|LKCM Small-Mid Cap Equity Fund
Morningstar Rating™ as of 03/31/21 (Mid-Cap Growth Category)
|As of 03/31/21, there were 560 Funds in the Mid-Cap Growth Category for the Overall, 560 Funds for the 3 year period, and 500 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 March 31, 2021
|LKCM Small-Mid Cap Equity Fund||5.38%||86.81%||18.32%||17.00%||NA||9.78%|
|Russell 2500® Index||10.93%||89.40%||15.34%||15.93%||NA||11.98%|
|Lipper Small Cap Core Funds Index||15.70%||90.39%||12.65%||14.32%||NA||10.61%|
|Morningstar Mid-Cap Growth Category||3.96%||81.95%||20.29%||19.16%||NA||–|
|Morningstar Percentile Rank
Number of Funds in Category
Inception date is 5/2/2011.
Net Expense Ratio: 1.00%* Gross Expense Ratio: 1.96%
Expense ratios above are as of December 31, 2019, 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.
The Fund seeks to maximize long-term capital appreciation.
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 Small Cap 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.
*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 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 generally considered representative of small cap core mutual funds tracked by Lipper, Inc. 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.
Documents meet regulatory requirements when viewed using Internet Explorer.
LKCM Funds distributed by Quasar Distributors, LLC
Other Related Documents
Estimated Year-End Distributions