NEW YORK, Dec. 20, 2018 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. AKP (the "Fund") today released its monthly portfolio update as of November 30, 2018.
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 | 3.43% | |
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 | 3.40% | |
3) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 | 2.84% | |
4) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 | 2.84% | |
5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 | 2.82% | |
6) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) | 2.82% | |
7) City of San Francisco CA Public Utilities Commission Wastewater Revenue (San Francisco City & County Public Utilities Commission Wastewater Revenue) Series 2013B 5.00%, 10/01/32 | 2.60% | |
8) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 | 2.38% | |
9) University of California Series 2012G 5.00%, 5/15/31 | 2.37% | |
10) California Statewide Communities Development Authority(Buck Institute for Research on Aging) AGM Series 2014 5.00%, 11/15/44 | 2.18% | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 10.59% | |
Revenue - Miscellaneous | 10.01% | |
Water & Sewer | 8.41% | |
Primary/Secondary Ed. - Public | 4.96% | |
Electric Utility | 4.37% | |
Toll Roads/Transit | 3.74% | |
Port | 3.69% | |
Tobacco Securitization | 2.41% | |
Higher Education - Public | 2.37% | |
Airport | 2.13% | |
Senior Living | 1.66% | |
Higher Education - Private | 1.60% | |
Primary/Secondary Ed. - Private | 1.39% | |
SUBTOTAL | 57.33% | |
Tax Supported | ||
Local G.O. | 9.90% | |
Special Tax | 9.06% | |
Tax-Supported Local Lease | 7.85% | |
Assessment District | 3.29% | |
State G.O. | 1.11% | |
SUBTOTAL | 31.21% | |
Prerefunded/ETM | 9.95% | |
Asset-Backed | ||
Housing - Multi-Family | 1.27% | |
SUBTOTAL | 1.27% | |
Cash Equivalents | ||
Investment Companies | 0.24% | |
SUBTOTAL | 0.24% | |
Total | 100.00% | |
State Breakdown | Portfolio % | |
California | 91.75% | |
New York | 1.68% | |
Guam | 1.45% | |
Florida | 1.43% | |
New Jersey | 1.25% | |
Minnesota | 0.61% | |
Illinois | 0.54% | |
Missouri | 0.53% | |
Pennsylvania | 0.52% | |
Other | 0.24% | |
Total Investments | 100.00% | |
Credit Quality Breakdown | Portfolio % | |
AAA | 10.30% | |
AA | 44.39% | |
A | 13.97% | |
BBB | 15.37% | |
BB | 1.88% | |
B | 1.27% | |
Not Rated | 2.63% | |
Pre-refunded Bonds | 9.95% | |
Short-Term Investments | 0.24% | |
Total Investments | 100.00% | |
Bonds By Maturity | Portfolio % | |
Less than 1 year | 0.24% | |
1 to 5 years | 0.00% | |
5 to 10 years | 13.24% | |
10 to 20 years | 59.69% | |
20 to 30 years | 24.62% | |
More Than 30 years | 2.21% | |
Other | 0.00% | |
Total Investments | 100.00% | |
Portfolio Statistics: | ||
AMT Percent: | 3.27% | |
Average Coupon: | 5.18% | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00% | |
Investment Operations: | 0.55% | |
Auction Preferred Shares (APS): | 15.59% | |
Tender Option Bonds: | 4.17% | |
Variable Rate MuniFund Term Preferred Shares (VMTPs): | 20.93% | |
Total Fund Leverage: | 41.24%* | |
Average Effective Maturity: | 5.19 Years | |
Effective Duration: | 4.49 Years | |
Total Net Assets: | $153.90 Million** | |
Common Stock Net Asset Value: | $14.50 | |
Number of Holdings: | 88 | |
Portfolio Turnover: | 18% | |
* The total percentage of leverage constitutes 4.17% through the use of tender option bonds, 15.59% in issued and outstanding APS,20.93% in issued and outstanding VMTPs and 0.550% 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.
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