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
30 NEVADA ST CAPITAL IMPT-LTGO HISTORIC 641462EN2 4/1/2022 5.0000 105.1380 0.2000 n
20 MARICOPA CNTY AZ HSD UTGO  #210 Callable 7/1/2022 @ 100 567505LJ9 7/1/2023 4.0000 104.9460 0.2500 1.8140 n
AGM 25 MCLEANSBORO IL ELEC REVENUE BQ 582138AW3 11/1/2023 5.3500 113.4890 0.2500 n
225 GENEVA IL PUBLIC LIBRARY DIST SER A 372087BT2 12/30/2024 5.0000 116.7950 0.5500 n
90 ACTON MA SER A LTGO 005068QF1 3/15/2027 5.0000 125.2220 0.7000 n
40 WAUKEE IA WTR REVENUE SER B Callable 6/1/2026 @ 100 942840CW7 6/1/2027 3.0000 111.5370 0.7500 1.0820 n
75 SYRACUSE NY REF-SER A 8717024Q6 8/1/2027 5.0000 124.7580 1.0000 n
40 GRAND TRAVERSE CNTY MI  LTGO BQ Callable 10/1/2025 @ 100 386497BV2 10/1/2027 3.5000 112.8180 0.6500 1.4480 n
125 FAIRBANKS OH LOCAL SCH DIST UTGO BQ 303549DX4 12/1/2028 3.0000 114.0570 1.1000 n
500 PLYMOUTH WI JT SCH DIST UTGO BQ Callable 4/1/2027 @ 100 730117FX1 4/1/2029 3.0000 113.0130 0.8000 1.2970 n
395 ACTON MA SER A LTGO Callable 3/15/2029 @ 100 005068QJ3 3/15/2030 2.0000 106.8740 1.1000 1.1920 n
20 TEMPE AZ UTGO Callable 7/1/2027 @ 100 8797094T7 7/1/2030 3.0000 111.2480 1.1500 1.6910 n
165 ACTON MA SER A LTGO Callable 3/15/2029 @ 100 005068QK0 3/15/2031 2.0000 104.9130 1.3500 1.4700 n
ST AID WIT 30 EL PASO CNTY CO SCH DIST #20  UTGO Callable 12/15/2026 @ 100 283461F97 12/15/2031 5.0000 123.3480 0.8500 2.5130 n
Q-SBLF 80 MONTABELLA MI CMNTY SCH DIST UTGO Callable 5/1/2031 @ 100 611771FN1 5/1/2034 2.0000 100.0000 2.0000 2.0000 n
50 N TEXAS ST MUNI WTR DIST REGL REV Callable 6/1/2030 @ 100 662835Y43 6/1/2034 4.0000 121.3340 1.5000 2.1330 n
275 ANCHORAGE AK SER A UTGO Callable 9/1/2028 @ 100 0331616Z8 9/1/2034 5.0000 125.8660 1.3560 2.6990 n
AGM 25 ALPENA CNTY MI CAPITAL IMPT-JAIL Callable 5/1/2025 @ 100 020587LU3 5/1/2036 3.5000 107.6070 1.6000 2.8770 n
140 BEDFORD NY LIMITED TAX GO Callable 3/1/2028 @ 100 076311TM1 3/1/2037 2.0000 100.0000 2.0000 2.0000 n
270 ESTRN CA MUNI WTR DIST WTR & WSTWTR Callable 7/1/2026 @ 100 27627TBF8 7/1/2037 5.0000 120.1050 1.1000 3.3860 n
ST AID WIT 75 PITTSFIELD MA LIMITED TAX GO Callable 12/1/2029 @ 100 725464CS8 12/1/2037 2.0000 100.0000 2.0000 2.0000 n
65 AUBURNDALE WI SCH DIST  UTGO BQ Callable 3/1/2029 @ 100 05068PDF6 3/1/2038 1.5000 91.4690 2.1000 n
260 WINTHROP MA UTGO Callable 9/1/2024 @ 100 976350KA5 9/1/2038 4.0000 110.2600 1.0000 3.2280 n
25 BERKELEY CA UNIF SCH DIST UTGO Callable 8/1/2030 @ 100 084154C68 8/1/2039 2.0000 98.4790 2.1000 n
AGM 100 TIMBER LANE TX UTILITY DIST UTGO Callable 8/1/2026 @ 100 887127A81 8/1/2039 1.5000 90.1750 2.1500 n
AGM 40 FORT BEND CNTY TX WC&ID #2 UTGO Callable 9/1/2026 @ 100 346820VJ9 9/1/2043 3.7500 109.0540 2.0000 3.1830 n
20 ILLINOIS ST FIN AUTH REVENUE Callable 5/1/2025 @ 100 45204FCF0 5/1/2045 4.1250 108.4300 2.0000 3.5990 n
Q-SBLF 150 MONTABELLA MI CMNTY SCH DIST UTGO Callable 5/1/2031 @ 100 611771GA8 5/1/2046 2.2500 98.1100 2.3500 n
50 BRD OF REGENTS-EASTERN MICHIGAN UNIV Callable 3/1/2028 @ 100 276731ZY5 3/1/2047 4.0000 109.5630 2.5000 3.4400 n
300 UNIV OF CALIFORNIA CA REVENUES Callable 5/15/2027 @ 100 91412GY25 5/15/2047 5.0000 120.6270 1.5000 3.7560 n
25 CALIFORNIA ST VARIOUS PURPOSE UTGO Callable 4/1/2026 @ 100 13063DFR4 10/1/2047 3.6250 110.3400 1.5000 3.0540 n
1635 ACTON MA SER A LTGO Callable 3/15/2029 @ 100 005068RE3 3/15/2050 2.1250 98.8220 2.1800 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
120 RANCHO CA WTR DIST FING AUTH TAXABLE Callable 8/1/2030 @ 100 752111PK4 8/1/2031 1.6500 96.7260 2.0000 y
SD CRED PR 55 MIDDLETOWN OH CITY SCH DIST UTGO Callable 12/1/2029 @ 100 597137JU3 12/1/2048 3.5520 108.2090 2.5000 3.1080 y
245 SHASTA-TEHAMA-TRINITY CA UTGO TXBL Callable 8/1/2029 @ 100 820195FD2 8/1/2049 3.6010 104.4330 3.0000 3.3580 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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