Category: HIMI Preferred Indices

HIMI Preferred Indices

HIMIPref™ Preferred Indices : December, 2000

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

HIMI Index Values 2000-12-29
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,528.4 0 0 0 0 0 0
FixedFloater 1,973.2 11 1.90 5.91% 4.0 247M 5.54%
Floater 1,439.3 4 1.75 6.50% 11.6 73M 6.99%
OpRet 1,424.8 32 1.19 4.62% 2.2 97M 6.12%
SplitShare 1,471.9 6 1.83 5.44% 5.5 86M 6.01%
Interest-Bearing 1,609.0 7 2.00 7.57% 3.5 172M 8.05%
Perpetual-Premium 1,161.8 0 0 0 0 0 0
Perpetual-Discount 1,189.8 12 1.58 5.77% 14.1 128M 5.93%

Index Constitution, 2000-12-29, Pre-rebalancing

Index Constitution, 2000-12-29, Post-rebalancing

HIMI Preferred Indices

HIMIPref™ Preferred Indices : November, 2000

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

HIMI Index Values 2000-11-30
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,524.2 0 0 0 0 0 0
FixedFloater 1,935.3 12 1.91 6.07% 4.2 218M 5.57%
Floater 1,435.3 4 1.75 6.42% 11.1 55M 6.99%
OpRet 1,399.2 33 1.24 5.10% 3.7 88M 6.15%
SplitShare 1,434.7 6 1.83 5.96% 5.5 111M 6.12%
Interest-Bearing 1,576.7 7 2.00 7.96% 10.9 162M 8.07%
Perpetual-Premium 1,112.7 0 0 0 0 0 0
Perpetual-Discount 1,139.5 12 1.58 6.03% 13.8 132M 6.13%

Index Constitution, 2000-11-30, Pre-rebalancing

Index Constitution, 2000-11-30, Post-rebalancing

Note: The “PerpetualPremium” Index contained the issue NA.PR.J from date of issue, 2000-7-13 until 2000-11-29. This is an error; this issue is a FixedFloater. Since this was the sole issue in the “PerpetualPremium” index, the results for this index should have been reported as having a performance equal to the “PerpetualDiscount” index.
In the period 2000-7-12 to 2000-11-29, performance of relevant indices was:   

     

  • FixedFloater: +2.50%
  • PerpetualPremium: +3.30%
  • PerpetualDiscount: +3.42%

Indices will not be recalculated – for now! I regret the error.

HIMI Preferred Indices

HIMIPref™ Preferred Indices : October 31, 2000

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

HIMI Index Values 2000-10-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,516.5 0 0 0 0 0 0
FixedFloater 1,922.0 10 1.89 6.26% 12.2 189M 5.47%
Floater 1,428.1 4 1.75 6.34% 11.4 48M 6.98%
OpRet 1,401.2 33 1.27 5.09% 3.8 74M 6.11%
SplitShare 1,415.0 7 1.86 6.42% 5.5 122M 6.14%
Interest-Bearing 1,557.2 7 2.00 7.93% 11.0 161M 8.17%
Perpetual-Premium 1,114.2 1 2.00 5.56% 4.2 1,114M 6.18%
Perpetual-Discount 1,128.8 12 1.57 6.03% 13.8 127M 6.18%

Index Constitution, 2000-10-31, Pre-rebalancing

Index Constitution, 2000-10-31, Post-rebalancing

Note: The “PerpetualPremium” Index contained the issue NA.PR.J from date of issue, 2000-7-13 until 2000-11-29. This is an error; this issue is a FixedFloater. Since this was the sole issue in the “PerpetualPremium” index, the results for this index should have been reported as having a performance equal to the “PerpetualDiscount” index.

In the period 2000-7-12 to 2000-11-29, performance of relevant indices was:

  • FixedFloater: +2.50%
  • PerpetualPremium: +3.30%
  • PerpetualDiscount: +3.42%

Indices will not be recalculated – for now! I regret the error.

HIMI Preferred Indices

HIMIPref™ Indices : September 29, 2000

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

HIMI Index Values 2000-09-29
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,515.2 0 0 0 0 0 0
FixedFloater 1,918.3 9 1.88 6.48% 12.2 220M 5.51%
Floater 1,426.7 4 1.75 6.32% 11.5 61M 6.96%
OpRet 1,390.7 34 1.23 5.24% 2.4 64M 6.18%
SplitShare 1,409.3 6 1.83 6.46% 5.4 138M 6.00%
Interest-Bearing 1,549.2 7 2.00 7.99% 11.1 183M 8.22%
Perpetual-Premium 1,107.7 1 2.00 5.96% 4.2 2,074M 6.21%
Perpetual-Discount 1,143.8 12 1.58 6.02% 13.9 126M 6.08%

Index Constitution, 2000-09-29, Pre-rebalancing

Index Constitution, 2000-09-29, Post-rebalancing

Note: The “PerpetualPremium” Index contained the issue NA.PR.J from date of issue, 2000-7-13 until 2000-11-29. This is an error; this issue is a FixedFloater. Since this was the sole issue in the “PerpetualPremium” index, the results for this index should have been reported as having a performance equal to the “PerpetualDiscount” index.
In the period 2000-7-12 to 2000-11-29, performance of relevant indices was:

     

  • FixedFloater: +2.50%

    •  

  • PerpetualPremium: +3.30%

    •  

  • PerpetualDiscount: +3.42%

Indices will not be recalculated – for now! I regret the error.

HIMI Preferred Indices

HIMIPref™ Indices : August 31, 2000

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

HIMI Index Values 2000-08-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,491.9 0 0 0 0 0 0
FixedFloater 1,910.4 9 1.88 6.44% 4.4 232M 5.49%
Floater 1,404.8 2 2.00 -0.09% 0.08 99M 7.09%
OpRet 1,391.1 33 1.21 5.15% 3.9 70M 6.06%
SplitShare 1,408.4 4 1.75 6.36% 5.6 122M 6.00%
Interest-Bearing 1,548.5 7 2.00 8.01% 11.0 190M 8.08%
Perpetual-Premium 1,112.1 1 2.00 5.76% 4.3 4,535M 6.19%
Perpetual-Discount 1,143.7 13 1.54 5.89% 14.0 125M 6.01%

Index Constitution, 2000-08-31, Pre-rebalancing

Index Constitution, 2000-08-31, Post-rebalancing

Note: The “PerpetualPremium” Index contained the issue NA.PR.J from date of issue, 2000-7-13 until 2000-11-29. This is an error; this issue is a FixedFloater. Since this was the sole issue in the “PerpetualPremium” index, the results for this index should have been reported as having a performance equal to the “PerpetualDiscount” index.
In the period 2000-7-12 to 2000-11-29, performance of relevant indices was:

     

  • FixedFloater: +2.50%

    •  

  • PerpetualPremium: +3.30%

    •  

  • PerpetualDiscount: +3.42%

Indices will not be recalculated – for now! I regret the error.

HIMI Preferred Indices

HIMIPref™ Indices : July 31, 2000

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

HIMI Index Values 2000-07-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,470.4 0 0 0 0 0 0
FixedFloater 1,890.6 9 1.88 6.55% 4.4 256M 5.54%
Floater 1,384.5 2 2.00 0.03% 0.08 112M 7.12%
OpRet 1,379.9 33 1.21 5.28% 3.6 85M 6.10%
SplitShare 1,417.1 4 1.75 6.02% 5.7 106M 5.96%
Interest-Bearing 1,517.5 7 2.00 8.07% 10.6 187M 8.24%
Perpetual-Premium 1,094.8 1 2.00 6.14% 4.3 10,124M 6.29%
Perpetual-Discount 1,115.1 12 1.58 5.98% 13.8 125M 6.16%

Index Constitution, 2000-07-31, Pre-rebalancing

Index Constitution, 2000-07-31, Post-rebalancing

Note: The “PerpetualPremium” Index contained the issue NA.PR.J from date of issue, 2000-7-13 until 2000-11-29. This is an error; this issue is a FixedFloater. Since this was the sole issue in the “PerpetualPremium” index, the results for this index should have been reported as having a performance equal to the “PerpetualDiscount” index.
In the period 2000-7-12 to 2000-11-29, performance of relevant indices was:

     

  • FixedFloater: +2.50%

    •  

  • PerpetualPremium: +3.30%

    •  

  • PerpetualDiscount: +3.42%

Indices will not be recalculated – for now! I regret the error.

HIMI Preferred Indices

HIMIPref™ Indices : June 30, 2000

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

HIMI Index Values 2000-06-30
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,434.2 0 0 0 0 0 0
FixedFloater 1,869.5 9 1.88 6.57% 12.6 269M 5.58%
Floater 1,350.5 2 2.00 -0.07% 0.08 135M 7.30%
OpRet 1,370.6 32 1.22 5.35% 3.9 75M 6.10%
SplitShare 1,378.3 3 1.66 6.14% 6.1 65M 5.79%
Interest-Bearing 1,497.5 7 2.00 8.24% 10.5 190M 8.35%
Perpetual-Premium 1,066.8 0 0 0 0 0 0
Perpetual-Discount 1,092.2 12 1.58 6.15% 13.7 140M 6.28%

Index Constitution, 2000-06-30, Pre-rebalancing

Index Constitution, 2000-06-30, Post-rebalancing

HIMI Preferred Indices

HIMIPref™ Preferred Indices : May 31, 2000

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

HIMI Index Values 2000-05-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,437.5 0 0 0 0 0 0
FixedFloater 1,860.4 8 1.87 6.39% 12.8 253M 5.48%
Floater 1,353.6 2 2.00 0.00% 0.08 165M 7.29%
OpRet 1,351.0 33 1.24 5.58% 4.1 90M 6.21%
SplitShare 1,371.4 3 1.66 6.17% 6.2 65M 5.80%
Interest-Bearing 1,454.0 7 2.00 8.37% 10.5 202M 8.45%
Perpetual-Premium 1,037.0 0 0 0 0 0 0
Perpetual-Discount 1,061.7 12 1.57 6.29% 13.5 131M 6.40%

Index Constitution, 2000-05-31, Pre-rebalancing

Index Constitution, 2000-05-31, Post-rebalancing

HIMI Preferred Indices

HIMIPref™ Indices : April 28, 2000

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

HIMI Index Values 2000-04-28
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,394.2 0 0 0 0 0 0
FixedFloater 1,839.3 8 1.87 6.25% 13.3 328M 5.53%
Floater 1,312.8 2 2.00 7.22% 12.1 134M 6.94%
OpRet 1,348.4 34 1.27 5.53% 3.8 80M 6.32%
SplitShare 1,377.9 3 1.66 6.22% 6.2 66M 5.77%
Interest-Bearing 1,442.9 7 2.00 8.46% 10.6 233M 8.51%
Perpetual-Premium 1,030.2 0 0 0 0 0 0
Perpetual-Discount 1,054.7 12 1.57 6.40% 13.3 121M 6.42%

Index Constitution, 2000-04-28, Pre-rebalancing

Index Constitution, 2000-04-28, Post-rebalancing

HIMI Preferred Indices

HIMIPref™ Preferred Indices : 2000-03-31

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

HIMI Index Values 2000-03-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,392.6 0 0 0 0 0 0
FixedFloater 1,802.3 9 1.88 6.46% 13.4 247M 5.66%
Floater 1,311.3 2 2.00 7.17% 12.3 131M 6.95%
OpRet 1,343.0 35 1.26 5.44% 3.8 90M 6.32%
SplitShare 1,352.4 4 1.75 6.50% 5.1 74M 5.87%
Interest-Bearing 1,443.7 7 2.00 8.50% 10.6 261M 8.51%
Perpetual-Premium 994.5 0 0 0 0 0 0
Perpetual-Discount 1,018.1 12 1.57 6.53% 13.2 119M 6.64%

Index Constitution, 2000-03-31, Pre-rebalancing

Index Constitution, 2000-03-31, Post-rebalancing

Errata, 2007-08-24: The credit rating of IQI.PR.A in the Fixed-Floater index is reported incorrectly; it should not have been included in the index as the actual DBRS rating on this date was Pfd-3(high).