miscellaneous |
8.64% |
|
| Health Care - Not-for-Profit |
8.57% |
|
| Toll Roads/Transit |
4.77% |
|
| Higher Education - Public |
4.43% |
|
| Electric Utility |
4.40% |
|
| Airport |
3.05% |
|
| Primary/Secondary Ed. - Public |
2.93% |
|
| Port |
2.87% |
|
| Senior Living |
1.64% |
|
| Higher Education - Private |
1.62% |
|
| Primary/Secondary Ed. - Private |
1.41% |
|
| SUBTOTAL |
53.70% |
|
| Tax Supported |
||
| Special Tax |
13.12% |
|
| Local G.O. |
9.59% |
|
| Tax-Supported Local Lease |
9.25% |
|
| Assessment District |
4.12% |
|
| State G.O. |
2.85% |
|
| SUBTOTAL |
38.93% |
|
| Prerefunded/ETM |
6.11% |
|
| Asset-Backed |
||
| Housing - Multi-Family |
1.26% |
|
| SUBTOTAL |
1.26% |
|
| Total |
100.00% |
|
| State Breakdown |
Portfolio % |
|
| California |
92.63% |
|
| New York |
2.69% |
|
| Florida |
1.44% |
|
| Guam |
1.01% |
|
| Minnesota |
0.62% |
|
| New Jersey |
0.54% |
|
| Pennsylvania |
0.54% |
|
| Missouri |
0.53% |
|
| Total Investments |
100.00% |
|
| Credit Quality Breakdown |
Portfolio % |
|
| AAA |
10.47% |
|
| AA |
56.62% |
|
| A |
10.63% |
|
| BBB |
12.21% |
|
| B |
1.26% |
|
| Not Rated |
2.70% |
|
| Pre-refunded Bonds |
6.11% |
|
| Total Investments |
100.00% |
|
| Bonds By Maturity |
Portfolio % |
|
| Less than 1 year |
0.00% |
|
| 1 to 5 years |
0.28% |
|
| 5 to 10 years |
10.87% |
|
| 10 to 20 years |
69.39% |
|
| 20 to 30 years |
18.89% |
|
| More Than 30 years |
0.57% |
|
| Other |
0.00% |
|
| Total Investments |
100.00% |
|
| Portfolio Statistics: |
||
| AMT Percent: |
4.20% |
|
| Average Coupon: |
5.22% |
|
| Percentage of Leverage: |
||
| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
0.00% |
|
| Auction Preferred Shares (APS): |
14.97% |
|
| Tender Option Bonds: |
4.00% |
|
| Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.10% |
|
| Total Fund Leverage: |
39.07%* |
|
| Average Effective Maturity: |
6.88 Years |
|
| Effective Duration: |
5.38 Years |
|
| Total Net Assets: |
$162.70 Million** |
|
| Common Stock Net Asset Value: |
$15.53 |
|
| Number of Holdings: |
85 |
|
| Portfolio Turnover: |
12% |
|
* The total percentage of leverage constitutes 4.00% through the use of tender option bonds, 14.97% in issued and outstanding APS,20.10% in issued and outstanding VMTPs and 0.00% 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.
Share this article