HIMIPref™ Preferred Indices : June 2005

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

HIMI Index Values 2005-6-30
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,353.1 1 2.00 2.49% 21.0 91M 2.52%
FixedFloater 2,250.9 7 2.00 2.41% 5.9 64M 5.33%
Floater 2,007.3 6 2.00 -7.15% 0.1 47M 3.27%
OpRet 1,842.2 20 1.51 2.96% 3.2 87M 4.67%
SplitShare 1,886.6 16 1.94 3.50% 3.1 62M 5.07%
Interest-Bearing 2,291.6 8 2.00 4.41% 1.6 83M 6.57%
Perpetual-Premium 1,414.9 40 1.57 4.65% 3.5 84M 5.37%
Perpetual-Discount 1,567.9 3 1.00 4.78% 15.8 2,104M 4.78%

Index Constitution, 2005-6-30, Pre-rebalancing

Index Constitution, 2005-6-30, Post-rebalancing

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