1. Ingeniería

TAX FREE MUNICIPALS
Commentary:9:41:38 AM ESTThursday, February 5, 2015
Tax Rate: 28.000%
Qty
Min
Issue
Municipal
15
5
ST JOSEPH CNTY IND ECONOMIC DE REV BDS
SAINT MARYS COLLEGE NOTRE DAME INDIANA Ser
2007, Callable, Next Call 04-01-2017 @ 100.000,
Mandatory Sinking Fund
CUSIP: 790608DM2
Ratings
Insurer
Underlying
State/Ind.
Coupon
Maturity
Settlement
Pay Frequency
YTM
YTW
YTW Date
YTW Price
TEY/TFY
Price
GSC
GSC($)
Moodys / S&P / Fitch
A3/AA-/--MBIA
---/A-/---
IN
3.250
04/01/2028
02/10/2015
Semi-Annually 2.994
1.927
04/01/2017
100.000
4.158
2.676
102.762 1.750
$262.50
110 MONTERRA CMNTY DEV DIST FLA SP SPL ASSMT
1 0 REF BDS
Ser 2015, Callable, Next Call 05-01-2025 @
100.000, Mandatory Sinking Fund
CUSIP: 612649AT0
---/AA/--AGMC
---/A/---
FL
3.375
05/01/2031
02/11/2015
Semi-Annually 3.228
3.163
05/01/2025
100.000
4.483
4.393
101.836 1.750
$1,925.00
175 FORT BEND CNTY TEX MUN UTIL DI ULTD TAX REF
5
BDS
Ser 2015, Callable, Next Call 04-01-2021 @
100.000
CUSIP: 34683AHX1
---/AA/--AGMC
---/BBB/---
TX
3.125
04/01/2032
03/01/2015
Semi-Annually 3.061
2.971
04/01/2021
100.000
4.251
4.126
100.850 1.750
$3,062.50
500 SEYMOUR IND SEW WKS REV REV BDS
5
Ser 2015, Callable, Next Call 01-01-2023 @
100.000, Mandatory Sinking Fund
CUSIP: 818614FG9
---/AA/--AGMC
---/A+/---
IN
3.125
07/01/2032
02/12/2015
Semi-Annually 3.039
2.960
01/01/2023
100.000
4.221
4.111
101.153 1.750
$8,750.00
20
10
FLORIDA ST MUN LN COUNCIL REV REV BDS
Ser SER B, Callable, Next Call 10-01-2020 @
100.000, Mandatory Sinking Fund
CUSIP: 342815YW1
---/AA/AA
AGMC
---/AA/---
FL
4.375
10/01/2032
02/10/2015
Semi-Annually 3.523
2.263
10/01/2020
100.000
4.893
3.143
111.125 1.750
$350.00
20
5
FRANKFORT KY ELEC & WTR PLT BR REV BDS
Ser 2015A, Callable, Next Call 12-01-2024 @
100.000
CUSIP: 352280EC1
---/AA/--AGMC
---/A/---
KY
3.000
12/01/2032
02/10/2015
Semi-Annually 3.026
3.026
06/01/2032
100.000
4.203
4.203
Aa3/AA-/AA-
NY
3.250
07/15/2033
02/10/2015
Semi-Annually 3.213
3.176
01/15/2023
100.000
4.463
4.411
650 PORT AUTH N Y & N J CONSOLIDATED BDS
5
Ser 177TH, Callable, Next Call 01-15-2023 @
100.000, Subject To Alternative Minimum Tax
CUSIP: 73358WMH4
99.647
1.750
$350.00
100.511 1.750
$11,375.00
Aa3/---/---
For Broker/Dealer Use Only Securities offered through National Securities Corporation, Inc (NSC). Member FINRA/SIPC Investment Advisory Services offered through National Asset Management, Inc. (NAM) NSC and NAM are affiliated entities.
Page 1 of 4
Qty
Min
Issue
Ratings
Insurer
Underlying
State/Ind.
Coupon
Maturity
Settlement
55
5
TIMBER LANE TEX UTIL DIST ULTD TAX REF BDS
Ser 2015, Callable, Next Call 08-01-2022 @
100.000
CUSIP: 887127UD8
A2/AA/--AGMC
A2/---/---
TX
3.125
230 LAKEWOOD TWP N J BRD ED SCH BDS
5
Ser 2015, Callable, Next Call 09-15-2024 @
100.000
CUSIP: 512680BU2
---/AA/--AGMC
---/A/---
NJ
490 FRANKFORT KY ELEC & WTR PLT BR REV BDS
5 0 Ser 2015A, Callable, Next Call 12-01-2024 @
100.000
CUSIP: 352280ED9
---/AA/--AGMC
---/A/---
150 DELANO CALIF CMNTY REDEV AGY S TAX ALLOC
5
REF BDS
Ser A, Callable, Next Call 09-01-2025 @ 100.000
CUSIP: 245587AS9
YTM
YTW
YTW Date
YTW Price
TEY/TFY
08/01/2033
02/10/2015
Semi-Annually 3.115
3.104
08/01/2022
100.000
4.326
4.311
3.000
09/15/2033
02/17/2015
Semi-Annually 3.032
3.032
09/15/2033
100.000
4.211
4.211
99.546
1.750
$4,025.00
KY
3.000
12/01/2033
02/10/2015
Semi-Annually 3.069
3.069
12/01/2033
100.000
4.263
4.263
99.020
1.750
$8,575.00
---/AA/--AGMC
---/A/---
CA
3.125
09/01/2034
02/12/2015
Semi-Annually 3.115
3.108
09/01/2025
100.000
4.326
4.317
100.151 1.750
$2,625.00
100 WINTER HAVEN FLA UTIL SYS REV UTIL SYS REF
5
REV BDS
Ser 2015, Callable, Next Call 10-01-2024 @
100.000
CUSIP: 975840BT5
---/AA/AA
BAM
---/AA-/---
FL
3.000
10/01/2034
02/25/2015
Semi-Annually 3.015
3.015
04/01/2034
100.000
4.188
4.188
185 CARTERET N J GEN IMPT BDS
2 5 Ser 2015, Callable, Next Call 02-01-2025 @
100.000
CUSIP: 146357PU6
A1/AA/--AGMC
A1/---/---
NJ
3.125
02/01/2035
02/10/2015
Semi-Annually 3.054
3.003
02/01/2025
100.000
75
5
Aa2/-/---
NY
3.000
02/15/2035
02/17/2015
Semi-Annually 2.956
2.906
PAWLING N Y CENT SCH DIST SCH DIST BDS
Ser 2015A, Callable, Next Call 02-15-2023 @
100.000, Bank Qualified
CUSIP: 704049GN9
Pay Frequency
Price
GSC
GSC($)
100.139 1.750
$962.50
99.775
1.750
$1,750.00
4.242
4.171
101.048 1.750
$3,237.50
02/15/2023
100.000
4.106
4.036
100.666 1.750
$1,312.50
Aa2/---/---
120 WINTER HAVEN FLA UTIL SYS REV UTIL SYS REF
5 0 REV BDS
Ser 2015, Callable, Next Call 10-01-2024 @
100.000
CUSIP: 975840BU2
---/AA/AA
BAM
---/AA-/---
FL
3.125
10/01/2035
02/25/2015
Semi-Annually 3.099
3.076
10/01/2024
100.000
4.304
4.272
100.399 1.750
$2,100.00
40
5
A2/-/--AGMC
A2/---/---
OH
4.125
12/01/2035
02/10/2015
Semi-Annually 3.502
2.426
12/01/2020
100.000
4.864
3.369
109.149 1.750
$700.00
TROTWOOD OHIO VAR PURP BDS
Ser 2010, Callable, Next Call 12-01-2020 @
100.000, Bank Qualified, Mandatory Sinking Fund
CUSIP: 897115DT5
For Broker/Dealer Use Only Securities offered through National Securities Corporation, Inc (NSC). Member FINRA/SIPC Investment Advisory Services offered through National Asset Management, Inc. (NAM) NSC and NAM are affiliated entities.
Page 2 of 4
Qty
Min
Issue
Ratings
Insurer
Underlying
State/Ind.
Coupon
Maturity
Settlement
60
25
PAWLING N Y CENT SCH DIST SCH DIST BDS
Ser 2015A, Callable, Next Call 02-15-2023 @
100.000, Bank Qualified
CUSIP: 704049GP4
Aa2/-/---
NY
3.000
FL
Pay Frequency
YTM
YTW
YTW Date
YTW Price
TEY/TFY
02/15/2036
02/17/2015
Semi-Annually 2.990
2.977
02/15/2023
100.000
3.200
07/01/2036
02/10/2015
Semi-Annually 3.179
3.160
NY
3.000
02/15/2037
02/17/2015
Price
GSC
GSC($)
4.153
4.135
100.160 1.750
$1,050.00
07/01/2024
100.000
4.415
4.389
100.320 1.750
$3,150.00
Semi-Annually 3.023
3.023
02/15/2037
100.000
4.199
4.199
Aa2/---/---
180 MIAMI-DADE CNTY FLA GO BDS
5
Ser 2015C, Callable, Next Call 07-01-2024 @
100.000
CUSIP: 59333FQP8
Aa2/AA/---
60
25
PAWLING N Y CENT SCH DIST SCH DIST BDS
Ser 2015A, Callable, Next Call 02-15-2023 @
100.000, Bank Qualified
CUSIP: 704049GQ2
Aa2/-/---
25
25
NACOGDOCHES CNTY TEX HOSP DIST SALES TAX
IMPT AND
Ser 2013, Callable, Next Call 05-15-2022 @
100.000, Mandatory Sinking Fund
CUSIP: 629621EV1
---/AA/AAGMC
---/A-/---
TX
4.000
05/15/2037
02/10/2015
Semi-Annually 3.648
3.171
05/15/2022
100.000
5.067
4.404
80
25
ROLLING FORK PUB UTIL DIST TEX COMB ULTD
TAX AND R
Ser 2015, Callable, Next Call 10-01-2022 @
100.000, Bank Qualified, Mandatory Sinking Fund
CUSIP: 775649FK7
A2/AA/--AGMC
Baa2/---/---
TX
3.250
10/01/2037
02/10/2015
Semi-Annually 3.263
3.263
04/01/2036
100.000
4.532
4.532
70
10
CHICAGO ILL O HARE INTL ARPT R 3RD LIEN REV
BDS
Ser 2008A, Callable, Next Call 01-01-2018 @
100.000, Mandatory Sinking Fund
CUSIP: 1675923M4
A2/AA/AFSA
A2/A-/A-
IL
4.500
01/01/2038
02/10/2015
Semi-Annually 3.949
1.570
01/01/2018
100.000
25
10
LOUISIANA PUB FACS AUTH REV REV BDS
Ser 2006, Callable, Next Call 11-01-2017 @
100.000, Mandatory Sinking Fund
CUSIP: 546398QR2
A3/-/--AGC
Baa1/---/---
LA
4.250
11/01/2038
02/10/2015
Semi-Annually 3.867
2.013
125 PAWLING N Y CENT SCH DIST SCH DIST BDS
2 5 Ser 2015A, Callable, Next Call 02-15-2023 @
100.000, Bank Qualified
CUSIP: 704049GS8
Aa2/-/---
NY
3.125
02/15/2039
02/17/2015
305 FORT BEND CNTY TEX MUN UTIL DI ULTD TAX REF
1 0 BDS
Ser 2015, Callable, Next Call 04-01-2021 @
100.000, Mandatory Sinking Fund
CUSIP: 34683AJE1
---/AA/--AGMC
---/BBB/---
TX
3.375
04/01/2039
03/01/2015
Aa2/---/---
99.627
1.750
$1,050.00
105.334 1.750
$437.50
Aa2/---/---
99.795
1.750
$1,400.00
5.485
2.181
108.250 1.750
$1,225.00
11/01/2017
100.000
5.371
2.796
105.900 1.750
$437.50
Semi-Annually 3.072
2.998
02/15/2023
100.000
4.267
4.164
100.900 1.750
$2,187.50
Semi-Annually 3.412
3.412
04/01/2039
100.000
4.739
4.739
Aa2/---/---
99.396
1.750
$5,337.50
For Broker/Dealer Use Only Securities offered through National Securities Corporation, Inc (NSC). Member FINRA/SIPC Investment Advisory Services offered through National Asset Management, Inc. (NAM) NSC and NAM are affiliated entities.
Page 3 of 4
Qty
Min
Issue
Ratings
Insurer
Underlying
State/Ind.
YTM
YTW
YTW Date
YTW Price
TEY/TFY
40
5
PHILADELPHIA PA MUN AUTH REV CITY SVC
AGREEMENT RE
Ser 2014B, Callable, Next Call 01-15-2024 @
100.000
CUSIP: 717904KU9
A2/AA/AAGMC
A2/A+/---
01/15/2040
02/10/2015
Semi-Annually 3.636
2.966
01/15/2024
100.000
110 PAWLING N Y CENT SCH DIST SCH DIST BDS
5
Ser 2015A, Callable, Next Call 02-15-2023 @
100.000, Bank Qualified
CUSIP: 704049GT6
Aa2/-/---
3.125
02/15/2040
02/17/2015
Semi-Annually 3.095
3.050
50
10
FLORIDA ST MUN LN COUNCIL REV REV BDS
Ser SER A, Callable, Next Call 10-01-2020 @
100.000, Mandatory Sinking Fund
CUSIP: 342815YD3
FL
4.625
10/01/2040
02/10/2015
45
5
NORTHERN ILL MUN PWR AGY PWR P REV BDS
Ser 2007A, Callable, Next Call 01-01-2018 @
100.000, Mandatory Sinking Fund
CUSIP: 665250AU0
A2/-/AMBIA
A2/---/A-
IL
5.000
120 PAWLING N Y CENT SCH DIST SCH DIST BDS
5
Ser 2015A, Callable, Next Call 02-15-2023 @
100.000, Bank Qualified
CUSIP: 704049GV1
Aa2/-/---
NY
25
10
A2/AA/AAGMC
A2/A+/---
500 DELTONA FLA UTIL SYS REV REV BDS
2 5 Ser 2014, Callable, Next Call 10-01-2024 @
100.000, Mandatory Sinking Fund
CUSIP: 247888DD9
500 TANGIPAHOA PARISH LA WTR DIST REV BDS
2 5 Ser 2014 B, Callable, Next Call 12-01-2020 @
100.000, Bank Qualified, Mandatory Sinking Fund
CUSIP: 875682EY8
PHILADELPHIA PA MUN AUTH REV CITY SVC
AGREEMENT RE
Ser 2014B, Callable, Next Call 01-15-2024 @
100.000, Mandatory Sinking Fund
CUSIP: 717904KV7
Coupon
Maturity
Settlement
PA
4.250
NY
---/AA/AAGMC
---/A/---
Pay Frequency
Price
GSC
GSC($)
5.050
4.119
110.006 1.750
$700.00
02/15/2023
100.000
4.299
4.236
100.525 1.750
$1,925.00
Semi-Annually 3.989
2.674
10/01/2020
100.000
5.540
3.714
110.150 1.750
$875.00
01/01/2042
02/10/2015
Semi-Annually 4.359
1.425
01/01/2018
100.000
6.054
1.979
110.090 1.750
$787.50
3.250
02/15/2042
02/17/2015
Semi-Annually 3.200
3.122
02/15/2023
100.000
4.444
4.336
100.900 1.750
$2,100.00
PA
4.250
01/15/2044
02/10/2015
Semi-Annually 3.588
2.745
01/15/2024
100.000
4.983
3.813
111.850 1.750
$437.50
---/AA/A+
AGMC
---/A/---
FL
4.000
10/01/2044
02/10/2015
Semi-Annually 3.570
3.057
10/01/2024
100.000
4.958
4.246
107.824 1.750
$8,750.00
---/AA/--AGMC
---/A+/---
LA
4.000
12/01/2044
02/10/2015
Semi-Annually 3.648
2.805
12/01/2020
100.000
5.067
3.896
106.361 1.750
$8,750.00
Aa2/---/---
Aa2/---/---
02/05/2015 09:42:12 AM
For Broker/Dealer Use Only Securities offered through National Securities Corporation, Inc (NSC). Member FINRA/SIPC Investment Advisory Services offered through National Asset Management, Inc. (NAM) NSC and NAM are affiliated entities.
Page 4 of 4