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Martin
Capital Advisors, LLP is a registered investment advisor that
specializes in managing investment portfolios for long-term
growth, income and capital appreciation. We manage portfolios for individuals, trusts and pension
plans. Several types of
investment portfolios are available with a minimum investment
of $250,000.
Portfolio manager Paul Martin is a
retired U.S. Naval Reserve commander whose investment
performance has consistently ranked him within the top echelon
of equity managers. Our top priority is to obtain
superior returns for our clients. While reviewing the
investment results below, investors should be aware that past performance
is no guarantee of portfolio gains in the future. | |
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Growth of $10,000
1/1/91 - 12/31/07
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The graphs above follow the historical growth of
$10,000 invested at the beginning of 1991 in the Martin Capital
Advisors Flexible Portfolio (blue line); in the Nasdaq Composite
(green line); and in the S&P 500 (red line). By
September 30, 2007, $10,000 invested in the average MCA Flexible
Portfolio had grown to $85,182, a similar investment in the
NASDAQ composite index had grown to $72,282, while a similar
investment in the S&P 500 had grown to $64,906. The NASDAQ
Composite growth index does not include reinvestment of dividends
due to insufficient data being available for the period.
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Comparison of Investment
Results
Martin Capital Flexible
Portfolios vs. Relevant Indices |
|
Year |
Martin
Capital
Advisors2 |
NASDAQ5 |
S&P 500
Index |
Dow Jones
Industrial
Average |
D-J Wilshire
5000
Index |
S/L Long
T-Bond
Index |
91-Day
T-Bill Rate |
Consumer
Price
Index |
|
1991 |
33.9% |
56.9% |
30.6% |
4.5% |
34.2% |
18.5%
|
5.6% |
3.1% |
|
1992 |
26.8% |
15.5% |
7.7% |
8.0% |
9.0% |
8.0% |
3.5% |
2.9% |
|
1993 |
14.5% |
14.8% |
10.0% |
18.1% |
11.3% |
17.3%
|
2.9% |
2.8% |
|
1994 |
-2.1% |
-3.2% |
1.3% |
5.9% |
-0.1% |
-6.9% |
3.9% |
2.7% |
|
1995 |
27.5% |
40.0%
|
37.6% |
36.9% |
36.5% |
30.7%
|
5.6% |
2.5% |
|
1996 |
29.4% |
22.7% |
23.0% |
29.1% |
21.2% |
-0.8% |
5.2% |
3.3% |
|
1997 |
41.4% |
21.6% |
33.4% |
24.9% |
31.3% |
15.1%
|
5.3% |
1.7% |
|
1998 |
78.8% |
39.6% |
28.7% |
18.1% |
23.4% |
13.5%
|
4.9% |
1.6% |
|
1999 |
58.2% |
85.6% |
21.0% |
27.2% |
23.6% |
-8.7% |
4.7% |
2.7% |
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2000 |
-33.0% |
-39.3% |
-9.1% |
-4.9% |
-10.9% |
20.1% |
5.9% |
3.4% |
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2001 |
-17.4% |
-21.2% |
-11.9% |
-5.4% |
-11.0% |
4.6% |
3.8% |
1.6% |
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2002 |
-38.3% |
-31.5% |
-22.1% |
-15.1% |
-20.9% |
-17.2% |
1.7% |
2.4% |
|
2003 |
56.8% |
50.0% |
28.7% |
28.3% |
31.6% |
2.1% |
1.0% |
1.9% |
|
2004 |
10.7% |
8.6% |
10.9% |
5.3% |
12.6% |
8.0% |
1.4% |
3.6% |
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2005 |
7.6% |
1.4% |
4.9% |
1.7% |
6.3% |
6.7% |
3.0% |
3.5% |
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2006 |
-5.6% |
9.5% |
15.8% |
19.1% |
15.9% |
0.3% |
4.9% |
2.0% |
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2007 |
5.9% |
9.8% |
5.5% |
8.9% |
5.7% |
10.1% |
4.7% |
4.3% |
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Total3 |
700.2% |
609.6% |
527.3% |
659.5% |
552.9% |
315.0% |
93.5% |
57.1% |
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Avg.4 |
13.0% |
12.2% |
11.5% |
12.7% |
11.7% |
8.7% |
4.0% |
2.7% |
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While comparing these results, investors should be aware
of the following:
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Past
performance cited does not guarantee investment gains in the
future.
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These figures include
the reinvestment of all dividends received and reflect cash and
cash equivalents.
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The Martin Capital
Flexible Portfolios tend to be more volatile than the S&P
500. From time to time, portfolio performance may reflect the
use of margin investing as well as material investments in
bonds or cash. The manager will utilize stocks, bonds, and cash
in an attempt to enhance returns.
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The Martin Capital
Flexible Portfolios contain primarily equity investments that are
managed with a view toward capital appreciation.
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The Flexible Portfolio
average cited above represented 34 individual portfolios and 39.5% of all funds under management by Martin Capital Advisors, LLP on
12/31/07. Clients explicitly elect this management
style on their personal data form.
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1Total
Annual Performance, net of commissions, fees and expenses, of all
Martin Capital Advisors Flexible Portfolios.
2Total compounded return, including
reinvestment of dividends and
interest.
31/1/1991-12/31/07 YTD annualized
return.
4Without
dividends. |
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