SELECT MUNICIPAL BONDS
In the $3.8 trillion muni bond market, only a handful of bonds meet our criteria. The cheapest bonds that we trade throughout the day usually don’t make it to any trading platforms. They go directly to our clients including RIA’s, money managers, individual investors, or our SMA program. Here are examples of a few bonds that we think are attractive today. If you want to find out information on these or see offerings specific for your needs going forward, contact us to speak to a portfolio manager today.
HAND-SELECTED MUNI BONDS
Individual Bonds Compared with Funds and ETFs
|Examples of M&C|
|Yield to Worst||3.10%||2.33%||2.57%|
|Avg. Credit Rating||AA||AA||AA|
|BBB and Under||0%||11%||6.6%|
1. Sample municipal bonds exhibiting relative value priced with Bloomberg BVAL 9/25/18. Equal weight par value: 117023BB6; 3431363Y1; 414009GP9; 41401PBX0; 438689JG7; 442435K36; 46256QDJ2; 46613CN43; 546415L40; 51856CAR2; 507207DZ8; 546589UJ9; 591745M50; 65821DFT3; 682001CA8; 691879FS4; 76222RMU3; 837542EX3; 821697G31; 821532MJ4; 833085G31; 833085T45; 880064N30; 93974C6U9; 952718UV4.
2. Equal blend VWITX, MDNLX, and PMNIX as of 9/24/18.
3. Equal blend ITM, MUB, and VTEB as of 9/24/18.
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