LKCM Fixed Income Fund (LKFIX)
The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of investment grade corporate and U.S. government fixed income securities. The fund's investments in fixed income securities consist primarily of investment grade corporate fixed income securities and fixed income securities issued or guaranteed by the U.S. government, its agencies or instrumentalities. The fund typically invests in fixed income securities with short- to intermediate-term maturities from one to ten years.
Fund Info
| ISIN | US5018854043 |
|---|---|
| CUSIP | 501885404 |
| Issuer | LKCM |
| Inception Date | Dec 30, 1997 |
| Category | Corporate Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
LKFIX has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in LKCM Fixed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
LKCM Fixed Income Fund had a return of -0.21% year-to-date (YTD) and 2.21% in the last 12 months. Over the past 10 years, LKCM Fixed Income Fund had an annualized return of 1.43%, while the S&P 500 had an annualized return of 10.64%, indicating that LKCM Fixed Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.21% | 7.50% |
| 1 month | -0.00% | -1.61% |
| 6 months | 3.01% | 17.65% |
| 1 year | 2.21% | 26.26% |
| 5 years (annualized) | 1.04% | 11.73% |
| 10 years (annualized) | 1.43% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.10% | -0.68% | 0.67% | -1.07% | ||||||||
| 2023 | -0.20% | 2.20% | 2.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LKFIX is 27, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
LKCM Fixed Income Fund(LKFIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for LKCM Fixed Income Fund (LKFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
LKCM Fixed Income Fund granted a 2.46% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.24 | $0.16 | $0.15 | $0.19 | $0.25 | $0.24 | $0.22 | $0.23 | $0.29 | $0.28 | $0.33 |
Dividend yield | 2.46% | 2.28% | 1.57% | 1.36% | 1.74% | 2.27% | 2.26% | 2.04% | 2.18% | 2.78% | 2.56% | 3.00% |
Monthly Dividends
The table displays the monthly dividend distributions for LKCM Fixed Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 |
| 2014 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 |
| 2013 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the LKCM Fixed Income 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 Fixed Income Fund was 8.97%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current LKCM Fixed Income Fund drawdown is 2.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.97% | Jan 5, 2021 | 453 | Oct 20, 2022 | — | — | — |
| -7.4% | Mar 9, 2020 | 10 | Mar 20, 2020 | 56 | Jun 10, 2020 | 66 |
| -6.3% | Mar 4, 2008 | 168 | Oct 29, 2008 | 35 | Dec 18, 2008 | 203 |
| -3.51% | Mar 26, 2004 | 54 | Jun 14, 2004 | 64 | Sep 14, 2004 | 118 |
| -3.03% | Jun 16, 2003 | 43 | Aug 14, 2003 | 102 | Jan 9, 2004 | 145 |
Volatility
Volatility Chart
The current LKCM Fixed Income Fund volatility is 1.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.