ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC NEW YORK, July 25, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of June 30, 2016.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) University of California Series 2012G 5.00%, 5/15/31 4.46%
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 3.51%
3) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 3.51%
4) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 3.11%
5) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 2.96%
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 2.91%
7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 2.91%
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 2.83%
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 2.73%
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 2.67%
Sector/Industry Breakdown Portfolio %
Revenue
Revenue - Miscellaneous 9.79%
Water & Sewer 9.43%
Toll Roads/Transit 7.68%
Electric Utility 4.47%
Higher Education - Public 4.46%
Health Care - Not-for-Profit 3.74%
Port 2.92%
Higher Education - Private 2.65%
Primary/Secondary Ed. - Public 2.60%
Senior Living 1.71%
Airport 1.67%
Primary/Secondary Ed. - Private 1.46%
SUBTOTAL 52.58%
Tax Supported
Special Tax 15.51%
Local G.O. 13.12%
Tax-Supported Local Lease 8.26%
Assessment District 2.28%
State G.O. 1.15%
SUBTOTAL 40.32%
Prerefunded/ETM 4.54%
Asset-Backed
Housing - Multi-Family 2.56%
SUBTOTAL 2.56%
Total 100.00%
State Breakdown Portfolio %
California 91.00%
New York 2.73%
Florida 2.04%
Guam 1.06%
Nevada 0.89%
Minnesota 0.62%
Pennsylvania 0.55%
Missouri 0.55%
Indiana 0.55%
Ohio 0.01%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 11.79%
AA 58.76%
A 11.24%
BBB 10.56%
B 1.28%
Not Rated 1.83%
Pre-refunded Bonds 4.54%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.00%
1 to 5 years 1.87%
5 to 10 years 4.09%
10 to 20 years 73.71%
20 to 30 years 19.00%
More than 30 years 1.33%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 8.49%
Average Coupon: 5.24%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Auction Preferred Shares (APS): 14.51%
Tender Option Bonds: 3.88%
Variable Rate MuniFund Term Preferred Shares (VMTPs): 19.49%
Total Fund Leverage: 37.88%*
Average Effective Maturity: 6.05 Years
Effective Duration: 5.39 Years
Total Net Assets: $168.72 Million**
Common Stock Net Asset Value: $16.23
Number of Holdings: 73
Portfolio Turnover: 18%
* The total percentage of leverage constitutes 3.88% through the use of tender option bonds, 14.51% in issued and outstanding APS, 19.49% in issued and outstanding VMTPs and 0.00% 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.
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SOURCE Alliance California Municipal Income Fund, Inc.
