NEW YORK, May 22, 2015 /PRNewswire/ -- Alliance California
Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released
its monthly portfolio update as of April 30,
2015.
|
Alliance California
Municipal Income Fund, Inc.
|
|
|
|
Top 10 Fixed-Income
Holdings
|
Portfolio
%
|
|
1) University of
California Series 2012G 5.00%, 5/15/31
|
4.44%
|
|
2) Los Angeles County
Metropolitan Transportation Authority Series 2009 5.00%,
7/01/25
|
3.71%
|
|
3) California State
Public Works Board Series 2011G 5.25%, 12/01/21
(Prerefunded/ETM)
|
3.56%
|
|
4) Los Angeles
Department of Water & Power WTR Series 2013B 5.00%,
7/01/32
|
3.43%
|
|
5) Los Angeles
Community Redevelopment Agency AMBAC Series 2002A 5.375%,
12/01/26
|
3.20%
|
|
6) Port of Los
Angeles Series 2009C 5.00%, 8/01/26
|
3.07%
|
|
7) San Diego Unified
School District/CA Series 2013C 5.00%, 7/01/32
|
2.77%
|
|
8) Bay Area Toll
Authority Series 2013S 5.00%, 4/01/33
|
2.71%
|
|
9) Metropolitan
Transportation Authority Series 2014C 5.00%, 11/15/32
|
2.60%
|
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10) City of San
Francisco CA Public Utilities Commission Wastewater Revenue Series
2013B 5.00%, 10/01/32
|
2.59%
|
|
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Sector/Industry
Breakdown
|
Portfolio
%
|
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Revenue
|
|
|
Water &
Sewer
|
11.18%
|
|
Revenue -
Miscellaneous
|
9.18%
|
|
Toll
Roads/Transit
|
8.78%
|
|
Electric
Utility
|
4.47%
|
|
Higher Education -
Public
|
4.44%
|
|
Port
|
3.07%
|
|
Health Care -
Not-for-Profit
|
3.03%
|
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Higher Education -
Private
|
2.24%
|
|
Airport
|
1.75%
|
|
Primary/Secondary Ed.
- Private
|
1.40%
|
|
Primary/Secondary Ed.
- Public
|
0.89%
|
|
Industrial
Development - Industry
|
0.52%
|
|
Industrial
Development - Utility
|
0.21%
|
|
SUBTOTAL
|
51.16%
|
|
Tax
Supported
|
|
|
Special
Tax
|
15.63%
|
|
Local G.O.
|
11.40%
|
|
Tax-Supported Local
Lease
|
4.56%
|
|
Assessment
District
|
2.34%
|
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Tax-Supported State
Lease
|
1.72%
|
|
State G.O.
|
1.11%
|
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SUBTOTAL
|
36.76%
|
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Prerefunded/ETM
|
6.14%
|
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Insured/Guaranteed
|
|
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Insured
|
3.25%
|
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SUBTOTAL
|
3.25%
|
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Asset-Backed
|
|
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Housing -
Multi-Family
|
2.69%
|
|
SUBTOTAL
|
2.69%
|
|
Total
|
100.00%
|
|
|
|
State
Breakdown
|
Portfolio
%
|
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California
|
90.73%
|
|
New York
|
2.60%
|
|
Florida
|
1.44%
|
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New Jersey
|
1.41%
|
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Guam
|
1.04%
|
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Nevada
|
0.99%
|
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Missouri
|
0.53%
|
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Indiana
|
0.53%
|
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Pennsylvania
|
0.52%
|
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Ohio
|
0.21%
|
|
Total
Investments
|
100.00%
|
|
|
|
Credit Quality
Breakdown
|
Portfolio
%
|
|
AAA
|
10.30%
|
|
AA
|
53.28%
|
|
A
|
16.31%
|
|
BBB
|
10.61%
|
|
B
|
1.37%
|
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Not Rated
|
1.99%
|
|
Pre-refunded
Bonds
|
6.14%
|
|
Total
Investments
|
100.00%
|
|
|
|
Bonds By
Maturity
|
Portfolio
%
|
|
Less than 1
year
|
0.00%
|
|
1 to 5
years
|
3.57%
|
|
5 to 10
years
|
8.14%
|
|
10 to 20
years
|
72.11%
|
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20 to 30
years
|
16.18%
|
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More than 30
years
|
0.00%
|
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Other
|
0.00%
|
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Total
Investments
|
100.00%
|
|
|
|
Portfolio
Statistics:
|
|
|
AMT
Percentage:
|
8.63%
|
|
Average
Coupon:
|
5.42%
|
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Percentage of
Leverage:
|
|
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Bank
Borrowing:
|
0.00%
|
|
Investment
Operations:
|
0.24%
|
|
Preferred
Stock:
|
36.39%
|
|
Tender Option
Bonds:
|
3.86%
|
|
Term Asset-Backed
Loans Facility (TALF):
|
0.00%
|
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Total Fund
Leverage:
|
40.49%*
|
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Average Effective
Maturity:
|
6.51 Years
|
|
Effective
Duration:
|
5.75 Years
|
|
Total Net
Assets:
|
$199.88
Million**
|
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Common Stock Net
Asset Value:
|
$14.88
|
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Number of
Holdings:
|
72
|
|
Portfolio
Turnover:
|
32%
|
* The total percentage of leverage constitutes 3.86%
through the use of tender option bonds, 36.39% in
issued and outstanding preferred stock and 0.24% 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-300088040.html
SOURCE Alliance California Municipal Income Fund, Inc.