Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 22, 2018 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 31, 2017.
Alliance California Municipal Income Fund, Inc. | |||||||||
Top 10 Fixed-Income Holdings | Portfolio % | ||||||||
1) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 | 3.48% | ||||||||
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County | 3.41% | ||||||||
3) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 | 2.87% | ||||||||
4) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 | 2.86% | ||||||||
5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 | 2.83% | ||||||||
6) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) | 2.82% | ||||||||
7) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 | 2.69% | ||||||||
8) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 | 2.60% | ||||||||
9) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 | 2.39% | ||||||||
10) University of California 5.00%, 5/15/31 | 2.39% | ||||||||
Sector/Industry Breakdown | Portfolio % | ||||||||
Revenue | |||||||||
Water & Sewer | 9.28% | ||||||||
Health Care - Not-for-Profit | 8.76% | ||||||||
Revenue - Miscellaneous | 8.61% | ||||||||
Toll Roads/Transit | 4.82% | ||||||||
Electric Utility | 4.40% | ||||||||
Higher Education - Public | 4.38% | ||||||||
Port | 3.73% | ||||||||
Primary/Secondary Ed. - Public | 3.26% | ||||||||
Airport | 3.04% | ||||||||
Senior Living | 1.66% | ||||||||
Higher Education - Private | 1.65% | ||||||||
Primary/Secondary Ed. - Private | 1.41% | ||||||||
SUBTOTAL | 55.00% | ||||||||
Tax Supported | |||||||||
Special Tax | 12.61% | ||||||||
Local G.O. | 9.44% | ||||||||
Tax-Supported Local Lease | 9.26% | ||||||||
Assessment District | 4.15% | ||||||||
State G.O. | 2.86% | ||||||||
SUBTOTAL | 38.32% | ||||||||
Prerefunded/ETM | 5.25% | ||||||||
Asset-Backed | |||||||||
Housing - Multi-Family | 1.27% | ||||||||
SUBTOTAL | 1.27% | ||||||||
Cash Equivalents | |||||||||
Investment Companies | 0.16% | ||||||||
SUBTOTAL | 0.16% | ||||||||
Total | 100.00% | ||||||||
State Breakdown | Portfolio % | ||||||||
California | 92.40% | ||||||||
New York | 2.69% | ||||||||
Florida | 1.46% | ||||||||
Guam | 1.04% | ||||||||
Minnesota | 0.62% | ||||||||
New Jersey | 0.55% | ||||||||
Pennsylvania | 0.55% | ||||||||
Missouri | 0.53% | ||||||||
Other | 0.16% | ||||||||
Total Investments | 100.00% | ||||||||
Credit Quality Breakdown | Portfolio % | ||||||||
AAA | 10.33% | ||||||||
AA | 54.38% | ||||||||
A | 10.27% | ||||||||
BBB | 13.67% | ||||||||
B | 1.27% | ||||||||
Not Rated | 4.67% | ||||||||
Pre-refunded Bonds | 5.25% | ||||||||
Short-Term Investments | 0.16% | ||||||||
Total Investments | 100.00% | ||||||||
Bonds By Maturity | Portfolio % | ||||||||
Less than 1 year | 0.16% | ||||||||
1 to 5 years | 0.00% | ||||||||
5 to 10 years | 12.58% | ||||||||
10 to 20 years | 67.86% | ||||||||
20 to 30 years | 19.40% | ||||||||
More Than 30 years | 0.00% | ||||||||
Other | 0.00% | ||||||||
Total Investments | 100.00% | ||||||||
Portfolio Statistics: | |||||||||
AMT Percent: | 3.34% | ||||||||
Average Coupon: | 5.13% | ||||||||
Percentage of Leverage: | |||||||||
Bank Borrowing: | 0.00% | ||||||||
Investment Operations: | 0.00% | ||||||||
Auction Preferred Shares (APS): | 15.05% | ||||||||
Tender Option Bonds: | 4.02% | ||||||||
Variable Rate MuniFund Term Preferred Shares (VMTPs): | 20.22% | ||||||||
Total Fund Leverage: | 39.29%* | ||||||||
Average Effective Maturity: | 5.81 Years | ||||||||
Effective Duration: | 5.16 Years | ||||||||
Total Net Assets: | $161.07 Million** | ||||||||
Common Stock Net Asset Value: | $15.34 | ||||||||
Number of Holdings: | 86 | ||||||||
Portfolio Turnover: | 18% | ||||||||
* The total percentage of leverage constitutes 4.02% through the use of tender option bonds, 15.05% in issued and outstanding APS,20.22% 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.