HIMIPref™ Preferred Indices : September 2005

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

HIMI Index Values 2005-9-30
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,355.8 1 2.00 2.66% 20.6 74M 2.69%
FixedFloater 2,281.8 8 2.00 2.21% 1.9 59M 5.32%
Floater 2,028.8 5 2.00 -9.46% 0.1 46M 3.47%
OpRet 1,869.2 19 1.64 2.57% 3.0 82M 4.60%
SplitShare 1,912.8 13 1.92 3.66% 3.8 64M 5.13%
Interest-Bearing 2,322.9 9 2.00 3.56% 1.3 73M 6.49%
Perpetual-Premium 1,433.4 39 1.74 4.63% 5.4 88M 5.32%
Perpetual-Discount 1,572.2 5 1.40 4.84% 15.8 960M 4.82%

Index Constitution, 2005-9-30, Pre-rebalancing

Index Constitution, 2005-9-30, Post-rebalancing

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