Martin Capital Advisors, LLP is a registered investment advisor with offices in San Antonio and Austin. We manage individual investment portfolios for long-term growth and income. Our highest priority is to achieve outstanding long-term returns for our clients. For over twenty years, the performance of our investment portfolios has often been ranked at or near the top of all diversified investment strategies. We trust you will find our website to be informative and easy to use. Please take advantage of the economic and financial charts and data that are regularly updated under U.S. Financial Data. We also publish a quarterly newsletter, The Compass, and other investment reports from time to time, which can be found under Reports and Newsletters. If you would like more information on investing with Martin Capital Advisors, LLP, or simply would like to be added to our complimentary email list, please contact us.
Comparison of Investment Results Martin Capital Flexible Portfolios vs. Relevant Indices, 1/01/1991 - 3/31/2014
  Martin Capital Advisors1 S&P 500 Dow Jones Wilshire 5000 Barclay's Agg. Bond Index 3 Month T-Bill Consumer Price Index Total2 1300.2% 818.2% 896.1% 325.2% 98.5% 75.5% Avg.3 12.0% 10.0% 10.4% 6.4% 3.0% 2.5% Important Disclosure Notice:

Past performance does not guarantee future results. Figures include the reinvestment of all dividends received and reflect cash and cash equivalents. Martin Capital Portfolios returns are net of all fees and expenses. From time to time, portfolio performance may reflect the use of margin investing and options, as well as material investments in bonds and cash, and volatility may differ from that of the benchmark. As of 03/31/2014, the MCA Flexible Growth/Balanced/Conservative returns represent, respectively, 31/5/1 individual portfolios and 65%/29%/3% of all funds under management by MCA. Clients explicitly elect these management styles on their Personal Data Form. The MCA Flexible Growth are managed for capital appreciation, and the MCA Balanced and Conservative Portfolios are managed for capital appreciation and income. Independent performance reporting is provided by CGM Investment Management. Independent performance reporting is provided by CGM Investment Management.

MCA claims compliance with the Global Investment Performance Standards (GIPS) and has prepared and presented this report in compliance with the GIPS standards. The listed composites contain all fee-paying accounts with an investment strategy as indicated by the composite title. Non-fee paying or nondiscretionary portfolios are excluded from the composites, but are included in the definition of total firm assets. Performance results are expressed in U.S. dollars. Performance returns are considered PRELIMINARY numbers until examined according to GIPS for the reporting period. To receive a complete list and description of Martin Capital composites and a presentation that adheres to the GIPS standards, contact Paul Martin at (210) 694-2100, ext. 1, or
1Total performance, net of commissions, fees, and expenses of all Martin Capital Advisors' Flexible Growth Portfolios.
2Total compounded return, including reinvestment of dividends and interest.
31991-2014 annualized return.
Martin Capital Advisors, LLP
100 Congress Avenue, Suite 2000
Austin, Texas 78701
(512) 477-7036
Martin Capital Advisors, LLP
3463 Magic Drive, Suite 100
San Antonio, TX 78229
(210) 694-2100
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