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.

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($,000s) Description Call 1 CUSIP Mat Dt Cpn (%) Price Yield (%) YTM (%) Taxable
1265 URBANDALE IA SER A UTGO 917202Y49 6/1/2020 5.000 103.571 1.600 n
Q-SBLF 50 HARBOR BEACH MI CMTY SCH DIST UTGO BQ 411477CB6 5/1/2021 4.000 104.601 1.700 n
285 URBANDALE IA SER A UTGO 917202Y56 6/1/2021 5.000 106.769 1.650 n
400 GEORGIA ST HSG & FIN AUTH REV   -AMT 373539V51 12/1/2021 2.400 101.017 2.000 n
ST INTERCE 210 MACONAQUAH IN SCH BLDG CORP   BQ 555869CB0 1/15/2022 3.000 103.340 1.750 n
110 COOPERSVILLE-POLKTON MI JT BLDG AUTH BQ 216891AC5 4/1/2022 4.000 106.452 1.750 n
BAM 90 DOWAGIAC MI LIBRARY DIST LTGO BQ 260625AC2 4/1/2022 4.000 106.458 1.750 n
310 URBANDALE IA SER A UTGO 917202Y64 6/1/2022 5.000 109.810 1.700 n
BAM 60 DOWAGIAC MI LIBRARY DIST LTGO BQ 260625AD0 4/1/2023 4.000 108.169 1.850 n
235 URBANDALE IA SER A UTGO 917202Y72 6/1/2023 5.000 112.694 1.750 n
110 URBANDALE IA SER A UTGO 917202Y80 6/1/2024 5.000 115.420 1.800 n
145 OSWEGO IL REF UTGO BQ Callable 12/15/2021 @ 100 688664LT6 12/15/2024 3.500 103.874 2.000 2.756 n
90 COOPERSVILLE-POLKTON MI JT BLDG AUTH BQ 216891AF8 4/1/2025 4.000 111.771 1.900 n
335 URBANDALE IA SER A UTGO 917202Y98 6/1/2025 5.000 117.989 1.850 n
230 NEW BALTIMORE MI REF UT GO BQ Callable 10/1/2022 @ 100 642101JG5 10/1/2025 3.000 104.008 1.800 2.328 n
50 FAIRVIEW HEIGHTS IL  UTGO BQ 305719DR4 12/1/2026 4.000 111.829 2.300 n
685 SHAWANO CNTY WI REF UTGO 820361HR7 3/1/2028 5.000 123.360 2.100 n
55 COOPERSVILLE-POLKTON MI JT BLDG AUTH BQ 216891AJ0 4/1/2028 4.000 114.996 2.150 n
335 URBANDALE IA SER A UTGO Callable 6/1/2025 @ 100 917202Z48 6/1/2028 3.000 105.098 2.100 2.371 n
25 EVANSVILLE IN LOCAL PUBLIC IMPT Callable 1/1/2024 @ 100 299348BM3 7/1/2028 5.000 113.420 2.000 3.298 n
240 COOK CNTY IL HIGH SCH DIST #214  BQ Callable 12/1/2020 @ 100 215633MF2 12/1/2028 3.000 101.351 2.150 2.838 n
SCH BD RES 500 HOLMDEL TWP NJ SCH DIST  UTGO Callable 2/1/2027 @ 100 436290KD1 2/1/2029 3.250 106.373 2.350 2.512 n
BAM 200 DOWAGIAC MI LIBRARY DIST LTGO BQ 260625AK4 4/1/2029 4.000 114.573 2.350 n
160 KALAMAZOO MI PUBLIC SCHS SER B UTGO Callable 5/1/2026 @ 100 483270GR9 5/1/2029 3.000 103.537 2.450 2.598 n
260 URBANDALE IA SER A UTGO Callable 6/1/2025 @ 100 917202Z55 6/1/2029 3.000 103.939 2.300 2.554 n
300 WEST DES MOINES IA SER A UTGO Callable 6/1/2025 @ 100 9525303K7 6/1/2029 3.000 104.269 2.250 2.520 n
50 CORONA-NORCO CA UNIF SCH DIST UTGO Callable 8/1/2025 @ 100 219764PA9 8/1/2029 3.250 106.745 2.100 2.502 n
200 WAUWATOSA WI WTRWKS REVENUE SYS Callable 1/1/2027 @ 100 943521PQ1 1/1/2030 3.000 103.129 2.550 2.662 n
BAM 20 DOWAGIAC MI LIBRARY DIST LTGO BQ Callable 4/1/2029 @ 100 260625AL2 4/1/2030 4.000 113.150 2.500 2.612 n
335 URBANDALE IA SER A UTGO Callable 6/1/2025 @ 100 917202Z63 6/1/2030 3.000 103.080 2.450 2.676 n
BAM 265 DOWAGIAC MI LIBRARY DIST LTGO BQ Callable 4/1/2029 @ 100 260625AM0 4/1/2031 3.000 102.603 2.700 2.743 n
285 URBANDALE IA SER A UTGO Callable 6/1/2025 @ 100 917202Z71 6/1/2031 3.000 102.229 2.600 2.781 n
230 TOLLESON AZ  UTGO Callable 7/1/2028  @ 100 889498GL9 7/1/2031 4.000 112.270 2.500 2.806 n
210 URBANDALE IA SER A UTGO Callable 6/1/2025 @ 100 917202Z89 6/1/2032 3.000 101.666 2.700 2.846 n
335 URBANDALE IA SER A UTGO Callable 6/1/2025 @ 100 917202Z97 6/1/2033 3.000 101.107 2.800 2.903 n
65 LOS ANGELES CA CMNTY CLG DIST UTGO Callable 8/1/2024 @ 100 54438CTH5 8/1/2033 4.000 108.425 2.300 3.258 n
220 URBANDALE IA SER A UTGO Callable 6/1/2025 @ 100 9172022A0 6/1/2034 3.000 100.551 2.900 2.954 n
SCH BD RES 15 FRANKLIN TWP NJ SCH DIST UTGO Callable 2/1/2023 @ 100 355064JZ0 2/1/2035 4.000 105.953 2.350 3.506 n
BAM 160 DOWAGIAC MI LIBRARY DIST LTGO BQ Callable 4/1/2029 @ 100 260625AR9 4/1/2035 3.000 99.371 3.050 n
475 PLACER CA UNION HIGH SCH DIST UTGO-1 Callable 8/1/2027 @ 100 72600NAP7 8/1/2035 5.000 119.765 2.350 3.406 n
540 PLACER CA UNION HIGH SCH DIST UTGO-2 Callable 8/1/2027 @ 100 72600PAQ0 8/1/2035 5.000 119.765 2.350 3.406 n
15 PLACER CA UNION HIGH SCH DIST UTGO-1 Callable 8/1/2027 @ 100 72600PAS6 8/1/2037 3.000 99.301 3.050 n
Q-SBLF 270 FRASER MI PUBLIC SCHS DIST UTGO Callable 5/1/2027 @ 100 355514NR7 5/1/2038 5.000 115.902 2.780 3.817 n
905 PLACER CA UNION HIGH SCH DIST UTGO-1 8/1/2027 72600NAU6 8/1/2040 3.125 99.304 3.170 n
880 PLACER CA UNION HIGH SCH DIST UTGO-2 Callable 8/1/2027 @ 100 72600PAV9 8/1/2040 3.125 99.304 3.170 n
765 PLACER CA UNION HIGH SCH DIST UTGO-2 Callable 8/1/2027 @ 100 72600PAW7 8/1/2041 3.125 98.966 3.190 n
1180 PLACER CA UNION HIGH SCH DIST UTGO-1 8/1/2027 72600NAY8 8/1/2044 3.250 100.000 3.250 3.250 n
1325 PLACER CA UNION HIGH SCH DIST UTGO-1 8/1/2027 72600NAZ5 8/1/2045 3.250 99.821 3.260 n
750 NEW YORK CITY NY MUNI WTR FIN AUTH Callable 6/15/2026 @ 100 64972GMW1 6/15/2046 5.000 115.596 2.600 4.048 n
1430 PLACER CA UNION HIGH SCH DIST UTGO-1 Callable 8/1/2027 @ 100 72600NBA9 8/1/2046 3.250 99.637 3.270 n
1395 PLACER CA UNION HIGH SCH DIST UTGO-2 Callable 8/1/2027 @ 100 72600PBB2 8/1/2046 3.250 99.637 3.270 n
1630 PLACER CA UNION HIGH SCH DIST UTGO-1 Callable 8/1/2027 @ 100 72600NBB7 8/1/2047 3.250 99.446 3.280 n
1490 PLACER CA UNION HIGH SCH DIST UTGO-2 Callable 8/1/2027 @ 100 72600PBC0 8/1/2047 3.250 99.446 3.280 n
1595 PLACER CA UNION HIGH SCH DIST UTGO-2 Callable 8/1/2027 @ 100 72600PBD8 8/1/2048 3.250 99.248 3.290 n
1750 PLACER CA UNION HIGH SCH DIST UTGO-1 Callable 8/1/2027 @ 100 72600NBD3 8/1/2049 3.250 99.044 3.300 n
1700 PLACER CA UNION HIGH SCH DIST UTGO-2 Callable 8/1/2027 @ 100 72600PBE6 8/1/2049 3.250 99.044 3.300 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

Insurer Cust Ofr($,000s) Description Call 1 CUSIP Mat Dt Cpn (%) Price Yield (%) YTM (%) Taxable
75 JOHNSON & MIAMI CNTY KS TAXABLE UTGO 478164HS8 9/1/2027 2.750 98.158 3.000 y

May lose principal • Not FDIC insured • Not appropriate for all investors
Past performance does not guarantee future returns
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