Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 25, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2019.
Alliance California Municipal Income Fund, Inc. |
||
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Los Angeles Department of Water Series 2013B 5.00%, 7/01/32 |
3.46% |
|
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.38% |
|
3) San Diego Public Facilities Financing Authority Series 2010A 5.00%, 5/15/36 |
2.88% |
|
4) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.87% |
|
5) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) |
2.83% |
|
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.80% |
|
7) San Francisco City & County Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.62% |
|
8) San Diego County Water Authority Series 2013 5.00%, 5/01/31 |
2.39% |
|
9) University of California Series 2012G 5.00%, 5/15/31 |
2.39% |
|
10) California Statewide Communities Development Authority(Buck Institute for Research on Aging) AGM Series 2014 5.00%, 11/15/44 |
2.21% |
|
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
||
Revenue - Miscellaneous |
10.90% |
|
Health Care - Not-for-Profit |
10.07% |
|
Water & Sewer |
9.09% |
|
Primary/Secondary Ed. - Public |
4.98% |
|
Higher Education - Private |
3.78% |
|
Toll Roads/Transit |
3.76% |
|
Airport |
3.53% |
|
Electric Utility |
2.96% |
|
Port |
2.80% |
|
Tobacco Securitization |
2.41% |
|
Higher Education - Public |
2.39% |
|
Senior Living |
1.68% |
|
Primary/Secondary Ed. - Private |
1.38% |
|
SUBTOTAL |
59.73% |
|
Tax Supported |
||
Local G.O. |
9.93% |
|
Special Tax |
9.02% |
|
Tax-Supported Local Lease |
6.15% |
|
Assessment District |
2.83% |
|
State G.O. |
1.12% |
|
SUBTOTAL |
29.05% |
|
Prerefunded/ETM |
9.97% |
|
Asset-Backed |
||
Housing - Multi-Family |
1.25% |
|
SUBTOTAL |
1.25% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
92.57% |
|
New York |
1.67% |
|
Florida |
1.45% |
|
Guam |
1.45% |
|
New Jersey |
1.25% |
|
Illinois |
0.55% |
|
Missouri |
0.53% |
|
Pennsylvania |
0.53% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
11.28% |
|
AA |
40.60% |
|
A |
14.83% |
|
BBB |
16.36% |
|
BB |
3.08% |
|
B |
1.25% |
|
Not Rated |
2.63% |
|
Pre-refunded Bonds |
9.97% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
0.00% |
|
1 to 5 years |
0.00% |
|
5 to 10 years |
13.19% |
|
10 to 20 years |
56.02% |
|
20 to 30 years |
26.66% |
|
More Than 30 years |
4.13% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
||
AMT Percent: |
3.25% |
|
Average Coupon: |
5.17% |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
1.41% |
|
Auction Preferred Shares (APS): |
15.13% |
|
Tender Option Bonds: |
4.04% |
|
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.33% |
|
Total Fund Leverage: |
40.91%* |
|
Average Effective Maturity: |
5.17 Years |
|
Effective Duration: |
4.49 Years |
|
Total Net Assets: |
$155.72 Million** |
|
Common Stock Net Asset Value: |
$14.71 |
|
Number of Holdings: |
86 |
|
Portfolio Turnover: |
17% |
* The total percentage of leverage constitutes 4.04% through the use of tender option bonds, 15.13% in issued and outstanding APS,20.33% in issued and outstanding VMTPs and 1.410% 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. The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which 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.
SOURCE Alliance California Municipal Income Fund, Inc.
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