NEW YORK, Dec. 26, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of November 30, 2013.
Alliance California Municipal Income Fund, Inc. | |
Top 10 Fixed-Income Holdings | |
Portfolio % | |
1) Univ of California Series 2012G 5.00%, 5/15/31 | 4.10% |
2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 | 3.67% |
3) California Pub Wks Brd Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) | 3.52% |
4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32 | 3.21% |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 | 3.19% |
6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 | 2.94% |
7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32 | 2.63% |
8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 | 2.53% |
9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 | 2.44% |
10) Coast CA CCD GO AGM 5.00%, 8/21/24 | 2.32% |
Sector/Industry Breakdown | |
Portfolio % | |
Revenue | |
Water & Sewer | 13.82% |
Revenue - Miscellaneous | 8.48% |
Electric Utility | 7.44% |
Higher Education - Public | 4.10% |
Port | 2.94% |
Toll Roads/Transit | 2.53% |
Airport | 2.44% |
Higher Education - Private | 2.28% |
Primary/Secondary Ed. - Private | 1.35% |
Health Care - Not-for-Profit | 1.33% |
Industrial Development - Utility | 0.18% |
SUBTOTAL | 46.89% |
Tax Supported | |
Special Tax | 17.04% |
Local G.O. | 11.82% |
Tax-Supported Local Lease | 2.62% |
State G.O. | 2.02% |
Assessment District | 1.97% |
Tax-Supported State Lease | 1.73% |
SUBTOTAL | 37.20% |
Insured/Guaranteed | |
Insured | 6.46% |
SUBTOTAL | 6.46% |
Prerefunded/ETM | 4.01% |
Asset-Backed | |
Housing - Multi-Family | 2.72% |
SUBTOTAL | 2.72% |
Cash Equivalents | |
Investment Companies | 2.72% |
SUBTOTAL | 2.72% |
Total | 100.00% |
State Breakdown | |
Portfolio % | |
California | 91.93% |
Puerto Rico | 3.24% |
Nevada | 1.00% |
Guam | 0.93% |
Ohio | 0.18% |
Other | 2.72% |
Total Investments | 100.00% |
Credit Quality Breakdown | |
Portfolio % | |
AAA | 10.13% |
AA | 53.63% |
A | 20.08% |
BBB | 5.19% |
BB | 1.40% |
Not Rated | 2.84% |
Pre-refunded Bonds | 4.01% |
Short Term Investments | 2.72% |
Total Investments | 100.00% |
Bonds By Maturity | |
Portfolio % | |
Less than 1 year | 3.21% |
1 to 5 years | 1.22% |
5 to 10 years | 16.20% |
10 to 20 years | 68.07% |
20 to 30 years | 11.30% |
More than 30 years | 0.00% |
Other | 0.00% |
Total Investments | 100.00% |
Portfolio Statistics: | |
AMT Percentage: | 10.96% |
Average Coupon: | 5.62% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 3.94% |
Preferred Stock: | 38.34% |
Tender Option Bonds: | 4.47% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 46.75%* |
Average Effective Maturity: | 7.27 Years |
Effective Duration: | 6.07 Years |
Total Net Assets: | $189.21 Million** |
Common Stock Net Asset Value: | $13.64 |
Number of Holdings: | 76 |
Portfolio Turnover: | 46% |
* The total percentage of leverage constitutes 4.47% through the use | |
of tender option bonds, 38.34% in issued and outstanding preferred | |
stock and 3.94% 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.
