ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC NEW YORK, May 26, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of April 30, 2017.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) University of California Series 2012G 5.00%,
5/15/31 4.52%
2) Los Angeles County Metropolitan Transportation
Authority (Los Angeles County Metropolitan
Transportation Authority Sales Tax) Series 2009
5.00%, 7/01/25 3.55%
3) Los Angeles Department of Water & Power WTR
Series 2013B 5.00%, 7/01/32 3.54%
4) Port of Los Angeles Series 2009C 5.00%, 8/01/26 2.94%
5) San Diego Unified School District/CA Series
2013C 5.00%, 7/01/32 2.93%
6) San Diego Public Facilities Financing Authority
5.00%, 5/15/36 2.85%
7) Bay Area Toll Authority Series 2013S 5.00%,
4/01/33 2.82%
8) Metropolitan Transportation Authority Series
2014C 5.00%, 11/15/32 2.66%
9) City of San Francisco CA Public Utilities Commission
Wastewater Revenue Series 2013B 5.00%, 10/01/32 2.65%
10) San Diego County Water Authority Financing Corp.
Series 2013 5.00%, 5/01/31 2.44%
Sector/Industry Breakdown
Portfolio %
Revenue
Water & Sewer 9.43%
Revenue - Miscellaneous 8.64%
Toll Roads/Transit 7.54%
Health Care - Not-for-Profit 5.89%
Higher Education - Public 4.52%
Electric Utility 4.45%
Airport 3.05%
Port 2.95%
Primary/Secondary Ed. - Public 2.58%
Senior Living 1.64%
Higher Education - Private 1.59%
Primary/Secondary Ed. - Private 1.44%
SUBTOTAL 53.72%
Tax Supported
Local G.O. 11.78%
Special Tax 11.21%
Tax-Supported Local Lease 9.23%
Assessment District 5.31%
State G.O. 2.82%
SUBTOTAL 40.35%
Prerefunded/ETM 4.57%
Asset-Backed
Housing - Multi-Family 1.28%
SUBTOTAL 1.28%
Cash Equivalents
Investment Companies 0.08%
SUBTOTAL 0.08%
Total 100.00%
State Breakdown
Portfolio %
California 91.75%
New York 2.66%
Florida 1.44%
Guam 1.02%
Nevada 0.86%
Minnesota 0.61%
Missouri 0.53%
Pennsylvania 0.53%
New Jersey 0.52%
Other 0.08%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 10.62%
AA 60.02%
A 10.50%
BBB 9.89%
B 1.28%
Not Rated 3.04%
Pre-refunded Bonds 4.57%
Short-Term Investments 0.08%
Total Investments 100.00%
Bonds By Maturity
Portfolio %
Less than 1 year 0.94%
1 to 5 years 0.29%
5 to 10 years 9.29%
10 to 20 years 72.33%
20 to 30 years 16.59%
More Than 30 years 0.56%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percent: 4.79%
Average Coupon: 5.18%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Auction Preferred Shares (APS): 15.21%
Tender Option Bonds: 4.06%
Variable Rate MuniFund Term Preferred Shares (VMTPs): 20.43%
Total Fund Leverage: 39.70%*
Average Effective Maturity:
6.86 Years
Effective Duration:
5.34 Years
Total Net Assets:
$158.95 Million**
Common Stock Net Asset Value: $15.09
Number of Holdings: 84
Portfolio Turnover: 12%
* The total percentage of leverage constitutes 4.06% through the use of tender option bonds, 15.21% in issued and outstanding APS,20.43% 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.
