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

Moody S&P Insurer Cust Ofr ($,000s) Description Call 1 CUSIP Mat Dt Cpn(%) Price Yield(%) YTM(%) Taxable
PSF-GTD 90 CUERO TX INDEP SCH DIST UTGO BQ 229831FH0 8/15/2020 3.000 101.171 0.850 n
AGM 50 PAWNEE CNTY KS USD #495 UTGO 704083CA0 10/1/2020 5.000 102.682 1.000 n
BAM 100 BROOKFIELD IL  UTGO BQ 112727PU0 3/1/2021 4.000 103.035 1.150 n
BAM 40 CHRISTIAN CNTY IL CCSD #14 B LTGO BQ 170626DN2 12/1/2021 3.000 103.073 1.300 n
50 BONDURANT IA SER B UTGO 098041JZ0 6/1/2022 4.000 106.868 1.000 n
BAM 50 NORTH BARRINGTON ILL SSA 19 65746RAD4 2/1/2023 4.000 107.940 1.300 n
75 BONDURANT IA SER B UTGO 098041KA3 6/1/2023 4.000 109.433 1.100 n
SCH BD GTY 1250 CARBON CNTY UT SCH DIST  UTGO 140897GF0 6/15/2023 5.000 113.543 0.900 n
AGM 25 MARICOPA CNTY AZ UNIF SCH DIST #60 Callable 7/1/2022 @ 100 567313DP3 7/1/2023 2.750 104.181 1.000 1.493 n
120 BONDURANT IA SER B UTGO 098041KB1 6/1/2024 4.000 111.982 1.150 n
SCH BD GTY 1310 CARBON CNTY UT SCH DIST  UTGO 140897GG8 6/15/2024 5.000 117.353 0.930 n
25 LADYSMITH WI SER D UT GO BQ 505822JH0 12/1/2024 4.000 111.383 1.550 n
200 BONDURANT IA SER B UTGO 098041KC9 6/1/2025 4.000 114.115 1.250 n
SCH BD GTY 1375 CARBON CNTY UT SCH DIST  UTGO 140897GH6 6/15/2025 5.000 121.177 0.940 n
200 BONDURANT IA SER B UTGO 098041KD7 6/1/2026 4.000 116.005 1.350 n
110 BONDURANT IA SER B UTGO 098041KE5 6/1/2027 4.000 117.652 1.450 n
SCH BD GTY 1520 CARBON CNTY UT SCH DIST  UTGO 140897GK9 6/15/2027 5.000 127.665 1.080 n
120 BONDURANT IA SER B UTGO 098041KF2 6/1/2028 4.000 119.058 1.550 n
BAM 100 FREEPORT IL REF-SER B UTGO BQ Callable 12/1/2023 @ 100 356640GR7 12/1/2028 4.000 109.101 1.550 2.829 n
250 BONDURANT IA SER B UTGO Callable 6/1/2028 @ 100 098041KG0 6/1/2029 2.000 102.710 1.650 1.685 n
SCH BD GTY 1675 CARBON CNTY UT SCH DIST  UTGO 140897GM5 6/15/2029 5.000 133.029 1.250 n
AGM 25 YUMA CNTY AZ HIGH SCH DIST #70 YUMA Callable 7/1/2026 @ 100 988713HY2 7/1/2029 3.500 113.188 1.350 1.961 n
870 WEST HANOVER TWP PA UTGO –  BQ Callable 5/15/2025 @ 100 953052BW6 11/15/2029 2.000 101.496 1.700 1.831 n
SD CRED PR 10 PAINESVILLE OH LOCAL SCH DIST UTGO BQ 695696DC5 12/1/2029 3.000 111.254 1.750 n
25 NEW BRAUNFELS TX  LIMITED TAX GO Callable 2/1/2023 @ 100 642526PM3 2/1/2030 4.000 108.403 1.150 3.021 n
320 BONDURANT IA SER B UTGO Callable 6/1/2028 @ 100 098041KH8 6/1/2030 2.000 101.927 1.750 1.795 n
250 BONDURANT IA SER B UTGO Callable 6/1/2028 @ 100 098041KJ4 6/1/2031 2.000 101.151 1.850 1.887 n
60 KOHLER WI CORPORATE PURP UTGO BQ Callable 6/1/2023 @ 100 500244DD7 6/1/2031 4.000 109.143 1.200 3.040 n
300 CHESHIRE CNTY NH  UTGO Callable 1/15/2030 @ 100 165393KB4 1/15/2032 2.000 100.000 2.000 2.000 n
SD CRED PR 150 HUTCHINSON MN ISD #423 UTGO Callable 2/1/2028 @ 100 448348MJ8 2/1/2032 2.000 100.000 2.000 2.000 n
BAM-TCRS 80 WEST FARGO ND UTGO Callable 5/1/2026 @ 100 952718K52 5/1/2032 3.000 105.853 2.000 2.444 n
580 BONDURANT IA SER B UTGO Callable 6/1/2028 @ 100 098041KK1 6/1/2032 2.000 100.765 1.900 1.930 n
180 MARICOPA CNTY AZ USD #60 UTGO Callable 7/1/2024 @ 100 567313EQ0 7/1/2032 3.375 107.997 1.500 2.617 n
ST INTERCE 170 CASS CNTY IN GOVT BLDG CORP LEASE RV Callable 1/15/2030 @ 100 147775BW9 7/15/2032 2.000 99.000 2.092 n
100 LYNCHBURG VA  UTGO Callable 8/1/2029 @ 100 55127LAN5 8/1/2032 4.000 120.590 1.650 2.117 n
265 ESSEX CNTY NJ UTGO Callable 9/1/2027 @  100 296804M46 9/1/2032 2.000 99.446 2.050 n
100 CHESHIRE CNTY NH  UTGO Callable 1/15/2030 @ 100 165393KC2 1/15/2033 2.000 98.869 2.100 n
ST AID WIT 155 HARBORFIELDS NY CENTRL SCH DIST UTGO Callable 9/1/2027 @  100 411612HG2 9/1/2033 2.000 98.822 2.100 n
ST AID WIT 175 GOSHEN NY CENTRL SCH DIST UTGO Callable 12/1/2027 @ 100 383358FU7 12/1/2033 2.125 100.000 2.125 2.125 n
SD CRED PR 1110 HUTCHINSON MN ISD #423 UTGO Callable 2/1/2028 @ 100 448348ML3 2/1/2034 2.125 99.339 2.180 n
60 LOSTANT IL REF UTGO BQ Callable 5/1/2030 @ 100 54567YAG2 5/1/2034 3.000 100.000 3.000 3.000 n
30 CHAMBERSBURG PA  UTGO BQ Callable 4/1/2025 @ 100 157861LK9 10/1/2034 4.000 110.827 1.770 3.074 n
150 BAKERSFIELD CA CITY SCH DIST UTGO Callable 11/1/2028 @ 100 057507LR4 11/1/2034 3.000 107.995 2.000 2.355 n
SD CRED PR 205 HUTCHINSON MN ISD #423 UTGO Callable 2/1/2028 @ 100 448348MM1 2/1/2035 2.250 99.620 2.280 n
BAM 285 WASHOE CNTY NV SCH DIST SER A LTGO Callable 6/1/2029 @ 100 940859ED9 6/1/2035 3.000 106.720 2.200 2.471 n
SCH BD GTY 1920 CARBON CNTY UT SCH DIST  UTGO Callable 12/15/2029 @ 100 140897GT0 6/15/2035 2.250 100.000 2.250 2.250 n
SCH BD GTY 2060 CARBON CNTY UT SCH DIST  UTGO Callable 12/15/2029 @ 100 140897GU7 6/15/2036 2.250 99.320 2.300 n
1000 LYNCHBURG VA  UTGO Callable 8/1/2029 @ 100 55127LAS4 8/1/2036 2.250 100.000 2.250 2.250 n
SCH BD GTY 2005 CARBON CNTY UT SCH DIST  UTGO Callable 12/15/2029 @ 100 140897GV5 6/15/2037 2.250 98.579 2.350 n
130 LOSTANT IL REF UTGO BQ Callable 5/1/2030 @ 100 54567YAH0 5/1/2038 3.200 100.000 3.200 3.200 n
SCH BD GTY 2155 CARBON CNTY UT SCH DIST  UTGO Callable 12/15/2029 @ 100 140897GW3 6/15/2038 2.375 99.629 2.400 n
2620 LYNCHBURG VA  UTGO Callable 8/1/2029 @ 100 55127LAU9 8/1/2038 2.375 99.925 2.380 n
SCH BD GTY 2210 CARBON CNTY UT SCH DIST  UTGO Callable 12/15/2029 @ 100 140897GX1 6/15/2039 2.375 98.847 2.450 n
SCH BD GTY 400 CARBON CNTY UT SCH DIST  UTGO Callable 12/15/2029 @ 100 140897GY9 6/15/2040 2.500 100.000 2.500 2.500 n
120 LOSTANT IL REF UTGO BQ Callable 5/1/2030 @ 100 54567YAJ6 5/1/2042 3.400 100.000 3.400 3.400 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

Moody S&P Insurer Cust Ofr ($,000s) Description Call 1 CUSIP Mat Dt Cpn(%) Price Yield(%) YTM(%) Taxable
100 COLLIN CNTY TX TAXABLE-REF-SER B Callable 2/15/2023 @ 100 194740EG7 2/15/2024 3.019 103.598 1.800 2.087 y
50 BERGEN CNTY NJ TAXABLE UTGO 083763VE9 12/1/2030 2.500 101.426 2.350 y
200 BERGEN CNTY NJ TAXABLE UTGO 083763VF6 12/1/2031 2.500 101.023 2.400 y
120 TEXAS ST A & M UNIV REV TAXABLE Callable 5/15/2026 @ 100 88213AGK5 5/15/2032 3.108 105.009 2.250 2.628 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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