What We Normally Buy

    • BBB to A-/A3 Rated bonds or better.
    • 8-18 years average maturity.
    • 3 ½% to 4 ½% current yield.
    • Occasionally discounted bonds to Face Value.
    • GO Bonds: States, Districts, Counties.
    • Revenue bonds of Essential Services: Water, Power, and Sewer.
    • Senior Debt.
    • Property Tax Bonds: Loan to Value coverage of normally 10 times or better rolled back to 2002.
    • Redevelopment Agency Bonds: Debt-to-service coverage of normally 115% or better.

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For complete and updated information about our Investment programs and services, please refer to the Firm ADV Part 2A - Firm Brochure: