|International Equity Fund
Performance as of December 31, 2020
|LKCM International Equity Fund||14.45%||14.45%||NA||NA||NA||14.15%|
|Lipper International Large Cap Core Index||5.04%||5.04%||NA||NA||NA||7.35%|
Inception Date: 5/1/2019
Net Expense Ratio: 1.00% net* 4.11% Gross
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 to maximize long-term capital appreciation.
Mason D. King, CFA, is the lead portfolio manager of the LKCM International Equity Fund and oversees the investment team responsible for the LKCM International Equity Fund. Mr. King joined Luther King Capital Management in 2004 and serves as Principal, Vice President, Portfolio Manager and Analyst. Mr. King graduated with a Bachelor of Arts from Princeton University and a Masters of Business Administration from the University of Texas.
J. Luther King, Jr., CFA, CIC, is a member of the investment team responsible for the LKCM International 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.
The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The Funds’ summary and statutory prospectuses contain this and other important information about the Funds. Please read the summary and statutory prospectuses carefully before investing. To obtain a hardcopy, please call 1-800-688-LKCM. Read carefully before investing.
Mutual fund investing involves risk; Principal loss is possible. International 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.
The Morgan Stanley Capital International Europe, Australasia and Far East Index (“MSCI EAFE”) is an unmanaged index composed of securities of 22 European and Pacific Basin countries. The MSCI EAFE Index is a recognized international index and is weighted by market capitalization. A direct investment in an index is not possible.
The Lipper International Large-Cap Core Funds Index tracks the results of funds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper’s international large-cap floor. International large-cap core funds typically have an average price-to-cash flow ratio, price-to-book ratio, and three-year sales-per-share growth value compared to the S&P/Citigroup World ex-U.S. BMI. The Lipper International Large-Cap Core Funds Index is not what is typically considered to be an “index” because it tracks the performance of other mutual funds 48 rather than the changes in the value of a group of securities, a securities index, or some other traditional economic indicator. The Lipper International Large-Cap Core Funds Index reflects deductions for fees and expenses of the constituent funds. A direct investment in an index is not possible.
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