Market Overview

Alliance California Municipal Income Fund Releases Monthly Portfolio Update

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NEW YORK, Feb. 26, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 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

4.46%





3)   Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax)  

      5.00%,   7/01/25

3.78%





4)   California Pub Wks Brd (Univ Of California Lease) Series 2011A   5.25%,   2/01/26

3.56%





5)   Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC

      Series 02   5.375%,   12/01/26

3.17%





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

2.98%





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

2.48%













Sector/Industry Breakdown









Portfolio %





Revenue







Water & Sewer

15.36%





Electric Utility

7.96%





Port

6.02%





Revenue - Miscellaneous

5.78%





Higher Education - Public

3.56%





Airport

2.58%





Higher Education - Private

2.40%





Primary/Secondary Ed. - Private

1.51%





Health Care - Not-for-Profit

1.35%





Industrial Development - Utility

0.19%





SUBTOTAL

46.71%





Tax Supported







Special Tax

22.19%





Local G.O.

10.10%





Tax-Supported Local Lease

3.44%





State G.O.

2.11%





Assessment District

2.02%





Tax-Supported State Lease

1.77%





SUBTOTAL

41.63%





Insured/Guaranteed







Insured

6.60%





SUBTOTAL

6.60%





Asset-Backed







Housing - Multi-Family

2.75%





SUBTOTAL

2.75%





Prerefunded/ETM

2.31%





Total

100.00%













State Breakdown









Portfolio %





California

93.19%





Puerto Rico

4.53%





Nevada

1.05%





Guam

1.04%





Ohio

0.19%





Total Investments

100.00%













Credit Quality Breakdown









Portfolio %





AAA

15.11%





AA

51.95%





A

20.21%





BBB

5.92%





BB

1.45%





Not Rated

3.05%





Pre-refunded Bonds

2.31%





Total Investments

100.00%













Bonds By Maturity









Portfolio %





Less than 1 year

1.80%





1 to 5 years

0.76%





5 to 10 years

8.15%





10 to 20 years

77.38%





20 to 30 years

8.78%





More than 30 years

3.13%





Other

0.00%





Total Investments

100.00%













Portfolio Statistics:







AMT Percentage:

13.54%





Average Coupon:

0.00%





Percentage of Leverage:







Bank Borrowing:

0.00%





Investment Operations:

0.89%





Preferred Stock:

35.96%





Tender Option Bonds:

4.19%





Term Asset-Backed Loans Facility (TALF):

0.00%





Total Fund Leverage:

41.04%*





Average Effective Maturity:

6.19 Years





Effective Duration:

5.51 Years





Total Net Assets:

$201.77 Million**





Common Stock Net Asset Value:

$15.11





Number of Holdings:

78





Portfolio Turnover:

46%













* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 35.96% in issued

  and outstanding preferred stock and 0.89% 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.

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