Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 3, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of August 31, 2014.
Alliance California Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) University of California Series 2012G 5.00%, 5/15/31 |
4.38% |
2) Los Angeles County Metropolitan Transportation Authority 5.00%, 7/01/25 |
3.72% |
3) California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) |
3.57% |
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 |
3.16% |
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
3.09% |
7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.82% |
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 |
2.70% |
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.61% |
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.60% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Water & Sewer |
12.88% |
Electric Utility |
7.26% |
Revenue - Miscellaneous |
6.90% |
Toll Roads/Transit |
6.73% |
Higher Education - Public |
4.38% |
Port |
3.09% |
Higher Education - Private |
2.36% |
Airport |
1.75% |
Primary/Secondary Ed. - Private |
1.38% |
Health Care - Not-for-Profit |
1.32% |
Industrial Development - Utility |
0.20% |
SUBTOTAL |
48.25% |
Tax Supported |
|
Special Tax |
17.81% |
Local G.O. |
17.30% |
Assessment District |
2.27% |
Tax-Supported Local Lease |
1.95% |
Tax-Supported State Lease |
1.72% |
State G.O. |
1.11% |
SUBTOTAL |
42.16% |
Prerefunded/ETM |
3.57% |
Insured/Guaranteed |
|
Insured |
3.26% |
SUBTOTAL |
3.26% |
Asset-Backed |
|
Housing - Multi-Family |
2.67% |
SUBTOTAL |
2.67% |
Cash Equivalents |
|
Investment Companies |
0.09% |
SUBTOTAL |
0.09% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
93.68% |
New York |
2.61% |
New Jersey |
1.42% |
Guam |
1.04% |
Nevada |
0.96% |
Ohio |
0.20% |
Other |
0.09% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
10.32% |
AA |
62.28% |
A |
14.80% |
BBB |
5.62% |
BB |
1.37% |
Not Rated |
1.95% |
Pre-refunded Bonds |
3.57% |
Short Term Investments |
0.09% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.09% |
1 to 5 years |
0.96% |
5 to 10 years |
12.09% |
10 to 20 years |
76.99% |
20 to 30 years |
9.87% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
9.34% |
Average Coupon: |
5.42% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
2.20% |
Preferred Stock: |
37.29% |
Tender Option Bonds: |
3.95% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
43.44%* |
Average Maturity: |
6.63 Years |
Effective Duration: |
5.81 Years |
Total Net Assets: |
$200.01 Million** |
Common Stock Net Asset Value: |
$14.90 |
Number of Holdings: |
69 |
Portfolio Turnover: |
25% |
* The total percentage of leverage constitutes 3.95% through the use of tender option bonds, 37.29% in issued and outstanding preferred stock and 2.20% 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article