|LKCM Equity Fund - Institutional Class
Morningstar Rating™ as of 09/30/14 (Large Growth Category)
Performance as of September 30, 2014
|LKCM Equity Fund
|LKCM Equity Fund
|S&P 500 Index||8.34%||19.73%||22.99%||15.70%||8.11%||8.35%|
|Lipper Large Cap Core Index||6.89%||17.07%||21.70%||14.12%||7.45%||7.40%|
|Morningstar Large Growth Category||5.40%||16.24%||21.28%||14.60%||8.26%||-|
|Morningstar Large Blend Category||6.33%||16.84%||21.59%||14.10%||7.51%||-|
Morningstar Percentile Rank
Number of Funds in Category
Inception Date: 01/03/96
All periods over one year are annualized.
Institutional Class Net Expense Ratio: 0.81%* Gross Expense Ratio: 0.94%
Adviser Class Net Expense Ratio: 1.06%* Gross Expense Ratio 1.19%
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 to maximize long-term capital appreciation.
J. Luther King, Jr., CFA, CIC, is the lead portfolio manager of the LKCM Equity Fund and oversees the investment team responsible for the LKCM 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.
Steven R. Purvis, CFA, is a member of the investment team responsible for the LKCM 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.
Scot C. Hollmann, CFA, CIC, is a member of the investment team responsible for the LKCM Equity 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.
Mason D. King, CFA, is a member of the investment team responsible for the LKCM 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.
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 April 30, 2015. 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 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 S&P 500 Index is one of the most widely used benchmarks of U.S. equity performance. A direct investment in an index is not possible.
The Lipper Large-Cap Core Funds Index is an index of large cap core mutual funds tracked by Lipper, Inc. A direct investment in an index is not possible.
Morningstar, Inc., is an independent mutual fund research and rating service. Each Morningstar category represents a universe of funds with similar investment objectives. Rankings for the periods shown are based on fund total returns with dividends and distributions reinvested and do not reflect sales charges.
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.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating (based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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.
Morningstar Rankings represent a fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees.
LKCM Small Cap Equity Fund
Fact Sheets Adviser Class
LKCM Small Cap Equity Fund
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Statement of Additional Information