HIMIPref™ Preferred Indices : March 2003

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

HIMI Index Values 2003-3-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,355.4 2 2.00 4.78% 0.08 517M 4.10%
FixedFloater 1,990.6 9 2.00 4.11% 16.1 82M 5.51%
Floater 1,687.0 6 1.82 3.63% 17.4 105M 4.10%
OpRet 1,610.7 29 1.27 4.10% 2.6 130M 5.39%
SplitShare 1,586.3 9 1.78 4.39% 3.8 55M 5.65%
Interest-Bearing 1,910.4 9 2.00 6.88% 1.4 151M 7.99%
Perpetual-Premium 1,218.6 13 1.38 5.74% 6.6 225M 5.85%
Perpetual-Discount 1,339.8 15 1.59 5.92% 14.0 165M 5.82%

Index Constitution, 2003-03-31, Pre-rebalancing

Index Constitution, 2003-03-31, Post-rebalancing

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