NEW YORK, Feb. 26, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.