NEW YORK, March 25, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (AKP) (the "Fund") today released its monthly portfolio update as of February 28, 2013.
Alliance California Municipal Income Fund, Inc.
|
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.55% |
|
2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
4.47% |
|
3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 |
3.79% |
|
4) California Pub Wks Brd (Univ Of California Lease) Series 2011A 5.25%, 12/01/26 |
3.58% |
|
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
3.19% |
|
6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.15% |
|
7) Puerto Rico Sales Tax Fin Corp. Series 2011A 5.00%, 8/01/43 |
3.01% |
|
8) Port of Oakland CA Series 2012P 5.00%, 5/01/29 |
2.88% |
|
9) Clovis CA USD GO Series 2012A 5.00%, 8/01/28 |
2.50% |
|
10) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.47% |
|
Sector/Industry Breakdown |
|
|
Revenue |
Portfolio % |
|
Water & Sewer |
15.36% |
|
Electric Utility |
8.12% |
|
Port |
6.03% |
|
Revenue - Miscellaneous |
5.81% |
|
Higher Education - Public |
3.58% |
|
Airport |
2.60% |
|
Higher Education - Private |
2.41% |
|
Primary/Secondary Ed. - Private |
1.52% |
|
Health Care - Not-for-Profit |
1.35% |
|
Industrial Development - Utility |
0.19% |
|
SUBTOTAL |
46.97% |
|
Tax Supported |
|
|
Special Tax |
22.28% |
|
Local G.O. |
10.12% |
|
Tax-Supported Local Lease |
3.48% |
|
State G.O. |
2.12% |
|
Assessment District |
2.01% |
|
Tax-Supported State Lease |
1.78% |
|
SUBTOTAL |
41.79% |
|
Insured/Guaranteed |
|
|
Insured |
6.65% |
|
SUBTOTAL |
6.65% |
|
Asset-Backed |
|
|
Housing - Multi-Family |
2.77% |
|
SUBTOTAL |
2.77% |
|
Prerefunded/ETM |
1.82% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
93.16% |
|
Puerto Rico |
4.56% |
|
Guam |
1.05% |
|
Nevada |
1.04% |
|
Ohio |
0.19% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
15.16% |
|
AA |
52.17% |
|
A |
20.38% |
|
BBB |
5.96% |
|
BB |
1.45% |
|
Not Rated |
3.06% |
|
Pre-refunded Bonds |
1.82% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
1.32% |
|
1 to 5 years |
0.76% |
|
5 to 10 years |
8.20% |
|
10 to 20 years |
77.70% |
|
20 to 30 years |
8.86% |
|
More than 30 years |
3.16% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
|
|
AMT Percentage: |
13.55% |
|
Average Coupon: |
5.41% |
|
Percentage of Leverage: |
|
|
Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.19% |
|
Preferred Stock: |
35.95% |
|
Tender Option Bonds: |
4.19% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
40.33%* |
|
Average Effective Maturity: |
6.10 Years |
|
Effective Duration: |
5.46 Years |
|
Total Net Assets: |
$201.82 Million** |
|
Common Stock Net Asset Value: |
$15.11 |
|
Number of Holdings: |
77 |
|
Portfolio Turnover: |
46% |
* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 35.95% in issued and outstanding preferred stock and 0.19% 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.
