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 |
| 30 | GREEN BAY WI UTGO | 3926412G0 | 4/1/2021 | 2.000 | 99.663 | 2.150 | n | |||
| 400 | HILBERT WI SCH DIST REF UTGO BQ | 431300DR0 | 4/1/2021 | 4.000 | 104.233 | 2.050 | n | |||
| 190 | DERBY KS SER A UTGO | 249776AY1 | 12/1/2021 | 3.000 | 102.720 | 2.050 | n | |||
| 400 | HILBERT WI SCH DIST REF UT GO BQ | 431300DS8 | 4/1/2022 | 4.000 | 105.906 | 2.100 | n | |||
| 10 | GEORGIA ST REF-SER J-1 UTGO | Callable 7/1/2021 @ 100 | 373384WQ5 | 7/1/2022 | 4.500 | 106.184 | 2.000 | 2.662 | n | |
| 25 | BLOOMINGTON IL SER 2013C UTGO BQ | Callable 12/1/2021 @ 100 | 094491RS8 | 12/1/2022 | 3.000 | 101.851 | 2.350 | 2.507 | n | |
| AGM-CR FGI | 15 | FRANKLIN IN CMNTY MULTI-SCH BLDG | Callable 1/15/2023 @ 100 | 353590GQ9 | 7/15/2023 | 5.000 | 110.490 | 2.297 | 2.562 | n |
| 50 | KENOSHA CNTY WI PROMI NTS- UTGO | Callable 9/1/2022 @ 100 | 489782Y89 | 9/1/2024 | 3.000 | 102.119 | 2.400 | 2.598 | n | |
| SD CRED PR | 50 | LUVERNE MN INDEP SCH DIST #2184 UTGO | 550664CU8 | 2/1/2025 | 5.000 | 115.360 | 2.300 | n | ||
| SD CRED PR | 125 | NEW LONDON SPICER MN UTGO | 646666LS4 | 2/1/2025 | 5.000 | 115.051 | 2.350 | n | ||
| Q-SBLF | 150 | CONSTANTINE MI PUBLIC SCHS UT GO BQ | Callable 5/1/2021 @ 100 | 210345FF6 | 5/1/2025 | 3.500 | 102.765 | 2.300 | 3.020 | n |
| ST AID WIT | 25 | MEDFORD MA LIMITED TAX GO | Callable 9/1/2023 @ 100 | 584190RG9 | 9/1/2025 | 3.250 | 103.540 | 2.450 | 2.670 | n |
| PSF-GTD | 60 | FORT BEND TX INDEP SCH DIST UTGO | 346843MA0 | 2/15/2027 | 5.000 | 117.967 | 2.550 | n | ||
| 50 | PHOENIX AZ CIVIC IMPT CORP EXCISE | 71884AZT9 | 7/1/2027 | 5.000 | 119.136 | 2.500 | n | |||
| 55 | GRANT CNTY WA PUBLIC UTIL DIST #2 | Callable 7/1/2022 @ 100 | 387883SN2 | 1/1/2028 | 5.000 | 108.795 | 2.400 | 3.840 | n | |
| BAM | 25 | ROUND LAKE IL SSA#-3-4 REF SPL TAX | Callable 3/1/2027 @ 100 | 77915CAL9 | 3/1/2028 | 3.600 | 99.996 | 3.600 | n | |
| PSF-GTD | 60 | GEORGETOWN TX INDEP SCH DIST UTGO | Callable 8/15/2027 @ 100 | 373046VT5 | 8/15/2028 | 5.000 | 117.673 | 2.700 | 2.892 | n |
| AGM | 370 | LA SALLE & LIVINGSTON CO IL UTGO BQ | 504318DY9 | 12/1/2028 | 4.000 | 106.329 | 3.250 | n | ||
| 260 | ENNIS TX CTFS OBLIG LTGO | Callable 2/1/2028 @ 100 | 293425D68 | 2/1/2029 | 3.000 | 100.000 | 3.000 | 3.000 | n | |
| AGM | 25 | FORT BEND CNTY TX LID #7 UTGO | Callable 3/1/2024 @ 100 | 346789NX4 | 3/1/2029 | 3.375 | 100.353 | 3.300 | 3.334 | n |
| 45 | ARIZONA ST TRANSPRTN BRD HIGHWAY | Callable 7/1/2022 @ 100 | 040654XN0 | 7/1/2029 | 5.000 | 109.331 | 2.250 | 3.912 | n | |
| 100 | FLORIDA ST BRD OF GOVERNORS | Callable 7/1/2027 @ 100 | 341583CW0 | 7/1/2029 | 4.000 | 109.465 | 2.750 | 2.949 | n | |
| 75 | REDWOOD CITY CA SCH DIST UTGO | Callable 8/1/2026 @ 100 | 757889CE8 | 8/1/2029 | 4.000 | 108.910 | 2.700 | 3.014 | n | |
| 105 | SUGAR LAND TX WTRWKS & SWR REV | Callable 8/15/2028 @ 100 | 864881RZ2 | 8/15/2029 | 3.000 | 100.000 | 3.000 | 3.000 | n | |
| BAM | 30 | FORT BEND CNTY TX MUD 133 UTGO | Callable 9/1/2024 @ 100 | 34683CLZ7 | 9/1/2029 | 3.500 | 101.028 | 3.300 | 3.384 | n |
| AGM | 150 | DELTONA FL UTILITY SYS REVENUE REF | Callable 10/1/2023 @ 100 | 247888BZ2 | 10/1/2029 | 5.250 | 112.362 | 2.500 | 3.840 | n |
| 55 | NORFOLK VA WTR REVENUE | Callable 11/1/2027 @ 100 | 656009NC7 | 11/1/2029 | 5.000 | 118.924 | 2.600 | 2.954 | n | |
| 50 | WAVERLY IA MUNI ELEC UTILITY REV | Callable 12/1/2025 @ 100 | 943659CU4 | 12/1/2029 | 3.100 | 100.000 | 3.100 | 3.100 | n | |
| 375 | ENNIS TX CTFS OBLIG LTGO | Callable 2/1/2028 @ 100 | 293425D76 | 2/1/2030 | 3.000 | 99.066 | 3.100 | n | ||
| 20 | ARGYLE TX REF LTGO BQ | Callable 2/15/2028 @ 100 | 040317DC0 | 2/15/2030 | 3.000 | 99.063 | 3.100 | n | ||
| 50 | STARK CNTY OH LIMITED TAX GO | Callable 12/1/2023 @ 100 | 855345YL2 | 12/1/2030 | 4.000 | 104.569 | 3.000 | 3.528 | n | |
| 130 | WAVERLY IA MUNI ELEC UTILITY REV | Callable 12/1/2025 @ 100 | 943659CV2 | 12/1/2030 | 3.200 | 100.000 | 3.200 | 3.200 | n | |
| 255 | ENNIS TX CTFS OBLIG LTGO | Callable 2/1/2028 @ 100 | 293425D84 | 2/1/2031 | 3.125 | 99.251 | 3.200 | n | ||
| 200 | UTAH ST TRANSIT AUTH SALES TAX | Callable 6/15/2025 @ 100 | 917567AT6 | 6/15/2031 | 5.000 | 113.958 | 2.650 | 3.604 | n | |
| 440 | SUGAR LAND TX WTRWKS & SWR REV | Callable 8/15/2028 @ 100 | 864881SB4 | 8/15/2031 | 3.125 | 99.225 | 3.200 | n | ||
| 170 | MARYLAND ST NATIONAL CAPITAL UTGO | Callable 11/1/2028 @ 100 | 5741574H3 | 11/1/2031 | 4.000 | 108.495 | 3.000 | 3.190 | n | |
| 325 | GENEVA IL PUBLIC LIBRARY DIST UTGO | Callable 12/30/2028 @ 100 | 372087CA2 | 12/30/2031 | 3.500 | 99.999 | 3.500 | 3.500 | n | |
| 435 | ENNIS TX CTFS OBLIG LTGO | Callable 2/1/2028 @ 100 | 293425D92 | 2/1/2032 | 3.250 | 99.470 | 3.300 | n | ||
| 50 | ARIZONA BRD OF RGTS ST UNIV SYS | Callable 7/1/2027 @ 100 | 04048RSW7 | 7/1/2032 | 5.000 | 116.210 | 2.850 | 3.488 | n | |
| 100 | GUILFORD CT UTGO | Callable 8/1/2019 @ 100 | 401766UD0 | 8/1/2032 | 3.250 | 98.910 | 3.350 | n | ||
| 115 | NORWICH CT UTGO BQ | Callable 8/1/2024 @ 100 | 669402ZG7 | 8/1/2032 | 4.000 | 104.353 | 3.150 | 3.593 | n | |
| 715 | SUGAR LAND TX WTRWKS & SWR REV | Callable 8/15/2028 @ 100 | 864881SC2 | 8/15/2032 | 3.250 | 99.453 | 3.300 | n | ||
| ST AID WIT | 55 | DENVER CITY & CNTY CO UTGO | Callable 12/1/2026 @ 100 | 249174VL4 | 12/1/2032 | 5.000 | 115.998 | 2.750 | 3.538 | n |
| ST INTERCE | 35 | ANDERSON IN SCH BLDG CORP REV | Callable 1/15/2026 @ 100 | 033896LY5 | 7/15/2033 | 3.750 | 100.617 | 3.650 | 3.695 | n |
| 595 | SUGAR LAND TX WTRWKS & SWR REV | Callable 8/15/2028 @ 100 | 864881SD0 | 8/15/2033 | 3.250 | 98.282 | 3.400 | n | ||
| 100 | SCOTTSDALE AZ MUNI PROPERTY CORP | Callable 7/1/2031 @ 100 | 810489JU9 | 7/1/2034 | 5.000 | 119.888 | 3.077 | 3.349 | n | |
| 575 | ROLLING MEADOWS IL UTGO BQ | Callable 12/15/2027 @ 100 | 775694KQ4 | 12/15/2034 | 4.000 | 104.063 | 3.470 | 3.662 | n | |
| 35 | NEW HAVEN CA USD UT GO | Callable 8/1/2025 @ 100 | 645002ZV1 | 8/1/2035 | 3.500 | 97.772 | 3.680 | n | ||
| 50 | E SIDE CA UNION HIGH SCH DIST UTGO | Callable 8/1/2026 @ 100 | 275282MP3 | 8/1/2037 | 3.000 | 89.384 | 3.800 | n | ||
| BAM | 50 | JEFFERSON CA USD UT GO | Callable 8/1/2026 @ 100 | 472466T92 | 8/1/2038 | 3.500 | 96.544 | 3.750 | 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
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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