Bond Selection

Our expertise as municipal bond specialists – paired with diligent credit research – enable us to find and seize opportunities in market inefficiencies with the goal to produce above average returns.

Interest Rate Comparison

2018-06-12 Interest Rate Comparisonn

The tables below are a sample of our current bond offerings. Contact us to learn more about any bond or others like it.

Tax-exempt Offerings

Insurer Cust Ofr Description Call 1 CUSIP Mat Dt Cpn Price Yield YTM Taxable
AGM 225 WAUKEGAN IL WTR & SWR REVENUE 943011JR8 12/30/2020 3.000 102.275 2.050 n
25 WISCONSIN DELLS WI CMNTY DEV AUTH BQ Callable 9/1/2019 @ 100 976624ET9 9/1/2022 3.800 101.500 2.500 3.411 n
25 POLK CNTY FL UTILITY SYS REVENUE 731167EF5 10/1/2022 5.000 111.765 2.100 n
1000 WAVERLY IA SER A UTGO 943623B49 6/1/2024 3.000 103.822 2.300 n
25 COCONINO & YAVAPAI CNTYS AZ LTGO 191800HT1 7/1/2024 5.000 115.387 2.250 n
120 BIG LAKE MN IMPT-SER A UTGO BQ 089257L56 2/1/2025 3.000 102.699 2.550 n
1055 WAVERLY IA SER A UTGO 943623B56 6/1/2025 3.000 103.457 2.450 n
50 BIG LAKE MN IMPT-SER A UTGO BQ 089257L64 2/1/2026 3.000 102.381 2.650 n
1110 WAVERLY IA SER A UTGO Callable 6/1/2025 @ 100 943623B64 6/1/2026 3.000 102.500 2.600 2.646 n
50 PHOENIX AZ REF UTGO 718814Q82 7/1/2026 4.000 110.831 2.500 n
50 LOS RIOS CA CMNTY CLG DIST UTGO 2008 Callable 8/1/2023 @ 100 545624NA2 8/1/2026 5.000 113.946 2.100 3.043 n
25 FOLSOM CORDOVA CA UNIF SCH DIST UTGO Callable 10/1/2023 @ 100 34440RDN4 10/1/2026 5.000 114.377 2.100 3.020 n
MAC 50 NEW LONDON WI SWR WTR & ELEC REV BQ 646720JU7 12/1/2026 4.000 108.557 2.850 n
500 OSHKOSH WI PROM NTS -SER B UTGO Callable 12/1/2024 @ 100 68825WFY0 12/1/2026 3.000 102.054 2.650 2.725 n
50 BIG LAKE MN IMPT-SER A UTGO BQ Callable 2/1/2026 @ 100 089257L72 2/1/2027 3.000 101.694 2.750 2.776 n
620 ANKENY IA CMNTY SCH DIST UTGO Callable 6/1/2026 @ 100 035357XV9 6/1/2027 4.000 110.343 2.550 2.689 n
1155 WAVERLY IA SER A UTGO Callable 6/1/2025 @ 100 943623B72 6/1/2027 3.000 101.240 2.800 2.841 n
150 WYOMING MI WTR SPLY SYS REVENUE REF Callable 6/1/2026 @ 100 983349HS3 6/1/2027 5.000 116.319 2.700 2.911 n
50 LANSING MICH BRD WTR & LT UTIL SYS 516391CB3 7/1/2027 5.000 118.292 2.700 n
95 LOS ALAMITOS CA UNIF SCH DIST UTGO Callable 8/1/2026 @ 100 544203DU3 8/1/2027 3.000 104.015 2.450 2.504 n
105 OSHKOSH WI CORP PURP -SER A UTGO Callable 12/1/2026 @ 100 68825WFE4 12/1/2027 3.000 101.867 2.750 2.773 n
285 OSHKOSH WI PROM NTS -SER B UTGO Callable 12/1/2024 @ 100 68825WFZ7 12/1/2027 3.000 101.461 2.750 2.822 n
10 BIG LAKE MN IMPT-SER A UTGO BQ Callable 2/1/2026 @ 100 089257L80 2/1/2028 3.000 101.012 2.850 2.878 n
75 PRESCOTT WI STREET IMPT UTGO BQ Callable 4/1/2026 @ 100 740805KN5 4/1/2028 3.000 100.687 2.900 2.918 n
745 ANKENY IA CMNTY SCH DIST UTGO Callable 6/1/2026 @ 100 035357XW7 6/1/2028 4.000 109.966 2.600 2.840 n
50 WAVERLY IA SER A UTGO Callable 6/1/2025 @ 100 943623B80 6/1/2028 3.000 100.000 3.000 3.000 n
95 WAVERLY IA WTR REVENUE SER B Callable 6/1/2025 @ 100 943665EB1 6/1/2028 3.000 99.321 3.080 n
210 OSHKOSH WI CORP PURP -SER A UTGO Callable 12/1/2026 @ 100 68825WFF1 12/1/2028 3.000 101.115 2.850 2.875 n
120 WILKIN CNTY MN DRAIN-SER A UTGO BQ Callable 2/1/2022 @ 100 968410GD6 2/1/2029 3.000 99.548 3.050 n
AGM 345 CORTLAND IL SSA #1 -REF SPL TAX BQ Callable 3/1/2026 @ 100 220614AQ4 3/1/2029 3.550 101.341 3.350 3.399 n
40 WATERLOO IA REF-SER A UTGO Callable 6/1/2025 @ 100 941647YW3 6/1/2029 3.000 100.000 3.000 3.000 n
250 WAVERLY IA SER A UTGO Callable 6/1/2025 @ 100 943623B98 6/1/2029 3.000 99.080 3.100 n
AGM 285 RUSH CNTY IN JAIL BLDG CORP REV Callable 1/15/2028 @ 100 781829AU0 7/15/2029 3.000 100.000 3.000 3.000 n
50 AUSTIN TX WTR & WSTWTR SYS REVENUE Callable 5/15/2023 @ 100 052476C63 11/15/2029 5.000 112.654 2.250 3.633 n
MAC 120 NEW LONDON WI SWR WTR & ELEC REV BQ Callable 12/1/2027 @ 100 646720JX1 12/1/2029 3.000 98.568 3.150 n
150 OSHKOSH WI CORP PURP -SER A UTGO Callable 12/1/2026 @ 100 68825WFG9 12/1/2029 3.000 100.000 3.000 3.000 n
100 BIG LAKE MN IMPT-SER A UTGO BQ Callable 2/1/2026 @ 100 089257M22 2/1/2030 3.100 100.000 3.100 3.100 n
125 PRESCOTT WI STREET IMPT UTGO BQ Callable 4/1/2026 @ 100 740805KQ8 4/1/2030 3.000 99.017 3.100 n
30 WAUKEE IA WTR REVENUE SER B Callable 6/1/2026 @ 100 942840CZ0 6/1/2030 3.000 98.028 3.200 n
25 RANCHO CA WTR DIST FING AUTH Callable 8/1/2026 @ 100 752111JQ8 8/1/2030 4.000 109.777 2.650 3.028 n
105 GENOA-OCEOLA SWR & WTR AUTH MI RV BQ Callable 9/1/2025 @ 100 372401AM1 9/1/2030 3.250 100.632 3.150 3.187 n
1190 GARDNER KS SER A UTGO Callable 10/1/2027 @ 100 365591XK7 10/1/2030 3.000 100.000 3.000 3.000 n
MAC 50 NEW LONDON WI SWR WTR & ELEC REV BQ Callable 12/1/2027 @ 100 646720JY9 12/1/2030 3.100 98.475 3.250 n
295 OSHKOSH WI CORP PURP -SER A UTGO Callable 12/1/2026 @ 100 68825WFH7 12/1/2030 3.000 98.973 3.100 n
125 PIPESTONE MN IMPT-SER A UTGO BQ Callable 2/1/2027 @ 100 724122UT1 2/1/2031 3.100 98.967 3.200 n
45 COTTAGE GROVE VLG WI UTGO BQ Callable 4/1/2027 @ 100 22169PCN3 4/1/2031 3.000 98.430 3.150 n
125 WAUKEE IA SWR REVENUE SER C Callable 6/1/2026 @ 100 942838DD2 6/1/2031 3.100 97.907 3.300 n
380 GARDNER KS SER A UTGO Callable 10/1/2027 @ 100 365591XL5 10/1/2031 3.000 98.916 3.100 n
MAC 180 NEW LONDON WI SWR WTR & ELEC REV BQ Callable 12/1/2027 @ 100 646720JZ6 12/1/2031 3.150 97.850 3.350 n
195 OSHKOSH WI CORP PURP -SER A UTGO Callable 12/1/2026 @ 100 68825WFJ3 12/1/2031 3.125 99.185 3.200 n
355 BIG LAKE MN IMPT-SER A UTGO BQ Callable 2/1/2026 @ 100 089257M48 2/1/2032 3.100 98.905 3.200 n
85 COTTAGE GROVE VLG WI UTGO BQ Callable 4/1/2027 @ 100 22169PCP8 4/1/2032 3.125 99.167 3.200 n
135 PRESCOTT WI STREET IMPT UTGO BQ Callable 4/1/2026 @ 100 740805KS4 4/1/2032 3.100 98.343 3.250 n
850 ANKENY IA CMNTY SCH DIST UTGO Callable 6/1/2026 @ 100 035357YA4 6/1/2032 3.125 98.607 3.250 n
215 GENOA-OCEOLA SWR & WTR AUTH MI RV BQ Callable 9/1/2025 @ 100 372401AP4 9/1/2032 3.250 99.435 3.300 n
275 GARDNER KS SER A UTGO Callable 10/1/2027 @ 100 365591XM3 10/1/2032 3.125 99.143 3.200 n
75 COTTAGE GROVE VLG WI UTGO BQ Callable 4/1/2027 @ 100 22169PCQ6 4/1/2033 3.125 98.540 3.250 n
715 ANKENY IA CMNTY SCH DIST UTGO Callable 6/1/2026 @ 100 035357YB2 6/1/2033 3.125 97.948 3.300 n
365 BRUSHY CREEK TX REGL WTR UTIL AUTH Callable 8/1/2026 @ 100 117467DX5 8/1/2033 4.000 106.030 3.150 3.483 n
MAC 5 NEW LONDON WI SWR WTR & ELEC REV BQ Callable 12/1/2027 @ 100 646720KB7 12/1/2033 3.350 98.221 3.500 n
ST AID WIT 75 CENTENNIAL PA SCH DIST UTGO Callable 12/15/2024 @ 100 151365JW4 12/15/2033 4.000 105.839 3.000 3.508 n
375 BIG LAKE MN IMPT-SER A UTGO BQ Callable 2/1/2026 @ 100 089257M63 2/1/2034 3.300 99.396 3.350 n
200 WILKIN CNTY MN DRAIN-SER A UTGO BQ Callable 2/1/2022 @ 100 968410GJ3 2/1/2034 3.250 98.193 3.400 n
85 COTTAGE GROVE VLG WI UTGO BQ Callable 4/1/2027 @ 100 22169PCR4 4/1/2034 3.125 97.859 3.300 n
960 GILBERT IA CMNTY SCH DIST UTGO BQ Callable 6/1/2025 @ 100 375336JJ4 6/1/2034 3.250 98.775 3.350 n
235 GENOA-OCEOLA SWR & WTR AUTH MI RV BQ Callable 9/1/2025 @ 100 372401AR0 9/1/2034 3.300 98.762 3.400 n
650 GARDNER KS SER A UTGO Callable 10/1/2027 @ 100 365591XP6 10/1/2034 3.250 99.371 3.300 n
230 PRESCOTT WI STREET IMPT UTGO BQ Callable 4/1/2026 @ 100 740805KV7 4/1/2035 3.300 98.726 3.400 n
1480 GILBERT IA CMNTY SCH DIST UTGO BQ Callable 6/1/2025 @ 100 375336JK1 6/1/2035 3.375 99.678 3.400 n
370 GARDNER KS SER A UTGO Callable 10/1/2027 @ 100 365591XQ4 10/1/2035 3.250 98.694 3.350 n
1175 GILBERT IA CMNTY SCH DIST UTGO BQ Callable 6/1/2025 @ 100 375336JL9 6/1/2036 3.375 99.003 3.450 n
255 GENOA-OCEOLA SWR & WTR AUTH MI RV BQ Callable 9/1/2025 @ 100 372401AT6 9/1/2036 3.500 100.000 3.500 3.500 n
160 DU PAGE CNTY IL SCH DIST #60 UTGO Callable 12/30/2027 @ 100 263183FR1 12/30/2037 3.750 100.000 3.750 3.750 n
90 PRESCOTT WI STREET IMPT UTGO BQ Callable 4/1/2026 @ 100 740805KY1 4/1/2038 3.400 98.578 3.500 n
275 GENOA-OCEOLA SWR & WTR AUTH MI RV BQ Callable 9/1/2025 @ 100 372401AV1 9/1/2038 3.600 100.000 3.599 3.600 n
AGM 60 WAUKEGAN IL WTR & SWR REVENUE Callable 12/30/2026 @ 100 943011KH8 12/30/2038 3.750 97.621 3.920 n

*Tax-Free Offerings are free from current Federal income taxes only. Income may be subject to state and local taxes and the alternative minimum tax (AMT). AMBAC, MBIA, XLCA, FGIC and CIFG are on credit watch for possible downgrade.

Taxable Offerings

No Taxable Offerings at this time.

May lose principal • Not FDIC insured • Not appropriate for all investors
Past performance does not guarantee future returns
This text contains privileged and/or confidential information. If you are not the intended recipient, you may not disclose, use, disseminate, copy or rely upon this message or attachment in any way. If you received this message in error, please return by forwarding the message and its attachments to the sender. There are or may be pending in the Congress of the United States legislative proposals, including some that carry retroactive effective dates, that, if enacted, could alter or amend the federal tax matters referred to above or affect the market value of bonds. It cannot be predicted whether or in what form any such proposal might be enacted or whether, if enacted, it would apply to bonds issued prior to enactment. Prospective purchasers of bonds should consult their own tax advisors regarding any pending or proposed federal tax legislation. We express no opinion regarding any pending or proposed federal tax legislation. This text is a current opinion and is subject to change at anytime. This information is taken from public sources we believe to be reliable, but we cannot assure complete accuracy. Nothing in this document represents a recommendation of any particular strategy, security or investment product. This information is distributed for educational purposes only and none of this information and analysis is, or is intended to be personalized investment advice. Bernardi Securities, Inc. is not acting in an investment advisory or municipal advisor capacity and the opinions and views contained herein are not intended to be and do not constitute advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rights of the owners of any bond and the enforceability of these rights may be limited by bankruptcy, insolvency, moratorium, reorganization and other similar laws affecting creditors’ rights and by equitable principles, whether considered at law or in equity, including the exercise of judicial discretion. Bernardi Securities, Inc. offerings are made by prospectus or official statement only. Past performance figures are not indicative of future returns. All e-mail correspondence is subject to review by someone other than the sender or recipient. Time sensitive requests such as trade orders and distribution requests must be requested directly through your Investment Specialist or Portfolio Manager. No part of this publication may be reproduced in any form, without the express written consent of Bernardi Securities, Inc. Bernardi Securities Inc. and its affiliates do not accept liability for any errors, omissions or viruses in the contents of this message or any attachments that may arise as a result of e-mail transmissions. Securities described as tax-free or tax-exempt imply that the income is exempt from current federal income tax. These securities may be subject to state and local taxes, the federal alternative minimum tax (AMT), capital gains tax, or other taxes. Please consult your tax professional regarding suitability.

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