Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, June 28, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. AKP (the "Fund") today released its monthly portfolio update as of May 31, 2019.

Alliance California Municipal Income Fund, Inc.















Top 10 Fixed-Income Holdings



Portfolio %

1) State of California    Series 2009A  1.25%, 5/01/33

4.67%

2) State of California    Series 2004A5  1.35%, 5/01/34

4.67%

3) City of Irvine CA  (City of Irvine CA Assessment District No 97-17)    1.23%, 9/02/23

4.52%

4) State of California    Series 2018B  1.18%, 5/01/40

4.45%

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

4.44%

6) University of California    Series 2018A  1.29%, 5/15/48

4.29%

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

4.10%

8) San Diego County Water Authority    Series 2013  5.00%, 5/01/31

3.74%

9) State of California      1.20%, 5/01/34



3.21%

10) California State Public Works Board    Series 2011G  5.25%, 12/01/26 (Prerefunded/ETM)

3.17%







Sector/Industry Breakdown



Portfolio %

Cash Equivalents





U.S. Treasury



42.80%

Investment Companies



1.05%

SUBTOTAL



43.85%

Note/VRDBs





Money Market



28.46%

SUBTOTAL



28.46%

Prerefunded/ETM



15.60%

Revenue





Water & Sewer



7.85%

Higher Education - Private



1.71%

Revenue - Miscellaneous



1.13%

SUBTOTAL



10.69%

Tax Supported





Special Tax



1.40%

SUBTOTAL



1.40%

Total



100.00%







State Breakdown



Portfolio %

California



56.15%

Other



43.85%

Total Investments



100.00%







Credit Quality Breakdown



Portfolio %

AAA



3.74%

AA



6.64%

BB



1.71%

Pre-refunded Bonds



15.60%

Short-Term Investments



72.31%

Total Investments



100.00%







Bonds By Maturity



Portfolio %

Less than 1 year



72.31%

1 to 5 years



0.00%

5 to 10 years



4.30%

10 to 20 years



22.55%

20 to 30 years



0.84%

More Than 30 years



0.00%

Other



0.00%

Total Investments



100.00%







Portfolio Statistics:





AMT Percent:



3.58%

Average Coupon:



1.66%

Percentage of Leverage:





Bank Borrowing:



0.00%

Investment Operations:



0.00%

Auction Preferred Shares (APS):



0.00%

Tender Option Bonds:



0.00%

Variable Rate MuniFund Term Preferred Shares (VMTPs):

0.00%

Total Fund Leverage:



0.00%

Average Effective Maturity:



0.94  Years

Effective Duration:



0.88  Years

Total Net Assets:



$128.81 Million

Common Stock Net Asset Value:



$15.06

Number of Holdings:



25

Portfolio Turnover:



17%

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-300878055.html

SOURCE Alliance California Municipal Income Fund, Inc.

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