HIMIPref™ Preferred Indices: July 2005

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

HIMI Index Values 2005-7-29
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,353.1 1 2.00 2.77% 20.3 95M 2.79%
FixedFloater 2,254.3 7 2.00 2.56% 2.3 61M 5.35%
Floater 2,012.4 6 2.00 -8.08% 0.1 36M 3.27%
OpRet 1,842.5 20 1.51 3.00% 3.1 81M 4.68%
SplitShare 1,893.4 16 1.88 3.47% 3.1 58M 5.12%
Interest-Bearing 2,291.9 9 2.00 3.86% 1.4 74M 6.48%
Perpetual-Premium 1,411.9 38 1.58 4.78% 5.4 87M 5.36%
Perpetual-Discount 1,554.2 5 1.20 4.86% 15.7 1,350M 5.14%

Index Constitution, 2005-7-29, Pre-rebalancing

Index Constitution, 2005-7-29, Post-rebalancing

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