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Alliance California Municipal Income Fund, Inc.
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26
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4.58%
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2) San Francisco City/Cnty CA Pub Util Wtr
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4.46%
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Series 2012C 5.00%, 11/01/26
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3) Los Angeles Cnty CA Met Trnsp Auth (Los
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3.88%
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Angeles Cnty CA MTA Sales Tax) 5.00%,
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7/01/25
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4) California Pub Wks Brd (Univ of California
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3.57%
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Lease) Series 2011A 5.25%, 12/01/26
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5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA
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3.21%
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CRA Grand Ctrl) AMBAC Series 02 5.375%,
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12/01/26
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6) Los Angeles CA Harbor Dept 5.00%, 8/01/26
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3.18%
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7) Puerto Rico Sales Tax Fin Corp. Series 2011A
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2.97%
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5.00%, 8/01/43
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8) Port of Oakland CA Series 2012P 5.00%,
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2.91%
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5/01/29
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9) Clovis CA USD GO Series 2012A 5.00%,
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2.49%
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8/01/28
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10) San Diego Cnty CA Regl Trnsp Commn Series
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2.47%
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2012A 5.00%, 4/01/28
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Sector/Industry Breakdown
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Portfolio %
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Revenue
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Water & Sewer
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15.39%
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Electric Utility
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8.17%
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Port
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6.08%
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Revenue - Miscellaneous
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5.83%
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Higher Education - Public
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3.57%
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Airport
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2.66%
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Higher Education - Private
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2.42%
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Primary/Secondary Ed. - Private
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1.48%
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Health Care - Not-for-Profit
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1.36%
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Industrial Development - Utility
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0.20%
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SUBTOTAL
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47.16%
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Tax Supported
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Special Tax
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22.35%
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Local G.O.
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10.20%
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Tax-Supported Local Lease
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3.48%
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State G.O.
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2.46%
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Assessment District
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2.02%
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Tax-Supported State Lease
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1.80%
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SUBTOTAL
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42.31%
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Insured/Guaranteed
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Insured
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6.68%
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SUBTOTAL
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6.68%
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Asset-Backed
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Housing - Multi-Family
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2.78%
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SUBTOTAL
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2.78%
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Prerefunded/ETM
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0.56%
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Cash Equivalents
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Investment Companies
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0.51%
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SUBTOTAL
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0.51%
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Total
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100.00%
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State Breakdown
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Portfolio %
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California
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92.67%
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Puerto Rico
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4.51%
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Guam
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1.07%
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Nevada
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1.04%
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Ohio
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0.20%
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Other
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0.51%
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Total Investments
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100.00%
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Credit Quality Breakdown
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Portfolio %
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AAA
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15.27%
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AA
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52.41%
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A
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20.77%
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BBB
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5.99%
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BB
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1.46%
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Not Rated
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3.03%
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Pre-refunded Bonds
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0.56%
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Short Term Investments
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0.51%
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Total Investments
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100.00%
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Bonds By Maturity
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Portfolio %
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Less than 1 year
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1.01%
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1 to 5 years
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1.29%
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5 to 10 years
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7.19%
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10 to 20 years
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78.54%
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20 to 30 years
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8.99%
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More than 30 years
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2.98%
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Other
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0.00%
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Total Investments
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100.00%
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Portfolio Statistics:
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AMT Percentage:
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13.55%
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Average Coupon:
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5.37%
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Percentage of Leverage:
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Bank Borrowing:
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0.00%
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Investment Operations:
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0.00%
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Preferred Stock:
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35.93%
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Tender Option Bonds:
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4.18%
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Term Asset-Backed Loans Facility (TALF):
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0.00%
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Total Fund Leverage:
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40.11%*
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Average Effective Maturity:
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6.04 Years
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Effective Duration:
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5.42 Years
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Total Net Assets:
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$201.95 Million**
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Common Stock Net Asset Value:
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$15.13
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Number of Holdings:
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78
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Portfolio Turnover:
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46%
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* The total percentage of leverage constitutes 4.18% through the use of tender option bonds, 35.93% 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.
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** Includes 72,550,000 of preferred stock at liquidation value.
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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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