Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Alliance California Municipal Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Oct. 22, 2018 /PRNewswire/ --Alliance California Municipal Income Fund, Inc. AKP (the "Fund") today released its monthly portfolio update as of September 30, 2018.

Alliance California Municipal Income Fund, Inc.







































































Top 10 Fixed-Income Holdings



Portfolio %































1) Los Angeles Department of Water    Series 2013B  5.00%, 7/01/32

3.42%































2) Los Angeles County Metropolitan Transportation Authority  (Los Angeles County Metropolitan Transportation Authority Sales Tax)  Series 2009  5.00%, 7/01/25

3.40%































3) San Diego Public Facilities Financing Authority      5.00%, 5/15/36

2.85%































4) San Diego Unified School District/CA    Series 2013C  5.00%, 7/01/32

2.84%































5) Port of Los Angeles    Series 2009C  5.00%, 8/01/26

2.82%































6) Bay Area Toll Authority    Series 2013S  5.00%, 4/01/33 (Prerefunded/ETM)

2.80%































7) City of San Francisco CA Public Utilities Commission Wastewater Revenue  (San Francisco City & County Public Utilities Commission Wastewater Revenue)  Series 2013B  5.00%, 10/01/32

2.59%































8) University of California    Series 2012G  5.00%, 5/15/31

2.37%































9) San Diego County Water Authority Financing Corp.    Series 2013  5.00%, 5/01/31

2.37%































10) California Statewide Communities Development Authority(Buck Institute for Research on Aging)  AGM  Series 2014  5.00%, 11/15/44

2.16%



































































Sector/Industry Breakdown



Portfolio %































Revenue



































Health Care - Not-for-Profit



10.11%































Revenue - Miscellaneous



10.01%































Water & Sewer



8.38%































Electric Utility



4.36%































Primary/Secondary Ed. - Public



4.12%































Toll Roads/Transit



3.76%































Port



3.68%































Airport



2.99%































Tobacco Securitization



2.45%































Higher Education - Public



2.37%































Senior Living



1.64%































Higher Education - Private



1.61%































Primary/Secondary Ed. - Private



1.39%































SUBTOTAL



56.87%































Tax Supported



































Local G.O.



9.86%































Special Tax



9.24%































Tax-Supported Local Lease



7.21%































Assessment District



4.21%































State G.O.



1.11%































SUBTOTAL



31.63%































Prerefunded/ETM



9.92%































Asset-Backed



































Housing - Multi-Family



1.28%































SUBTOTAL



1.28%































Cash Equivalents



































Investment Companies



0.30%































SUBTOTAL



0.30%































Total



100.00%



































































State Breakdown



Portfolio %































California



91.64%































New York



1.68%































Guam



1.46%































Florida



1.43%































New Jersey



1.27%































Minnesota



0.61%































Illinois



0.55%































Missouri



0.53%































Pennsylvania



0.53%































Other



0.30%































Total Investments



100.00%



































































Credit Quality Breakdown



Portfolio %































AAA



10.25%































AA



45.64%































A



13.95%































BBB



14.11%































BB



1.92%































B



1.28%































Not Rated



2.63%































Pre-refunded Bonds



9.92%































Short-Term Investments



0.30%































Total Investments



100.00%



































































Bonds By Maturity



Portfolio %































Less than 1 year



0.30%































1 to 5 years



0.00%































5 to 10 years



13.22%































10 to 20 years



60.95%































20 to 30 years



23.29%































More Than 30 years



2.24%































Other



0.00%































Total Investments



100.00%



































































Portfolio Statistics:



































AMT Percent:



3.31%































Average Coupon:



5.24%































Percentage of Leverage:



































Bank Borrowing:



0.00%































Investment Operations:



0.72%































Auction Preferred Shares (APS):



15.51%































Tender Option Bonds:



4.14%































Variable Rate MuniFund Term Preferred Shares (VMTPs):

20.83%































Total Fund Leverage:



41.20%*































Average Effective Maturity:



5.21  Years































Effective Duration:



4.64  Years































Total Net Assets:



$154.86 Million**































Common Stock Net Asset Value:



$14.61































Number of Holdings:



87































Portfolio Turnover:



18%



































































* The total percentage of leverage constitutes 4.14% through the use of tender option bonds, 15.51% in issued and outstanding APS,20.83%  in issued and outstanding VMTPs and 0.720% 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 $29,875,000 of APS at liquidation value.The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes.





















































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.



















 

Cision View original content:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300735453.html

SOURCE Alliance California Municipal Income Fund, Inc.

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