ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC NEW YORK, March 27, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of February 28, 2017.
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 3.57%
3) Los Angeles Department of Water
& Power WTR Series 2013B
5.00%, 7/01/32 3.52%
4) Port of Los Angeles Series
2009C 5.00%, 8/01/26 2.95%
5) San Diego Unified School
District/CA Series 2013C
5.00%, 7/01/32 2.91%
6) San Diego Public Facilities
Financing Authority 5.00%,
5/15/36 2.83%
7) Bay Area Toll Authority
Series 2013S 5.00%, 4/01/33 2.80%
8) Metropolitan Transportation
Authority Series 2014C 5.00%,
11/15/32 2.65%
9) City of San Francisco CA Public
Utilities Commission Wastewater
Revenue Series 2013B 5.00%,
10/01/32 2.65%
10) San Diego County Water
Authority Financing Corp.
Series 2013 5.00%, 5/01/31 2.44%
Sector/Industry Breakdown Portfolio %
Revenue
Water & Sewer 9.38%
Revenue - Miscellaneous 8.59%
Toll Roads/Transit 7.49%
Electric Utility 6.13%
Health Care - Not-for-Profit 4.80%
Higher Education - Public 4.46%
Port 2.96%
Primary/Secondary Ed. - Public 2.54%
Airport 2.24%
Higher Education - Private 2.12%
Senior Living 1.64%
Primary/Secondary Ed. - Private 1.44%
SUBTOTAL 53.79%
Tax Supported
Special Tax 12.91%
Local G.O. 11.67%
Tax-Supported Local Lease 9.15%
Assessment District 5.31%
State G.O. 1.12%
SUBTOTAL 40.16%
Prerefunded/ETM 4.59%
Asset-Backed
Housing - Multi-Family 1.27%
SUBTOTAL 1.27%
Cash Equivalents
Investment Companies 0.19%
SUBTOTAL 0.19%
Total 100.00%
State Breakdown Portfolio %
California 91.16%
New York 2.65%
Florida 1.95%
Guam 1.01%
Nevada 0.87%
Minnesota 0.60%
Missouri 0.53%
New Jersey 0.52%
Pennsylvania 0.52%
Ohio 0.00%
Other 0.19%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 10.57%
AA 59.16%
A 11.42%
BBB 9.77%
B 1.27%
Not Rated 3.03%
Pre-refunded Bonds 4.59%
Short-Term Investments 0.19%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.19%
1 to 5 years 1.15%
5 to 10 years 9.32%
10 to 20 years 70.62%
20 to 30 years 17.62%
More Than 30 years 1.10%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percent: 5.81%
Average Coupon: 5.30%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 3.17%
Auction Preferred Shares (APS): 15.28%
Tender Option Bonds: 4.08%
Variable Rate MuniFund Term Preferred Shares (VMTPs): 20.52%
Total Fund Leverage: 43.05%*
Average Effective Maturity: 7.02 Years
Effective Duration: 5.45 Years
Total Net Assets: $157.84 Million**
Common Stock Net Asset Value: $14.96
Number of Holdings: 83
Portfolio Turnover: 12%
* The total percentage of leverage
constitutes 4.08% through the use
of tender option bonds, 15.28% in
issued and outstanding APS,20.52%
in issued and outstanding VMTPs and
3.170% 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
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SOURCE Alliance California Municipal Income Fund, Inc.
