ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC NEW YORK, Jan. 26, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 31, 2014.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) University of California Series 2012G 5.00%, 5/15/31 4.50%
2) Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25 3.73%
3) California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) 3.58%
4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 3.50%
5) Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26 3.21%
6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 3.12%
7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 2.89%
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 2.78%
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 2.68%
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 2.66%
Sector/Industry Breakdown Portfolio %
Revenue
Water & Sewer 10.67%
Revenue - Miscellaneous 9.24%
Toll Roads/Transit 7.91%
Electric Utility 5.11%
Higher Education - Public 4.50%
Health Care - Not-for-Profit 3.86%
Port 3.12%
Airport 1.76%
Primary/Secondary Ed. - Private 1.41%
Higher Education - Private 1.20%
Industrial Development - Utility 0.20%
SUBTOTAL 48.98%
Tax Supported
Special Tax 16.14%
Local G.O. 13.14%
Tax-Supported Local Lease 4.59%
Assessment District 2.38%
Tax-Supported State Lease 1.75%
State G.O. 1.13%
SUBTOTAL 39.13%
Prerefunded/ETM 5.90%
Insured/Guaranteed
Insured 3.29%
SUBTOTAL 3.29%
Asset-Backed
Housing - Multi-Family 2.70%
SUBTOTAL 2.70%
Total 100.00%
State Breakdown Portfolio %
California 92.12%
New York 2.68%
New Jersey 1.46%
Florida 1.46%
Guam 1.06%
Nevada 1.02%
Ohio 0.20%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 10.45%
AA 55.64%
A 16.43%
BBB 8.20%
B 1.38%
Not Rated 2.00%
Pre-refunded Bonds 5.90%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.00%
1 to 5 years 3.33%
5 to 10 years 9.86%
10 to 20 years 72.08%
20 to 30 years 14.73%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 9.10%
Average Coupon: 5.36%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Preferred Stock: 36.57%
Tender Option Bonds: 3.87%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 40.44%*
Average Maturity: 6.52 Years
Effective Duration: 5.74 Years
Total Net Assets: $201.99 Million**
Common Stock Net Asset Value: $15.13
Number of Holdings: 68
Portfolio Turnover: 32%
* The total percentage of leverage constitutes 3.87% through the use
of tender option bonds, 36.57% 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.
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SOURCE Alliance California Municipal Income Fund, Inc.
