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Alliance California Municipal Income Fund Releases Monthly Portfolio Update
- 65
PR Newswire
NEW YORK, June 22, 2018
NEW YORK, June 22, 2018 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.(NYSE: AKP) (the "Fund") today released its monthly portfolio update as of May 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 |
3.45% | |
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 |
3.40% | |
3) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 |
2.86% | |
4) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 |
2.85% | |
5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 |
2.82% | |
6) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) |
2.81% | |
7) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 |
2.58% | |
8) University of California Series 2012G 5.00%, 5/15/31 |
2.37% | |
9) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 |
2.36% | |
10) California Statewide Communities Development Authority(Buck Institute for Research on Aging) AGM Series 2014 5.00%, 11/15/44 |
2.17% | |
Sector/Industry Breakdown |
Portfolio % | |
Revenue |
||
Health Care - Not-for-Profit |
10.14% | |
Water & Sewer |
9.20% | |
Revenue - Miscellaneous |
8.50% | |
Electric Utility |
4.37% | |
Primary/Secondary Ed. - Public |
4.16% | |
Toll Roads/Transit |
3.77% | |
Port |
3.70% | |
Airport |
3.01% | |
Higher Education - Public |
2.37% | |
Senior Living |
1.64% | |
Higher Education - Private |
1.63% | |
Primary/Secondary Ed. - Private |
1.40% | |
Tobacco Securitization |
0.73% | |
SUBTOTAL |
54.62% | |
Tax Supported |
||
Local G.O. |
9.91% | |
Special Tax |
9.24% | |
Tax-Supported Local Lease |
9.19% | |
Assessment District |
3.54% | |
State G.O. |
2.84% | |
SUBTOTAL |
34.72% | |
Prerefunded/ETM |
8.71% | |
Asset-Backed |
||
Housing - Multi-Family |
1.27% | |
SUBTOTAL |
1.27% | |
Cash Equivalents |
||
Investment Companies |
0.68% | |
SUBTOTAL |
0.68% | |
Total |
100.00% | |
State Breakdown |
Portfolio % | |
California |
91.24% | |
New York |
1.69% | |
Florida |
1.44% | |
Guam |
1.44% | |
New Jersey |
1.27% | |
Minnesota |
0.62% | |
Illinois |
0.55% | |
Pennsylvania |
0.54% | |
Missouri |
0.53% | |
Other |
0.68% | |
Total Investments |
100.00% | |
Credit Quality Breakdown |
Portfolio % | |
AAA |
10.27% | |
AA |
49.58% | |
A |
10.48% | |
BBB |
15.52% | |
BB |
0.85% | |
B |
1.27% | |
Not Rated |
2.64% | |
Pre-refunded Bonds |
8.71% | |
Short-Term Investments |
0.68% | |
Total Investments |
100.00% | |
Bonds By Maturity |
Portfolio % | |
Less than 1 year |
0.68% | |
1 to 5 years |
0.00% | |
5 to 10 years |
13.24% | |
10 to 20 years |
62.67% | |
20 to 30 years |
23.41% | |
More Than 30 years |
0.00% | |
Other |
0.00% | |
Total Investments |
100.00% | |
Portfolio Statistics: |
||
AMT Percent: |
3.32% | |
Average Coupon: |
5.20% | |
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% | |
Investment Operations: |
1.16% | |
Auction Preferred Shares (APS): |
15.41% | |
Tender Option Bonds: |
4.12% | |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
20.70% | |
Total Fund Leverage: |
41.39%* | |
Average Effective Maturity: |
5.43 Years | |
Effective Duration: |
4.83 Years | |
Total Net Assets: |
$157.33 Million** | |
Common Stock Net Asset Value: |
$14.90 | |
Number of Holdings: |
87 | |
Portfolio Turnover: |
18% | |
* The total percentage of leverage constitutes 4.12% through the use of tender option bonds, 15.41% in issued and outstanding APS,20.70% in issued and outstanding VMTPs and 1.160% 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-300670997.html
SOURCE Alliance California Municipal Income Fund, Inc.
PR Newswire est une agence de presse américaine, située à New York spécialisée dans la publication de communiqués de presse.