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 Description Call 1 CUSIP Mat Dt Cpn Price Yield YTM Taxable
25 CINCINNATI OH REF & IMPT-VAR UTGO 172217ZX2 12/1/2020 2.000 100.609 1.650 n
25 JOLIET IL REF-SER C UTGO BQ 479754LX9 1/1/2021 3.000 102.000 1.900 n
25 CLINTONVILLE WI ELEC SYS REVENUE BQ Callable 11/1/2019 @ 100 188761AU4 11/1/2021 2.000 99.738 2.100 n
50 KING CNTY WA SWR REVENUE REF-SER B 495289P46 7/1/2022 5.000 110.734 1.700 n
29 LA SALLE CNTY IL CCSD 230 UTGO BQ 504616AX1 12/1/2023 4.000 105.765 2.700 n
31 LA SALLE CNTY IL CCSD 230 UTGO BQ 504616AY9 12/1/2024 4.000 106.064 2.850 n
35 LA SALLE CNTY IL CCSD 230 UTGO BQ 504616BA0 12/1/2026 4.000 106.515 3.050 n
BAM 110 GLASGOW KY ELEC PLANT BRD REV BQ -B Callable 6/1/2026 @ 100 376829EJ2 6/1/2027 3.000 103.289 2.500 2.554 n
37 LA SALLE CNTY IL CCSD 230 UTGO BQ 504616BB8 12/1/2027 4.000 106.457 3.150 n
SD CRED PR 25 MILFORD OH EXEMPT VLG SCH DIST UTGO Callable 6/1/2025 @ 100 599632KC9 12/1/2027 5.000 116.970 2.100 2.805 n
BAM 40 GLASGOW KY ELEC PLANT BRD REV BQ -A Callable 6/1/2026 @ 100 376829DN4 6/1/2028 3.000 102.621 2.600 2.678 n
BAM 295 GLASGOW KY ELEC PLANT BRD REV BQ -B Callable 6/1/2026 @ 100 376829EK9 6/1/2028 3.000 102.621 2.600 2.678 n
30 LA SALLE CNTY IL CCSD 230 UTGO BQ 504616BC6 12/1/2028 4.000 106.224 3.250 n
125 GERMANTOWN WI UTGO Callable 2/1/2028 @ 100 374118A56 2/1/2029 4.000 112.809 2.400 2.535 n
BAM 50 GLASGOW KY ELEC PLANT BRD REV BQ -A Callable 6/1/2026 @ 100 376829DP9 6/1/2029 3.000 101.958 2.700 2.779 n
BAM 200 GLASGOW KY ELEC PLANT BRD REV BQ -B Callable 6/1/2026 @ 100 376829EL7 6/1/2029 3.000 101.958 2.700 2.779 n
825 DU PAGE CNTY IL S/D #45 LT GO BQ Callable 1/1/2022 @ 100 263075QP1 1/1/2030 3.625 102.945 2.550 3.300 n
150 GERMANTOWN WI UTGO Callable 2/1/2028 @ 100 374118A64 2/1/2030 4.000 111.784 2.520 2.746 n
1000 BARTLETT IL UTGO Callable 12/1/2021 @ 100 069338MQ1 12/1/2030 4.000 104.684 2.250 3.511 n
25 NAPERVILLE IL  UTGO BQ Callable 12/1/2026 @ 100 630412XT6 12/1/2030 3.000 100.000 3.000 3.000 n
BAM 40 GLASGOW KY ELEC PLANT BRD REV BQ -A Callable 6/1/2026 @ 100 376829DR5 6/1/2031 3.000 100.000 3.000 3.000 n
BAM 95 GLASGOW KY ELEC PLANT BRD REV BQ -A Callable 6/1/2026 @ 100 376829DS3 6/1/2032 3.100 100.000 3.100 3.100 n
85 CONTRA COSTA CA TRANSPRTN AUTH Callable 3/1/2025 @ 100 21221MEL0 3/1/2033 5.000 115.115 2.300 3.617 n
70 FRANKLIN WI CMNTY DEV-SER B UTGO Callable 3/1/2026 @ 100 355185QH5 3/1/2033 3.125 99.717 3.150 n
BAM 125 GLASGOW KY ELEC PLANT BRD REV BQ -A Callable 6/1/2026 @ 100 376829DT1 6/1/2033 3.100 98.860 3.200 n
BAM 25 GLASGOW KY ELEC PLANT BRD REV BQ -A Callable 6/1/2026 @ 100 376829DV6 6/1/2035 3.300 99.374 3.350 n
115 OMAHA NE PUBLIC PWR DIST ELEC Callable 8/1/2024 @ 100 682001DT6 2/1/2039 4.000 104.475 3.100 3.681 n
AGM 25 FORT BEND CNTY TX WC&ID #2 UTGO Callable 9/1/2026 @ 100 346820VF7 9/1/2040 3.750 100.000 3.750 3.750 n
250 TAHOE-TRUCKEE CA UNIF SCH DIST UTGO Callable 8/1/2026 @ 100 873884PL8 8/1/2041 5.000 114.328 2.850 4.024 n
AGM 50 FORT BEND CNTY TX WC&ID #2 UTGO Callable 9/1/2026 @ 100 346820VJ9 9/1/2043 3.750 99.206 3.800 n
95 GRAND STRAND SC WTR & SWR AUTH REV Callable 6/1/2028 @ 100 386475GK7 6/1/2048 3.500 97.840 3.620 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 Description Call 1 CUSIP Mat Dt Cpn Price Yield YTM Taxable
10 SOUTHESTRN IA CMNTY CLG UTGO TAXABLE Callable 6/1/2020 @ 100 841625MX1 12/1/2023 3.050 99.776 3.100 y
75 KIMBERLY WI TXBL-CORP PURP TAXABLE Callable 10/1/2021 @ 100 494422HU5 10/1/2027 3.500 101.244 3.000 3.332 y
300 GREENFIELD WI TAXABLE UTGO Callable 10/1/2025 @ 100 395226H89 10/1/2031 3.650 101.466 3.400 3.505 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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