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 Department of Water & Power WTR Series 2013B 5.00%, 7/01/32
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3.48%
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2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25
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3.41%
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3) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32
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2.87%
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4) San Diego Public Facilities Financing Authority 5.00%, 5/15/36
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2.86%
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5) Port of Los Angeles Series 2009C 5.00%, 8/01/26
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2.83%
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6) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM)
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2.82%
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7) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32
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2.69%
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8) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32
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2.60%
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9) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31
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2.39%
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10) University of California 5.00%, 5/15/31
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2.39%
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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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9.28%
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Health Care - Not-for-Profit
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8.76%
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Revenue - Miscellaneous
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8.61%
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Toll Roads/Transit
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4.82%
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Electric Utility
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4.40%
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Higher Education - Public
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4.38%
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Port
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3.73%
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Primary/Secondary Ed. - Public
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3.26%
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Airport
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3.04%
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Senior Living
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1.66%
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Higher Education - Private
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1.65%
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Primary/Secondary Ed. - Private
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1.41%
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SUBTOTAL
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55.00%
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Tax Supported
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Special Tax
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12.61%
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Local G.O.
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9.44%
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Tax-Supported Local Lease
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9.26%
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Assessment District
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4.15%
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State G.O.
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2.86%
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SUBTOTAL
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38.32%
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Prerefunded/ETM
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5.25%
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Asset-Backed
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Housing - Multi-Family
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1.27%
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SUBTOTAL
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1.27%
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Cash Equivalents
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Investment Companies
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0.16%
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SUBTOTAL
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0.16%
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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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92.40%
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New York
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2.69%
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Florida
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1.46%
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Guam
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1.04%
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Minnesota
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0.62%
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New Jersey
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0.55%
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Pennsylvania
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0.55%
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Missouri
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0.53%
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Other
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0.16%
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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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10.33%
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AA
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54.38%
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A
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10.27%
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BBB
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13.67%
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B
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1.27%
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Not Rated
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4.67%
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Pre-refunded Bonds
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5.25%
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Short-Term Investments
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0.16%
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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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0.16%
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1 to 5 years
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0.00%
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5 to 10 years
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12.58%
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10 to 20 years
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67.86%
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20 to 30 years
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19.40%
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More Than 30 years
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0.00%
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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 Percent:
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3.34%
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Average Coupon:
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5.13%
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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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Auction Preferred Shares (APS):
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15.05%
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Tender Option Bonds:
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4.02%
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Variable Rate MuniFund Term Preferred Shares (VMTPs):
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20.22%
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Total Fund Leverage:
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39.29%*
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Average Effective Maturity:
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5.81 Years
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Effective Duration:
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5.16 Years
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Total Net Assets:
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$161.07 Million**
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Common Stock Net Asset Value:
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$15.34
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Number of Holdings:
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86
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Portfolio Turnover:
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18%
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* The total percentage of leverage constitutes 4.02% through the use of tender option bonds, 15.05% in issued and outstanding APS,20.22% in issued and outstanding VMTPs 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 $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.
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