S&P 500 Dividend Aristocrats Index Annual Constituents

Financial Professional

1992 - 46 companies Company Ticker AMP Inc. AMP American Home Products AHP Inc. BAX Block H&R HRB CVS Corp. MES Central & South West CSR Coca Cola Co. KO Consolidated Natural Gas CNG CoreStates Financial CSFN Deluxe Corp. DLX Dover Corp. DOV Dun & Bradstreet (old) DNB Emerson Electric EMR FPL Group FPL Fortune Brands, Inc. AMB General Mills GIS Genuine Parts GPC Heinz (H.J.) HNZ Household International HI IKON Office Solutions ASN International Flav/Frag IFF Johnson & Johnson JNJ Jostens Inc. JOS K mart KM Kellogg Co. K Lilly (Eli) & Co. LLY Longs Drug Stores LDG Lowe's Cos. LOW Masco Corp. MAS Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM National Service Ind. NSI Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Quaker Oats OAT Rite Aid RAD Rubbermaid Inc. RBD Stanley Works SWK TXU Corp. TXU Torchmark Corp. TMK Transamerica Corp. TA UST Inc. UST Warner-Lambert WLA Winn-Dixie WIN Yellow Corp YELL

1993 - 47 companies Company Ticker AMP Inc. AMP American Home Products AHP Baxter International Inc. BAX Block H&R HRB CVS Corp. MES Central & South West CSR Coca Cola Co. KO Consolidated Natural Gas CNG CoreStates Financial CFL Deluxe Corp. DLX Dover Corp. DOV Dun & Bradstreet (old) DNB Emerson Electric EMR FPL Group FPL Fortune Brands, Inc. AMB General Mills GIS Genuine Parts GPC Harland (J.H.) JH Heinz (H.J.) HNZ Household International HI IKON Office Solutions ASN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ Jostens Inc. JOS K mart KM Kellogg Co. K Lilly (Eli) & Co. LLY Longs Drug Stores LDG Lowe's Cos. LOW Masco Corp. MAS Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM National Service Ind. NSI Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Providian Financial Corp. CPH Quaker Oats OAT Rite Aid RAD Rubbermaid Inc. RBD Stanley Works SWK TXU Corp. TXU Torchmark Corp. TMK UST Inc. UST Warner-Lambert WLA Winn-Dixie WIN

1994 - 48 companies Company Ticker AMP Inc. AMP American Home Products AHP Baxter International Inc. BAX Block H&R HRB CVS Corp. MES Central & South West CSR Coca Cola Co. KO Consolidated Natural Gas CNG CoreStates Financial CFL Deluxe Corp. DLX Dover Corp. DOV Dun & Bradstreet (old) DNB Emerson Electric EMR FPL Group FPL Fortune Brands, Inc. AMB General Mills GIS Genuine Parts GPC Harland (J.H.)(old) JH Heinz (H.J.) HNZ Household International HI IKON Office Solutions ASN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ Jostens Inc. JOS K mart KM Kellogg Co. K KeyCorp KEY Lilly (Eli) & Co. LLY Longs Drug Stores LDG Lowe's Cos. LOW Masco Corp. MAS Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM National Service Ind. NSI Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Providian Financial Corp. PVN Quaker Oats OAT Rite Aid RAD Rubbermaid Inc. RBD Stanley Works SWK TXU Corp. TXU Torchmark Corp. TMK UST Inc. UST Warner-Lambert WLA Winn-Dixie WIN

1995 - 44 companies Company Ticker ALLTEL Corp. AT AMP Inc. AMP American Home Products AHP Baxter International Inc. BAX Block H&R HRB Central & South West CSR Coca Cola Co. KO Comerica Inc. CMA Consolidated Natural Gas CNG CoreStates Financial CFL Deluxe Corp. DLX Dover Corp. DOV Dun & Bradstreet (old) DNB Emerson Electric EMR Fortune Brands, Inc. AMB General Mills GIS Genuine Parts GPC Harland (J.H.)(old) JH Heinz (H.J.) HNZ Household International HI IKON Office Solutions ASN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ K mart KM Kellogg Co. K KeyCorp KEY Lilly (Eli) & Co. LLY Lowe's Cos. LOW Masco Corp. MAS Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM National Service Ind. NSI Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Providian Financial Corp. PVN Quaker Oats OAT Rubbermaid Inc. RBD Stanley Works SWK Torchmark Corp. TMK UST Inc. UST Warner-Lambert WLA Winn-Dixie WIN

1996 - 41 Companies Company Ticker ALLTEL Corp. AT AMP Inc. AMP American Home Products AHP Aon Corp. AOC Bard (C.R.) Inc. BCR Baxter International Inc. BAX Block H&R HRB Central & South West CSR Coca Cola Co. KO Comerica Inc. CMA CoreStates Financial CFL Deluxe Corp. DLX Dover Corp. DOV Dun & Bradstreet (old) DNB Emerson Electric EMR Fortune Brands, Inc. AMB Genuine Parts GPC Harland (J.H.)(old) JH Heinz (H.J.) HNZ Household International HI IKON Office Solutions ASN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ Kellogg Co. K KeyCorp KEY Lilly (Eli) & Co. LLY Lowe's Cos. LOW Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM National Service Ind. NSI Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Providian Financial Corp. PVN Quaker Oats OAT Rubbermaid Inc. RBD Stanley Works SWK UST Inc. UST Warner-Lambert WLA Winn-Dixie WIN

1997 - 45 companies Company Ticker ALLTEL Corp. AT AMP Inc. AMP Albertson's ABS American Home Products AHP Aon Corp. AOC Bank One Corp. ONE Bard (C.R.) Inc. BCR Baxter International Inc. BAX Becton, Dickinson BDX Central & South West CSR Coca Cola Co. KO Comerica Inc. CMA CoreStates Financial CFL Donnelley (R.R.) & Sons DNY Dover Corp. DOV Emerson Electric EMR Frontier Corp. FRO Gannett Co. GCI Genuine Parts GPC Grainger (W.W.) Inc. GWW Heinz (H.J.) HNZ Household International HI Huntington Bancshares HBAN IKON Office Solutions IKN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ Kellogg Co. K KeyCorp KEY Lilly (Eli) & Co. LLY Lowe's Cos. LOW Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM National Service Ind. NSI PPG Industries PPG Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Rubbermaid Inc. RBD Stanley Works SWK TRW Inc. TRW Target Corp. DH UST Inc. UST Warner-Lambert WLA Winn-Dixie WIN

1998 - 47 companies Company Ticker ALLTEL Corp. AT AMP Inc. AMP Abbott Labs ABT Albertson's ABS American Home Products AHP Aon Corp. AOC Bank One Corp. ONE Bard (C.R.) Inc. BCR Becton, Dickinson BDX Coca Cola Co. KO Comerica Inc. CMA Donnelley (R.R.) & Sons DNY Dover Corp. DOV Emerson Electric EMR Gannett Co. GCI Genuine Parts GPC Grainger (W.W.) Inc. GWW Great Lakes Chemical GLK Heinz (H.J.) HNZ Household International HI Huntington Bancshares HBAN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ Kellogg Co. K KeyCorp KEY Kimberly-Clark KMB Lilly (Eli) & Co. LLY Lowe's Cos. LOW Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM National Service Ind. NSI Nucor Corp. NUE PPG Industries PPG PepsiCo Inc. PEP Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Regions Financial Corp. RGBK Rubbermaid Inc. RBD Stanley Works SWK TRW Inc. TRW Target Corp. DH UST Inc. UST V.F. Corp. VFC Warner-Lambert WLA Winn-Dixie WIN

1999 - 53 companies Company Ticker ALLTEL Corp. AT Abbott Labs ABT Albertson's ABS AmSouth Bancorporation ASO American Home Products AHP Aon Corp. AOC Automatic Data Processing Inc. AUD Bank One Corp. ONE Bard (C.R.) Inc. BCR Becton, Dickinson BDX Century Telephone CTL Coca Cola Co. KO Comerica Inc. CMA Donnelley (R.R.) & Sons DNY Dover Corp. DOV Emerson Electric EMR Florida Progress FPC Gannett Co. GCI Genuine Parts GPC Grainger (W.W.) Inc. GWW Heinz (H.J.) HNZ Household International HI Huntington Bancshares HBAN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ Kellogg Co. K KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW McGraw-Hill MHP Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM NACCO Ind. Cl. A NC Nucor Corp. NUE Old Kent Financial OK PPG Industries PPG Pall Corp. PLL PepsiCo Inc. PEP Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Regions Financial Corp. RGBK Stanley Works SWK Supervalu Inc. SVU TRW Inc. TRW Target Corp. DH U.S. Bancorp FSR V.F. Corp. VFC Warner-Lambert WLA Winn-Dixie WIN

2000 - 54 companies Company Ticker ALLTEL Corp. AT Abbott Labs ABT Albertson's ABS AmSouth Bancorporation ASO American Home Products AHP Anheuser-Busch BUD Aon Corp. AOC Archer-Daniels-Midland ADM Automatic Data Processing Inc. ADP Bank One Corp. ONE Bard (C.R.) Inc. BCR Becton, Dickinson BDX Century Telephone CTL Coca Cola Co. KO Comerica Inc. CMA Consolidated Edison ED Donnelley (R.R.) & Sons DNY Dover Corp. DOV Emerson Electric EMR Gannett Co. GCI Genuine Parts GPC Grainger (W.W.) Inc. GWW Heinz (H.J.) HNZ Household International HI Huntington Bancshares HBAN International Flav/Frag IFF Jefferson-Pilot JP Johnson & Johnson JNJ Kellogg Co. K KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW McGraw-Hill MHP Minn. Mining & Mfg. MMM Morgan (J.P.) & Co. (Old2) JPM Nucor Corp. NUE Old Kent Financial OK PPG Industries PPG Pall Corp. PLL PepsiCo Inc. PEP Pfizer, Inc. PFE Philip Morris MO Procter & Gamble PG Regions Financial Corp. RGBK Sigma-Aldrich SIAL Stanley Works SWK Supervalu Inc. SVU TRW Inc. TRW Target Corp. TGT U.S. Bancorp FSR V.F. Corp. VFC Xcel Energy Inc XEL

2001 - 64 companies Company Ticker Company Ticker ALLTEL Corp. AT Minn. Mining & Mfg. MMM Abbott Labs ABT Nucor Corp. NUE Albertson's ABS PPG Industries PPG AmSouth Bancorporation ASO Pall Corp. PLL American Home Products AHP PepsiCo Inc. PEP Anheuser-Busch BUD Pfizer, Inc. PFE Aon Corp. AOC Philip Morris MO Archer-Daniels-Midland ADM Procter & Gamble PG Automatic Data Processing Inc. ADP Regions Financial Corp. RGBK Avery Dennison Corp. AVY Sigma-Aldrich SIAL Bard (C.R.) Inc. BCR Stanley Works SWK Becton, Dickinson BDX Supervalu Inc. SVU Century Telephone CTL Sysco Corp. SYY Chubb Corp. CB TECO Energy TE Coca Cola Co. KO TRW Inc. TRW Comerica Inc. CMA Target Corp. TGT ConAgra Foods, Inc. CAG U.S. Bancorp USB Consolidated Edison ED V.F. Corp. VFC Donnelley (R.R.) & Sons DNY Walgreen Co. WAG Dover Corp. DOV Xcel Energy Inc XEL Emerson Electric EMR Family Dollar Stores FDO Gannett Co. GCI General Electric GE Genuine Parts GPC Grainger (W.W.) Inc. GWW Heinz (H.J.) HNZ Hershey Foods HSY Household International HI Huntington Bancshares HBAN Tool Works ITW Jefferson-Pilot JP Johnson & Johnson JNJ Johnson Controls JCI Kellogg Co. K KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW May Dept. Stores MAY McDonald's Corp. MCD McGraw-Hill MHP Merck & Co. MRK

2002 - 61 companies Company Ticker Company Ticker 3M Company MMM McGraw-Hill MHP ALLTEL Corp. AT Merck & Co. MRK Abbott Labs ABT Nucor Corp. NUE Albertson's ABS PPG Industries PPG AmSouth Bancorporation ASO Pall Corp. PLL Anheuser-Busch BUD PepsiCo Inc. PEP Aon Corp. AOC Pfizer, Inc. PFE Archer-Daniels-Midland ADM Philip Morris MO Automatic Data Processing Inc. ADP Procter & Gamble PG Avery Dennison Corp. AVY Regions Financial Corp. RF Bard (C.R.) Inc. BCR Sigma-Aldrich SIAL Becton, Dickinson BDX Stanley Works SWK Century Telephone CTL Supervalu Inc. SVU Chubb Corp. CB Sysco Corp. SYY Clorox Co. CLX TECO Energy TE Coca Cola Co. KO Target Corp. TGT Comerica Inc. CMA U.S. Bancorp USB ConAgra Foods, Inc. CAG V.F. Corp. VFC Consolidated Edison ED Wal-Mart Stores WMT Donnelley (R.R.) & Sons DNY Walgreen Co. WAG Dover Corp. DOV Xcel Energy Inc XEL Emerson Electric EMR Family Dollar Stores FDO Gannett Co. GCI General Electric GE Grainger (W.W.) Inc. GWW Heinz (H.J.) HNZ Household International HI Jefferson-Pilot JP Johnson & Johnson JNJ Johnson Controls JCI Kellogg Co. K KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW Marshall & Ilsley Corp. MI May Dept. Stores MAY McDonald's Corp. MCD

2003 - 56 companies Company Ticker 3M Company MMM ALLTEL Corp. AT Abbott Labs ABT Altria Group, Inc. MO AmSouth Bancorporation ASO Anheuser-Busch BUD Archer-Daniels-Midland ADM Automatic Data Processing Inc. ADP Avery Dennison Corp. AVY Bank of America Corp. BAC Bard (C.R.) Inc. BCR Becton, Dickinson BDX Century Telephone CTL Chubb Corp. CB Clorox Co. CLX Coca Cola Co. KO Comerica Inc. CMA ConAgra Foods, Inc. CAG Consolidated Edison ED Donnelley (R.R.) & Sons DNY Dover Corp. DOV Emerson Electric EMR Family Dollar Stores FDO First Tennessee National FTN Gannett Co. GCI General Electric GE Grainger (W.W.) Inc. GWW Jefferson-Pilot JP Johnson & Johnson JNJ Johnson Controls JCI KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW May Dept. Stores MAY McDonald's Corp. MCD McGraw-Hill MHP Merck & Co. MRK Nucor Corp. NUE PPG Industries PPG PepsiCo Inc. PEP Pfizer, Inc. PFE Procter & Gamble PG Progressive Corp. PGR Regions Financial Corp. RF Rohm & Haas ROH Sigma-Aldrich SIAL SouthTrust Corp. SOTR Stanley Works SWK Supervalu Inc. SVU Target Corp. TGT U.S. Bancorp USB V.F. Corp. VFC Wal-Mart Stores WMT Walgreen Co. WAG

2004 - 57 companies Company Ticker 3M Company MMM ALLTEL Corp. AT Abbott Labs ABT Altria Group, Inc. MO AmSouth Bancorporation ASO Anheuser-Busch BUD Archer-Daniels-Midland ADM Automatic Data Processing Inc. ADP Avery Dennison Corp. AVY Bank of America Corp. BAC Bard (C.R.) Inc. BCR Becton, Dickinson BDX Century Telephone CTL Chubb Corp. CB Clorox Co. CLX Coca Cola Co. KO Comerica Inc. CMA ConAgra Foods, Inc. CAG Consolidated Edison ED Donnelley (R.R.) & Sons RRD Dover Corp. DOV Emerson Electric EMR Family Dollar Stores FDO First Horizon National FHN Gannett Co. GCI General Electric GE Grainger (W.W.) Inc. GWW Jefferson-Pilot JP Johnson & Johnson JNJ Johnson Controls JCI KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW May Dept. Stores MAY McDonald's Corp. MCD McGraw-Hill MHP Merck & Co. MRK Nucor Corp. NUE PPG Industries PPG PepsiCo Inc. PEP Pfizer, Inc. PFE Procter & Gamble PG Progressive Corp. PGR Regions Financial Corp. (New) RF Rohm & Haas ROH Sherwin-Williams SHW Sigma-Aldrich SIAL Stanley Works SWK State Street Corp. STT Supervalu Inc. SVU Target Corp. TGT U.S. Bancorp USB V.F. Corp. VFC Wal-Mart Stores WMT Walgreen Co. WAG

2005 - 59 companies Company Ticker Company Ticker 3M Company MMM Nucor Corp. NUE ALLTEL Corp. AT PPG Industries PPG Abbott Labs ABT PepsiCo Inc. PEP Altria Group, Inc. MO Pfizer, Inc. PFE AmSouth Bancorporation ASO Procter & Gamble PG Anheuser-Busch BUD Progressive Corp. PGR Archer-Daniels-Midland ADM Regions Financial Corp. (New) RF Automatic Data Processing Inc. ADP Rohm & Haas ROH Avery Dennison Corp. AVY Sherwin-Williams SHW BB&T Corporation BBT Sigma-Aldrich SIAL Bank of America Corp. BAC Stanley Works SWK Bard (C.R.) Inc. BCR State Street Corp. STT Becton, Dickinson BDX Supervalu Inc. SVU Century Telephone CTL Target Corp. TGT Chubb Corp. CB U.S. Bancorp USB Clorox Co. CLX V.F. Corp. VFC Coca Cola Co. KO Wal-Mart Stores WMT Comerica Inc. CMA Walgreen Co. WAG ConAgra Foods, Inc. CAG Wrigley (Wm) Jr. WWY Consolidated Edison ED Dover Corp. DOV Emerson Electric EMR Family Dollar Stores FDO Fifth Third Bancorp FITB First Horizon National FHN Gannett Co. GCI General Electric GE Grainger (W.W.) Inc. GWW Jefferson-Pilot JP Johnson & Johnson JNJ Johnson Controls JCI KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW M&T Bank Corp. MTB McDonald's Corp. MCD McGraw-Hill MHP Merck & Co. MRK

2006 - 59 companies Company Ticker Company Ticker 3M Company MMM Nucor Corp. NUE Abbott Labs ABT PPG Industries PPG Altria Group, Inc. MO PepsiCo Inc. PEP Anheuser-Busch BUD Pfizer, Inc. PFE Archer-Daniels-Midland ADM Procter & Gamble PG Automatic Data Processing Inc. ADP Progressive Corp. PGR Avery Dennison Corp. AVY Questar Corp. STRo BB&T Corporation BBT Regions Financial Corp. RF Bank of America Corp. BAC Rohm & Haas ROH Bard (C.R.) Inc. BCR SLM Corporation SLM Becton, Dickinson BDX Sherwin-Williams SHW Century Telephone CTL Sigma-Aldrich SIAL Chubb Corp. CB Stanley Works SWK Cincinnati Financial CINF State Street Corp. STT Clorox Co. CLX Supervalu Inc. SVU Coca Cola Co. KO Synovus Financial SNV Comerica Inc. CMA Target Corp. TGT Compass Bancshares CBSS U.S. Bancorp USB Consolidated Edison ED V.F. Corp. VFC Dover Corp. DOV Wal-Mart Stores WMT Emerson Electric EMR Walgreen Co. WAG Family Dollar Stores FDO Wrigley (Wm) Jr. WWY Fifth Third Bancorp FITB First Horizon National FHN Gannett Co. GCI General Electric GE Grainger (W.W.) Inc. GWW Johnson & Johnson JNJ Johnson Controls JCI KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW M&T Bank Corp. MTB McDonald's Corp. MCD McGraw-Hill MHP

2007 - 60 companies Company Ticker Company Ticker 3M Company MMM McGraw-Hill MHP AFLAC Inc. AFL Nucor Corp. NUE Abbott Labs ABT PPG Industries PPG Air Products & Chemicals APD PepsiCo Inc. PEP Anheuser-Busch BUD Pfizer, Inc. PFE Archer-Daniels-Midland ADM Pitney-Bowes PBI Automatic Data Processing Inc. ADP Procter & Gamble PG Avery Dennison Corp. AVY Progressive Corp. PGR BB&T Corporation BBT Questar Corp. STRo Bank of America Corp. BAC Regions Financial Corp. RF Bard (C.R.) Inc. BCR Rohm & Haas ROH Becton, Dickinson BDX Sherwin-Williams SHW Century Telephone CTL Sigma-Aldrich SIAL Chubb Corp. CB Stanley Works SWK Cincinnati Financial CINF State Street Corp. STT Clorox Co. CLX Supervalu Inc. SVU Coca Cola Co. KO Synovus Financial SNV Comerica Inc. CMA Target Corp. TGT Consolidated Edison ED U.S. Bancorp USB Dover Corp. DOV V.F. Corp. VFC Emerson Electric EMR Wal-Mart Stores WMT Exxon Mobil Corp. XOM Walgreen Co. WAG Family Dollar Stores FDO Wrigley (Wm) Jr. WWY Fifth Third Bancorp FITB Gannett Co. GCI General Electric GE Grainger (W.W.) Inc. GWW Integrys Energy Group, Inc. TEG Johnson & Johnson JNJ Johnson Controls JCI KeyCorp KEY Kimberly-Clark KMB Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW M&T Bank Corp. MTB McDonald's Corp. MCD

2008 - 52 companies Company Ticker 3M Company MMM AFLAC Inc. AFL Abbott Labs ABT Air Products & Chemicals APD Archer-Daniels-Midland ADM Automatic Data Processing Inc. ADP Avery Dennison Corp. AVY BB&T Corporation BBT Bard (C.R.) Inc. BCR Becton, Dickinson BDX Bemis Company BMS Century Telephone CTL Chubb Corp. CB Cincinnati Financial CINF Clorox Co. CLX Coca Cola Co. KO Consolidated Edison ED Dover Corp. DOV Emerson Electric EMR Exxon Mobil Corp. XOM Family Dollar Stores FDO Gannett Co. GCI General Electric GE Grainger (W.W.) Inc. GWW Integrys Energy Group, Inc. TEG Johnson & Johnson JNJ Johnson Controls JCI Kimberly-Clark KMB Legg Mason LM Leggett & Platt LEG Lilly (Eli) & Co. LLY Lowe's Cos. LOW M&T Bank Corp. MTB McDonald's Corp. MCD McGraw-Hill MHP PPG Industries PPG PepsiCo Inc. PEP Pfizer, Inc. PFE Pitney-Bowes PBI Procter & Gamble PG Questar Corp. STRo Rohm & Haas ROH Sherwin-Williams SHW Sigma-Aldrich SIAL Stanley Works SWK State Street Corp. STT Supervalu Inc. SVU Target Corp. TGT U.S. Bancorp USB V.F. Corp. VFC Wal-Mart Stores WMT Walgreen Co. WAG

2009 - 43 companies Company Ticker 3M Co MMM AFLAC Inc AFL ABT Air Products & Chemicals Inc APD Archer-Daniels-Midland Co ADM Automatic Data Processing ADP Bard, C.R. Inc BCR Becton, Dickinson & Co BDX Bemis Co Inc BMS Brown-Forman Corp B BF.B Centurytel Inc CTL Chubb Corp CB Cincinnati Financial Corp CINF Cintas Corp CTAS Clorox Co CLX Coca-Cola Co KO Consolidated Edison Inc ED Dover Corp DOV Emerson Electric Co EMR Exxon Mobil Corp XOM Family Dollar Stores Inc FDO Grainger, W.W. Inc GWW Integrys Energy Group Inc TEG Johnson & Johnson JNJ Kimberly-Clark KMB Leggett & Platt LEG Lilly, Eli & Co LLY Lowe's Cos Inc LOW McDonald's Corp MCD McGraw-Hill Cos Inc MHP PPG Industries Inc PPG PepsiCo Inc PEP Pitney Bowes Inc PBI Procter & Gamble PG Questar Corp STR Sherwin-Williams Co SHW Sigma-Aldrich Corp SIAL Stanley Works SWK Supervalu Inc SVU Target Corp TGT VF Corp VFC Wal-Mart Stores WMT Walgreen Co WAG

2010 - 42 companies Company Ticker 3M Co MMM AFLAC Inc AFL Abbott Laboratories ABT Air Products & Chemicals Inc APD Archer-Daniels-Midland Co ADM Automatic Data Processing ADP Bard, C.R. Inc BCR Becton, Dickinson & Co BDX Bemis Co Inc BMS Brown-Forman Corp B BF.B CenturyLink Inc CTL Chubb Corp CB Cincinnati Financial Corp CINF Cintas Corp CTAS Clorox Co CLX Coca-Cola Co KO Consolidated Edison Inc ED Dover Corp DOV Ecolab Inc ECL Emerson Electric Co EMR Exxon Mobil Corp XOM Family Dollar Stores Inc FDO Grainger, W.W. Inc GWW Hormel Foods Corp HRL Johnson & Johnson JNJ Kimberly-Clark KMB Leggett & Platt LEG Lowe's Cos Inc LOW McCormick & Co MKC McDonald's Corp MCD McGraw-Hill Cos Inc MHP PPG Industries Inc PPG PepsiCo Inc PEP Pitney Bowes Inc PBI Procter & Gamble PG Sherwin-Williams Co SHW Sigma-Aldrich Corp SIAL Stanley Black & Decker SWK Target Corp TGT VF Corp VFC Wal-Mart Stores WMT Walgreen Co WAG

2011- 51 companies Company Ticker 3M Co MMM AFLAC Inc AFL AT&T Inc T Abbott Laboratories ABT Air Products & Chemicals Inc APD Archer-Daniels-Midland Co ADM Automatic Data Processing ADP Bard, C.R. Inc BCR Becton, Dickinson & Co BDX Bemis Co Inc BMS Brown-Forman Corp B BF.B Chubb Corp CB Cincinnati Financial Corp CINF Cintas Corp CTAS Clorox Co CLX Coca-Cola Co KO Colgate-Palmolive Co CL Consolidated Edison Inc ED Dover Corp DOV Ecolab Inc ECL Emerson Electric Co EMR Exxon Mobil Corp XOM Family Dollar Stores Inc FDO Franklin Resources Inc BEN Genuine Parts Co GPC Grainger, W.W. Inc GWW HCP Inc HCP Hormel Foods Corp HRL Inc ITW Johnson & Johnson JNJ Kimberly-Clark KMB Leggett & Platt LEG Lowe's Cos Inc LOW McCormick & Co MKC McDonald's Corp MCD McGraw-Hill Cos Inc MHP Medtronic Inc MDT Nucor Corp NUE PPG Industries Inc PPG PepsiCo Inc PEP Pitney Bowes Inc PBI Procter & Gamble PG Sherwin-Williams Co SHW Sigma-Aldrich Corp SIAL Stanley Black & Decker SWK Sysco Corp SYY T Rowe Price Group Inc TROW Target Corp TGT VF Corp VFC Wal-Mart Stores WMT Walgreen Co WAG

2012- 51 companies Company Ticker 3M Co MMM AFLAC Inc AFL AT&T Inc T Abbott Laboratories ABT Air Products & Chemicals Inc APD Archer-Daniels-Midland Co ADM Automatic Data Processing ADP Bard C.R. Inc BCR Becton Dickinson & Co BDX Bemis Co Inc BMS Brown-Forman Corp B BF.B Chubb Corp CB Cincinnati Financial Corp CINF Cintas Corp CTAS Clorox Co CLX Coca-Cola Co KO Colgate-Palmolive Co CL Consolidated Edison Inc ED Dover Corp DOV Ecolab Inc ECL Emerson Electric Co EMR Exxon Mobil Corp XOM Family Dollar Stores Inc FDO Franklin Resources Inc BEN Genuine Parts Co GPC Grainger W.W. Inc GWW HCP Inc HCP Hormel Foods Corp HRL Illinois Tool Works Inc ITW Johnson & Johnson JNJ Kimberly-Clark KMB Leggett & Platt LEG Lowe's Cos Inc LOW McCormick & Co MKC McDonald's Corp MCD McGraw-Hill Cos Inc MHP Medtronic Inc MDT Nucor Corp NUE PPG Industries Inc PPG PepsiCo Inc PEP Pitney Bowes Inc PBI Procter & Gamble PG Sherwin-Williams Co SHW Sigma-Aldrich Corp SIAL Stanley Black & Decker SWK Sysco Corp SYY T Rowe Price Group Inc TROW Target Corp TGT VF Corp VFC Wal-Mart Stores WMT Walgreen Co WAG

2013 - 54 companies Company Ticker 3M Co MMM AFLAC Inc AFL AT&T Inc T AbbVie Inc. ABBV Abbott Laboratories ABT Air Products & Chemicals Inc APD Archer-Daniels-Midland Co ADM Automatic Data Processing ADP Bard C.R. Inc BCR Becton Dickinson & Co BDX Bemis Co Inc BMS Brown-Forman Corp B BF.B Cardinal Health Inc CAH Chevron Corp CVX Chubb Corp CB Cincinnati Financial Corp CINF Cintas Corp CTAS Clorox Co CLX Coca-Cola Co KO Colgate-Palmolive Co CL Consolidated Edison Inc ED Dover Corp DOV Ecolab Inc ECL Emerson Electric Co EMR Exxon Mobil Corp XOM Family Dollar Stores Inc FDO Franklin Resources Inc BEN Genuine Parts Co GPC Grainger W.W. Inc GWW HCP Inc HCP Hormel Foods Corp HRL Illinois Tool Works Inc ITW Johnson & Johnson JNJ Kimberly-Clark KMB Leggett & Platt LEG Lowe's Cos Inc LOW McCormick & Co MKC McDonald's Corp MCD McGraw Hill Financial Inc MHFI Medtronic Inc MDT Nucor Corp NUE PPG Industries Inc PPG Pentair Ltd. PNR PepsiCo Inc PEP Procter & Gamble PG Sherwin-Williams Co SHW Sigma-Aldrich Corp SIAL Stanley Black & Decker SWK Sysco Corp SYY T Rowe Price Group Inc TROW Target Corp TGT VF Corp VFC Wal-Mart Stores WMT Walgreen Co WAG

2014 - 53 companies Company Ticker 3M Co MMM AFLAC Inc AFL AT&T Inc T AbbVie Inc. ABBV Abbott Laboratories ABT Air Products & Chemicals Inc APD Archer-Daniels-Midland Co ADM Automatic Data Processing ADP Bard C.R. Inc BCR Becton Dickinson & Co BDX Brown-Forman Corp B BF.B Cardinal Health Inc CAH Chevron Corp CVX Chubb Corp CB Cincinnati Financial Corp CINF Cintas Corp CTAS Clorox Co CLX Coca-Cola Co KO Colgate-Palmolive Co CL Consolidated Edison Inc ED Dover Corp DOV Ecolab Inc ECL Emerson Electric Co EMR Exxon Mobil Corp XOM Family Dollar Stores Inc FDO Franklin Resources Inc BEN Genuine Parts Co GPC Grainger W.W. Inc GWW HCP Inc HCP Hormel Foods Corp HRL Illinois Tool Works Inc ITW Johnson & Johnson JNJ Kimberly-Clark KMB Leggett & Platt LEG Lowe's Cos Inc LOW McCormick & Co MKC McDonald's Corp MCD McGraw Hill Financial Inc MHFI Medtronic Inc MDT Nucor Corp NUE PPG Industries Inc PPG Pentair PLC PNR PepsiCo Inc PEP Procter & Gamble PG Sherwin-Williams Co SHW Sigma-Aldrich Corp SIAL Stanley Black & Decker SWK Sysco Corp SYY T Rowe Price Group Inc TROW Target Corp TGT VF Corp VFC Wal-Mart Stores WMT Inc WBA

2015 - 51 companies Company Ticker 3M Co MMM AFLAC Inc AFL AT&T Inc T AbbVie Inc. ABBV Abbott Laboratories ABT Air Products & Chemicals Inc APD Archer-Daniels-Midland Co ADM Automatic Data Processing ADP Bard C.R. Inc BCR Becton Dickinson & Co BDX Brown-Forman Corp B BF.B Cardinal Health Inc CAH Chevron Corp CVX Chubb Corp CB Cincinnati Financial Corp CINF Cintas Corp CTAS Clorox Co CLX Coca-Cola Co KO Colgate-Palmolive Co CL Consolidated Edison Inc ED Dover Corp DOV Ecolab Inc ECL Emerson Electric Co EMR Exxon Mobil Corp XOM Franklin Resources Inc BEN Genuine Parts Co GPC Grainger W.W. Inc GWW HCP Inc HCP Hormel Foods Corp HRL Illinois Tool Works Inc ITW Johnson & Johnson JNJ Kimberly-Clark KMB Leggett & Platt LEG Lowe's Cos Inc LOW McCormick & Co MKC McDonald's Corp MCD McGraw Hill Financial Inc MHFI Medtronic plc MDT Nucor Corp NUE PPG Industries Inc PPG Pentair PLC PNR PepsiCo Inc PEP Procter & Gamble PG Sherwin-Williams Co SHW Stanley Black & Decker SWK Sysco Corp SYY T Rowe Price Group Inc TROW Target Corp TGT VF Corp VFC Wal-Mart Stores WMT Walgreens Boots Alliance Inc WBA

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Simeon Hyman, CFA Kieran Kirwan, CAIA Leks Gerlak, CFA Head of Investment Strategy Senior Investment Strategist Investment Strategist [email protected] [email protected] [email protected] 917.409.1849 240.497.6415 240.497.6638

Joanne Hill, PhD Cynthia Truong, CFA Head of Institutional Senior Investment Investment Strategy Analytics Specialist [email protected] [email protected] 240.497.6546 240.497.6540