NEW YORK, Dec. 24, 2012 /PRNewswire/ --Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of November 30, 2012.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings | Portfolio% |
1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 | 4.57% |
2) San Francisco City/Cnty CA Pub Util WtrSeries 2012C 5.00%,11/01/26 | 4.53% |
3) Los Angeles Cnty CA Met Trnsp Auth (LosAngeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 | 3.83% |
4) California Pub Wks Brd (Univ Of CaliforniaLease) Series 2011A 5.25%, 12/01/26 | 3.56% |
5) Los Angeles CA Harbor Dept 5.00%, 8/01/26 | 3.19% |
6) Los Angeles CA Cmnty Redev Agy (Los Angeles CaCra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 | 3.14% |
7) Puerto Rico Sales Tax Fin Corp. Series 2011A5.00%, 8/01/43 | 3.01% |
8) Port of Oakland CA Series 2012P 5.00%,5/01/29 | 2.97% |
9) Clovis CA USD GO Series 2012A 5.00%,8/01/28 | 2.55% |
10) San Diego Cnty CA Regl Trnsp Commn Series2012A 5.00%, 4/01/28 | 2.52% |
Sector/Industry Breakdown | Portfolio % |
Revenue | |
Water & Sewer | 16.41% |
Electric Utility | 8.09% |
Port | 6.16% |
Revenue - Miscellaneous | 4.08% |
Higher Education - Public | 3.56% |
Airport | 2.64% |
Higher Education - Private | 2.39% |
Primary/Secondary Ed. - Private | 1.53% |
Health Care - Not-for-Profit | 1.33% |
Industrial Development - Utility | 0.19% |
SUBTOTAL | 46.38% |
Tax Supported | |
Special Tax | 22.38% |
Local G.O. | 10.27% |
Tax-Supported Local Lease | 3.46% |
State G.O. | 2.13% |
Assessment District | 2.02% |
Tax-Supported State Lease | 1.76% |
SUBTOTAL | 42.02% |
Insured/Guaranteed | |
Insured | 6.57% |
SUBTOTAL | 6.57% |
Asset-Backed | |
Housing - Multi-Family | 2.73% |
SUBTOTAL | 2.73% |
Prerefunded/ETM | 2.30% |
Total | 100.00% |
State Breakdown | Portfolio % |
California | 93.14% |
Puerto Rico | 4.57% |
Nevada | 1.05% |
Guam | 1.05% |
Ohio | 0.19% |
Total Investments | 100.00% |
Credit Quality Breakdown | Portfolio % |
AAA | 15.21% |
AA | 53.47% |
A | 20.31% |
BBB | 4.21% |
BB | 1.44% |
Not Rated | 3.06% |
Pre-refunded Bonds | 2.30% |
Total Investments | 100.00% |
Portfolio Statistics: | |
AMT Percentage: | 13.61% |
Average Coupon: | 5.42% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 0.29% |
Preferred Stock: | 35.36% |
Tender Option Bonds: | 4.12% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 39.77%* |
Average Effective Maturity: | 6.38 Years |
Effective Duration: | 5.64 Years |
Total Net Assets: | $205.20 Million** |
Common Stock Net Asset Value: | $15.51 |
Number of Holdings: | 78 |
Portfolio Turnover: | 14% |
* The total percentage of leverage constitutes 4.12% through the use of tender option bonds, 35.36% in issued and outstanding preferred stock and 0.29% 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.
SOURCE Alliance California Municipal Income Fund, Inc.
