LKCM Small-Mid Cap Equity Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
10.7%
1 yr return
28.6%
3 Yr Avg Return
1.6%
5 Yr Avg Return
11.5%
Net Assets
$32.1 M
Holdings in Top 10
25.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 50.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LKSMX - Profile
Distributions
- YTD Total Return 10.7%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 11.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.49%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLKCM Small-Mid Cap Equity Fund
-
Fund Family NameLKCM
-
Inception DateMay 02, 2011
-
Shares Outstanding1759390
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJ. King
Fund Description
LKSMX - Performance
Return Ranking - Trailing
Period | LKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.7% | -11.5% | 91.2% | 58.40% |
1 Yr | 28.6% | 11.9% | 81.9% | 46.76% |
3 Yr | 1.6%* | -27.9% | 54.8% | 15.12% |
5 Yr | 11.5%* | -3.4% | 101.5% | 17.62% |
10 Yr | 9.2%* | 2.3% | 25.1% | 78.65% |
* Annualized
Return Ranking - Calendar
Period | LKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 25.8% | -27.7% | 68.0% | 13.41% |
2022 | -28.2% | -85.6% | 52.8% | 34.30% |
2021 | -1.6% | -74.9% | 238.3% | 50.20% |
2020 | 22.7% | -44.1% | 2474.5% | 63.52% |
2019 | 14.8% | -50.2% | 44.0% | 86.89% |
Total Return Ranking - Trailing
Period | LKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.7% | -11.5% | 91.2% | 58.40% |
1 Yr | 28.6% | 11.9% | 81.9% | 46.76% |
3 Yr | 1.6%* | -27.9% | 54.8% | 15.12% |
5 Yr | 11.5%* | -3.4% | 101.5% | 17.62% |
10 Yr | 9.2%* | 2.3% | 25.1% | 78.65% |
* Annualized
Total Return Ranking - Calendar
Period | LKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 25.8% | -26.1% | 68.0% | 15.52% |
2022 | -22.2% | -67.0% | 56.8% | 15.61% |
2021 | 15.4% | -23.5% | 342.2% | 35.91% |
2020 | 30.7% | 2.6% | 2549.1% | 69.88% |
2019 | 31.0% | 14.6% | 44.8% | 69.77% |
NAV & Total Return History
LKSMX - Holdings
Concentration Analysis
LKSMX | Category Low | Category High | LKSMX % Rank | |
---|---|---|---|---|
Net Assets | 32.1 M | 2.73 M | 100 B | 95.42% |
Number of Holdings | 56 | 24 | 3581 | 77.67% |
Net Assets in Top 10 | 8.44 M | 670 K | 11.3 B | 96.18% |
Weighting of Top 10 | 25.65% | 4.5% | 98.2% | 47.52% |
Top 10 Holdings
- Q2 Holdings Inc 3.40%
- Enovis Corp 3.08%
- Invesco Government Agency Portfolio 3.00%
- Murphy USA Inc 2.53%
- Palomar Holdings Inc 2.42%
- Tower Semiconductor Ltd 2.34%
- Altair Engineering Inc 2.25%
- Permian Resources Corp 2.24%
- CSW Industrials Inc 2.20%
- Ensign Group Inc/The 2.19%
Asset Allocation
Weighting | Return Low | Return High | LKSMX % Rank | |
---|---|---|---|---|
Stocks | 95.29% | 58.72% | 103.99% | 92.94% |
Cash | 4.75% | 0.00% | 28.07% | 10.31% |
Preferred Stocks | 0.00% | 0.00% | 5.73% | 13.36% |
Other | 0.00% | -0.04% | 14.45% | 29.01% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 1.34% |
Bonds | 0.00% | 0.00% | 2.73% | 10.69% |
Stock Sector Breakdown
Weighting | Return Low | Return High | LKSMX % Rank | |
---|---|---|---|---|
Industrials | 17.67% | 0.00% | 38.23% | 23.85% |
Financial Services | 14.55% | 0.00% | 43.01% | 12.79% |
Technology | 13.85% | 0.04% | 62.17% | 94.85% |
Consumer Cyclical | 12.72% | 0.00% | 57.41% | 65.27% |
Healthcare | 12.24% | 0.00% | 37.06% | 86.26% |
Real Estate | 8.21% | 0.00% | 19.28% | 9.35% |
Energy | 7.92% | 0.00% | 62.10% | 6.68% |
Basic Materials | 5.78% | 0.00% | 17.25% | 8.78% |
Communication Services | 4.47% | 0.00% | 18.33% | 23.28% |
Consumer Defense | 2.59% | 0.00% | 16.40% | 41.22% |
Utilities | 0.00% | 0.00% | 12.94% | 26.91% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | LKSMX % Rank | |
---|---|---|---|---|
US | 95.29% | 46.79% | 103.99% | 78.44% |
Non US | 0.00% | 0.00% | 34.12% | 27.10% |
LKSMX - Expenses
Operational Fees
LKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.75% | 0.02% | 17.54% | 15.84% |
Management Fee | 0.75% | 0.00% | 1.50% | 52.01% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.69% |
Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
LKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
LKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 2.00% | 90.91% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 50.00% | 0.00% | 250.31% | 60.04% |
LKSMX - Distributions
Dividend Yield Analysis
LKSMX | Category Low | Category High | LKSMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 33.43% | 19.27% |
Dividend Distribution Analysis
LKSMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
LKSMX | Category Low | Category High | LKSMX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.49% | -2.24% | 2.75% | 39.73% |
Capital Gain Distribution Analysis
LKSMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2022 | $0.652 | CapitalGainLongTerm |
Dec 29, 2021 | $1.891 | CapitalGainLongTerm |
Dec 29, 2020 | $0.722 | CapitalGainLongTerm |
Dec 27, 2019 | $1.293 | CapitalGainLongTerm |
Dec 28, 2018 | $1.715 | CapitalGainLongTerm |
Dec 28, 2017 | $1.273 | CapitalGainLongTerm |
Dec 29, 2016 | $1.728 | CapitalGainLongTerm |
Dec 29, 2015 | $0.794 | CapitalGainLongTerm |
Dec 29, 2014 | $0.305 | CapitalGainLongTerm |
LKSMX - Fund Manager Analysis
Managers
J. King
Start Date
Tenure
Tenure Rank
May 02, 2011
11.09
11.1%
J. Luther King, Jr., is President and founder of Luther King Capital Management which is a registered investment advisory firm located in Fort Worth, Texas. He attended Fort Worth public schools and graduated from Poly High School. He received the B.S.C. (l962) and the M.B.A. (1966) degrees from Texas Christian University. In 1968, he received an honorable discharge from the U.S. Air Force Reserve. His professional career began at First National Bank of Fort Worth as a credit analyst in 1963. In 1970, he became a senior investment officer managing mutual fund assets for Shareholders Management Company which became a part of American General Insurance Company. In 1973, he joined Lionel D. Edie & Company, a New York-based investment firm, where he was a Director and Manager of the Dallas office. Lionel D. Edie sold to Manufacturers Hanover Trust in December of 1978. In March 1979, Luther King founded Luther King Capital Management. Luther King is a Chartered Financial Analyst. He has held positions on several publicly traded companies, one of which was XTO Energy, a New York Stock Exchange listed company, located in Fort Worth where he was a director for twelve years which included serving as Chairman of the Audit Committee. He is past Chairman of the Board of the Investment Counsel Association of America. He is a member of the Investment Advisory Committee for the Trustees of the Investment Advisory Committee for the Employees Retirement System of Texas and has served as the Committee Chairman. He has served as Vice Chairman of the Board to the University of Texas Investment Management Company, which has responsibilities for the endowment of the University of Texas, and a portion of the endowment for Texas A&M University. He is a Trustee and a member of the Executive Committee of Texas Christian University and, in 1992, received the Distinguished Alumnus Award. He currently serves as Chairman of the Board of Trustees of Texas Christian University. Additionally, he serves on the boards of several privately held companies and philanthropic organizations and is a former Trustee of St. Mark’s School of Texas.
Mason King
Start Date
Tenure
Tenure Rank
May 01, 2017
5.08
5.1%
Mason D. King, CFA, is a Principal of LKCM. He joined the firm in 2004 and serves as the lead portfolio manager for the international equity strategy, as well as a manager of separate accounts for clients in core equity and balanced strategies. Mason has over twenty years of experience as an investment professional. Prior to joining LKCM, he served as an equity analyst at Hester Capital Management in Austin and as a private equity analyst at Pacesetter Capital Group and Crates Thompson Capital. In addition to his passion for finance, he has served and currently serves on multiple private company, philanthropic, and academic boards. He currently participates on the Board of Governors for the Investment Advisers Association, the advocacy group for registered investment advisers, and on the Board of Directors for CrossFirst Bank, a publicly traded regional bank based in Kansas. Mr. King graduated with a Bachelor of Arts in English Literature from Princeton University and a Master of Business Administration from the University of Texas at Austin, and he also completed the TCU Ranch Management Program. He began his career in finance as an intern for LKCM.
Daniel Downes
Start Date
Tenure
Tenure Rank
Sep 01, 2021
0.75
0.8%
Daniel C. Downes, CFA, CPA, is the lead portfolio manager of the LKCM Small-MidCap Equity Fund (since 2021). Mr. Downes is primarily responsible for the day-to-daymanagement of, and oversees the investment team responsible for, the LKCM Small-MidCap Equity Fund. Mr. Downes joined the Adviser in 2014 and has been a Vice President and Analyst since 2014 and Principal and Portfolio Manager since 2021. Mr. Downes graduated with a Bachelor of Science in Finance from Miami University and a Master of Business Administration from the University of Pennsylvania’s Wharton School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 36.3 | 9.4 | 11.76 |