- ISIN
- US5018858598
- CUSIP
- 501885859
- Issuer
- LKCM
- Inception Date
- May 2, 2011
- Category
- Mid Cap Growth Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
LKSMX Performance Chart
LKCM Small-Mid Cap Equity Fund (LKSMX) is up 6.5% since the beginning of the year. LKSMX is currently trading at $12 per share. Investors who bought $1,000 worth of LKSMX shares 5 years ago would now be looking at an investment worth $1,348.
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Returns By Period
LKCM Small-Mid Cap Equity Fund (LKSMX) has returned 6.52% so far this year and 13.52% over the past 12 months. Over the last ten years, LKSMX has returned 11.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
LKCM Small-Mid Cap Equity Fund
- 1D
- 1.51%
- 1M
- 1.60%
- YTD
- 6.52%
- 6M
- 4.22%
- 1Y
- 13.52%
- 3Y*
- 13.62%
- 5Y*
- 6.16%
- 10Y*
- 11.38%
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%
LKSMX Monthly Returns History
Based on dividend-adjusted daily data since May 2, 2011, LKSMX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +16.3%, while the worst month was Mar 2020 at -19.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LKSMX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was Mar 16, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.00% | -0.26% | -6.26% | 7.04% | 2.31% | 1.00% | 6.52% | ||||||
| 2025 | 4.19% | -5.28% | -3.80% | -1.47% | 6.16% | 1.93% | 0.34% | 2.75% | -0.67% | -0.42% | 0.85% | 1.12% | 5.27% |
| 2024 | -1.21% | 7.97% | 2.93% | -7.63% | 0.40% | -1.98% | 6.17% | 1.62% | 2.06% | 0.18% | 12.83% | -6.90% | 15.64% |
| 2023 | 11.93% | -1.59% | -0.46% | -0.93% | -3.74% | 8.25% | 3.25% | -1.09% | -4.83% | -5.07% | 9.36% | 10.11% | 25.76% |
| 2022 | -7.38% | -1.08% | -0.50% | -8.20% | 1.09% | -7.65% | 9.80% | -2.34% | -8.27% | 6.52% | 2.12% | -6.96% | -22.23% |
| 2021 | 3.23% | 5.73% | -3.45% | 7.32% | -3.09% | 3.27% | -1.03% | 1.84% | -2.67% | 6.30% | -5.17% | 3.13% | 15.44% |
Benchmark Metrics
LKCM Small-Mid Cap Equity Fund has an annualized alpha of -3.29%, beta of 1.08, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since May 02, 2011.
- This fund participated in 110.13% of S&P 500 Index downside but only 94.69% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.29% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.08 and R2 of 0.81, 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
- -3.29%
- Beta
- 1.08
- R²
- 0.81
- Upside Capture
- 94.69%
- Downside Capture
- 110.13%
Expense Ratio
LKSMX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LKSMX ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for LKCM Small-Mid Cap Equity Fund (LKSMX) 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.
| LKSMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.78 | -1.75 |
| Martin ratioReturn relative to average drawdown | 3.31 | 12.44 | -9.13 |
Dividends
Dividend History
LKCM Small-Mid Cap Equity Fund provided a 5.99% dividend yield over the last twelve months, with an annual payout of $0.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.72 | $0.72 | $0.00 | $0.00 | $0.65 | $1.89 | $0.72 | $1.29 | $1.72 | $1.27 | $1.73 | $0.79 |
Dividend yield | 5.99% | 6.38% | 0.00% | 0.00% | 8.27% | 17.23% | 6.48% | 14.23% | 21.66% | 12.01% | 18.07% | 7.12% |
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 | 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 | $0.72 | $0.72 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $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 | $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 | $1.89 |
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-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 1.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.56%Mar 2020 | 1mo 2d | 4mo 8d | 5mo 10dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -28.03%Dec 2018 | 3mo 8d | 11mo 8d | 1y 2moSep 2018 - Nov 2019 |
Bear market2022 | -27.51%Jun 2022 | 7mo 9d | 1y 8mo | 2y 3moNov 2021 - Mar 2024 |
2016 bear market2016 | -25.55%Feb 2016 | 6mo 29d | 1y 5mo | 2y 9dJul 2015 - Jul 2017 |
2011 bear market2011 | -25.27%Oct 2011 | 2mo 27d | 1y 3mo | 1y 6moJul 2011 - Jan 2013 |
Drawdown Indicators
| LKSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.56% | -56.78% | +17.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -9.10% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -18.90% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -25.43% | -2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -33.92% | -5.64% |
Current DrawdownCurrent decline from peak | -1.14% | -1.80% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -10.71% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 2.03% | +2.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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