M U N I C I P A L  B O N D  I N V E N T O R Y

Good Morning from the Sterne, Agee & Leach Municipal Bond Dept.

Listed by Maturity Date

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Last Update: 09/01/2010

Alaska Alabama Arkansas Arizona California Colorado Connecticut District of Columbia Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming

Rating Moody/S&P	Quantity	Description	State	Cpn	Maturity	Price	YTC	YTM
A1 / NR	25000	MISSISSIPPI DEV BK SPL - OBLIG LEE CNTY SCH DIST - CAP IMPT PJ AMBAC B/E	MS	3.75	09-01-2011	103.173		0.50
AA2 / AA	15000	MISSISSIPPI ST DEER - ISLAND PJ B/E - REOF@99.619 3.65	MS	3.60	11-01-2011	103.248		0.75
NR / A+	10000	LOUISIANA LOC GOVTAMBAC - ENVMNTL FACS & CMNTY ATH - RV JAIL PJ OID99.229 B/E	LA	4.00	03-01-2013	106.064		1.50
AA3 / AA-	70000	ALABAMA MENTAL HEALTH - FIN ATH SPL TAX REV RFDG - AMBAC OID99.003 3.62 B/E	AL	3.50	06-01-2015	107.910		1.75
WR / AA-	30000	LEE CNTY AL PUB BLDG - AUTH REV DHR BLDG PJ B/E - SYNCORA OID@98.676 4.02%	AL	3.85	09-01-2015	109.974		1.75
AA2 / AAA	25000	SHELBY CNTY AL BRD ED - CAP OUTLAY SCHOOL WTS - TEN MILL B/E ASSURED GTY	AL	4.00	02-01-2016	110.182		2.00
AAA / AAA	30000	CADDO BOSSIER PARISHES - LA PORT COMMISSION REV - ASSURED GTY B/E	LA	4.00	03-01-2016	110.332		2.00
AA1 / AA	10000	ALABAMA ST PUB SCH &CLLG - AUTH CAP IMPT REV NPFG - B/E REOF @99.153 4.09%	AL	4.00	03-01-2018	110.032	2.06	2.52	Yield to Call
		[ Call 03-01-2016@100.000 ]
WR / A	50000	MONROE LA SALES & USE - TAX REV FGIC MBIA RE - OID @98.249 5.16%	LA	5.00	07-01-2018	108.658	1.25	3.71	Yield to Call
		[ Call 07-01-2012@102.000 ]
		[ Call 07-01-2014@100.000 ]
NR / NR	10000	LA LOC GOVT ENVIR FAC & - CMNTY DEV AUTH REV A ACA - B/E OID @97.905 4.95%	LA	4.75	04-01-2021	100.000	4.75	4.75	Yield to Call
		[ Call 04-01-2016@100.000 ]
AA1 / NR	205000	RICHLAND CNTY SC SCHOOL - DISTRICT 2 SER D QUAL - SCH CONSTR BDS B/E TXBL	SC	4.88	09-01-2027	102.987	4.50	4.62	Yield to Call
		[ Call 09-01-2020@100.000 ]
A2 / NR	10000	NEWTON CNTY GA IDA REV - GPC FOUNDATN REAL ESTATE - NEWTN B/E CIFG REOF4.83%	GA	4.50	06-01-2031	96.719		4.75
		[ Call 06-01-2016@100.000 ]
A1 / NR	50000	SOUTH REGL JT DEV ATH GA - REV VALDOSTA PRKG & HLTH - OID @95.689 SYNCORA B/E	GA	4.50	08-01-2032	100.000	4.50	4.50	Yield to Call
		[ Call 02-01-2018@100.000 ]
AA3 / NR	45000	ATKINSON CNTY COFFEE DEV - AUTH GA REV SGC RL EST - ASRD B/E OID @97.954 B/Q	GA	5.25	06-01-2034	107.223	4.25	4.74	Yield to Call
		[ Call 06-01-2019@100.000 ]
A1 / NR	30000	ATLANTA GA DEV AUTH REV - STUDNT HSG PIEDMNT ELLIS - A SYNCORA B/E OID@96.623	GA	4.38	09-01-2036	94.435		4.75
		[ Call 09-01-2015@100.000 ]

End of Inventory Listing

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Disclaimer: The descriptive information is provided by an outside vendor used widely in the securities industry. However, we cannot guarantee its accuracy. Please call a Sterne Agee Financial Advisor to review the descriptive information prior to making a purchase. As of the time of creation of this list, Sterne, Agee & Leach, Inc. owned and offered these securities. As with any fixed income offering, these securities are offered subject to continued availability and are subject to change in price.
Note: Other call features may exist.