HIMIPref™ Preferred Indices : April 2005

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

HIMI Index Values 2005-4-29
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 2.65% 20.6 92M 2.67%
FixedFloater 2,247.5 7 2.00 2.41% 2.5 67M 5.30%
Floater 2,002.2 6 2.00 -2.90% 0.1 56M 3.27%
OpRet 1,805.6 19 1.54 3.41% 3.3 88M 4.68%
SplitShare 1,849.8 15 1.93 4.13% 4.1 87M 5.04%
Interest-Bearing 2,224.3 9 2.00 5.24% 1.7 98M 6.57%
Perpetual-Premium 1,380.1 36 1.64 4.96% 5.5 93M 5.50%
Perpetual-Discount 1,513.0 6 1.33 4.96% 15.5 2,064M 4.98%

Index Constitution, 2005-4-29, Pre-rebalancing

Index Constitution, 2005-4-29, Post-rebalancing

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