HIMIPref™ Preferred Indices : September 2004

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

HIMI Index Values 2004-09-30
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,344.4 1 2.00 2.66% 20.6 87M 2.67%
FixedFloater 2,208.7 8 2.00 2.51% 19.2 90M 5.25%
Floater 1,983.6 6 2.00 0.00% 0.08 50M 3.06%
OpRet 1,760.2 21 1.48 3.67% 3.7 98M 4.76%
SplitShare 1,792.6 14 1.79 3.94% 3.8 53M 5.13%
Interest-Bearing 2,184.4 10 2.00 4.66% 2.24 112M 7.03%
Perpetual-Premium 1,378.9 34 1.64 5.01% 5.9 146M 5.51%
Perpetual-Discount 1,638.4 0 0 0 0 0 0

Index Constitution, 2004-09-30, Pre-rebalancing

Index Constitution, 2004-09-30, Post-rebalancing

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