Alliance California Municipal Income Fund, Inc. |
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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 | 3.37% |
3) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 | 2.82% |
4) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 | 2.82% |
5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 | 2.80% |
6) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) | 2.79% |
7) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 | 2.57% |
8) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 | 2.36% |
9) University of California Series 2012G 5.00%, 5/15/31 | 2.36% |
10) California Statewide Communities Development Authority(Buck Institute for Research on Aging) AGM Series 2014 5.00%, 11/15/44 | 2.16% |
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Sector/Industry Breakdown |
| Portfolio % |
Revenue |
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Health Care - Not-for-Profit |
| 10.02% |
Water & Sewer |
| 9.48% |
Revenue - Miscellaneous |
| 8.42% |
Electric Utility |
| 4.33% |
Primary/Secondary Ed. - Public |
| 4.11% |
Toll Roads/Transit |
| 3.74% |
Port |
| 3.67% |
Airport |
| 2.97% |
Tobacco Securitization |
| 2.44% |
Higher Education - Public |
| 2.36% |
Higher Education - Private |
| 1.63% |
Senior Living |
| 1.63% |
Primary/Secondary Ed. - Private |
| 1.38% |
SUBTOTAL |
| 56.18% |
Tax Supported |
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Local G.O. |
| 9.83% |
Special Tax |
| 9.18% |
Tax-Supported Local Lease |
| 7.87% |
Assessment District |
| 3.50% |
State G.O. |
| 1.10% |
SUBTOTAL |
| 31.48% |
Prerefunded/ETM |
| 9.88% |
Asset-Backed |
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Housing - Multi-Family |
| 1.26% |
SUBTOTAL |
| 1.26% |
Cash Equivalents |
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Investment Companies |
| 1.20% |
SUBTOTAL |
| 1.20% |
Total |
| 100.00% |
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State Breakdown |
| Portfolio % |
California |
| 90.80% |
New York |
| 1.67% |
Guam |
| 1.44% |
Florida |
| 1.42% |
New Jersey |
| 1.27% |
Minnesota |
| 0.61% |
Illinois |
| 0.54% |
Pennsylvania |
| 0.53% |
Missouri |
| 0.52% |
Other |
| 1.20% |
Total Investments |
| 100.00% |
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Credit Quality Breakdown |
| Portfolio % |
AAA |
| 10.21% |
AA |
| 46.55% |
A |
| 11.81% |
BBB |
| 15.65% |
BB |
| 0.83% |
B |
| 1.26% |
Not Rated |
| 2.61% |
Pre-refunded Bonds |
| 9.88% |
Short-Term Investments |
| 1.20% |
Total Investments |
| 100.00% |
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Bonds By Maturity |
| Portfolio % |
Less than 1 year |
| 1.20% |
1 to 5 years |
| 0.00% |
5 to 10 years |
| 13.14% |
10 to 20 years |
| 61.33% |
20 to 30 years |
| 24.33% |
More Than 30 years |
| 0.00% |
Other |
| 0.00% |
Total Investments |
| 100.00% |
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Portfolio Statistics: |
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AMT Percent: |
| 3.31% |
Average Coupon: |
| 5.14% |
Percentage of Leverage: |
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Bank Borrowing: |
| 0.00% |
Investment Operations: |
| 1.20% |
Auction Preferred Shares (APS): |
| 15.33% |
Tender Option Bonds: |
| 4.10% |
Variable Rate MuniFund Term Preferred Shares (VMTPs): | 20.59% |
Total Fund Leverage: |
| 41.22%* |
Average Effective Maturity: |
| 5.23 Years |
Effective Duration: |
| 4.68 Years |
Total Net Assets: |
| $156.92 Million** |
Common Stock Net Asset Value: |
| $14.85 |
Number of Holdings: |
| 87 |
Portfolio Turnover: |
| 18% |
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* The total percentage of leverage constitutes 4.10% through the use of tender option bonds, 15.33% in issued and outstanding APS,20.59% in issued and outstanding VMTPs and 1.200% 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 $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. |
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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. |