ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC NEW YORK, Nov. 27, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of October 31, 2017.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income
Holdings Portfolio %
1) University of
California Series
2012G 5.00%, 5/15/31 4.44%
2) Los Angeles Department
of Water & Power WTR
Series 2013B 5.00%,
7/01/32 3.50%
3) Los Angeles County
Metropolitan
Transportation Authority
(Los Angeles County
Metropolitan
Transportation Authority
Sales Tax) Series 2009
5.00%, 7/01/25 3.44%
4) San Diego Unified
School District/CA
Series 2013C 5.00%, 7/
01/32 2.89%
5) Bay Area Toll
Authority Series
2013S 5.00%, 4/01/33
(Prerefunded/ETM) 2.86%
6) Port of Los Angeles
Series 2009C 5.00%,
8/01/26 2.86%
7) San Diego Public
Facilities Financing
Authority 5.00%,
5/15/36 2.86%
8) Metropolitan
Transportation Authority
Series 2014C 5.00%,
11/15/32 2.71%
9) City of San Francisco
CA Public Utilities
Commission Wastewater
Revenue Series 2013B
5.00%, 10/01/32 2.62%
10) San Diego County
Water Authority
Financing Corp.
Series 2013 5.00%,
5/01/31 2.43%
Sector/Industry Breakdown Portfolio %
Revenue
Water & Sewer 9.34%
Revenue - Miscellaneous 8.64%
Health Care - Not-for-
Profit 8.56%
Toll Roads/Transit 4.79%
Higher Education - Public 4.44%
Electric Utility 4.40%
Port 3.74%
Airport 3.03%
Primary/Secondary Ed. -
Public 2.93%
Senior Living 1.64%
Higher Education -
Private 1.62%
Primary/Secondary Ed. -
Private 1.41%
SUBTOTAL 54.54%
Tax Supported
Special Tax 13.07%
Local G.O. 9.54%
Tax-Supported Local Lease 9.26%
Assessment District 4.11%
State G.O. 2.85%
SUBTOTAL 38.83%
Prerefunded/ETM 5.21%
Asset-Backed
Housing - Multi-Family 1.29%
SUBTOTAL 1.29%
Cash Equivalents
Investment Companies 0.13%
SUBTOTAL 0.13%
Total 100.00%
State Breakdown Portfolio %
California 92.50%
New York 2.71%
Florida 1.44%
Guam 1.00%
Minnesota 0.61%
New Jersey 0.54%
Pennsylvania 0.54%
Missouri 0.53%
Other 0.13%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 10.46%
AA 56.55%
A 10.60%
BBB 13.08%
B 1.29%
Not Rated 2.68%
Pre-refunded Bonds 5.21%
Short-Term Investments 0.13%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.13%
1 to 5 years 0.28%
5 to 10 years 10.81%
10 to 20 years 69.31%
20 to 30 years 19.47%
More Than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percent: 4.06%
Average Coupon: 5.17%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Auction Preferred Shares
(APS): 15.02%
Tender Option Bonds: 4.01%
Variable Rate MuniFund
Term Preferred Shares
(VMTPs): 20.17%
Total Fund Leverage: 39.20%*
Average Effective
Maturity: 5.93 Years
Effective Duration: 5.25 Years
Total Net Assets: $161.46 Million**
Common Stock Net Asset
Value: $15.38
Number of Holdings: 86
Portfolio Turnover: 12%
* The total percentage of leverage constitutes 4.01% through the
use of tender option bonds, 15.02% in issued and outstanding
APS,20.17% 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.
