Alliance California Municipal Income Fund Releases Monthly Portfolio Update_10-22-2018

Press Release from AllianceBernstein L.P.

NEW YORK, Oct. 22, 2018 /PRNewswire/ --Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of September 30, 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

3.42%
















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

2.85%
















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

2.84%
















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)

2.80%
















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

2.59%
















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

2.37%
















10) California Statewide Communities Development Authority(Buck Institute for Research on Aging) AGM Series 2014 5.00%, 11/15/44

2.16%


































Sector/Industry Breakdown


Portfolio %
















Revenue


















Health Care - Not-for-Profit


10.11%
















Revenue - Miscellaneous


10.01%
















Water & Sewer


8.38%
















Electric Utility


4.36%
















Primary/Secondary Ed. - Public


4.12%
















Toll Roads/Transit


3.76%
















Port


3.68%
















Airport


2.99%
















Tobacco Securitization


2.45%
















Higher Education - Public


2.37%
















Senior Living


1.64%
















Higher Education - Private


1.61%
















Primary/Secondary Ed. - Private


1.39%
















SUBTOTAL


56.87%
















Tax Supported


















Local G.O.


9.86%
















Special Tax


9.24%
















Tax-Supported Local Lease


7.21%
















Assessment District


4.21%
















State G.O.


1.11%
















SUBTOTAL


31.63%
















Prerefunded/ETM


9.92%
















Asset-Backed


















Housing - Multi-Family


1.28%
















SUBTOTAL


1.28%
















Cash Equivalents


















Investment Companies


0.30%
















SUBTOTAL


0.30%
















Total


100.00%


































State Breakdown


Portfolio %
















California


91.64%
















New York


1.68%
















Guam


1.46%
















Florida


1.43%
















New Jersey


1.27%
















Minnesota


0.61%
















Illinois


0.55%
















Missouri


0.53%
















Pennsylvania


0.53%
















Other


0.30%
















Total Investments


100.00%


































Credit Quality Breakdown


Portfolio %
















AAA


10.25%
















AA


45.64%
















A


13.95%
















BBB


14.11%
















BB


1.92%
















B


1.28%
















Not Rated


2.63%
















Pre-refunded Bonds


9.92%
















Short-Term Investments


0.30%
















Total Investments


100.00%


































Bonds By Maturity


Portfolio %
















Less than 1 year


0.30%
















1 to 5 years


0.00%
















5 to 10 years


13.22%
















10 to 20 years


60.95%
















20 to 30 years


23.29%
















More Than 30 years


2.24%
















Other


0.00%
















Total Investments


100.00%


































Portfolio Statistics:


















AMT Percent:


3.31%
















Average Coupon:


5.24%
















Percentage of Leverage:


















Bank Borrowing:


0.00%
















Investment Operations:


0.72%
















Auction Preferred Shares (APS):


15.51%
















Tender Option Bonds:


4.14%
















Variable Rate MuniFund Term Preferred Shares (VMTPs):

20.83%
















Total Fund Leverage:


41.20%*
















Average Effective Maturity:


5.21 Years
















Effective Duration:


4.64 Years
















Total Net Assets:


$154.86 Million**
















Common Stock Net Asset Value:


$14.61
















Number of Holdings:


87
















Portfolio Turnover:


18%


































* The total percentage of leverage constitutes 4.14% through the use of tender option bonds, 15.51% in issued and outstanding APS,20.83% in issued and outstanding VMTPs and 0.720% 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.










Cision View original content:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300735453.html

SOURCE Alliance California Municipal Income Fund, Inc.

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