HIMIPref™ Preferred Indices : December 2004

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

HIMI Index Values 2004-12-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,347.1 1 2.00 2.59% 20.8 108M 2.61%
FixedFloater 2,243.3 8 2.00 2.49% 19.2 60M 5.24%
Floater 1,978.6 6 2.00 -5.74% 0.08 51M 3.28%
OpRet 1,815.6 20 1.51 2.88% 3.6 76M 4.63%
SplitShare 1,849.9 14 1.93 3.38% 2.8 97M 5.01%
Interest-Bearing 2,250.6 8 2.00 3.44% 2.0 86M 6.47%
Perpetual-Premium 1,446.3 35 1.63 4.11% 3.1 106M 5.34%
Perpetual-Discount 1,718.5 0 0 0 0 0 0

Index Constitution, 2004-12-31, Pre-rebalancing

Index Constitution, 2004-12-31, Post-rebalancing

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