HIMIPref™ Preferred Indices : May 2006

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

HIMI Index Values 2006-05-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,368.7 1 2.00 4.06% 17.4 43M 4.05%
FixedFloater 2,280.6 6 2.00 3.92% 16.8 74M 5.05%
Floater 2,117.1 4 2.00 -16.67% 0.1 42M 4.64%
OpRet 1,887.0 18 1.45 3.13% 2.7 87M 4.68%
SplitShare 1,949.8 18 1.83 3.71% 3.2 51M 5.07%
Interest-Bearing 2,304.1 8 2.00 6.14% 3.0 69M 6.82%
Perpetual-Premium 1,468.8 41 1.54 4.76% 5.1 111M 5.31%
Perpetual-Discount 1,573.4 13 1.33 4.82% 15.9 435M 4.77%

Index Constitution, 2006-05-31, Pre-rebalancing

Index Constitution, 2006-05-31, Post-rebalancing

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