HIMIPref™ Preferred Indices : July 2004

All indices were assigned a value of 1000.0 as of December 31, 1993.

HIMI Index Values 2004-07-30
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,344.4 1 2.00 2.50% 21.0 65M 2.52%
FixedFloater 2,199.4 8 2.00 2.31% 19.7 66M 5.26%
Floater 1,949.3 6 2.00 0.00% 0.1 54M 2.91%
OpRet 1,741.1 22 1.46 3.77% 3.8 113M 4.80%
SplitShare 1,776.9 14 1.79 4.06% 3.6 56M 5.25%
Interest-Bearing 2,140.3 10 2.00 5.47% 0.7 110M 7.26%
Perpetual-Premium 1,362.0 31 1.61 5.08% 5.8 159M 5.55%
Perpetual-Discount 1,572.2 1 2.00 5.48% 14.5 135M 5.52%

Index Constitution, 2004-07-30, Pre-rebalancing

Index Constitution, 2004-07-30, Post-rebalancing

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