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Municipal Bond of the Day

Description: San Jose, CA Redevelopment Agency
Amount: 20m (available as of 2/3/2012)
Coupon: 4.25%
Maturity: 8/1/2036
Yield: 5.90%
Taxable Equivalent Yield: 10.148%*
Rating: 

Moody’s Insured: Baa3,
Underlying: Baa3;
S&P: BBB,
Underlying: BBB;
Fitch: BBB-,
Underlying: BBB-
Price: $78.769
*assuming the highest tax bracket

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Walnut Creek, CA 94596 (Map)
Phone: (800) 645-5560
Fax: (925) 472-3909

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Las Vegas, NV 89169(Map)
Phone (866) 319-5772
Fax: (702) 804-4208

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Managed Accounts

A managed account is an account owned by an individual investor and looked over by an investment professional. It is a personalized portfolio for the individual investor, as opposed to a mutual fund, which is professionally managed on half of all the holders of that fund.

Investors with managed accounts consult with an Alamo Capital professional to determine the individual’s specific goals and expectations and the professional then creates an investment plan and monitors the progress of the account.