Capital Management Associates

Bond Income Portfolio Descriptions

Allianz SE founded in 1890 together with its subsidiaries, provides various financial products and services worldwide.

AT&T Inc. Premier communications company in the US and around the world.

AON Insurance. A holding company that comprises a family of insurance brokerage, consulting and insurance underwriting subsidiaries.

American Electric Power founded in 1906 is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states.

Bank of America, established in 1784, is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.

BancorpSouth, Inc., which began over 100 years ago is a bank holding company headquartered in Tupelo, Mississippi with $9.4 billion in assets.

Boeing, The world's leading aerospace company, with its heritage mirroring the history of flight. It is the largest manufacturer of satellites, commercial jetliners, and military aircraft.

Bristol-Myers Squibb Founded in 1933, is an $18 billion drug and health care products company.

Citigroup Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries.

Comcast Principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Cable is the third largest cable company in the United States serving approximately 8.5 million cable subscribers.

Cummins Engine Global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems.

CBS Corporation Est in 1928 is a media company going back to the beginnings of the broadcast industry.(Includes: CBS networks, CNET, 39 TV stations, Showtime, operates 178 radio stations, outdoor billboards, Simon& Schuster)

DPL Inc. is a diversified regional energy company. DPL's principal subsidiaries include The DAYTON POWER & LIGHT Company (DP&L) and DPL Energy. DP&L provides electric services to 500,000 retail customers in West Central Ohio.

Dominion Resources One of the nation's largest producers and transporters of energy, with a portfolio of approximately 26,500 megawatts of generation, 1.1 trillion cubic feet equivalent of proved natural gas and oil reserves, 14,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines.

Dow Chemical A global science and technology based company that develops and manufactures a portfolio of chemical, plastic and agricultural products and services for customers in over 160 countries around the world.

Duke Energy One of the largest electric power companies in the United States serving 4 million people.( Elect & Gas in N&S Carolinas, Indiana, Ohio, Kentucky...coal, gas, hydro and nuclear)

Federal Express The premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently.

Florida Progress Annual revenues of more than $11 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services. With a growing presence in 26 states, it is widely recognized as one of the country's premier power companies.

General Electric Est in 1878 is serves technology, media and financial customers in over 100 countries.

FPL Group FPL Group, with annual revenues of more than $11 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services.

Goldman Sachs Founded in 1869, is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide.

Goodrich Corporation, Est in 1870, is a global supplier to aerospace and defense security markets. (OEM and Services to global aircraft industry, global defense & aerospace to Airbus, Boeing, Rolls-Royce)

Goodyear, est in 1898 is the world’s largest tire company with more than 80 facilities in 28 countries. (Rubber, plastic products & chemicals holds leading market shares in: NA, Latin Amer, China & India)

Health Care Property Investors, Inc. is a self-administered, equity real estate investment trust (REIT) that invests exclusively in health care facilities throughout the United States. Properties include acute care and other specialty hospitals, long term care facilities, medical office buildings, congregate care and assisted living facilities, and physician group practice clinics. Acquired properties are leased long term to established health care providers. The Company commenced business in 1985 and is headquartered in Newport Beach, California.

Hertz Global Holdings, Inc., the indirect parent corporation of The Hertz Corporation, is the largest worldwide general use car rental brand and one of the largest equipment rental businesses in the United States. In its car rental business segment, Hertz and its independent licensees and associates accept reservations for car rentals at approximately 7,600 locations in approximately 145 countries.

Kraft Kraft Foods Inc. is the largest branded food and beverage company headquartered in the United States and the second largest worldwide.

IBM is the world's largest information technology company, with 80 years of leadership in helping businesses innovate.

J. C. Penneys, Is over 100 years old operates over 1,075 JCPenney department stores in all 50 states, operates over 1,075 JCPenney department stores in all 50 states, Eckerd 2,600 drugstores throughout US)

JP Morgan JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries.

Limited Brands Through Victoria's Secret, Bath & Body Works, C.O. Bigelow, Express, Limited Stores, White Barn Candle Co. and Henri Bendel, presently operates 3,590 specialty stores.

Lincoln Financial Group , is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. With headquarters in Philadelphia, Lincoln Financial Group had consolidated assets of $125 billion.

MetLife through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers.

Morgan Stanley Morgan Stanley is a global financial services firm and a market leader in securities, investment management, and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.

Motorola Inc Products include software-enhanced wireless telephone, two-way radio and messaging products and systems, as well as networking and Internet-access products.

News Corp Annual revenues of $33 billion. Diversified global media company in eight industry segments. FOX Entertainment, Wall Street Journal, FOX film, 20th Century Fox, FOX News, HarperCollins, NY Post, MySpace.com.

PPL Electric Utilities, Controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to more than 4 million customers.

Peco EnergyExelon Corporation is one of the nation's largest electric utilities with approximately five million customers and more than $15 billion in annual revenues.

Public Service of OK Subsidiary of American Electric Power founded in 1906 generates electricity to 5 million customers in 11 states.

Royal Caribbean Cruise Line Est 1968 is World’s 2nd largest cruise line with 35 ships.

RR Donnelley Est 140 years ago, commercial printing, forms, labels, direct mail, financial printing. Largest printing company in North America.

Sherwin-Williams Founded in 1866, is one of the world's leading companies engaged in the manufacture, distribution and sale of coatings and related products to professional, industrial, commercial and retail customers.

Southern Company More than 4 million customers and nearly 39,000 megawatts of generating capacity, is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity having multiple owned subsidiaries….Gulf Power.

Sprint Nextel , serves 53 million customers in communications services. (Offers leading mobile data services; instant nat'l and inter'l walkie-talkie capabilities; award-winning Tier 1 Internet backbone.)

Sun America Insurance American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions.

Telephone and Data Systems A telecom founded in 1969 with 6.1 million customers/units in 36 states.

Time Warner The world's leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music. U.S. Cellular… Based in Chicago, manages and invests in wireless systems throughout the United States.

Torchmark Torchmark Corporation is a holding company specializing in life and supplemental health insurance for "middle income" Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies.

US Cellular U.S. Cellular, based in Chicago, manages and invests in wireless systems throughout the United States.

Viacom Leading global entertainment content company, with prominent and respected brands in focused demographics. Engaging its audiences through television, motion pictures and digital platforms, Viacom reaches its audiences wherever they consume content. Viacom’s leading brands include the multiplatform properties of MTV Networks, including MTV, VH1, Nickelodeon, Nick at Nite, Comedy Central, CMT: Country Music Television, Spike TV, TV Land, Logo and more than 130 networks around the world.

Valero Energy Corporation Est in 1980 is a refiner with annual revenues of more than $15 billion./p>

Verizon Communications A Dow 30 company, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers.

Walt Disney The world’s premier family entertainment company (ABC & ESPN) and theme park operator.