NEW YORK, Nov. 26, 2018 /PRNewswire/ -- Alliance California
Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released
its monthly portfolio update as of October
31, 2018.
|
Alliance California
Municipal Income Fund, Inc.
|
|
|
|
|
|
|
|
|
Top 10
Fixed-Income Holdings
|
Portfolio
%
|
|
1) Los Angeles
Department of Water Series 2013B 5.00%,
7/01/32
|
3.46%
|
|
2) Los Angeles County
Metropolitan Transportation Authority (Los Angeles County
Metropolitan Transportation Authority Sales Tax) Series
2009 5.00%, 7/01/25
|
3.45%
|
|
3) Port of Los
Angeles Series 2009C 5.00%,
8/01/26
|
2.86%
|
|
4) San Diego Unified
School District/CA Series 2013C 5.00%,
7/01/32
|
2.86%
|
|
5) San Diego Public
Facilities Financing Authority 5.00%,
5/15/36
|
2.85%
|
|
6) Bay Area Toll
Authority Series 2013S 5.00%, 4/01/33
(Prerefunded/ETM)
|
2.83%
|
|
7) City of San
Francisco CA Public Utilities Commission Wastewater Revenue
(San Francisco City & County Public Utilities Commission
Wastewater Revenue) Series 2013B 5.00%,
10/01/32
|
2.62%
|
|
8) University of
California Series 2012G 5.00%,
5/15/31
|
2.40%
|
|
9) San Diego County
Water Authority Financing Corp. Series 2013
5.00%, 5/01/31
|
2.40%
|
|
10) California
Statewide Communities Development Authority(Buck Institute for
Research on Aging) AGM Series 2014 5.00%,
11/15/44
|
2.19%
|
|
|
|
|
Sector/Industry
Breakdown
|
|
Portfolio
%
|
|
Revenue
|
|
|
|
Health Care -
Not-for-Profit
|
|
10.14%
|
|
Revenue -
Miscellaneous
|
|
10.06%
|
|
Water &
Sewer
|
|
8.47%
|
|
Primary/Secondary Ed.
- Public
|
|
5.02%
|
|
Electric
Utility
|
|
4.40%
|
|
Toll
Roads/Transit
|
|
3.77%
|
|
Port
|
|
3.73%
|
|
Tobacco
Securitization
|
|
2.43%
|
|
Higher Education -
Public
|
|
2.40%
|
|
Airport
|
|
2.14%
|
|
Senior
Living
|
|
1.66%
|
|
Higher Education -
Private
|
|
1.61%
|
|
Primary/Secondary Ed.
- Private
|
|
1.41%
|
|
SUBTOTAL
|
|
57.24%
|
|
Tax
Supported
|
|
|
|
Local G.O.
|
|
9.94%
|
|
Special
Tax
|
|
9.35%
|
|
Tax-Supported Local
Lease
|
|
7.25%
|
|
Assessment
District
|
|
3.10%
|
|
State G.O.
|
|
1.12%
|
|
SUBTOTAL
|
|
30.76%
|
|
Prerefunded/ETM
|
|
10.03%
|
|
Asset-Backed
|
|
|
|
Housing -
Multi-Family
|
|
1.30%
|
|
SUBTOTAL
|
|
1.30%
|
|
Cash
Equivalents
|
|
|
|
Investment
Companies
|
|
0.67%
|
|
SUBTOTAL
|
|
0.67%
|
|
Total
|
|
100.00%
|
|
|
|
|
State
Breakdown
|
|
Portfolio
%
|
|
California
|
|
91.28%
|
|
New York
|
|
1.68%
|
|
Guam
|
|
1.46%
|
|
Florida
|
|
1.44%
|
|
New Jersey
|
|
1.25%
|
|
Minnesota
|
|
0.61%
|
|
Illinois
|
|
0.55%
|
|
Missouri
|
|
0.53%
|
|
Pennsylvania
|
|
0.53%
|
|
Other
|
|
0.67%
|
|
Total
Investments
|
|
100.00%
|
|
|
|
|
Credit Quality
Breakdown
|
|
Portfolio
%
|
|
AAA
|
|
10.38%
|
|
AA
|
|
44.04%
|
|
A
|
|
14.04%
|
|
BBB
|
|
14.98%
|
|
BB
|
|
1.90%
|
|
B
|
|
1.30%
|
|
Not Rated
|
|
2.66%
|
|
Pre-refunded
Bonds
|
|
10.03%
|
|
Short-Term
Investments
|
|
0.67%
|
|
Total
Investments
|
|
100.00%
|
|
|
|
|
Bonds By
Maturity
|
|
Portfolio
%
|
|
Less than 1
year
|
|
0.67%
|
|
1 to 5
years
|
|
0.00%
|
|
5 to 10
years
|
|
13.39%
|
|
10 to 20
years
|
|
59.46%
|
|
20 to 30
years
|
|
24.27%
|
|
More Than 30
years
|
|
2.21%
|
|
Other
|
|
0.00%
|
|
Total
Investments
|
|
100.00%
|
|
|
|
|
Portfolio
Statistics:
|
|
|
|
AMT
Percent:
|
|
3.30%
|
|
Average
Coupon:
|
|
5.08%
|
|
Percentage of
Leverage:
|
|
|
|
Bank
Borrowing:
|
|
0.00%
|
|
Investment
Operations:
|
|
0.00%
|
|
Auction Preferred
Shares (APS):
|
|
15.68%
|
|
Tender Option
Bonds:
|
|
4.19%
|
|
Variable Rate
MuniFund Term Preferred Shares (VMTPs):
|
21.06%
|
|
Total Fund
Leverage:
|
|
40.93%*
|
|
Average Effective
Maturity:
|
|
5.16
Years
|
|
Effective
Duration:
|
|
4.47
Years
|
|
Total Net
Assets:
|
|
$152.96
Million**
|
|
Common Stock Net
Asset Value:
|
|
$14.39
|
|
Number of
Holdings:
|
|
86
|
|
Portfolio
Turnover:
|
|
18%
|
* The total percentage of leverage constitutes 4.19% through the
use of tender option bonds, 15.68% in issued and outstanding
APS,21.06% in issued and outstanding VMTPs 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 $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-300755320.html
SOURCE Alliance California Municipal Income Fund, Inc.