Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 23, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of September 30,2017.
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 |
4.44% |
|
2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.48% |
|
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 |
2.89% |
|
5) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) |
2.88% |
|
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 |
2.85% |
|
8) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.67% |
|
9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.62% |
|
10) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 |
2.41% |
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Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
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Water & Sewer |
9.34% |
|
Revenue - Miscellaneous |
8.59% |
|
Health Care - Not-for-Profit |
8.54% |
|
Toll Roads/Transit |
4.75% |
|
Higher Education - Public |
4.44% |
|
Electric Utility |
4.42% |
|
Airport |
3.04% |
|
Primary/Secondary Ed. - Public |
2.94% |
|
Port |
2.87% |
|
Senior Living |
1.64% |
|
Higher Education - Private |
1.61% |
|
Primary/Secondary Ed. - Private |
1.41% |
|
SUBTOTAL |
53.59% |
|
Tax Supported |
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Special Tax |
13.10% |
|
Local G.O. |
9.56% |
|
Tax-Supported Local Lease |
9.25% |
|
Assessment District |
4.11% |
|
State G.O. |
2.84% |
|
SUBTOTAL |
38.86% |
|
Prerefunded/ETM |
6.08% |
|
Asset-Backed |
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Housing - Multi-Family |
1.26% |
|
SUBTOTAL |
1.26% |
|
Cash Equivalents |
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Investment Companies |
0.21% |
|
SUBTOTAL |
0.21% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
92.45% |
|
New York |
2.67% |
|
Florida |
1.44% |
|
Guam |
1.01% |
|
Minnesota |
0.61% |
|
New Jersey |
0.54% |
|
Pennsylvania |
0.54% |
|
Missouri |
0.53% |
|
Other |
0.21% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
10.46% |
|
AA |
56.48% |
|
A |
10.61% |
|
BBB |
12.21% |
|
B |
1.26% |
|
Not Rated |
2.69% |
|
Pre-refunded Bonds |
6.08% |
|
Short-Term Investments |
0.21% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
0.21% |
|
1 to 5 years |
0.28% |
|
5 to 10 years |
10.86% |
|
10 to 20 years |
69.22% |
|
20 to 30 years |
18.86% |
|
More Than 30 years |
0.57% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
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AMT Percent: |
4.12% |
|
Average Coupon: |
5.21% |
|
Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.00% |
|
Auction Preferred Shares (APS): |
15.03% |
|
Tender Option Bonds: |
4.02% |
|
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.19% |
|
Total Fund Leverage: |
39.24%* |
|
Average Effective Maturity: |
6.00 Years |
|
Effective Duration: |
5.31 Years |
|
Total Net Assets: |
$161.08 Million** |
|
Common Stock Net Asset Value: |
$15.34 |
|
Number of Holdings: |
86 |
|
Portfolio Turnover: |
12% |
|
* The total percentage of leverage constitutes 4.02% through the use of tender option bonds, 15.03% in issued and outstanding APS,20.19% 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. |
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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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