LKCM Small-Mid Cap Equity Fund (LKSMX)
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 equity securities of small-mid capitalization companies. The fund primarily chooses investments that the Adviser believes are likely to have above-average growth in revenue and/or earnings and potential for above-average capital appreciation.
Fund Info
| ISIN | US5018858598 |
|---|---|
| CUSIP | 501885859 |
| Issuer | LKCM |
| Inception Date | May 2, 2011 |
| Category | Mid Cap Growth Equities |
| Min. Investment | $2,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
LKSMX has a high expense ratio of 1.00%, 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 Small-Mid Cap Equity 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 Small-Mid Cap Equity Fund had a return of 2.32% year-to-date (YTD) and 21.87% in the last 12 months. Over the past 10 years, LKCM Small-Mid Cap Equity Fund had an annualized return of 8.33%, while the S&P 500 had an annualized return of 10.64%, indicating that LKCM Small-Mid Cap Equity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.32% | 7.50% |
| 1 month | -4.43% | -1.61% |
| 6 months | 18.87% | 17.65% |
| 1 year | 21.87% | 26.26% |
| 5 years (annualized) | 9.64% | 11.73% |
| 10 years (annualized) | 8.33% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.21% | 7.97% | 2.93% | -7.63% | ||||||||
| 2023 | -5.07% | 9.36% | 10.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LKSMX is 54, 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 Small-Mid Cap Equity Fund(LKSMX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for LKCM Small-Mid Cap Equity Fund (LKSMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
LKCM Small-Mid Cap Equity Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.65 | $1.89 | $0.72 | $1.29 | $1.72 | $1.27 | $1.73 | $0.79 | $0.31 |
Dividend yield | 0.00% | 0.00% | 8.27% | 17.23% | 6.48% | 14.23% | 21.66% | 12.01% | 18.07% | 7.12% | 2.52% |
Monthly Dividends
The table displays the monthly dividend distributions for LKCM Small-Mid 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.72 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.73 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 |
| 2014 | $0.31 |
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 Small-Mid 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-Mid Cap Equity Fund was 39.56%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.
The current LKCM Small-Mid Cap Equity Fund drawdown is 6.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.56% | Feb 20, 2020 | 23 | Mar 23, 2020 | 89 | Jul 29, 2020 | 112 |
| -28.03% | Sep 17, 2018 | 69 | Dec 24, 2018 | 234 | Nov 27, 2019 | 303 |
| -27.51% | Nov 9, 2021 | 152 | Jun 16, 2022 | 428 | Mar 1, 2024 | 580 |
| -25.55% | Jul 17, 2015 | 145 | Feb 11, 2016 | 365 | Jul 25, 2017 | 510 |
| -25.27% | Jul 8, 2011 | 61 | Oct 3, 2011 | 325 | Jan 22, 2013 | 386 |
Volatility
Volatility Chart
The current LKCM Small-Mid Cap Equity Fund volatility is 4.41%, 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.