HIMIPref™ Preferred Indices : November 2005

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

HIMI Index Values 2005-11-30
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,355.2 1 2.00 3.65% 18.2 45M 3.66%
FixedFloater 2,258.8 6 2.00 3.20% 2.0 71M 5.40%
Floater 2,050.9 4 2.00 -22.71% 0.1 39M 3.98%
OpRet 1,888.9 18 1.68 2.34% 3.2 87M 4.57%
SplitShare 1,937.8 14 1.93 3.42% 2.8 61M 5.04%
Interest-Bearing 2,321.6 9 2.00 4.84% 1.1 77M 6.59%
Perpetual-Premium 1,466.1 46 1.72 4.31% 5.9 127M 5.12%
Perpetual-Discount 1,617.9 0 0 0 0 0 0

Index Constitution, 2005-11-30, Pre-rebalancing

Index Constitution, 2005-11-30, Post-rebalancing

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