HIMIPref™ Preferred Indices: August 2005

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

HIMI Index Values 2005-8-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,355.8 1 2.00 2.73% 20.4 85M 2.75%
FixedFloater 2,256.0 7 2.00 2.67% 2.0 58M 5.35%
Floater 2,023.0 5 2.00 -4.80% 0.1 44M 3.28%
OpRet 1,858.9 19 1.64 2.65% 3.1 79M 4.61%
SplitShare 1,901.3 15 1.94 3.67% 2.7 51M 5.11%
Interest-Bearing 2,302.8 9 2.00 4.29% 1.3 70M 6.46%
Perpetual-Premium 1,423.7 38 1.76 4.67% 5.3 91M 5.32%
Perpetual-Discount 1,562.4 5 1.40 4.88% 15.7 1,257M 4.83%

Index Constitution, 2005-8-31, Pre-rebalancing

Index Constitution, 2005-8-31, Post-rebalancing

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