Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 25, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of February 28, 2019.
Alliance California Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Los Angeles Department of Water Series 2013B 5.00%, 7/01/32 |
3.45% |
|
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County |
3.36% |
|
3) San Diego Public Facilities Financing Authority Series 2010A 5.00%, 5/15/36 |
2.87% |
|
4) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.86% |
|
5) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) |
2.82% |
|
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.79% |
|
7) San Francisco City & County Public Utilities Commission Wastewater Revenue |
2.61% |
|
8) University of California Series 2012G 5.00%, 5/15/31 |
2.38% |
|
9) San Diego County Water Authority Series 2013 5.00%, 5/01/31 |
2.37% |
|
10) California Statewide Communities Development Authority(Buck Institute for |
2.21% |
|
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
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Revenue - Miscellaneous |
10.86% |
|
Health Care - Not-for-Profit |
10.07% |
|
Water & Sewer |
9.06% |
|
Primary/Secondary Ed. - Public |
5.05% |
|
Higher Education - Private |
3.79% |
|
Toll Roads/Transit |
3.76% |
|
Airport |
3.53% |
|
Electric Utility |
2.95% |
|
Port |
2.79% |
|
Tobacco Securitization |
2.43% |
|
Higher Education - Public |
2.38% |
|
Senior Living |
1.67% |
|
Primary/Secondary Ed. - Private |
1.37% |
|
SUBTOTAL |
59.71% |
|
Tax Supported |
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Local G.O. |
9.91% |
|
Special Tax |
8.98% |
|
Tax-Supported Local Lease |
6.14% |
|
Assessment District |
2.83% |
|
State G.O. |
1.12% |
|
SUBTOTAL |
28.98% |
|
Prerefunded/ETM |
9.93% |
|
Asset-Backed |
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Housing - Multi-Family |
1.25% |
|
SUBTOTAL |
1.25% |
|
Cash Equivalents |
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Investment Companies |
0.13% |
|
SUBTOTAL |
0.13% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
92.45% |
|
New York |
1.67% |
|
Florida |
1.44% |
|
Guam |
1.44% |
|
New Jersey |
1.26% |
|
Illinois |
0.55% |
|
Missouri |
0.53% |
|
Pennsylvania |
0.53% |
|
Other |
0.13% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
11.22% |
|
AA |
38.37% |
|
A |
16.93% |
|
BBB |
16.45% |
|
BB |
3.09% |
|
B |
1.25% |
|
Not Rated |
2.63% |
|
Pre-refunded Bonds |
9.93% |
|
Short-Term Investments |
0.13% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
0.13% |
|
1 to 5 years |
0.00% |
|
5 to 10 years |
13.13% |
|
10 to 20 years |
55.92% |
|
20 to 30 years |
26.69% |
|
More Than 30 years |
4.13% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
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AMT Percent: |
3.49% |
|
Average Coupon: |
5.15% |
|
Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.00% |
|
Auction Preferred Shares (APS): |
15.41% |
|
Tender Option Bonds: |
4.11% |
|
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.70% |
|
Total Fund Leverage: |
40.22%* |
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Average Effective Maturity: |
5.11 Years |
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Effective Duration: |
4.43 Years |
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Total Net Assets: |
$156.04 Million** |
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Common Stock Net Asset Value: |
$14.75 |
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Number of Holdings: |
87 |
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Portfolio Turnover: |
17% |
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* The total percentage of leverage constitutes 4.11% through the use of tender option bonds, |
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** Includes $29,875,000 of APS at liquidation value.The Fund also had outstanding $40,125,000 |
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The foregoing portfolio characteristics are as of the date indicated and can be expected to change. |
SOURCE Alliance California Municipal Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
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