|LKCM Balanced Fund
Morningstar Rating™ as of 03/31/21 (Allocation — 50% to 70% Equity Category)
|As of 03/31/21, there were 636 Funds in the Allocation-50% to 70% Equity Category for the Overall, 641 Funds for the 3 year period, 574 Funds for the 5 year period, and 412 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.|
Performance as of March 31, 2021
|LKCM Balanced Fund||2.64%||38.98%||12.41%||11.52%||9.75%||7.27%|
|Lipper Mixed-Asset Target Allocation Growth Funds Index||3.98%||42.94%||11.53%||11.46%||9.15%||6.98%|
|S&P 500® Index||6.17%||56.35%||16.78%||16.29%||13.91%||8.27%|
|Bloomberg Barclays Interm. Gov/Credit Bond Index||-1.86%||2.01%||4.36%||2.75%||2.88%||4.42%|
|Morningstar Allocation — 50% to 70% Equity Category||4.21%||36.90%||9.72%||9.70%||7.99%||–|
|Morningstar Percentile Rank
Number of Funds in Category
Inception Date: 12/30/97
All periods over one year are annualized.
Net Expense Ratio: 0.80%* Gross Expense Ratio: 1.00%
Expense ratios above are as of December 31, 2019, 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.
The Fund seeks current income and long-term capital appreciation.
Scot C. Hollmann, CFA, CIC, is the lead portfolio manager of the LKCM Balanced Fund and oversees the investment team responsible for the LKCM Balanced Fund. Mr. Hollmann joined Luther King Capital Management in 1983 and serves as Principal, Vice President and Portfolio Manager. Mr. Hollmann graduated with a Bachelor of Business Administration and a Masters of Business Administration from Texas Christian University.
J. Luther King, Jr., CFA, CIC, is a member of the investment team responsible for the Balanced 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.
Mark L. Johnson, CFA, CIC, is a member of the investment team responsible for the LKCM Balanced Fund. Mr. Johnson joined Luther King Capital Management in 2002 and serves as Principal, Vice President and Portfolio Manager. Mr. Johnson graduated with a Bachelor of Arts from Duke University.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
Small and mid-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.
*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, 2022. 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 Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index is an unmanaged market value weighted index measuring both the principal price changes of, and income provided by, the underlying universe of securities that comprise the index. Securities included in the index must meet the following criteria: fixed as opposed to variable rate; remaining maturity of one to ten years; minimum outstanding par value of $250 million; rated investment grade or higher by Moody’s Investors Service or equivalent; must be dollar denominated and non-convertible; and must be publicly issued. A direct investment in an index is not possible.
The S&P 500® Index is a capitalization weighted index designed of 500 stocks that is generally considered representative of the performance of large capitalization companies in the U.S. stock market. A direct investment in an index is not possible.
The Lipper Mixed-Asset Target Allocation Growth Funds Index is an unmanaged index generally considered of representative of mutual funds tracked by Lipper, Inc. that, by portfolio practice, maintain a mix of between 60%-80% equity securities, with the remainder invested in bonds, cash and cash equivalents. A direct investment in an index is not possible.
© 2021 Morningstar, Inc. All Rights Reserved. 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. Past performance is no guarantee of future results.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product 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. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
For more information, see Fund Literature or call 1-800-688-LKCM.
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LKCM Funds distributed by Quasar Distributors, LLC
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Estimated Year-End Distributions