LKEQX
LKCM Equity Fund
LKCM Funds
Expense ratio1
0.80%
Net assets2
$483.76M
Holdings2
49
Category
US Equity
2025 return3
10.36%

Investment objective & strategy

As of April 29, 2025 · prospectus

Objective. The Fund seeks to maximize long-term capital appreciation.

Strategy. 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. The Fund primarily invests in companies that the Adviser believes are likely to have above-average growth in revenue and/or earnings, above-average returns on shareholders equity, potential for above-average capital appreciation, and/or companies that the Adviser believes have attractive relative valuations. The Fund may invest in equity securities of small, mid and large capitalization companies, including dividend paying securities. From time to time, in pursuing its investment strategies, the Fund may hold a significant percentage of its investments in specific sectors of the economy. The Fund seeks to invest in the equity … 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. The Fund primarily invests in companies that the Adviser believes are likely to have above-average growth in revenue and/or earnings, above-average returns on shareholders equity, potential for above-average capital appreciation, and/or companies that the Adviser believes have attractive relative valuations. The Fund may invest in equity securities of small, mid and large capitalization companies, including dividend paying securities. From time to time, in pursuing its investment strategies, the Fund may hold a significant percentage of its investments in specific sectors of the economy. The Fund seeks to invest in the equity securities of high quality companies, as determined by the Adviser, that typically exhibit certain characteristics, including high profitability levels, strong balance sheet quality, competitive advantages, ability to generate excess cash flows, meaningful management ownership stakes, attractive reinvestment opportunities and/or strong market share positions. These equity securities primarily consist of common stocks, American Depositary Receipts (ADRs), and real estate investment trusts (REITs).

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
ALPHABET INC CL A $31.63M 6.54%
MICROSOFT CORP $25.91M 5.36%
NVIDIA CORP $24.42M 5.05%
APPLE INC $22.84M 4.72%
ORACLE CORP $15.14M 3.13%
TELEDYNE TECHNOLOGIES INC $15.13M 3.13%
JPMORGAN CHASE and CO $14.71M 3.04%
ECOLAB INC $14.63M 3.02%
WASTE CONNECTIONS INC $14.62M 3.02%
VALMONT INDUSTRIES INC $13.98M 2.89%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
3
Exited
2
Increased
0
Decreased
8
Unchanged
38

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
LUTHER KING CAPITAL MANAGEMENT CORPORATION Adviser

Footnotes

  1. Expense ratio as of April 29, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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