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
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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