Martin Capital Management Launches First Fund
Money and Finance

Martin Capital Management Launches First Fund


Elkhart, Indiana-based Martin Capital Management, LLC, has launched its maiden mutual fund, the Martin Focused Value Fund (MFVRX/MFVIX), which will bet undervalued shares of publicly traded U.S. companies.

The fund is managed by firm founder Frank K. Martin and has an expense ratio of 140 basis points. According to Martin, the fund is not compelled to be 100% invested and will even hold a large portion of its portfolio in cash “if we're not finding bargains - or if we feel that global economic threats pose a significant risk to investors' capital.”

“It's silly to invest just to be invested," he stated.

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Related previous posts:

I Cannot Leave the Truth Unknown - By Frank Martin 

Martin Capital Management - 2011 Annual Report




- Links
Louis Hyman lecture on his book Borrow: The American Way of Debt [H/T Matt] (LINK) Brain Pickings discusses Atul Gawande's Being Mortal (LINK) Heather Capital: How a $600 Million Hedge Fund Disappeared (LINK) On-the-record remarks by Claudio...

- Mutual Fund Observer: April 1, 2013 Commentary
Found via Abnormal Returns. One addition I'd add to the list in the commentary is the Martin Focused Value Fund (MFVRX), which I believe is a little over 90% cash right now. For those interested in other managers who’ve followed Mr. Cinnamond’s...

- What Austrians Can Learn From Steve Martin
"Nobody ever takes note of [my advice], because it's not the answer they wanted to hear," Martin said. "What they want to hear is 'Here's how you get an agent, here's how you write a script,' . . . but I always say, 'Be so good...

- I Cannot Leave The Truth Unknown - By Frank Martin
Link to: I Cannot Leave the Truth Unknown ................... Related previous post: Martin Capital Management - 2011 Annual Report ...

- Martin Capital Management - 2006 Annual Report
Like the Buffett discussion on derivatives I posted a couple of days ago, I think it is also a good time to go back and review Frank Martin's discussion from MCM's 2006 Annual Report:-Martin Capital Management - 2006 Annual Report (pdf)-To review...



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