Alliance California Municipal Income Fund Releases Monthly Portfolio Update - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Alliance California Municipal Income Fund, Inc.

NEW YORK, June 27, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of May 31, 2014.

Alliance California Municipal Income Fund, Inc.




Top 10 Fixed-Income Holdings Portfolio %

1) Univ of California Series 2012G 5.00%, 5/15/31

4.39%

2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty CA MTA Sales Tax) 5.00%, 7/01/25

3.75%

3) California Pub Wks Brd Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM)

3.60%

4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32

3.43%

5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA CRA Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26

3.20%

6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 

3.13%

7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32

2.80%

8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33

2.70%

9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32

2.59%

10) San Diego CA Wtr 5.00%, 5/01/31

2.40%



Sector/Industry Breakdown Portfolio %

Revenue


Water & Sewer

14.58%

Revenue - Miscellaneous

7.16%

Electric Utility

5.90%

Higher Education - Public

4.39%

Port

3.13%

Toll Roads/Transit

2.70%

Higher Education - Private

2.36%

Airport

1.74%

Primary/Secondary Ed. - Private

1.40%

Health Care - Not-for-Profit

1.34%

Industrial Development - Utility

0.19%

SUBTOTAL

44.89%

Tax Supported


Special Tax

20.02%

Local G.O.

13.60%

Tax-Supported Local Lease

3.35%

Assessment District

1.96%

Tax-Supported State Lease

1.74%

State G.O.

1.56%

SUBTOTAL

42.23%

Prerefunded/ETM

4.83%

Insured/Guaranteed


Insured

3.31%

SUBTOTAL

3.31%

Asset-Backed


Housing - Multi-Family

2.71%

SUBTOTAL

2.71%

Cash Equivalents


Investment Companies

2.03%

SUBTOTAL

2.03%

Total

100.00%

State Breakdown

Portfolio %

California

92.96%

Puerto Rico

2.81%

Guam

1.02%

Nevada

0.99%

Ohio

0.19%

Other

2.03%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

12.10%

AA

55.05%

A

16.69%

BBB

4.30%

BB

2.08%

Not Rated

2.92%

Pre-refunded Bonds

4.83%

Short Term Investments

2.03%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

3.01%

1 to 5 years

1.47%

5 to 10 years

12.66%

10 to 20 years

68.86%

20 to 30 years

14.00%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

9.68%

Average Coupon:

5.33%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.56%

Tender Option Bonds:

3.87%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

40.43%*

Average Effective Maturity:

6.64 Years

Effective Duration:

5.63 Years

Total Net Assets:

$198.43 Million**

Common Stock Net Asset Value:

$14.72

Number of Holdings:

72

Portfolio Turnover:

25%



* The total percentage of leverage constitutes 3.87% through the use of tender option bonds, 36.56% in issued and outstanding preferred stock and 0.00% 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.

©2012 PR Newswire. All Rights Reserved.

 
Powered by WorldNow

News Channel 25 KXXV-TV
P.O. Box 2522
Waco, TX 76702

Phone Numbers:
Main: 254-754-2525
Tip Line: 254-757-2525

Links
Contact Us
KXXV Employment Opportunites
FCC Filings
Advertise on KXXV

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KXXV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.