ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC NEW YORK, Aug. 21, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of July 31, 2015.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income
Holdings Portfolio %
1) University of
California Series 2012G
5.00%, 5/15/31 4.49%
2) Los Angeles County
Metropolitan
Transportation Authority
Series 2009 5.00%,
7/01/25 3.73%
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 3.46%
5) Los Angeles Community
Redevelopment Agency
AMBAC Series 2002A
5.375%, 12/01/26 3.25%
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 2.87%
8) Bay Area Toll Authority
Series 2013S 5.00%,
4/01/33 2.72%
9) Metropolitan
Transportation Authority
Series 2014C 5.00%,
11/15/32 2.63%
10) City of San Francisco
CA Public Utilities
Commission Wastewater
Revenue Series 2013B
5.00%, 10/01/32 2.61%
Sector/Industry Breakdown Portfolio %
Revenue
Water & Sewer 10.17%
Revenue - Miscellaneous 9.75%
Toll Roads/Transit 8.80%
Electric Utility 4.51%
Higher Education - Public 4.49%
Port 3.09%
Health Care - Not-for-
Profit 3.00%
Higher Education - Private 2.25%
Airport 1.76%
Primary/Secondary Ed. -
Private 1.41%
Primary/Secondary Ed. -
Public 0.88%
Industrial Development -
Utility 0.14%
SUBTOTAL 50.25%
Tax Supported
Special Tax 15.83%
Local G.O. 11.59%
Tax-Supported Local Lease 4.60%
Assessment District 2.32%
Tax-Supported State Lease 1.72%
State G.O. 1.13%
SUBTOTAL 37.19%
Prerefunded/ETM 6.17%
Insured/Guaranteed
Insured 3.26%
SUBTOTAL 3.26%
Asset-Backed
Housing - Multi-Family 2.71%
SUBTOTAL 2.71%
Cash Equivalents
Investment Companies 0.42%
SUBTOTAL 0.42%
Total 100.00%
State Breakdown Portfolio %
California 90.35%
New York 2.63%
New Jersey 1.44%
Florida 1.42%
Guam 1.05%
Nevada 0.99%
Indiana 0.53%
Missouri 0.52%
Pennsylvania 0.51%
Ohio 0.14%
Other 0.42%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 10.37%
AA 57.71%
A 11.53%
BBB 10.51%
B 1.37%
Not Rated 1.92%
Pre-refunded Bonds 6.17%
Short Term Investments 0.42%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.42%
1 to 5 years 3.59%
5 to 10 years 11.90%
10 to 20 years 69.27%
20 to 30 years 14.82%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 8.74%
Average Coupon: 5.20%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Preferred Stock: 36.92%
Tender Option Bonds: 4.33%
Term Asset-Backed Loans
Facility (TALF): 0.00%
Total Fund Leverage: 41.25%*
Average Effective
Maturity: 6.17 Years
Effective Duration: 5.46 Years
Total Net Assets: $198.82 Million**
Common Stock Net Asset
Value: $14.76
Number of Holdings: 72
Portfolio Turnover: 32%
* The total percentage of leverage constitutes 4.33% through the
use of tender option bonds, 36.92% in issued and outstanding
preferred stock 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 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300131927.html
SOURCE Alliance California Municipal Income Fund, Inc.
