ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC NEW YORK, Jan. 26, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of December 31, 2015.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) University of California Series 2012G 5.00%, 5/15/31 4.47%
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 3.62%
3) California State Public Works Board Series 2011G 5.25%, 12/01/26 (Prerefunded/ETM) 3.50%
4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 3.48%
5) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 3.18%
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 2.98%
7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 2.90%
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 2.80%
9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 2.66%
10) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 2.66%
Sector/Industry Breakdown Portfolio %
Revenue
Revenue - Miscellaneous 9.72%
Water & Sewer 9.35%
Toll Roads/Transit 7.48%
Electric Utility 5.02%
Higher Education - Public 4.47%
Health Care - Not-for-Profit 3.63%
Port 3.04%
Primary/Secondary Ed. - Public 2.65%
Higher Education - Private 2.10%
Airport 1.72%
Senior Living 1.63%
Primary/Secondary Ed. - Private 1.38%
SUBTOTAL 52.19%
Tax Supported
Special Tax 15.60%
Local G.O. 11.56%
Tax-Supported Local Lease 5.20%
Assessment District 2.28%
State G.O. 1.14%
SUBTOTAL 35.78%
Prerefunded/ETM 6.00%
Insured/Guaranteed
Insured 3.15%
SUBTOTAL 3.15%
Asset-Backed
Housing - Multi-Family 2.64%
SUBTOTAL 2.64%
Cash Equivalents
Investment Companies 0.24%
SUBTOTAL 0.24%
Total 100.00%
State Breakdown Portfolio %
California 91.47%
New York 2.66%
Florida 1.43%
Guam 1.04%
Nevada 0.94%
Minnesota 0.60%
Indiana 0.54%
Pennsylvania 0.52%
Missouri 0.51%
Ohio 0.05%
Other 0.24%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 12.44%
AA 57.17%
A 10.06%
BBB 10.96%
B 1.33%
Not Rated 1.80%
Pre-refunded Bonds 6.00%
Short Term Investments 0.24%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.24%
1 to 5 years 0.94%
5 to 10 years 8.43%
10 to 20 years 71.01%
20 to 30 years 19.38%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 7.93%
Average Coupon: 5.38%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.60%
Auction Preferred Shares (APS): 15.04%
Tender Option Bonds: 4.28%
Variable Rate MuniFund Term Preferred Shares (VMTPs): 20.20%
Total Fund Leverage: 40.12%*
Average Effective Maturity: 6.20 Years
Effective Duration: 5.50 Years
Total Net Assets: $161.87 Million**
Common Stock Net Asset Value: $15.43
Number of Holdings: 75
Portfolio Turnover: 18%
* The total percentage of leverage constitutes 4.28% through the use
of tender option bonds, 15.04% in issued and outstanding APS,
20.20% in issued and outstanding VMTPs and 0.60% 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.
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SOURCE Alliance California Municipal Income Fund, Inc.
