LKCM Small Cap Equity Fund - Institutional Class
Morningstar Rating™ as of 9/30/17 (Small Growth Category)
OVERALL
3 YEAR
5 YEAR
10 YEAR
As of 9/30/17, there were 597 Funds in the Small Growth Category for the Overall and 3 year period, 532 Funds for the 5 year period and 399 Funds for the 10 year period. Overall Morningstar Ratings are derived from a weighted average of the fund's three- and ten-year (if applicable) risk adjusted returns measure.
LKCM Small Cap Equity Fund - Adviser Class
Morningstar Rating™ as of 9/30/17 (Small Growth Category)
OVERALL
3 YEAR
5 YEAR
10 YEAR
As of 9/30/17, there were 597 Funds in the Small Growth Category for the Overall and 3 year period, 532 Funds for the 5 year period and 399 Funds for the 10 year period. Overall Morningstar Ratings are derived from a weighted average of the fund's three- and ten-year (if applicable) risk adjusted returns measure.
Small Cap Equity Fund
Performance as of September 30, 2017
YTD 1YR 3YR 5YR 10YR Since Inception
LKCM Small Cap Equity Fund
Institutional Class
12.49% 17.47% 7.74% 8.41% 5.84% 10.40%
LKCM Small Cap Equity Fund
Adviser Class
12.28% 17.18% 7.47% 8.14% 5.58% 9.15%
Russell 2000® Index 10.94% 20.74% 12.18% 13.79% 7.85% 9.55%^
Lipper Small Cap Core Funds Index 9.38% 20.17% 11.39% 13.40% 7.78% 10.33%^
Morningstar Small Growth Category 15.93% 20.40% 11.15% 13.02% 7.57% -
Institutional Class
Morningstar Percentile Rank
Number of Funds in Category

 
 

79%
674

90%
597

97%
532

88%
399

-
-
Adviser Class
Morningstar Percentile Rank
Number of Funds in Category

 
 

80%
674

90%
597

98%
532

91%
399

-
-

Institutional Class Inception Date: 07/14/94
Adviser Class Inception Date: 06/05/03
All periods over one year are annualized.
^Since Inception returns are as of the fund's Institutional Class date. The returns for the Russell 2000 Index is 10.07% and Lipper Small Cap Core Index is 10.37% as of the inception date of the Adviser Class.
Institutional Class Net Expense Ratio: 1.00%* Gross Expense Ratio: 1.05%
Adviser Class Net Expense Ratio: 1.25%* Gross Expense Ratio 1.30%

Expense ratios above are as of December 31, 2016, the Fund's prior fiscal year end, as reported in the Fund's current prospectus.

The Overall Morningstar Rating is derived from a weighted average of the fund's three-, five-, and ten-year risk adjusted return measure, if applicable. Morningstar Percentile Rankings are based on total returns.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Fund performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 1-800-688-LKCM. The fund imposes a 1.00% redemption fee on shares held less than 30 days, and if reflected, the fee would reduce the performance shown.

Investment Objective

The Fund seeks to maximize long-term capital appreciation.

Portfolio Managers

Steven R. Purvis, CFA, is the lead portfolio manager of the LKCM Small Cap Equity Fund and oversees the investment team responsible for the LKCM Small Cap Equity Fund. Mr. Purvis joined Luther King Capital Management in 1996 and serves as Principal, Vice President and Portfolio Manager. Mr. Purvis graduated with a Bachelor of Science in Business Administration from the University of Missouri and a Masters of Business Administration from the University of Missouri - Kansas City.

J. Luther King, Jr., CFA, CIC, is a member of the investment team responsible for the LKCM Small Cap Equity Fund. Mr. King has been President, Principal and Portfolio Manager of Luther King Capital Management since 1979. Mr. King graduated with a Bachelor of Science and a Masters of Business Administration from Texas Christian University.

Mason D. King, CFA, is a member of the investment team responsible for the LKCM Equity Fund (since 2010), the LKCM Small Cap Equity Fund (since 2017), and the LKCM Small-Mid Cap Equity Fund (since 2017). Mr. King joined the Adviser in 2004 and has served as Principal (since 2013) and Vice President, Portfolio Manager and Analyst (since 2004). Mr. King graduated with a Bachelor of Arts from Princeton University and a Masters of Business Administration from the University of Texas.

 

*Luther King Capital Management has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund through May 1, 2018. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Investment performance for the last quarter is based upon net expense ratio.

Small-capitalization funds typically carry additional risks, since smaller companies generally have a higher risk of failure, and, historically, their stocks have experienced a greater degree of market volatility than stocks on average.

The Russell 2000® Index is an unmanaged index comprised of the smallest 2,000 companies in the Russell 3000® Index, representing approximately 10% of the Russell 3000® Index total market capitalization. The Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies, based on total market capitalization. A direct investment in an index is not possible.

The Lipper Small-Cap Core Funds Index is an unmanaged index considered representative of small cap core mutual funds tracked by Lipper, Inc. A direct investment in an index is not possible.

Morningstar, Inc., is an independent mutual fund research and rating service. Each Morningstar category represents a universe of funds with similar investment objectives. Rankings for the periods shown are based on fund total returns with dividends and distributions reinvested and do not reflect sales charges.

The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating (based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star.

Morningstar Rankings represent a fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees.

For more information, see Fund Literature or call 1-800-688-LKCM.

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LKCM Funds distributed by Quasar Distributors, LLC

Fund Information

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Summary Prospectus
Institutional Class

    LKCM Small Cap Equity Fund
    LKCM Equity Fund
    LKCM Balanced Fund
    LKCM Fixed Income Fund
    LKCM Small-Mid Cap Equity Fund

Summary Prospectus
Adviser Class

    LKCM Small Cap Equity Fund

Statutory Prospectus
    Institutional Class
    Adviser Class

Fact Sheets Institutional Class
    LKCM Small Cap Equity Fund
    LKCM Equity Fund
    LKCM Balanced Fund
    LKCM Fixed Income Fund
    LKCM Small-Mid Cap Equity Fund

Fact Sheets Adviser Class
    LKCM Small Cap Equity Fund

Other Related Documents
    Statement of Additional Information

    Estimated Year-End Distributions

 

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    Annual Report

    Semi-Annual Report

    Regular Application

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    IRA Disclosure

    IRA Transfer

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Risk/Return Summary -
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