HIMIPref™ Preferred Indices : May 2005

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

HIMI Index Values 2005-5-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,348.7 1 2.00 2.64% 20.7 81M 2.66%
FixedFloater 2,244.0 8 2.00 2.59% 19.3 58M 5.33%
Floater 2,007.0 6 2.00 -2.42% 0.1 51M 3.27%
OpRet 1,828.3 18 1.51 2.88% 3.6 97M 4.60%
SplitShare 1,877.6 15 2.00 3.60% 2.5 87M 5.06%
Interest-Bearing 2,257.6 9 2.00 4.71% 1.7 82M 6.48%
Perpetual-Premium 1,395.9 38 1.63 4.79% 5.1 94M 5.42%
Perpetual-Discount 1,556.2 4 1.25 4.89% 15.7 1,267M 4.80%

Index Constitution, 2005-5-31, Pre-rebalancing

Index Constitution, 2005-5-31, Post-rebalancing

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