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Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Montag, 28.11.2016 22:10 von

PR Newswire

NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of October 31, 2016.

Alliance California Municipal Income Fund, Inc.




Top 10 Fixed-Income Holdings


Portfolio %


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

4.45%

2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32

3.52%

3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax)  Series 2009 5.00%, 7/01/25

3.49%

4) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26

3.14%

5) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32

2.91%

6) Port of Los Angeles Series 2009C 5.00%, 8/01/26

2.90%

7) San Diego Public Facilities Financing Authority 5.00%, 5/15/36

2.85%

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

2.82%

9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32

2.67%

10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32

2.65%



Sector/Industry Breakdown

Portfolio %

Revenue


Revenue - Miscellaneous

9.72%

Water & Sewer

9.41%

Toll Roads/Transit

7.58%

Electric Utility

4.97%

Higher Education - Public

4.45%

Health Care - Not-for-Profit

3.78%

Port

2.90%

Primary/Secondary Ed. - Public

2.59%

Airport

1.65%

Higher Education - Private

1.65%

Senior Living

1.64%

Primary/Secondary Ed. - Private

1.44%

SUBTOTAL

51.78%

Tax Supported


Special Tax

14.57%

Local G.O.

13.67%

Tax-Supported Local Lease

8.12%

Assessment District

3.66%

State G.O.

1.14%

SUBTOTAL

41.16%

Prerefunded/ETM

4.49%

Asset-Backed


Housing - Multi-Family

2.57%

SUBTOTAL

2.57%

Total

100.00%



State Breakdown

Portfolio %

California

91.75%

New York

2.67%

Florida

2.01%

Guam

1.04%

Nevada

0.86%

Minnesota

0.61%

Missouri

0.53%

Pennsylvania

0.52%

Ohio

0.01%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

11.12%

AA

58.41%

A

10.56%

BBB

11.12%

B

1.28%

Not Rated

3.02%

Pre-refunded Bonds

4.49%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

0.00%

1 to 5 years

1.14%

5 to 10 years

7.04%

10 to 20 years

73.24%

20 to 30 years

18.58%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

8.58%

Average Coupon:

5.23%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.57%

Auction Preferred Shares (APS):

14.78%

Tender Option Bonds:

3.95%

Variable Rate MuniFund Term Preferred Shares (VMTPs):

19.85%

Total Fund Leverage:

39.15%*

Average Effective Maturity:

6.65 Years

Effective Duration:

5.17 Years

Total Net Assets:

$165.42 Million**

Common Stock Net Asset Value:

$15.84

Number of Holdings:

76

Portfolio Turnover:

18%



* The total percentage of leverage constitutes 3.95% through the use


of tender option bonds, 14.78% in issued and outstanding APS,


19.85% in issued and outstanding VMTPs and 0.57% 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.


 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300369156.html

SOURCE Alliance California Municipal Income Fund, Inc.