NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. AKP (the "Fund") today released its monthly portfolio update as of October 31, 2016.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) University of California Series 2012G 5.00%, 5/15/31 |
4.45% |
2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.52% |
3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.49% |
4) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 |
3.14% |
5) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.91% |
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.90% |
7) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 |
2.85% |
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.82% |
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.67% |
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 |
|
Revenue - Miscellaneous |
9.72% |
Water & Sewer |
9.41% |
Toll Roads/Transit |
7.58% |
Electric Utility |
4.97% |
Higher Education - Public |
4.45% |
Health Care - Not-for-Profit |
3.78% |
Port |
2.90% |
Primary/Secondary Ed. - Public |
2.59% |
Airport |
1.65% |
Higher Education - Private |
1.65% |
Senior Living |
1.64% |
Primary/Secondary Ed. - Private |
1.44% |
SUBTOTAL |
51.78% |
Tax Supported |
|
Special Tax |
14.57% |
Local G.O. |
13.67% |
Tax-Supported Local Lease |
8.12% |
Assessment District |
3.66% |
State G.O. |
1.14% |
SUBTOTAL |
41.16% |
Prerefunded/ETM |
4.49% |
Asset-Backed |
|
Housing - Multi-Family |
2.57% |
SUBTOTAL |
2.57% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
91.75% |
New York |
2.67% |
Florida |
2.01% |
Guam |
1.04% |
Nevada |
0.86% |
Minnesota |
0.61% |
Missouri |
0.53% |
Pennsylvania |
0.52% |
Ohio |
0.01% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
11.12% |
AA |
58.41% |
A |
10.56% |
BBB |
11.12% |
B |
1.28% |
Not Rated |
3.02% |
Pre-refunded Bonds |
4.49% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.00% |
1 to 5 years |
1.14% |
5 to 10 years |
7.04% |
10 to 20 years |
73.24% |
20 to 30 years |
18.58% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.58% |
Average Coupon: |
5.23% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.57% |
Auction Preferred Shares (APS): |
14.78% |
Tender Option Bonds: |
3.95% |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
19.85% |
Total Fund Leverage: |
39.15%* |
Average Effective Maturity: |
6.65 Years |
Effective Duration: |
5.17 Years |
Total Net Assets: |
$165.42 Million** |
Common Stock Net Asset Value: |
$15.84 |
Number of Holdings: |
76 |
Portfolio Turnover: |
18% |
* The total percentage of leverage constitutes 3.95% through the use |
|
of tender option bonds, 14.78% in issued and outstanding APS, |
|
19.85% in issued and outstanding VMTPs and 0.57% 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. |
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The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which |
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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. |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300369156.html
SOURCE Alliance California Municipal Income Fund, Inc.
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