The Wall Street Journal Transcript
A Steady Performer - Morningstar
Click here to view the most recent performance and Morningstar ratings for the LKCM Equity Institutional Fund (LKEQX).
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.
Each Morningstar Category Average reflects a universe of funds with similar investment objectives.
The Morningstar Analyst Rating™ for funds is the summary expression of Morningstar’s forward-looking analysis of a fund. Morningstar analysts assign the ratings on a five-tier scale with three positive ratings of Gold, Silver, and Bronze, a Neutral rating, and a Negative rating. Morningstar evaluates funds based on five key pillars – Process, Performance, People, Parent, and Price – which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis.
The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings are based on Morningstar’s current expectations about future events; therefore, in no way does Morningstar represent ratings as a guarantee nor should they be viewed by an investor as such. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly from what we expected. The five key pillars are not weighted equally in Morningstar’s evaluation of a fund.
Click here to view the most recent fund holdings. Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
The LKCM Equity Institutional Fund may hold small- and mid-capitalization funds which 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.
While the fund is no-load, management fees and other expenses apply. Please refer to the prospectus for further details.
The information provided herein represents the opinion of the individuals and publication cited and is not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
References to other mutual funds should not be interpreted as an offer of these securities.
The S&P 500 Index is an unmanaged index consisting of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market-value weighted index (stock price times number of shares outstanding), with each stock’s weight in the Index proportionate to its market value. The Index does not reflect a deduction for fees, expenses or taxes. You cannot invest directly in an index.
The Lipper Large Cap Core Fund Index is an index of large cap core mutual funds tracked by Lipper, Inc. The Index does not reflect a deduction for fees, expenses or taxes. You cannot invest directly in an index.
Return on Equity is a measure of a corporation’s profitability and represents the average return on equity of the securities in the portfolio and not the actual return on equity of the portfolio.
Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.
Market cap is the market price of an entire company, calculated by multiplying the number of shares outstanding by the price per share.
The Price-Earnings Ratio (“P/E”) is the most common measure of how expensive a stock is and is calculated by dividing the current price of the stock by the company’s trailing 12 months’ earnings per share.
Standard Deviation is a statistical measure of the historical volatility of a mutual fund or portfolio, usually computed using 36 monthly returns.
Return on Assets (ROA) is equal to a fiscal year’s earnings divided by its total assets, expressed as a percentage. It can be used as a measure of a company’s profitability.
ROE is the amount of net income returned as a percentage of shareholders equity.
CFROI is a valuation model that assumes the stock market sets prices based on cash flow, not on corporate performance and earnings.
Mutual fund investing involves risk. Principal loss is possible.
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