NEW YORK, July 24, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. AKP (the "Fund") today released its monthly portfolio update as of June 30, 2017.
Alliance California Municipal Income Fund, Inc. |
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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 |
3.49% | |
3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.48% | |
4) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.90% | |
5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.89% | |
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 |
2.75% | |
8) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.64% | |
9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.63% | |
10) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 |
2.42% | |
Sector/Industry Breakdown |
Portfolio % | |
Revenue |
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Water & Sewer |
9.32% | |
Revenue - Miscellaneous |
8.58% | |
Health Care - Not-for-Profit |
8.48% | |
Toll Roads/Transit |
7.47% | |
Higher Education - Public |
4.44% | |
Electric Utility |
4.40% | |
Airport |
3.04% | |
Port |
2.89% | |
Primary/Secondary Ed. - Public |
2.56% | |
Senior Living |
1.64% | |
Higher Education - Private |
1.60% | |
Primary/Secondary Ed. - Private |
1.42% | |
SUBTOTAL |
55.84% | |
Tax Supported |
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Special Tax |
11.06% | |
Local G.O. |
9.53% | |
Tax-Supported Local Lease |
9.19% | |
Assessment District |
5.34% | |
State G.O. |
2.82% | |
SUBTOTAL |
37.94% | |
Prerefunded/ETM |
4.48% | |
Asset-Backed |
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Housing - Multi-Family |
1.25% | |
SUBTOTAL |
1.25% | |
Cash Equivalents |
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Investment Companies |
0.49% | |
SUBTOTAL |
0.49% | |
Total |
100.00% | |
State Breakdown |
Portfolio % | |
California |
91.38% | |
New York |
2.64% | |
Florida |
1.44% | |
Guam |
1.00% | |
Nevada |
0.84% | |
Minnesota |
0.61% | |
Pennsylvania |
0.54% | |
Missouri |
0.53% | |
New Jersey |
0.52% | |
Ohio |
0.01% | |
Other |
0.49% | |
Total Investments |
100.00% | |
Credit Quality Breakdown |
Portfolio % | |
AAA |
10.47% | |
AA |
57.99% | |
A |
10.53% | |
BBB |
11.79% | |
B |
1.25% | |
Not Rated |
3.00% | |
Pre-refunded Bonds |
4.48% | |
Short-Term Investments |
0.49% | |
Total Investments |
100.00% | |
Bonds By Maturity |
Portfolio % | |
Less than 1 year |
1.33% | |
1 to 5 years |
0.28% | |
5 to 10 years |
9.88% | |
10 to 20 years |
69.46% | |
20 to 30 years |
17.41% | |
More Than 30 years |
1.64% | |
Other |
0.00% | |
Total Investments |
100.00% | |
Portfolio Statistics: |
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AMT Percent: |
4.41% | |
Average Coupon: |
5.22% | |
Percentage of Leverage: |
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Bank Borrowing: |
0.00% | |
Investment Operations: |
0.71% | |
Auction Preferred Shares (APS): |
15.10% | |
Tender Option Bonds: |
4.04% | |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.28% | |
Total Fund Leverage: |
40.13%* | |
Average Effective Maturity: |
6.81 Years | |
Effective Duration: |
5.32 Years | |
Total Net Assets: |
$160.40 Million** | |
Common Stock Net Asset Value: |
$15.26 | |
Number of Holdings: |
86 | |
Portfolio Turnover: |
12% | |
* The total percentage of leverage constitutes 4.04% through the use of tender option bonds, 15.10% in issued and outstanding APS, 20.28% in issued and outstanding VMTPs and 0.710% 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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