LKCM Small-Mid Cap Equity Fund Institutional Class
Morningstar Rating™ as of 9/30/17 (Mid-Cap Growth Category)
OVERALL
3 YEAR
5 YEAR
10 YEAR
NA
As of 9/30/17, there were 563 Funds in the Mid-Cap Growth Category for the Overall and 3 year period, and 484 Funds for the 5 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-Mid Cap Equity Fund
Performance as of September 30, 2017
YTD 1YR 3YR 5YR 10YR Since Inception
LKCM Small-Mid Cap Equity Fund
Institutional Class
14.75% 15.57% 5.46% 7.93% NA 5.60%
LKCM Small-Mid Cap Equity Fund
Adviser Class
NA NA NA NA NA NA
Russell 2500® Index 11.00% 17.79% 10.60% 13.86% NA 10.58%
Lipper Small Cap Core Funds Index 9.38% 20.17% 11.39% 13.40% NA 9.96%
Morningstar Mid-Cap Growth Category 16.84% 18.18% 9.13% 12.62% 6.92% -
Institutional Class Morningstar Percentile Rank
Number of Funds in Category
 
 
75%
614
92%
563
99%
484
NA -
-

Institutional Class Inception Date: 05/02/11 Adviser Class Inception Date: 05/02/11
Institutional Class Net Expense Ratio: 1.02%* Gross Expense Ratio: 1.25%
Adviser Class Net Expense Ratio: 1.27%* Gross Expense Ratio: 1.50%

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

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

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.

The Russell 2500® Index is an unmanaged index comprised of the smallest 2,000 companies in the Russell 3000® Index. 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, which represents approximately 98% of the investable U.S. equity market. 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

 

    Holdings

    Annual Report

    Semi-Annual Report

    Regular Application

    IRA Application

    IRA Disclosure

    IRA Transfer

    Proxy Voting Policy

    Code of Ethics

    Privacy Policy

    Terms of Use

Risk/Return Summary -
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