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

Cust Ofr ($,000s) Description Call 1 CUSIP Mat Dt Cpn(%) Price Yield(%) YTM(%) Taxable
100 CONCORD IN CMNTY SCHS BLDG CORP REV 206256TJ8 1/15/2020 3.000 100.896 1.600 n
50 URBANDALE IA SER A UTGO 917202Y49 6/1/2020 5.000 103.494 1.550 n
50 HARRIS CNTY TX MUD #419 UTGO 41421DVK9 9/1/2020 4.000 102.950 1.650 n
115 HUTCHINSON MN STORMWTR -UTGO BQ 448285NW2 2/1/2021 3.000 102.325 1.600 n
25 IOWA ST FIN AUTH REVENUE ST Callable 8/1/2021 @ 100 46246KM58 8/1/2021 5.000 107.403 1.550 1.550 n
25 LA SALLE CNTY IL CUSD #2 UTGO BQ 504396GL0 12/1/2021 3.000 102.450 2.000 n
45 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AC2 2/1/2022 3.000 103.271 1.750 n
35 BELOIT WI UTGO CORP PURP BONDS-SER D Callable 4/1/2021 @ 100 080637HL8 4/1/2022 3.000 102.366 1.700 2.142 n
100 EVANSVILLE WI REF-SER B UTGO BQ 299641HJ2 4/1/2022 4.000 106.218 1.730 n
75 MORAINE PARK WI TECH CLG UTGO BQ 616454XY5 4/1/2022 3.000 103.646 1.670 n
2040 CLEAR CREEK-AMANA IA CSD UTGO 184503JE1 6/1/2022 2.000 100.980 1.660 n
840 PEORIA AZ  UTGO 712838SV4 7/15/2022 5.000 110.533 1.520 n
65 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AD0 8/1/2022 3.000 103.799 1.770 n
25 CARMEL NY PUBLIC IMPT LTGO BQ 143357VN8 10/1/2022 3.000 104.726 1.550 n
95 COOK CNTY IL SCH DIST #162 UTGO BQ 215291QB4 12/1/2022 4.000 106.717 2.000 n
20 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AE8 2/1/2023 3.000 104.265 1.800 n
30 DESOTO TX REF LTGO 24170PJV1 2/15/2023 3.000 104.567 1.730 n
50 PLATTEVILLE WI SER A UTGO BQ 727873MZ1 3/1/2023 4.000 108.135 1.750 n
140 EVANSVILLE WI REF-SER B UTGO BQ 299641HK9 4/1/2023 4.000 108.275 1.750 n
180 MORAINE PARK WI TECH CLG UTGO BQ 616454XZ2 4/1/2023 3.000 104.786 1.700 n
1600 CLEAR CREEK-AMANA IA CSD UTGO 184503JF8 6/1/2023 2.000 101.145 1.700 n
35 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AG3 2/1/2024 3.000 105.143 1.850 n
25 PLATTEVILLE WI SER A UTGO BQ 727873NA5 3/1/2024 4.000 109.976 1.800 n
35 EVANSVILLE WI REF-SER B UTGO BQ 299641HL7 4/1/2024 4.000 110.110 1.800 n
185 MORAINE PARK WI TECH CLG UTGO BQ 616454YA6 4/1/2024 3.000 105.846 1.730 n
70 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AH1 8/1/2024 3.000 105.564 1.870 n
50 PLATTEVILLE WI SER A UTGO BQ 727873NB3 3/1/2025 4.000 111.679 1.850 n
145 EVANSVILLE WI REF-SER B UTGO BQ 299641HM5 4/1/2025 3.000 106.315 1.850 n
100 MORAINE PARK WI TECH CLG UTGO BQ 616454YB4 4/1/2025 3.000 106.886 1.750 n
25 BURLINGTON WI WTRWKS SYS REV BQ 122139CG1 5/1/2025 4.000 111.703 1.900 n
30 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AK4 8/1/2025 3.000 106.214 1.930 n
45 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AL2 2/1/2026 3.000 106.555 1.950 n
3170 GEORGETOWN CNTY SC SCH DIST UTGO 372640KB7 3/1/2026 5.000 121.501 1.620 n
100 PLATTEVILLE WI SER A UTGO BQ 727873NC1 3/1/2026 4.000 113.247 1.900 n
150 EVANSVILLE WI REF-SER B UTGO BQ 299641HN3 4/1/2026 3.000 107.002 1.900 n
105 MORAINE PARK WI TECH CLG UTGO BQ 616454YC2 4/1/2026 3.000 107.667 1.800 n
60 BELLEVUE WI CORPORATE PURP UTGO BQ 07940EKM8 3/1/2027 3.000 107.165 2.000 n
95 BROWN DEER WI SCH DIST UTGO BQ 115583LJ3 3/1/2027 3.000 106.423 2.100 n
105 PLATTEVILLE WI SER A UTGO BQ 727873ND9 3/1/2027 3.000 107.146 2.000 n
35 EVANSVILLE WI REF-SER B UTGO BQ Callable 4/1/2026 @ 100 299641HP8 4/1/2027 3.000 106.343 2.000 2.115 n
110 MORAINE PARK WI TECH CLG UTGO BQ Callable 4/1/2026 @ 100 616454YD0 4/1/2027 3.000 107.002 1.900 2.027 n
2035 CLEAR CREEK-AMANA IA CSD UTGO 184503JK7 6/1/2027 2.000 99.999 2.000 n
420 WARREN CNTY KY IMPT UTGO  BQ Callable 6/1/2022 @ 100 934850HS0 6/1/2027 3.125 103.285 2.000 2.667 n
50 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AQ1 2/1/2028 3.000 107.114 2.100 n
105 PLATTEVILLE WI SER A UTGO BQ 727873NE7 3/1/2028 3.000 107.159 2.100 n
65 EVANSVILLE WI REF-SER B UTGO BQ Callable 4/1/2026 @ 100 299641HQ6 4/1/2028 3.000 106.015 2.050 2.244 n
115 MORAINE PARK WI TECH CLG UTGO BQ Callable 4/1/2026 @ 100 616454YE8 4/1/2028 3.000 106.343 2.000 2.204 n
2800 CLEAR CREEK-AMANA IA CSD UTGO 184503JL5 6/1/2028 3.000 107.320 2.100 n
345 LAFAYETTE IN LOCAL INCOME TAX Callable 6/30/2027 @ 100 50630PAN7 6/30/2028 4.000 113.294 2.200 2.368 n
1240 PEORIA AZ  UTGO 712838TB7 7/15/2028 5.000 127.937 1.680 n
75 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AR9 8/1/2028 3.000 106.622 2.200 n
165 ST UNIV OF IOWA UNIV REVENUE Callable 11/1/2025 @ 100 857536UF1 11/1/2028 3.000 105.704 2.050 2.324 n
55 HUNTINGTON IN MUNI BLDG CORP REV BQ 446365AS7 2/1/2029 3.000 106.048 2.300 n
110 PLATTEVILLE WI SER A UTGO BQ Callable 3/1/2028 @ 100 727873NF4 3/1/2029 3.000 106.335 2.200 2.272 n
75 EVANSVILLE WI REF-SER B UTGO BQ Callable 4/1/2026 @ 100 299641HR4 4/1/2029 3.000 105.363 2.150 2.384 n
120 MORAINE PARK WI TECH CLG UTGO BQ Callable 4/1/2026 @ 100 616454YF5 4/1/2029 3.000 105.688 2.100 2.348 n
35 BURLINGTON WI WTRWKS SYS REV BQ Callable 5/1/2028 @ 100 122139CL0 5/1/2029 3.000 106.445 2.200 2.271 n
500 CLEAR CREEK-AMANA IA CSD UTGO Callable 6/1/2028 @ 100 184503JM3 6/1/2029 3.000 106.897 2.150 2.225 n
310 MARION IA SER A UTGO Callable 6/1/2026 @ 100 569611ZB5 6/1/2029 3.000 105.165 2.200 2.416 n
1250 PEORIA AZ  UTGO 712838TC5 7/15/2029 5.000 129.996 1.750 n
80 BONNER SPRINGS KS REF-SER A UTGO BQ Callable 9/1/2028 @ 100 098239SZ0 9/1/2029 3.000 107.520 2.100 2.176 n
80 PLATTEVILLE WI SER A UTGO BQ Callable 3/1/2028 @ 100 727873NG2 3/1/2030 3.000 105.518 2.300 2.414 n
2950 CLEAR CREEK-AMANA IA CSD UTGO Callable 6/1/2028 @ 100 184503JN1 6/1/2030 3.000 105.642 2.300 2.411 n
450 KIRKWOOD IA CMNTY CLG REF- UTGO Callable 6/1/2026 @ 100 497592KD6 6/1/2030 3.000 103.857 2.400 2.595 n
1375 DORAL FL  UTGO Callable 7/1/2029 @ 100 25812LAL2 7/1/2030 3.000 107.213 2.200 2.262 n
950 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TD3 7/15/2030 4.000 119.233 1.900 2.055 n
255 HUNTINGTON IN MUNI BLDG CORP REV BQ Callable 2/1/2029 @ 100 446365AV0 8/1/2030 3.000 104.717 2.450 2.514 n
475 BONNER SPRINGS KS REF-SER A UTGO BQ Callable 9/1/2028 @ 100 098239TA4 9/1/2030 3.000 107.085 2.150 2.282 n
1895 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KG6 3/1/2031 3.000 106.328 2.200 2.379 n
110 PLATTEVILLE WI SER A UTGO BQ Callable 3/1/2028 @ 100 727873NH0 3/1/2031 3.000 104.709 2.400 2.534 n
420 COUNCIL BLUFFS IA CMTY SCH DIST UTGO Callable 5/1/2027 @ 100 222147KJ8 5/1/2031 3.000 102.852 2.600 2.719 n
875 CLEAR CREEK-AMANA IA CSD UTGO Callable 6/1/2028 @ 100 184503JP6 6/1/2031 3.000 103.993 2.500 2.609 n
1420 DORAL FL  UTGO Callable 7/1/2029 @ 100 25812LAM0 7/1/2031 3.000 105.355 2.400 2.485 n
1505 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TE1 7/15/2031 4.000 118.224 2.000 2.270 n
225 BONNER SPRINGS KS REF-SER A UTGO BQ Callable 9/1/2028 @ 100 098239TB2 9/1/2031 3.000 106.653 2.200 2.370 n
20 WAUSEON OH VLG SCH DIST UTGO  BQ Callable 12/1/2025 @ 100 943436FM2 12/1/2031 4.000 110.245 2.300 3.012 n
1915 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KH4 3/1/2032 3.000 104.703 2.400 2.565 n
175 LONG BEACH TWP NJ  UTGO Callable 3/1/2026 @ 100 542552KD5 3/1/2032 3.000 102.155 2.650 2.798 n
110 PLATTEVILLE WI SER A UTGO BQ Callable 3/1/2028 @ 100 727873NJ6 3/1/2032 3.000 103.906 2.500 2.637 n
3100 CLEAR CREEK-AMANA IA CSD UTGO Callable 6/1/2028 @ 100 184503JQ4 6/1/2032 3.000 102.374 2.700 2.781 n
1310 DORAL FL  UTGO Callable 7/1/2029 @ 100 25812LAN8 7/1/2032 3.000 104.440 2.500 2.598 n
1565 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TF8 7/15/2032 3.000 107.215 2.200 2.357 n
130 BONNER SPRINGS KS REF-SER A UTGO BQ Callable 9/1/2028 @ 100 098239TC0 9/1/2032 3.000 105.794 2.300 2.484 n
2015 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KJ0 3/1/2033 3.000 103.107 2.600 2.727 n
110 PLATTEVILLE WI SER A UTGO BQ Callable 3/1/2028 @ 100 727873NK3 3/1/2033 3.000 103.110 2.600 2.727 n
350 WALLINGFORD CT  UTGO Callable 3/1/2025 @ 100 9325082W3 3/1/2033 3.000 101.860 2.650 2.836 n
1335 DORAL FL  UTGO Callable 7/1/2029 @ 100 25812LAP3 7/1/2033 3.000 103.533 2.600 2.697 n
1610 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TG6 7/15/2033 3.000 105.356 2.400 2.546 n
2065 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KK7 3/1/2034 3.000 102.319 2.700 2.807 n
115 PLATTEVILLE WI SER A UTGO BQ Callable 3/1/2028 @ 100 727873NL1 3/1/2034 3.000 102.322 2.700 2.806 n
1280 DORAL FL  UTGO Callable 7/1/2029 @ 100 25812LAQ1 7/1/2034 3.000 102.636 2.700 2.785 n
1660 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TH4 7/15/2034 3.000 103.534 2.600 2.713 n
2140 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KL5 3/1/2035 3.000 101.538 2.800 2.878 n
180 ROANE CNTY TN  UTGO Callable 5/1/2026 @ 100 769773XR8 5/1/2035 3.000 101.252 2.800 2.901 n
1710 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TJ0 7/15/2035 3.000 103.084 2.650 2.761 n
2135 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KM3 3/1/2036 3.000 101.150 2.850 2.913 n
205 ROANE CNTY TN  UTGO Callable 5/1/2026 @ 100 769773XS6 5/1/2036 3.000 100.937 2.850 2.929 n
1760 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TK7 7/15/2036 3.000 102.637 2.700 2.805 n
2250 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KN1 3/1/2037 3.000 100.764 2.900 2.944 n
280 BRIGHTON CO WTR ACTIVITY REVENUE Callable 6/1/2026 @ 100 10932PEW2 6/1/2037 4.000 109.271 2.550 3.313 n
1815 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TL5 7/15/2037 3.000 102.191 2.750 2.844 n
50 MAINE ST MUNI BOND BANK SER A Callable 11/1/2029 @ 100 56045RK32 11/1/2037 3.000 100.000 3.000 3.000 n
250 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KP6 3/1/2038 3.000 100.000 3.000 3.000 n
350 MIAMI-DADE CNTY FL TRANSIT SALES TAX Callable 7/1/2029 @ 100 59334PHL4 7/1/2038 3.000 100.000 3.000 3.000 n
1870 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TM3 7/15/2038 3.000 101.748 2.800 2.880 n
350 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KQ4 3/1/2039 3.000 99.701 3.020 n
100 VIRGINIA ST CMWLTH TRANSPRTN BRD Callable 5/15/2029 @ 100 927793K99 5/15/2039 3.000 100.000 3.000 3.000 n
250 CLEAR CREEK-AMANA IA CSD UTGO Callable 6/1/2028 @ 100 184503JX9 6/1/2039 3.000 98.518 3.100 n
1775 PEORIA AZ  UTGO Callable 7/15/2029 @ 100 712838TN1 7/15/2039 3.000 101.307 2.850 2.914 n
2410 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KS0 3/1/2041 3.000 99.206 3.050 n
2340 GEORGETOWN CNTY SC SCH DIST UTGO Callable 3/1/2028 @ 100 372640KT8 3/1/2042 3.000 99.019 3.060 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

Cust Ofr ($,000s) Description Call 1 CUSIP Mat Dt Cpn(%) Price Yield(%) YTM(%) Taxable
155 N E IA CMNTY CLG TAXABLE UTGO 664214MW0 6/1/2020 2.750 100.353 2.370 y
175 N E IA CMNTY CLG TAXABLE UTGO 664214MX8 6/1/2021 2.750 100.699 2.380 y
655 PAYNE CNTY OK ISD #16  TAXABLE UTGO 704403LR3 6/1/2021 3.000 101.315 2.300 y
195 CEDAR HILL TX TAXABLE LTGO 1504112F2 8/15/2021 5.000 105.685 2.300 y
205 N E IA CMNTY CLG TAXABLE UTGO 664214MZ3 6/1/2023 2.750 101.121 2.450 y
215 N E IA CMNTY CLG TAXABLE UTGO 664214NA7 6/1/2024 2.750 101.155 2.500 y
240 N E IA CMNTY CLG TAXABLE UTGO 664214NB5 6/1/2025 2.750 101.096 2.550 y
225 N E IA CMNTY CLG TAXABLE UTGO 664214NC3 6/1/2026 2.750 100.946 2.600 y
35 INDIANA ST FIN AUTH REVENUE TAXABLE 45506DWS0 7/1/2026 2.616 98.819 2.800 y
55 UNIV OF CALIFORNIA CA REV TAXABLE 91412G2Y0 5/15/2027 3.039 100.983 2.900 y
230 N E IA CMNTY CLG TAXABLE UTGO Callable 6/1/2026 @ 100 664214ND1 6/1/2027 2.750 100.313 2.700 2.706 y
230 CEDAR HILL TX TAXABLE LTGO 1504112M7 8/15/2027 3.000 102.184 2.700 y
235 N E IA CMNTY CLG TAXABLE UTGO Callable 6/1/2026 @ 100 664214NE9 6/1/2028 2.800 100.000 2.800 2.800 y
90 CEDAR HILL TX TAXABLE LTGO 1504112N5 8/15/2028 3.000 101.605 2.800 y
120 MINNEAPOLIS MN TAXABLE UTGO Callable 12/1/2027 @ 100 60375BFN1 12/1/2028 3.000 102.262 2.700 2.728 y
75 NEW YORK CITY NY TFA TAXABLE Callable 8/1/2028 @ 100 64971XGE2 8/1/2029 3.800 106.381 3.000 3.066 y
270 CEDAR HILL TX TAXABLE LTGO Callable 8/15/2028 @ 100 1504112P0 8/15/2029 3.000 100.797 2.900 2.909 y
90 MINNEAPOLIS MN TAXABLE UTGO Callable 12/1/2027 @ 100 60375BFP6 12/1/2029 3.000 101.502 2.800 2.833 y
75 MINNEAPOLIS MN TAXABLE UTGO Callable 12/1/2027 @ 100 60375BFQ4 12/1/2030 3.000 100.747 2.900 2.923 y
25 CRESTON IA TAXABLE UTGO Callable 6/1/2024 @ 100 226237NT8 6/1/2031 3.000 96.078 3.400 y
215 MINNEAPOLIS MN TAXABLE UTGO Callable 12/1/2027 @ 100 60375BFS0 12/1/2032 3.050 100.000 3.050 3.050 y
235 CEDAR HILL TX TAXABLE LTGO Callable 8/15/2028 @ 100 1504112U9 8/15/2034 3.250 100.000 3.250 3.250 y
230 MINNEAPOLIS MN TAXABLE UTGO Callable 12/1/2027 @ 100 60375BFU5 12/1/2034 3.150 100.000 3.150 3.150 y
240 MINNEAPOLIS MN TAXABLE UTGO Callable 12/1/2027 @ 100 60375BFV3 12/1/2035 3.200 100.000 3.200 3.200 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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