- ISIN
- US5018853052
- CUSIP
- 501885305
- Issuer
- LKCM
- Inception Date
- Dec 29, 1997
- Category
- Diversified Portfolio
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LKBAX Performance Chart
LKCM Balanced Fund (LKBAX) is up 2.7% since the beginning of the year. LKBAX is currently trading at $29 per share. Investors who bought $1,000 worth of LKBAX shares 5 years ago would now be looking at an investment worth $1,221.
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Returns By Period
LKCM Balanced Fund (LKBAX) has returned 2.73% so far this year and 5.70% over the past 12 months. Over the last ten years, LKBAX has returned 7.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
LKCM Balanced Fund
- 1D
- 0.00%
- 1M
- 0.74%
- 6M
- 1.51%
- YTD
- 2.73%
- 1Y
- 5.70%
- 3Y*
- 8.23%
- 5Y*
- 4.08%
- 10Y*
- 7.94%
- ALL TIME*
- 6.86%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
LKBAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 1997, LKBAX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +10.4%, while the worst month was Oct 2008 at -11.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LKBAX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +6.4%, while the worst single day was Mar 16, 2020 at -7.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.20% | 1.26% | -4.09% | 3.69% | 0.70% | -2.05% | 2.20% | 2.73% | |||||
| 2025 | 3.01% | -0.53% | -2.78% | -1.17% | 3.51% | 2.98% | 1.22% | 0.89% | 1.16% | -0.34% | 0.10% | 0.25% | 8.44% |
| 2024 | 0.04% | 3.46% | 2.31% | -3.31% | 2.37% | 1.81% | 2.03% | 1.35% | 1.34% | -1.35% | 4.40% | -3.64% | 10.97% |
| 2023 | 4.24% | -3.63% | 1.66% | 1.25% | -2.12% | 4.62% | 2.07% | -1.11% | -3.88% | -2.02% | 6.23% | 3.67% | 10.85% |
| 2022 | -4.35% | -3.01% | 1.37% | -5.29% | 0.35% | -5.92% | 6.26% | -3.00% | -7.14% | 6.04% | 4.37% | -3.29% | -13.86% |
| 2021 | -1.38% | 1.10% | 2.94% | 3.10% | 0.67% | 1.69% | 1.70% | 1.46% | -3.40% | 4.24% | -1.40% | 2.73% | 14.01% |
Benchmark Metrics
LKCM Balanced Fund has an annualized alpha of 1.94%, beta of 0.60, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since December 30, 1997.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (63.51%) than losses (63.30%) - typical of diversified or defensive assets.
- Beta of 0.60 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.94%
- Beta
- 0.60
- R²
- 0.92
- Upside Capture
- 63.51%
- Downside Capture
- 63.30%
Expense Ratio
LKBAX has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LKBAX ranks 15 for risk / return — above 15% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for LKCM Balanced Fund (LKBAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LKBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.00 | -1.20 |
| Martin ratioReturn relative to average drawdown | 3.06 | 8.49 | -5.43 |
Dividends
Dividend History
LKCM Balanced Fund provided a 5.89% dividend yield over the last twelve months, with an annual payout of $1.69 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.69 | $1.69 | $1.27 | $0.91 | $0.87 | $1.29 | $1.12 | $1.44 | $0.64 | $0.91 | $1.03 | $0.69 |
Dividend yield | 5.89% | 6.00% | 4.60% | 3.49% | 3.59% | 4.41% | 4.18% | 5.95% | 3.02% | 4.09% | 5.06% | 3.50% |
Monthly Dividends
The table displays the monthly dividend distributions for LKCM Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.21 | |||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.38 | $1.69 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.03 | $1.27 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.70 | $0.91 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.68 | $0.87 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.15 | $1.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the LKCM Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the LKCM Balanced Fund was 31.40%, occurring on Mar 9, 2009. Recovery took 262 trading sessions.
The current LKCM Balanced Fund drawdown is 0.59%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.40%Mar 2009 | 1y 4mo | 1y 14d | 2y 5moOct 2007 - Mar 2010 | Financial crisis2007–2009 |
-26.04%Mar 2020 | 1mo 2d | 4mo 10d | 5mo 12dFeb 2020 - Jul 2020 | COVID crash2020 |
-21.03%Oct 2002 | 2y 1mo | 1y 3mo | 3y 4moSep 2000 - Jan 2004 | Dot-com crash2000–2002 |
-19.63%Sep 2022 | 9mo 4d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 | Bear market2022 |
-13.37%Oct 2011 | 2mo 27d | 4mo 3d | 7moJul 2011 - Feb 2012 | — |
Drawdown Indicators
| LKBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.40% | -56.78% | +25.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.71% | -9.10% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -18.90% | +7.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.63% | -25.43% | +5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -26.04% | -33.92% | +7.88% |
Current DrawdownCurrent decline from peak | -0.59% | -1.58% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -10.70% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.14% | -0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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