HIMIPref™ Preferred Indices : August 2004

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

HIMI Index Values 2004-08-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,341.7 1 2.00 2.52% 21.0 67M 2.54%
FixedFloater 2,198.9 8 2.00 2.40% 19.7 75M 5.26%
Floater 1,949.8 6 2.00 2.63% 19.9 51M 2.91%
OpRet 1,753.3 21 1.48 3.46% 3.7 103M 4.76%
SplitShare 1,784.2 12 1.75 4.16% 3.8 65M 5.08%
Interest-Bearing 2,137.9 9 2.00 5.43% 1.0 136M 7.14%
Perpetual-Premium 1,374.5 32 1.62 4.99% 5.7 142M 5.51%
Perpetual-Discount 1,625.4 0 0 0 0 0 0

Index Constitution, 2004-08-31, Pre-rebalancing

Index Constitution, 2004-08-31, Post-rebalancing

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