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Thank you for your interest, 

STMM Investment Team

IMPORTANT DISCLOSURES
This presentation is for informational purposes only and may not be copied, reproduced or redistributed in whole or in part without the prior written permission of South Texas Money Management, Ltd. This presentation contains no recommendations to buy or sell securities or a solicitation of an offer to buy or sell securities or investment services or adopt any investment position. This presentation is not intended to constitute investment advice. Market and economic views are subject to change without notice and may be untimely when presented here. You are advised not to infer or assume that any securities, sectors or markets described in this presentation were or will be profitable. Securities identified in this presentation do not represent all of the securities purchased, sold or recommended for advisory clients. You should not assume that any securities recommendations made in the future will be profitable. Index information is included merely to show the general trend in the markets for the periods indicated and is not intended to imply that client accounts will be similar to the index either in composition or risk. Due to timing issues, tax considerations or other individual portfolio characteristics, some client portfolios may not hold the securities mentioned in this presentation. All material and information presented is compiled from sources believed to be reliable, but accuracy cannot be guaranteed. Past performance is not indicative of future results. There is always a possibility of loss.

South Texas Money Management
700 N. St. Mary's Street, Ste. 100
San Antonio, Texas 78205
(210) 824-8916
www.stmmltd.com