Alliance California Municipal Income Fund Releases Monthly Portfolio Update
by PR Newswire
NEW YORK, Jan. 29, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 31, 2012.
Alliance California Municipal Income Fund, Inc. | |
Top 10 Fixed-Income Holdings | |
Portfolio % | |
1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 | 4.52% |
2) San Francisco City/Cnty CA Pub Util Wtr | 4.46% |
Series 2012C 5.00%, 11/01/26 | |
3) Los Angeles Cnty CA Met Trnsp Auth (Los | 3.80% |
Angeles Cnty Ca Mta Sales Tax) 5.00%, | |
7/01/25 | |
4) California Pub Wks Brd (Univ Of California | 3.52% |
Lease) Series 2011A 5.25%, 12/01/26 | |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca | 3.18% |
Cra Grand Ctrl) AMBAC Series 02 5.375%, | |
12/01/26 | |
6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 | 3.16% |
7) Port of Oakland CA Series 2012P 5.00%, | 2.89% |
5/01/29 | |
8) Puerto Rico Sales Tax Fin Corp. Series 2011A | 2.87% |
5.00%, 8/01/43 | |
9) Clovis CA USD GO Series 2012A 5.00%, | 2.51% |
8/01/28 | |
10) San Diego Cnty CA Regl Trnsp Commn Series | 2.48% |
2012A 5.00%, 4/01/28 | |
Sector/Industry Breakdown | |
Portfolio % | |
Revenue | |
Water & Sewer | 15.30% |
Electric Utility | 8.00% |
Port | 6.05% |
Revenue - Miscellaneous | 5.77% |
Higher Education - Public | 3.52% |
Airport | 2.59% |
Higher Education - Private | 2.39% |
Primary/Secondary Ed. - Private | 1.54% |
Health Care - Not-for-Profit | 1.34% |
Industrial Development - Utility | 0.19% |
SUBTOTAL | 46.69% |
Tax Supported | |
Special Tax | 22.13% |
Local G.O. | 10.14% |
Tax-Supported Local Lease | 3.45% |
State G.O. | 2.09% |
Assessment District | 2.02% |
Tax-Supported State Lease | 1.77% |
SUBTOTAL | 41.60% |
Insured/Guaranteed | |
Insured | 6.63% |
SUBTOTAL | 6.63% |
Asset-Backed | |
Housing - Multi-Family | 2.76% |
SUBTOTAL | 2.76% |
Prerefunded/ETM | 2.32% |
Total | 100.00% |
State Breakdown | |
Portfolio % | |
California | 93.33% |
Puerto Rico | 4.40% |
Nevada | 1.05% |
Guam | 1.03% |
Ohio | 0.19% |
Total Investments | 100.00% |
Credit Quality Breakdown | |
Portfolio % | |
AAA | 15.17% |
AA | 51.98% |
A | 20.14% |
BBB | 5.87% |
BB | 1.45% |
Not Rated | 3.07% |
Pre-refunded Bonds | 2.32% |
Total Investments | 100.00% |
Bonds By Maturity | |
Portfolio % | |
Less than 1 year | 1.81% |
1 to 5 years | 0.76% |
5 to 10 years | 8.15% |
10 to 20 years | 77.49% |
20 to 30 years | 8.75% |
More than 30 years | 3.04% |
Other | 0.00% |
Total Investments | 100.00% |
Portfolio Statistics: | |
AMT Percentage: | 13.58% |
Average Coupon: | 5.39% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 1.01% |
Preferred Stock: | 36.01% |
Tender Option Bonds: | 4.19% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 41.21%* |
Average Effective Maturity: | 6.28 Years |
Effective Duration: | 5.71 Years |
Total Net Assets: | $201.48 Million** |
Common Stock Net Asset Value: | $15.07 |
Number of Holdings: | 78 |
Portfolio Turnover: | 46% |
* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 36.01% in issued and outstanding preferred stock and 1.01% 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.
SOURCE Alliance California Municipal Income Fund, Inc.
