Alliance California Municipal Income Fund Releases Monthly Portfolio Update - CBS 5 - KPHO

Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Alliance California Municipal Income Fund, Inc.

NEW YORK, July 28, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of June 30, 2014.

 

Alliance California Municipal Income Fund, Inc.






Top 10 Fixed-Income Holdings

Portfolio %

1) Univ of California Series 2012G 5.00%, 5/15/31

4.46%

2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty CA MTA Sales Tax) 5.00%, 7/01/25

3.80%

3) California Pub Wks Brd Series 2011G 5.25%, 12/01/26

3.66%

4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32

3.48%

5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA CRA Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26

3.27%

6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26

3.17%

7) San Diego CA USD GO Series 2013C 5.00%, 07/01/32

2.86%

8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33

2.75%

9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32

2.63%

10) San Diego CA Wtr 5.00%, 5/01/31

2.44%



Sector/Industry Breakdown

Portfolio %

Revenue


Water & Sewer

14.83%

Revenue - Miscellaneous

7.27%

Electric Utility

6.01%

Higher Education - Public

4.46%

Port

3.17%

Toll Roads/Transit

2.75%

Higher Education - Private

2.43%

Airport

1.77%

Primary/Secondary Ed. - Private

1.42%

Health Care - Not-for-Profit

1.37%

Industrial Development - Utility

0.19%

SUBTOTAL

45.67%

Tax Supported


Special Tax

20.35%

Local G.O.

15.54%

Tax-Supported Local Lease

1.97%

Tax-Supported State Lease

1.78%

State G.O.

1.59%

Assessment District

1.01%

SUBTOTAL

42.24%

Prerefunded/ETM

5.91%

Insured/Guaranteed


Insured

3.36%

SUBTOTAL

3.36%

Asset-Backed


Housing - Multi-Family

2.76%

SUBTOTAL

2.76%

Cash Equivalents


Investment Companies

0.06%

SUBTOTAL

0.06%

Total

100.00%



State Breakdown

Portfolio %

California

94.86%

Puerto Rico

2.83%

Guam

1.05%

Nevada

1.01%

Ohio

0.19%

Other

0.06%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

12.28%

AA

57.34%

A

15.87%

BBB

4.43%

BB

2.12%

Not Rated

1.99%

Pre-refunded Bonds

5.91%

Short Term Investments

0.06%

Total Investments

100.00%

Bonds By Maturity



Portfolio %

Less than 1 year

1.06%

1 to 5 years

1.49%

5 to 10 years

9.74%

10 to 20 years

73.45%

20 to 30 years

14.26%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

9.53%

Average Coupon:

5.41%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.66%

Tender Option Bonds:

3.88%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

40.54%*

Average Effective Maturity:

6.73 Years

Effective Duration:

5.72 Years

Total Net Assets:

$197.90 Million**

Common Stock Net Asset Value:

$14.65

Number of Holdings:

71

Portfolio Turnover:

25%



* The total percentage of leverage constitutes 3.88% through the use


of tender option bonds, 36.66% in issued and outstanding preferred


stock 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 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.

 

©2012 PR Newswire. All Rights Reserved.

 
Powered by WorldNow
CBS 5
Powered by WorldNow CNN
All content © 2014, CBS 5 (KPHO Broadcasting Corporation), Phoenix, AZ and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service..