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Alliance California Municipal Income Fund Releases Monthly Portfolio Update
PRNewswire 25-Feb-2019 4:06 PM
NEW YORK, Feb. 25, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE:AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2019.
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Alliance California Municipal Income Fund, Inc.
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) Los Angeles Department of Water Series 2013B 5.00%, 7/01/32
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3.46%
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2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25
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3.38%
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3) San Diego Public Facilities Financing Authority Series 2010A 5.00%, 5/15/36
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2.88%
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4) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32
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2.87%
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5) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM)
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2.83%
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6) Port of Los Angeles Series 2009C 5.00%, 8/01/26
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2.80%
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7) San Francisco City & County Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32
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2.62%
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8) San Diego County Water Authority Series 2013 5.00%, 5/01/31
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2.39%
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9) University of California Series 2012G 5.00%, 5/15/31
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2.39%
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10) California Statewide Communities Development Authority(Buck Institute for Research on Aging) AGM Series 2014 5.00%, 11/15/44
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2.21%
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Sector/Industry Breakdown
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Portfolio %
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Revenue
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Revenue - Miscellaneous
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10.90%
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Health Care - Not-for-Profit
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10.07%
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Water & Sewer
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9.09%
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Primary/Secondary Ed. - Public
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4.98%
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Higher Education - Private
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3.78%
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Toll Roads/Transit
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3.76%
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Airport
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3.53%
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Electric Utility
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2.96%
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Port
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2.80%
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Tobacco Securitization
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2.41%
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Higher Education - Public
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2.39%
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Senior Living
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1.68%
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Primary/Secondary Ed. - Private
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1.38%
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SUBTOTAL
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59.73%
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Tax Supported
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Local G.O.
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9.93%
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Special Tax
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9.02%
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Tax-Supported Local Lease
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6.15%
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Assessment District
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2.83%
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State G.O.
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1.12%
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SUBTOTAL
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29.05%
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Prerefunded/ETM
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9.97%
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Asset-Backed
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Housing - Multi-Family
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1.25%
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SUBTOTAL
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1.25%
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Total
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100.00%
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State Breakdown
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Portfolio %
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California
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92.57%
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New York
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1.67%
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Florida
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1.45%
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Guam
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1.45%
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New Jersey
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1.25%
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Illinois
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0.55%
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Missouri
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0.53%
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Pennsylvania
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0.53%
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Total Investments
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100.00%
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Credit Quality Breakdown
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Portfolio %
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AAA
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11.28%
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AA
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40.60%
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A
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14.83%
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BBB
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16.36%
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BB
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3.08%
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B
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1.25%
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Not Rated
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2.63%
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Pre-refunded Bonds
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9.97%
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Total Investments
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100.00%
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Bonds By Maturity
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Portfolio %
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Less than 1 year
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0.00%
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1 to 5 years
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0.00%
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5 to 10 years
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13.19%
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10 to 20 years
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56.02%
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20 to 30 years
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26.66%
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More Than 30 years
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4.13%
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Other
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0.00%
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Total Investments
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100.00%
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Portfolio Statistics:
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AMT Percent:
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3.25%
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Average Coupon:
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5.17%
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Percentage of Leverage:
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Bank Borrowing:
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0.00%
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Investment Operations:
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1.41%
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Auction Preferred Shares (APS):
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15.13%
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Tender Option Bonds:
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4.04%
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Variable Rate MuniFund Term Preferred Shares (VMTPs):
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20.33%
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Total Fund Leverage:
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40.91%*
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Average Effective Maturity:
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5.17 Years
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Effective Duration:
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4.49 Years
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Total Net Assets:
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$155.72 Million**
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Common Stock Net Asset Value:
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$14.71
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Number of Holdings:
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86
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Portfolio Turnover:
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17%
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* The total percentage of leverage constitutes 4.04% through the use of tender option bonds, 15.13% in issued and outstanding APS,20.33% in issued and outstanding VMTPs and 1.410% 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.
View original content:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300801482.html
SOURCE Alliance California Municipal Income Fund, Inc.
