Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 27, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of September 30, 2014.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings |
Portfolio % |
1) University of California Series 2012G 5.00%, 5/15/31 |
4.52% |
2) Los Angeles County Metropolitan Transportation Authority 5.00%, 7/01/25 |
3.79% |
3) California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.61% |
4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.49% |
5) Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26 |
3.24% |
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
3.15% |
7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.87% |
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.75% |
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.65% |
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.65% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
13.10% |
Revenue - Miscellaneous |
7.07% |
Electric Utility |
6.86% |
Toll Roads/Transit |
6.85% |
Higher Education - Public |
4.52% |
Port |
3.15% |
Higher Education - Private |
2.41% |
Airport |
1.79% |
Primary/Secondary Ed. - Private |
1.42% |
Health Care - Not-for-Profit |
1.35% |
Industrial Development - Utility |
0.20% |
SUBTOTAL |
48.72% |
Tax Supported |
|
Local G.O. |
17.66% |
Special Tax |
16.71% |
Assessment District |
2.31% |
Tax-Supported Local Lease |
1.98% |
Tax-Supported State Lease |
1.75% |
State G.O. |
1.12% |
SUBTOTAL |
41.53% |
Prerefunded/ETM |
3.61% |
Insured/Guaranteed |
|
Insured |
3.30% |
SUBTOTAL |
3.30% |
Asset-Backed |
|
Housing - Multi-Family |
2.73% |
SUBTOTAL |
2.73% |
Cash Equivalents |
|
Investment Companies |
0.11% |
SUBTOTAL |
0.11% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
93.57% |
New York |
2.65% |
New Jersey |
1.44% |
Guam |
1.06% |
Nevada |
0.97% |
Ohio |
0.20% |
Other |
0.11% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
10.49% |
AA |
62.99% |
A |
13.65% |
BBB |
5.75% |
BB |
1.40% |
Not Rated |
2.00% |
Pre-refunded Bonds |
3.61% |
Short Term Investments |
0.11% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.11% |
1 to 5 years |
0.97% |
5 to 10 years |
12.41% |
10 to 20 years |
77.49% |
20 to 30 years |
9.02% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
9.28% |
Average Coupon: |
5.37% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
36.87% |
Tender Option Bonds: |
3.91% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
40.78%* |
Average Effective Maturity: |
6.50 Years |
Effective Duration: |
5.70 Years |
Total Net Assets: |
$199.58 Million** |
Common Stock Net Asset Value: |
$14.85 |
Number of Holdings: |
68 |
Portfolio Turnover: |
25% |
* The total percentage of leverage constitutes 3.91% through the use |
|
of tender option bonds, 36.87% in issued and outstanding preferred |
|
stock 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 72,550,000 of preferred stock at liquidation value. |
|
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. |
|
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-918999315.html
SOURCE Alliance California Municipal Income Fund, Inc.
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