HIMIPref™ Preferred Indices : March 2004

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

HIMI Index Values 2004-03-31
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 2.51% 21.0 77M 2.53%
FixedFloater 2,197.4 8 2.00 2.33% 19.4 65M 5.17%
Floater 1,954.3 7 2.00 0.00% 0.10 76M 3.04%
OpRet 1,768.0 23 1.44 2.89% 3.8 117M 4.75%
SplitShare 1,773.2 14 1.78 3.47% 3.9 57M 5.19%
Interest-Bearing 2,138.1 10 2.00 3.80% 1.0 133M 7.15%
Perpetual-Premium 1,391.6 32 1.65 4.18% 3.7 139M 5.34%
Perpetual-Discount 1,602.5 0 0 0 0 0 0

Index Constitution, 2004-03-31, Pre-rebalancing

Index Constitution, 2004-03-31, Post-rebalancing

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