Proposal to Serve as Senior Managing Underwriter
City of Ocoee, Florida
Request for Qualifications #1603 for Investment Banking Services
August 22, 2016
August 22, 2016
Ms. Joyce Tolbert, CPPB Purchasing Agent—City of Ocoee 150 N. Lakeshore Drive Ocoee, FL 34741
Dear Ms. Tolbert, Well Fargo Securities1 (“Wells Fargo” or “WFS”) is pleased to submit our response to the City of Ocoee’s (the “City”) Request for Proposals for investment banking services. We understand the commitment and services required for the City’s proposed financing, and our industry-leading financial strength, distribution networks, underwriting experience, and credit expertise enable us to provide the City with an exceptional level of investment banking and underwriting services.
EXPERIENCED PROFESSIONALS Wells Fargo’s public finance team has significant experience in Florida. Mr. Michael Olliff, Vice President, located in our Clearwater office, will serve as day-to-day contact and primary representative on behalf of Wells Fargo. Mr. Olliff is authorized to make representations on behalf of Wells Fargo. Mr. Olliff has over 19 years of municipal finance experience, and he has served as Wells Fargo’s lead banker on approximately $5 billion of municipal debt transactions. Mr. Olliff will be supported by experienced professionals in our Clearwater office, as well as specialty banking teams from across Wells Fargo’s national municipal platform.
ONE OF THE BEST-CAPITALIZED AND HIGHEST-RATED U.S. BANKS Wells Fargo Bank, National Association (“WFBNA”) is one of the best capitalized institutions in the nation with over $154 billion of total capital as of March 31, 2016, and one of the strongest institutions in the nation with credit ratings of Aa1 from Moody’s, AA- from S&P, and AA from Fitch. Wells Fargo’s public finance practice, also known as the Municipal Products Group (“WFBNA MPG”), operates within WFBNA. Our strong ratings and exceptional capital levels position us as a powerful underwriter and a prominent credit provider for municipal issuers across the country and in Florida specifically, as evidenced by our ranking as the #1 underwriter of competitive bonds in the State of Florida since 2012, having submitted the winning bid on 20 issues with a total combined par amount of approximately $3.2 billion representing 19.8% market share.2 LEADING FLORIDA UNDERWRITER AND TOP 5 NATIONAL UNDERWRITER Wells Fargo is one of the most active firms in the Florida municipal bond market and has consistently ranked as a top underwriter in the State. Since 2014, Wells Fargo has senior managed over $5.8 billion of par in the State of Florida and Wells Fargo currently ranks 2nd among senior managing underwriters of Florida municipal bond issues in 2016 year-to-date, based on a credited league table par amount of approximately $1.5 billion. Nationally, Wells Fargo has senior managed over $98.3 billion in par since 2014 and ranks 5th nationally among senior managing underwriters in 2016 year-to-date, with a credited league table par amount of $16.8 billion.3 Wells Fargo is a leading underwriter nationally and within Florida, and our positive momentum and high rankings serve as a testament to the strength of our municipal underwriting platform.
1 Wells Fargo Securities is the trade name for certain securities-related capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, National Association, acting through its Municipal Products Group. 2 Source: Thomson Reuters SDC Data. Represents competitive municipal Florida municipal new issues underwritten from 1/1/2012 to 7/31/2016; true economics to book running senior manager. 3 Source: Thomson Reuters SDC Data. 2016 year-to-date rankings represent Florida municipal new issues and national municipal new issues underwritten from 1/1/2016 through 7/31/2016; true economics to book runner. Total issuance amounts represent municipal new issues underwritten by Wells Fargo from 1/1/2014 through 7/31/2016.
Table of Contents
Question Page
1. General information about the Proposer, including a brief history of the firm, and the number and location of sales professionals (limit to 2 pages) ...... 1 2. Provide the names and roles of the public finance professionals you would expect to assist the City in the proposed debt financings and what office(s) from which the work will be performed, and indicating who will be the primary day-to-day contact for the engagement and their experience and availability. Resumes for your team members can be included as an appendix. (limit to 1 page excluding resumes as appendix) ...... 3 3. Provide a summary table (shown below) and a chronological listing of the firm’s Senior Managed, and Co-Managed underwriting experience both nationally and within the State of Florida since 2013. The summary table should include the following, and also specifically identify the source of the information included within the tables: ...... 4 4. Provide a summary table (shown below) and a chronological listing of the firm’s Senior Managed, and Co-Managed capital improvement revenue bond underwriting experience for Florida since 2013. The summary table should include the following, and also specifically identify the source of the information included within the tables: ...... 5 5. Provide a summary table (shown below) and a chronological listing of the firm’s Senior Managed, and Co-Managed underwriting water and sewer revenue bonds experience Florida since 2013. The summary table should include the following, and also specifically identify the source of the information included within the tables: ...... 6 6. Please provide a discussion of the Proposer’s marketing strategy and distribution capabilities for a fixed rate financing, including number of offices, retail sales professionals, and institutional sales professionals. Breakout Florida based professionals. (limit to 2 pages)...... 7 7. Please provide at least three (3) clients who may be contacted as a reference with respect to the firm’s work performance as Underwriter. For each reference, include the contact person’s name, title, address, phone number, and e-mail...... 9 8. Provide the names of three law firms and the attorney that may be retained as underwriter’s counsel should your firm be appointed a Senior Manager. The City’s Bond Counsel is Bryant Miller Olive...... 10 9. Please provide the firm’s Capital Position over the last 3 years in tabular format...... 11 10. Discuss and provide specific information concerning the in-house technical support, computer modeling and financing analysis capabilities (limit to 1 page) ...... 13 11. A description of any litigation or regulatory action filed against the Proposer since January 1, 2013, and the resolution thereof. Identify fully the extent to which your firm or individual partners or employees are the subject of any ongoing municipal securities investigation, litigation, arbitration or subject to a subpoena in connection with such investigation, litigation, or arbitration...... 14 12. Any additional information you feel will be helpful to the City in evaluating your qualifications to serve as Underwriter...... 16
Appendices A. Team Member Resumes B. Senior Managed and Co-Managed Deal List C. Florida Capital Improvement Deal List D. Florida Water and Sewer Deal List E. Responses to Terms & Conditions F. Required Forms a. Exhibit A – Statement on Public Entity Crimes b. Exhibit B – Drug-Free Workplace Form
Table of Contents
This document and any other materials accompanying this document (collectively, the “Materials”) are provided for general informational purposes only. By accepting any Materials, the recipient acknowledges and agrees to the matters set forth below.
Wells Fargo Securities (“WFS”) is providing these Materials to you for discussion purposes only in anticipation of serving as an underwriter or placement agent (collectively referred to herein as “underwriter”) to you. In our capacity as underwriter or placement agent, our primary role would be to purchase securities from you (or the issuer in the case of a conduit transaction) for resale to investors, or arrange for the placement of securities with investors on your behalf, in an arm’s length commercial transaction between you and WFS in which WFS would be acting solely as a principal or agent, as applicable. (Please be advised the term “placement agent” does not imply any agency or fiduciary relationship).
WFS is acting for its own interest and has financial and other interests that differ from yours. WFS is not acting as a municipal advisor or financial advisor, and has no fiduciary duty, to you or any other person pursuant to Section 15B of the Securities Exchange Act of 1934. The information in the Materials is not intended to be and should not be construed as “advice” within the meaning of Section 15B of the Securities Exchange Act of 1934. WFS is not expressing an opinion or providing any advice or recommendation about whether or not you should enter into any swap transaction in this presentation nor in any conversation between you and WFS with respect to the materials addressed in this presentation. WFS will not have any duties or liability to any person or entity in connection with the information being provided in the Materials. You should consult with your own financial and/or municipal, legal, accounting, tax, and other advisors, as applicable, to the extent you deem appropriate. If you would like a municipal advisor that has legal fiduciary duties to you, you are certainly free to engage a municipal advisor to serve in that capacity. Furthermore, please be advised that the information contained in the Materials does not constitute accounting or legal advice.
Transactions referenced in the Materials which are attributed to Wells Fargo or to WFS may include transactions executed by a Wachovia Corporation or Wells Fargo & Company (“WFC”) broker/dealer affiliate or by other municipal securities dealers and/or broker/dealers which were acquired by Wachovia Corporation or WFC.
Municipal underwriting and remarketing rankings referenced herein represent combined totals for Wells Fargo Bank, N.A. Municipal Products Group (“WFBNA MPG”) and Wells Fargo Securities, LLC (“WFSLLC”). Municipal commercial paper rankings referenced herein represent totals for WFSLLC . Source information for any ranking information not otherwise provided herein is available on request.]
WFS distributes municipal securities to institutional investors primarily through WFBNA MPG and Wells Fargo Securities, LLC (“WFSLLC”). Distribution to middle market clients is provided primarily through WFSLLC. Retail distribution is primarily provided by Wells Fargo Advisors, which is the trade name used by Wells Fargo Advisors, LLC (“WFA”) and Wells Fargo Advisors Financial Network, LLC (“WFAFN”), two non-bank separate registered broker-dealers (members FINRA and SIPC). WFSLLC, WFBNA MPG, WFA, and WFAFN are affiliates and are each wholly owned subsidiaries of WFC.
In the event that the Materials include information related to a bank-purchased bond transaction (“Direct Purchase”), please be advised that Direct Purchase is a product offering of Wells Fargo Bank, N.A. (“WFBNA”) or a subsidiary thereof (“Purchaser”) as purchaser / investor. WFS will not participate in any manner in any Direct Purchase transaction between you and Purchaser, and Wells Fargo employees involved with a Direct Purchase transaction are not acting on behalf of or as representatives of WFS. The information contained herein regarding Purchaser’s Direct Purchase is being provided to you by WFS only for purposes of providing you, pursuant to your RFP, financing alternatives that may be available to you from Wells Fargo & Company and its affiliates. Information contained in this document regarding Direct Purchase is for discussion purposes only in anticipation of engaging in arm’s length commercial transactions with you in which Purchaser would be acting solely as a principal to purchase securities from you or a conduit issuer, and not as a municipal advisor, financial advisor or fiduciary to you or any other person or entity regardless of whether Purchaser, or an affiliate has or is currently acting as such on a separate transaction. Additionally, Purchaser has financial and other interests that differ from your interests. Purchaser’s sole role with respect to the Direct Purchase would be to purchase securities from you (or the issuer in the case of a conduit transaction). Any information relating to a Direct Purchase transaction is being provided to you pursuant to and in reliance on the “bank exemption” under the municipal advisor rules (“Muni Advisor Rules”) of the Securities and Exchange Commission (“SEC”) or the SEC’s guidance in its Registration of Municipal Advisors Frequently Asked Questions and Answers dated May 19, 2014 and the general information exclusion to advice under the Muni Advisor Rules.
In the event that the information contained herein includes savings threshold levels, please be advised that WFS is not recommending nor providing advice regarding which maturities should be refunded by you.
The party responding to this RFP is Wells Fargo Bank, National Association Municipal Products Group. Wells Fargo Securities (“WFS”) is the trade name for certain securities-related capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, National Association, acting through its Municipal Products Group. Commercial banking products and services are provided by WFBNA. Investment banking and capital markets products and services provided by WFS, are not a condition to any banking product or service. Municipal derivatives services are provided by Wells Fargo Bank, N.A., a swap dealer registered with the CFTC and member of the NFA.
Responses to all questions, certifications, attestations, information requests, and similar in the RFP to which this response relates are specifically limited to, in context of, and as applied to, WFBNA MPG in its capacity as a separately identifiable department of a national bank that is registered as a municipal securities dealer with the Securities and Exchange Commission, Office of the Comptroller of the
Important Disclosures
Currency, and Municipal Securities Rulemaking Board; and not on behalf of Wells Fargo Bank, N.A., unless specified otherwise in our response.
The SEC exempts from the definition of municipal advisor “any person providing a response in writing or orally to a request for proposals or qualifications from a municipal entity or obligated person for services in connection with a municipal financial product or the issuance of municipal securities; provided however, that such person does not receive separate direct or indirect compensation for advice provided as part of such response.” In submitting this proposal, we have relied upon the RFP exemption provided by the Rules, and on your conduct of this RFP through a competitive process.
See additional important disclosures at the end of this document.
Proposal to Serve as Senior Managing Underwriter
1. General information about the Proposer, including a brief history of the firm, and the number and location of sales professionals (limit to 2 pages).
OVERVIEW OF WELLS FARGO Wells Fargo & Company (the “Company”) was founded in New York in 1852 by Henry Wells and William Fargo to provide banking and express delivery services west of the Mississippi River. The Company rapidly grew throughout the West and by 1918 Wells Fargo & Company’s express and monetary services linked 10,000 locations across the country. The Company is currently led by a 14 member board of directors, including Chairman, President, and CEO John Stumpf, and is organized under the laws of Delaware with its principal office in San Francisco, California. The stock is publicly traded on the New York Stock Exchange under the symbol WFC. Today, Wells Fargo & Company serves one in three U.S. households, operates in 36 countries, serves 70 million customers globally, and employs approximately 269,000 team members worldwide. The Company is the #1 small business lender, the #1 retail mortgage lender, and for the 7th consecutive year, Wells Fargo & Company had the #1 national workplace employee giving campaign (Source: United Way Worldwide). Wells Fargo Securities (“Wells Fargo” or “WFS”) is the trade name for certain capital markets and investment banking services of the Company and its subsidiaries, including Wells Fargo Bank, National Association (“WFBNA”). WFBNA is headquartered in Sioux Falls, South Dakota and the earliest predecessor of the bank was originally chartered as a national bank in June 1863. WFBNA is a national banking association organized under federal law and governed by the Office of the Comptroller of the Currency (“OCC”). WFBNA’s senior management is located in San Francisco, California; WFBNA’s Public Finance department management is located in New York, New York, and management for the Sales and Trading Syndicate is located in Charlotte, North Carolina. With strong ratings and significant market capitalization, Wells Fargo is able to and consistently does support the financing needs of our municipal clients, both through capital markets underwriting and with direct funding solutions. WFBNA is currently rated Aa1 by Moody’s, AA- by S&P, and AA by Fitch: these are among the highest ratings assigned to any bank in the country. As of July 29, 2016, the Company ranks 1st in market capitalization among major banks. Our strong and historically stable ratings and exceptional capital position have made us a powerful underwriter and a prominent credit provider for municipal issuers across the country. In the current market environment, it will be critical for the City to engage strong and stable financial institutions. Wells Fargo exhibits such qualities, and is a leader among its peers.
Bank Market Capitalization* Bank Credit Ratings*
300 Moody’s S&P Fitch
LT ST Outlook LT ST Outlook LT ST Outlook 250 Wells Fargo Bank Aa1 P-1 Stable AA- A-1+ Stable AA F1+ Stable 243 233 200 JPMorgan Chase Bank Aa2 P-1 Stable A+ A-1 Stable AA- F1+ Stable
150 Barclays Bank A1 P-1 Stable A- A-2 Stable A F1 Stable
($ Billions) 146 Goldman Sachs Grp A3** P-2** Stable BBB+ A-2 Stable A F1 Stable 100 126
Citibank A1 P-1 Stable A A-1 Positive A+ F1 Stable 50 69 55 Morgan Stanley Bank Aa3 P-1 Stable A A-1 Positive A+ F1 Stable 34 0 Wells Fargo JPMorgan Bank of Citigroup Goldman Morgan Barclays PLC Bank of America A1 P-1 Stable A A-1 Positive A+ F1 Stable & Co. Chase & Co. America Inc. Sachs Group Stanley Corp. *Sources: Market Capitalizations from Bloomberg as of July 29, 2016. Ratings from Moody’s, Standard & Poor’s, and Fitch as of January 29, 2016. Rating for bank subsidiary unless specified otherwise. Moody’s LT rating reflects “Long Term Counterparty Risk Assessment,” Moody’s ST reflects “Short Term Counterparty Risk Assessment,” **Represents Moody’s “LT and ST Issuer Rating” when “Counterparty Risk Assessment” is unavailable. S&P LT reflects “LT Local Issuer Currency Credit,” S&P ST reflects “ST Local Issuer Currency Credit.” Fitch LT reflects “LT Issuer Default Rating,” Fitch ST reflects “ST Issuer Default Rating.”
City of Ocoee, Florida Page 1
Proposal to Serve as Senior Managing Underwriter
PUBLIC FINANCE Wells Fargo’s public finance practice, also known as the Municipal Products Group or WFBNA MPG, operates within Wells Fargo’s Governmental and Institutional Banking group. Available records indicate that WFBNA MPG (or a predecessor bank that subsequently merged into WFBNA) was registered as a municipal securities dealer dating back to 1966. From 18 offices nationwide, WFBNA MPG provides a full range of capital markets products, including banking and origination; underwriting; credit analysis; sales and trading; derivative and reinvestment solutions; and infrastructure/P3 advisory. Wells Fargo’s commitment to serving municipal issuers across the nation is demonstrated through the strategic building of its public finance practice. In an effort to offer municipal clients a higher level of service and expertise, Wells Fargo has continuously sought to broaden the services and products offered to municipal issuers. Nationally, Wells Fargo has increased its Municipal Products Group staff from 153 team members in 2009 to 203 team members today. These professionals are dedicated to public finance, trading, underwriting, institutional sales, risk management, and analytics. The investment banking services for the City will be provided by the Southeast Group, working out of our Clearwater, Florida office. Wells Fargo has several regional groups that provide investment banking services throughout the United States, including the Southeast, Northeast, and West groups, as well as specialty groups that focus on particular areas of expertise, including Municipal Credit Strategies and Quantitative Structuring, as well as particular credits such as Transportation, Higher Education, and Healthcare. These groups collaborate when appropriate to provide financing expertise tailored to an issuer’s geographic area and specific credit.
MUNICIPAL UNDERWRITING Wells Fargo’s will underwrite the City’s Bonds from our municipal underwriting desk in Charlotte, North Carolina. As one of the most active municipal bond underwriters in the country, Wells Fargo’s underwriting personnel have substantial experience working with financial institutions and investors. Our underwriters, salespeople, and traders are in constant contact with the financial institutions and investors that are active in the municipal bond market. The ongoing communication with these investors and financial institutions enables us to stay informed and up-to-date on the municipal bond market and investors’ changing demands. We would be pleased to put this experience to work for the City. Wells Fargo expects the sale of the City’s Bonds to draw significant interest from investors, and we will deploy our tier-one, middle market, and retail sales forces to reach investors in each investor segment and across all pricing points on the yield curve. Wells Fargo will work with the City and its financial advisor to develop an appropriate marketing plan to meet the challenges and take advantage of all opportunities presented by the market at the time of issuance.
DISTRIBUTION NETWORK SUMMARY Institutional Sales Middle Market Sales* Retail Sales**
. 15 municipal sales professionals . Approximately 200 sales . 3rd largest brokerage in the U.S. . 4 offices (New York, Charlotte, San professionals . Approximately 15,000 licensed Francisco, Philadelphia) . 16 offices throughout the country retail brokers . 250 Tier 1 accounts . Extensive network covering 6,400+ . 5,000+ locations nationwide . 200 high-grade institutional sales “Tier 2” and “Tier 3” investors . 1,078 licensed Financial Advisors professionals (for taxable issues) in Florida . $1.4 trillion in client assets *Provided by Wells Fargo Securities, LLC **Data is a combination of Wells Fargo Advisors, LLC; Wells Fargo Advisors Financial Network; LLC and First Clearing, LLC.
Wells Fargo’s public finance and municipal underwriting operations are backed by the financial strength of both Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A., as detailed in Question 9 of this response.
City of Ocoee, Florida Page 2
Proposal to Serve as Senior Managing Underwriter
2. Provide the names and roles of the public finance professionals you would expect to assist the City in the proposed debt financings and what office(s) from which the work will be performed, and indicating who will be the primary day-to-day contact for the engagement and their experience and availability. Resumes for your team members can be included as an appendix. (limit to 1 page excluding resumes as appendix)
Wells Fargo has organized a team of seasoned professionals to benefit the City’s financing. Key strengths of the team include: (1) lead banker with Florida financing expertise; (2) growing market share as an underwriter of Florida credits; (3) experience structuring Florida transactions; (4) investor relations expertise; (5) experienced quantitative and support staff with knowledge of the City’s financing and structuring needs; and (6) strong national distribution platform with significant Florida presence. Michael Olliff, Vice President, will lead Wells Fargo’s team. Mr. Olliff has over 19 years of experience in the municipal market and has served as Senior/Sole Manager for Florida governments on a combined total of over $2 billion in financings during his career. Mr. Olliff will work closely with the proposed team to ensure that the City has the full resources of Wells Fargo at its disposal in order to complete a successful financing. Mr. Olliff will be supported by members of Wells Fargo’s public finance; municipal sales and trading; and commercial banking teams. Mr. Olliff works from the firm’s Clearwater, Florida office. Walker McQuage, Managing Director, will serve as Wells Fargo’s lead underwriter on the City’s bond offering. Mr. McQuage is a 20-year veteran of the municipal industry and coordinates the marketing, distribution, and underwriting for all of Wells Fargo’s fixed rate municipal transactions. Since 2014, Mr. McQuage has supervised the underwriting of 764 senior managed issues with an aggregate par totaling more than $93.1 billion nationally, including 31 issues with an aggregate par of approximately $5.4 billion in Florida.6 Mr. McQuage works from the firm’s Charlotte and New York underwriting desks. Mr. Olliff will be directly supported by Molly Clark, Vice President, Glenn Gough, Vice President, and Charlie Yadon, Associate, all located in Wells Fargo’s Clearwater, Florida public finance office. Additional analytical support will be provided by Scott Goldstein, Director, from the Quantitative Structuring group located in Denver, Colorado. Amanda Pogue, Vice President, will provide additional underwriting support to Mr. McQuage. Institutional sales will be directed by Kit Wood, Managing Director. Nancy Feldman, Managing Director, heads Wells Fargo’s Municipal Credit Strategies Group and will provide personalized credit strategies to assist the City in developing solutions to its financing needs. Ms. Feldman provides rating agency strategy advice, bond structuring advice, and investor support during the marketing period for new bond issues. Don Lipkin, Managing Director, will serve as the desk credit analyst, with primary responsibilities including preparing credit and market analytical reports for institutional trading and investors and clarifying and providing more in-depth information on the City’s disclosure documents. Public finance team members will be engaged on the City’s financing from day one through closing, and will be available as often as needed to support the City and see its financing through to a successful close. We have assigned several experienced team members to support the City, and we believe this team’s depth of experience with a wide range of issuers and credit structures will provide real benefit to the City as we work to identify appropriate and efficient structures for the upcoming financing. In general, members of the underwriting and sales teams will attend meetings by conference call, and sales & trading personnel will become increasingly involved in the City’s financing as the issue approaches its marketing period and sale date. Brief resumes for the complete working group are provided in Appendix A.
6 Source: Thomson Reuters SDC Data. Represents combined competitive and negotiated municipal new issues underwritten from 1/1/2014 through 7/31/2016 by Wells Fargo.
City of Ocoee, Florida Page 3
Proposal to Serve as Senior Managing Underwriter
3. Provide a summary table (shown below) and a chronological listing of the firm’s Senior Managed, and Co- Managed underwriting experience both nationally and within the State of Florida since 2013. The summary table should include the following, and also specifically identify the source of the information included within the tables:
Chronological lists of both Wells Fargo’s senior managed and co-managed fixed rate deals are provided in Appendix B. Data is sourced from Thomson Reuters SDC Platinum.
Senior Managed Fixed Rate Underwriting Experience
Nationally Florida Calendar Year # of issues $ amt. # of issues $ amt. 2013 244 28,972,344,000 18 1,298,885,000 2014 252 36,238,708,000 11 1,408,491,000 2015 320 30,920,939,000 14 1,610,605,000 YTD 2016 206 25,572,775,000 10 2,599,755,000 TOTAL 1,022 121,704,766,000 53 6,917,736,000
Co-Managed Fixed Rate Underwriting Experience
Nationally Florida Calendar Year # of issues $ amt. # of issues $ amt. 2013 315 76,848,583,000 18 4,125,345,000 2014 306 56,493,052,000 16 2,115,650,000 2015 389 70,314,261,000 32 3,208,850,000 YTD 2016 267 48,989,761,000 10 1,052,455,000 TOTAL 1,277 252,645,657,000 76 10,502,300,000
City of Ocoee, Florida Page 4
Proposal to Serve as Senior Managing Underwriter
4. Provide a summary table (shown below) and a chronological listing of the firm’s Senior Managed, and Co- Managed capital improvement revenue bond underwriting experience for Florida since 2013. The summary table should include the following, and also specifically identify the source of the information included within the tables:
The chronological list Wells Fargo’s fixed rate Florida Capital Improvement deals is provided in Appendix C. Data is sourced from Thomson Reuters SDC Platinum.
Florida Capital Improvement Revenue Bond Fixed Rate
Underwriting Experience
Senior Co-Managed Calendar Year # of issues $ amt. # of issues $ amt. 2013 1 79,640,000 - - 2014 2 84,925,000 1 85,010,000 2015 - - 5 392,570,000 YTD 2016 1 38,260,000 - - TOTAL 4 202,825,000 6 477,580,000
City of Ocoee, Florida Page 5
Proposal to Serve as Senior Managing Underwriter
5. Provide a summary table (shown below) and a chronological listing of the firm’s Senior Managed, and Co- Managed underwriting water and sewer revenue bonds experience Florida since 2013. The summary table should include the following, and also specifically identify the source of the information included within the tables:
The chronological list Wells Fargo’s fixed rate Florida Water and Sewer deals is provided in Appendix D. Data is sourced from Thomson Reuters SDC Platinum.
Florida Water and Sewer Underwriting Experience
Senior Co-Managed Calendar Year # of issues $ amt. # of issues $ amt. 2013 7 112,000,000 3 696,300,000 2014 1 20,625,000 1 300,200,000 2015 2 41,315,000 4 401,510,000 YTD 2016 2 296,830,000 3 184,760,000 TOTAL 12 470,770,000 11 1,582,770,000
City of Ocoee, Florida Page 6
Proposal to Serve as Senior Managing Underwriter
6. Please provide a discussion of the Proposer’s marketing strategy and distribution capabilities for a fixed rate financing, including number of offices, retail sales professionals, and institutional sales professionals. Breakout Florida based professionals. (limit to 2 pages)
MARKETING PLAN Wells Fargo Securities maintains a marketing staff whose focus is to coordinate and expand the sale of municipal securities through our multi-channel distribution system. With the help of these internal marketing resources, and our syndicate desk, we have developed a comprehensive plan to reach as many potential investors as possible. Wells Fargo’s pre-marketing efforts will include: • Monitor the Primary Markets for Competing Transactions and Economic Calendar for Important Market Reports. While Wells Fargo recognizes that it is difficult to ascertain the timing of competing offerings when the calendar for an offering is initially established, the financing team may wish to modify, to the extent possible, the sale date of the planned refunding to avoid pricing when other comparable offerings are in the market. If a particular day or week can be found where the primary calendar is lighter, investors may pay more attention to the offering, and the pricing and distribution of the bonds may benefit. We also suggest trying to avoid pricing immediately before or after major economic data releases and Fed meetings. We may suggest last-minute adjustments to the pricing schedule, based on our assessment of market conditions and investor sentiment; for example, we have suggested an accelerated institutional pricing to take advantage of a very favorable market. • Timely Release of Information. In the current market environment, the City will benefit from as much pre- marketing as possible to fully educate investors about the strengths of the credit and particulars of security features. We recommend that the City release the Preliminary Official Statement (POS) one week or more in advance of pricing. We will utilize the expertise and relationships of our sales forces and of our credit team to ensure that the City’s marketing materials are received and that any questions are addressed. • Internet Roadshow. An internet roadshow could provide the City an excellent opportunity to introduce the proposed financing to investors. Wells Fargo typically uses the MuniOS or NetRoadshow platforms, which offer the options of a pre-recorded presentation or a live internet presentation allowing for an open question and answer session with investors. A pre-recorded presentation would be released in conjunction with the POS with replay access available through pricing to aid in the marketing process. In either case, Wells Fargo will provide the City with a detailed list of participants. • Internal Dissemination of Marketing Materials. As soon as they are made available, Wells Fargo will disseminate the POS and ratings agency reports internally to our sales force with a sales point memorandum, which provides a detailed summary of the transaction. • Identify Couponing and Other Structural Considerations. While market conditions will ultimately drive the structure, Wells Fargo would work to offer certain maturities with “retail‐friendly” pricing, including bifurcating maturities to achieve more diverse participation. Further, Wells Fargo has recently priced a number of transactions where we were able to incorporate term bonds with sinking fund schedules aligned to retail investor demand which was beneficial in decreasing the issuer’s cost of funds. • Internal “Teach-In” Calls. Wells Fargo will hold internal “teach-in” conference calls to promote the upcoming bond issue within our retail and institutional distribution networks. • One-on-One Calls or Individual Meetings. Wells Fargo can assist the City in scheduling one-on-one calls or in-person meetings with institutional investors to answer any additional questions regarding the transaction. • Local Advertising. In order to assist in generating strong retail interest, the City may consider local print or radio advertisements as to ensure retail investors are aware of the sale. • Syndicate Conference Calls. As senior manager, Wells Fargo will maintain clear communication with the underwriting syndicate. A few days prior to the sale, Wells Fargo will conduct a syndicate conference call to ensure all of the managers are coordinated and motivated to actively participate in the sale. Wells Fargo will also host a pre-pricing call with the syndicate one day prior to sale to make certain that all of the underwriters
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Proposal to Serve as Senior Managing Underwriter
are fully prepared and on board with the pricing to occur the following day. Based on market conditions, we will discuss various options with the City for allocating liability among the managers, and priority of orders. We have successfully deployed the marketing approach described above on many occasions for issuers in Florida and throughout the nation. We would be pleased to put our experience to work for the City on its upcoming issue. WELLS FARGO SECURITIES’ COMPREHENSIVE DISTRIBUTION NETWORK Wells Fargo’s distribution network is described in detail below. We will rely on our vast distribution network to execute the market plan described above. Municipal Institutional Sales (Tier 1 Investors). Wells Fargo is a Top 3 trading counterparty with many of the most influential institutional investors. Our long-standing relationships with Tier 1 investors gives Wells Fargo a competitive advantage in price discovery and delivering aggressive pricing on new issues. WFS’ municipal institutional sales force is comprised of 15 sales professionals located in New York, Charlotte, San Francisco, and Philadelphia. This sales team distributes municipal products in the primary and secondary markets, serving the investment and risk management needs of the top 250 institutional investors nationwide. These investors include money managers, insurance companies, bank portfolios, hedge funds and pension funds. Wells Fargo has earned credibility with institutional investors over the last few years as being an active market maker and liquidity provider for investors in the most volatile markets when liquidity is scarce. Middle Market Sales. One of Wells Fargo’s competitive advantages is its ability to reach middle market investors. Wells Fargo’s middle market distribution network allows us to deliver new (and typically less price- sensitive) investors to a transaction. By bringing in new investors, we can increase the number of orders to stimulate competition among investors which often lowers the interest cost to the issuer. Also known as Tier 2 and Tier 3 institutional investors, “middle market” investors are smaller institutions, including state and local community banks, asset managers, regional depositories, corporate trust departments, municipalities, corporations, and local insurance companies. Most national dealers do not focus on or have access to this investor base. While Wells Fargo is a top Tier 1 institutional investor counterparty as described above, Wells Fargo is also one of a few dealers that have relationships with this important but little-known middle-market audience. Many of these accounts are long-standing, legacy relationships, developed and grown over the years with regional firms which were later acquired by Wells Fargo. Many of these relationships are considered exclusive to Wells Fargo. Wells Fargo’s banking relationships with these enterprises have enhanced our access to middle market clients. Retail Brokerage and Sales. Wells Fargo’s retail distribution is conducted through our affiliate Wells Fargo Advisors7 (“WFA”), which is the 3rd largest retail brokerage network in the country.8 Retail is one of the least price-sensitive investor segments, which puts pressure on both Tier 1 institutional investors and middle market investors. WFA’s national retail platform employs over 15,000 financial advisors including 1,078 financial advisors in Florida, working from 81 dedicated brokerage offices and hundreds of bank branches throughout the State. We are not expecting substantial “mom and pop” participation in the City’s upcoming issue, based on the current market’s very low nominal yields. We will, however, recommend giving retail priority in the order period to assure that any retail buyers who wish to purchase the City’s bonds have their orders filled. When retail investors are ready to return more actively to the municipal market, Wells Fargo large retail brokerage network will provide a large base of potential retail buyers’ to our issuer clients’ transactions.
7 Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates and wholly owned subsidiaries of Wells Fargo & Company: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC (members SIPC). 8 Peer group analysis based on number of financial advisors as disclosed in company reports, as of December 31, 2014. WFA statistical information is as of December 31, 2014 and is a combination of Wells Fargo Advisors, LLC; Wells Fargo Advisors Financial Network; LLC and First Clearing, LLC. First Clearing, LLC is a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.
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Proposal to Serve as Senior Managing Underwriter
7. Please provide at least three (3) clients who may be contacted as a reference with respect to the firm’s work performance as Underwriter. For each reference, include the contact person’s name, title, address, phone number, and e-mail.
References for Wells Fargo are provided below.
121 Southwest Port St. Lucie Boulevard Ed Fry Port St. Lucie, Florida 34984 Finance Director/Treasurer (772) 871-5191 City of Port St. Lucie, Florida [email protected]
10100 Pines Boulevard Lisa Chong Pembroke Pines, Florida 33026 Finance Director (954) 450-1090 City of Pembroke Pines, Florida [email protected]
445 West Amelia Street Steve Compton Orlando, Florida 32801 Senior Administrator (407) 317-3200 x2880 School District of Orange County, Florida [email protected]
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Proposal to Serve as Senior Managing Underwriter
8. Provide the names of three law firms and the attorney that may be retained as underwriter’s counsel should your firm be appointed a Senior Manager. The City’s Bond Counsel is Bryant Miller Olive.
Law firms and the attorneys that may be retained as underwriter’s counsel should Wells Fargo be appointed Senior Manager are listed below.
2115 Harden Boulevard Michael Wiener, Esq. Lakeland, Florida 33803 Holland & Knight (863) 499-5362 [email protected]
2502 Rocky Point Drive, Suite 1060 Steve Miller, Esq. Tampa, Florida 33607 Nabors, Giblin & Nickerson, P.A. (813) 281-2222
390 North Orange Avenue, Suite 1400 Joseph Stanton, Esq. Orlando, Florida 32801 Broad & Cassel (407) 839-4200
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Proposal to Serve as Senior Managing Underwriter
9. Please provide the firm’s Capital Position over the last 3 years in tabular format.
Wells Fargo Bank, National Association While a number of firms have a large capital base, it is Capital Position (2nd Quarter 2016) most important that such firms evidence their ability to deploy capital in the municipal market on behalf of their Total Equity Capital $158,461,000,000 clients. WFBNA has demonstrated its ability to commit Total Risk-based Capital $143,686,000,000 capital in support of our municipal clients by, as a Tier One Capital $130,700,000,000 national bank conducting municipal securities Source: Wells Fargo Bank, N.A. Call Report underwriting, directly underwriting unsold balances on negotiated primary market issues; actively bidding for Wells Fargo Bank, National Association competitive issues; supporting the secondary markets Capital Position (2nd Quarter 2015) with an average daily inventory of municipal securities Total Equity Capital $147,568,000,000 in 2016 of approximately over $1.1 billion; and, as a Total Risk-based Capital $136,742,000,000 commercial bank, providing credit enhancement, Tier One Capital $122,876,000,000 liquidity support, and direct purchase credit to Source: Wells Fargo Bank, N.A. Call Report municipal issuers. Wells Fargo Bank, National Association Capital Position (2nd Quarter 2014) As a national bank conducting municipal securities underwriting and dealing activities, WFBNA MPG, a Total Equity Capital $141,539,000,000 “separately identifiable department” of WFBNA, is Total Risk-based Capital $128,883,000,000 Tier One Capital $116,136,000,000 registered with the SEC as a “municipal securities dealer” pursuant to Rule 15Ba2-1 of the Securities Source: Wells Fargo Bank, N.A. Call Report Exchange Act of 1934. As such, WFBNA is not subject to the SEC’s net capital rules that apply to broker-dealers. WFBNA is, however, subject to capital regulations prescribed by the Office of the Comptroller of the Currency (“OCC”), which is the regulatory authority for national banks. On a quarterly basis, WFBNA is required to file with the OCC a “Consolidated Reports of Condition and Income for A Bank with Domestic and Foreign Offices” (commonly referred to as a “Call Report”), which contains various financial information about WFBNA (including regulatory capital on Schedule RC-R). These reports are publicly available from the Federal Financial Institutions Examination Council’s web site. As of March 31, 2016, WFBNA reported on its Call Report total equity capital of over $154 billion, total risk- based capital of over $140 billion, and Tier 1 capital of over $127 billion; with Tier 1 and total risk-based capital ratios of 10.45% and 12.36%, respectively. These capital ratios are in excess of the 6% and 10% levels, respectively, established by the OCC to be deemed a “well capitalized” bank. As a national bank, WFBNA’s authority and limitations for underwriting municipal securities are established by Title 12 of the Code of Federal Regulations, Part 1 (“12 CFR 1”). Municipal securities are classified in 12 CFR 1 as “Type I” securities for “well capitalized” banks. 12 CFR 1 states that “the amount of Type I securities that a [national] bank may deal in, underwrite, purchase, and sell is not limited to a specified percentage of the bank’s capital and surplus”. Since WFBNA currently meets the definition of a “well capitalized” bank under the OCC’s capital regulations, WFBNA is authorized under 12 CFR 1 to underwrite municipal securities without any regulatory-defined capital constraint. WFBNA does not have, nor does it require, any committed or standby lines of credit or other forms of financing from other financial institutions to support its ability to underwrite municipal securities. WFBNA’s only constraint as to the par value of municipal securities it underwrites is its own internal credit decision process.
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Under the SEC’s Uniform Net Capital Rule, for every municipal security maturing in more than 20 years that a broker/dealer takes into its inventory, the broker/dealer must maintain 7% of the market value of that security in available capital (lower percentages apply for shorter maturities). Under this formula, a broker/dealer underwriting a $100,000,000 municipal bond issue having the same market value would have to allocate at most $7,000,000 in capital if it were to take the entire issue into its inventory. Even though WFBNA is not subject to the SEC’s Uniform Net Capital Rule, and given that as previously noted WFBNA is not subject to any other regulatory-defined capital constraint in underwriting municipal securities, solely for illustrative and comparative purposes WFBNA’s current capital levels exceed any capital commitment that would currently be applied to a broker/dealer for municipal securities under SEC rules. To further demonstrate WFBNA’s capital strength, in our response to Question 12, below, we have provided a list of competitive and negotiated underwritings which Wells Fargo Securities/WFBNA MPG has recently supported with its strong capital base.
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10. Discuss and provide specific information concerning the in-house technical support, computer modeling and financing analysis capabilities (limit to 1 page)
QUANTITATIVE STRUCTURING GROUP Wells Fargo’s public finance group is unique in that its quantitative efforts are directed by a single, centralized group of highly experienced technical bankers. The Quantitative Structuring Group is composed of six senior-level professionals with over 140 years of combined experience at more than 18 Wall Street firms. The group has impressive experience crafting aggressive allocations, minimizing transferred proceeds, exploiting yield blending, and employing various other advanced technical analyses. The group’s combined depth and knowledge are unparalleled in the industry and have garnered consistent accolades from clients, financial advisors, attorneys, and other professionals. The Quantitative Structuring Group’s primary responsibility is to conduct or supervise all financial analysis and modeling for our municipal clients. Members of the group have significant experience working on all types of financings and have structured some of the most complex transactions executed. Mr. Scott Goldstein, Director, will support the City on behalf of Wells Fargo’s Quantitative Structuring Group. Wells Fargo primarily uses DBC Finance to size and structure debt issues for our municipal clients. DBC Finance, which is an industry standard and DBC®'s flagship program, is a general bond structuring tool that performs all debt service calculations, bond solutions, issue sizing, and refunding analyses. DBC Finance enables us to model complex financial structures, including advance refundings, escrow structurings, and multi-project financings. Other software and systems used in our bond structuring efforts include What’s Best, FinCAD, Intuitive Analytics, and other proprietary trading systems, including Excel based models. The Quantitative Structuring Group conducts one of the most comprehensive quantitative training programs in the industry for analysts and associates, called Quantitative School. The program consists of multiple three-day training sessions over a several-week period and is designed to equip participants with a broad array of analytical skills and techniques to add to the overall knowledge and sophistication of our public finance teams. Considerable time is also devoted to key legal and tax issues of muni bond transactions.
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11. A description of any litigation or regulatory action filed against the Proposer since January 1, 2013, and the resolution thereof. Identify fully the extent to which your firm or individual partners or employees are the subject of any ongoing municipal securities investigation, litigation, arbitration or subject to a subpoena in connection with such investigation, litigation, or arbitration.
Wells Fargo Bank N.A. ("WFBNA") is a subsidiary of Wells Fargo & Company (“WFC”), a corporation organized under the laws of Delaware. WFC’s principal office is located in San Francisco, California. On December 31, 2008, WFC acquired the former Wachovia Corporation and its subsidiaries, including a predecessor firm, Wachovia Bank, N.A (“WBNA”). On March 20, 2010, WBNA merged into WFBNA.
As with any large diversified financial services company of its size in the highly-regulated banking and securities field, Wells Fargo Bank, N.A. and Wells Fargo & Company are subject to receiving inquiries and subpoenas from regulators and law enforcement from time to time, as well as being subject to civil litigation. Wells Fargo responds regularly to inquiries and investigations by governmental entities and, as a highly regulated diversified financial institution has in the past entered into settlements of some of those investigations, including those specified below. None have resulted in any material restrictions on Wells Fargo’s ability to operate its businesses, and none are or have been material to the operation of the businesses.
During the first quarter of 2010, WBNA entered into agreements with the U.S. Department of Justice and banking regulators concerning WBNA’s Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance program between 2004 and 2007. See the press release dated March 17, 2010 at https://www.wellsfargo.com/press/2010/20100317_Wachovia. The deferred prosecution agreement discussed in the press release was dismissed in 2011.
During the fourth quarter of 2011, WFBNA entered into a settlement with various regulators regarding municipal derivatives contracts. Please see the Legal Actions section of WFC’s 2011 Annual Report for additional information regarding the municipal derivatives bid practices settlement with the Office of the Comptroller of the Currency, Securities and Exchange Commission, the U.S. Internal Revenue Service, U.S. Department of Justice and a group of state Attorneys General. See press release dated December 8, 2011 at https://www.wellsfargo.com/press/2011/20111208_WFReachesSettlement.
Wells Fargo Bank, N.A. has paid municipal fines in connection with a small number of houses for alleged violations of local housing ordinances, some of which are characterized as misdemeanors.
Wells Fargo Bank, NA Municipal Products Group (“WFBNA MPG”), the party responding to this RFP, is a separately identifiable department of WFBNA and is registered with the Securities and Exchange Commission as a municipal securities dealer, authorized to provide underwriting and investment banking services in connection with municipal securities. On February 2, 2016, WFBNA MPG entered into an agreement with the SEC resulting from a self-report submitted to the SEC by WFBNA MPG pursuant to the SEC’s Municipalities Continuing Disclosure Cooperation Initiative (“MCDC”)(see https://www.sec.gov/litigation/admin/2016/33- 10028.pdf).
Access to the Legal Proceedings sections of Wachovia Corporation’s 10-K dated February 28, 2008; and 10- Q’s dated October 30, 2008, August 11, 2008, and May 12, 2008 are available via the internet link below: http://www.sec.gov/cgi-bin/browse- edgar?action=getcompany&CIK=0000072971&type=10&dateb=20090101&owner=exclude&count=100
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Copies of the Legal Proceedings sections from Wells Fargo & Company recent public filings are available via the internet link below:
https://www.wellsfargo.com/invest_relations/filings
Wells Fargo & Company Annual Report Link: https://www.wellsfargo.com/invest_relations/annual
Furthermore, no member of the proposed deal team identified in this RFP has a reportable item on his or her U-4 securities agent registration regarding investigations during his or her tenure with WFBNA Municipal Product Group.
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12. Any additional information you feel will be helpful to the City in evaluating your qualifications to serve as Underwriter.
CAPITAL COMMITMENTS Wells Fargo has a proven track record of committing capital to support our clients’ transactions, and we stress our ability to put our capital foundation prudently at risk to ensure the success of senior managed bond issues. When combined with our expansive distribution network and experienced investment banking staff, Wells Fargo’s ability to commit capital can offer comprehensive support for bond transactions. Wells Fargo has an underwriting desk that truly underwrites, and our firm routinely supports municipal issuers by committing capital and inventorying bonds on both negotiated and competitive underwritings in order to help facilitate the completion of successful financings for our clients. Since 2013, WFS has underwritten approximately $10 billion of unsold balances from primary market municipal bond sales. Institutional investors maintain leverage when purchasing bonds from our competitors who cannot underwrite significant balances, and Wells Fargo distinguishes itself by being able to leverage its balance sheet and ensure that bonds are purchased at market interest rate levels. A number of factors enter into Wells Fargo’s decision to underwrite unsold bonds in a primary market offering, but most important is our belief in the price being offered investors when selling a new issue. Of course, prevailing market conditions at the time an issue is priced is a key factor in our decision to underwrite unsold balances, but more often than not, a belief in our municipal underwriting desk’s pricing Selection of WFS's Recent Florida Underwriting Commitments capabilities reflecting our connection with the Amount Issue % of Deal market overall will determine the amount of Underwritten Size Taken Date Issuer ($MM) ($MM) Down capital we will commit to underwrite unsold 4/26/2016 Miami-Dade County 330.000 339.375 97% bonds in the primary market. As such, we 2/3/2016 Florida Board of Education 75.965 116.720 65% frequently take risks on behalf of our 12/15/2015 City of Jacksonville 82.475 197.295 42% municipal clients and believe that issuers 5/6/2015 USF Financing Corp 11.160 77.015 14% 3/24/2015 South Broward Hosp 79.280 154.905 51% benefit from this approach with Wells Fargo 1/29/2015 State of Florida PEC O 150.070 233.825 64% serving as senior managing underwriter. REGULATORY EXPERTISE Wells Fargo’s Municipal Products Group maintains comprehensive policies and procedures designed to ensure compliance with all regulatory requirements. Our internal Regulatory Diligence Group (“RDG”) focuses on ensuring compliance with state and federal regulatory matters affecting the origination process including, but not limited to, issuer disclosure obligations and SEC Rule 15c2-12 compliance and continuing disclosure-related due diligence. A member of the RDG team is assigned to each transaction where Wells Fargo is an underwriter, and is an integral part of the transaction team. RDG will work with Mr. Olliff from Day 1 of the financing process, assisting in the review of documents to ensure appropriate disclosure and regulatory compliance. Wells Fargo was one of the first and remains one of the few underwriting firms to staff an entire department dedicated to supporting our banking team’s municipal due diligence and regulatory compliance. Issuers can rely on RDG’s expertise in continuing disclosure and other regulatory requirements, adding an important efficiency as well as a sense of certainty around these matters being thoroughly addressed and handled correctly.
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Appendix A
Team Member Resumes
RESUMES FOR KEY PERSONNEL Michael Olliff – Lead Investment Banker & Principal Contact Clearwater, Florida Vice President, Southeast Public Finance Responsibilities: Mr. Olliff will serve as lead banker and primary day-to-day contact for the City. He will participate in developing financing structures, consulting with rating agencies and credit enhancement providers, preparing bond and offering documents, and marshaling all of the resources necessary to complete a successful financing on behalf of the City. Qualifications: Mr. Olliff joined Wells Fargo through the merger with A.G. Edwards’ St. Petersburg Public Finance team and has 19 years’ experience within municipal finance and investment banking. He is responsible for Florida public school credits and many other local credits throughout the State. He has served as Wells Fargo’s lead banker on municipal debt transactions totaling approximately $5 billion, including $2 billion of senior managed transactions. He is also a Certified Public Accountant licensed in Alabama (currently inactive due to Florida residency). Education: B.A. in Accounting from Huntingdon College and Master of Accountancy from the University of Alabama. Securities Registrations: FINRA Series 7 and Series 63
Walker McQuage – Lead Underwriter Charlotte, North Carolina Managing Director, Head of Fixed Rate Underwriting Responsibilities: Mr. McQuage will serve as the lead underwriter and will coordinate the underwriting, marketing, and distribution activities for the City’s fixed rate bond offerings. He will work with Mr. Olliff on the development of structuring and marketing plans for the City’s bonds. Throughout the course of a deal, Mr. McQuage will provide pricing details and general updates regarding the municipal market and the impact of market movements on the City’s financings. Qualifications: Mr. McQuage is responsible for all fixed rate municipal underwriting commitments made by Wells Fargo’s institutional trading, sales, and underwriting operations while specializing in Southeastern credits. He will coordinate the underwriting, marketing, and distribution activities for the City’s fixed rate offerings. Throughout the course of financings, Mr. McQuage will provide pricing details and general updates regarding the municipal market and the impact of market movements on the City’s transactions. Mr. McQuage has over 20 years of underwriting experience with general obligation, revenue, taxable, and corporate municipals, as well as prior experience in the financial futures markets. Education: B.S. in Finance from the University of South Carolina Securities Registrations: FINRA Series 3, Series 7, Series 24, Series 53, and Series 63 registrations. RESUMES FOR SUPPORTING DEAL TEAM MEMBERS Molly Clark – Engagement Support Clearwater, Florida Vice President, Southeast Public Finance Responsibilities: Ms. Clark will provide project support to Mr. Olliff on the City’s financings. She will participate in developing the financing structure, consulting with rating agencies and credit enhancement providers, preparing bond and offering documents, and overall execution of the proposed bond issue. Qualifications: Ms. Clark joined Wells Fargo in August 2008 and has a total of 14 years of experience in public finance. Her work has focused on utility finance, general governmental finance, and 501(c) (3) issues. She has supported governmental issuers through all aspects of the financing process, including participating in early stage bond structuring discussions, preparing quantitative analyses, reviewing legal documents, assisting with rating agency presentations, and coordinating bond pricings and closings. Ms. Clark has
experience working on fixed and variable rate bond issues, with various forms of credit enhancement and derivative products. Education: B.A. in Economics from Carleton College. Securities Registrations: FINRA Series 7 and Series 63.
Glenn Gough – Engagement Support Clearwater, Florida Vice President, Southeast Public Finance Responsibilities: Mr. Gough will provide project and analytical support on behalf of Wells Fargo. Mr. Gough will coordinate with Mr. Olliff and the rest of the deal team on financing issues relevant to the City’s borrowings. He will participate in developing financing structures, consulting with rating agencies and credit enhancement providers, preparing bond and offering documents, and providing general support to help achieve a successful financing. Qualifications: Mr. Gough joined Wells Fargo in April 2009 after more than 3 years with Bank of America’s public finance group. His work has focused on municipal finance in Florida, Georgia and Puerto Rico for a variety of credits including transportation, special assessment, water and sewer, public power, certificates of participation, covenant to budget and appropriate, pooled loans, sales tax, and limited obligation. Mr. Gough has experience working on fixed and variable rate bonds, commercial paper, and privately placed loans, with various forms of credit enhancement and derivative products. He has experience working on all aspects of the financing process, from producing proposals and reviewing bond documents, to completing quantitative analyses and coordinating bond pricings. Prior to entering the public finance industry, Mr. Gough worked for KPMG’s Risk Advisory Services, where he consulted local governments and agencies on the operation, construction and demand of sports and entertainment facilities. Education: B.S. in Finance and an M.S. in Business Administration from the University of Florida. Securities Registrations: FINRA Series 7 and Series 63.
Charlie Yadon– Engagement Support Clearwater, Florida Associate, Southeast Public Finance Responsibilities: Mr. Yadon will provide general project support and analytical services, while coordinating with Mr. Olliff and the rest of the Wells Fargo team to help facilitate the successful execution of the City’s financings. Qualifications: Mr. Yadon joined Wells Fargo as an Analyst in 2013 after graduating from the University of Florida’s Master of Science in Finance program. He primarily provides support for the coverage of Florida municipal issuers. Prior to joining Wells Fargo, Mr. Yadon had 3 years of public finance experience as a Bond Development Specialist at the Florida Division of Bond Finance in Tallahassee, where he served as lead financial analyst on over $1.5 billion in competitive bond issues on behalf of the State of Florida and various state agencies and universities. Education: B.S in Finance and B.S in Accounting from Florida State University, and an M.S. in Finance from the University of Florida. Securities Registrations: FINRA Series 52 and Series 63.
Scott Goldstein – Quantitative Support Denver, Colorado Director, Quantitative Structuring Responsibilities: Mr. Goldstein will provide analytical and quantitative support to the City on behalf of Wells Fargo. Mr. Goldstein will coordinate with Mr. Olliff on quantitative structuring and idea generation for the City’s financings. Qualifications: Mr. Goldstein joined Wells Fargo in 2007 (via merger with A.G. Edwards). He has over 27 years of experience in investment banking as a quantitative specialist with extensive understanding of bond
related tax code issues. He has structured over 1,000 senior managed municipal transactions with significant emphasis for refunding and structured solutions. He has been instrumental in developing and applying several refunding innovations, providing analytical decision making framework for cash market and derivative solutions, as well as improving escrow efficiencies to help issuers lower their cost of capital or overall funding cost. Education: B.S. in Business with an emphasis in Finance and Accounting from the University of Maryland and a M.B.A. in Finance from George Washington University. Securities Registrations: FINRA Series 7 and Series 63.
Andrew Maffucci – Variable Rate Underwriting Charlotte, North Carolina Director, Municipal Syndicate Responsibilities: Mr. Maffucci will serve as the lead underwriter for all of the City’s short-term and variable rate financings. Qualifications: Mr. Maffucci is a Director and Head of Short-Term Trading on the institutional trading desk. He is responsible for overseeing the trading and underwriting of all short-term products including secondary fixed rate bonds with maturities 5yrs and shorter, Municipal Notes, VRDNs, Commercial Paper, Floating Rate Notes and any other short-term or variable rate products. His primary focus is trading secondary bonds with maturities 5-years and shorter, and he provides liquidity, market color, and trade ideas to institutional accounts. Before joining Wells Fargo’s underwriting desk in 2009, Mr. Maffucci traded short-term Municipal Notes and ran the Auction Rate Securities book at Bank of America Securities. Education: B.S. in Accounting from the College of Charleston Securities Registrations: FINRA Series 7 and Series 63.
Amanda Pogue – Fixed Rate Underwriting Support Charlotte, North Carolina Vice President, Municipal Syndicate Responsibilities: Ms. Pogue will provide underwriting support to Mr. McQuage on the City’s fixed rate bond issues. Qualifications: Ms. Pogue originally joined Wells Fargo through the 2010 analyst program as a general analyst supporting the municipal sales, trading and underwriting desks. Ms. Pogue has since moved into a dedicated underwriting role to provide marketing, pricing, and distribution services for various fixed rate financings. Her experience includes, but is not limited to, general market GO/revenue credits, higher education, transportation, and taxable, with a current focus on the Southeast regions. She also focuses her efforts on growing the desk’s Bank Qualified platform through the competitive market. Education: B.S. in Business Administration and a B.A. in Economics from University of North Carolina (Chapel Hill). Securities Registrations: FINRA Series 7 and Series 63.
Kit Wood – Institutional Sales Charlotte, North Carolina Managing Director, Head of Institutional Sales Responsibilities: Mr. Wood will direct all institutional sales for the City’s financings. Qualifications: Mr. Wood is Head of Wells Fargo’s Municipal Institutional Sales efforts and has approximately 23 years of experience. Mr. Wood joined Wells Fargo in May 2005 to launch a new Municipal Institutional Derivatives Marketing business, shortly after he was named National Sales Manager. Prior to joining Wells Fargo, Mr. Wood was a Senior Portfolio Manager & Co-Head of JP Morgan Asset Management’s New York Municipal Bond Department in NYC (1999-2005) managing assets in excess of $45B. Prior to JPM, he was a Senior Portfolio Manager (Tax-Exempt Bonds) & Department Head at Mercantile Bank in Baltimore,
MD (1998-1999) as well as an Institutional Municipal Bond Trader at both ABN AMRO LaSalle Bank & Kemper Securities in Chicago, IL. Education: B.A. from the University of Colorado and also attended M.B.A. programs at the University of Chicago and the University of Maryland. Securities Registrations: FINRA Series 7, Series 24, Series 53, and Series 63.
Don Lipkin – Credit Strategist New York, New York Managing Director, Credit Strategies Responsibilities: Mr. Lipkin will provide credit strategy and market analysis for the City’s capital market offerings, and will be available to discuss any opportunities and issues provided by the municipal market. Qualifications: Mr. Lipkin joined Wells Fargo in 2010 as its Municipal Credit Strategist and brings over 20 years of municipal credit analyst experience to our deal team. Mr. Lipkin is available to the firm’s public finance investment bankers and their issuer clients, including the City, to provide timely market analysis. With experience in all sectors of the municipal market, Mr. Lipkin has been widely recognized over the years for his expertise and integrity, including awards from Institutional Investor Magazine, Smith’s Research and Ratings Review, and the National Federation of Municipal Analysts. Mr. Lipkin came to Wells Fargo from U.S. Trust, Bank of America Private Wealth Management, where he headed fixed income research efforts. Prior to that, he spent three years as Managing Director in charge of Municipal Market Strategy and Credit Analytics at Banc of America Securities LLC, 14 years as Senior Managing Director and co-head of Municipal Research at Bear, Stearns & Co, and seven years as Vice President of Municipal Research at the First Boston Corp. Education: B.A. and M.B.A. from the University of Albany – SUNY and an M.A. in English and American Literature from the University of Maryland. Securities Registrations: FINRA Series 7, Series 16, and Series 53.
Nancy Feldman – Credit Specialist New York, New York Managing Director, Head of Credit Strategies Responsibilities: Ms. Feldman will provide credit and rating strategy and market analysis for the City’s bond issues, and will be available to discuss credit and rating strategies. Qualifications: Ms. Feldman joined Wells Fargo in 2010 spending after 3 ½ years as the Director of the Office of Public Finance for the State of New Jersey. During her tenure she was responsible for all aspects of bond issuance for the State of New Jersey and certain authorities, managing the State’s derivatives portfolio; overseeing debt reporting; maintaining investor, rating agency, and bond insurer relationships and additionally directed a major infrastructure asset evaluation project focusing on public/private partnership opportunities. Ms. Feldman previously spent eight years with Standard & Poor’s specializing in tax backed, infrastructure, utility and structured credit analysis and 4 years with both retail and institutional broker/dealers. Education: B.A. in Economics from Albany State University and an M.B.A. in Finance from Baruch College. Securities Registrations: FINRA Series 7, Series 24, Series 53, and Series 63.
Appendix B
Senior Managed and Co-Managed Deal List Senior Managed and Co-Managed Deal List
Wells Fargo's Fixed Rate Senior Managed Experience January 1, 2013 to August 17, 2016 Source: Thomson Reuters SDC Platinum Sale Par Amount Role of Date ($mm) Issuer State Issue Description Series Wells Fargo 01/09/13 26.095 Arizona Board of Regents AZ System Revenue & Refunding Bonds Series 2013 B Senior/Sole Mgr 01/09/13 84.855 Arizona Board of Regents AZ System Revenue & Refunding Bonds Series 2013 A Senior/Sole Mgr 01/10/13 306.065 Florida Dept of Transportation FL Turnpike Revenue Bonds Series 2012 A Senior/Sole Mgr 01/11/13 209.815 Mecklenburg Co-North Carolina NC GO Refunding Bonds Series 2013 A Senior/Sole Mgr 01/16/13 112.705 Arizona Transportation Board AZ Subordinated Highway Rev Bonds Series 2013 B Senior/Sole Mgr 01/16/13 602.765 Arizona Transportation Board AZ Subordinated Highway Rev Bonds Series 2013 A Senior/Sole Mgr 01/23/13 350.000 Port Authority of NY & NJ NY Consolidated Bonds 177th Series Senior/Sole Mgr 01/24/13 290.365 California Health Facs Fin Auth CA Revenue Bonds Series 2013 A Senior/Sole Mgr 01/24/13 50.185 Winnebago Co-Illinois IL GO Ref Alt Rev Bonds & Debt Cert Series 2013 A-C Senior/Sole Mgr 01/25/13 25.605 North Carolina Medical Care Commiss NC HlthCare Facs Rev & Ref Rev Bonds Series 2013 A Senior/Sole Mgr 01/25/13 9.220 Wise Co (Decatur) ISD TX Unlimited Tax Refunding Bonds Series 2013 Senior/Sole Mgr 01/29/13 143.770 Austin City-Texas TX Rental Car Special Fac Rev Bonds Series 2013 Senior/Sole Mgr 01/29/13 48.000 Santa Clara Co (Fremont) UHSD CA General Obligation Bonds Series 2013 Senior/Sole Mgr 01/29/13 75.000 Scottsdale City-Arizona AZ General Obligation Bonds Series 2013 Senior/Sole Mgr 01/29/13 72.180 West Virginia University Bd of Gov WV Refunding & Improvement Rev Bonds Series 2013 B Senior/Sole Mgr 01/29/13 138.325 West Virginia University Bd of Gov WV Refunding & Improvement Rev Bonds Series 2013 A Senior/Sole Mgr 02/07/13 36.005 Arizona Board of Regents AZ Ref Certificates of Participation Series 2013 Senior/Sole Mgr 02/12/13 22.780 Colorado Ed and Culture Fac Auth CO Revenue Bonds Series 2013 Senior/Sole Mgr 02/12/13 80.000 Virginia Housing Dev Auth (VHDA) VA Commonwealth Mortgage Bonds 2012 Subseries C-3 Senior/Sole Mgr 02/13/13 132.440 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2013 A Senior/Sole Mgr 02/13/13 141.650 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2013 B Senior/Sole Mgr 02/20/13 490.000 Santa Clara Co-California CA General Obligation Bonds 2013 Series B Senior/Sole Mgr 02/21/13 23.590 Grayson Co-Texas TX Pass-Through Toll Rev & Ref Bonds Series 2013 Senior/Sole Mgr 02/21/13 527.310 Los Angeles Dept of Wtr & Power CA Power System Revenue Bonds 2013 Series A Senior/Sole Mgr 02/21/13 79.640 Manatee Co-Florida FL Rev Ref & Improvement Bonds Series 2013 Senior/Sole Mgr 02/22/13 77.255 St Lucie Co School Board FL Ref Certificates of Participation Series 2013 A Senior/Sole Mgr 02/27/13 48.265 Wisconsin Health and Ed Fac Auth WI Revenue Bonds Series 2013 B Senior/Sole Mgr 03/01/13 13.000 Orange Co Industrial Dev Auth FL Industrial Development Rev Bonds Series 2013 Senior/Sole Mgr 03/05/13 107.000 Anchorage City-Alaska AK General Obligation TANs 2013 Series Senior/Sole Mgr 03/05/13 36.720 Jersey City-New Jersey NJ GO Qual Pub & Water Imp Ref Bonds Series 2013 A & B Senior/Sole Mgr 03/05/13 501.170 Regents of the Univ of California CA General Revenue Bonds 2013 Series AG Senior/Sole Mgr 03/05/13 805.905 Regents of the Univ of California CA General Revenue Bonds 2013 Series AF Senior/Sole Mgr 03/08/13 1.591 Aberdeen Twp-New Jersey NJ GO Sewer Utility BANs Senior/Sole Mgr 03/08/13 29.310 Union Co-North Carolina NC Refunding Ltd Obligation Bonds Series 2013 Senior/Sole Mgr 03/13/13 8.000 Atlantic Highlands Boro-New Jersey NJ BANs Senior/Sole Mgr 03/14/13 70.030 Empire State Development Corp NY State Personal Inc Tax Rev Bonds Series 2013 A-2 Senior/Sole Mgr 03/14/13 572.390 Empire State Development Corp NY State Personal Inc Tax Rev Bonds Series 2013 A-1 Senior/Sole Mgr 03/14/13 177.495 Portland Community College Dt OR General Obligation Bonds Series 2013 Senior/Sole Mgr 03/14/13 25.195 Randolph Co-North Carolina NC Ltd Obligation Refunding Bonds Series 2013 A Senior/Sole Mgr 03/15/13 112.470 Durham Capital Financing Corp NC Limited Obligation Bonds Series 2013 Senior/Sole Mgr 03/15/13 0.465 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 B Senior/Sole Mgr 03/15/13 0.595 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 B Senior/Sole Mgr 03/15/13 1.260 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 B Senior/Sole Mgr 03/15/13 17.495 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 A Senior/Sole Mgr 03/15/13 19.675 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 A Senior/Sole Mgr 03/15/13 26.065 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 A Senior/Sole Mgr 03/19/13 3.809 Vernon Twp-New Jersey NJ BANs Senior/Sole Mgr 03/20/13 124.605 Hartford City-Connecticut CT GO Refunding Bonds Series 2013 A Senior/Sole Mgr 03/21/13 60.000 Sacramento City USD CA TRANs Series 2012-13 Senior/Sole Mgr 03/22/13 40.975 Charlotte City-North Carolina NC Certificates of Participation Series 2013 A Senior/Sole Mgr 03/22/13 5.130 Davie Co-North Carolina NC GO Refunding Bonds Series 2013 Senior/Sole Mgr 03/22/13 901.025 NYC Transitional Finance Auth NY Futured Tax Secured Sub Bonds 2013 Ser F-1, G & H Senior/Sole Mgr 03/27/13 9.400 Western Carolina University NC Refunding Limited Oblig Bonds Series 2013 Senior/Sole Mgr 04/04/13 46.445 Florida Dept of Environ Protect FL Everglades Restoration Rev Bonds Series 2013 A Senior/Sole Mgr 04/04/13 48.160 Hartford City-Connecticut CT General Obligation Bonds Series 2013 B Senior/Sole Mgr 04/04/13 64.650 Hartford City-Connecticut CT General Obligation BANs Senior/Sole Mgr 04/04/13 4.000 Willingboro Twp-New Jersey NJ BANs Senior/Sole Mgr 04/05/13 30.230 Buncombe Co Metro Sewerage Dt NC Sewerage System Rev Ref Bonds Series 2013 Senior/Sole Mgr 04/05/13 343.420 Charleston Ed Excellence Fin Corp SC Installment Purch Rev Ref Bonds Series 2013 B Senior/Sole Mgr 04/09/13 3.081 Phillipsburg-New Jersey NJ BANs Senior/Sole Mgr 04/11/13 21.555 Randolph Co-North Carolina NC Ltd Obligation Refunding Bonds Series 2013 B Senior/Sole Mgr 04/15/13 17.260 Rochester City-Minnesota MN Health Care Facs Revenue Bonds Series 2013 Senior/Sole Mgr 04/18/13 183.140 Florida Dept of Transportation FL Turnpike Revenue Refunding Bonds Series 2013 A Senior/Sole Mgr 04/18/13 35.575 San Francisco City/Co-California CA Certificates of Participation Series 2013 A Senior/Sole Mgr 04/19/13 49.885 Massachusetts Clean Energy Coop Corp MA Revenue Bonds Series 2013 Senior/Sole Mgr 04/19/13 15.160 Rock Hill City-South Carolina SC Limited Obligation Bonds Series 2013 Senior/Sole Mgr 04/23/13 21.100 Athens-Clarke Co Unified Govt GA Revenue Refunding Bonds Series 2013 Senior/Sole Mgr 04/23/13 59.385 California St Public Works Board CA Lease Revenue Bonds 2013 Series D Senior/Sole Mgr 04/23/13 325.985 California St Public Works Board CA Lease Revenue Refunding Bonds 2013 Series E Senior/Sole Mgr 04/23/13 34.775 Milwaukee City-Wisconsin WI GO Prom Notes & Corp Purp Bonds Series 2013 N2 & B3 Senior/Sole Mgr 04/23/13 56.830 Milwaukee City-Wisconsin WI GO Prom Notes & Corp Purp Bonds Series 2013 N2 & B3 Senior/Sole Mgr 04/24/13 15.905 Maine Municipal Bond Bank ME Revenue Bonds 2013 Series A Senior/Sole Mgr 04/24/13 17.555 Milford City-Connecticut CT GO BANs Senior/Sole Mgr 04/24/13 29.525 New Jersey Hlth Care Fac Fin Au NJ Refunding Bonds Series 2013 A Senior/Sole Mgr 04/25/13 31.300 Charleston Co SD SC General Obligation BANs Series 2013 A Senior/Sole Mgr 04/26/13 96.225 Jacksonville Electric Authority FL Electric Sys Revenue & Sub Bonds Ser Three 2013 B & C Senior/Sole Mgr 04/30/13 34.215 Dallas Co Util & Reclamation Dt TX Unlimited Tax Refunding Bonds Series 2013 Senior/Sole Mgr 05/01/13 200.000 Fulton Co-Georgia GA General Fund TANs Senior/Sole Mgr 05/01/13 212.540 Univ of Illinois Bd of Trustees IL Auxiliary Facs Sys Rev Ref Bonds Series 2013 A Senior/Sole Mgr 05/02/13 20.285 Alachua Co School Board FL Ref Certificates of Participation Series 2013 Senior/Sole Mgr 05/02/13 6.370 California Educational Facs Auth CA Revenue Bonds Series 2013 B Senior/Sole Mgr 05/02/13 48.625 California Educational Facs Auth CA Revenue Bonds Series 2013 A Senior/Sole Mgr 05/07/13 30.695 Charleston Co-South Carolina SC GO Refunding Bonds Series B of 2013 Senior/Sole Mgr 05/08/13 145.845 Harris Co (Cypress-Fairbanks) ISD TX Unlimited Tax Refunding Bonds Series 2013 Senior/Sole Mgr 05/08/13 55.075 Seattle City-Washington WA Ltd GO Improvement & Ref Bonds Series 2013 B Senior/Sole Mgr 05/09/13 300.000 Illinois IL Build Illinois SalesTax Rev Bonds Series of May 2013 Senior/Sole Mgr 05/09/13 116.705 Indiana Finance Authority IN Hospital Revenue Bonds Series 2013 A Senior/Sole Mgr 05/09/13 46.130 St Joseph Co Hospital Authority IN Hospital Revenue Bonds Series 2013 C Senior/Sole Mgr 05/09/13 58.355 Virginia Public School Authority VA School Technology & Security Note Series I Senior/Sole Mgr 05/10/13 21.310 Randolph Co-North Carolina NC Ltd Obligation Refunding Bonds Series 2013 C Senior/Sole Mgr 05/14/13 4.766 Nash Co Central Nash Wtr & Swr Dt NC GO Water BANs Senior/Sole Mgr 05/15/13 127.260 Charlotte-Mecklenburg Hosp Auth NC Health Care Rev & Ref Rev Bonds Series 2013 A Senior/Sole Mgr 05/15/13 5.840 Lodi Borough-New Jersey NJ BANs Senior/Sole Mgr 05/15/13 106.400 Utah Housing Corporation (UHC) UT Single Family Mortgage Ref Bonds 2013 Series E Senior/Sole Mgr 05/16/13 70.125 Arizona Board of Regents AZ SPEED Revenue Bonds Series 2013 Senior/Sole Mgr 05/16/13 24.835 College of Charleston SC Academic & Admin Facs Rev Bonds Series 2013 B Senior/Sole Mgr 05/16/13 20.490 Peach Co Development Auth GA Refunding Revenue Bonds Series 2013 Senior/Sole Mgr 05/21/13 28.635 Ramsey Co (St Paul) ISD #625 MN GO School Bldg Refunding Bonds Series 2013 B Senior/Sole Mgr 05/22/13 297.965 Florida State BOE FL Pub Ed Capital Outlay Ref Bonds 2013 Series C Senior/Sole Mgr 05/23/13 73.625 Tarrant Co (Arlington) ISD TX Unlimited Tax Refunding Bonds Series 2013 Senior/Sole Mgr 05/29/13 151.090 Maricopa Co Community College Dt AZ General Obligation Bonds Series 2013 Senior/Sole Mgr 05/30/13 9.800 Atlantic Highlands Boro-New Jersey NJ BANs Senior/Sole Mgr 05/30/13 51.015 Greene Co-Ohio OH Sewer Sys Ltd Tax GO Ref Bonds Series 2013 Senior/Sole Mgr 05/31/13 41.880 Osceola Co School Board FL Certificates of Participation Series 2013 A Senior/Sole Mgr 06/04/13 150.000 San Bernardino Co-California CA TRANs 2013-14 Series A Senior/Sole Mgr 06/04/13 26.790 Sweetwater Co-Wyoming WY Hospital Revenue Ref Bonds Series 2013 A Senior/Sole Mgr 06/05/13 40.360 Cameron Co (Brownsville) ISD TX Unlimited Tax Refunding Bonds Series 2013 B Senior/Sole Mgr 06/06/13 31.460 St Louis City-Missouri MO Airport Revenue Refunding Bonds Series 2013 Senior/Sole Mgr 06/10/13 29.520 Crow Wing Co-Minnesota MN GO Refunding Bonds Series 2013 A Senior/Sole Mgr 06/11/13 125.000 Pulaski Co (No Little Rock) SD #1 AR Construction Bonds Series B Senior/Sole Mgr 06/12/13 1.520 Bothell City-Washington WA Ltd Tax General Obligation Bonds Series 2013 A Senior/Sole Mgr 06/12/13 8.145 Bothell City-Washington WA Ltd Tax General Obligation Bonds Senior/Sole Mgr 06/12/13 180.000 Houston City-Texas TX TRANs Series 2013 Senior/Sole Mgr 06/12/13 40.090 Jackson Co (Northwest) CSD MI GO School Building & Site Bonds 2013 Series Senior/Sole Mgr 06/13/13 24.400 Athens-Clarke Co Dev Auth GA Revenue Bonds Series 2013 Senior/Sole Mgr 06/18/13 157.560 New Mexico NM Severance Tax Bonds Series 2013 A Senior/Sole Mgr 06/18/13 65.000 St Louis City-Missouri MO TRANs Series 2013 Senior/Sole Mgr 06/19/13 20.330 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Rev Bonds 2013 Series A Senior/Sole Mgr 06/19/13 41.270 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Rev Bonds 2013 Series A Senior/Sole Mgr 06/19/13 29.610 Rosedale-Rio Bravo Wtr Storage Dt CA Rev Certificates of Participation Series 2013 A Senior/Sole Mgr 06/25/13 34.960 Lexington Ind Dev Auth VA Educational Facilities Rev Bonds Series 2013 Senior/Sole Mgr 06/26/13 1,300.000 Illinois IL General Obligation Bonds Series of June 2013 Senior/Sole Mgr 06/26/13 36.900 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2013 Senior/Sole Mgr 06/27/13 2.831 Bay City Community Dev Corp TX Sales Tax Revenue Bonds Series 2013 Senior/Sole Mgr 06/27/13 11.005 Metro Washington Airports Auth DC Airport System Revenue Ref Bonds Series 2013 C Senior/Sole Mgr 06/27/13 27.405 Metro Washington Airports Auth DC Airport System Revenue Ref Bonds Series 2013 B Senior/Sole Mgr 06/27/13 207.205 Metro Washington Airports Auth DC Airport System Rev & Ref Bonds Series 2013 A Senior/Sole Mgr 06/27/13 17.650 Santa Barbara Co (Goleta) USD CA GO Refunding Bonds Series 2013 Senior/Sole Mgr 07/02/13 500.000 Colorado CO General Fund TRANs Series 2013 A Senior/Sole Mgr 07/03/13 3.360 Rock Hill City-South Carolina SC Tax Increment Bonds Series 2013 B Senior/Sole Mgr 07/03/13 6.315 Rock Hill City-South Carolina SC Tax Increment Bonds Series 2013 A Senior/Sole Mgr 07/09/13 3.615 Edgecombe Water & Sewer Dt #4 NC Water BANs Senior/Sole Mgr 07/11/13 111.780 Colorado CO Ref Certificates of Participation Series 2013 Senior/Sole Mgr 07/16/13 7.977 Pequannock Twp-New Jersey NJ BANs Senior/Sole Mgr 07/16/13 129.580 San Antonio City-Texas TX Gen Imp & Comb Tax & Rev Certs Series 2013 Senior/Sole Mgr 07/17/13 16.780 Hays Co (Wimberley) ISD TX Unlimited Tax School Bldg Bonds Series 2013 Senior/Sole Mgr 07/18/13 20.425 Univ of Alabama Board of Trustees AL General Revenue Bonds Series 2013-D1 Senior/Sole Mgr 07/18/13 78.325 Univ of Alabama Board of Trustees AL General Revenue Bonds Series 2013-D2 Senior/Sole Mgr 07/23/13 295.000 Harris Co-Texas TX TANs Series 2013 Senior/Sole Mgr 07/23/13 4.000 Lacey-New Jersey NJ TANs Series of 2013 Senior/Sole Mgr 07/24/13 11.410 Minnesota Higher Ed Facs Auth MN Revenue Bonds Series Seven-W Senior/Sole Mgr 07/25/13 5.510 Indiana Finance Authority IN Educational Facs Revenue Bonds Series 2013 Senior/Sole Mgr 07/30/13 41.080 Beaumont City-Texas TX Certificates of Obligation Series 2013 Senior/Sole Mgr 07/30/13 5.455 McLennan Co (McGregor) ISD TX Qual School Construction Bonds Series 2013 B Senior/Sole Mgr 07/30/13 12.885 McLennan Co (McGregor) ISD TX Unlimited Tax Sch Building Bonds Series 2013 A Senior/Sole Mgr 07/31/13 43.310 Utah State Board of Regents UT Student Bldg Fee Revenue Bonds Series 2013 B Senior/Sole Mgr 08/01/13 5.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec Senior/Sole Mgr 08/02/13 2.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec Senior/Sole Mgr 08/05/13 2.000 Utah Housing Corporation (UHC) UT Homes Ownership Mtg Backed Sec Senior/Sole Mgr 08/07/13 2.500 Build NYC Resource Corp NY Revenue Bonds Series 2013 B Senior/Sole Mgr 08/07/13 13.920 Build NYC Resource Corp NY Revenue Bonds Series 2013 A Senior/Sole Mgr 08/07/13 55.545 Washington WA General Obligation Bonds Series 2014 T Senior/Sole Mgr 08/08/13 52.395 Ohio Higher Ed Fac Commission OH Higher Educ Facility Rev Bonds Senior/Sole Mgr 08/08/13 90.000 San Francisco City & Co USD CA TRANs 2013 Series A Senior/Sole Mgr 08/13/13 34.370 Charlotte City-North Carolina NC General Obligation Bonds Series 2013 A Senior/Sole Mgr 08/15/13 2.000 Utah Housing Corporation (UHC) UT Homes Ownership Mtg Backed Sec Senior/Sole Mgr 08/16/13 4.713 Minnesota Housing Fin Agency MN Home Ownership Mtg Backed Secs 2013 Series C-1 Senior/Sole Mgr 08/16/13 24.471 Minnesota Housing Fin Agency MN Home Ownership Mtg Backed Sec 2013 Series B-1 Senior/Sole Mgr 08/20/13 71.545 Cobb Co-Georgia GA Water & Sewerage Ref Rev Bonds Series 2013 Senior/Sole Mgr 08/20/13 9.645 Semitropic Improvement Dt CA Second Lien Revenue Bonds 2013 Series A Senior/Sole Mgr 08/21/13 2.000 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2013 B Senior/Sole Mgr 08/21/13 21.410 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2013 A Senior/Sole Mgr 08/22/13 48.365 Florida Board of Governors FL Parking Facility Revenue Bonds Series 2013 A Senior/Sole Mgr 08/23/13 104.250 Charlotte City-North Carolina NC GO Refunding Bonds Series 2013 Senior/Sole Mgr 08/27/13 5.450 Elizabethton City-Tennessee TN GO School Ref & Improvement Bonds Series 2013 Senior/Sole Mgr 08/27/13 220.660 Maine Municipal Bond Bank ME Liqour Operation Revenue Bonds Series 2013 Senior/Sole Mgr 08/27/13 7,200.000 Texas TX TRANs Series 2013 Senior/Sole Mgr 09/04/13 94.365 Texas A&M University System TX Revenue Financing System Bonds Series 2013 D Senior/Sole Mgr 09/04/13 239.965 Texas A&M University System TX Revenue Financing System Bonds Series 2013 C Senior/Sole Mgr 09/06/13 6.360 Danville City-Virginia VA GO Public Improvement Bonds Series 2013 A Senior/Sole Mgr 09/10/13 24.585 Topeka City-Kansas KS Temporary Notes Series 2013- A Senior/Sole Mgr 09/11/13 10.000 Alcoa City-Tennessee TN General Obligation Bonds Series 2013 A Senior/Sole Mgr 09/11/13 210.675 West Virginia Hospital Fin Auth WV Hospital Revenue Ref & Imp Bonds 2013 Series A Senior/Sole Mgr 09/17/13 8.265 Edina City-Minnesota MN General Obligation Bonds Series 2013 A Senior/Sole Mgr 09/17/13 9.680 Wichita City-Kansas KS GO Temporary Notes Series 249 Senior/Sole Mgr 09/17/13 29.665 Wichita City-Kansas KS GO Temporary Notes Series 260 Senior/Sole Mgr 09/18/13 31.915 Lubbock ISD TX Unlimited Tax School Bldg Bonds Series 2013 A Senior/Sole Mgr 09/18/13 28.965 Raleigh City-North Carolina NC Limited Obligation Bonds Series 2013 Senior/Sole Mgr 09/19/13 1.792 Colorado Hsg & Fin Au (CHFA) CO Mini-Bond Transaction Series 2013 Senior/Sole Mgr 09/19/13 75.000 Utah Co (Alpine) SD BOE UT GO School Building Bonds Series 2013 Senior/Sole Mgr 09/23/13 8.200 Waukesha Co (New Berlin) SD WI GO School Improvement Bonds Series 2013 Senior/Sole Mgr 09/26/13 16.660 Stratford Town-Connecticut CT GO Refunding Bonds Issue of 2013 Senior/Sole Mgr 09/27/13 57.485 M-S-R Public Power Agency CA Subordinate Lien Revenue Bonds Series 2013 P Senior/Sole Mgr 10/01/13 5.870 Grayson Co SD Fin Corp KY School Building Revenue Bonds Series 2013 Senior/Sole Mgr 10/02/13 13.525 Maine Municipal Bond Bank ME Bond Bank Bonds 2013 Series B Senior/Sole Mgr 10/02/13 1.635 Riverside Co-California CA Teeter Obligation Notes 2013 Series E Senior/Sole Mgr 10/02/13 118.135 Riverside Co-California CA Teeter Obligation Notes 2013 Series D Senior/Sole Mgr 10/03/13 38.355 Indianapolis Loc Pub Imp Bond Bank IN Refunding Bonds Series 2013 D Senior/Sole Mgr 10/08/13 18.255 Laredo City-Texas TX Waterworks & Sewer Sys Rev Bonds New Series 2013 Senior/Sole Mgr 10/08/13 20.090 Laredo City-Texas TX Tax Rev Certs & Pub Prop Oblig Series 2013 Senior/Sole Mgr 10/10/13 8.905 Chisago Co (Chisago Lakes) ISD #2144 MN GO School Building Ref Bonds Series 2013 A Senior/Sole Mgr 10/10/13 55.670 El Paso Co (Socorro) ISD TX Unlimited Tax Refunding Bonds Series 2013 A Senior/Sole Mgr 10/15/13 11.760 Vance Co Water Dt NC GO Water BANs Senior/Sole Mgr 10/16/13 45.625 Harris Co (Aldine) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2013 Senior/Sole Mgr 10/17/13 32.870 San Francisco City/Co-California CA Certificates of Participation Series 2013 C Senior/Sole Mgr 10/18/13 162.690 Stratford Town-Connecticut CT General Obligation Bonds Issue of 2013 Senior/Sole Mgr 10/22/13 7.500 Howell Twp-New Jersey NJ BANs Series of 2013 A Senior/Sole Mgr 10/23/13 81.175 Bexar Co (Northside) ISD TX Unlimited Tax Refunding Bonds Series 2013 Senior/Sole Mgr 10/23/13 1.830 Roanoke City-Virginia VA GO Public Improvement Ref Bonds Series 2013 C Senior/Sole Mgr 10/24/13 1.150 Maine Municipal Bond Bank ME Revenue Bonds 2013 Series C Senior/Sole Mgr 10/24/13 283.820 Minnesota MN GO State Various Purpose Bonds Series 2013 D Senior/Sole Mgr 10/24/13 3.745 New Mexico Finance Auth (NMFA) NM Revolving Fund Revenue Bonds Series 2013 C-1 Senior/Sole Mgr 10/24/13 10.550 New Mexico Finance Auth (NMFA) NM Revolving Fund Revenue Bonds Series 2013 C-2 Senior/Sole Mgr 10/28/13 5.100 Cocke Co-Tennessee TN School Refunding Bonds Series 2013 A Senior/Sole Mgr 10/28/13 9.740 Polk Co (Johnston) CSD IA Sch Infra Sales Svcs & Use Tax Series 2013 Senior/Sole Mgr 10/29/13 65.605 Charleston Co SD SC General Obligation Bonds Series 2013 Senior/Sole Mgr 10/29/13 405.000 District of Columbia DC GO TRANs Series 2014 Senior/Sole Mgr 10/31/13 13.615 Richland Co-South Carolina SC General Obligation Bonds Series 2013 B Senior/Sole Mgr 11/04/13 5.525 Waller ISD TX Unlimited Tax Refunding Bonds Series 2013 Senior/Sole Mgr 11/05/13 25.640 Fort Bend Co (Lamar) CISD TX Unlimited Tax Refunding Bonds Series 2013 Senior/Sole Mgr 11/05/13 45.075 Virginia Public School Authority VA School Financing Bonds Series 2013 B Senior/Sole Mgr 11/06/13 226.340 Louisville-Jefferson Co Metro Swr Dt KY Sewer & Drainage Sys Sub BANs Series 2013 Senior/Sole Mgr 11/06/13 30.000 Michigan MI GO Environmental Prog Ref Bonds Series 2013 A Senior/Sole Mgr 11/06/13 7.540 Poweshiek Water Association IA Water Revenue Refunding Bonds Series 2013 Senior/Sole Mgr 11/06/13 42.810 Vermont VT General Obligation Bonds 2013 Series B Senior/Sole Mgr 11/07/13 1.984 Maywood Borough-New Jersey NJ General Obligation BANs Senior/Sole Mgr 11/12/13 13.245 Hennepin Co (Minneapolis) SSD #1 MN GO Refunding Bonds Series 2013 C Senior/Sole Mgr 11/12/13 20.525 Hennepin Co (Minneapolis) SSD #1 MN GO School Building Bonds Series 2013 A Senior/Sole Mgr 11/12/13 41.125 Hennepin Co (Minneapolis) SSD #1 MN Ref Certificates of Participation Series 2013 D Senior/Sole Mgr 11/13/13 77.215 Missouri Hlth & Ed Facs Authority MO Educational Facilities Rev Bonds Series 2013 Senior/Sole Mgr 11/14/13 86.405 Charleston Co-South Carolina SC Special Source Revenue Bonds Series 2013 Senior/Sole Mgr 11/18/13 8.865 Litchfield City-Minnesota MN GO Improvement Bonds Series 2013 A Senior/Sole Mgr 11/20/13 380.000 Los Angeles Dept of Wtr & Power CA Water System Revenue Bonds 2013 Series B Senior/Sole Mgr 11/21/13 109.150 Port Authority of NY & NJ NY Consolidated Bonds 180th Series Senior/Sole Mgr 11/21/13 475.675 Port Authority of NY & NJ NY Consolidated Bonds 178th Series Senior/Sole Mgr 11/21/13 915.175 Port Authority of NY & NJ NY Consolidated Bonds 179th Series Senior/Sole Mgr 11/21/13 73.995 Riverside Co (Alvord) USD CA General Obligation Bonds Series A Senior/Sole Mgr 11/25/13 6.135 Sartell City-Minnesota MN GO Refunding Bonds Series 2013 A Senior/Sole Mgr 11/26/13 93.985 Hudson Co-New Jersey NJ BANs Senior/Sole Mgr 11/26/13 3.045 South Carolina SC GO State Institution Bonds Series 2013 A Senior/Sole Mgr 11/26/13 14.125 South Carolina SC GO State Institution Bonds Series 2013 A Senior/Sole Mgr 11/26/13 15.235 South Carolina SC GO St Research Univ Infra Bonds Series 2013 A Senior/Sole Mgr 12/03/13 1.694 Hightstown Boro-New Jersey NJ BANs & Water Sewer Utility Senior/Sole Mgr 12/03/13 11.800 St George City-Utah UT Electric Revenue Refunding Bonds Series 2013 Senior/Sole Mgr 12/04/13 10.000 Bennettsville City-South Carolina SC Comb Util Sys Ref&Imp Rev Bonds Series 2013 Senior/Sole Mgr 12/04/13 28.210 Bothell City-Washington WA Ltd Tax General Obligation Bonds Series 2014 Senior/Sole Mgr 12/04/13 28.175 Lincoln W Haymarket Jt Pub Agcy NE General Obligation Facility Bonds Series 2013 Senior/Sole Mgr 12/04/13 63.785 Los Angeles Co Metro Trans Auth CA Sales Tax Revenue Ref Sr Bonds Series 2013 C Senior/Sole Mgr 12/04/13 81.717 Virginia Housing Dev Auth (VHDA) VA Commonwealth Mortgage Bonds 2013 Series D Senior/Sole Mgr 12/06/13 33.185 Fort Bend Co (Lamar) CISD TX Unlimited Tax Refunding Bonds Series 2013 A Senior/Sole Mgr 12/10/13 0.488 Mount Arlington Boro-New Jersey NJ BANs Senior/Sole Mgr 12/16/13 55.480 Montana Bd of Regents of Higher Ed MT Facilities Improvement Rev Bonds Series A 2013 Senior/Sole Mgr 12/17/13 23.065 Miami-Dade Co-Florida FL Special Oblig Court Facs Bonds Series 2014 B Senior/Sole Mgr 12/19/13 26.400 Walker Co-Georgia GA General Obligation Bonds Senior/Sole Mgr 01/13/14 5.205 Hendersonville Utility Dt TN Water and Sewer Ref Bonds Series 2014 Senior/Sole Mgr 01/13/14 76.920 Montgomery Co (Conroe) ISD TX Unlimited Tax Sch Bldg&Ref Bonds Series 2014 Senior/Sole Mgr 01/14/14 86.350 Johnson Co Water Dt #1 KS Water Revenue Bonds Series 2014 Senior/Sole Mgr 01/16/14 287.920 Jacksonville Electric Authority FL Electric System & Sub Rev Bonds Series Three & 2014A Senior/Sole Mgr 01/17/14 19.500 Greensboro City-North Carolina NC GO Refunding Bonds Series 2014 Senior/Sole Mgr 01/22/14 44.850 El Paso Co (Socorro) ISD TX Unlimited Tax Refunding Bonds Senior/Sole Mgr 01/22/14 87.880 Washington WA General Obligation Bonds Series 2014 T-2 Senior/Sole Mgr 01/23/14 8.876 Cranford Twp-New Jersey NJ GO & Swim Pool Utility BANs Senior/Sole Mgr 01/23/14 26.725 Dallas Co (Garland) ISD TX Unlimited Tax Refunding Bonds Senior/Sole Mgr 01/23/14 6.940 Linn Co (Linn-Mar) CSD IA Sch Infra Sales Svc&Tax Ref Bonds Series 2014 B Senior/Sole Mgr 01/27/14 10.000 Dunn Co (Menomonie) ASD WI GO School Improvement Bonds Senior/Sole Mgr 01/28/14 3.800 Midland City-Texas TX GO Refunding Bonds Series 2014 Senior/Sole Mgr 01/28/14 26.180 Midland City-Texas TX Tax & Ltd Pledge Rev Cert Oblig Series 2014 Senior/Sole Mgr 01/28/14 99.295 Regional Transportation Auth IL General Obligation Bonds Series 2014 A Senior/Sole Mgr 01/28/14 53.685 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2014 A Senior/Sole Mgr 01/29/14 200.000 Virginia Commonwealth Univ Hlth Sys VA General Revenue Bonds Series 2014 A Senior/Sole Mgr 01/30/14 140.000 Baltimore Co-Maryland MD GO Consol Public Imp Bonds 2014 Series Senior/Sole Mgr 02/04/14 25.140 Fall River City-Massachusetts MA General Obligation BANs Senior/Sole Mgr 02/05/14 17.845 Univ of Illinois Bd of Trustees IL Auxiliary Facs System Rev Bonds Series 2014 B Senior/Sole Mgr 02/05/14 159.985 Univ of Illinois Bd of Trustees IL Auxiliary Facs System Rev Bonds Series 2014 A Senior/Sole Mgr 02/06/14 7.190 Orange Co (Montgomery Vlly) CSD NY GO School District Serial Bonds Series 2014 Senior/Sole Mgr 02/10/14 27.770 Kaufman Co-Texas TX Unlimited Tax Road Bonds Series 2014 Senior/Sole Mgr 02/11/14 19.000 Johnston Co-North Carolina NC GO Public Improvement Bonds Series 2014 Senior/Sole Mgr 02/11/14 149.275 Louisiana LA General Obligation Bonds Series 2014 B Senior/Sole Mgr 02/11/14 4.766 Nash Co Central Nash Wtr & Swr Dt NC GO Water BANs Senior/Sole Mgr 02/12/14 17.400 Myrtle Beach City-South Carolina SC Limited Obligation Bonds Series 2014 A Senior/Sole Mgr 02/12/14 44.515 Myrtle Beach City-South Carolina SC Limited Obligation Bonds Series 2014 B Senior/Sole Mgr 02/12/14 43.470 Polk Co SD FL Sales Tax Revenue Ref Bonds Series 2014 Senior/Sole Mgr 02/13/14 16.180 Tarrant Co (Arlington) ISD TX Unlimited Tax Sch Building Bonds Series 2014 Senior/Sole Mgr 02/14/14 17.695 Alpharetta City-Georgia GA GO Refunding Bonds Series 2014 Senior/Sole Mgr 02/14/14 61.905 Minneapolis City-Minnesota MN General Obligation Bonds Series 2014 Senior/Sole Mgr 02/18/14 6.560 Olmstead Co (Rochester) ISD #535 MN Certificates of Participation Series 2014 A Senior/Sole Mgr 02/19/14 50.145 Bell Co Water Ctl Imp Dt #1 TX Water System Revenue Bonds Series 2014 Senior/Sole Mgr 02/20/14 14.160 East Bay MUD CA Wastewater System GO Ref Bonds Series G Senior/Sole Mgr 02/20/14 9.565 Isanti Co (Cambridge) ISD #911 MN GO School Building Bonds Series 2014 A Senior/Sole Mgr 02/20/14 200.000 Port of Morrow-Oregon OR Short Term Note Senior/Sole Mgr 02/26/14 86.020 Nevada NV Highway Revenue Bonds Series 2014 Senior/Sole Mgr 02/27/14 225.000 Delaware DE General Obligation Bonds Series 2014 Senior/Sole Mgr 03/05/14 17.775 Harris Co (Tomball) ISD TX Unltd Tax School Building Bonds Series 2014 A Senior/Sole Mgr 03/07/14 45.650 Tarrant Co (Keller) ISD TX Unlimited Tax Refunding Bonds Series 2014 Senior/Sole Mgr 03/11/14 16.000 Naugatuck Boro-Connecticut CT General Obligation BANs Senior/Sole Mgr 03/11/14 58.745 Univ of North Carolina-Charlotte NC General Revenue Bonds Series 2014 Senior/Sole Mgr 03/13/14 39.775 Charlotte City-North Carolina NC Certificates of Participation Series 2014 A Senior/Sole Mgr 03/13/14 432.630 Chicago City-Illinois IL GO Project & Refunding Bonds Series 2014 A Senior/Sole Mgr 03/13/14 450.790 Chicago City-Illinois IL GO Project & Refunding Bonds Series 2014 B Senior/Sole Mgr 03/18/14 52.465 Univ of No Colorado Bd of Trust CO Institutional Ent Rev Ref Bonds Series 2014 A Senior/Sole Mgr 03/18/14 48.300 Worcester Co-Maryland MD Consolidated Public Imp Bonds 2014 Series Senior/Sole Mgr 03/19/14 55.600 M-S-R Public Power Agency CA Subordinate Lien Revenue Bonds Series 2014 Q Senior/Sole Mgr 03/20/14 19.955 Semitropic Improvement Dt CA Second Lien Revenue Bonds 2014 Series A Senior/Sole Mgr 03/26/14 794.710 California St Public Works Board CA Lease Revenue Bonds 2014 Series A Senior/Sole Mgr 03/26/14 14.795 Chesapeake City-Virginia VA GO Public Improvement Ref Bonds Series 2014 A Senior/Sole Mgr 03/26/14 23.285 Chesapeake City-Virginia VA GO Water & Sewer Refunding Bonds Series 2014 B Senior/Sole Mgr 04/01/14 16.400 Seattle City-Washington WA Unlimited Tax GO Imp Bonds Series 2014 Senior/Sole Mgr 04/01/14 259.135 Univ of Texas Sys Bd of Regents TX Revenue Financing System Bonds Series 2014 A Senior/Sole Mgr 04/02/14 40.000 El Paso City-Texas TX Com Tax & Airport Certs of Oblig Series 2014 Senior/Sole Mgr 04/03/14 411.210 Regents of the Univ of California CA General Revenue Bonds 2014 Series AN Senior/Sole Mgr 04/03/14 559.150 Regents of the Univ of California CA General Revenue Bonds 2014 Series AM Senior/Sole Mgr 04/08/14 9.760 Fargo City Park Dt ND Refunding Imrovement Bonds Series 2014 A Senior/Sole Mgr 04/08/14 92.940 University of Connecticut CT GO Refunding Bonds 2014 Series A Senior/Sole Mgr 04/08/14 109.050 University of Connecticut CT General Obligation Bonds 2014 Series A Senior/Sole Mgr 04/09/14 130.605 Harris Co Metro Trans Auth TX Sales & Use Tax Contractual Oblig Series 2014 Senior/Sole Mgr 04/09/14 28.375 St Paul City-Minnesota MN Street Imp Special Assess Bonds Series 2014 B Senior/Sole Mgr 04/09/14 14.830 St Paul Public Library Agency MN GO Library Bonds Series 2014 C Senior/Sole Mgr 04/10/14 10.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec Series G2-2014 AI Senior/Sole Mgr 04/11/14 131.105 Charlotte City-North Carolina NC GO Refunding Bonds Series 2014 A Senior/Sole Mgr 04/11/14 500.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2014 B Senior/Sole Mgr 04/14/14 1.879 Wisconsin Public Finance Auth WI Educational Fac Rev Ref Bonds Series 2014 B Senior/Sole Mgr 04/14/14 3.906 Wisconsin Public Finance Auth WI Educational Fac Rev Ref Bonds Series 2014 A Senior/Sole Mgr 04/21/14 25.310 Albuquerque City-New Mexico NM General Purpose Bonds Series 2014 A Senior/Sole Mgr 04/21/14 37.125 Albuquerque City-New Mexico NM GO Storm Sewer & Gen Purp Bonds Series 2014 A & B Senior/Sole Mgr 04/21/14 8.165 Beloit City-Wisconsin WI GO Corporate Purpose Bonds Series 2014 B Senior/Sole Mgr 04/22/14 175.000 California CA Various Purpose GO Bonds Senior/Sole Mgr 04/22/14 575.000 California CA Various Purpose GO Bonds Senior/Sole Mgr 04/23/14 4.270 Dane Co (Monona Grove) SD WI GO Refunding Bonds Series 2014 B Senior/Sole Mgr 04/24/14 37.640 High Point City-North Carolina NC Combined Enterprise Sys Rev Bonds Series 2014 Senior/Sole Mgr 04/25/14 750.000 Illinois IL General Obligation Bonds Series of May 2014 Senior/Sole Mgr 04/25/14 9.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec Series G2-2014 B1 Senior/Sole Mgr 04/30/14 124.115 California Educational Facs Auth CA Revenue Bonds Series U-5 Senior/Sole Mgr 05/05/14 21.000 Idaho Housing & Fin Assoc ID Home Ownership Mtg Rev Bonds Series G2 2014 A1 Senior/Sole Mgr 05/06/14 0.565 Califon Boro-New Jersey NJ BANs Senior/Sole Mgr 05/06/14 2.947 Goldston Town-North Carolina NC General Obligation Sewer BANs Senior/Sole Mgr 05/06/14 7.070 Hill Co (Hillsboro) ISD TX Unlimited Tax Refunding Bonds Series 2014 Senior/Sole Mgr 05/08/14 26.195 Buncombe Co Metro Sewerage Dt NC Sewerage System Rev Bonds Series 2014 Senior/Sole Mgr 05/08/14 6.744 Holmdel Twp-New Jersey NJ General Obligation BANs Senior/Sole Mgr 05/12/14 9.400 Mesquite City-Nevada NV GO Medium-Term Redev Ref Bonds Series 2014 Senior/Sole Mgr 05/13/14 63.756 Lakeland City-Florida FL Electric & Water Revenue Bonds Series 2014 Senior/Sole Mgr 05/14/14 26.000 St Louis Municipal Finance Corp MO City Parks Leasehold Imp Bonds Series 2014 Senior/Sole Mgr 05/19/14 128.315 East Bay MUD CA Water System Rev Ref Bonds Series 2014 A Senior/Sole Mgr 05/20/14 67.365 Univ of Massachusetts Bldg Au MA Refunding Revenue Bonds Series 2014-3 Senior/Sole Mgr 05/21/14 133.550 Kansas Development Fin Auth KS Revenue Bonds Series 2014 D-1 & 2 Senior/Sole Mgr 05/27/14 5.065 Dakota Co (Lakeville) ISD #194 MN GO Alternative Facilities Bonds Series 2014 A Senior/Sole Mgr 05/28/14 75.000 Michigan Finance Authority MI Local Government Loan Prog Bonds Series 2014 A Senior/Sole Mgr 05/28/14 27.500 New Jersey Hsg & Mtg Fin Agency NJ Multi-Family Conduit Rev Bonds Series 2014 E Senior/Sole Mgr 06/02/14 9.710 Polk Co (Ankeny) CSD IA GO School Bonds Series 2014 Senior/Sole Mgr 06/02/14 10.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec Series G2-2014 C1 Senior/Sole Mgr 06/03/14 20.445 Knox Co (Galesburg) CUSD #205 IL GO School & Alt Rev Source Bonds Series 2014 A & B Senior/Sole Mgr 06/03/14 10.000 Utah Housing Corporation (UHC) UT Homes Bonds Series G2-2014 D1 Senior/Sole Mgr 06/04/14 27.500 Iowa State Board of Regents IA Academic Building Revenue Bonds Series S U I 2014 Senior/Sole Mgr 06/04/14 22.530 Multnomah Co-Oregon OR Full Faith & Credit Ref Oblig Series 2014 Senior/Sole Mgr 06/05/14 200.000 Kern Co-California CA TRANs Series 2014-15 Senior/Sole Mgr 06/10/14 20.000 Tucson City-Arizona AZ General Obligation Bonds Series 2012-B (2014) Senior/Sole Mgr 06/11/14 8.135 Boulder Co-Colorado CO Revenue Bonds Series 2014 Senior/Sole Mgr 06/11/14 8.000 Colorado Ed and Culture Fac Auth CO Revenue Bonds Series 2014 Senior/Sole Mgr 06/11/14 130.095 Pima Co Reg Transportation Auth AZ Transport Excise Tax Rev Bonds Series 2014 Senior/Sole Mgr 06/12/14 22.385 Dover City-New Hampshire NH General Obligation Bonds 2014 Series A Senior/Sole Mgr 06/12/14 24.415 Nebraska Public Power Dt NE General Revenue Bonds 2014 Series B Senior/Sole Mgr 06/12/14 195.175 Nebraska Public Power Dt NE General Revenue Bonds 2014 Series A Senior/Sole Mgr 06/12/14 9.945 Ward Co (Minot) PSD #1 ND GO School Building Bonds Series 2014 Senior/Sole Mgr 06/17/14 46.660 Calleguas Municipal Water Dt CA Water Revenue Refunding Bonds Series 2014 A Senior/Sole Mgr 06/17/14 329.250 Georgia GA General Obligation Bonds Series 2014 A Senior/Sole Mgr 06/20/14 11.495 Dover City-New Hampshire NH General Obligation Bonds 2014 Series B Senior/Sole Mgr 06/23/14 8.690 Verona City-Wisconsin WI GO Corporate Purpose Bonds Series 2014 A Senior/Sole Mgr 06/24/14 87.690 Webb Co (United) ISD TX Unlimited Tax Sch Building Bonds Series 2014 Senior/Sole Mgr 06/26/14 378.510 Sacramento Co Sanit Dt Fin Au CA Revenue Bonds Series 2014 A Senior/Sole Mgr 06/30/14 71.780 Oregon Facilities Authority OR Refunding Revenue Bonds Series 2014 A Senior/Sole Mgr 07/01/14 198.750 Los Angeles Dept of Wtr & Power CA Power System Revenue Bonds 2014 Series C Senior/Sole Mgr 07/01/14 6.133 Vance Co Water Dt NC General Obligation Water BANs Senior/Sole Mgr 07/02/14 13.000 Utah Housing Corporation (UHC) UT Home Owner Mtg Backed Series 2014 E (G2) Senior/Sole Mgr 07/10/14 43.185 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2014 A Senior/Sole Mgr 07/15/14 27.990 Winston-Salem State University NC Refunding Ltd Obligation Bonds Series 2014 Senior/Sole Mgr 07/17/14 87.915 Laredo Comm College Dt TX Limited Tax Bonds Series 2014 Senior/Sole Mgr 07/22/14 225.000 Harris Co-Texas TX TANs Series 2014 Senior/Sole Mgr 07/22/14 158.105 Utah Co-Utah UT Hospital Revenue Bonds Series 2014 A Senior/Sole Mgr 07/24/14 187.085 Alabama AL GO Refunding Bonds Series 2014 A Senior/Sole Mgr 07/24/14 90.000 Frisco City-Texas TX Comb Tax & Surplus Rev Cert Ob Series 2014 A Senior/Sole Mgr 07/24/14 25.000 Frisco Economic Development Corp TX Sales Tax Revenue Bonds Series 2014 Senior/Sole Mgr 07/29/14 150.000 Missouri Hlth & Ed Facs Authority MO Educational Facilities Rev Bonds Series 2014 A Senior/Sole Mgr 07/29/14 73.510 Montgomery Co-Texas TX Limited Tax Refunding Bonds Series 2014 A Senior/Sole Mgr 07/31/14 54.815 Travis Co (Austin) ISD TX Unlimited Tax Refunding Bonds Series 2014 A Senior/Sole Mgr 07/31/14 89.595 Travis Co (Austin) ISD TX Unlimited Tax Refunding Bonds Series 2014 B Senior/Sole Mgr 08/05/14 20.000 Idaho Housing & Fin Assoc ID Home Ownership Mtg-Backed Bonds G2 2014 B1 Series Senior/Sole Mgr 08/05/14 80.100 Minnesota MN Certificates of Participation Series 2014 Senior/Sole Mgr 08/06/14 9.755 Beaumont City-Texas TX Wtrwks & Swr Sys Rev & Ref Bonds Series 2014 B Senior/Sole Mgr 08/06/14 69.300 Beaumont City-Texas TX Wtrwks & Swr Sys Rev & Ref Bonds Series 2014 A Senior/Sole Mgr 08/07/14 111.565 Charleston Ed Excellence Fin Corp SC Install Purchase Rev Ref Bonds Series 2014 Senior/Sole Mgr 08/08/14 348.910 Metropolitan Transport Auth (MTA) NY Special Obligation Ref Bonds Series 2014 Senior/Sole Mgr 08/11/14 5.900 Ramsey Co (White Bear Lake) ISD #624 MN GO Alternative Facilities Bonds Series 2014 A Senior/Sole Mgr 08/13/14 13.810 Frisco City-Texas TX Comb Tax & Rev Certs of Oblig Series 2014 Senior/Sole Mgr 08/13/14 40.405 Frisco City-Texas TX GO Refunding & Improvement Bonds Series 2014 Senior/Sole Mgr 08/13/14 24.000 Utah Housing Corporation (UHC) UT Home Ownership Securities Homes Series G2 2014 F Senior/Sole Mgr 08/14/14 19.080 West Virginia Hospital Fin Auth WV Hospital Revenue Ref Bonds Series 2014 Senior/Sole Mgr 08/14/14 43.135 Winchester Econ Dev Au VA Hospital Revenue Refunding Bonds Series 2014 A Senior/Sole Mgr 08/15/14 72.340 Lee Co School Board FL Certificates of Participation Series 2014 A Senior/Sole Mgr 08/15/14 55.885 SE Overtown/Park West Comm Redev Agency FL Tax Increment Revenue Bonds Series 2014 A 1-2 Senior/Sole Mgr 08/19/14 29.040 Pembroke Pines City-Florida FL Public Improvement Rev Ref Bonds Series 2014 Senior/Sole Mgr 08/20/14 9.100 West Haven City-Connecticut CT General Obligation Bonds Issue of 2014 Ser B Senior/Sole Mgr 08/20/14 38.715 West Haven City-Connecticut CT General Obligation Bonds Issue of 2014 Ser A Senior/Sole Mgr 08/21/14 36.926 Clark Co-Nevada NV GO Transportation Refunding Bonds Series 2014 A & B Senior/Sole Mgr 08/26/14 5,400.000 Texas TX TRANs Series 2014 Senior/Sole Mgr 08/27/14 29.735 Virginia Public Building Auth VA Public Facs Revenue Bonds Series 2014B Senior/Sole Mgr 08/28/14 59.275 St Michael-Albertville ISD #885 MN GO School Bldg Refunding Bonds Series 2014 A Senior/Sole Mgr 09/03/14 42.155 Indiana Finance Authority IN Educational Facilities Rev Bonds Series 2014 Senior/Sole Mgr 09/03/14 44.890 Los Angeles Harbor Dept CA Revenue Bonds 2014 Series C Senior/Sole Mgr 09/03/14 89.105 Los Angeles Harbor Dept CA Refunding Revenue Bonds 2014 Series B Senior/Sole Mgr 09/03/14 203.280 Los Angeles Harbor Dept CA Revenue & Refunding Rev Bonds 2014 Series A Senior/Sole Mgr 09/10/14 2,800.000 California CA RANs Series 2014-15 Senior/Sole Mgr 09/10/14 80.170 Douglas Co Hosp Auth #2 NE Hospital Revenue Bonds Series 2014 Senior/Sole Mgr 09/10/14 78.370 Greenville Co SD SC General Obligation Bonds Series 2014 C Senior/Sole Mgr 09/10/14 288.675 Pennsylvania Turnpike Commission PA Special Obligation Bonds Series 2014 Senior/Sole Mgr 09/10/14 20.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg-backed Sec Series G2-2014 G Senior/Sole Mgr 09/15/14 5.405 Germantown Village-Wisconsin WI GO Community Develeopment Bonds Series 2014 B Senior/Sole Mgr 09/16/14 70.095 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2014 Series C-1-C&E Senior/Sole Mgr 09/16/14 53.860 Ohio Higher Ed Fac Commission OH Revenue Bonds Series 2014 A&B Senior/Sole Mgr 09/16/14 10.285 Wichita City-Kansas KS GO Temporary Notes Series 253 Senior/Sole Mgr 09/16/14 80.550 Wichita City-Kansas KS GO Temporary Notes Series 268 Senior/Sole Mgr 09/16/14 94.435 Wichita City-Kansas KS GO Temporary Notes Series 270 Senior/Sole Mgr 09/18/14 60.955 California CA Veterans General Obligation Bonds Series CJ Senior/Sole Mgr 09/18/14 180.970 Georgia Priv College & Univ Auth GA Revenue Bonds Series 2014 Senior/Sole Mgr 09/19/14 62.310 Brevard Co School Board FL Ref Certificates of Participation Series 2014 Senior/Sole Mgr 09/23/14 300.000 California CA GO Various Purpose Bonds Senior/Sole Mgr 09/23/14 1,869.640 California CA GO Various Purpose & Ref Bonds Senior/Sole Mgr 09/23/14 1,200.000 Massachusetts MA General Obligation RANs 2014 Series A B & C Senior/Sole Mgr 09/25/14 24.450 Greensboro City-North Carolina NC Limited Obligation Bonds Series 2014 Senior/Sole Mgr 09/25/14 265.600 Univ of North Carolina Bd of Gov NC General Revenue Refunding Bonds Series 2014 Senior/Sole Mgr 09/30/14 214.540 Chandler City-Arizona AZ GO Refunding Bonds Series 2014 Senior/Sole Mgr 09/30/14 11.820 Colorado Health Facilities Auth CO Revenue Refunding Bonds Series 2014 Senior/Sole Mgr 09/30/14 24.490 Richmond Co Development Auth GA Revenue Refunding Bonds Series 2014 Senior/Sole Mgr 10/01/14 12.180 Harris Co (Deer Park) ISD TX Limited Tax Refunding Bonds Series 2014 Senior/Sole Mgr 10/01/14 109.750 Maine Municipal Bond Bank ME Revenue & Refunding Bonds 2014 Series B & C Senior/Sole Mgr 10/02/14 8.810 Hays Co (Wimberley) ISD TX Unlimited Tax Refunding Bonds Series 2014 Senior/Sole Mgr 10/02/14 93.500 Shreveport City-Louisiana LA General Obligation Bonds Series 2014 Senior/Sole Mgr 10/06/14 34.215 Garland City-Texas TX GO Refunding Bonds Series 2014 A Senior/Sole Mgr 10/06/14 4.595 Minnetrista City-Minnesota MN GO Capital Improvement Plan Bonds Series 2014 B Senior/Sole Mgr 10/07/14 61.185 Newberry Investing In Children's Ed SC Installment Purchase Ref Bonds Series 2014 Senior/Sole Mgr 10/07/14 250.000 Port Authority of NY & NJ NY Consolidated Bonds Series 187 Senior/Sole Mgr 10/07/14 400.000 Port Authority of NY & NJ NY Consolidated Bonds Series 186 Senior/Sole Mgr 10/08/14 27.255 Los Angeles Co (Las Virgenes) USD CA GO Refunding Bonds 2014 Series Senior/Sole Mgr 10/08/14 18.000 Winston-Salem City-North Carolina NC Equipment Lease Agreement Senior/Sole Mgr 10/09/14 101.815 Charlotte City-North Carolina NC Storm Water Fee Rev & Ref Bonds Series 2014 Senior/Sole Mgr 10/09/14 20.625 Florida Governmental Utility Authority FL Utility Ref Rev Bonds Series 2014 Senior/Sole Mgr 10/14/14 1.446 Landis-North Carolina NC Wasterwater BANs Senior/Sole Mgr 10/16/14 50.000 Suffolk Co Water Authority NY Water System Revenue Bonds Series 2014 B Senior/Sole Mgr 10/16/14 21.565 Sugar Land City-Texas TX GO Refunding Bonds Series 2014 Senior/Sole Mgr 10/16/14 27.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec Series 2014 H Senior/Sole Mgr 10/21/14 28.160 Birmingham City-Alabama AL GO Refunding Bonds Series 2014 C & D Senior/Sole Mgr 10/21/14 236.170 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2014 Senior/Sole Mgr 10/22/14 85.590 Birmingham City-Alabama AL GO Refunding Bonds & Warrants Series 2014 A & B Senior/Sole Mgr 10/22/14 9.025 Richmond Co Development Auth GA Revenue Refunding Bonds Series 2014 Senior/Sole Mgr 10/22/14 265.210 Seattle City-Washington WA Light & Power Imp & Ref Rev Bonds 2014 Series Senior/Sole Mgr 10/23/14 25.925 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 174 Senior/Sole Mgr 10/23/14 66.495 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 172 & 173 Senior/Sole Mgr 10/23/14 271.825 Michigan Finance Authority MI Local Gov Loan Prog Rev Bonds Series 2014 H-1 Senior/Sole Mgr 10/27/14 7.500 Winnebago Co (Menasha) JSD WI GO School Improvement Bonds Series 2014 Senior/Sole Mgr 10/28/14 0.822 Pine Beach Boro-New Jersey NJ BANs Senior/Sole Mgr 10/29/14 180.575 Anchorage City-Alaska AK Sr Lien Electric Rev Ref Bonds 2014 Series A Senior/Sole Mgr 10/30/14 400.000 Illinois State Toll Highway Auth IL Toll Highway Senior Revenue Bonds 2014 Series C Senior/Sole Mgr 11/04/14 100.000 Cerritos Community College Dt CA General Obligation Bonds Series 2014 A Senior/Sole Mgr 11/04/14 21.210 Univ of North Carolina Bd of Gov NC General Revenue Ref Bonds Series 2014 C Senior/Sole Mgr 11/05/14 127.305 Maryland Hlth & Hghr Ed Facs Au MD Refunding Revenue Bonds Series 2014 Senior/Sole Mgr 11/05/14 299.020 North Carolina NC Limited Oblig Refunding Bonds Series 2014 C Senior/Sole Mgr 11/06/14 16.180 North Charleston Sewer Dt SC Revenue Bonds Series 2014 Senior/Sole Mgr 11/12/14 54.255 College of Charleston SC Acad & Admin Facs Revenue Bonds Series 2014 A Senior/Sole Mgr 11/12/14 94.910 Harris Co (Spring Branch) ISD TX Schoolhouse & Refunding Bonds Series 2014 A & B Senior/Sole Mgr 11/12/14 192.605 Missouri Jt Muni Elec Util Comm MO Power Proj Revenue Ref Bonds Series 2014 A Senior/Sole Mgr 11/12/14 12.005 Osceola Co School Board FL Certificates of Participation Series 2014 A Senior/Sole Mgr 11/12/14 20.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec Series 2014 I Senior/Sole Mgr 11/13/14 47.375 Loudoun Co-Virginia VA GO Public Improvement Bonds Series 2014 B Senior/Sole Mgr 11/13/14 14.610 Madison Boro-New Jersey NJ General Improvement Ref Bonds Series 2014 Senior/Sole Mgr 11/19/14 53.245 Vermont VT General Obligation Bonds 2014 Series B Senior/Sole Mgr 11/20/14 400.605 Baltimore Mayor & City Council MD Subordinate Revenue & Ref Bonds Series 2014 A - E Senior/Sole Mgr 11/20/14 92.660 Missouri Development Fin Board MO Annual Appropriation Bonds Series 2014 Senior/Sole Mgr 11/20/14 33.255 Texas Southmost College Dt TX Ltd & Maintenance Tax Ref Bonds Series 2014 A & B Senior/Sole Mgr 11/21/14 15.695 Orange Water & Sewer Authority NC Water & Sewer Rev Ref Bonds Series 2014 Senior/Sole Mgr 11/24/14 8.265 Greenwood City-South Carolina SC Combined Pub Util Sys Rev Bonds Series 2014 Senior/Sole Mgr 12/01/14 9.850 Clark Co (Black River Falls) SD WI GO School Improvement Bonds Senior/Sole Mgr 12/01/14 20.545 Laredo City-Texas TX Sports Venue Sales Tax Ref Bonds Series 2014 Senior/Sole Mgr 12/02/14 152.120 Fort Bend Co (Katy) ISD TX Unlimited &Ltd Tax Ref Bonds Series 2014 A & B Senior/Sole Mgr 12/02/14 77.700 NYS Dorm Authority NY Revenue Bonds Series 2014 Senior/Sole Mgr 12/03/14 0.881 Frelinghuysen Twp-New Jersery NJ BANs Senior/Sole Mgr 12/03/14 135.715 Los Angeles Co Metro Trans Auth CA 1st Tr Sr Sales Tax Rev Ref Bonds Series 2014 A Senior/Sole Mgr 12/03/14 162.225 Miami-Dade Co-Florida FL Aviation Revenue Refunding Bonds Series 2014 B Senior/Sole Mgr 12/03/14 598.915 Miami-Dade Co-Florida FL Aviation Revenue Refunding Bonds Series 2014 A Senior/Sole Mgr 12/03/14 1,580.160 Texas Transportation Commission TX GO Mobility Fund & Ref Bonds Series 2014 A Senior/Sole Mgr 12/03/14 84.545 University of Cincinnati OH General Receipts Bonds Series 2014 C & D Senior/Sole Mgr 12/04/14 10.811 Idaho Housing & Fin Assoc ID Home Ownership Mtg-backed Sec Series G2 2014-C Senior/Sole Mgr 12/08/14 36.000 Douglas Co (Lawrence) SD #497 KS General Obligation Bonds Series 2014 A Senior/Sole Mgr 12/09/14 8.175 Carrollton Payroll Dev Auth GA Refunding Revenue Antic Certs Series 2014 Senior/Sole Mgr 12/09/14 27.660 Carrollton Payroll Dev Auth GA Refunding Revenue Antic Certs Series 2014 Senior/Sole Mgr 12/09/14 41.240 Clemson University SC Athletics Facilities Rev Bonds Series 2014 A & C Senior/Sole Mgr 12/09/14 125.570 Hennepin Co (Minneapolis) SSD #1 MN Full Term Certs of Participation Series 2014 D Senior/Sole Mgr 12/09/14 163.885 Upper Occoquan Sewerage Auth VA Reg Sewerage System Rev Ref Bonds Series 2014 Senior/Sole Mgr 12/10/14 31.595 California Educational Facs Auth CA Refunding Revenue Bonds 2014 Series A Senior/Sole Mgr 12/10/14 529.365 Dallas City-Texas TX GO Refunding & Improvement Bonds Series 2014 Senior/Sole Mgr 12/10/14 22.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg Backed Sec 2014 Series J G2 Senior/Sole Mgr 12/11/14 29.225 Delaware Economic Dev Auth DE Revenue Bonds Series of 2014 Senior/Sole Mgr 12/12/14 9.195 Will Co-Illinois IL GO Ref Alt Rev Source Bonds Series 2014 Senior/Sole Mgr 12/16/14 303.550 Arizona Health Facs Authority AZ Revenue Bonds Series 2014 A Senior/Sole Mgr 12/16/14 10.000 Fond du Lac Co (Ripon) ASD WI GO School Building Bonds Senior/Sole Mgr 12/17/14 5.000 NYC Housing Dev Corp NY Multi-Family Rental Hsg Rev Bonds 2014 Series A-2 Senior/Sole Mgr 12/17/14 230.000 NYC Housing Dev Corp NY Multi-Family Rental Hsg Rev Bonds 2014 Series A-1 Senior/Sole Mgr 12/19/14 507.875 American Municipal Power Inc OH Refunding Revenue Bonds Series 2015 A Senior/Sole Mgr 12/29/14 4.320 Florence Town Inc Ind Dev Auth AZ Revenue Bonds Series 2014 Senior/Sole Mgr 01/06/15 49.990 Miami-Dade Co-Florida FL GO Refunding Bonds Series 2015 A Senior/Sole Mgr 01/07/15 72.395 Ohio Public Fac Commission OH Common Schools GO Ref Bonds Series 2015 A Senior/Sole Mgr 01/08/15 171.830 Shelby Co-Tennessee TN GO Refunding Bonds 2015 Series A Senior/Sole Mgr 01/09/15 117.310 NYS Dorm Authority NY Revenue Bonds Series 2014 Senior/Sole Mgr 01/12/15 4.780 Menasha City-Wisconsin WI Wtrwks Sys &Swg Sys Rev Ref Bonds Senior/Sole Mgr 01/13/15 18.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg-Backed Sec G2 Series 2015 A Senior/Sole Mgr 01/15/15 16.405 South Carolina Jobs Econ Dev Au SC Refunding Revenue Bonds Series 2015 Senior/Sole Mgr 01/20/15 10.000 Fond du Lac Co (Ripon) ASD WI GO School Building Bonds Senior/Sole Mgr 01/21/15 8.470 Douglas Co (Minnewaska) ISD #2149 MN GO School Building Bonds Series 2015 A Senior/Sole Mgr 01/21/15 29.935 Missouri Env Imp & Energy Res Au MO Water PC & Drinking Wtr Rev Bonds Series 2015 A Senior/Sole Mgr 01/21/15 58.120 Washington WA General Obligation Bonds Series 2015 T-2 Senior/Sole Mgr 01/21/15 133.055 Washington Health Care Facs Au WA Revenue & Refunding Revenue Bonds Series 2015 A & B Senior/Sole Mgr 01/21/15 134.295 Washington Health Care Facs Au WA Revenue & Refunding Revenue Bonds Series 2015 A & B Senior/Sole Mgr 01/22/15 303.235 San Antonio City-Texas TX Water Sys Jr Ln Rev & Ref Bonds Series 2015 B Senior/Sole Mgr 01/29/15 10.000 El Paso County 911 Dt TX Revenue Bonds Series 2015 Senior/Sole Mgr 01/29/15 233.825 Florida State BOE FL Public Educ Cap Outlay Ref Bonds 2015 Series A Senior/Sole Mgr 01/29/15 44.195 Lancaster Co Hospital Auth PA Health Center Revenue Bonds Series of 2015 Senior/Sole Mgr 01/30/15 150.000 Empire State Development Corp NY Certificates of Participation Senior/Sole Mgr 02/03/15 28.925 So California Pub Pwr Au (SCPPA) CA Transmission Proj Revenue Bonds 2015 Sub Series B Senior/Sole Mgr 02/03/15 84.640 So California Pub Pwr Au (SCPPA) CA Transmission Proj Revenue Bonds 2015 Sub Series A Senior/Sole Mgr 02/05/15 114.245 Omaha Public Power Dt (OPPD) NE Separate Electric Sys Rev Bonds 2015 Series A Senior/Sole Mgr 02/10/15 9.835 Cass Co (Fargo) PSD #1 ND Ltd Tax School Building Ref Bonds Series 2015 Senior/Sole Mgr 02/10/15 87.020 Coastal Carolina University SC Higher Education Revenue Bonds Series 2015 Senior/Sole Mgr 02/10/15 81.480 Somerset Co (Franklin) TSD BOE NJ School Bonds Senior/Sole Mgr 02/10/15 18.000 Utah Housing Corporation (UHC) UT Home Ownership Mtg-Backed Sec Series G2 2015 B Senior/Sole Mgr 02/19/15 35.135 Pitt Co-North Carolina NC Ltd Obligation Refunding Bonds Series 2015 Senior/Sole Mgr 02/19/15 160.415 Scottsdale City-Arizona AZ GO Refunding Bonds Series 2015 Senior/Sole Mgr 02/19/15 30.810 Tigard City-Oregon OR Water System Revenue Bonds Series 2015 Senior/Sole Mgr 02/23/15 26.795 Los Angeles Co (Glendora) USD CA GO Refunding Bonds 2015 Series Senior/Sole Mgr 02/23/15 59.095 Oak Creek-Franklin JSD WI GO School Building Bonds Series 2015 A Senior/Sole Mgr 02/23/15 3.655 Redwood Area Schools ISD #2897 MN GO School Building Bonds Series 2015 A Senior/Sole Mgr 02/23/15 12.655 St Gabriel City-Louisiana LA Sales Tax Revenue & Ref Bonds Series 2015 A & B Senior/Sole Mgr 02/24/15 200.000 Florida Municipal Power Agcy (FMPA) FL All Reqt Power Supply Proj Bonds Series 2015 A Senior/Sole Mgr 02/24/15 8.485 Kanabec Co-Minnesota MN GO Jail Crossover Refunding Bonds Series 2015 A Senior/Sole Mgr 02/24/15 100.000 Mecklenburg Co-North Carolina NC General Obligation School Bonds Series 2015 A Senior/Sole Mgr 02/24/15 721.485 Pennsylvania Econ Dev Fin Auth PA Private Activity Revenue Bonds Series 2015 Senior/Sole Mgr 02/25/15 32.425 Semitropic Improvement Dt CA Second Lien Revenue Bonds 2015 Series A Senior/Sole Mgr 02/25/15 28.285 Utah Housing Corporation (UHC) UT Single Family Mortgage Ref Bonds 2015 Series A Senior/Sole Mgr 02/27/15 785.795 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2015 Ser C & D Senior/Sole Mgr 02/27/15 73.885 North Carolina Medical Care Commiss NC Health System Revenue Ref Bonds Series 2015 Senior/Sole Mgr 03/03/15 18.100 Cameron Co-Texas TX Ltd Tax Refunding Bonds Series 2015 Senior/Sole Mgr 03/03/15 20.425 Ohio Higher Ed Fac Commission OH Revenue Bonds Series B Senior/Sole Mgr 03/03/15 49.775 Ohio Higher Ed Fac Commission OH Revenue Bonds Series A Senior/Sole Mgr 03/04/15 15.000 Arizona Board of Regents AZ Revenue Bonds Series 2015 C Senior/Sole Mgr 03/04/15 164.615 Arizona Board of Regents AZ Revenue & Refunding Bonds Series 2015 B Senior/Sole Mgr 03/04/15 182.645 Arizona Board of Regents AZ Revenue & Refunding Bonds Series 2015 A Senior/Sole Mgr 03/04/15 146.960 Indiana University IN Consolidated Revenue Bonds Series 2015 A Senior/Sole Mgr 03/04/15 0.457 Manasquan Borough-New Jersey NJ Special Emergency Note Senior/Sole Mgr 03/04/15 38.995 Romeoville Village-Illinois IL Revenue Bonds Series 2015 Senior/Sole Mgr 03/04/15 86.995 Univ of Virginia Rector & Visitors VA General Revenue Pledge Ref Bonds Series 2015 A-1 Senior/Sole Mgr 03/04/15 97.735 Univ of Virginia Rector & Visitors VA General Revenue Pledge Ref Bonds Series 2015 A-2 Senior/Sole Mgr 03/04/15 8.090 Upper Allen Twp-Pennsylvania PA General Obligation Bonds Series of 2015 Senior/Sole Mgr 03/05/15 77.245 Lubbock Co (Lubbock-Cooper) ISD TX Unlimited Tax Refunding Bonds Series 2015 Senior/Sole Mgr 03/05/15 4.600 San Carlos-California CA GO Refunding Bonds Series 2015 Senior/Sole Mgr 03/10/15 66.750 California Municipal Fin Auth CA Refunding Revenue Bonds Series 2015 B Senior/Sole Mgr 03/10/15 66.740 Hartford Co Metropolitan Dt CT General Obligation Bonds Issue of 2015 Senior/Sole Mgr 03/10/15 50.485 Henrico Co-Virginia VA GO Public Improvement Ref Bonds Series 2015 Senior/Sole Mgr 03/11/15 17.165 Will Co-Illinois IL GO Alt Rev Source Ref Bonds Series 2015 A Senior/Sole Mgr 03/12/15 18.000 Merrimack Co-New Hampshire NH TANs 2015 Series Senior/Sole Mgr 03/16/15 24.287 East Brunswick Twp-New Jersey NJ BANs Senior/Sole Mgr 03/16/15 13.000 Utah Housing Corporation (UHC) UT Home Ownership Bonds Series 2015 C (G2) Senior/Sole Mgr 03/17/15 9.995 Coon Rapids City-Minnesota MN General Obligation Bonds Series 2015 A Senior/Sole Mgr 03/17/15 180.430 Galveston Co (Clear Creek) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2015 A & B Senior/Sole Mgr 03/17/15 8.140 Grayson Co Public Prop Corp KY Lease Rev Refunding Bonds Series 2015 Senior/Sole Mgr 03/17/15 245.315 Texas Tech Univ Board of Regents TX Rev Financing Sys Ref & Imp Bonds 17th Series 2015 B Senior/Sole Mgr 03/18/15 39.320 Lexington One School Facs Corp SC Install Purchase Rev Ref Bonds Series 2015 Senior/Sole Mgr 03/19/15 44.320 St Louis Co (Duluth) ISD #709 MN GO Refunding Bonds Series 2015 B Senior/Sole Mgr 03/24/15 6.275 Cleveland City-Ohio OH Subordinate Lien Income Tax Bonds Series 2015 A-4 Senior/Sole Mgr 03/24/15 38.900 Cleveland City-Ohio OH Subordinate Lien Income Tax Bonds Series 2015 A-2 Senior/Sole Mgr 03/24/15 40.930 Cleveland City-Ohio OH Subordinate Lien Income Tax Bonds Series 2015 A- 1 & 3 Senior/Sole Mgr 03/24/15 6.200 Iowa Co (Williamsburg) CSD IA GO Refunding School Bonds Series 2015 A Senior/Sole Mgr 03/24/15 154.905 South Broward Hospital Dt FL Hospital & Refunding Rev Bonds Series 2015 Senior/Sole Mgr 03/25/15 106.910 Univ of Virginia Rector & Visitors VA General Rev Pledge Ref Bonds Series 2015 B Senior/Sole Mgr 03/26/15 5.290 Kern Delta Water Dt CA Water Revenue Refunding Bonds Series 2015 A Senior/Sole Mgr 03/26/15 45.320 Mecklenburg Co-North Carolina NC Limited Oblig Refunding Bonds Series 2015 B Senior/Sole Mgr 03/26/15 74.705 Mecklenburg Co-North Carolina NC Limited Oblig Refunding Bonds Series 2015 A Senior/Sole Mgr 03/26/15 45.965 Wichita City-Kansas KS GO Refunding Bonds Series 2015 A Senior/Sole Mgr 03/31/15 32.020 Des Moines Metro Wstwtr Rec Au IA Sewer Revenue Refunding Bonds Series 2015 E Senior/Sole Mgr 03/31/15 50.060 Johnston Co-North Carolina NC GO Refunding Bonds Series 2015 Senior/Sole Mgr 03/31/15 30.015 Utah State Bldg Ownership Auth UT Lease Revenue Refunding Bonds Series 2015 Senior/Sole Mgr 04/01/15 12.605 Florida Governmental Utility Authority FL Utility Refunding Revenue Bonds Series 2015 Senior/Sole Mgr 04/01/15 102.490 Lubbock City-Texas TX Tax Wtr Sys Rev Certs of Oblig Series 2015 Senior/Sole Mgr 04/01/15 129.665 Lubbock City-Texas TX GO Refunding Bonds Series 2015 Senior/Sole Mgr 04/01/15 91.485 Manatee Co-Florida FL Public Util Rev Ref & Imp Bonds Series 2015 Senior/Sole Mgr 04/01/15 32.040 Virginia College Building Auth VA Educational Facs Revenue Bonds Series 2015 A Senior/Sole Mgr 04/02/15 145.445 Texas A&M University System TX Permanent University Fund Bonds Series 2015 B Senior/Sole Mgr 04/06/15 7.805 Fontana-On-Geneva Lake Vill-Wisconsin WI GO Coporate Purpose Bonds Series 2015 A Senior/Sole Mgr 04/07/15 10.000 Idaho Housing & Fin Assoc ID Home Owner Mtg-backed Exempt Secs Senior/Sole Mgr 04/07/15 129.825 Knoxville City-Tennessee TN Wastewater Sys Rev Ref Bonds Series 2015 A Senior/Sole Mgr 04/08/15 231.360 North Carolina NC General Obligation Bonds Series 2015 A Senior/Sole Mgr 04/09/15 8.000 Andrews City-Texas TX Comb Tax and Rev Certs of Oblig Series 2015 Senior/Sole Mgr 04/09/15 59.790 Kansas City-Missouri MO Water Revenue Bonds Series 2015 A Senior/Sole Mgr 04/14/15 25.192 Utah Housing Corporation (UHC) UT Home Ownership Mtg-Backed Bonds Series G2-2015 D Senior/Sole Mgr 04/15/15 61.865 Kansas Development Fin Auth KS Revenue Bonds Series 2015 B Senior/Sole Mgr 04/16/15 20.865 Georgia Priv College & Univ Auth GA Revenue Bonds Series 2015 A Senior/Sole Mgr 04/16/15 151.380 Golden Empire School Fin Auth CA Lease Revenue Refunding Notes Series 2015 Senior/Sole Mgr 04/16/15 30.300 Multnomah Co (Portland) PSD #1J OR General Obligation Bonds Series 2015 A Senior/Sole Mgr 04/16/15 6.365 Tacoma City-Washington WA Water System Revenue Ref Bonds Series 2015 B Senior/Sole Mgr 04/16/15 16.645 Tacoma City-Washington WA Water System Revenue Ref Bonds Series 2015 A Senior/Sole Mgr 04/16/15 77.015 Univ of So Florida (USF) Fin Corp FL Ref Certificates of Participation Series 2012 A Senior/Sole Mgr 04/20/15 4.815 Oregon Village-Wisconsin WI GO Corporate Purpose Bonds Series 2015 A Senior/Sole Mgr 04/21/15 44.605 California CA Various Purpose GO Bonds Senior/Sole Mgr 04/21/15 60.750 California CA Various Purpose GO Bonds Senior/Sole Mgr 04/21/15 90.135 Hamilton Co-Tennessee TN GO & Refunding Bonds Series 2015 A & B Senior/Sole Mgr 04/22/15 60.895 Phoenix City Civic Imp Corp AZ Sub Excise Tax Revenue Ref Bonds Series 2015 B Senior/Sole Mgr 04/22/15 319.305 Phoenix City Civic Imp Corp AZ Sub Excise Tax Revenue Ref Bonds Series 2015 A Senior/Sole Mgr 04/22/15 23.845 Powhatan Co Economic Dev Auth VA Lease Revenue Ref Bonds Series 2015 Senior/Sole Mgr 04/27/15 4.085 Dallas Co (Sunnyvale) ISD TX Unlimited Tax Qual Sch Cons Bonds Series 2015 B Senior/Sole Mgr 04/27/15 19.110 Dallas Co (Sunnyvale) ISD TX Unlimited Tax Sch Bldg&Ref Bonds Series 2015 A Senior/Sole Mgr 04/29/15 70.385 Maine Municipal Bond Bank ME Refunding Bonds 2015 Series A & B Senior/Sole Mgr 04/30/15 94.975 Pennsylvania Hghr Ed Facs Auth PA Refunding Revenue Bonds Series AQ Senior/Sole Mgr 05/01/15 100.000 Tacoma City-Washington WA Electric System Rev Note Series 2015 A Senior/Sole Mgr 05/05/15 65.465 Virginia Public School Authority VA School Tech & Security Notes Series III Senior/Sole Mgr 05/06/15 147.545 Cumberland Co Muni Auth PA Revenue Bonds Series of 2015 Senior/Sole Mgr 05/06/15 334.990 Louisiana LA General Obligation Bonds Series 2015 A & B Senior/Sole Mgr 05/06/15 28.175 Seattle City-Washington WA GO Improvement Bonds Series 2015 B Senior/Sole Mgr 05/07/15 16.997 Idaho Housing & Fin Assoc ID Home Owner Mtg-backed Exempt Secs Series G2-2015 B Senior/Sole Mgr 05/07/15 115.000 Port of Corpus Christi Auth TX Revenue Bonds Series 2015 Senior/Sole Mgr 05/07/15 7.530 San Francisco Public Util Comm CA Power Revenue Bonds 2015 Series B Senior/Sole Mgr 05/07/15 32.025 San Francisco Public Util Comm CA Power Revenue Bonds 2015 Series A Senior/Sole Mgr 05/07/15 21.510 Univ of No Colorado Bd of Trust CO Revenue Refunding Bonds Series 2015 Senior/Sole Mgr 05/11/15 9.240 St Croix Co (Glenwood City) SD WI GO School Improvement Bonds Senior/Sole Mgr 05/12/15 13.595 SCAGO Ed Facs Corp (Spartanburg) SC Install Purchase Ref Rev Bonds Series 2015 Senior/Sole Mgr 05/12/15 32.001 Utah Housing Corporation (UHC) UT Home Owner Mtg-backed Sec Series G2 2015 E Senior/Sole Mgr 05/13/15 68.190 Franklin Co-Ohio OH GO Limited Tax Refunding Bonds Series 2015 Senior/Sole Mgr 05/14/15 16.335 Virginia Resources Auth (VRA) VA Infras & St Moral Oblig Rev Bonds Series 2015 A Senior/Sole Mgr 05/14/15 83.775 Virginia Resources Auth (VRA) VA Infrastructure Revenue Bonds Series 2015 A Senior/Sole Mgr 05/18/15 9.500 Kewaunee SD WI GO School Building & Imp Bonds Senior/Sole Mgr 05/18/15 5.875 Moore City-Oklahoma OK General Obligation Bonds Series of 2015 B Senior/Sole Mgr 05/19/15 66.555 Mooresville Town-North Carolina NC Refunding Ltd Obligation Bonds Series 2015 Senior/Sole Mgr 05/19/15 9.625 N Ottawa Co (Ottawa) USD #239 KS GO School Building Bonds Series 2015 Senior/Sole Mgr 05/19/15 18.665 Ramsey Co (St Paul) ISD #625 MN GO School Building Ref Bonds Series 2015 B Senior/Sole Mgr 05/19/15 367.710 Virginia Public Building Auth VA Public Facilities Rev & Ref Bonds Series 2015 A & B Senior/Sole Mgr 05/20/15 10.000 Buffalo Co (Durand) SD WI GO School Improvement Bonds Senior/Sole Mgr 05/21/15 13.000 Lyon Co-Nevada NV Sewer Revenue Interim Debenture Series 2015 Senior/Sole Mgr 05/22/15 33.985 Greensboro City-North Carolina NC Comb Enterprise Sys Rev Ref Bonds Series 2015 Senior/Sole Mgr 05/26/15 110.000 El Paso Co-Colorado CO Revenue Bonds Series 2015 C Senior/Sole Mgr 05/27/15 43.955 King Co (Highline) SD #401 WA GO Unlimited Tax Refunding Bonds Series 2015 Senior/Sole Mgr 05/28/15 200.030 Riverside City-California CA Sewer Revenue Bonds Series 2015 A Senior/Sole Mgr 05/29/15 453.470 Montgomery Co Ind Dev Auth PA Health System Revenue Bonds Series 2015 A Senior/Sole Mgr 06/02/15 80.885 Dutchess Co Local Dev Corp NY Revenue Bonds Series 2015 A Senior/Sole Mgr 06/02/15 74.335 East Bay MUD CA Water System Revenue Bonds Series 2015 B Senior/Sole Mgr 06/02/15 110.715 East Bay MUD CA Water System Revenue Bonds Series 2015 C Senior/Sole Mgr 06/02/15 90.000 San Bernardino Co-California CA TRANs 2015-16 Series A Senior/Sole Mgr 06/04/15 14.595 Cumberland Co Imp Auth NJ Co Gtd Solid Wst Rev Ref Bonds Series 2015 A Senior/Sole Mgr 06/08/15 5.305 Laredo Comm College Dt TX Combined Fee Revenue Ref Bonds Series 2015 Senior/Sole Mgr 06/08/15 19.855 Laredo Comm College Dt TX Limited Tax Refunding Bonds Series 2015 Senior/Sole Mgr 06/08/15 5.585 Waller Co (Royal) ISD TX Unlimited Tax Refunding Bonds Series 2015 Senior/Sole Mgr 06/09/15 16.665 Broad River Water Authority NC Water System Ref Revenue Bonds Series 2015 Senior/Sole Mgr 06/09/15 182.730 Georgia GA General Obligation Bonds Series 2015 B Senior/Sole Mgr 06/09/15 5.730 Portland Water Dt ME Water Revenue Bonds Series 2015 Senior/Sole Mgr 06/09/15 14.175 South Carolina Jobs Econ Dev Au SC Economic Development Rev Bonds Series 2015 Senior/Sole Mgr 06/09/15 33.000 Utah Housing Corporation (UHC) UT Home Owner Mtg-backed Sec Series G2 2015 F Senior/Sole Mgr 06/10/15 6.920 Chandler Town-Indiana IN Sewage Works & Ref Rev Bonds Series of 2015 Senior/Sole Mgr 06/11/15 43.445 Colorado Health Facilities Auth CO Hospital Revenue Refunding Bonds Series 2015 A & B Senior/Sole Mgr 06/11/15 42.000 Florence Co Public Facilities Corp SC Install Purchase Revenue Bonds Series 2015 Senior/Sole Mgr 06/12/15 76.470 Charlotte City-North Carolina NC Certificates of Participation Series 2015 C Senior/Sole Mgr 06/15/15 9.525 Hendersonville Utility Dt TN Water & Sewer Rev Refunding Bonds Series 2015 Senior/Sole Mgr 06/16/15 22.845 Boulder City-Colorado CO Storm Water & Flood Mgt Rev Bonds Series 2015 Senior/Sole Mgr 06/16/15 200.000 Long Island Power Authority NY Electric System General Rev Bonds Series 2015 A-1&2 Senior/Sole Mgr 06/17/15 115.770 Florida Municipal Power Agcy (FMPA) FL Revenue Bonds Series 2015 B Senior/Sole Mgr 06/17/15 213.170 Fort Bend Co (Lamar) CISD TX Unltd Tax Schoolhouse & Ref Bonds Series 2015 Senior/Sole Mgr 06/17/15 210.000 Houston City-Texas TX TRANs Series 2015 Senior/Sole Mgr 06/18/15 157.095 South Carolina Trans Infras Bank SC Revenue Refunding Bonds Series 2015 A Senior/Sole Mgr 06/19/15 41.110 Oak Island Town-North Carolina NC Enterprise System Rev Ref Bonds Series 2015 Senior/Sole Mgr 06/22/15 5.620 Calumet Co (Chilton) SD WI GO Promissory Bonds Senior/Sole Mgr 06/22/15 10.000 Columbia Co (Randolph) SD WI GO School Building & Imp Bonds Senior/Sole Mgr 06/23/15 16.200 Santa Clara Co (East Side) UHSD CA General Obligation Ed-Tech Bonds Series A Senior/Sole Mgr 06/24/15 187.500 California Statewide CDA (CSCDA) CA Revenue Bonds Series 2015 A Senior/Sole Mgr 06/24/15 37.000 Los Angeles Co (Covina Valley) USD CA General Obligation Bonds Series B Senior/Sole Mgr 06/25/15 29.340 Durham Co-North Carolina NC GO Refunding Bonds Series 2015 Senior/Sole Mgr 06/25/15 138.795 Philadelphia City-Pennsylvania PA GO Refunding Bonds Series 2015 A Senior/Sole Mgr 06/30/15 98.965 Clark Co-Nevada NV Passenger Facs Ref Rev Bonds 2015 Series C Senior/Sole Mgr 06/30/15 75.000 Ellis Co (Waxahachie) ISD TX Unltd Tax School Building Bonds Series 2015 Senior/Sole Mgr 06/30/15 41.115 Maine Governmental Facs Auth ME Lease Rental Revenue Ref Bonds Series 2015 A Senior/Sole Mgr 07/01/15 6.500 Melrose City-Minnesota MN Revenue Refunding Bonds Series 2015 Senior/Sole Mgr 07/07/15 26.100 Idaho Housing & Fin Assoc ID Home Owner Mtg-backed Exempt Secs Series G2-2015 C Senior/Sole Mgr 07/08/15 114.485 California Educational Facs Auth CA Revenue Bonds Series 2015 Senior/Sole Mgr 07/08/15 193.695 Central Florida Expressway Au FL Senior Lien Revenue BANs Series 2015 Senior/Sole Mgr 07/08/15 100.000 Oregon Health Science University (OHSU) OR Revenue Bonds Series 2015 C Senior/Sole Mgr 07/08/15 32.448 Utah Housing Corporation (UHC) UT Home Owned Mtg-Backed Sec Series G2-2015 Senior/Sole Mgr 07/09/15 24.897 Portland City-Oregon OR Airpt Way Urb Redev Ref Bond 2015 Series A Senior/Sole Mgr 07/09/15 9.000 Selma City-Texas TX General Obligation Bonds Series 2015 Senior/Sole Mgr 07/14/15 22.625 Virginia Housing Dev Auth (VHDA) VA Rental Housing Bonds 2015 Series C Senior/Sole Mgr 07/15/15 29.305 California State Univ Trustees CA Systemwide Revenue Bonds Series 2015 B Senior/Sole Mgr 07/15/15 1,034.370 California State Univ Trustees CA Systemwide Revenue Bonds Series 2015 A Senior/Sole Mgr 07/15/15 38.805 San Antonio City-Texas TX Airport System Revenue Imp Bonds Series 2015 Senior/Sole Mgr 07/15/15 123.900 San Antonio City-Texas TX Customer Fac Charge Rev Bonds Series 2015 Senior/Sole Mgr 07/16/15 140.105 Charleston City-South Carolina SC Wtrwrks Swr Sys Cap Imp Rev Bonds Series 2015 Senior/Sole Mgr 07/16/15 600.000 Colorado CO General Fund TRANs Series 2015 A Senior/Sole Mgr 07/16/15 12.240 North Kern/Cawelo Financing Auth CA Water Revenue Bonds 2015 Series A Senior/Sole Mgr 07/16/15 14.695 Washington (Stillwater) ISD #834 MN GO OPEB Refunding Bonds Series 2015 B Senior/Sole Mgr 07/20/15 51.280 Columbia City-Missouri MO Wtr & Elc Sys Ref & Imp Rev Bonds Series 2015 Senior/Sole Mgr 07/22/15 10.595 Alexandria City-Virginia VA GO Refunding Bonds Series 2015 C Senior/Sole Mgr 07/22/15 7.780 Hartsville City-South Carolina SC Wtrwrks & Swr Sys Imp & Ref Bonds Series 2015 Senior/Sole Mgr 07/22/15 10.000 Monroe Co-Wisconsin WI GO Corporate Purpose Bonds Senior/Sole Mgr 07/24/15 99.590 Miami Beach City-Florida FL Stormwater Revenue Bonds Series 2015 Senior/Sole Mgr 07/28/15 290.065 Virginia College Building Auth VA Educational Facs Revene Bonds Series 2015 D Senior/Sole Mgr 07/30/15 94.850 Harris Co Cult Ed Facs Fin Corp TX Hospital Revenue Bonds Series 2008-2 Senior/Sole Mgr 07/31/15 11.605 Fort Mill Town-South Carolina SC Wtrwrks & Swr Sys Imp Rev Bonds Series 2015 Senior/Sole Mgr 08/04/15 11.555 Connecticut CT General Obligation Bonds 2015 Series E-3 Senior/Sole Mgr 08/04/15 80.610 Connecticut CT General Obligation Bonds 2015 Series E-1 Senior/Sole Mgr 08/04/15 157.835 Connecticut CT General Obligation Bonds 2015 Series E-2 Senior/Sole Mgr 08/04/15 53.870 Garland City-Texas TX Comb Tax Elec Sys Rev Ref Bonds Series 2015 Senior/Sole Mgr 08/05/15 193.915 Colorado Reg Transportation Dt CO Certificates of Participation Series 2015 A Senior/Sole Mgr 08/05/15 100.625 Hillsborough Co SD FL Ref Certificates of Participation Series 2015 A Senior/Sole Mgr 08/05/15 34.680 Iowa State Board of Regents IA Dormitory Revenue Bonds Series SUI 2015 Senior/Sole Mgr 08/05/15 7.200 Minnesota MN GO State Various Purpose Bonds Series 2015 C Senior/Sole Mgr 08/05/15 261.770 Philadelphia City-Pennsylvania PA Gas Works Revenue Refunding Bonds 13th Series Senior/Sole Mgr 08/07/15 9.000 Utah Housing Corporation (UHC) UT Home Owner Mtg-Backed Securities G2 Series 2015 H Senior/Sole Mgr 08/12/15 1.765 Colorado Hsg & Fin Au (CHFA) CO Promissory Notes Series 2015 Senior/Sole Mgr 08/12/15 69.245 Georgia Muni Electric Au (MEAG) GA Revenue Bonds Series 2015 A Senior/Sole Mgr 08/12/15 185.180 Georgia Muni Electric Au (MEAG) GA Revenue Bonds Series 2015 A Senior/Sole Mgr 08/12/15 1,005.180 Kansas Development Fin Auth KS Revenue Bonds Series 2015 H Senior/Sole Mgr 08/12/15 39.535 Oklahoma Cap Imp Authority OK State Agency Facs Ref Rev Bonds Series 2015 B Senior/Sole Mgr 08/13/15 102.230 California Educational Facs Auth CA Revenue Bonds Series 2015 Senior/Sole Mgr 08/13/15 55.095 Jacksonville City-Florida FL Health Care Facs Revenue Bonds Series 2015 Senior/Sole Mgr 08/14/15 459.585 Charlotte City-North Carolina NC Water & Sewer Sys Ref Rev Bonds Series 2015 Senior/Sole Mgr 08/14/15 21.050 Georgetown Co Wtr & Swr Dt SC Water & Sewer Sys Rev Ref Bonds Series 2015 Senior/Sole Mgr 08/18/15 145.445 District of Columbia DC Southwest Waterfront Rev Bonds Series 2015 Senior/Sole Mgr 08/18/15 329.805 Portland City-Oregon OR First Lien Swr Sys Rev Ref Bonds 2015 Series A Senior/Sole Mgr 08/19/15 190.875 Kansas Dept of Transportation KS Highway Revenue Refunding Bonds Series 2015 A Senior/Sole Mgr 08/19/15 52.670 Sumter City-South Carolina SC Wtr & Swr Sys Imp & Ref Rev Bonds Series 2015 Senior/Sole Mgr 08/20/15 51.935 Piedmont Muni Power Agency SC Electric Revenue Bonds Series 2015 A Senior/Sole Mgr 08/25/15 153.240 Birmingham Spec Care Facs Fin Au AL Health Care Facs Revenue Bonds Series 2015 Senior/Sole Mgr 08/25/15 376.600 Cobb-Marietta Coliseum & Exhib Au GA Revenue Bonds Series 2015 Senior/Sole Mgr 08/25/15 10.300 Connecticut Hlth & Ed Facs Auth CT Revenue Bonds Series O Senior/Sole Mgr 08/27/15 26.000 Las Vegas City-Nevada NV GO Limited Tax Bonds Series 2015 A Senior/Sole Mgr 08/27/15 102.365 Pennsylvania Hghr Ed Facs Auth PA Revenue Bonds Series AR Senior/Sole Mgr 08/27/15 24.455 Utah State Board of Regents UT Student Fee & Hsg Sys Rev Bonds Series 2015 Senior/Sole Mgr 09/03/15 5.000 Charleston Public Facs Corp SC Installment Purchase Rev Bonds Series 2015 B Senior/Sole Mgr 09/03/15 26.270 Charleston Public Facs Corp SC Installment Purchase Rev Bonds Series 2015 A Senior/Sole Mgr 09/09/15 15.045 Laredo City-Texas TX Waterworks & Swr Sys Rev Bonds New Series 2015 Senior/Sole Mgr 09/09/15 19.765 Laredo City-Texas TX Comb Tax & Rev Certs of Oblig Series 2015 Senior/Sole Mgr 09/09/15 500.000 Metropolitan Transport Auth (MTA) NY Dedicated Tax Fund BANs Series 2015 A 1-8 Senior/Sole Mgr 09/09/15 3.410 Savannah Economic Dev Auth GA Refunding Revenue Bonds Series 2015 Senior/Sole Mgr 09/09/15 12.445 Savannah Economic Dev Auth GA Refunding Revenue Bonds Series 2015 Senior/Sole Mgr 09/15/15 31.585 SCAGO Ed Facs Corp (Union) SC Install Purchase Ref Rev Bonds Series 2015 Senior/Sole Mgr 09/15/15 25.185 Springfield City-Massachusetts MA GO State Qualified Ref Bonds Senior/Sole Mgr 09/16/15 24.485 Summerville-South Carolina SC Limited Obligation Bonds Series 2015 A & B Senior/Sole Mgr 09/22/15 400.000 Massachusetts MA General Obligation RANs 2015 Series B Senior/Sole Mgr 09/22/15 400.000 Massachusetts MA General Obligation RANs 2015 Series C Senior/Sole Mgr 09/22/15 60.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds Series A Subser A-3 Senior/Sole Mgr 09/22/15 186.640 San Fran Bay Area Rapid Trans Dt CA Sales Tax Revenue Ref Bonds 2015 Series A Senior/Sole Mgr 09/22/15 5.960 Western Kentucky University KY General Receipts Refunding Bonds 2015 Series A Senior/Sole Mgr 09/24/15 276.805 San Fran Bay Area Rapid Trans Dt CA GO Refunding Bonds 2015 Series D Senior/Sole Mgr 09/25/15 23.445 Dorchester Co-South Carolina SC Wtrwrks & Swr Sys Rev Ref Bonds Series 2015 Senior/Sole Mgr 09/28/15 10.000 Grant Co (Platteville) SD WI GO School Bldg & Imp Bonds Senior/Sole Mgr 09/29/15 87.040 Riverside Co-California CA Teeter Obligation Notes 2015 Series D Senior/Sole Mgr 09/29/15 10.020 York Co (Fort Mill) SD #4 SC General Obligation Bonds Series 2015 B Senior/Sole Mgr 09/30/15 16.405 Maine Municipal Bond Bank ME Revenue Bonds 2015 Series C Senior/Sole Mgr 09/30/15 53.605 Maine Municipal Bond Bank ME Refunding Bonds 2015 Series D Senior/Sole Mgr 10/01/15 100.000 Colorado Health Facilities Auth CO Hospital Revenue Bonds Series 2015 Senior/Sole Mgr 10/05/15 5.355 Bloomington City-Minnesota MN GO Permanent Imp Revolv Bonds 2015 Series 49 Senior/Sole Mgr 10/06/15 219.345 Harris Co (Spring Branch) ISD TX Ltd & Unlt Tax Refunding Bonds Series 2015 A & B Senior/Sole Mgr 10/06/15 15.855 Harris-Montgomery Cos MUD #386 TX Refunding Bonds Series 2015 Senior/Sole Mgr 10/06/15 54.680 Maine Municipal Bond Bank ME Transport Infras Rev Ref Bonds Series 2015 A Senior/Sole Mgr 10/07/15 212.960 California Infrstr & Eco Dev Bank CA Revenue Bonds Series 2015 A Senior/Sole Mgr 10/07/15 89.675 Yuma Municipal Property Corp AZ Sr Lien Utility Sys Rev Ref Bonds Series 2015 Senior/Sole Mgr 10/09/15 305.440 Port Authority of NY & NJ NY Consolidated Bonds 193rd Series Senior/Sole Mgr 10/09/15 500.000 Port Authority of NY & NJ NY Consolidated Bonds 192nd Series Senior/Sole Mgr 10/09/15 1,194.560 Port Authority of NY & NJ NY Consolidated Bonds 194th Series Senior/Sole Mgr 10/13/15 291.000 NYS Dorm Authority NY State Sales Tax Revenue Bonds Series 2015 B Senior/Sole Mgr 10/14/15 47.305 Nevada NV GO Limited Tax Bonds Series 2015 F Senior/Sole Mgr 10/15/15 28.710 Bay Co-Florida FL Water & Sewer Revenue Ref Bonds Series 2015 Senior/Sole Mgr 10/15/15 26.270 Bulloch Co Development Authority GA Refunding Revenue Bonds Series 2015 Senior/Sole Mgr 10/15/15 8.135 Kern Co (Standard) SD CA GO Refunding Bonds 2015 Series Senior/Sole Mgr 10/20/15 77.500 York Co (Fort Mill) SD #4 SC General Obligation Bonds Series 2015 C Senior/Sole Mgr 10/21/15 51.380 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2016 Subser b-3 Senior/Sole Mgr 10/21/15 49.105 Suffolk Co Water Authority NY Water System Revenue Bonds Series 2015 A Senior/Sole Mgr 10/22/15 24.425 Wilkes Co-North Carolina NC Ltd Obligation Refunding Bonds Series 2015 Senior/Sole Mgr 10/27/15 7.125 Dallas Co-Iowa IA GO Capital Loan Bonds Series 2015 Senior/Sole Mgr 10/28/15 21.190 Maine Governmental Facs Auth ME Lease Rental Revenue Bonds Series 2015 B Senior/Sole Mgr 10/29/15 140.929 Virginia Housing Dev Auth (VHDA) VA Commonwealth Mortgage Bonds 2015 Seres A Senior/Sole Mgr 11/03/15 46.855 Arapahoe Co (Cherry Creek) SD #5 CO GO Refunding Bonds Series 2015 Senior/Sole Mgr 11/03/15 235.000 San Antonio City-Texas TX Electric & Gas Systems Rev Bonds New Series 2015 Senior/Sole Mgr 11/05/15 181.570 Metro Atlanta Rapid Transit Auth GA Sales Tax Revenue & Ref Bonds Series 2015 B & C Senior/Sole Mgr 11/05/15 90.000 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2018-118B Senior/Sole Mgr 11/05/15 141.165 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2018-118A Senior/Sole Mgr 11/09/15 55.300 Polk Co (Johnston) CSD IA GO School & Refunding Bonds Series 2015 Senior/Sole Mgr 11/09/15 8.810 Texas Southmost College Dt TX Limited Tax Refunding Bonds Series 2015 Senior/Sole Mgr 11/10/15 68.125 Collin Co (Frisco) ISD TX Unlimited Tax School Bldg Bonds Series 2015 A Senior/Sole Mgr 11/10/15 108.120 New Jersey Environ Infrast Trust NJ Environmental Inf Rev Bonds Series 2015 A-R1 Senior/Sole Mgr 11/10/15 50.000 North Dakota Housing Fin Agency ND Housing Finance Program Bonds 2015 Series D Senior/Sole Mgr 11/10/15 10.735 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2015 B Senior/Sole Mgr 11/10/15 76.980 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2015 A Senior/Sole Mgr 11/12/15 55.350 Pasadena City-California CA Ref Certificates of Participation Series 2015 A Senior/Sole Mgr 11/12/15 53.615 Virginia College Building Auth VA Educational Facs Rev Bonds Series 2015 A Senior/Sole Mgr 11/12/15 153.895 Virginia College Building Auth VA Educational Facs Rev Ref Bonds Series 2015 B Senior/Sole Mgr 11/17/15 39.725 California Statewide CDA (CSCDA) CA Revenue Bonds Series 2015 Senior/Sole Mgr 11/17/15 90.145 King Co (Bellevue) SD #405 WA Unlimited Tax GO Bonds 2015 Series Senior/Sole Mgr 11/17/15 50.000 Tom Green Co-Texas TX Combined Tax & Ltd Rev Cert Oblig Series 2015 Senior/Sole Mgr 11/18/15 29.000 Spokane SD #81 WA Unlimited Tax GO Bonds Series 2015 C Senior/Sole Mgr 11/19/15 31.855 Los Angeles Co (Norwalk-La Mirada) USD CA GO & Refunding Bonds Series 2015 & A Senior/Sole Mgr 11/24/15 0.682 Glen Gardner Boro-New Jersey NJ BANs Senior/Sole Mgr 11/24/15 87.220 Mississippi Development Bank MS Special Obligation Ref Bonds Series 2015 A Senior/Sole Mgr 12/01/15 223.855 Metropolitan St Louis Sewer Dt MO Wstwtr Sys Imp & Ref Rev Bonds Series 2015 B Senior/Sole Mgr 12/01/15 126.740 Pulaski Co (Little Rock) SD AR Refunding Bonds Senior/Sole Mgr 12/01/15 117.270 Univ of Texas Sys Bd of Regents TX Permanent University Fund Bonds Series 2016 A Senior/Sole Mgr 12/01/15 126.020 Univ of Texas Sys Bd of Regents TX Permanent University Fund Bonds Series 2015 C Senior/Sole Mgr 12/02/15 9.065 Brazoria Co (Alvin) ISD TX Unlimited Tax Refunding Bonds Series 2015 Senior/Sole Mgr 12/02/15 14.830 Iowa State Board of Regents IA Utility System Revenue Ref Bonds Series ISU 2015 A Senior/Sole Mgr 12/02/15 628.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue BANs Series 2015 B-1a-i Senior/Sole Mgr 12/02/15 150.000 Texas TX GO College Student Loan Bonds Series 2015 Senior/Sole Mgr 12/04/15 19.900 Nevada System of Higher Ed NV Promissory Notes Series 2015 A Senior/Sole Mgr 12/08/15 34.270 California Educational Facs Auth CA Revenue Bonds Series 2015 Senior/Sole Mgr 12/08/15 383.765 Empire State Development Corp NY State Personal Inc Tax Rev Bonds Series 2015 A Senior/Sole Mgr 12/08/15 15.220 Fulton Co Development Authority GA Revenue Bonds Series 2015 B Senior/Sole Mgr 12/08/15 40.075 Fulton Co Development Authority GA Refunding Bonds Series 2015 A Senior/Sole Mgr 12/08/15 4.500 Hernando City-Mississippi MS General Obligation Bonds Series 2015 Senior/Sole Mgr 12/08/15 24.080 Kane Co (Aurora West) SD #129 IL GO School Building Bonds Series 2015 C Senior/Sole Mgr 12/08/15 9.420 Norfolk City-Nebraska NE GO Recreational Facs Ref Bonds Series 2016 Senior/Sole Mgr 12/08/15 1.344 Wisconsin Public Finance Auth WI Revenue Bonds Series 2015 Senior/Sole Mgr 12/09/15 20.130 Gastonia City-North Carolina NC Combined Util Sys Rev Bonds Series 2015 Senior/Sole Mgr 12/09/15 98.425 Kaweah Delta Health Care Dt CA Revenue Bonds Series 2015 B Senior/Sole Mgr 12/10/15 159.790 Georgia Muni Electric Au (MEAG) GA Subordinated Bonds Series 2015 A Senior/Sole Mgr 12/10/15 148.345 So California Water Replenish Dt CA Replenishment Assess Rev Bonds Series 2015 Senior/Sole Mgr 12/14/15 7.650 Cass Co (West Fargo) PSD #6 ND GO School Building Bonds Series 2015 B Senior/Sole Mgr 12/15/15 197.295 Jacksonville City-Florida FL Transportation Ref Revenue Bonds Series 2015 Senior/Sole Mgr 12/17/15 8.970 Johnson Co Comm College KS GO Capital Outlay Bonds Series 2016 Senior/Sole Mgr 01/05/16 31.930 Red River Educ Fin Auth TX Higher Education Rev Ref Bonds Series 2016 A Senior/Sole Mgr 01/06/16 6.365 Campbell Co-Kentucky KY GO Refunding Bonds Series 2016 Senior/Sole Mgr 01/06/16 339.000 Colorado CO TRANs Series 2015 B Senior/Sole Mgr 01/06/16 4.660 Cottage Grove City-Minnesota MN GO Refunding Bonds Series 2016 A Senior/Sole Mgr 01/06/16 150.000 Massachusetts School Bldg Auth MA Senior Dedicated Sales Tax Bonds Series 2016 A Senior/Sole Mgr 01/06/16 9.385 Oklahoma Co (Western Hts) ISD #41 OK Combined Purpose Bonds Series of 2016 Senior/Sole Mgr 01/07/16 76.615 Bucks Co (Council Rock) SD PA General Obligation Bonds Series of A & 2016 Senior/Sole Mgr 01/07/16 190.065 New Jersey Hlth Care Fac Fin Au NJ Revenue Bonds Series 2016 A Senior/Sole Mgr 01/12/16 139.920 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2016 A Senior/Sole Mgr 01/13/16 11.880 Beaufort-Jasper Wtr & Swr Auth SC Water & Sewer Sys Ref Rev Bonds Series 2016 A Senior/Sole Mgr 01/13/16 31.725 Beaufort-Jasper Wtr & Swr Auth SC Water & Sewer Sys Ref Rev Bonds Series 2016 B Senior/Sole Mgr 01/13/16 8.885 Grant Co Public Properties Corp KY First Mortgage Rev Ref Bonds Series 2016 Senior/Sole Mgr 01/13/16 53.140 Montgomery Co-Texas TX Unlimited Tax Road Bonds Series 2016 Senior/Sole Mgr 01/13/16 58.925 Montgomery Co-Texas TX Limited Tax Refunding Bonds Series 2016 Senior/Sole Mgr 01/13/16 31.870 Seattle City-Washington WA Municipal Light & Power Rev Bonds Series 2016 A Senior/Sole Mgr 01/13/16 24.820 Will Co (Plainfield) CCSD #202 IL GO Refunding School Bonds Series 2016 C Senior/Sole Mgr 01/13/16 90.685 Williamson Co (Round Rock) ISD TX Unltd Tax School Building Bonds Series 2016 Senior/Sole Mgr 01/13/16 45.380 York Co SD #1 SC GO Refunding Bonds Series 2016 Senior/Sole Mgr 01/14/16 70.000 Bowling Green State University OH General Reciepts Bonds Series 2016 A Senior/Sole Mgr 01/15/16 18.440 Myrtle Beach City-South Carolina SC Wtrwrks&Swr Sys Rev Ref&Imp Bonds Series 2016 Senior/Sole Mgr 01/20/16 266.840 Harris Co (Aldine) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2016 Senior/Sole Mgr 01/26/16 232.075 San Francisco City & Co Airport Comm CA Revenue Refunding Bonds 2nd Series 2016 A Senior/Sole Mgr 01/26/16 62.900 Wright Co (Delano) ISD #879 MN GO School Building Bonds Series 2016 A Senior/Sole Mgr 01/27/16 4.895 Marathon Co (DC Everest) ASD WI GO Refunding Bonds Series 2016 Senior/Sole Mgr 02/03/16 116.720 Florida State BOE FL Pub Ed Capital Outlay Ref Bonds 2016 Series A Senior/Sole Mgr 02/04/16 5.260 Ward Co (Minot) PSD #1 ND GO School Building Bonds Series 2016 A Senior/Sole Mgr 02/10/16 955.105 Houston City-Texas TX Comb Util Sys 1st Lien Rev Bonds Series 2016 B Senior/Sole Mgr 02/11/16 18.790 South Carolina SC GO State Institution Ref Bonds Series 2016 C & E Senior/Sole Mgr 02/11/16 20.290 South Carolina SC GO State Institution Ref Bonds Series 2016 B Senior/Sole Mgr 02/11/16 30.095 South Carolina SC GO State Institution Ref Bonds Series 2016 D Senior/Sole Mgr 02/11/16 44.560 South Carolina SC GO State Economic Dev Bonds Series 2016 A Senior/Sole Mgr 02/17/16 424.120 Florida Municipal Power Agcy (FMPA) FL Refunding Revenue Bonds Series 2016 A Senior/Sole Mgr 02/17/16 292.600 Nevada NV Highway Rev Imp & Ref Bonds Series 2016 Senior/Sole Mgr 02/17/16 199.835 Oregon Health Science University (OHSU) OR Revenue Bonds Series 2016 B Senior/Sole Mgr 02/18/16 402.920 Missouri Hlth & Ed Facs Authority MO Educational Facilities Rev Bonds Series 2016 A Senior/Sole Mgr 02/18/16 16.255 Raleigh City-North Carolina NC GO Refunding Bonds Series 2016 B Senior/Sole Mgr 02/18/16 101.850 Raleigh City-North Carolina NC GO Refunding Bonds Series 2016 A Senior/Sole Mgr 02/18/16 93.545 Waller ISD TX Unltd Tax School Bldg & Ref Bodns Series 2016 Senior/Sole Mgr 02/22/16 1,200.000 Florida St Board Admin Fin Corp FL Revenue Bonds Series 2016 A Senior/Sole Mgr 02/23/16 65.705 Baltimore Co-Maryland MD Metropolitan District Ref Bonds Series 2016 Senior/Sole Mgr 02/23/16 100.000 Ohio Public Fac Commission OH General Obligation Bonds Series 2016 A Senior/Sole Mgr 02/23/16 400.950 Univ of North Carolina Bd of Gov NC General Revenue Refunding Bonds Series 2016 C Senior/Sole Mgr 02/24/16 26.695 Alabama AL General Obligation Bonds Series 2016 B Senior/Sole Mgr 02/25/16 9.095 Mora ISD #332 MN GO School Building Bonds Series 2016 A Senior/Sole Mgr 03/01/16 204.410 Los Angeles USD CA General Obligation Bonds Series A 2016 Senior/Sole Mgr 03/01/16 444.545 Los Angeles USD CA General Obligation Bonds Series A 2016 Senior/Sole Mgr 03/01/16 577.400 Los Angeles USD CA GO Refunding Bonds 2016 Series A Senior/Sole Mgr 03/01/16 164.610 Rutgers State University NJ GO Refunding Bonds 2016 Series M Senior/Sole Mgr 03/02/16 403.280 San Diego Public Facs Fin Auth CA Senior Sewer Revenue Ref Bonds Series 2016 A Senior/Sole Mgr 03/03/16 510.950 Massachusetts MA GO Refunding Bonds 2016 Series A Senior/Sole Mgr 03/03/16 600.000 Massachusetts MA GO Consolidated Loan Bonds Series A of 2016 Senior/Sole Mgr 03/03/16 579.955 Metropolitan Transport Auth (MTA) NY Dedicated Tax Fund Ref Bonds Series 2016 A Senior/Sole Mgr 03/03/16 100.495 Miami-Dade Co School Board FL Certificates of Participation Series 2016 C Senior/Sole Mgr 03/03/16 72.805 St Louis (Rockwood) SD #R-VI MO GO Refunding & Improvement Bonds Series 2016 Senior/Sole Mgr 03/03/16 14.050 University of Louisville KY General Receipts Bonds 2016 Series A Senior/Sole Mgr 03/03/16 23.725 University of Louisville KY General Receipts Ref Bonds 2016 Series B Senior/Sole Mgr 03/03/16 51.650 University of Louisville KY General Receipts Ref Bonds 2016 Series C Senior/Sole Mgr 03/07/16 7.750 Gallup-McKinley Co SD #1 NM GO School Building Bonds Series 2016 Senior/Sole Mgr 03/07/16 14.290 Pharr City-Texas TX Combined Tax & Rev Cert Oblig Series 2016 Senior/Sole Mgr 03/08/16 4.500 Cayce City-South Carolina SC Water & Sewer Revenue Ref Bonds Series 2016 B Senior/Sole Mgr 03/08/16 8.470 Cayce City-South Carolina SC Water & Sewer Revenue Ref Bonds Series 2016 A Senior/Sole Mgr 03/09/16 23.990 Birmingham City-Alabama AL GO Refunding Bonds Series 2016 A Senior/Sole Mgr 03/10/16 9.685 Fuquay-Varina Town-North Carolina NC Combined Utilities Revenue Bonds Series 2016 Senior/Sole Mgr 03/10/16 20.500 Fuquay-Varina Town-North Carolina NC Combined Utilities Revenue Bonds Series 2016 Senior/Sole Mgr 03/10/16 22.000 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Sries 182 Senior/Sole Mgr 03/10/16 43.935 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 181 Senior/Sole Mgr 03/10/16 41.645 O Fallon City-Missouri MO GO Refunding & Imp Bonds Series 2016 Senior/Sole Mgr 03/15/16 16.435 Burlington City-Vermont VT GO Refunding Bonds Series 2016 A Senior/Sole Mgr 03/15/16 30.690 California Educational Facs Auth CA Refunding Revenue Bonds 2016 Series A Senior/Sole Mgr 03/15/16 51.960 California Statewide CDA (CSCDA) CA Refunding Revenue Bonds Series 2016 A & B Senior/Sole Mgr 03/15/16 27.585 Calleguas Municipal Water Dt CA Water Refunding Revenue Bonds Series 2016 A Senior/Sole Mgr 03/15/16 283.580 Westchester Co Local Dev Corp NY Revenue Bonds Series 2016 Senior/Sole Mgr 03/15/16 6.845 Winston-Salem City-North Carolina NC General Obligation Bonds Series 2016 C Senior/Sole Mgr 03/16/16 1.445 Burlington City-Vermont VT Ref Certificates of Participation Series 2016 B Senior/Sole Mgr 03/16/16 5.145 Burlington City-Vermont VT Ref Certificates of Participation Series 2016 A Senior/Sole Mgr 03/16/16 7.585 Downers Grove Village-Illinois IL GO Refunding Bonds Series 2016 Senior/Sole Mgr 03/17/16 43.075 Santa Clara Valley Water Dt CA Rev Certificates of Participation Series 2016 C Senior/Sole Mgr 03/17/16 106.315 Santa Clara Valley Water Dt CA Water Sys Ref Rev Bonds Series 2016 A Senior/Sole Mgr 03/18/16 56.820 Charleston City-South Carolina SC Wtrwrks & Sewer Sys Ref Rev Bonds Series 2016 Senior/Sole Mgr 03/18/16 27.045 Monroe City-North Carolina NC Limited Obligation Bonds Series 2016 Senior/Sole Mgr 03/22/16 53.945 California St Public Works Board CA Lease Revenue Refunding Bonds Series 2016 B Senior/Sole Mgr 03/22/16 200.000 Metropolitan Transport Auth (MTA) NY Transportation Rev BANs Series 2016 Senior/Sole Mgr 03/23/16 9.335 Kern Co Water Agency CA Water Revenue Refunding Bonds Series 2016 B Senior/Sole Mgr 03/23/16 79.565 Kern Co Water Agency CA Water Revenue Refunding Bonds Series 2016 A Senior/Sole Mgr 03/23/16 98.150 Utah State Bldg Ownership Auth UT Lease Revenue Bonds Series 2016 Senior/Sole Mgr 03/29/16 82.240 Michigan MI GO Environmental Program Bonds Series 2016 A Senior/Sole Mgr 03/29/16 171.160 Virginia Public School Authority VA Spcl Oblig Sch Fin & Ref Bonds Series 2016 Senior/Sole Mgr 03/31/16 71.090 Antelope Vlly-East Kern Wtr Agy CA Water Revenue Refunding Bonds Series 2016 Senior/Sole Mgr 04/07/16 92.930 Guilford Co-North Carolina NC GO Refunding Bonds Series 2016 A Senior/Sole Mgr 04/07/16 153.615 Los Angeles Dept of Wtr & Power CA Water System Revenue Bonds 2016 Series A Senior/Sole Mgr 04/07/16 475.000 Los Angeles Dept of Wtr & Power CA Water System Revenue Bonds 2016 Series A Senior/Sole Mgr 04/07/16 88.200 Regents of the Univ of California CA General Revenue Bonds 2016 Series AU Senior/Sole Mgr 04/07/16 182.330 Regents of the Univ of California CA General Revenue Bonds 2016 Series AS Senior/Sole Mgr 04/07/16 410.255 Regents of the Univ of California CA General Revenue Bonds 2016 Series AR Senior/Sole Mgr 04/08/16 52.640 Duplin Co-North Carolina NC Limited Obligation Bonds Series 2016 Senior/Sole Mgr 04/12/16 59.595 Alaska Municipal Bond Bank AK GO & Refunding Bonds 2016 Series Two Senior/Sole Mgr 04/12/16 1.600 Beaumont City-Texas TX Tax Notes Series 2016 Senior/Sole Mgr 04/12/16 25.450 California CA GO Veterans Bonds Series CN Senior/Sole Mgr 04/13/16 6.180 Brazoria Co (Brazosport) ISD TX Unlimited Tax Refunding Bonds Series 2016 Senior/Sole Mgr 04/18/16 7.570 Nevada System of Higher Ed NV Promissory Note Series 2016 A Senior/Sole Mgr 04/19/16 236.795 California CA Various Purpose GO Bonds Senior/Sole Mgr 04/19/16 9.820 Hawkins Co First Utility Dt TN Waterworks Revene Refunding Bonds Series 2016 Senior/Sole Mgr 04/20/16 14.400 Laredo Comm College Dt TX Limited Tax Refunding Bonds Series 2016 Senior/Sole Mgr 04/20/16 28.185 Newport News City-Virginia VA Water Revenue Refunding Bonds Series 2016 Senior/Sole Mgr 04/21/16 14.015 Iowa State Board of Regents IA Academic Building Rev Ref Bonds Series UNI 2016 Senior/Sole Mgr 04/22/16 100.000 Montgomery Co-Ohio OH Hospital Facilities Revenue Bonds Series 2016 Senior/Sole Mgr 04/25/16 3.105 Arizona Board of Regents AZ System Revenue Bonds Series 2016 B Senior/Sole Mgr 04/25/16 30.710 Arizona Board of Regents AZ System Revenue & Refunding Bonds Series 2016 A Senior/Sole Mgr 04/25/16 145.990 Gwinnett Co Water & Sewer Auth GA Revenue Refunding Bonds Series 2016 A Senior/Sole Mgr 04/26/16 17.800 Cook Co (Argo) CHSD #217 IL Debt Certificates Series 2016 Senior/Sole Mgr 04/26/16 339.375 Miami-Dade Co-Florida FL GO Refunding Bonds Series 2016 A Senior/Sole Mgr 04/26/16 150.000 Regional Transportation Auth IL GO Working Cash Notes Series 2016 C Senior/Sole Mgr 04/26/16 64.735 SC Assoc of Govt Orgs (SCAGO) SC Certificates of Participation Series 2016 A Senior/Sole Mgr 04/26/16 5.830 Stoughton City-Wisconsin WI GO Promissory Notes Series 2016 A Senior/Sole Mgr 04/26/16 101.770 Virginia Public School Authority VA School Financing & Ref Bonds Series 2016 A Senior/Sole Mgr 04/27/16 114.580 Colorado Health Facilities Auth CO Hospital Revenue Bonds Series 2016 Senior/Sole Mgr 04/27/16 35.410 Maine Municipal Bond Bank ME Revenue Bonds Series 2016 A Senior/Sole Mgr 04/27/16 6.175 Maryville City-Tennessee TN GO Refunding Bonds Series 2016 B Senior/Sole Mgr 04/28/16 36.230 Lexington Ind Dev Auth VA Educational Facs Rev Bonds Series 2016 Senior/Sole Mgr 04/28/16 112.635 Rhode Island & Providence Plan RI GO Con Cap Dev Loan Bonds Series of 2016 A & C Senior/Sole Mgr 05/02/16 40.800 Hennepin Co (Robbinsdale) ISD #281 MN GO Facilities Maintenance Bonds Series 2016 C Senior/Sole Mgr 05/02/16 3.305 Nevada System of Higher Ed NV Taxable Promissory Note Series 2016 B Senior/Sole Mgr 05/03/16 50.025 Gaston Co-North Carolina NC General Obligation School Bonds Series 2016 Senior/Sole Mgr 05/03/16 21.715 Salt Lake City-Utah UT Sales & Excise Tax Rev Ref Bonds Series 2016 A Senior/Sole Mgr 05/04/16 40.200 Anderson City-South Carolina SC Water & Sewer Sys Ref Rev Bonds Series 2016 Senior/Sole Mgr 05/04/16 47.455 California Infrstr & Eco Dev Bank CA Refunding Revenue Bonds Series 2016 Senior/Sole Mgr 05/04/16 90.500 Mesa City-Arizona AZ Utility Systems Revenue Bonds Series 2016 Senior/Sole Mgr 05/05/16 260.890 West Virginia Hospital Fin Auth WV Hospital Revenue Refunding Bonds 2016 Series A Senior/Sole Mgr 05/11/16 33.190 Newport News City-Virginia VA GO Gen Improvement & Ref Bonds Series A of 2016 Senior/Sole Mgr 05/11/16 89.035 Orange Co-Florida FL Water & Wastewater Util Rev Bonds Series 2016 Senior/Sole Mgr 05/12/16 54.025 Athens-Clarke Co Unified Govt GA Revenue Refunding Bonds Series 2016 Senior/Sole Mgr 05/12/16 59.035 Charleston City-South Carolina SC Wtrwrks & Swr Sys Ref Rev Bonds Series 2016 A Senior/Sole Mgr 05/12/16 1.118 Colorado Hsg & Fin Au (CHFA) CO Mini-Bond Transaction Series 2016 Senior/Sole Mgr 05/12/16 3.805 Yuba Community College Dt CA GO Ad Val Prop Tax Ref Bonds Series 2016 B Senior/Sole Mgr 05/12/16 72.010 Yuba Community College Dt CA GO Ad Val Prop Tax Ref Bonds Series 2016 A Senior/Sole Mgr 05/13/16 62.815 Maine Municipal Bond Bank ME Revenue Bonds 2016 Series B Senior/Sole Mgr 05/17/16 6.985 Canyon Co (Caldwell) SD #132 ID GO Refunding Bonds Series 2016 Senior/Sole Mgr 05/17/16 150.000 New York Transportation Dev Corp NY Special Facilties Bonds Series 2016 B Senior/Sole Mgr 05/17/16 2,260.380 New York Transportation Dev Corp NY Special Facilities Bonds Series 2016 A Senior/Sole Mgr 05/17/16 145.000 Washington Suburban Sanitary Dt MD Consolidated Public Imp Bonds Series of 2016 Senior/Sole Mgr 05/18/16 52.500 Douglas Co (Superior) SD WI GO School Improvement Bonds Series 2016 Senior/Sole Mgr 05/18/16 45.970 Travis Co Wtr Ctl & Imp Dt #10 TX Unlimited Tax Bonds Series 2016 Senior/Sole Mgr 05/18/16 16.705 Will Co Forest Preserve Dt IL GO Limited Tax Refunding Bonds Series 2016 A Senior/Sole Mgr 05/19/16 35.055 Maryland Hlth & Hghr Ed Facs Au MD Hospital Revenue Bonds Series 2016 B Senior/Sole Mgr 05/24/16 100.000 Brookland-Cayce SD #2 SC General Obligation Bonds Series 2016 Senior/Sole Mgr 05/24/16 56.565 South Orange Co Public Fin Auth CA Central Util Fac Lease Rev Bonds Series 2016 Senior/Sole Mgr 05/25/16 75.890 Fort Worth City-Texas TX Water & Sewer Rev Ref & Imp Bonds Series 2016 Senior/Sole Mgr 05/26/16 62.685 Greenville City-North Carolina NC Comb Enterprise Sys Rev Bonds Series 2016 Senior/Sole Mgr 06/02/16 105.195 Dauphin Co General Authority PA Health System Revenue Bonds Series 2016 A Senior/Sole Mgr 06/02/16 80.120 Harris Co (Spring) ISD TX Unlimited Tax Refunding Bonds Series 2016 Senior/Sole Mgr 06/02/16 246.235 NYS Dorm Authority NY Revenue Bonds Series 2016 B Senior/Sole Mgr 06/07/16 39.185 Arlington City-Texas TX Water & Wastewater Sys Rev Bonds Series 2016 A Senior/Sole Mgr 06/07/16 34.780 Cumberland Co Muni Auth PA Revenue Bonds Series of 2016 Senior/Sole Mgr 06/08/16 42.000 California Infrstr & Eco Dev Bank CA Revenue Refunding Bonds Series 2016 Senior/Sole Mgr 06/08/16 114.405 Fayetteville City-North Carolina NC Public Works Commission Rev Bonds Series 2016 Senior/Sole Mgr 06/08/16 800.000 Los Angeles Co-California CA TRANs 2016-17 Series Senior/Sole Mgr 06/10/16 163.850 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2016 Series E 1 A&B Senior/Sole Mgr 06/14/16 9.755 Elk River City-Minnesota MN Electric Revenue Bonds Series 2016 A Senior/Sole Mgr 06/14/16 69.885 Memphis City-Tennessee TN General Improvement Bonds Series 2016 Senior/Sole Mgr 06/14/16 56.515 Utah Co-Utah UT Hospital Revenue Refunding Bonds Series 2016 A Senior/Sole Mgr 06/15/16 8.990 Butler Co (Douglass) USD #396 KS GO School Building Bonds Series 2016 Senior/Sole Mgr 06/16/16 350.000 Metropolitan Transport Auth (MTA) NY BANs Ser 16 A Subser A 2 Senior/Sole Mgr 06/20/16 4.285 Brownsville Community Imp Corp TX Sales Tax Revenue Refunding Bonds Series 2016 Senior/Sole Mgr 06/21/16 11.640 Brownsville City-Texas TX Comb Tax & Rev Certs of Oblig Series 2016 Senior/Sole Mgr 06/21/16 57.500 Hallandale Beach City-Florida FL General Obligation Bonds Series 2016 Senior/Sole Mgr 06/21/16 115.085 Port of Morrow-Oregon OR Transmission Facilities Rev Bonds Series 2016 2 Senior/Sole Mgr 06/22/16 230.000 Houston City-Texas TX TRANs Series 2016 Senior/Sole Mgr 06/22/16 97.905 Regents of the Univ of California CA Limited Project Revenue Bonds 2016 Series L Senior/Sole Mgr 06/22/16 434.165 Regents of the Univ of California CA Limited Project Revenue Bonds 2016 Series K Senior/Sole Mgr 06/28/16 176.860 Texas A&M University System TX Revenue Financing Bonds Series 2016 D Senior/Sole Mgr 06/29/16 8.750 Anderson Co Water Authority TN Water & Sewer Rev Ref & Imp Bonds Series 2016 Senior/Sole Mgr 06/29/16 25.867 Jersey City-New Jersey NJ General Improvement Bonds Series 2016 Senior/Sole Mgr 06/29/16 87.355 Utah Co-Utah UT Hospital Revenue Bonds Series 2016 B Senior/Sole Mgr 06/29/16 97.645 Utah Co-Utah UT Hospital Revenue Bonds Series 2016 B Senior/Sole Mgr 06/30/16 13.515 Pitt Co-North Carolina NC Limited Oblig Refunding Bonds Series 2017 Senior/Sole Mgr 06/30/16 17.795 Pitt Co-North Carolina NC Limited Obligation Bonds Series 2016 Senior/Sole Mgr 06/30/16 49.425 Powhatan Co Economic Dev Auth VA Lease Revenue Bonds Series 2016 Senior/Sole Mgr 06/30/16 24.360 South Carolina Jobs Econ Dev Au SC Economic Dev Rev Ref Bonds Series 2016 Senior/Sole Mgr 07/01/16 90.260 Metro Atlanta Rapid Transit Auth GA Sales Tax Revenue Refunding Bonds Series 2016 A Senior/Sole Mgr 07/07/16 159.100 North Carolina Cap Facs Fin Agency NC Educational Facs Rev & Ref Bonds Series 2016 Senior/Sole Mgr 07/07/16 213.595 South Carolina Trans Infras Bank SC Revenue Refunding Bonds Series 2016 A Senior/Sole Mgr 07/08/16 38.260 Port St Lucie Comm Redev Agency FL Redev Trust Fund Ref Rev Bonds Series 2016 Senior/Sole Mgr 07/11/16 4.805 Laredo Comm College Dt TX Combined Fee Rev Ref Bonds Series 2016 Senior/Sole Mgr 07/12/16 207.795 Hillsborough Co-Florida FL Utility Revenue Bonds Series 2016 Senior/Sole Mgr 07/12/16 22.970 South Carolina Jobs Econ Dev Au SC Lease Revenue Bonds Series 2016 B Senior/Sole Mgr 07/12/16 61.265 South Carolina Jobs Econ Dev Au SC Lease Revenue Bonds Series 2016 A Senior/Sole Mgr 07/13/16 49.910 Bend City-Oregon OR Water Revenue Bonds Series 2016 Senior/Sole Mgr 07/13/16 48.000 California Infrstr & Eco Dev Bank CA Revenue Refunding Bonds Series 2016 B Senior/Sole Mgr 07/13/16 67.645 Del Mar College Dt TX Limited Tax Bonds Series 2016 Senior/Sole Mgr 07/21/16 590.320 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2016 C-1& 2 Senior/Sole Mgr 07/21/16 20.660 Monroe City-North Carolina NC Combined Enterprise Sys Ref Bonds Series 2016 Senior/Sole Mgr 07/21/16 117.130 Pennsylvania Hghr Ed Facs Auth PA Revenue Refunding Bonds Series of 2016 Senior/Sole Mgr 07/27/16 265.470 Rhode Island Hlth & Ed Bldg Corp RI Hospital Financing Rev Ref Bonds Series 2016 Senior/Sole Mgr 07/28/16 5.730 Greenwood City-South Carolina SC Comb Pub Util Sys Rev Ref Bonds Series 2016 Senior/Sole Mgr 08/01/16 7.930 Mulvane City-Kansas KS GO Refunding Bonds Series A 2016 Senior/Sole Mgr 08/02/16 265.890 Minnesota MN GO State Various Purpose Bonds Series 2016 A Senior/Sole Mgr 08/03/16 26.455 Florida Higher Ed Facs Fin Auth FL Revenue & Refunding Bonds Series 2016 A & B Senior/Sole Mgr 08/04/16 100.000 Alaska Housing Finance Corp AK General Mortgage Revenue Bonds 2016 Series A II Senior/Sole Mgr 08/09/16 150.000 Louisville-Jefferson Co Metro Swr Dt KY Swr & Drainage Sys Rev Bonds Series 2016 A Senior/Sole Mgr 08/09/16 175.000 Will Co-Illinois IL GO Atlernate Rev Source Bonds Series 2016 Senior/Sole Mgr 08/10/16 46.715 Durham Co-North Carolina NC Utility System Revenue Ref Bonds Series 2016 Senior/Sole Mgr 08/10/16 51.035 Kansas City SD MO Certificates of Participation Series 2016 Senior/Sole Mgr 08/10/16 6.000 Los Angeles Co (Covina Valley) USD CA General Obligation Bonds Series C-1 Senior/Sole Mgr 08/10/16 28.410 Los Angeles Co (Covina Valley) USD CA GO Refunding Bonds 2016 Series & C Senior/Sole Mgr 08/11/16 126.780 Utah Transit Authority UT Sub Sales Tax Rev Ref Bonds Series 2016 Senior/Sole Mgr 08/15/16 132.555 Woodbridge Twp-New Jersey NJ BANs Senior/Sole Mgr Wells Fargo's Fixed Rate Co-Managed Experience January 1, 2013 to August 17, 2016 Source: Thomson Reuters SDC Platinum Sale Par Amount Role of Date ($mm) Issuer State Issue Description Series Wells Fargo 01/08/13 15.100 Mississippi Development Bank MS Special Obligation Bonds Series 2012 B Co-Mgr 01/08/13 21.065 Mississippi Development Bank MS Special Obligation Bonds Series 2012 A Co-Mgr 01/09/13 33.480 St Johns Co School Board FL Certificates of Participation Series 2013 Co-Mgr 01/09/13 87.060 Texas St Univ Sys Bd of Regents TX Rev Financing Sys Rev & Ref Bonds Series 2013 Co-Mgr 01/10/13 98.400 Cary Town-North Carolina NC Comb Ent Sys Rev & Rev Ref Bonds Series 2013 Co-Mgr 01/11/13 257.195 Triborough Bridge & Tunnel Auth NY General Revenue Refunding Bonds Series 2013 B Co-Mgr 01/11/13 536.330 Triborough Bridge & Tunnel Auth NY Subordinate Revenue Ref Bonds Series 2013 A Co-Mgr 01/14/13 193.400 San Francisco Public Util Comm CA Wastewater Revenue Bonds 2013 Series A Co-Mgr 01/15/13 11.945 Alaska AK General Obligation Bonds Series 2013 A Co-Mgr 01/15/13 150.535 Alaska AK General Obligation Bonds Series 2013 B Co-Mgr 01/17/13 500.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2013 A Co-Mgr 01/18/13 59.330 Jacksonville Electric Authority FL Electric System Sub Rev Bonds 2013 Series A Co-Mgr 01/23/13 243.270 New Jersey Economic Dev Auth NJ School Facs Constr Ref Bonds 2013 Series OO Co-Mgr 01/23/13 1,629.710 New Jersey Economic Dev Auth NJ School Facs Con Ref Bonds 2013 Series NN Co-Mgr 01/24/13 166.490 Hillsborough Co Ind Dev Auth FL Hospital Revenue Refunding Bonds Series 2012 A Co-Mgr 01/25/13 203.255 Jacksonville Electric Authority FL Electric Sys & Sub Revenue Bonds Ser Three 2013 A & B Co-Mgr 01/29/13 14.620 St Louis Spcl Admin Bd Trans SD MO GO Refunding Bonds Series 2013 A Co-Mgr 01/29/13 20.210 St Louis Spcl Admin Bd Trans SD MO GO Refunding Bonds Series 2013 B Co-Mgr 01/31/13 143.900 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2013 Co-Mgr 02/05/13 226.360 Harris Co (Pasadena) ISD TX Unlimited Tax Sch Bldg &Ref Bonds Series 2013 Co-Mgr 02/05/13 106.320 North Harris Co Regional Water Au TX Senior Lien Rev Refunding Bonds Series 2013 Co-Mgr 02/06/13 162.170 Connecticut CT Revolv Fund Gen Rev & Ref Bonds Series 2013 A & B Co-Mgr 02/07/13 58.150 Delaware State Housing Authority DE Single Family Mtg Rev Ref Bonds Series 2013-1 Co-Mgr 02/07/13 16.390 Tarrant Co (Arlington) ISD TX Unltd Tax School Building Bonds Series 2013 Co-Mgr 02/08/13 168.855 Michigan Finance Authority MI Clean Drink Wtr Revolv Ref Bonds Series 2013 Co-Mgr 02/13/13 5.325 Denton Co (Lewisville) ISD TX Unlimited Tax Refunding Bonds Series 2013 C Co-Mgr 02/13/13 22.865 Denton Co (Lewisville) ISD TX Unlimited Tax Refunding Bonds Series 2013 B Co-Mgr 02/13/13 39.635 Denton Co (Lewisville) ISD TX Unlimited Tax Refunding Bonds Series 2013 A Co-Mgr 02/13/13 110.905 NYS Housing Fin-Mortgage Agcy NY Mortgage Revenue Bonds Forty-Eight Series Co-Mgr 02/13/13 5.050 Oregon OR GO Refunding Bonds 2013 Series H Co-Mgr 02/13/13 22.415 Oregon OR General Obligation Bonds 2013 Series E Co-Mgr 02/13/13 85.675 Oregon OR GO Refunding Bonds 2013 Series F Co-Mgr 02/13/13 98.765 Oregon OR GO Refunding Bonds 2013 Series G Co-Mgr 02/15/13 82.845 Wisconsin WI Clean Water Revenue Ref Bonds 2013 Series 1 Co-Mgr 02/20/13 68.410 Henrico Co-Virginia VA Water & Sewer Sys Rev Ref Bonds Series 2013 Co-Mgr 02/20/13 455.955 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds 2013 Series CC Co-Mgr 02/21/13 39.395 Allegheny Co Higher Ed Bldg Auth PA University Revenue Bonds Series A of 2013 Co-Mgr 02/22/13 43.290 Cobb Co Development Auth GA Stud Recreation & Act Ctr Bonds Series 2013 Co-Mgr 02/22/13 2.060 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2012 Series L-2-B Co-Mgr 02/22/13 102.825 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2012 Series L-2-A Co-Mgr 02/26/13 398.775 Houston Community College (HCC) TX Ltd Tax General Obligation Bonds Series 2013 Co-Mgr 02/27/13 170.635 Massachusetts Water Resources Au MA General Revenue Refunding Bonds 2013 Series A Co-Mgr 02/27/13 21.430 Washington State Hsg Fin Comm WA Single Family Program Bonds 2013 Series 1A-R Co-Mgr 02/27/13 41.085 Washington State Hsg Fin Comm WA Single Family Program Bonds 2013 Series 1N &1N-R Co-Mgr 02/28/13 42.890 Union Co-North Carolina NC GO Refunding Bonds Series 2013 A Co-Mgr 03/01/13 872.510 New York City-New York NY General Obligation Bonds 13 Ser F Sub F-1 G&H Co-Mgr 03/05/13 286.515 Regents of the Univ of California CA General Revenue Bonds 2013 Series AH Co-Mgr 03/06/13 32.200 Harris Co (Humble) ISD TX Unlimited Tax Refunding Bonds Series 2013 A & B Co-Mgr 03/06/13 90.745 Pima Co Industrial Dev Auth AZ Industrial Development Rev Bonds 2013 Series A Co-Mgr 03/06/13 44.275 Williamson Co (Hutto) ISD TX Unlimited Tax Refunding Bonds Series 2013 Co-Mgr 03/07/13 155.430 Connecticut CT General Obligation Bonds 2013 Series B Co-Mgr 03/08/13 115.055 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2013 B Co-Mgr 03/08/13 247.280 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2013 A Co-Mgr 03/08/13 25.285 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 166 Co-Mgr 03/08/13 59.740 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 163 Co-Mgr 03/08/13 64.975 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 164 & 165 Co-Mgr 03/08/13 71.790 Univ of Massachusetts Bldg Au MA Project Revenue Bonds Senior Series 2013-2 Co-Mgr 03/08/13 212.585 Univ of Massachusetts Bldg Au MA Project Revenue Bonds Senior Series 2013-1 Co-Mgr 03/11/13 160.000 Virginia Housing Dev Auth (VHDA) VA Homeownership Mortgage Bonds 2013 Series A Co-Mgr 03/13/13 364.260 California CA Various Purpose GO Bonds Co-Mgr 03/13/13 117.785 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2013 A Co-Mgr 03/13/13 543.300 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds 2013 Series DD Co-Mgr 03/14/13 505.935 California CA Various Purpose GO Bonds Co-Mgr 03/14/13 542.635 California CA Various Purpose GO Bonds Co-Mgr 03/14/13 1,058.860 California CA Various Purp GO Refunding Bonds Co-Mgr 03/14/13 101.500 Massachusetts Housing Fin Agcy MA Housing Bonds 2013 Series A Co-Mgr 03/14/13 168.830 Univ of Virginia Rector & Visitors VA General Revenue Pledge Ref Bonds Series 2013 A Co-Mgr 03/19/13 15.105 California St Public Works Board CA Lease Revenue Bonds Series 2013 B Co-Mgr 03/19/13 77.370 California St Public Works Board CA Lease Revenue Bonds Series 2013 C Co-Mgr 03/19/13 342.360 California St Public Works Board CA Lease Revenue Bonds Series 2013 A Co-Mgr 03/19/13 96.580 Colorado Reg Transportation Dt CO Sales Tax Revenue Refunding Bonds Series 2013 A Co-Mgr 03/19/13 70.175 Midland ISD TX Unlimited Tax Sch Bldg &Ref Bonds Series 2013 Co-Mgr 03/19/13 112.045 NYC Health & Hosp Corp NY Health System Bonds 2013 Series A Co-Mgr 03/20/13 1,400.000 New Jersey Turnpike Authority NJ Turnpike Revenue Bonds Series 2013 A Co-Mgr 03/21/13 8.160 Miami-Dade Co School Board FL Certificates of Participation Series 2013 B Co-Mgr 03/21/13 68.230 Miami-Dade Co School Board FL Certificates of Participation Series 2013 A Co-Mgr 03/22/13 321.940 Harris Co Cult Ed Facs Fin Corp TX Hospital Revenue Refunding Bonds Series 2013 A Co-Mgr 03/22/13 500.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2013 B Co-Mgr 03/26/13 106.785 Harris Co (Klein) ISD TX Unltd Tax Schoolhouse & Ref Bonds Series 2013 A & B Co-Mgr 03/26/13 21.085 Lansing Board of Water & Light MI Utility System Revenue Ref Bonds Series 2013 A Co-Mgr 04/05/13 10.000 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2013-115 B Co-Mgr 04/05/13 127.905 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2013-115 A Co-Mgr 04/09/13 197.425 Lower Colorado River Authority (LCRA) TX Transmission Contract Ref Bonds Series 2013 A Co-Mgr 04/09/13 21.870 Virginia Capital Region Airport Comm VA Airport Revenue Refunding Bonds Series 2013 A Co-Mgr 04/10/13 118.185 Brownsville City-Texas TX Utility System Revenue Ref Bonds Series 2013 A Co-Mgr 04/10/13 2,000.000 Florida Hurricane Catastrophe Fin FL Revenue Bonds Series 2013 A Co-Mgr 04/10/13 16.130 Tarrant Co (Grapevine-Colleyville) ISD TX Unlimited Tax Refunding Bonds Series 2013 A Co-Mgr 04/10/13 50.110 Tarrant Co (Grapevine-Colleyville) ISD TX Unlimited Tax Refunding Bonds Series 2013 B Co-Mgr 04/11/13 1,135.485 California CA GO Various Purpose Bonds Co-Mgr 04/11/13 1,494.510 California CA GO Various Purpose & Ref Bonds Co-Mgr 04/11/13 120.265 Cape Girardeau Co Indus Dev Auth MO Health Facilities Revenue Bonds Series 2013 A Co-Mgr 04/11/13 87.920 NYS Housing Fin-Mortgage Agcy NY Mortgage Revenue Bonds 49th & 50th Series Co-Mgr 04/12/13 50.900 Brevard Co School Board FL Ref Certificates of Participation Series 2013 B Co-Mgr 04/12/13 91.320 Brevard Co School Board FL Ref Certificates of Participation Series 2013 A Co-Mgr 04/16/13 16.715 Connecticut Muni Elec Energy Coop CT Power Supply System Rev Bonds 2013 Series B Co-Mgr 04/16/13 58.450 Connecticut Muni Elec Energy Coop CT Power Supply System Rev Bonds 2013 Series A Co-Mgr 04/16/13 338.220 New Jersey Trans Trust Fund Au NJ Transportation System Bonds 2013 Series B Co-Mgr 04/16/13 538.845 New Jersey Trans Trust Fund Au NJ Transportation System Bonds 2013 Series A Co-Mgr 04/17/13 536.855 Denver City and Co SD #1 CO Certs of Participation Ref Bonds Series 2013 B Co-Mgr 04/18/13 170.985 Charlotte City-North Carolina NC Certificates of Participation Series 2013 B & C Co-Mgr 04/18/13 500.000 Illinois State Toll Highway Auth IL Toll Highway Senior Rev Bonds 2013 Series A Co-Mgr 04/18/13 27.920 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Issue 2013-1A Co-Mgr 04/18/13 187.985 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Issue 2013-1 B & C Co-Mgr 04/19/13 152.400 North Carolina Medical Care Commiss NC Health Care Facs Rev & Ref Bonds Series 2013 A Co-Mgr 04/19/13 146.365 Prince William Co Industrial Dev Auth VA Health Care Facs Rev & Ref Bonds Series 2013 A Co-Mgr 04/23/13 253.635 Portland City-Oregon OR 2nd Lien Wtr Sys Rev & Ref Bonds 2013 Series A Co-Mgr 04/24/13 60.675 Massachusetts Dev Finance Agcy MA Revenue Bonds Series 2013 E Co-Mgr 04/26/13 76.530 Houston City-Texas TX Ltd Tax Pub Improvement Ref Bonds Series 2013 B Co-Mgr 04/26/13 274.370 Houston City-Texas TX Pub Imp Ref & Certs of Oblig Bond Series 2013 A Co-Mgr 04/30/13 15.860 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2013 Series A Co-Mgr 04/30/13 18.400 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2013 Series B & C Co-Mgr 05/01/13 300.625 California Educational Facs Auth CA Revenue Bonds Series U-3 & 4 Co-Mgr 05/02/13 118.000 Baptist Health Care Auth AL Revenue Bonds Series 2013 A Co-Mgr 05/02/13 64.030 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2013 A Co-Mgr 05/03/13 12.810 Ellis Co (Midlothian) ISD TX Refunding Bonds Series 2013 B Co-Mgr 05/03/13 56.075 Ellis Co (Midlothian) ISD TX Unlimited Tax Refunding Bonds Series 2013 A Co-Mgr 05/03/13 179.675 Raleigh City-North Carolina NC Comb Enterprise Rev & Ref Bonds Series 2013 A Co-Mgr 05/07/13 149.760 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2013 B Co-Mgr 05/08/13 92.810 Virginia Resources Auth (VRA) VA Infrastructure Revenue Bonds Series 2013 A Co-Mgr 05/15/13 64.195 Bexar Co (Southwest) ISD TX Unltd Tax School Building Bonds Series 2013 Co-Mgr 05/15/13 62.650 Ohio Higher Ed Fac Commission OH Hospital Revenue Bonds Series 2013 A-1 Co-Mgr 05/15/13 305.535 San Jose Financing Authority CA Lease Revenue Refunding Bonds Series 2013 A Co-Mgr 05/21/13 35.860 West Harris Co Regional Wtr Au TX Water System Revenue Ref Bonds Series 2013 Co-Mgr 05/22/13 19.040 Collin Co (Frisco) ISD TX Unlimited Tax Refunding Bonds Series 2013 Co-Mgr 05/22/13 66.785 Collin Co (Frisco) ISD TX School Building & Refunding Bonds Series 2013 Co-Mgr 05/22/13 49.930 Delaware State Housing Authority DE Sr Single Family Mtg Rev Bonds 2013 Series A Co-Mgr 05/24/13 948.760 New York City-New York NY General Obligation Bonds 2013 Series I & J Co-Mgr 05/30/13 30.290 Maine Governmental Facs Auth ME Lease Rental Revenue Bonds Series 2013 A Co-Mgr 05/31/13 500.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2013 C Co-Mgr 05/31/13 21.885 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2013 Series A Co-Mgr 05/31/13 29.095 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2013 Series B Co-Mgr 05/31/13 61.300 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2013 Series C Co-Mgr 06/04/13 75.190 Arizona Board of Regents AZ Speed Revenue Bonds Series 2013 Co-Mgr 06/04/13 669.045 Massachusetts MA GO Consolidated Loan & Ref Bonds 2013 Ser B C & D Co-Mgr 06/04/13 115.210 San Diego Co SD CA TRANs Ser 2013 A, B1 & B2 Co-Mgr 06/05/13 57.600 Portsmouth City-Virginia VA GO Pub Improvement & Ref Bonds Series 2013 A Co-Mgr 06/05/13 209.475 Portsmouth City-Virginia VA GO & Refunding Bonds Series 2013 B Co-Mgr 06/06/13 21.290 District Energy Corporation NE Facility Revenue Bonds Series 2013 Co-Mgr 06/06/13 75.525 Lincoln City-Nebraska NE Electric System Rev & Ref Bonds Series 2013 Co-Mgr 06/06/13 116.820 Massachusetts Housing Fin Agcy MA Housing Bonds 2013 Series B Co-Mgr 06/06/13 30.445 San Jose Financing Authority CA Lease Revenue Refunding Bonds Series 2013 B Co-Mgr 06/07/13 43.330 Jacksonville Electric Authority FL District Energy Sys Ref Rev Bonds 2013 Series A Co-Mgr 06/12/13 549.000 Massachusetts School Bldg Auth MA Senior Dedicated Sales Tax Bonds 2013 Series A Co-Mgr 06/12/13 100.000 Wisconsin Health and Ed Fac Auth WI Revenue Bonds Series 2013 A Co-Mgr 06/13/13 800.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2013 Series I Co-Mgr 06/13/13 22.000 Ohio Housing Finance Agency (OHFA) OH Residential Mortgage Rev Bonds 2013 Series A Co-Mgr 06/14/13 134.100 Rutgers State University NJ GO Refunding Bonds 2013 Series K Co-Mgr 06/14/13 692.990 Rutgers State University NJ GO & Refunding Bonds 2013 Series J & L Co-Mgr 06/18/13 8.315 Arizona Board of Regents AZ Ref Certificates of Participation Series 2013 B Co-Mgr 06/18/13 56.465 Arizona Board of Regents AZ Ref Certificates of Participation Series 2013 A Co-Mgr 06/18/13 4.985 St Louis Co (Hazelwood) SD MO GO Refunding Bonds Series 2013 B Co-Mgr 06/18/13 32.310 St Louis Co (Hazelwood) SD MO General Obligation Bonds Series 2013 A Co-Mgr 06/19/13 344.335 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds 2013 Series EE Co-Mgr 06/20/13 207.705 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2013 Ser B-1-A,B,C Co-Mgr 06/25/13 51.710 Michigan State Building Auth MI Revenue Refunding Bonds 2013 Series I-B Co-Mgr 06/25/13 531.290 Michigan State Building Auth MI Revenue & Revenue Refunding Bonds 2013 Series I-A Co-Mgr 06/26/13 401.090 NYS Environmental Facs Corp NY Clean Wtr Drink Revolv Rev Bonds Ser 2013 A Sub SRF Co-Mgr 06/27/13 43.610 Ohio Higher Ed Fac Commission OH Higher Ed Facility Rev Bonds Co-Mgr 06/27/13 328.920 Phoenix City Civic Imp Corp AZ Transit Excise Tax Rev Ref Bonds Series 2013 Co-Mgr 06/27/13 47.340 Swarthmore Borough Authority PA Revenue Bonds Series of 2013 Co-Mgr 07/01/13 91.100 Harris Co (Goose Creek) CISD TX Unlimited Tax Schoolhouse Bonds Series 2013 Co-Mgr 07/02/13 333.790 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2013 D Co-Mgr 07/02/13 381.225 Missouri-Illinois Met Dt Bi-St Dev Agy MO Mass Trans Sales Tax Approp Bonds Series 2013 A Co-Mgr 07/09/13 42.615 Dallas City-Texas TX GO Refunding Bonds Series 2013 B Co-Mgr 07/09/13 194.470 Dallas City-Texas TX GO Refunding & Improvement Bonds Series 2013 A Co-Mgr 07/10/13 82.025 Corpus Christi City-Texas TX General Improvement Bonds Series 2013 Co-Mgr 07/10/13 50.185 Midland Co (Greenwood) ISD TX Unlimited Tax Sch Building Bonds Series 2013 Co-Mgr 07/10/13 166.585 NYS Environmental Facs Corp NY State Revolving Funds Rev Bonds Series 2013 B Co-Mgr 07/10/13 56.795 Potter Co (Amarillo) ISD TX Unltd Tax School Building Bonds Series 2013 Co-Mgr 07/10/13 189.065 Tarrant Co Cult Ed Fac Fin Corp TX Hospital Revenue Bonds Series 2013 Co-Mgr 07/11/13 103.000 Fort Bend Co (Katy) ISD TX Unlimited Tax Sch Building Bonds Series 2013 Co-Mgr 07/11/13 152.020 Smith Co (Tyler) ISD TX Unlimited Tax School Bldg Bonds Series 2013 Co-Mgr 07/16/13 26.365 Johnston Co-North Carolina NC Limited Obligation Bonds Series 2013 Co-Mgr 07/17/13 308.855 California State Univ Trustees CA Systemwide Revenue Bonds Series 2013 A Co-Mgr 07/17/13 361.810 Grand Parkway Transport Corp TX Subordinated Tier Toll Rev Bonds Series 2013 E Co-Mgr 07/17/13 1,337.935 Grand Parkway Transport Corp TX First & Sub Tier Toll Rev Bonds Series 2013 A & B Co-Mgr 07/17/13 51.250 University of Connecticut CT GO Refunding Bonds 2013 Series A Co-Mgr 07/17/13 172.660 University of Connecticut CT General Obligation Bonds 2013 Series A Co-Mgr 07/18/13 12.480 San Francisco City & Co Airport Comm CA Second Series Revenue Bonds Series 2013 C Co-Mgr 07/18/13 87.860 San Francisco City & Co Airport Comm CA Second Series Revenue Bonds Series 2013 B Co-Mgr 07/18/13 360.785 San Francisco City & Co Airport Comm CA Second Series Revenue Bonds Series 2013 A Co-Mgr 07/19/13 492.665 Miami-Dade Co-Florida FL Water & Sewer Sys Rev & Ref Bonds Series 2013 A & B Co-Mgr 07/22/13 26.510 New Braunfels City-Texas TX GO Ref & Comb Tax Certs of Oblig Series 2013 & A Co-Mgr 07/22/13 18.000 Webb Co-Texas TX Certificates of Obligation Series 2013 Co-Mgr 07/23/13 105.445 Miami-Dade Co Health Facs Auth FL Hospital Rev Refunding Bonds Series 2013 Co-Mgr 07/24/13 900.000 Bay Area Toll Authority (BATA) CA SF Bay Area Toll Bridge Rev Bonds 2013 Series S-4 Co-Mgr 07/24/13 38.160 Massachusetts Housing Fin Agcy MA Housing Bonds 2013 Series C & D Co-Mgr 07/25/13 134.840 New York City-New York NY General Obligation Bonds Subseries 1 Co-Mgr 07/25/13 375.000 New York City-New York NY General Obligation Bonds Series A Subser A-1 Co-Mgr 07/25/13 208.360 Philadelphia City-Pennsylvania PA General Obligation Bonds Series 2013 A Co-Mgr 07/26/13 29.710 Jacksonville Electric Authority FL Water & Sewer System Rev Bonds 2013 Series B Co-Mgr 07/26/13 173.925 Jacksonville Electric Authority FL Water & Sewer Sys & Sub Rev Bonds 2013 Series A Co-Mgr 07/30/13 205.900 Georgia Priv College & Univ Auth GA Emory University Revenue Bonds Series 2013 A Co-Mgr 07/30/13 19.190 Yoakum Co (Denver City) ISD TX Unlimited Tax Sch Building Bonds Series 2013 Co-Mgr 07/31/13 782.765 Ohio Turnpike & Infrastructure Comm OH Turnpike Sr & Jr Lien Rev Bonds 2013 Ser A & A-1 Co-Mgr 08/01/13 372.520 New York City-New York NY General Obligation Bonds Series B & C Co-Mgr 08/06/13 5.250 Seminole Hospital Dt TX General Obligation Bonds Series 2013 B Co-Mgr 08/06/13 41.970 Seminole Hospital Dt TX General Obligation Bonds Series 2013 A Co-Mgr 08/07/13 618.630 Regents of the Univ of California CA Medical Center Pooled Rev Bonds 2013 Series J Co-Mgr 08/08/13 250.000 SC Pub Svc Au (Santee Cooper) SC Revenue Obligations Series 2013 C Co-Mgr 08/08/13 641.385 SC Pub Svc Au (Santee Cooper) SC Revenue Obligations Ser 2013 A & Ref B Co-Mgr 08/13/13 238.000 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2013 C Co-Mgr 08/14/13 33.140 Connecticut CT General Obligation Bonds 2013 Series E-5 Co-Mgr 08/14/13 33.525 Connecticut CT General Obligation Bonds 2013 Series E-3 Co-Mgr 08/14/13 56.540 Connecticut CT General Obligation Bonds 2013 Series E-2 Co-Mgr 08/14/13 77.495 Connecticut CT General Obligation Bonds 2013 Series E-1 Co-Mgr 08/14/13 84.300 Connecticut CT General Obligation Bonds 2013 Series E-4 Co-Mgr 08/14/13 197.165 Jacksonville Electric Authority FL Electric Sys & Sub Revenue Bonds Ser Three 2013 C & D Co-Mgr 08/14/13 36.085 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Revenue Bonds 2013 Series B Co-Mgr 08/14/13 19.290 Orange Co School Board FL Certificates of Participation Series 2013 A Co-Mgr 08/15/13 5,500.000 California CA RANs 2013-14 Ser A1 & A2 Co-Mgr 08/15/13 673.145 Puerto Rico Electric Power Authority PR Power Revenue Bonds Series 2013 A Co-Mgr 08/20/13 146.410 University of Washington WA General Revenue Bonds Series 2013 Co-Mgr 08/21/13 43.400 Bernalillo Co (Albuquerque) MSD #12 NM GO School Building Bonds Series 2013 A Co-Mgr 08/21/13 29.610 Charleston Co Airport Dt SC Airport Revenue Bonds Series 2013 B Co-Mgr 08/21/13 144.875 Charleston Co Airport Dt SC Airport Revenue Bonds Series 2013 A Co-Mgr 08/22/13 19.435 Andrews Co Hospital Dt TX General Obligation Bonds Series 2013 Co-Mgr 08/22/13 15.660 El Paso Downtown Dev Corp TX Special Revenue Bonds Series 2013 B Co-Mgr 08/22/13 45.125 El Paso Downtown Dev Corp TX Special Revenue Bonds Series 2013 A Co-Mgr 08/22/13 440.025 NYS Dorm Authority NY State Univ Dorm Facs Rev Bonds Series 2013 A Co-Mgr 08/27/13 51.335 Odessa City-Texas TX Comb Tax & Rev Certs of Oblig Series 2013 Co-Mgr 08/27/13 100.000 Red River Education Finance Corp TX Higher Education Revenue Bonds Series 2013 Co-Mgr 08/28/13 48.295 AB Won Pat Intl Airport Auth GU General Revenue Bonds 2013 Series A & B Co-Mgr 08/28/13 199.040 AB Won Pat Intl Airport Auth GU General Revenue Bonds 2013 Series C Co-Mgr 08/29/13 24.285 El Paso City-Texas TX GO Refunding Bonds Series 2013 Co-Mgr 08/29/13 122.170 NYC Housing Dev Corp NY Capital Fund Grant Prog Rev Bonds Series 2013 B-2 Co-Mgr 08/29/13 533.915 NYC Housing Dev Corp NY Capital Fund Grant Prog Rev Bonds Series 2013 A & B-1 Co-Mgr 08/29/13 40.355 New Haven City-Connecticut CT General Obligation Bonds Issue of 2013 Ser A Co-Mgr 08/29/13 110.175 New Jersey Hlth Care Fac Fin Au NJ Revenue Bonds Series 2013 A Co-Mgr 09/04/13 237.055 New Jersey Economic Dev Auth NJ Rutgers Univ GO Lease Rev Bonds Series 2013 Co-Mgr 09/10/13 158.980 Hawaii Dept of Budget & Finance HI Special Purpose Revenue Bonds Series 2013 A & B Co-Mgr 09/10/13 58.435 Virginia Housing Dev Auth (VHDA) VA Rental Housing Bonds 2013 Series F Co-Mgr 09/11/13 126.685 Miami-Dade Co-Florida FL Seaport Revenue & Ref Bonds Series 2013 B & D Co-Mgr 09/11/13 255.965 Miami-Dade Co-Florida FL Seaport Revenue & Ref Bonds Series 2013 A & C Co-Mgr 09/11/13 85.050 Philadelphia Municipal Authority PA City Agreement Rev Ref Bonds 2013 Series A Co-Mgr 09/17/13 127.560 Colorado Springs City-Colorado CO Utilities System Imp Rev Bonds Series 2013 B-1 & 2 Co-Mgr 09/17/13 35.000 Genesee Co-Michigan MI Water Supply Revenue Bonds Series 2013 Co-Mgr 09/17/13 59.820 Pennsylvania Turnpike Commission PA Oil Franchise Tax Rev Ref Bonds Series A & B of 2013 Co-Mgr 09/20/13 43.250 Austin City-Texas TX Public Improvement Ref Bonds Series 2013 A Co-Mgr 09/20/13 71.455 Austin City-Texas TX Public Improvement Ref Bonds Series 2013 B Co-Mgr 09/26/13 32.280 NYS Dorm Authority NY Revenue Bonds Series 2013 B Co-Mgr 09/26/13 126.525 NYS Dorm Authority NY Revenue Bonds Series 2013 A Co-Mgr 09/26/13 546.235 Regents of the Univ of California CA General Revenue Bonds 2013 Series AI Co-Mgr 09/26/13 712.315 Regents of the Univ of California CA General Revenue Bonds 2013 Series AJ Co-Mgr 09/27/13 175.675 New York City-New York NY General Obligation Bonds 2003 Ser C, Sub C-A Co-Mgr 09/27/13 716.920 New York City-New York NY General Obligation Bonds 2014 Ser D-1, E & F Co-Mgr 10/04/13 560.430 Connecticut CT General Obligation Bonds 2013 Series A Co-Mgr 10/11/13 18.835 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds Series 2013 B- 3 & 4 Co-Mgr 10/11/13 156.550 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds Series 2013 B- 1 & 2 Co-Mgr 10/11/13 181.595 Wisconsin WI GO Refunding Bonds 2014 Series 1 Co-Mgr 10/11/13 405.470 Wisconsin WI GO Refunding Bonds 2013 Series 1 Co-Mgr 10/17/13 6.700 Battery Park City Authority NY Senior Revenue Bonds Series 2013 B Co-Mgr 10/17/13 356.085 Battery Park City Authority NY Senior Revenue Bonds Series 2013 A Co-Mgr 10/17/13 187.990 Lower Colorado River Authority (LCRA) TX Refunding Revenue Bonds Series 2013 Co-Mgr 10/17/13 959.795 NYS Dorm Authority NY State Sales Tax Revenue Bonds Series 2013 A Co-Mgr 10/17/13 2.470 Norfolk City-Virginia VA GO Qualified Energy Cons Bonds Series 2013 C Co-Mgr 10/17/13 81.715 Norfolk City-Virginia VA GO Cap Improvement & Ref Bonds Series 2013 B Co-Mgr 10/17/13 130.990 Norfolk City-Virginia VA GO Cap Improvement & Ref Bonds Series 2013 A Co-Mgr 10/17/13 101.914 Virginia Housing Dev Auth (VHDA) VA Commonwealth Mortgage Bonds 2013 Series C Co-Mgr 10/22/13 1,647.490 California CA Various Purp & Sch Facs GO Bonds Co-Mgr 10/23/13 205.090 Chattanooga Hlth Ed & Hsg Fac Bd TN Revenue Bonds Series 2013 A Co-Mgr 10/23/13 254.765 Colorado Health Facilities Auth CO Revenue Bonds Series 2013 A Co-Mgr 10/23/13 78.535 Kentucky Economic Dev Fin Auth KY Revenue Bonds Series 2013 A Co-Mgr 10/23/13 37.750 New Haven City-Connecticut CT General Obligation Bonds Issue of 2013 Ser B Co-Mgr 10/23/13 31.300 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Issue 2013-2A Co-Mgr 10/23/13 90.000 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Issue 2013-2B Co-Mgr 10/23/13 62.210 Washington Health Care Facs Au WA Revenue Bonds Series 2013 A Co-Mgr 10/24/13 67.435 Denton Co (Lewisville) ISD TX Unlimited Tax School Bldg Bonds Series 2013 E Co-Mgr 10/24/13 50.000 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 167 Co-Mgr 10/24/13 650.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2014 Ser A Sub A-1 Co-Mgr 10/25/13 108.400 Indiana Municipal Power Agency IN Power Supply System Rev Bonds 2013 Series A Co-Mgr 10/29/13 548.900 Nevada NV Special Revenue Bonds Series 2013 Co-Mgr 10/29/13 4.030 Oregon OR General Obligation Bonds 2013 Series M Co-Mgr 10/29/13 70.985 Oregon OR General Obligation Bonds 2013 Series L Co-Mgr 10/30/13 118.270 Nebraska Public Power Dt NE General Revenue Bonds 2013 Series A Co-Mgr 10/30/13 66.150 North Carolina Housing Fin Agcy NC Home Ownership Rev Ref Bonds Series 34 Co-Mgr 10/31/13 600.000 Connecticut CT Special Tax Obligation Bonds 2013 Series A Co-Mgr 10/31/13 500.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2013 E Co-Mgr 11/01/13 36.195 Cobb Co Development Auth GA Student Housing Ref Revenue Bonds 2013 Sr A & Sub B Co-Mgr 11/05/13 25.000 Hawaii HI General Obligation Bonds 2013 Series EM Co-Mgr 11/05/13 29.795 Hawaii HI General Obligation Bonds 2013 Series EN Co-Mgr 11/05/13 34.515 Hawaii HI GO Refunding Bonds 2013 Series EI Co-Mgr 11/05/13 771.545 Hawaii HI GO & Refunding Bonds Series 2013 EH-EL Co-Mgr 11/05/13 55.410 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2013 Co-Mgr 11/05/13 423.720 Massachusetts MA Commonwealth Transport Fund Bonds 2013 Series A Co-Mgr 11/06/13 252.545 Massachusetts MA Federal Highway GANs 2013 Series A Co-Mgr 11/06/13 22.335 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2013 Series E Co-Mgr 11/06/13 27.015 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2013 Series F Co-Mgr 11/08/13 6.360 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2013 Series E Co-Mgr 11/08/13 33.225 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2013 Series D Co-Mgr 11/14/13 29.520 Massachusetts Housing Fin Agcy MA Housing Bonds 2013 Series E Co-Mgr 11/14/13 101.535 Missouri Env Imp & Energy Res Au MO Water PC & Drinking Wtr Ref Bonds Series 2013 A Co-Mgr 11/14/13 397.085 NYC Municipal Water Fin Auth NY Wtr & Swr Sys 2nd Gen Res Bonds 2014 Series BB Co-Mgr 11/15/13 568.855 Baltimore Mayor & City Council MD Revenue Ref & Subordinate Bonds Series 2013 A - E Co-Mgr 11/20/13 90.735 Ohio Higher Ed Fac Commission OH Hospital Revenue Bonds Series 2013 A Co-Mgr 11/22/13 64.995 Chicago City-Illinois IL 2nd Lien Revenue Refunding Bonds Series 2013 C Co-Mgr 11/22/13 118.600 Chicago City-Illinois IL 2nd Lien Revenue Refunding Bonds Series 2013 A Co-Mgr 11/22/13 150.365 Chicago City-Illinois IL 2nd Lien Revenue Refunding Bonds Series 2013 B Co-Mgr 12/04/13 79.550 Arizona School Facilities Board AZ Ref Certificates of Participation Series 2013 A-1 & 2 Co-Mgr 12/04/13 369.700 NYS Dorm Authority NY Employer Assessment Revenue Bonds Series 2013 A Co-Mgr 12/05/13 495.425 District of Columbia DC General Obligation Bonds Series 2013 A Co-Mgr 12/05/13 565.655 NY Tobacco Settlement Fin Corp NY Asset-Backed Revenue Bonds Series 2013 B Co-Mgr 12/05/13 660.090 NY Tobacco Settlement Fin Corp NY Asset-Backed Revenue Bonds Series 2013 A Co-Mgr 12/06/13 97.930 Corpus Christi City-Texas TX Utility Sys Jr Lien Rev Imp Bonds Series 2013 Co-Mgr 12/10/13 52.445 De Kalb Co-Georgia GA GO Refunding Bonds Series 2013 Co-Mgr 12/11/13 24.000 Lancaster Co Solid Waste Mgt Au PA Guaranteed Authority Bonds Series B of 2013 Co-Mgr 12/11/13 105.390 Lancaster Co Solid Waste Mgt Au PA Solid Waste Sys Revenue Bonds Series A of 2013 Co-Mgr 12/12/13 1,572.490 Foothill/Eastern Transp Corridor Agy CA Jr & Toll Road Ref Rev Bonds Series 2013 A & C Co-Mgr 12/12/13 350.000 Illinois IL General Obligation Bonds Series of Dec 2013 Co-Mgr 12/12/13 1,600.000 NYS Thruway Authority NY Gen Rev Jr Indebtendess Oblig Series 2013 A Co-Mgr 12/12/13 482.934 NYS Utility Debt Securitization Auth NY Restructuring Bonds Series 2013 T Co-Mgr 12/12/13 1,539.390 NYS Utility Debt Securitization Auth NY Restructuring Bonds Series 2013 TE Co-Mgr 12/12/13 800.050 New York City-New York NY General Obligation Bonds 2014 Series G & H Co-Mgr 12/18/13 16.765 Washington State Hsg Fin Comm WA Single Family Program Bonds 2014 Series 1A-R Co-Mgr 12/18/13 19.935 Washington State Hsg Fin Comm WA Single Family Program Bonds 2014 Ser 1N & 1N-R Co-Mgr 01/15/14 75.145 Idaho Housing & Fin Assoc ID Grant & Rev Anticipation Bonds 2014 Series A Co-Mgr 01/15/14 123.170 Philadelphia City-Pennsylvania PA Water & Wastewater Revenue Bonds Series 2014 A Co-Mgr 01/16/14 130.590 Cook Co-Illinois IL GO Refunding Bonds Series 2014 A Co-Mgr 01/16/14 11.980 Univ of Oklahoma Bd of Regents OK General Revenue Bonds Series 2014 B Co-Mgr 01/16/14 12.380 Univ of Oklahoma Bd of Regents OK General Revenue Bonds Series 2014 A Co-Mgr 01/17/14 41.140 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2001 Ser B, Sub B-3 Co-Mgr 01/17/14 855.000 NYC Transitional Finance Auth NY Future Tax Secured Sub&Ref Bonds 2014 Subser B-1 & C Co-Mgr 01/22/14 250.000 Massachusetts Dev Finance Agcy MA Revenue Bonds Series 2014 M-4 Co-Mgr 01/28/14 70.280 Minnesota MN St Gen Fund Appropriation Bonds Series 2014 B Co-Mgr 01/28/14 391.785 Minnesota MN St Gen Fund Appropriation Bonds Series 2014 A Co-Mgr 01/28/14 351.240 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds 2014 Ser CC 1 & 2 Co-Mgr 01/29/14 85.235 Midland ISD TX Unlimited Tax Sch Building Bonds Series 2014 Co-Mgr 01/30/14 154.275 Philadelphia City-Pennsylvania PA GO Refunding Bonds Series 2014 A Co-Mgr 01/30/14 250.000 Triborough Bridge & Tunnel Auth NY General Revenue Bonds Series 2014 A Co-Mgr 01/31/14 78.170 Hood Co (Granbury) ISD TX Unlimited Tax School Bldg Bonds Series 2014 Co-Mgr 02/03/14 18.330 Harris Co (Goose Creek) CISD TX Unlimited Tax School Bldg Bonds Series 2014 A Co-Mgr 02/04/14 733.465 Grand Parkway Transport Corp TX Sub Tier Toll Revenue Ref BANs Series 2014 A Co-Mgr 02/05/14 14.085 Univ of Massachusetts Bldg Au MA Project Revenue Bonds Senior Series 2014-2 Co-Mgr 02/05/14 293.890 Univ of Massachusetts Bldg Au MA Project Revenue Bonds Senior Series 2014-1 Co-Mgr 02/06/14 14.540 Minnesota Housing Fin Agency MN State Appropriation Bonds 2014 Series A & B Co-Mgr 02/11/14 92.690 Franklin Co-Ohio OH Various Purp Ltd Tax Ref Bonds Series 2014 Co-Mgr 02/12/14 50.000 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2014 Series A Co-Mgr 02/13/14 18.960 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Revenue Bonds Series 184 Co-Mgr 02/13/14 63.640 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Revenue Bonds Series 181 & 182 Co-Mgr 02/13/14 96.480 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Revenue Bonds Series 183 Co-Mgr 02/14/14 20.245 Tarrant Co (Birdville) ISD TX Unlimited Tax Refunding Bonds Series 2014 Co-Mgr 02/19/14 54.070 Metropolitan Park & Recreation Dt MO Sales Tax Appropriation Bonds Series 2014 Co-Mgr 02/20/14 1.370 Community College Dt #514 IL GO Community College Bonds Series 2014 B Co-Mgr 02/20/14 21.605 Community College Dt #514 IL GO Community College Bonds Series 2014 A Co-Mgr 02/20/14 26.470 Kane Co (Batavia) CUSD #101 IL GO Refunding School Bonds Series 2014 Co-Mgr 02/21/14 400.000 Metropolitan Transport Auth (MTA) NY Transportation Rev & Ref Bonds Series 2014 A- 1 & 2 Co-Mgr 02/26/14 19.020 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 170 Co-Mgr 02/26/14 65.000 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 168-169 Co-Mgr 02/26/14 57.000 Sunshine State Govt Fin Commiss FL Revenue Bonds Series 2011 B & C- 1 Co-Mgr 02/27/14 70.110 New Mexico Finance Auth (NMFA) NM State Transportation Rev Bonds Series 2014 A Co-Mgr 02/28/14 66.060 Oregon Facilities Authority OR Refunding Revenue Bonds 2014 Series A Co-Mgr 02/28/14 40.140 Washington Health Care Facs Au WA Refunding Revenue Bonds Series 2014 A Co-Mgr 03/05/14 9.265 Yoakum Co (Plains) ISD TX Unlimited Tax School Bldg Bonds Series 2014 A Co-Mgr 03/06/14 72.460 Jacksonville Electric Authority FL Bulk Power Supply Sys Rev Bonds Series 2014 A Co-Mgr 03/06/14 650.000 New York City-New York NY General Obligation Bonds 2014 Ser I Sub I-1 Co-Mgr 03/12/14 1,807.455 California CA GO Various Purpose & Ref Bonds Co-Mgr 03/13/14 605.195 Houston City-Texas TX First Lien Revenue Ref Bonds Series 2014 B Co-Mgr 03/13/14 328.130 Miami-Dade Co-Florida FL Aviation Revenue Refunding Bonds Series 2014 Co-Mgr 03/13/14 26.585 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2014 B Co-Mgr 03/13/14 785.555 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2014 A Co-Mgr 03/14/14 12.000 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Rev Bonds Series 185 Co-Mgr 03/14/14 31.650 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Rev Bonds Series 187 Co-Mgr 03/14/14 80.190 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Rev Bonds Series 186 Co-Mgr 03/19/14 158.840 Holland City-Michigan MI Electric Utility System Rev Bonds Series 2014 A Co-Mgr 03/19/14 347.385 NYS Environmental Facs Corp NY St Clean & Drink Wtr Rev Bonds Series 2014 A Co-Mgr 03/19/14 63.840 Orange Co School Board FL Certificates of Participation Series 2014 A Co-Mgr 03/20/14 74.165 Henrico Co-Virginia VA Water & Sewer Revenue Bonds Series 2014 Co-Mgr 03/26/14 51.275 Alaska Indus Dev & Export Auth AK Revenue Bonds Series 2014 Co-Mgr 03/26/14 547.850 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds 2014 Series DD Co-Mgr 03/26/14 236.115 Pennsylvania Turnpike Commission PA Turnpike Revenue Bonds Series A of 2014 Co-Mgr 03/27/14 100.000 Connecticut Housing Finance Auth CT Housing Mortgage Finance Bonds 2014 Ser A Sub A1&2 Co-Mgr 04/01/14 220.500 Karegnondi Water Authority MI Water Supply System Bonds Series 2014 A Co-Mgr 04/01/14 9.255 Parker Co (Aledo) ISD TX Unlimited Tax Refunding Bonds Series 2014 Co-Mgr 04/03/14 89.185 Univ of Oklahoma Bd of Regents OK General Revenue Ref Bonds Series 2014 C Co-Mgr 04/07/14 43.865 Fort Bend Co (Lamar) CISD TX Unlimited Tax Schoolhouse Bonds Series 2014 B Co-Mgr 04/08/14 21.750 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2014 Series B & C Co-Mgr 04/08/14 24.745 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2014 Series A Co-Mgr 04/09/14 650.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2014 Ser D Sub D-1 Co-Mgr 04/10/14 91.750 Williamson Co-Texas TX Unlimited Tax Road Bonds Series 2014 Co-Mgr 04/16/14 70.120 Bergen Co Improvement Auth NJ Pooled Loan Revenue Bonds Series 2014 A & B Co-Mgr 04/16/14 50.000 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2014 Series B Co-Mgr 04/16/14 97.150 Scottsdale City-Arizona AZ GO & Refunding Bonds Series 2014 Co-Mgr 04/22/14 333.815 Ohio Water Development Authority OH Water PC Loan Fund Rev Bonds Series 2014 Co-Mgr 04/22/14 5.045 Oregon OR General Obligation Bonds 2014 Series B Co-Mgr 04/22/14 50.130 Oregon OR General Obligation Bonds 2014 Series A Co-Mgr 04/23/14 67.260 Arizona Board of Regents AZ Revenue & Refunding Bonds Series 2014 Co-Mgr 04/23/14 19.250 Maine Municipal Bond Bank ME Revenue Bonds 2014 Series A Co-Mgr 04/23/14 613.845 New Jersey Economic Dev Auth NJ School Facilities Con & Ref Bonds 2014 Series PP & RR Co-Mgr 04/23/14 615.465 New Jersey Economic Dev Auth NJ School Fas Constr Ref Bonds 2014 Series QQ Co-Mgr 04/23/14 25.975 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Prog Bonds Issue 2014-1A Co-Mgr 04/23/14 124.025 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Prog Bonds Issue 2014-1B & 1C Co-Mgr 04/24/14 100.000 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2014 Series B-1 Co-Mgr 04/24/14 54.335 North Carolina Housing Fin Agcy NC Home Ownership Rev Ref Bonds Series 35 Co-Mgr 04/24/14 212.145 Texas Public Finance Auth (TPFA) TX Unemploy Comp Oblig Assess Bonds Series 2014 A Co-Mgr 04/24/14 497.640 Texas Public Finance Auth (TPFA) TX Unemploy Comp Oblig Assess Bonds Series 2014 B Co-Mgr 04/29/14 77.620 Arizona Board of Regents AZ Speed Revenue Bonds Series 2014 Co-Mgr 04/30/14 278.980 California Educational Facs Auth CA Revenue Bonds Series U-6 Co-Mgr 04/30/14 44.920 Lubbock City-Texas TX GO Refunding Bonds Series 2014 Co-Mgr 04/30/14 62.900 Lubbock City-Texas TX Tax & Wtrwrks Sys Surp Rev Certs Series 2014 Co-Mgr 05/01/14 6.195 Newport News City-Virginia VA GO Refunding Bonds Series B of 2014 Co-Mgr 05/01/14 116.105 Newport News City-Virginia VA GO Gen Imp & Ref & Wtr Ref Bonds Series A of 2014 Co-Mgr 05/06/14 49.855 Connecticut Housing Finance Auth CT Housing Mtg Finance Prog Bonds 2014 Ser B Subser B1 Co-Mgr 05/06/14 135.035 Miami University OH General Receipts Rev & Ref Bonds Series 2014 Co-Mgr 05/07/14 4.665 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2014 B Co-Mgr 05/07/14 66.755 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2014 A Co-Mgr 05/13/14 1,000.000 New Jersey Turnpike Authority NJ Turnpike Revenue Bonds Series 2014 A Co-Mgr 05/13/14 294.510 University of Missouri Curators MO System Facilities Revenue Bonds Series 2014 A Co-Mgr 05/14/14 29.960 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2014 Series B Co-Mgr 05/14/14 57.710 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds Series 2014 A Co-Mgr 05/15/14 88.790 Jacksonville Electric Authority FL Revenue Bonds Issue Three Ser 7 Co-Mgr 05/20/14 157.855 Univ of Massachusetts Bldg Au MA Refunding Revenue Bonds Senior Series 2014-4 Co-Mgr 05/21/14 900.990 Missouri Highway & Transport Com MO 1st & 2nd Lien Ref St Road Bonds Series A & B 2014 Co-Mgr 05/22/14 49.775 NYC Trust for Cultural Resources NY Refunding Revenue Bonds Series 2014 A Co-Mgr 05/28/14 230.885 Cuyahoga Co-Ohio OH Certificates of Participation Series 2014 Co-Mgr 05/29/14 145.005 Harris Co Cult Ed Facs Fin Corp TX Hospital Revenue Bonds Series 2014 A Co-Mgr 05/29/14 565.610 Massachusetts Wtr Poll Abate Trust MA State Revolving Fund Ref Bonds Series 2014 Co-Mgr 05/29/14 539.250 Metro Washington Airports Auth DC Airport System Rev & Ref Bonds Series 2014 A Co-Mgr 06/03/14 226.125 Arizona School Facilities Board AZ Ref Certificates of Participation Series 2014 A 1-3 Co-Mgr 06/03/14 85.305 Garland City-Texas TX Electric Util Sys Rev Ref Bonds New Series 2014 Co-Mgr 06/03/14 200.000 San Antonio City-Texas TX Electric & Gas Jr Ln Rev Bonds Series 2014 Co-Mgr 06/04/14 900.000 Los Angeles Co-California CA TRANs 2014-15 Series Co-Mgr 06/04/14 213.635 NYS Environmental Facs Corp NY State Revolving Funds Rev Bonds Series 2014 B Co-Mgr 06/04/14 278.015 Phoenix City-Arizona AZ GO Refunding Bonds Series 2014 Co-Mgr 06/05/14 63.925 Jacksonville Electric Authority FL Revenue Bonds Issue 3 Series Eight Co-Mgr 06/05/14 250.000 Riverside Co-California CA TRANs Series 2014-2015 Co-Mgr 06/10/14 38.527 Minnesota Housing Fin Agency MN Homeowner Finance Bonds 2014 Series A Co-Mgr 06/11/14 5.380 Connecticut CT General Obligation Bonds 2014 Series D-1 Co-Mgr 06/11/14 23.120 Connecticut CT General Obligation Bonds 2014 Series D-5 Co-Mgr 06/11/14 43.600 Connecticut CT General Obligation Bonds 2014 Series D-2 Co-Mgr 06/11/14 49.840 Connecticut CT General Obligation Bonds 2014 Series D-4 Co-Mgr 06/11/14 78.060 Connecticut CT General Obligation Bonds 2014 Series D-3 Co-Mgr 06/11/14 99.995 Galveston Co (Clear Creek) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2014 Co-Mgr 06/11/14 12.155 Massachusetts Housing Fin Agcy MA Housing Bonds 2014 Series C Co-Mgr 06/11/14 25.790 Massachusetts Housing Fin Agcy MA Housing Bonds 2014 Series A Co-Mgr 06/11/14 110.860 Massachusetts Housing Fin Agcy MA Housing Bonds 2014 Series B Co-Mgr 06/11/14 190.620 Unified Gov of Wyandotte Co/Kansas City KS Utility Sys Imp & Ref Rev Bonds Series 2014 A Co-Mgr 06/11/14 125.685 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2014 Co-Mgr 06/12/14 43.990 Johnston Co-North Carolina NC Limited Obligation Bonds Series 2014 Co-Mgr 06/12/14 76.200 Utah State Board of Regents UT General Revenue & Ref Bonds Series 2014 B Co-Mgr 06/13/14 1,018.040 New York City-New York NY General Obligation Bonds 2014 Series J & K Co-Mgr 06/13/14 642.275 SC Pub Svc Au (Santee Cooper) SC Revenue Bonds Series 2014 A & B Co-Mgr 06/18/14 38.000 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2014 Series D-1 Co-Mgr 06/18/14 225.050 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds Ser 2014 C-1-A & 1-B Co-Mgr 06/18/14 166.010 Palm Beach Co School Board FL Certificates of Participation Series 2014 B Co-Mgr 06/19/14 973.775 Texas Transportation Commission TX GO Mobility Fund Refunding Bonds Series 2014 Co-Mgr 06/20/14 500.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2014 C Co-Mgr 06/25/14 100.000 Georgia Municipal Gas Auth (MGAG) GA Gas Revenue Bonds Series U Co-Mgr 06/25/14 194.530 Oregon Dept of Transportation OR Hwy User Tax Rev Sr Ln Ref Bonds Series 2014 A Co-Mgr 06/25/14 22.580 Washington WA Various Purpose GO Bonds Series 2015 A-2 Co-Mgr 06/26/14 300.200 Jacksonville Electric Authority FL Water & Sewer System Rev Bonds 2014 Series A Co-Mgr 06/26/14 159.485 Tarrant Co (Arlington) ISD TX Unlimited Tax School Bldg Bonds Series 2014 A Co-Mgr 06/27/14 169.305 Bernalillo Co (Albuquerque) MSD #12 NM GO School Building & Ref Bonds Series 2014 A & B Co-Mgr 06/27/14 351.255 Western Minnesota Municipal Power Agcy MN Power Supply Revenue Bonds 2014 Series A Co-Mgr 06/30/14 71.465 Harris Co (Goose Creek) CISD TX Unlimited Tax Refunding Bonds Series 2014 C Co-Mgr 07/08/14 12.290 Isle of Wight Co-Virginia VA GO Refunding Bonds Series 2014 B Co-Mgr 07/08/14 24.730 Isle of Wight Co-Virginia VA GO Refunding Bonds Series 2014 A Co-Mgr 07/10/14 46.560 Cobb Co Development Auth GA Student Housing Ref Rev Bonds Series 2014 A - C Co-Mgr 07/15/14 200.000 Bay Area Toll Authority (BATA) CA Revenue Bonds 2014 Series F-1 Co-Mgr 07/15/14 250.000 Kansas Dept of Transportation KS Highway Revenue Bonds Series 2014 A Co-Mgr 07/16/14 4.375 Illinois Housing Dev Authority IL Home Mortgage Revenue Bonds 2014 Series A-3 Co-Mgr 07/16/14 34.920 Illinois Housing Dev Authority IL Home Mortgage Revenue Bonds Subseries A-1 & B Co-Mgr 07/16/14 41.280 Illinois Housing Dev Authority IL Home Mortgage Revenue Bonds 2014 Series A-2 Co-Mgr 07/17/14 675.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2015 Ser A Sub A-1 Co-Mgr 07/17/14 79.160 Tennessee TN GO Refunding Bonds 2014 Series B Co-Mgr 07/17/14 111.065 Tennessee TN General Obligation Bonds 2014 Series A Co-Mgr 07/22/14 257.365 Houston City-Texas TX Public Improvement Ref Bonds Series 2014 A Co-Mgr 07/23/14 204.750 Omaha Public Power Dt (OPPD) NE Electric System Sub Rev Bonds 2014 Series AA & BB Co-Mgr 07/24/14 162.085 Louisiana Public Facs Auth (LPFA) LA Revenue Refunding Bonds Series 2014 Co-Mgr 07/24/14 67.270 Maine Turnpike Authority ME Special Oblig & Turnpike Bonds Series 2014 Co-Mgr 07/24/14 101.895 New Jersey Transit Corporation NJ GANs Series 2014 B Co-Mgr 07/24/14 381.790 New Jersey Transit Corporation NJ GANs Series 2014 A Co-Mgr 07/24/14 44.700 San Diego Co SD CA TRANs Series 2014 Co-Mgr 07/29/14 28.020 Hawaii HI Highway Revenue Bonds Series 2014 C Co-Mgr 07/29/14 135.660 Hawaii HI Highway Revenue Bonds Series 2014 A & B Co-Mgr 07/29/14 92.405 Virginia Resources Auth (VRA) VA Infrastructure Revenue Bonds Series 2014 B Co-Mgr 07/30/14 49.360 El Paso City-Texas TX GO Refunding Bonds Series 2014 A Co-Mgr 07/30/14 64.605 El Paso City-Texas TX Combination Tax & Rev Cert Oblig Series of 2014 Co-Mgr 07/31/14 747.740 California State Univ Trustees CA Systemwide Revenue Bonds Series 2014 A Co-Mgr 08/05/14 123.135 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2014 Series C-1 Co-Mgr 08/06/14 116.095 Travis Co (Manor) ISD TX Unltd Tax School Building Bonds Series 2014 Co-Mgr 08/07/14 50.000 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 171 Co-Mgr 08/07/14 31.845 Wayne Co Airport Auth MI Airport Revenue Bonds Series 2014 C Co-Mgr 08/07/14 66.595 Wayne Co Airport Auth MI Airport Revenue Bonds Series 2014 B Co-Mgr 08/12/14 166.135 Idaho Health Facilities Auth ID Revenue Bonds Series 2014 A Co-Mgr 08/12/14 13.663 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2014 Series C Co-Mgr 08/12/14 18.868 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2014 Series B Co-Mgr 08/13/14 190.420 Philadelphia Auth for Indus Dev PA Hospital Revenue Bonds Series A of 2014 Co-Mgr 08/14/14 980.000 New York City-New York NY General Obligation Bonds 2015 Series A & B Co-Mgr 08/14/14 346.705 Port Authority of NY & NJ NY Consolidated Bonds 184th Series Co-Mgr 08/14/14 483.460 Port Authority of NY & NJ NY Consolidated Bonds 185th Series Co-Mgr 08/15/14 21.370 Raleigh City-North Carolina NC Limited Oblig Refunding Bonds Series 2014 B Co-Mgr 08/15/14 66.715 Raleigh City-North Carolina NC Limited Obligation Bonds Series 2014 A Co-Mgr 08/18/14 35.110 Denton Co (Argyle) ISD TX Unlimited Tax School Bldg Bonds Series 2014 Co-Mgr 08/19/14 155.665 District of Columbia DC Income Tax Secured Rev Ref Bonds Series 2014 A Co-Mgr 08/20/14 170.895 Miami Beach Health Facs Auth FL Hospital Revenue & Ref Bonds Series 2014 Co-Mgr 08/21/14 40.410 Pearland City-Texas TX Permanent Improvement & Ref Bonds Series 2014 Co-Mgr 08/25/14 46.030 West Harris Co Regional Wtr Au TX Water Sys Rev Refunding Bonds Series 2014 Co-Mgr 08/26/14 30.895 Alaska AK Certificates of Participation Series 2014 Co-Mgr 08/28/14 17.130 Conroe City-Texas TX Water & Sewer Sys Revenue Bonds Series 2014 Co-Mgr 08/28/14 31.100 Conroe City-Texas TX Limited Tax Certs of Obligation Series 2014 Co-Mgr 09/05/14 29.020 Martin Co School Board FL Ref Certificates of Participation Series 2014 A Co-Mgr 09/10/14 46.590 Minneapolis-St Paul Metro Airports Comm MN Subordinate Airport Rev Ref Bonds Series 2014 B Co-Mgr 09/10/14 217.790 Minneapolis-St Paul Metro Airports Comm MN Subordinate Airport Rev Ref Bonds Series 2014 A Co-Mgr 09/11/14 85.180 Greenville Health System SC Hospital Revenue Bonds Series 2014 B Co-Mgr 09/16/14 58.510 Norfolk City-Virginia VA GO Refunding Bonds Series 2014 C Co-Mgr 09/17/14 300.000 NYC Municipal Water Fin Auth NY Water & Sewer System Rev Bonds Series DD Co-Mgr 09/18/14 350.000 Massachusetts MA GO Consolidated Loan Bonds Seires E of 2014 Co-Mgr 09/18/14 429.445 Massachusetts MA GO Refunding Bonds 2014 Series C Co-Mgr 09/23/14 48.040 Geisinger Authority PA Health System Revenue Bonds Series 2014 A Co-Mgr 09/23/14 155.730 Missouri Jt Muni Elec Util Comm MO Power Project Revenue Ref Bonds Series 2014 A Co-Mgr 09/23/14 135.985 Ohio State University OH General Receipts Bonds Series 2014 A Co-Mgr 09/24/14 2,035.330 NYC Sales Tax Asset Rec Corp NY Sales Tax Asset Revenue Bonds Series A Co-Mgr 09/25/14 65.240 Lubbock Co (Frenship) ISD TX Unlimited Tax Refunding Bonds Series 2014 Co-Mgr 10/01/14 0.815 Riverside Co-California CA Teeter Obligation Notes 2014 Series Co-Mgr 10/01/14 99.360 Riverside Co-California CA Teeter Obligation Notes 2014 Series Co-Mgr 10/02/14 731.545 Connecticut CT Spcl Tax Oblig & Ref Trans Bonds 2014 Series A & B Co-Mgr 10/02/14 50.295 Denton Co (Lewisville) ISD TX Unlimited Tax Refunding Bonds Series 2014 B Co-Mgr 10/02/14 96.330 Denton Co (Lewisville) ISD TX Unltd Tax School Building Bonds Series 2014 A Co-Mgr 10/06/14 21.085 Montgomery Co (Conroe) ISD TX Unlimited Tax Refunding Bonds Series 2014 B Co-Mgr 10/06/14 129.205 Montgomery Co (Conroe) ISD TX Unltd Tax Sch Bldg & Ref Bonds Series 2014 A Co-Mgr 10/07/14 9.585 Laredo City-Texas TX Intl Toll Bridge System Rev Bonds Series 2014 Co-Mgr 10/07/14 11.585 Laredo City-Texas TX Wtrwrks & Sewer Sys Rev Bonds New Series 2014 Co-Mgr 10/07/14 12.380 Laredo City-Texas TX Tax & Rev Pub Prop Cert of Oblig Series 2014 Co-Mgr 10/07/14 525.000 New Jersey Economic Dev Auth NJ School Facs Construction Bonds 2014 Series UU Co-Mgr 10/08/14 56.145 Ohio Higher Ed Fac Commission OH Hospital Revenue Bonds Series 2014 A Co-Mgr 10/09/14 9.060 South Dakota Conservancy Dt SD State Revolv Fund Prog Rev Bonds Series 2014 A Co-Mgr 10/09/14 50.755 South Dakota Conservancy Dt SD State Revolv Fun Prog Rev Bonds Series 2014 B Co-Mgr 10/14/14 39.934 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2014 Series D Co-Mgr 10/15/14 27.885 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Issue 2014 2A Co-Mgr 10/15/14 122.115 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Issue 2014 2B & 2C Co-Mgr 10/16/14 31.100 Charlotte City-North Carolina NC Airport Refunding Revenue Bonds Series 2014 B Co-Mgr 10/16/14 74.290 Charlotte City-North Carolina NC Airport Refunding Revenue Bonds Series 2014 A Co-Mgr 10/16/14 61.535 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2014 Series D-2 Co-Mgr 10/16/14 96.195 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2014 Series D-1 Co-Mgr 10/16/14 15.285 NYS Dorm Authority NY State Sales Tax Revenue Bonds Series 2014 B Co-Mgr 10/16/14 1,044.080 NYS Dorm Authority NY State Sales Tax Revenue Bonds Series 2014 A Co-Mgr 10/16/14 72.510 North Harris Co Regional Water Au TX Sr Lien Revenue Refunding Bonds Series 2014 Co-Mgr 10/17/14 85.010 Orlando City-Florida FL Cap Imp Special Rev & Ref Bonds Series 2014 B-D Co-Mgr 10/17/14 31.795 SC Pub Svc Au (Santee Cooper) SC Revenue Ref Obligations Bonds Series 2014 D Co-Mgr 10/17/14 704.525 SC Pub Svc Au (Santee Cooper) SC Refunding Rev Obligations Bonds Series 2014 C Co-Mgr 10/22/14 9.950 Princeton-New Jersey NJ General Improvement Bonds Series 2014 Co-Mgr 10/23/14 215.090 Anchorage City-Alaska AK GO & Refunding Bonds 2014 Series A-D Co-Mgr 10/23/14 11.650 Lubbock ISD TX Unlimited Tax Sch Building Bonds Series 2014 Co-Mgr 10/23/14 23.525 Michigan Finance Authority MI Local Gov Loan Program Rev Bonds Series 2014 H-2 Co-Mgr 10/23/14 1,392.760 San Joaquin Hills Trans Corridor Agy CA Sr & Jr Lien Toll Road Rev Bonds Series 2014 A & B Co-Mgr 10/23/14 39.015 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2014 Series F Co-Mgr 10/23/14 71.545 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2014 Series D & E Co-Mgr 10/24/14 45.455 Indian River Co School Bd FL Ref Certificates of Participation Series 2014 A Co-Mgr 10/28/14 50.045 McLennan Co Public Fac Corp TX Project Revenue Refunding Bonds Series 2014 Co-Mgr 10/28/14 335.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Ser 2014 Subser D-1 Co-Mgr 10/29/14 135.515 Virginia Housing Dev Auth (VHDA) VA Rental Housing Bonds 2014 Series C Co-Mgr 10/30/14 45.445 Chatham Co-North Carolina NC Limited Obligation Bonds Series 2014 Co-Mgr 10/31/14 4.730 Cape Fear Public Utility Auth NC Water & Sewer Ref Rev Bonds Series 2014 B Co-Mgr 10/31/14 60.355 Cape Fear Public Utility Auth NC Water & Sewer Sys Rev & Ref Bonds Series 2014 A Co-Mgr 10/31/14 167.730 Indiana Municipal Power Agency IN Power Supply Sys Ref Rev Bonds 2014 Series A Co-Mgr 11/04/14 42.165 Canadian River Muni Water Auth TX Sub Lien Contract Rev Ref Bonds Series 2014 Co-Mgr 11/04/14 17.975 Cerritos Community College Dt CA GO Refunding Bonds 2014 Series B Co-Mgr 11/04/14 80.395 Cerritos Community College Dt CA GO Refunding Bonds 2014 Series A Co-Mgr 11/04/14 162.890 Nebraska Public Power Dt NE General Revenue Bonds 2014 Series C Co-Mgr 11/05/14 6.200 Anaheim Public Financing Auth CA Lease Revenue Bonds 2014 Series B Co-Mgr 11/05/14 252.725 Anaheim Public Financing Auth CA Lease Revenue Bonds 2014 Series A Co-Mgr 11/05/14 18.650 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2014 Subseries F2 Co-Mgr 11/05/14 39.460 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2014 Subseries F-1 Co-Mgr 11/05/14 160.140 Franklin Co Convention Fac Auth OH Tax & Lease Rev Antic & Ref Bonds Series 2014 Co-Mgr 11/05/14 14.900 New Orleans City-Louisiana LA Drainage System Refunding Bonds Series 2014 Co-Mgr 11/06/14 17.635 California St Public Works Board CA Lease Revenue Refunding Bonds 2014 Series I Co-Mgr 11/06/14 79.760 California St Public Works Board CA Lease Revenue Refunding Bonds 2014 Series H Co-Mgr 11/06/14 137.750 California St Public Works Board CA Lease Revenue Refunding Bonds 2014 Serie G Co-Mgr 11/06/14 700.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2015 Ser B Subser B1 Co-Mgr 11/13/14 14.435 Denton Co ISD TX Unlimited Tax Refunding Bonds Series 2014 C Co-Mgr 11/13/14 5.880 Hawaii HI GO Refunding Bonds 2014 Series ER Co-Mgr 11/13/14 218.880 Hawaii HI GO & Refunding Bonds Ser EQ-ES of 2014 Co-Mgr 11/13/14 784.015 Hawaii HI GO & Refunding Bonds Ser EO & EP of 2014 Co-Mgr 11/14/14 44.810 Maine Municipal Bond Bank ME Grant Antcipation Bonds Series 2014 A Co-Mgr 11/14/14 392.110 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds 2015 Series EE Co-Mgr 11/19/14 35.965 Oregon OR General Obligation Bonds Series 2014 G & H Co-Mgr 11/20/14 120.390 Virginia Housing Dev Auth (VHDA) VA Commonwealth Mortgage Bonds 2014 Series A Co-Mgr 11/20/14 22.780 Washington State Hsg Fin Comm WA Single Family Program Bonds 2014 Ser 2N & 2N-R Co-Mgr 11/20/14 27.735 Washington State Hsg Fin Comm WA Single Family Program Bonds 2014 Series 2A-R Co-Mgr 11/21/14 8.070 St Paul City-Minnesota MN Sales Tax Revenue Bonds Series 2014 F Co-Mgr 11/21/14 28.195 St Paul City-Minnesota MN Sales Tax Revenue Bonds Series 2014 G Co-Mgr 12/02/14 168.730 Brazoria Co (Alvin) ISD TX Schoolhouse & Refunding Bonds Series 2014 C Co-Mgr 12/03/14 304.770 Illinois Finance Authority IL Revenue Refunding Bonds Series 2014 Co-Mgr 12/03/14 29.580 Massachusetts Housing Fin Agcy MA Housing Bonds 2014 Series D Co-Mgr 12/03/14 40.195 Massachusetts Housing Fin Agcy MA Housing Bonds 2014 Series E Co-Mgr 12/04/14 20.890 Cuyahoga Co-Ohio OH Economic Development Rev Bonds Series 2014 C Co-Mgr 12/04/14 22.185 Cuyahoga Co-Ohio OH Economic Development Rev Bonds Series 2014 B Co-Mgr 12/04/14 137.890 Cuyahoga Co-Ohio OH Various Purp Sales Tax Rev Bonds Series 2014 Co-Mgr 12/04/14 131.650 El Paso City-Texas TX Water & Sewer Rev Ref Bonds Series 2015 Co-Mgr 12/04/14 164.950 Long Island Power Authority NY Electric System General Rev Bonds Series 2014 B Co-Mgr 12/04/14 413.070 Long Island Power Authority NY Electric Sys Gen Revenue Bonds Series 2014 A Co-Mgr 12/04/14 347.310 Massachusetts MA Federal Highway GANs 2014 Series A Co-Mgr 12/04/14 82.585 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2014 Series D & E Co-Mgr 12/04/14 143.145 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2014 Series C Co-Mgr 12/04/14 743.865 NYS Thruway Authority NY General Revenue Refunding Bonds Series K Co-Mgr 12/05/14 60.220 Lee Co School Board FL Certificates of Participation Series 2014 B Co-Mgr 12/09/14 28.080 Gilbert Pub Fac Muni Property Cp AZ Revenue Refunding Bonds Series 2014 Co-Mgr 12/09/14 137.550 Massachusetts St College Bldg Au MA Project Revenue & Ref Bonds Series 2014 B C & D Co-Mgr 12/09/14 30.900 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2014 Series C Co-Mgr 12/10/14 47.435 Harris Co-Houston Sports Auth TX Senior Lien Revenue Ref Bonds Series 2014 B Co-Mgr 12/10/14 75.875 Harris Co-Houston Sports Auth TX Second Lien Revenue Ref Bonds Series 2014 C Co-Mgr 12/10/14 344.780 Harris Co-Houston Sports Auth TX Senior Lien Revenue Ref Bonds Series 2014 A Co-Mgr 12/10/14 89.925 New Hampshire NH GO Refunding Bonds 2014 Series A Co-Mgr 12/10/14 132.340 Orange Co School Board FL Certificates of Participation Series 2015 C Co-Mgr 12/10/14 193.075 Port of Morrow-Oregon OR Transmission Facs Rev Bonds Series 2014 Co-Mgr 12/10/14 257.415 Wisconsin WI GO Refunding Bonds Series 4 of 2014 Co-Mgr 12/11/14 332.405 Las Vegas Valley Water Dt NV GO Water Refunding Bonds Series 2015 Co-Mgr 12/11/14 228.155 Massachusetts Clean Water Trust MA State Revolving Fund Bonds Series 18 Co-Mgr 12/11/14 75.000 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2014 Series H-1 Co-Mgr 12/11/14 346.205 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2014 Series G-1 & 2 Co-Mgr 12/11/14 145.535 Palm Beach Co School Board FL Certificates of Participation Series 2015 B Co-Mgr 12/12/14 353.055 Omaha Public Power Dt (OPPD) NE Electric System Revenue Bonds 2015 Series A & B Co-Mgr 12/15/14 51.485 California Educational Facs Auth CA Revenue Bonds Series 2014 Co-Mgr 12/16/14 377.500 Arizona Transportation Board AZ Highway Revenue Ref Bonds Series 2015 Co-Mgr 12/17/14 85.105 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2014 Co-Mgr 12/17/14 306.820 Miami-Dade Co School Board FL Certificates of Participation Series 2015 A Co-Mgr 12/17/14 26.095 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2014 F Co-Mgr 12/17/14 55.825 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2014 G Co-Mgr 12/17/14 468.290 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2014 E Co-Mgr 12/18/14 3.350 Tom Green Co (San Angelo) ISD TX Unlimited Tax Refunding Bonds Series 2015 B Co-Mgr 12/18/14 93.635 Tom Green Co (San Angelo) ISD TX Unlimited Tax Refunding Bonds Series 2015 A Co-Mgr 01/06/15 64.670 Texas A&M University System TX Revenue Financing System Bonds Series 2015 A Co-Mgr 01/06/15 142.155 Texas A&M University System TX Revenue Financing System Bonds Series 2015 B Co-Mgr 01/08/15 252.360 Broward Co School Board FL Certificates of Participation Series 2015 A Co-Mgr 01/08/15 34.700 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2015 A Co-Mgr 01/08/15 971.055 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2015 A Co-Mgr 01/09/15 170.805 Broward Co School Board FL Certificates of Participation Series 2015 B Co-Mgr 01/12/15 60.013 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2015 Series A Co-Mgr 01/14/15 381.305 Oregon Dept of Transportation OR Hway User Tax Rev Sr Ln Ref Bonds Series 2015 A Co-Mgr 01/15/15 750.000 NYC Transitional Finance Auth NY Building Aid Revenue Bonds 2015 Series S-1 Co-Mgr 01/15/15 50.330 Palm Beach Co Solid Waste Auth FL Refunding Revenue Bonds Series 2015 Co-Mgr 01/16/15 600.000 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2015 Sub A-1 Co-Mgr 01/22/15 93.930 Kent Co-Michigan MI Revenue Refunding Bonds Series 2015 Co-Mgr 01/22/15 267.615 Massachusetts Dev Finance Agcy MA Revenue Bonds Series O-1&2 (2015) Co-Mgr 01/22/15 222.950 Nebraska Public Power Dt NE General Revenue Bonds 2015 Series A1 & A2 Co-Mgr 01/22/15 114.170 Orange Co School Board FL Certificates of Participation Series 2015 D Co-Mgr 01/26/15 23.285 Burnet Co (Burnet) CISD TX Unlimited Tax Sch Bldg Bonds Series 2015 Co-Mgr 01/27/15 860.660 Utah Transit Authority UT Sr & Sub Sales Tax Rev Ref Bonds Series 2015 A Co-Mgr 01/28/15 64.910 Travis Co (Del Valle) ISD TX Unltd Tax School Building Bonds Series 2015 Co-Mgr 01/29/15 13.700 Glendale City-Arizona AZ Senior Excise Tax Rev Ref Oblig Series 2015 B Co-Mgr 01/29/15 100.430 Glendale City-Arizona AZ Senior Excise Tax Rev Ref Oblig Series 2015 A Co-Mgr 01/29/15 357.205 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2015 Co-Mgr 02/03/15 2.795 East Bay MUD CA Wastewater Sys Rev Ref Bonds Series 2015 B Co-Mgr 02/03/15 68.370 East Bay MUD CA Water System Revenue Ref Bonds Series 2015 A 1&2 Co-Mgr 02/04/15 39.490 Glendale City-Arizona AZ GO Refunding Bonds Series 2015 Co-Mgr 02/04/15 158.775 Indiana Finance Authority IN 1st Lien Wstwtr Util Rev Bonds Series 2015 A Co-Mgr 02/04/15 17.155 Portland City-Oregon OR Urban Renew & Redev Ref Bonds 2015 Series A Co-Mgr 02/04/15 95.975 Tampa Bay Water Auth FL Utility System Ref Rev Bonds Series 2015 B Co-Mgr 02/04/15 180.835 Tampa Bay Water Auth FL Utility System Ref Rev Bonds Series 2015 A Co-Mgr 02/05/15 47.925 Los Angeles Dept of Airports CA Senior Revenue Bonds 2015 Series B Co-Mgr 02/05/15 181.805 Los Angeles Dept of Airports CA Subordinate Refunding Rev Bonds 2015 Series C Co-Mgr 02/05/15 267.525 Los Angeles Dept of Airports CA Senior Revenue Bonds 2015 Series A Co-Mgr 02/05/15 22.000 Ohio Higher Ed Fac Commission OH Higher Ed Fac Revenue Bonds Series 2015 A Co-Mgr 02/05/15 29.630 Ohio Higher Ed Fac Commission OH Higher Ed Fac Revenue Bonds Series 2015 A Co-Mgr 02/10/15 16.975 Minneapolis City-Minnesota MN Revenue Refunding Bonds Series 2015 Co-Mgr 02/10/15 59.730 Nashville-Davidson Co Metro Govt TN GO Refunding Bonds Series 2015 A Co-Mgr 02/10/15 103.980 Nashville-Davidson Co Metro Govt TN GO Refunding Bonds Series 2015 B Co-Mgr 02/11/15 100.695 Brevard Co School Board FL Ref Certificates of Participation Series 2015 B & C Co-Mgr 02/11/15 150.000 Connecticut Housing Finance Auth CT Housing Mtg Finance Program Bonds 2015 Series A Co-Mgr 02/11/15 151.840 Washington State University WA General Revenue & Refunding Bonds 2015 Series Co-Mgr 02/12/15 58.620 Idaho Health Facilities Auth ID Revenue Bonds Series 2015 ID Co-Mgr 02/12/15 112.690 Idaho Health Facilities Auth ID Revenue Bonds Series 2015 ID Co-Mgr 02/12/15 271.045 Michigan Finance Authority MI Hospital Revenue & Ref Bonds Series 2015 MI Co-Mgr 02/12/15 290.170 Michigan Finance Authority MI Hospital Revenue & Ref Bonds Series 2015 MI Co-Mgr 02/12/15 164.010 Montgomery Co-Maryland MD Revenue Bonds Series 2015 MD Co-Mgr 02/12/15 20.000 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2015-116B Co-Mgr 02/12/15 98.795 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2015-116A Co-Mgr 02/13/15 64.870 SC Pub Svc Au (Santee Cooper) SC Revenue Refunding Obligations Series 2015 B Co-Mgr 02/13/15 169.657 SC Pub Svc Au (Santee Cooper) SC Revenue Bonds Series 2015 D Co-Mgr 02/13/15 270.170 SC Pub Svc Au (Santee Cooper) SC Revenue Refunding Obligations 2015 Series C Co-Mgr 02/13/15 598.960 SC Pub Svc Au (Santee Cooper) SC Revenue Refunding & Imp Oblig Series 2015 A Co-Mgr 02/18/15 37.570 Minnesota Housing Fin Agency MN State Appropriation Bonds 2015 Series A & B Co-Mgr 02/18/15 117.665 Montgomery Co (Conroe) ISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 02/19/15 90.615 Butler Co Hospital Authority PA Hospital Revenue Bonds Series 2015 A Co-Mgr 02/20/15 13.065 Jackson St Univ Ed Bldg Corp MS Revenue Bonds Series 2015 B Co-Mgr 02/20/15 57.595 Jackson St Univ Ed Bldg Corp MS Revenue Bonds Series 2015 A Co-Mgr 02/20/15 40.000 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds Series FF Co-Mgr 02/20/15 490.000 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds Series FF Co-Mgr 02/24/15 62.560 Missouri Development Fin Board MO Infrastructure Facs Revenue Bonds Series 2015 A Co-Mgr 02/24/15 7.790 St Louis Municipal Finance Corp MO Forest Park Lease Rev Ref Bonds Series 2015 Co-Mgr 02/25/15 53.785 Cary Town-North Carolina NC Comb Enterprise Sys Rev&Ref Bonds Series 2015 Co-Mgr 02/25/15 44.765 Riverside Regional Jail Authority VA Jail Facilities Ref Revenue Bonds Series 2015 Co-Mgr 02/25/15 490.620 Univ of Massachusetts Bldg Au MA Project & Rev Ref Bonds Sr Series 2015-1 & 2 Co-Mgr 02/26/15 137.450 Harris Co (Tomball) ISD TX School Building & Refunding Bonds Series 2015 Co-Mgr 02/26/15 83.325 Jacksonville Electric Authority FL Electric System Revenue Bonds Series Three 2015 A Co-Mgr 02/26/15 81.470 New Hampshire Muni Bond Bank NH Refunding Bonds 2015 Series A Co-Mgr 02/27/15 8.020 Pennsylvania Hghr Ed Facs Auth PA Refunding Revenue Bonds Series C of 2015 Co-Mgr 02/27/15 89.260 Pennsylvania Hghr Ed Facs Auth PA Refunding Revenue Bonds Series A of 2015 Co-Mgr 02/27/15 281.560 Pennsylvania Hghr Ed Facs Auth PA Refunding Revenue Bonds Series A & B of 2015 Co-Mgr 03/03/15 308.045 Harris Co (Cypress-Fairbanks) ISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 03/04/15 1,944.865 California CA Various Purpose GO & Ref Bonds Co-Mgr 03/04/15 144.875 Maine Turnpike Authority ME Turnpike Revenue Refunding Bonds Series 2015 Co-Mgr 03/05/15 112.505 Harris Co (Goose Creek) CISD TX School Building & Refunding Bonds Series 2015 Co-Mgr 03/05/15 91.975 Tarrant Co (Birdville) ISD TX Unltd Tax School Building Bonds Series 2015 A Co-Mgr 03/05/15 96.400 Tarrant Co (Birdville) ISD TX Unlimited Tax Refunding Bonds Series 2015 B Co-Mgr 03/09/15 37.055 Harris Co (Deer Park) ISD TX Limited Tax Refunding Bonds Series 2015 Co-Mgr 03/09/15 8.840 Hays Co (Wimberley) ISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 03/10/15 54.530 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2015 Series B Co-Mgr 03/11/15 167.800 Lincoln City-Nebraska NE Revenue & Refunding Bonds Series 2015 A Co-Mgr 03/11/15 116.150 Univ of North Carolina Bd of Gov NC General Revenue Bonds Series 2015 Co-Mgr 03/12/15 32.265 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 175 & 176 Co-Mgr 03/12/15 57.595 Massachusetts Housing Fin Agcy MA Single Family Housing Rev Bonds Series 177 Co-Mgr 03/12/15 275.055 Metropolitan Transport Auth (MTA) NY Transportation Revenue Bonds Series 2015 B Co-Mgr 03/12/15 215.105 Missouri Jt Muni Elec Util Comm MO Power Project Revenue Ref Bonds Series 2015 A Co-Mgr 03/13/15 381.785 Regents of the Univ of California CA General Revenue Bonds 2015 Series AP Co-Mgr 03/13/15 436.455 Regents of the Univ of California CA Ltd Project Revenue Bonds 2015 Series J Co-Mgr 03/13/15 797.020 Regents of the Univ of California CA General Revenue Bonds 2015 Series AO Co-Mgr 03/13/15 1,235.030 Regents of the Univ of California CA Limited Project Revenue Bonds 2015 Series I Co-Mgr 03/16/15 799.660 New York City-New York NY General Obligation Bonds 2015 Series C & D Co-Mgr 03/17/15 21.180 Massachusetts Housing Fin Agcy MA Housing Bonds 2015 Series C Co-Mgr 03/17/15 38.075 Massachusetts Housing Fin Agcy MA Housing Bonds 2015 Series B Co-Mgr 03/17/15 47.910 Massachusetts Housing Fin Agcy MA Housing Bonds 2015 Series A Co-Mgr 03/17/15 297.100 North Carolina Medical Care Commiss NC Health Care Revenue Bonds Series 2015 Co-Mgr 03/17/15 5.000 Oregon OR General Obligation Bonds 2015 Series G Co-Mgr 03/17/15 9.125 Oregon OR General Obligation Bonds 2015 Series I Co-Mgr 03/17/15 72.860 Oregon OR General Obligation Bonds 2015 Series H Co-Mgr 03/17/15 171.595 Oregon OR General Obligation Bonds 2015 Series F Co-Mgr 03/17/15 41.655 Rockingham Co-North Carolina NC Limited Oblig Refunding Bonds Series 2015 Co-Mgr 03/17/15 33.895 San Juan Co-New Mexico NM Refunding & Improvement Rev Bonds Series 2015 A & B Co-Mgr 03/18/15 210.600 Kentucky Municipal Power Agency KY Power System Revenue Ref Bonds Series 2015 A Co-Mgr 03/19/15 96.420 Volusia Co Educational Fac Auth FL Educational Facilities Rev Bonds Series 2015 Co-Mgr 03/20/15 25.875 Lower Colorado River Authority (LCRA) TX Refunding Revenue Bonds Series 2015 A Co-Mgr 03/20/15 99.060 Lower Colorado River Authority (LCRA) TX Refunding Revenue Bonds Series 2015 B Co-Mgr 03/24/15 2.820 Marshfield City-Wisconsin WI GO Promissory Notes Series 2015 A Co-Mgr 03/25/15 118.775 Denton Co ISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 03/25/15 1,692.050 Golden State Tobacco Sec Corp CA Tobacco Settle Asset-Backed Bonds Series 2015 A Co-Mgr 03/26/15 221.640 Palm Beach Co School Board FL Certificates of Participation Series 2015 D Co-Mgr 03/26/15 207.240 Wisconsin WI Transportation Revenue Ref Bonds 2015 Series 1 Co-Mgr 03/27/15 6.785 Virginia College Building Auth VA Educational Facs Revenue Bonds Series 2015 C Co-Mgr 03/27/15 578.110 Virginia College Building Auth VA Educational Facs Rev & Ref Bonds Series 2015 A & B Co-Mgr 03/31/15 14.660 Arizona Board of Regents AZ System Revenue Refunding Bonds Series 2015 B Co-Mgr 03/31/15 103.950 Arizona Board of Regents AZ System Revenue & Rev Ref Bonds Series 2015 A Co-Mgr 03/31/15 59.915 Clark Co-Nevada NV Airport Sys Revenue Bonds Senior Series 2015 A Co-Mgr 04/01/15 382.922 California Dept of Wtr Resources CA Power Supply Revenue Bonds Series 2015 O Co-Mgr 04/01/15 382.923 California Dept of Wtr Resources CA Power Supply Revenue Bonds Series 2015 O Co-Mgr 04/01/15 287.395 Indiana Finance Authority IN Hospital Revenue Refunding Bonds Series 2015 A Co-Mgr 04/01/15 17.130 NYC Municipal Water Fin Auth NY Water & Sewer System Rev Bonds Series GG Co-Mgr 04/01/15 433.155 NYC Municipal Water Fin Auth NY Water & Sewer System Rev Bonds Series GG Co-Mgr 04/01/15 15.080 New Jersey Inst of Tech (NJIT) NJ General Obligation Bonds 2015 Series A Co-Mgr 04/01/15 101.600 New Jersey Inst of Tech (NJIT) NJ General Obligation Bonds 2015 Series A Co-Mgr 04/01/15 18.070 Nueces Co-Texas TX Comb Tax & Rev Certs of Oblig Series 2015 Co-Mgr 04/01/15 27.550 Nueces Co-Texas TX GO Refunding Bonds Series 2015 Co-Mgr 04/01/15 275.820 Philadelphia City-Pennsylvania PA Water & Wastewater Revenue Bonds Series 2015 A Co-Mgr 04/01/15 500.000 Regents of the Univ of California CA General Revenue Bonds 2015 Series AQ Co-Mgr 04/01/15 34.625 University of Connecticut CT GO Refunding Bonds 2015 Series A Co-Mgr 04/01/15 220.165 University of Connecticut CT General Obligation Bonds 2015 Series A Co-Mgr 04/07/15 107.290 San Diego Public Facs Fin Auth CA Lease Revenue Bonds Series 2015 A & B Co-Mgr 04/08/15 95.885 California Municipal Fin Auth CA Revenue Bonds Series 2015 A Co-Mgr 04/08/15 74.970 Smith Co (Tyler) ISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 04/08/15 18.305 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2015 Series A Co-Mgr 04/08/15 38.405 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2015 Series B Co-Mgr 04/09/15 75.550 Tennessee State School Bond Au TN Higher Ed Facs 2nd Prog Bonds 2015 Series A Co-Mgr 04/09/15 388.615 Tennessee State School Bond Au TN Higher Ed Facs 2nd Prog Bonds 2015 Series B Co-Mgr 04/10/15 63.850 NYS Dorm Authority NY Revenue Bonds Series 2015 A Co-Mgr 04/10/15 627.585 NYS Dorm Authority NY Revenue Bonds Series 2015 A Co-Mgr 04/10/15 79.880 St Lucie Co SD FL Sales Tax Refunding Rev Bonds Series 2015 Co-Mgr 04/13/15 150.000 Missouri Hlth & Ed Facs Authority MO Health Facilities Revenue Bonds Series 2015 A Co-Mgr 04/14/15 3.645 Oregon OR General Obligation Bonds 2015 Series L Co-Mgr 04/14/15 36.705 Oregon OR General Obligation Bonds 2015 Series K Co-Mgr 04/14/15 55.770 Oregon OR General Obligation Bonds 2015 Series J Co-Mgr 04/15/15 125.000 Port Authority of NY & NJ NY Consolidated Bonds 188th Series Co-Mgr 04/15/15 160.000 Port Authority of NY & NJ NY Consolidated Bonds 190th Series Co-Mgr 04/15/15 490.000 Port Authority of NY & NJ NY Consolidated Bonds 189th Series Co-Mgr 04/15/15 98.675 Tarrant Co (Keller) ISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 04/16/15 373.390 Washington Health Care Facs Au WA Revenue Bonds Series 2015 A & B Co-Mgr 04/17/15 650.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2015 Ser E Sub E-1 Co-Mgr 04/21/15 20.000 Chicago City BOE IL Unlimited Tax GO Bonds Series 2015 E Co-Mgr 04/21/15 280.000 Chicago City BOE IL Unlimited Tax GO Bonds Series 2015 C Co-Mgr 04/22/15 159.205 Allen Co-Ohio OH Hospital Facs Rev Ref & Imp Bonds Series 2015 A Co-Mgr 04/23/15 250.000 Connecticut CT State Revolving Fund Rev Bonds 2015 Series A Co-Mgr 04/23/15 98.415 Energy Northwest WA Electric Revenue &Refunding Bonds Series 2015-A Co-Mgr 04/23/15 428.900 Energy Northwest WA Electric Revenue &Refunding Bonds Series 2015-A Co-Mgr 04/24/15 375.155 Energy Northwest WA Electric Revenue Refunding Bonds Series 2015-B Co-Mgr 04/28/15 187.345 Nebraska Pub Pwr Generation Agcy NE Revenue Refunding Bonds 2015 Series A Co-Mgr 04/29/15 7.155 Jacksonville Electric Authority FL Refunding Revenue Bonds Issue 2 Series 27 Co-Mgr 04/29/15 65.970 Jacksonville Electric Authority FL Refunding Revenue Bonds Issue 2 Series 26 Co-Mgr 04/29/15 64.740 Laredo City-Texas TX GO Refunding Bonds Series 2015 Co-Mgr 04/29/15 69.120 Tennessee Hsg Dev Agcy (THDA) TN Housing Finance Program Bonds Issue 2015-A Co-Mgr 04/29/15 94.730 Tennessee Hsg Dev Agcy (THDA) TN Housing Finance Program Bonds Issue 2015-A Co-Mgr 04/30/15 80.145 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2015 Co-Mgr 05/06/15 182.165 Pennsylvania State University PA Revenue & Refunding Bonds Series A & B of 2015 Co-Mgr 05/06/15 90.205 Williamson Co-Texas TX Unlimited Tax Road Bonds Series 2015 Co-Mgr 05/07/15 44.710 Indiana Finance Authority IN Lease Appropriation Ref Bonds Series 2015 A Co-Mgr 05/07/15 296.530 Indiana Finance Authority IN Lease Appropriation Ref Bonds Series 2015 A Co-Mgr 05/07/15 50.000 North Carolina Medical Care Commiss NC Health Care Facs Revenue Bonds Series 2015 A Co-Mgr 05/07/15 225.000 Triborough Bridge & Tunnel Auth NY General Revenue Bonds Series 2015 A Co-Mgr 05/08/15 93.365 Alaska Housing Finance Corp AK State Capital Project Bonds II 2015 Series B Co-Mgr 05/12/15 50.625 Asheville City-North Carolina NC Water System Revenue Ref Bonds Series 2015 Co-Mgr 05/12/15 40.226 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2015 Series C Co-Mgr 05/13/15 85.090 Charlotte City-North Carolina NC GO Refunding Bonds Series 2015 Co-Mgr 05/13/15 10.000 Connecticut CT General Obligation Bonds 2015 Series B-1 Co-Mgr 05/13/15 85.130 Connecticut CT General Obligation Bonds 2015 Series B-4 Co-Mgr 05/13/15 107.620 Connecticut CT General Obligation Bonds 2015 Series B-2 Co-Mgr 05/13/15 297.250 Connecticut CT General Obligation Bonds 2015 Series B-3 Co-Mgr 05/13/15 195.720 Harris Co Cult Ed Facs Fin Corp TX Hospital Revenue Bonds Series 2015 -1 Co-Mgr 05/13/15 19.500 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Series 2015-1C Co-Mgr 05/13/15 25.400 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Series 2015-1A Co-Mgr 05/13/15 105.100 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Series 2015 1B & 1C Co-Mgr 05/14/15 36.225 Collier Co School Board FL Ref Certificates of Participation Series 2015 Co-Mgr 05/19/15 7.580 Dallas Co (Garland) ISD TX Unltd Tax School Building Bonds Series 2015 B Co-Mgr 05/19/15 185.740 Dallas Co (Garland) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2015 A Co-Mgr 05/20/15 139.525 Collin Co (Frisco) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2015 Co-Mgr 05/20/15 452.530 NYC Municipal Water Fin Auth NY Wtr Swr Sys 2nd Gen Res Rev Bonds Series HH Co-Mgr 05/21/15 50.000 Florida Citizens Prop Ins Corp FL Coastal Account Sr Secured Bonds Series 2015 A-1 Co-Mgr 05/21/15 150.000 Florida Citizens Prop Ins Corp FL Coastal Account Sr Secured Bonds Series 2015 A-1 Co-Mgr 05/21/15 225.000 Florida Citizens Prop Ins Corp FL Coastal Account Sr Secured Bonds Series 2015 A-1 Co-Mgr 05/21/15 275.000 Florida Citizens Prop Ins Corp FL Coastal Account Sr Secured Bonds Series 2015 A-1 Co-Mgr 05/21/15 264.930 North Carolina NC Grant Antic Rev Vehicle Bonds Series 2015 Co-Mgr 05/21/15 46.100 North Dakota Housing Fin Agency ND Housing Finance Program Bonds 2015 Series B Co-Mgr 05/29/15 85.570 Georgia Higher Ed Facs Auth GA Refunding Revenue Bonds Series 2015 Co-Mgr 06/03/15 300.000 New York City-New York NY General Obligation Bonds 2015 Ser F Sub F-1 Co-Mgr 06/03/15 316.690 New York City-New York NY General Obligation Bonds 2015 Series 1 Co-Mgr 06/03/15 2.000 Oregon OR GO Higher Education Bonds 2015 Series N Co-Mgr 06/03/15 12.660 Oregon OR GO Higher Education Bonds 2015 Series M Co-Mgr 06/03/15 100.865 Oregon OR GO Higher Education Bonds 2015 Series ) Co-Mgr 06/04/15 56.470 Charlotte City-North Carolina NC Ref Certificates of Participation Series 2015 B Co-Mgr 06/04/15 534.190 District of Columbia DC GO & GO Refunding Bonds Series 2015 A & B Co-Mgr 06/04/15 245.965 Lower Colorado River Authority (LCRA) TX Transmission Contract Ref Bonds Series 2015 Co-Mgr 06/04/15 503.640 NYS Dorm Authority NY Revenue Bonds Series 2015 A Co-Mgr 06/04/15 191.830 St Paul Housing & Redev Auth MN Health Care Facs Rev Ref Bonds Series 2015 B Co-Mgr 06/04/15 306.395 St Paul Housing & Redev Auth MN Health Care Facs Rev Ref Bonds Series 2015 A Co-Mgr 06/04/15 24.330 Sumter Co-Florida FL Capital Improvement Revenue Bonds Series 2015 B Co-Mgr 06/10/15 27.790 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2015 Co-Mgr 06/16/15 172.540 Idaho Housing & Fin Assoc ID Grant & Revenue Antic Ref Bonds 2015 Series A Co-Mgr 06/17/15 35.785 Massachusetts Housing Fin Agcy MA Housing Bonds 2015 Series D Co-Mgr 06/17/15 2.900 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series D-1 B Co-Mgr 06/17/15 7.200 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series D-1 C Co-Mgr 06/17/15 20.475 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series D-1 B Co-Mgr 06/17/15 30.000 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series D-1 B Co-Mgr 06/17/15 64.140 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series D-2 Co-Mgr 06/17/15 182.490 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Ser D 1 A & B Co-Mgr 06/17/15 254.100 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Ser D 1 A & B Co-Mgr 06/17/15 17.310 St Louis City-Missouri MO Airport Revenue Refunding Bonds Series 2015 Co-Mgr 06/18/15 750.000 NYC Transitional Finance Auth NY Revenue Bonds 2015 Series S-2 Co-Mgr 06/19/15 72.415 Cape Coral City-Florida FL Water & Sewer Ref Rev Bonds Series 2015 Co-Mgr 06/24/15 97.915 Alaska Railroad Corporation AK Cap Grant Receipts & Ref Bonds Series 2015 A & B Co-Mgr 06/24/15 257.300 Maryland Hlth & Hghr Ed Facs Au MD Revenue Bonds Series 2015 Co-Mgr 06/24/15 250.000 Massachusetts MA GO Consolidated Loan Bonds 2015 Series C Co-Mgr 06/24/15 701.705 Massachusetts MA GO Refunding Bonds 2015 Series A Co-Mgr 06/24/15 219.770 NYS Environmental Facs Corp NY Clean Wtr & Drinking Rev Bonds Series 2015 A Co-Mgr 06/25/15 224.600 Harris Co (Klein) ISD TX Unltd Tax Schoolhouse & Ref Bonds Series 2015 A Co-Mgr 06/25/15 220.300 Tarrant Co (Arlington) ISD TX Unlimited Tax Sch Building Bonds Series 2015 Co-Mgr 06/25/15 5.240 West Virginia Hospital Fin Auth WV Hospital Refunding Revenue Bonds Series 2015 Co-Mgr 06/25/15 114.925 Winchester Econ Dev Au VA Hospital Revenue Refunding Bonds Series 2015 Co-Mgr 06/30/15 65.350 University of Alaska AK General Revenue Bonds 2015 Series T Co-Mgr 07/01/15 92.755 Indiana Finance Authority IN Lease Appropriation Bonds Series 2015 C Co-Mgr 07/01/15 34.775 UCF Convocation Corp FL Refunding Revenue Bonds Series 2015 B Co-Mgr 07/01/15 48.385 UCF Convocation Corp FL Refunding Revenue Bonds Series 2015 A Co-Mgr 07/07/15 34.835 Western Minnesota Municipal Power Agcy MN Power Supply Revenue Ref Bonds 2015 Series A Co-Mgr 07/08/15 40.000 Austin City-Texas TX Wtr & Wstwtr Sys Rev Ref Bonds Series 2015 B Co-Mgr 07/08/15 249.145 Austin City-Texas TX Wtr & Wstwtr Sys Rev Ref Bonds Series 2015 A Co-Mgr 07/08/15 9.150 Jacksonville Electric Authority FL Electric System Revenue Bonds Series Three 2015 B Co-Mgr 07/08/15 33.205 Jacksonville Electric Authority FL Electric System Revenue Bonds Series Three 2015 B Co-Mgr 07/09/15 17.610 North Carolina Muni Pwr Agcy #1 NC Catawba Electrict Rev Ref Bonds Series 2015 E Co-Mgr 07/09/15 23.930 North Carolina Muni Pwr Agcy #1 NC Catawba Electric Rev Ref Bonds Series 2015 D Co-Mgr 07/09/15 30.000 North Carolina Muni Pwr Agcy #1 NC Catawba Electric Rev Ref Bonds Series 2015 A Co-Mgr 07/09/15 408.525 North Carolina Muni Pwr Agcy #1 NC Catawba Electric Rev & Ref Bonds Series 2015 A B C Co-Mgr 07/14/15 263.545 Arizona School Facilities Board AZ Ref Certificates of Participation Series 2015 A Co-Mgr 07/14/15 57.710 El Paso City-Texas TX Comb Tax & Rev Certs of Oblig Series 2015 Co-Mgr 07/14/15 116.415 El Paso City-Texas TX GO Refunding & Improvement Bonds Series 2015 Co-Mgr 07/14/15 249.660 Montgomery Co ISD TX Unltd Tax School Bldg & Ref Bonds Series 2015 Co-Mgr 07/14/15 11.710 San Patricio Co (Gregory-Portland) ISD TX Unltd Tax School Building Bonds Series 2015 Co-Mgr 07/15/15 75.000 Lehigh Co General Purpose Auth PA Hospital Revenue Bonds Series A of 2015 Co-Mgr 07/16/15 93.420 Bexar Co (Northside) ISD TX Unltd Tax Sch Bldg & Ref Bonds Series 2015 Co-Mgr 07/16/15 27.395 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2015 A Co-Mgr 07/16/15 421.430 North Carolina Eastern Municipal Power Agency NC Revenue Bonds Series 2015 Co-Mgr 07/21/15 31.370 NYS Environmental Facs Corp NY State Revolv Funds Rev Bonds Series 2015 C Co-Mgr 07/21/15 80.520 NYS Environmental Facs Corp NY State Revolv Funds Rev Bonds Series 2015 B Co-Mgr 07/21/15 25.905 Port of Houston Auth TX Unlimited Tax Refunding Bonds Series 2015 B Co-Mgr 07/21/15 27.260 Port of Houston Auth TX Unlimited Tax Refunding Bonds Series 2015 C Co-Mgr 07/21/15 62.805 Port of Houston Auth TX Unlimited Tax Refunding Bonds Series 2015 A Co-Mgr 07/22/15 19.275 Imperial Irrigation Dt CA Electric Revenue Refunding Bonds Series 2015 A Co-Mgr 07/22/15 19.990 Imperial Irrigation Dt CA Electric Revenue Refunding Bonds Series 2015 B Co-Mgr 07/23/15 76.455 California Educational Facs Auth CA Revenue Bonds Series 2015 Co-Mgr 07/23/15 10.800 Connecticut Housing Finance Auth CT Housing Mtg Finance Prog Bonds 2015 Ser C Sub C-2 Co-Mgr 07/23/15 105.000 Connecticut Housing Finance Auth CT Housing Mtg Finance Prog Bonds 2015 Ser C Sub C-1 Co-Mgr 07/23/15 109.235 Love Field Airport Modernization Corp TX General Airport Revenue Bonds Series 2015 Co-Mgr 07/23/15 1,523.100 NYS Dorm Authority NY Sales Tax Revenue Bonds Series 2015 A Co-Mgr 07/24/15 477.110 Metropolitan Transport Auth (MTA) NY Transportation Rev Ref Bonds Ser 2015 C Subser C1 Co-Mgr 07/29/15 191.370 Harris Co-Texas TX Permanent Improvement & Ref Bonds Series 2015 A Co-Mgr 07/29/15 32.860 Marion Co School Board FL Ref Certificates of Participation Series 2015 B Co-Mgr 07/30/15 43.070 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2015 Series A Co-Mgr 07/30/15 63.255 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2015 Series B & C Co-Mgr 07/30/15 45.475 New Mexico Finance Auth (NMFA) NM Revolving Fund Revenue Bonds Series 2015 C Co-Mgr 07/31/15 8.150 Atascosa Co (Pleasanton) ISD TX Unltd Tax School Building Bonds Series 2015 Co-Mgr 07/31/15 50.625 Atascosa Co (Pleasanton) ISD TX Unltd Tax School Building Bonds Series 2015 Co-Mgr 07/31/15 90.520 Corpus Christi City-Texas TX General Improvement Bonds Series 2015 Co-Mgr 07/31/15 750.475 New York City-New York NY General Obligation Bonds Series A & B Co-Mgr 08/04/15 792.840 Central Puget Sound Reg Tran Au WA Sales Tax Improvement & Ref Bonds Series 2015 S-1 Co-Mgr 08/05/15 367.455 NYS Environmental Facs Corp NY State Revolv Funds Rev Bonds Series 2015 D Co-Mgr 08/05/15 8.645 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2015 Series B Co-Mgr 08/05/15 79.195 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2015 Series A Co-Mgr 08/06/15 92.790 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Rev Bonds 2015 Series C Co-Mgr 08/07/15 2.510 Ocean Co-New Jersey NJ GO Refunding Bonds Series 2015 B Co-Mgr 08/07/15 74.950 Ocean Co-New Jersey NJ GO Refunding Bonds Series 2015 A Co-Mgr 08/11/15 117.175 New Jersey Educational Facs Au NJ Revenue Refunding Bonds Series 2015 H Co-Mgr 08/12/15 34.055 Cameron Co (Los Fresnos) CISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 08/13/15 93.790 CIVICVentures AK Revenue Refunding Bonds Series 2015 Co-Mgr 08/14/15 373.960 District of Columbia DC Hospital Revenue Refunding Bonds Series 2015 Co-Mgr 08/19/15 415.825 Illinois Finance Authority IL Revenue Bonds Series 2015 A Co-Mgr 08/19/15 55.000 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2015-117B Co-Mgr 08/19/15 95.240 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2015-117A Co-Mgr 08/19/15 97.790 Port of Morrow-Oregon OR Transmission Facs Rev Bonds Series 2015 Co-Mgr 08/20/15 581.290 NY Convention Center Dev Corp NY Revenue Refunding Bonds Series 2015 Co-Mgr 08/21/15 42.810 Metropolitan Transport Auth (MTA) NY Transportation Revenue Ref Bonds Series 2015 D Co-Mgr 08/21/15 69.495 Metropolitan Transport Auth (MTA) NY Transportation Revenue Ref Bonds Series 2015 D Co-Mgr 08/21/15 244.725 Metropolitan Transport Auth (MTA) NY Transportation Revenue Ref Bonds Series 2015 D-1 Co-Mgr 08/26/15 1,925.825 California CA Various Purpose GO & Ref Bonds Co-Mgr 08/26/15 133.150 Comal ISD TX Unlimited Tax Refunding Bonds Series 2015 A Co-Mgr 09/01/15 31.095 Minnesota Housing Fin Agency MN State Appropriation Bonds 2015 Series C Co-Mgr 09/02/15 133.885 Lower Colorado River Authority (LCRA) TX Refunding Revenue Bonds Series 2015 D Co-Mgr 09/02/15 152.960 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2015 E Co-Mgr 09/02/15 975.970 NYS Dorm Authority NY State Personal Inc Tax Rev Bonds Series 2015 E Co-Mgr 09/02/15 39.635 Port Freeport-Texas TX Sr Lien Revenue & Refunding Bonds Series 2015 A Co-Mgr 09/10/15 52.285 Emerald Coast Utility Auth FL Utility System Rev Ref Bonds Series 2015 Co-Mgr 09/10/15 28.515 Massachusetts Housing Fin Agcy MA Housing Bonds 2015 Series E Co-Mgr 09/11/15 42.055 Univ of Oklahoma Bd of Regents OK General Revenue Bonds Series 2015 D Co-Mgr 09/11/15 213.705 Univ of Oklahoma Bd of Regents OK General Revenue Bonds Series 2015 C Co-Mgr 09/16/15 70.885 Clifton Higher Ed Finance Corp TX Education Revenue Bonds Series 2015 Co-Mgr 09/16/15 911.360 Texas Transportation Commission TX GO Mobility Fund Refunding Bonds Series 2015 A Co-Mgr 09/17/15 62.240 Virginia Polytechnic Ins & State Univ VA General Rev Pledge & Ref Bonds Series 2015 A-E Co-Mgr 09/23/15 750.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds Series A Subser A-1 Co-Mgr 09/23/15 62.970 Palm Beach Co School Board FL Certificates of Participation Series 2015 C Co-Mgr 09/23/15 12.500 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Series 2015-2B Co-Mgr 09/23/15 43.070 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Series 2015-2A Co-Mgr 09/23/15 119.430 Tennessee Hsg Dev Agcy (THDA) TN Residential Finance Program Bonds Series 2015-2B Co-Mgr 09/23/15 231.910 Wayne Co Airport Auth MI Airport Revenue & Refunding Bonds Series 2015 E & F Co-Mgr 09/23/15 288.145 Wayne Co Airport Auth MI Airport Revenue & Refunding Bonds Series 2015 D & G Co-Mgr 09/24/15 24.455 Washington Biomedical Res Fac 3 WA Lease Revenue Bonds Series 2015 B Co-Mgr 09/24/15 107.615 Washington Biomedical Res Fac 3 WA Lease Revenue Bonds Series 2015 A Co-Mgr 09/29/15 116.300 California St Public Works Board CA Lease Revenue Refunding Bonds 2015 Series G Co-Mgr 09/29/15 431.885 California St Public Works Board CA Lease Revenue Refunding Bonds 2015 Series F Co-Mgr 09/30/15 166.640 Contra Costa Transportation Auth CA Limited Sales Tax Revenue Bonds Series 2015 A Co-Mgr 09/30/15 73.035 Univ of No Texas Bd of Regents TX Revenue Financing Sys Ref Bonds Series 2015 B Co-Mgr 09/30/15 51.085 Washington WA Various Purpose GO Bonds Series 2016 A-2 Co-Mgr 10/01/15 214.450 Greater Orlando Aviation Auth FL Airport Facilities Revenue Bonds Series 2015 A Co-Mgr 10/02/15 839.770 Connecticut CT Special Tax Oblig & Ref Bonds Series 2015 A & B Co-Mgr 10/07/15 28.000 Massachusetts Dev Finance Agcy MA Revenue Bonds Series F (2015) Co-Mgr 10/07/15 206.515 Massachusetts Dev Finance Agcy MA Revenue Bonds Series F (2015) Co-Mgr 10/07/15 26.060 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Revenue Bonds 2015 Series D Co-Mgr 10/08/15 52.365 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2015 Series D Co-Mgr 10/15/15 53.685 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series E-1 & 2 Co-Mgr 10/15/15 61.055 Pennsylvania Turnpike Commission PA Turnpike Subordnate Revenue Bonds Series B of 2015 Co-Mgr 10/15/15 131.160 Pennsylvania Turnpike Commission PA Turnpike Subordnate Revenue Bonds Series B of 2015 Co-Mgr 10/16/15 1,002.115 NYS Utility Debt Securitization Auth NY Restructuring Bonds Series 2015 Co-Mgr 10/20/15 85.000 Clark Co-Nevada NV Highway Revenue Bonds Series 2015 Co-Mgr 10/20/15 209.045 Harris Co (Cypress-Fairbanks) ISD TX Unltd Tax Scool Bldg & Ref Bonds Series 2015 A Co-Mgr 10/20/15 80.685 Missouri Jt Muni Elec Util Comm MO Power Proj Revenue Ref Bonds Series 2015 A Co-Mgr 10/20/15 66.000 North Carolina Housing Fin Agcy NC Home Ownership Rev Ref Bonds Series 36 Co-Mgr 10/20/15 294.025 South Carolina State Ports Auth SC Revenue Bonds Series 2015 Co-Mgr 10/22/15 65.895 Chattanooga Hlth Ed & Hsg Fac Bd TN Student Housing Rev Ref Bonds Series 2015 Co-Mgr 10/22/15 18.465 Vermont Ed & Hlth Bldgs Fin Agy VT Revenue Bonds Series 2015 Co-Mgr 10/23/15 749.660 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2016 Subser B1,C & D Co-Mgr 10/27/15 31.055 Beaumont City-Texas TX Wtrwrks & Swr Sys Rev Ref Bonds Series 2015 A Co-Mgr 10/27/15 71.870 Dallas Co (Mesquite) ISD TX Unltd Tax School Building Bonds Series 2015 E Co-Mgr 10/27/15 234.795 Texas Water Development Board TX Water Financial Assistance Bonds Series 2015 D Co-Mgr 10/29/15 55.620 Alaska Housing Finance Corp AK State Capital Project Bonds II 2015 Series C Co-Mgr 10/30/15 161.575 Harris Co-Texas TX Toll Road Revenue Ref Bonds Series 2015 B Co-Mgr 11/04/15 313.300 Anchorage City-Alaska AK GO & Refunding Bonds Series A B C & D Co-Mgr 11/04/15 34.215 Oregon OR General Obligation Bonds 2015 Series Q Co-Mgr 11/05/15 75.440 New Orleans City-Louisiana LA GO Refunding Bonds Series 2015 Co-Mgr 11/05/15 25.000 Washington State Hsg Fin Comm WA Single Family Program Bonds 2015 Series 1N Co-Mgr 11/05/15 38.845 Washington State Hsg Fin Comm WA Single Family Program Bonds 2015 Series 1A R Co-Mgr 11/06/15 500.000 Massachusetts MA Transportation Fund Rev Bonds 2015 Series A Co-Mgr 11/10/15 64.770 Los Angeles Co Metro Trans Auth CA General Revenue Ref Bonds Series 2015 Co-Mgr 11/10/15 53.880 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Revenue Bonds 2015 Series E Co-Mgr 11/17/15 738.405 Massachusetts School Bldg Auth MA Sr Dedicated Sales Tax Ref Bonds 2015 Series C Co-Mgr 11/17/15 59.070 Oakland State Building Auth CA Lease Revenue Refunding Bonds 2015 Series A Co-Mgr 11/17/15 103.430 San Francisco St Off Bldg Auth CA Lease Revenue Refunding Bonds 2015 Series A Co-Mgr 11/17/15 25.780 San Gorgonio Memorial Healthcare Dt CA GO Refunding Bonds 2015 Series Co-Mgr 11/18/15 24.000 Connecticut CT General Obligation Bonds 2015 Series F-5 Co-Mgr 11/18/15 44.795 Connecticut CT General Obligation Bonds 2015 Series F-1 Co-Mgr 11/18/15 65.000 Connecticut CT General Obligation Bonds 2015 Series G Co-Mgr 11/18/15 100.000 Connecticut CT General Obligation Bonds 2015 Series F-4 Co-Mgr 11/18/15 116.200 Connecticut CT General Obligation Bonds 2015 Series F-3 Co-Mgr 11/18/15 300.005 Connecticut CT General Obligation Bonds 2015 Series F-2 Co-Mgr 11/18/15 26.530 Massachusetts Housing Fin Auth MA Single Family Housing Rev Bonds Series 180 Co-Mgr 11/18/15 86.420 Massachusetts Housing Fin Auth MA Single Family Housing Rev Bonds Series 178 & 179 Co-Mgr 11/18/15 116.300 Mississippi MS General Obligation Bonds Series 2015 G Co-Mgr 11/18/15 21.815 NYC Municipal Water Fin Auth NY Water & Sewer System Rev Bonds 2016 Subser BB-2 Co-Mgr 11/18/15 328.030 NYC Municipal Water Fin Auth NY Water & Sewer System Rev Bonds 2016 Subseries BB-1 Co-Mgr 11/19/15 35.850 Miami Beach Redevelopment Agcy FL Tax Increment Revenue & Ref Bonds Series 2015 B Co-Mgr 11/19/15 286.245 Miami Beach Redevelopment Agcy FL Tax Increment Revenue & Ref Bonds Series 2015 A Co-Mgr 11/20/15 21.145 Hialeah City-Florida FL Special Obligation Ref Rev Bonds Series 2015 B Co-Mgr 11/20/15 25.000 Hialeah City-Florida FL Special Obligation Revenue Bonds Series 2015 A Co-Mgr 11/24/15 39.515 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2015 Series F Co-Mgr 11/24/15 96.930 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2015 Series E Co-Mgr 11/24/15 37.240 Missouri Jt Muni Elec Util Comm MO Power Project Rev Ref Bonds Series 2015 A Co-Mgr 12/01/15 304.005 Pennsylvania Turnpike Commission PA Turnpike Revenue Bonds Series B of 2015 Co-Mgr 12/01/15 306.715 Regents of the University of Michigan MI General Revenue Bonds Series 2015 Co-Mgr 12/01/15 61.305 West Harris Co Regional Wtr Au TX Water Sys Revenue & Ref Bonds Series 2015 A Co-Mgr 12/02/15 30.105 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2015 Subser E-1&2 Co-Mgr 12/02/15 286.225 NYS Dorm Authority NY Dormitory Facilities Rev Bonds Series 2015 B Co-Mgr 12/02/15 50.000 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2015 Series D Co-Mgr 12/03/15 27.705 Southwestern Illinois Dev Auth IL Local Gov Program Rev Bonds Series 2015 A Co-Mgr 12/04/15 96.750 Peoria City-Arizona AZ GO & Refunding Bonds Series 2015 A & B Co-Mgr 12/08/15 333.060 Illinois State Toll Highway Auth IL Toll Highway Senior Rev Ref Bonds 2016 Series A Co-Mgr 12/09/15 14.440 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series G-2 Co-Mgr 12/09/15 16.650 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series G-1 Co-Mgr 12/09/15 57.870 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series G-1 Co-Mgr 12/09/15 87.535 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2015 Series G-1&2 Co-Mgr 12/10/15 21.100 Massachusetts Housing Fin Auth MA Housing Bonds 2015 Series H Co-Mgr 12/10/15 51.600 Massachusetts Housing Fin Auth MA Housing Bonds 2015 Series G Co-Mgr 12/10/15 330.430 Metropolitan Transport Auth (MTA) NY Transportation Revenue Ref Bonds Series 2015 F Co-Mgr 12/10/15 136.105 Missouri Env Imp & Energy Res Au MO Wtr PC & Drinking Wtr Ref Bonds Series 2015 B Co-Mgr 12/10/15 13.050 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Revenue Bonds 2015 Series F Co-Mgr 12/10/15 50.245 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Revenue Bonds 2015 Series G Co-Mgr 12/10/15 254.975 New Jersey Hlth Care Fac Fin Au NJ Revenue and Refunding Bonds Series 2015 A Co-Mgr 12/11/15 41.020 Union Co-North Carolina NC GO Refunding Bonds Series 2015 Co-Mgr 12/15/15 136.870 Harris Co (Spring) ISD TX Unlimited Tax Refunding Bonds Series 2015 Co-Mgr 01/05/16 146.660 Collin Co (Allen) ISD TX Unltd Tax School Building Bonds Series 2016 Co-Mgr 01/07/16 326.945 Wisconsin Public Finance Auth WI Lease Development Revenue Bonds Series 2016 Co-Mgr 01/08/16 543.745 SC Pub Svc Au (Santee Cooper) SC Revenue Refunding Oblig Bonds 2016 Series A Co-Mgr 01/12/16 97.274 Minnesota Housing Fin Agency MN Homeowner Finance Bonds 2016 Series A Co-Mgr 01/13/16 220.325 Connecticut Hlth & Ed Facs Auth CT Revenue Bonds Series 2016 CT Co-Mgr 01/13/16 22.895 Idaho Health Facilities Auth ID Revenue Bonds Series 2016 ID Co-Mgr 01/13/16 271.015 Michigan Finance Authority MI Hospital Revenue & Ref Bonds Series 2016 MI Co-Mgr 01/13/16 41.390 Montgomery Co-Maryland MD Revenue Bonds Series 2016 MD Co-Mgr 01/13/16 32.785 Tampa Bay Water Auth FL Utility System Ref Revenue Bonds Series 2016 B Co-Mgr 01/13/16 96.630 Tampa Bay Water Auth FL Utility System Ref Revenue Bonds Series 2016 A Co-Mgr 01/14/16 285.040 Indiana Finance Authority IN Healthcare System Revenue Bonds Series 2016 A & B Co-Mgr 01/14/16 138.015 Montgomery Co (Conroe) ISD TX School Building & Refunding Bonds Series of 2016 Co-Mgr 01/14/16 149.995 New Jersey Turnpike Authority NJ Turnpike Revenue Bonds Series 2016 A Co-Mgr 01/14/16 128.285 San Joaquin Co (Stockton) USD CA GO Refunding Bonds Series 2016 Co-Mgr 01/20/16 423.990 Massachusetts Dev Finance Agcy MA Revenue Bonds Series Q (2016) Co-Mgr 01/20/16 68.420 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Revenue Bonds 2016 Series A Co-Mgr 01/20/16 107.960 Rockwall ISD TX Unltd Tax School Building Bonds Series 2016 Co-Mgr 01/21/16 389.110 District of Columbia Wtr & Swr Au DC Pub Utility Sub Lien Rev Bonds Series 2016 A Co-Mgr 01/22/16 541.240 Triborough Bridge & Tunnel Auth NY General Revenue Bonds Series 2016 A Co-Mgr 01/26/16 139.225 Nebraska Public Power Dt NE General Revenue Bonds 2016 Series A & B Co-Mgr 01/27/16 61.895 Dallas Co (Grand Prairie) ISD TX Unltd Tax School Building Bonds Series 2016 Co-Mgr 02/09/16 114.620 Fort Bend Co (Lamar) CISD TX Unlimited Tax Refunding Bonds Series 2016 A Co-Mgr 02/09/16 252.745 Missouri Jt Muni Elec Util Comm MO Power Project Revenue Ref Bonds Series 2016 A Co-Mgr 02/10/16 44.545 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2016 Ser Sub A-2 Co-Mgr 02/10/16 100.455 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2016 Ser Sub A-1 Co-Mgr 02/10/16 750.000 NYC Transitional Finance Auth NY Future Tax Secured Sub Bonds 2016 Ser E Sub E-1 Co-Mgr 02/17/16 130.040 Brazoria Co (Alvin) ISD TX Unltd Tax Schoolhouse & Ref Bonds Series 2016 Co-Mgr 02/19/16 337.960 Metropolitan Transport Auth (MTA) NY Transportation Rev Green Bonds Ser 2016 Sub A-2 Co-Mgr 02/19/16 444.560 Metropolitan Transport Auth (MTA) NY Transportation Rev Green Bonds Ser 2016 Sub A-1 Co-Mgr 02/19/16 69.380 North Carolina Muni Pwr Agcy #1 NC Catawba Electric Rev Ref Bonds Series 2016 A Co-Mgr 02/23/16 5.405 Oregon OR General Obligation Bonds 2016 Series B Co-Mgr 02/23/16 33.460 Oregon OR General Obligation Bonds 2016 Series A Co-Mgr 02/24/16 46.545 Ellis Co (Waxahachie) ISD TX School Building Bonds Series 2016 Co-Mgr 02/24/16 133.595 Maryland Eco Dev Corp (MEDCO) MD Student Housing Ref Rev Bonds Series 2016 Co-Mgr 02/25/16 146.530 Collin Co (Allen) ISD TX Unlimited Tax Refunding Bonds Series 2016 Co-Mgr 02/25/16 71.090 Montgomery Co (Willis) ISD TX School Building & Refunding Bonds Series 2016 Co-Mgr 02/25/16 800.505 New York City-New York NY General Obligation Bonds 2016 Series C & D Co-Mgr 03/01/16 70.115 Illinois Housing Dev Authority IL Revenue Bonds 2016 Series A Co-Mgr 03/01/16 352.860 NYC Municipal Water Fin Auth NY Wtr & Swr 2nd Gen Res Rev Bonds 2016 Subser CC-1 Co-Mgr 03/02/16 100.000 California Educational Facs Auth CA Revenue Bonds Series 2016 Co-Mgr 03/02/16 35.955 Fort Lewis College Bd of Trustees CO Enterprise Revenue Ref Bonds Series 2016 A & B Co-Mgr 03/02/16 93.070 Indiana University IN Consolidated Revenue Bonds Series 2016 A Co-Mgr 03/02/16 636.770 NYS Utility Debt Securitization Auth NY Restructuring Bonds Series 2016 A Co-Mgr 03/02/16 30.875 Ohio State University OH General Receipts Bonds Series 2016 B Co-Mgr 03/02/16 600.000 Ohio State University OH General Receipts Bonds Series 2016 A Co-Mgr 03/02/16 103.685 Omaha Public Power Dt (OPPD) NE Separate Electric Sys Rev Bonds 2016 Series A Co-Mgr 03/02/16 36.785 Orange Co School Board FL Certificates of Participation Series 2016 B Co-Mgr 03/02/16 55.345 Tampa Bay Water Auth FL Utility System Refunding Bonds Series 2016 C Co-Mgr 03/08/16 343.730 California CA GO Various Purpose Ref Bonds Co-Mgr 03/08/16 2,357.390 California CA Various Purp & Sch Facs & Ref Co-Mgr 03/09/16 633.321 Empire State Development Corp NY State PIT Revenue Bonds Series 2016 A Co-Mgr 03/09/16 1,021.609 Empire State Development Corp NY State PIT Revenue Bonds Series 2016 A Co-Mgr 03/10/16 50.971 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2016 Series B Co-Mgr 03/10/16 3.350 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2016 Series A Co-Mgr 03/10/16 25.055 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2016 Series A Co-Mgr 03/10/16 92.130 NYC Housing Dev Corp NY Multi-Family Housing Rev Bonds 2016 Series A & D Co-Mgr 03/14/16 750.000 NYC Transitional Finance Auth NY Building Aid Revenue Bonds 2016 Series S-1 Co-Mgr 03/15/16 13.685 Massachusetts Housing Fin Agcy MA Housing Bonds 2016 Series B Co-Mgr 03/15/16 23.310 Massachusetts Housing Fin Agcy MA Housing Bonds 2016 Series C Co-Mgr 03/15/16 24.835 Massachusetts Housing Fin Agcy MA Housing Bonds 2016 Series A Co-Mgr 03/15/16 120.890 Wisconsin WI Clean Water Revenue Ref Bonds 2016 Series 1 Co-Mgr 03/16/16 182.355 Orange Co School Board FL Certificates of Participation Series 2016 C Co-Mgr 03/17/16 13.450 Connecticut CT General Obligation Bonds 2016 Series A-3 Co-Mgr 03/17/16 15.510 Connecticut CT General Obligation Bonds 2016 Series A-6 Co-Mgr 03/17/16 34.225 Connecticut CT General Obligation Bonds 2016 Series A-2 Co-Mgr 03/17/16 117.095 Connecticut CT General Obligation Bonds 2016 Series A-1 Co-Mgr 03/17/16 177.685 Connecticut CT General Obligation Bonds 2016 Series A-5 Co-Mgr 03/17/16 192.035 Connecticut CT General Obligation Bonds 2016 Series A-4 Co-Mgr 03/22/16 143.355 De Kalb Co-Georgia GA GO Refunding Bonds Series 2016 Co-Mgr 03/22/16 75.080 Univ of Oklahoma Bd of Regents OK General Revenue Refunding Bonds Series 2016 A Co-Mgr 03/23/16 216.940 Broward Co School Board FL Certificates of Participation Series 2016 A & B Co-Mgr 03/23/16 557.615 Houston City-Texas TX Pub Improvement Refunding Bonds Series 2016 A Co-Mgr 03/23/16 35.520 Massachusetts Dev Finance Agcy MA Revenue Bonds Series 2016 A Co-Mgr 03/23/16 131.325 New Jersey NJ GO Refunding Bonds Series T Co-Mgr 03/23/16 162.095 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2016-119 Co-Mgr 03/23/16 79.635 So California Pub Pwr Au (SCPPA) CA Refunding Revenue Bonds 2016 Series A Co-Mgr 03/24/16 34.590 Durham Capital Financing Corp NC Ltd Obligation Refunding Bonds Series 2016 Co-Mgr 03/24/16 45.735 Texas Water Development Board TX GO Wtr Financial Assistance Bonds Series 2016 A Co-Mgr 03/30/16 45.570 Pennsylvania Hghr Ed Facs Auth PA Refunding Revenue Bonds Series A 2016 Co-Mgr 03/30/16 124.065 Pennsylvania Hghr Ed Facs Auth PA Refunding Revenue Bonds Series A 2016 Co-Mgr 04/05/16 7.535 Lubbock City-Texas TX Elc Light & Power Sys Rev Bonds Series 2016 Co-Mgr 04/06/16 92.850 Centre Co Hospital Authority PA Hospital Revenue Bonds Series 2016 A & B Co-Mgr 04/06/16 26.660 Lubbock City-Texas TX GO Refunding Bonds Series 2016 Co-Mgr 04/06/16 101.305 Lubbock City-Texas TX Tx & Wtr Sys Rev Certs of Oblig Series 2016 Co-Mgr 04/07/16 80.425 University of Connecticut CT GO Refunding Bonds 2016 Series A Co-Mgr 04/07/16 261.510 University of Connecticut CT General Obligation Bonds 2016 Series A Co-Mgr 04/07/16 75.555 Wisconsin Pub Pwr (WPPI) Energy WI Power Supply System Revenue Bonds Series 2016 A Co-Mgr 04/08/16 1,133.105 California State Univ Trustees CA Systemwide Revenue Bonds Series 2016 A Co-Mgr 04/08/16 50.000 NYS Dorm Authority NY Revenue Bonds Subseries 2016 A-1 Co-Mgr 04/08/16 339.705 NYS Dorm Authority NY Revenue Bonds Subser A-2 & 2016 B Co-Mgr 04/12/16 41.765 Tarrant Co (Grapevine-Colleyville) ISD TX Unlimited Tax Refunding Bonds Series 2016 Co-Mgr 04/13/16 24.060 Tennessee Hsg Dev Agcy (THDA) TN Resdtl Finance Program Bonds Issue 2016 1A Co-Mgr 04/13/16 100.940 Tennessee Hsg Dev Agcy (THDA) TN Residental Fin Program Bonds Issue 2016 1B Co-Mgr 04/14/16 48.940 Wilmington City-North Carolina NC Limited Obligation Ref Bonds Series 2016 Co-Mgr 04/15/16 32.480 Iowa Higher Ed Loan Authority IA Private Coll Fac Rev & Ref Bonds Series 2016 Co-Mgr 04/15/16 65.970 Massachusetts Water Resources Au MA General Revenue Bonds 2016 Series B Co-Mgr 04/15/16 681.615 Massachusetts Water Resources Au MA General Revenue Refunding Bonds 2016 Series C Co-Mgr 04/19/16 64.295 North Dakota Housing Fin Agency ND Housing Finance Program Bonds 2016 Series B Co-Mgr 04/19/16 84.535 North Dakota Housing Fin Agency ND Housing Finance Program Bonds 2016 Series A Co-Mgr 04/19/16 615.000 Texas Transportation Commission TX GO Highway Improvement Bonds Series 2016 Co-Mgr 04/20/16 69.030 Bexar Co (Northside) ISD TX Unltd Tax School Building Bonds Series 2016 Co-Mgr 04/21/16 84.215 Denton Co (Lewisville) ISD TX Unlimited Tax Refunding Bonds Series 2016 B Co-Mgr 04/21/16 250.350 Denton Co (Lewisville) ISD TX Unlimited Tax Refunding Bonds Series 2016 A Co-Mgr 04/21/16 0.405 St Louis Municipal Finance Corp MO Leasehold Revenue Bonds Series 2016 C Co-Mgr 04/21/16 3.635 St Louis Municipal Finance Corp MO Leasehold Revenue Bonds Series 2016 B Co-Mgr 04/21/16 16.865 St Louis Municipal Finance Corp MO Leasehold Rev Refunding Bonds Series 2016 A Co-Mgr 04/21/16 27.500 Washington State Hsg Fin Comm WA Single Family Program Bonds 2016 Series 1N Co-Mgr 04/21/16 30.500 Washington State Hsg Fin Comm WA Single Family Program Bonds 2016 Series 1A-R Co-Mgr 04/26/16 143.280 Denver City and Co SD #1 CO GO Refunding Bonds Series 2016 Co-Mgr 04/27/16 68.495 Connecticut Housing Finance Auth CT Revenue Bonds 2016 Series B-2 Co-Mgr 04/27/16 80.505 Connecticut Housing Finance Auth CT Revenue Bonds Series 2016 B 1 & B Co-Mgr 04/27/16 83.765 Virginia Housing Dev Auth (VHDA) VA Rental Housing Bonds 2016 Series B Co-Mgr 04/28/16 140.610 Nebraska Pub Pwr Generation Agcy NE Revenue Refunding Bonds 2016 Series A Co-Mgr 05/03/16 55.940 Univ of North Carolina Bd of Gov NC General Revenue & Refunding Bonds Series 2016 Co-Mgr 05/03/16 89.110 Washington State University WA General Revenue & Refunding Bonds Series 2016 Co-Mgr 05/04/16 125.630 American Municipal Power Inc OH Revenue Bonds Series 2016 A Co-Mgr 05/05/16 850.000 NYS Thruway Authority NY Gen Rev Jr Indebtedness Oblig Series 2016 A Co-Mgr 05/05/16 200.000 Port Authority of NY & NJ NY Consolidated Bonds 196th Series Co-Mgr 05/05/16 312.620 Port Authority of NY & NJ NY Consolidated Bonds 195th Series Co-Mgr 05/06/16 114.150 Ohio Housing Finance Agency (OHFA) OH Residential Mortgage Rev Bonds 2016 Series D Co-Mgr 05/10/16 75.340 Fort Bend Co-Texas TX Unlimited Tax Road & Ref Bonds Series 2016 A Co-Mgr 05/10/16 94.420 Fort Bend Co-Texas TX Limited Tax & Refunding Bonds Series 2016 B Co-Mgr 05/10/16 56.275 Oregon Hsg & Comm Svcs Dept OR Mortgage Revenue Bonds 2016 Series A Co-Mgr 05/11/16 15.055 Oregon OR General Obligation Bonds 2016 Series E Co-Mgr 05/11/16 41.275 Oregon OR General Obligation Bonds 2016 Series H Co-Mgr 05/11/16 46.790 Oregon OR GO Refunding Bonds 2016 Series G Co-Mgr 05/11/16 67.395 Oregon OR General Obligation Bonds 2016 Series D Co-Mgr 05/11/16 180.930 Oregon OR GO Refunding Bonds 2016 Series F Co-Mgr 05/11/16 25.165 University of Cincinnati OH General Receipts Bonds Serie 2016 B Co-Mgr 05/11/16 46.215 University of Cincinnati OH General Receipts Bonds Series 2016 A Co-Mgr 05/12/16 358.030 Ctl Texas Reg Mobility Au (CTRMA) TX Senior Lien Revenue Ref Bonds Series 2016 Co-Mgr 05/12/16 157.270 NYS Dorm Authority NY Revenue Bonds Series 2016 A Co-Mgr 05/12/16 118.545 Southwest Higher Ed Auth TX Higher Education Revenue Bonds Series 2016 A Co-Mgr 05/13/16 155.770 Cape Fear Public Utility Auth NC Water & Sewer Sys Ref Rev Bonds Series 2016 Co-Mgr 05/17/16 52.400 Georgia Housing Finance Authority GA Single Family Mortgage Bonds 2016 Ser A Subser A2 Co-Mgr 05/17/16 55.000 Georgia Housing Finance Authority GA Single Family Mortgage Bonds 2016 Ser A Subser A1 Co-Mgr 05/17/16 44.680 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2016 Series A Co-Mgr 05/17/16 55.000 South Dakota Housing Dev Auth SD Homeownership Mortgage Bonds 2016 Series B Co-Mgr 05/18/16 121.260 El Paso City-Texas TX GO Refunding Bonds Series 2016 Co-Mgr 05/18/16 68.080 Wisconsin Public Finance Auth WI Exempt Facs Ref Revenue Bonds 2016 Series Co-Mgr 05/19/16 23.685 Charlotte City-North Carolina NC Certificates of Participation Series 2016 B Co-Mgr 05/19/16 33.010 Charlotte City-North Carolina NC Ref Certificates of Participation Series 2016 A Co-Mgr 05/19/16 363.305 Georgia Muni Electric Au (MEAG) GA Subordinated Revenue Bonds Series 2016 A Co-Mgr 05/19/16 45.820 Illinois Finance Authority IL Health Facilities Revenue Bonds Series 2016 D Co-Mgr 05/19/16 176.770 Iowa Finance Authority IA Health Facilities Revenue Bonds Series 2016 E Co-Mgr 05/19/16 800.470 New York City-New York NY General Obligation Bonds Series E & F Co-Mgr 05/20/16 588.305 Metropolitan Transport Auth (MTA) NY Dedicated Tax Fd & Ref Bonds Series 2016 B 1 & 2 Co-Mgr 05/24/16 208.960 Collin Co (Frisco) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2016 A Co-Mgr 05/24/16 150.111 Virginia Housing Dev Auth (VHDA) VA Commonwealth Mortgage Bonds 2016 Series A Co-Mgr 05/25/16 2.195 Connecticut CT GO Refunding Bonds 2016 Series B-2 Co-Mgr 05/25/16 5.155 Connecticut CT GO Refunding Bonds 2016 Series B-3 Co-Mgr 05/25/16 494.090 Connecticut CT GO Refunding Bonds 2016 Series B-1 Co-Mgr 05/25/16 15.590 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2016 Series C Co-Mgr 05/25/16 63.135 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2016 Series A Co-Mgr 05/25/16 74.985 Minnesota Housing Fin Agency MN Residential Housing Finance Bonds 2016 Series B Co-Mgr 05/25/16 220.000 Washington Metro Area Transit Au DC Gross Revenue Transit Bonds Series 2016 A Co-Mgr 05/27/16 32.355 Charlotte City-North Carolina NC Storm Water Fee Revenue Ref Bonds Series 2016 Co-Mgr 06/02/16 84.205 El Paso City-Texas TX Comb Tax & Rev Certs of Oblig Series 2016 Co-Mgr 06/02/16 175.305 El Paso City-Texas TX General Obligation Bonds Series 2016 Co-Mgr 06/02/16 50.000 NYS Dorm Authority NY Revenue Bonds Series 2016 A Co-Mgr 06/02/16 532.875 NYS Dorm Authority NY Revenue Bonds Series 2016 A Co-Mgr 06/02/16 10.930 Oklahoma Dev Finance Auth OK Higher Ed Master Real Prop Bonds Series 2016 C Co-Mgr 06/02/16 18.825 Oklahoma Dev Finance Auth OK Higher Ed Master Real Prop Bonds Series 2016 B Co-Mgr 06/02/16 37.980 University of Cincinnati OH General Receipts Bonds Series 2016 C Co-Mgr 06/07/16 89.445 Clarksville City-Tennessee TN Water Sewer & Gas Rev Ref Bonds Series 2016 Co-Mgr 06/07/16 351.940 Pennsylvania State University PA Refunding Bonds Series A & B of 2016 Co-Mgr 06/07/16 57.235 Univ of North Carolina-Wilmington NC Refunding Ltd Obligation Bonds Series 2016 Co-Mgr 06/08/16 231.825 California Statewide CDA (CSCDA) CA Revenue Bonds Series 2016 A Co-Mgr 06/08/16 190.040 Lower Colorado River Authority (LCRA) TX Transmission Contract Ref Bonds Series 2016 Co-Mgr 06/08/16 64.840 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2016 A Co-Mgr 06/08/16 447.850 Pennsylvania Turnpike Commission PA Turnpike Revenue Bonds Series A-1 of 2016 Co-Mgr 06/09/16 90.645 Hernando Co School Board FL Ref Certificates of Participation Series 2016 A Co-Mgr 06/09/16 42.000 Maine State Housing Authority ME Mortgage Purchase Bonds 2016 Series B-1 Co-Mgr 06/10/16 530.105 Harris Co-Texas TX Toll Road Sr Lien Rev Ref Bonds Series 2016 A Co-Mgr 06/14/16 141.600 California Infrstr & Eco Dev Bank CA Infras State Revolv Fund Bonds Series 2016 A Co-Mgr 06/14/16 23.370 Metro Washington Airports Auth DC Airport System Revenue Ref Bonds Series 2016 B Co-Mgr 06/14/16 362.655 Metro Washington Airports Auth DC Airport System Revenue Ref Bonds Series 2016 A Co-Mgr 06/15/16 500.955 NYS Environmental Facs Corp NY State Clean & Drinking Wtr Bonds Serise 2016 A Co-Mgr 06/21/16 118.175 California Housing Finance Agcy CA Home Mortgage Revenue Bonds 2016 Series A Co-Mgr 06/21/16 118.175 California Housing Finance Agcy CA Home Mortgage Revenue Bonds 2016 Series A Co-Mgr 06/21/16 265.425 Iowa IA Special Oblig Refunding Bonds Series 2016 A Co-Mgr 06/22/16 302.690 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Rev Bonds 2016 Series C Co-Mgr 06/22/16 214.265 Pennsylvania Housing Fin Agency PA Single Family Mortgage Rev Bonds Series 2016-120 Co-Mgr 06/23/16 276.815 Allegheny Co-Pennsylvania PA GO & Refunding Bonds Series C-75 & C-76 Co-Mgr 06/23/16 173.250 Colorado Health Facilities Auth CO Hospital Revenue Bonds Series 2016 C Co-Mgr 06/23/16 202.750 Colorado Health Facilities Auth CO Hospital Revenue Bonds Series 2016 A & B Co-Mgr 06/23/16 170.245 Dallas City-Texas TX Wtrwrks & Sewer Sys Rev Ref Bonds Series 2016 B Co-Mgr 06/23/16 370.100 Dallas City-Texas TX Wtrwrks & Sewer Sys Rev Ref Bonds Series 2016 A Co-Mgr 06/23/16 17.065 Frisco City-Texas TX Comb Tax & Surplus Rev Cert Oblig Series 2016 A Co-Mgr 06/23/16 20.500 Frisco City-Texas TX Comb Tax & Surplus Rev Cert Oblig Series 2016 B Co-Mgr 06/23/16 120.615 Frisco City-Texas TX GO Refunding & Improvement Bonds Series 2016 Co-Mgr 06/23/16 48.485 Metropolitan Transport Auth (MTA) NY Transportation Revenue Ref Bonds Series 2016 B Co-Mgr 06/23/16 625.505 Metropolitan Transport Auth (MTA) NY Transportation Revenue Ref Bonds Series 2016 B Co-Mgr 06/23/16 59.950 Michigan MI GO Environmental Prog Ref Bonds Series 2016 B Co-Mgr 06/23/16 129.085 Michigan MI GO School Loan Refunding Bonds Series 2016 A Co-Mgr 06/24/16 76.930 Greater Orlando Aviation Auth FL Priority Subor Airport Facs Bonds Series 2016 Co-Mgr 06/28/16 29.465 Collin Co (Anna) ISD TX Unlimited Sch Bldg & Ref Bonds Series 2016 Co-Mgr 06/28/16 45.525 Collin Co (Melissa) ISD TX Unltd Tax School Bldg & Ref Bonds Series 2016 Co-Mgr 06/28/16 79.790 Iowa IA Special Obligation Ref Bonds Series 2016 Co-Mgr 06/29/16 15.455 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2016 Series C-3 Co-Mgr 06/29/16 47.050 Connecticut Housing Finance Auth CT Housing Mortgage Fin Prog Bonds 2016 Series C 1 & 2 Co-Mgr 06/29/16 170.825 Maine Hlth & Hghr Ed Facs Auth ME Revenue Bonds Series 2016 A Co-Mgr 06/30/16 57.070 Palm Beach Co-Florida FL Airport System Revenue Ref Bonds Series 2016 Co-Mgr 06/30/16 100.000 SC Pub Svc Au (Santee Cooper) SC Revenue Refunding & Imp Bonds Series 2016 B Co-Mgr 06/30/16 322.650 SC Pub Svc Au (Santee Cooper) SC Revenue Obligations Series 2016 D Co-Mgr 06/30/16 408.705 SC Pub Svc Au (Santee Cooper) SC Revenue Refunding & Imp Bonds Series 2016 B Co-Mgr 07/07/16 50.635 Castle Rock Town-Colorado CO Wtr&Swr Enterprise Rev Ref Bonds Series 2016 Co-Mgr 07/07/16 15.995 Dallas Co (Coppell) ISD TX Refunding Bonds Series 2016 C Co-Mgr 07/07/16 23.770 Dallas Co (Coppell) ISD TX Unlimited Tax Refunding Bonds Series 2016 D Co-Mgr 07/07/16 89.870 Dallas Co (Coppell) ISD TX Unltd Tax School Building Bonds Series 2016 A & B Co-Mgr 07/07/16 196.215 Univ of Texas Sys Bd of Regents TX Revenue Financing System Bonds Series 2016 E Co-Mgr 07/11/16 37.910 Lone Star College System TX Revenue Financing Sys Ref Bonds Series 2016 Co-Mgr 07/12/16 49.970 Massachusetts Port Authority MA Revenue Refunding Bonds Series 2016 A Co-Mgr 07/12/16 180.285 Massachusetts Port Authority MA Revenue Bonds Series 2016 B Co-Mgr 07/13/16 80.050 American Municipal Power Inc OH Revenue Bonds Series 2016 A Co-Mgr 07/13/16 320.955 Port of Morrow-Oregon OR Transmission Facilities Rev Bonds Series 2016-1 Co-Mgr 07/14/16 35.390 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2016 Series D Co-Mgr 07/14/16 35.390 Minnesota Housing Fin Agency MN Homeownership Finance Bonds 2016 Series C Co-Mgr 07/14/16 800.000 NYC Transitional Finance Auth NY Future Tax Secured Subor Bonds 2017 Ser Sub A-1 Co-Mgr 07/14/16 23.095 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Rev Bonds Series 198 Co-Mgr 07/14/16 100.715 NYS Housing Fin-Mortgage Agcy NY Homeowner Mortgage Rev Bonds Series 197 Co-Mgr 07/19/16 80.000 Georgia Municipal Gas Auth (MGAG) GA Gas Revenue Bonds Series A Co-Mgr 07/20/16 133.940 Michigan State Building Auth MI Revenue & Refunding Bomds 2016 Series I Co-Mgr 07/20/16 531.210 Michigan State Building Auth MI Revenue & Refunding Bomds 2016 Series I Co-Mgr 07/20/16 258.125 North Harris Co Regional Water Au TX Sr Lien Revenue & Refunding Bonds Series 2016 Co-Mgr 07/21/16 45.000 Aurora City-Colorado CO 1st Lien Water Ref Revenue Bonds Series 2016 Co-Mgr 07/21/16 392.025 Aurora City-Colorado CO 1st Lien Water Ref Revenue Bonds Series 2016 Co-Mgr 07/21/16 40.000 Maine State Housing Authority ME Mortgage Purchase Bonds 2016 Series C Co-Mgr 07/21/16 12.790 Massachusetts Housing Fin Agcy MA Housing Bonds Series 2016 E Co-Mgr 07/21/16 48.530 Massachusetts Housing Fin Agcy MA Housing Bonds Series 2016 D Co-Mgr 07/21/16 55.000 NYS Housing Fin-Mortgage Agcy NY Affordable Housing Rev Bonds 2016 Series D Co-Mgr 07/22/16 52.400 SC Pub Svc Au (Santee Cooper) SC Revenue Refunding Obligations 2016 Series C Co-Mgr 07/26/16 464.975 Indiana Finance Authority IN Highway Revenue Refunding Bonds Series 2016 C Co-Mgr 07/27/16 65.385 Tennessee TN GO Refunding Bonds 2016 Series C Co-Mgr 07/27/16 124.900 Tennessee TN GO Refunding Bonds 2016 Series B Co-Mgr 07/27/16 175.865 Tennessee TN General Obligation Bonds 2016 Series A Co-Mgr 08/02/16 86.120 Harris Co (Humble) ISD TX Refunding Bonds Series 2016 C Co-Mgr 08/02/16 185.625 Harris Co (Humble) ISD TX School Building & Refunding Bonds Series 2016 A & B Co-Mgr 08/02/16 191.260 Maricopa Co Community College Dt AZ GO Refunding Bonds Series 2016 Co-Mgr 08/02/16 313.990 Pennsylvania Turnpike Commission PA Oil Franchise Tax Sr & Sub Bonds Series A & B of 2016 Co-Mgr 08/02/16 600.660 Wisconsin WI Gen Fund Annual Approp Bond Series of 2016 A & B Co-Mgr 08/03/16 139.375 Douglas Co Hosp Auth #2 NE Health Facilities Revenue Bonds Series 2016 Co-Mgr 08/03/16 116.645 Lincoln City-Nebraska NE Lincoln Elc Sys Rev Ref Bonds Series 2016 Co-Mgr 08/03/16 11.210 Massachusetts Housing Fin Auth MA Single Family Housing Rev Bonds Series 184 Co-Mgr 08/03/16 104.260 Massachusetts Water Resources Au MA General Revenue Refunding Bonds 2016 Series D Co-Mgr 08/03/16 800.000 New York City-New York NY General Obligation Bonds 2017 Ser A Sub A-1 Co-Mgr 08/03/16 183.340 Omaha Public Power Dt (OPPD) NE Electric System Revenue Bonds 2016 Series A Co-Mgr 08/03/16 325.000 San Diego Co Reg Trans Comm CA Limited Sales Tax Revenue Bonds 2016 Series A Co-Mgr 08/03/16 144.290 Sarpy Co Hospital Authority #1 NE Health Facilities Revenue Bonds Series 2016 Co-Mgr 08/05/16 65.750 Connecticut Housing Finance Auth CT Housing Mtg Finance Program Bonds 2016 Ser E Sub E-2 Co-Mgr 08/05/16 79.250 Connecticut Housing Finance Auth CT Housing Mtg Finance Program Bonds 2016 Ser E Sub E-1 Co-Mgr 08/09/16 139.275 Lehigh Co General Purpose Auth PA Hospital Revenue Refunding Bonds Series A of 2016 Co-Mgr 08/10/16 204.485 Hawaii HI Highway Revenue Bonds Series 2016 A & B Co-Mgr 08/10/16 272.750 Missouri Hlth & Ed Facs Authority MO Educational Facilities Rev Bonds Series 2016 B Co-Mgr 08/10/16 173.360 Regents of the Univ of California CA Medical Center Pooled Rev Bonds 2016 Series M Co-Mgr 08/10/16 872.795 Regents of the Univ of California CA Medical Center Pooled Rev Bonds 2016 Series L Co-Mgr 08/11/16 469.320 NYS Utility Debt Securitization Auth NY Restructuring Bonds Series 2016 B Co-Mgr 08/11/16 17.295 Oklahoma Dev Finance Auth OK Master Real Prop Lease Rev Bonds Series 2016 E Co-Mgr 08/11/16 65.975 Oklahoma Dev Finance Auth OK Master Real Prop Lease Rev Bonds Series 2016 D Co-Mgr 08/11/16 206.970 Port St Lucie City-Florida FL Utility System Ref Revenue Bonds Series 2016 Co-Mgr 08/16/16 18.625 Minnesota Housing Fin Agency MN State Appropriation Bonds Ser 2016 A & B & C Co-Mgr 08/16/16 40.000 Ohio OH Cap Facs Lease-Appropration Bonds Series 2016 A Co-Mgr 08/16/16 36.535 Port of Tacoma-Washington WA Revenue Refunding Bonds Series 2016 A Co-Mgr 08/16/16 103.555 Port of Tacoma-Washington WA Revenue Refunding Bonds Series 2016 B Co-Mgr 08/16/16 110.260 Port of Tacoma-Washington WA Limited Tax GO Refunding Bonds Series 2016 A Co-Mgr 08/17/16 246.845 New Jersey Hlth Care Fac Fin Au NJ Revenue Bonds Series 2016 Co-Mgr 08/17/16 41.785 Tarrant Co (Birdville) ISD TX School Building Bonds Series 2016 Co-Mgr
Appendix C
Florida Capital Improvement Deal List
Wells Fargo's Fixed Rate Capital Improvement Experience January 1, 2013 to August 17, 2016 Source: Thomson Reuters SDC Platinum Sale Par Amount Role of Date ($mm) Issuer State Issue Description Series Wells Fargo 02/21/13 79.640 Manatee Co-Florida FL Rev Ref & Improvement Bonds Series 2013 Senior/Sole Mgr 08/15/14 55.885 SE Overtown/Park West Comm Redev Agency FL Tax Increment Revenue Bonds Series 2014 A 1-2 Senior/Sole Mgr 08/19/14 29.040 Pembroke Pines City-Florida FL Public Improvement Rev Ref Bonds Series 2014 Senior/Sole Mgr 10/17/14 85.010 Orlando City-Florida FL Cap Imp Special Rev & Ref Bonds Series 2014 B-D Co-Mgr 06/04/15 24.330 Sumter Co-Florida FL Capital Improvement Revenue Bonds Series 2015 B Co-Mgr 11/19/15 35.850 Miami Beach Redevelopment Agcy FL Tax Increment Revenue & Ref Bonds Series 2015 B Co-Mgr 11/19/15 286.245 Miami Beach Redevelopment Agcy FL Tax Increment Revenue & Ref Bonds Series 2015 A Co-Mgr 11/20/15 21.145 Hialeah City-Florida FL Special Obligation Ref Rev Bonds Series 2015 B Co-Mgr 11/20/15 25.000 Hialeah City-Florida FL Special Obligation Revenue Bonds Series 2015 A Co-Mgr 07/08/16 38.260 Port St Lucie Comm Redev Agency FL Redev Trust Fund Ref Rev Bonds Series 2016 Senior/Sole Mgr
Appendix D
Florida Water and Sewer Deal List
Wells Fargo's Fixed Rate Water and Sewer Experience January 1, 2013 to August 17, 2016 Source: Thomson Reuters SDC Platinum Sale Par Amount Role of Date ($mm) Issuer State Issue Description Series Wells Fargo 03/15/13 0.465 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 B Senior/Sole Mgr 03/15/13 0.595 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 B Senior/Sole Mgr 03/15/13 1.260 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 B Senior/Sole Mgr 03/15/13 17.495 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 A Senior/Sole Mgr 03/15/13 19.675 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 A Senior/Sole Mgr 03/15/13 26.065 Florida Governmental Utility Authority FL Utility Revenue Bonds Series 2013 A Senior/Sole Mgr 04/04/13 46.445 Florida Dept of Environ Protect FL Everglades Restoration Rev Bonds Series 2013 A Senior/Sole Mgr 07/19/13 492.665 Miami-Dade Co-Florida FL Water & Sewer Sys Rev & Ref Bonds Series 2013 A & B Co-Mgr 07/26/13 29.710 Jacksonville Electric Authority FL Water & Sewer System Rev Bonds 2013 Series B Co-Mgr 07/26/13 173.925 Jacksonville Electric Authority FL Water & Sewer Sys & Sub Rev Bonds 2013 Series A Co-Mgr 06/26/14 300.200 Jacksonville Electric Authority FL Water & Sewer System Rev Bonds 2014 Series A Co-Mgr 10/09/14 20.625 Florida Governmental Utility Authority FL Utility Ref Rev Bonds Series 2014 Senior/Sole Mgr 02/04/15 95.975 Tampa Bay Water Auth FL Utility System Ref Rev Bonds Series 2015 B Co-Mgr 02/04/15 180.835 Tampa Bay Water Auth FL Utility System Ref Rev Bonds Series 2015 A Co-Mgr 04/01/15 12.605 Florida Governmental Utility Authority FL Utility Refunding Revenue Bonds Series 2015 Senior/Sole Mgr 06/19/15 72.415 Cape Coral City-Florida FL Water & Sewer Ref Rev Bonds Series 2015 Co-Mgr 09/10/15 52.285 Emerald Coast Utility Auth FL Utility System Rev Ref Bonds Series 2015 Co-Mgr 10/15/15 28.710 Bay Co-Florida FL Water & Sewer Revenue Ref Bonds Series 2015 Senior/Sole Mgr 01/13/16 32.785 Tampa Bay Water Auth FL Utility System Ref Revenue Bonds Series 2016 B Co-Mgr 01/13/16 96.630 Tampa Bay Water Auth FL Utility System Ref Revenue Bonds Series 2016 A Co-Mgr 03/02/16 55.345 Tampa Bay Water Auth FL Utility System Refunding Bonds Series 2016 C Co-Mgr 05/11/16 89.035 Orange Co-Florida FL Water & Wastewater Util Rev Bonds Series 2016 Senior/Sole Mgr 07/12/16 207.795 Hillsborough Co-Florida FL Utility Revenue Bonds Series 2016 Senior/Sole Mgr
Appendix E
Responses to Required Terms & Conditions
RESPONSES TO TERMS AND CONDITIONS
1. The City reserves the right to request clarification of information submitted and to request additional information from one or more proposers.
Acknowledged.
2. The City requires that the Underwriter(s) selected will not discriminate under the contract against any person in accordance with federal, state, and local governments’ regulations.
Acknowledged.
3. The City requires the Underwriter(s) selected make an affirmative statement to the effect that their retention shall not result in conflicts of interest with respect to the City.
To the best of WFS’ knowledge, WFS is not aware of any conflict of interest that would preclude WFS from serving as underwriter for the financing(s) contemplated by this RFP.
WFS would like to ensure that you are aware of the following:
WFS anticipates that as underwriter for the City of Ocoee, WFS would be compensated by a fee and/or an underwriting discount that would be set forth in the bond purchase agreement to be negotiated and entered into in connection with the issuance of the City’s bonds (the “Bonds”). Payment or receipt of the underwriting fee or discount would be contingent on the closing of the transaction and the amount of the fee or discount may be based, in whole or in part, on a percentage of the principal amount of the Bonds. While this form of compensation is customary in the municipal securities market, it presents a conflict of interest since an underwriter may have an incentive to recommend a transaction that is unnecessary or to recommend that the size of a transaction be larger than is necessary.
Wells Fargo Bank, N.A., acting through its Municipal Products Group (“WFBNA MPG”), has entered into an agreement with its affiliate, Wells Fargo Advisors (“WFA”) for the distribution of certain municipal securities offerings, including bonds such as the Bonds. Pursuant to this agreement, WFBNA MPG shares a portion of its underwriting compensation with respect to the bonds such as the Bonds with WFA. WFBNA MPG and WFA are each wholly-owned subsidiaries of Wells Fargo & Company.
WFBNA MPG also utilizes the distribution capabilities of its affiliate Wells Fargo Securities, LLC (“WFSLLC”) for the distribution of municipal securities offerings, including bonds such as the Bonds. In connection with utilizing the distribution capabilities of WFSLLC, WFBNA MPG pays a portion of WFSLLC’s expenses based on its municipal securities transactions. WFBNA MPG and WFSLLC are each wholly-owned subsidiaries of Wells Fargo & Company.
Various Wells Fargo & Company subsidiaries may place orders for their own accounts for the bonds to be issued by the City. WFS and its broker-dealer affiliate Wells Fargo Advisors may also place orders for the City’s bonds for their own accounts, for the purposed of subsequent resale to customers. As required by MSRB rules, WFS will not allocate bonds to any such orders over orders received from prospective purchasers that are not affiliates of WFS, without first obtaining your consent. While your consent must be received before making any such allocations, this nonetheless may present a conflict of interest for WFS to allocate bonds to itself or to an affiliate over orders from non-affiliates.
It is possible that certain purchasers to which WFS allocates bonds may look to WFS to provide liquidity to such purchasers by offering their bonds for sale to WFS in the immediate short term after allocations have been confirmed. While WFS does not intend to allocate bonds to a purchaser that WFS reasonably belieces intends to sell the bonds in the immediate short term, this nonetheless may present a conflict of interest for WFS in the allocation process.
At the time of pricing for the City’s bonds, the City may request or authorize the sale of certain maturities of the Bonds via competitive bid among the group of underwriters. To the extent that Wells Fargo Securities as senior syndicate manager is responsible for receiving bids from the other underwriters, and notwithstanding the mitigating controls that Wells Fargo Securities has instituted, a conflict of interest would nevertheless exist due to the fact that Wells Fargo Securities would have knowledge of which underwriters were submitting bids and the level of any such bid, which could influence Wells Fargo Securities’ decision whether to submit a bid for the bonds, or the level of any such bid.
4. The City requires that the Underwriter(s) make an affirmative statement to the effect that they have not contacted, or attempted to contact, any member of the City Commission, or City staff, except as expressly permitted under paragraph 8 of Instructions to Proposed above.
Wells Fargo has not contacted, or attempted to contact, any member of the City Commission or City staff.
Appendix F
Required Forms
Disclosures (continued)
The Materials do not constitute an offer to sell or a solicitation of an offer to buy, or a recommendation or commitment for any transaction involving the securities or financial products named or described herein, and are not intended as investment advice or as a confirmation of any transaction. Assumptions stated herein may or may not be valid. Externally sourced information contained in the Materials has been obtained or derived from sources we reasonably believe to be reliable, but WFS makes no representation or warranty, express or implied, with respect thereto, and does not represent or guarantee that such information is accurate or complete. Such information is subject to change without notice and WFS accepts no responsibility to update or keep it current. WFS does not assume or accept any liability for any loss which may result from reliance thereon. WFS and/or one or more of its affiliates may provide advice to other persons or may from time to time have proprietary positions in, or trade as principal in, any securities or other financial products that may be mentioned in the Materials, or in derivatives related thereto.
Notwithstanding anything to the contrary contained in the Materials, all persons may disclose to any and all persons, without limitations of any kind, the U.S. federal, state or local tax treatment or tax structure of any transaction, any fact that may be relevant to understanding the U.S. federal, state or local tax treatment or tax structure of any transaction, and all materials of any kind (including opinions or other tax analyses) relating to such U.S. federal, state or local tax treatment or tax structure, other than the name of the parties or any other person named herein, or information that would permit identification of the parties or such other persons, and any pricing terms or nonpublic business or financial information that is unrelated to the U.S. federal, state or local tax treatment or tax structure of the transaction to the taxpayer and is not relevant to understanding the U.S. federal, state or local tax treatment or tax structure of the transaction to the taxpayer.
Any opinions or estimates contained in the Materials represent the judgment of WFS at this time, and are subject to change without notice. Interested parties are advised to contact WFS for more information.
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any statements or information regarding tax matters contained in the Materials does not constitute tax advice and shall not be used for the purpose of (i) avoiding tax penalties or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
If you have any questions or concerns about the disclosures presented herein, you should make those questions or concerns known immediately to WFS.