- ISIN
- US5018851072
- CUSIP
- 501885107
- Issuer
- LKCM
- Inception Date
- Jul 14, 1994
- Category
- Small Cap Growth Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
LKSCX Performance Chart
LKCM Small Cap Equity Fund (LKSCX) is up 8.5% since the beginning of the year. LKSCX is currently trading at $24 per share. Investors who bought $1,000 worth of LKSCX shares 5 years ago would now be looking at an investment worth $1,375.
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Returns By Period
LKCM Small Cap Equity Fund (LKSCX) has returned 8.50% so far this year and 26.82% over the past 12 months. Over the last ten years, LKSCX has returned 11.90% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
LKCM Small Cap Equity Fund
- 1D
- 1.63%
- 1M
- 1.24%
- YTD
- 8.50%
- 6M
- 5.88%
- 1Y
- 26.82%
- 3Y*
- 16.18%
- 5Y*
- 6.57%
- 10Y*
- 11.90%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LKSCX Monthly Returns History
Based on dividend-adjusted daily data since Jul 14, 1994, LKSCX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +16.9%, while the worst month was Mar 2020 at -23.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LKSCX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -14.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.74% | 1.96% | -6.46% | 7.65% | 1.26% | 1.58% | 8.50% | ||||||
| 2025 | 1.90% | -4.48% | -5.37% | -2.32% | 7.98% | 3.52% | 2.74% | 4.74% | 0.22% | -1.01% | 4.12% | 1.28% | 13.22% |
| 2024 | -1.74% | 6.88% | 3.90% | -6.19% | 2.05% | -0.49% | 5.81% | -0.98% | 0.38% | -1.03% | 13.11% | -5.74% | 15.35% |
| 2023 | 11.06% | -0.94% | -2.44% | -1.31% | -2.83% | 10.09% | 3.83% | -2.08% | -4.98% | -5.52% | 8.15% | 9.58% | 22.57% |
| 2022 | -10.03% | 0.72% | 0.00% | -10.60% | 0.52% | -7.64% | 8.77% | -2.55% | -8.15% | 10.84% | 1.60% | -5.57% | -22.14% |
| 2021 | 2.89% | 8.35% | -2.35% | 4.35% | 0.20% | 3.31% | -3.75% | 2.52% | -1.39% | 4.46% | -6.73% | 2.74% | 14.54% |
Benchmark Metrics
LKCM Small Cap Equity Fund has an annualized alpha of 2.01%, beta of 0.94, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since July 14, 1994.
- This fund generated an annualized alpha of 2.01% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.94 and R2 of 0.72, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.01%
- Beta
- 0.94
- R²
- 0.72
- Upside Capture
- 100.09%
- Downside Capture
- 95.29%
Expense Ratio
LKSCX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LKSCX ranks 40 for risk / return — below 40% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for LKCM Small Cap Equity Fund (LKSCX) 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.
| LKSCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.78 | -0.11 |
| Martin ratioReturn relative to average drawdown | 9.56 | 12.44 | -2.88 |
Dividends
Dividend History
LKCM Small Cap Equity Fund provided a 8.28% dividend yield over the last twelve months, with an annual payout of $1.96 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 | $1.96 | $1.96 | $1.53 | $0.54 | $0.40 | $3.38 | $0.84 | $0.88 | $2.97 | $3.61 | $2.89 | $2.91 |
Dividend yield | 8.28% | 8.98% | 7.27% | 2.77% | 2.43% | 15.70% | 3.86% | 5.24% | 20.61% | 19.58% | 15.37% | 14.66% |
Monthly Dividends
The table displays the monthly dividend distributions for LKCM Small Cap Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.96 | $1.96 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.53 | $1.53 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.38 | $3.38 |
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 Small Cap Equity 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 Small Cap Equity Fund was 59.07%, occurring on Mar 9, 2009. Recovery took 482 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.07%Mar 2009 | 1y 7mo | 1y 11mo | 3y 6moJul 2007 - Feb 2011 |
COVID crash2020 | -43.65%Mar 2020 | 1y 6mo | 4mo 20d | 1y 11moSep 2018 - Aug 2020 |
Bear market2022 | -33.84%Sep 2022 | 10mo 21d | 2y 1mo | 2y 12moNov 2021 - Nov 2024 |
1998 bear market1998 | -33.60%Oct 1998 | 5mo 18d | 1y 3mo | 1y 9moApr 1998 - Jan 2000 |
2003 bear market2003 | -29.21%Mar 2003 | 10mo 29d | 7mo 5d | 1y 5moApr 2002 - Oct 2003 |
Drawdown Indicators
| LKSCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.07% | -56.78% | -2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -9.10% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -18.90% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -33.84% | -25.43% | -8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -33.92% | -9.73% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -10.71% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.03% | +0.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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