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PRNewswire 26-Mar-2018 4:06 PM
PR Newswire
NEW YORK, March 26, 2018
NEW YORK, March 26, 2018 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE:AKP) (the "Fund") today released its monthly portfolio update as of February 28, 2018.
Alliance California Municipal Income Fund, Inc. |
||
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 |
3.44% |
|
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.43% |
|
3) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.85% |
|
4) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.84% |
|
5) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 |
2.82% |
|
6) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) |
2.81% |
|
7) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 |
2.64% |
|
8) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.60% |
|
9) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 |
2.38% |
|
10) University of California Series 2012G 5.00%, 5/15/31 |
2.37% |
|
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
||
Health Care - Not-for-Profit |
9.22% |
|
Water & Sewer |
9.20% |
|
Revenue - Miscellaneous |
8.51% |
|
Toll Roads/Transit |
4.71% |
|
Electric Utility |
4.37% |
|
Port |
3.71% |
|
Primary/Secondary Ed. - Public |
3.55% |
|
Airport |
3.00% |
|
Higher Education - Public |
2.37% |
|
Senior Living |
1.63% |
|
Higher Education - Private |
1.62% |
|
Primary/Secondary Ed. - Private |
1.40% |
|
SUBTOTAL |
53.29% |
|
Tax Supported |
||
Special Tax |
11.35% |
|
Local G.O. |
9.38% |
|
Tax-Supported Local Lease |
9.14% |
|
Assessment District |
4.06% |
|
State G.O. |
2.79% |
|
SUBTOTAL |
36.72% |
|
Prerefunded/ETM |
8.71% |
|
Asset-Backed |
||
Housing - Multi-Family |
1.28% |
|
SUBTOTAL |
1.28% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
92.31% |
|
New York |
2.64% |
|
Guam |
1.43% |
|
Florida |
1.42% |
|
Minnesota |
0.61% |
|
New Jersey |
0.54% |
|
Pennsylvania |
0.53% |
|
Missouri |
0.52% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
10.30% |
|
AA |
51.49% |
|
A |
11.48% |
|
BBB |
14.09% |
|
B |
1.28% |
|
Not Rated |
2.65% |
|
Pre-refunded Bonds |
8.71% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
0.00% |
|
1 to 5 years |
0.00% |
|
5 to 10 years |
12.62% |
|
10 to 20 years |
66.26% |
|
20 to 30 years |
21.12% |
|
More Than 30 years |
0.00% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
||
AMT Percent: |
3.33% |
|
Average Coupon: |
5.36% |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.60% |
|
Auction Preferred Shares (APS): |
15.38% |
|
Tender Option Bonds: |
4.11% |
|
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.66% |
|
Total Fund Leverage: |
40.75%* |
|
Average Effective Maturity: |
5.73 Years |
|
Effective Duration: |
5.07 Years |
|
Total Net Assets: |
$157.14 Million** |
|
Common Stock Net Asset Value: |
$14.88 |
|
Number of Holdings: |
87 |
|
Portfolio Turnover: |
18% |
|
* The total percentage of leverage constitutes 4.11% through the use of tender option bonds, 15.38% in issued and outstanding APS,20.66% in issued and outstanding VMTPs and 0.600% 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. |
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** 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. |
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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. |
View original content:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300619594.html
SOURCE Alliance California Municipal Income Fund, Inc.