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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

LKCM Fixed Income Fund

LKFIX | Fund

$10.17

$283 M

2.16%

$0.22

0.79%

Vitals

YTD Return

-1.1%

1 yr return

2.2%

3 Yr Avg Return

-0.8%

5 Yr Avg Return

0.9%

Net Assets

$283 M

Holdings in Top 10

20.8%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee 1.00%

Min Investment

Standard (Taxable)

$2,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

LKCM Fixed Income Fund

LKFIX | Fund

$10.17

$283 M

2.16%

$0.22

0.79%

LKFIX - Profile

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.33%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    LKCM Fixed Income Fund
  • Fund Family Name
    LKCM
  • Inception Date
    Aug 13, 1999
  • Shares Outstanding
    27078364
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joan Maynard

Fund Description

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. Investment grade debt securities are considered to be those rated within the four highest rating categories assigned by a nationally recognized statistical ratings organization, such as Moody’s Investors Service, Inc., Fitch Ratings, Inc., or S&P Global Ratings, or of equivalent quality as determined by the Adviser.
The Fund seeks to maintain an average effective maturity of its portfolio between three and ten years under normal market and economic conditions. The effective maturity of securities with sinking fund or other early redemption features will be estimated by the Adviser, based upon prevailing interest rate trends and the issuer’s financial position. The average effective maturity of the Fund’s portfolio may be less than three years if the Adviser believes a defensive posture is appropriate.
The Fund may invest in all types of domestic or U.S. dollar-denominated foreign fixed income securities in any proportion, including bonds, notes, convertible bonds, mortgage pass-through securities, government and government agency securities, variable and floating rate bonds, preferred stock and short-term obligations such as commercial paper and notes, and other financial obligations. In determining whether or not to invest in a particular debt security, the Adviser considers factors such as the price, coupon, yield to maturity, the credit quality of the issuer, the issuer’s cash flow and related coverage ratios, the property, if any, securing the obligation and the terms of the security, including subordination, default, sinking fund and early redemption provisions. If securities held by the
Fund are downgraded below investment grade, the Adviser will consider whether to continue to hold the 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.
Read More

LKFIX - Performance

Return Ranking - Trailing

Period LKFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -6.3% 2.6% 3.39%
1 Yr 2.2% -3.9% 7.9% 32.77%
3 Yr -0.8%* -10.1% 39.0% 4.60%
5 Yr 0.9%* -4.3% 26.0% 56.25%
10 Yr 1.4%* -0.5% 14.0% 86.00%

* Annualized

Return Ranking - Calendar

Period LKFIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -5.6% 6.3% 90.96%
2022 -7.1% -28.7% 142.1% 2.84%
2021 -2.9% -12.3% 4.9% 8.09%
2020 2.5% -8.0% 10.6% 96.45%
2019 4.3% 4.3% 13.4% 100.00%

Total Return Ranking - Trailing

Period LKFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -6.3% 2.6% 3.39%
1 Yr 2.2% -3.9% 7.9% 32.77%
3 Yr -0.8%* -10.1% 39.0% 4.60%
5 Yr 0.9%* -4.3% 26.0% 56.25%
10 Yr 1.4%* -0.5% 14.0% 86.00%

* Annualized

Total Return Ranking - Calendar

Period LKFIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -5.6% 12.9% 97.74%
2022 -5.6% -25.6% 151.8% 3.41%
2021 -1.5% -5.1% 7.5% 83.82%
2020 4.3% -8.0% 116.0% 97.63%
2019 6.7% 6.7% 17.4% 100.00%

NAV & Total Return History

LKFIX - Holdings

Concentration Analysis

LKFIX Category Low Category High LKFIX % Rank
Net Assets 283 M 5.45 M 47.3 B 69.49%
Number of Holdings 100 4 9989 96.05%
Net Assets in Top 10 59.5 M -29.6 M 2.71 B 60.45%
Weighting of Top 10 20.81% 1.6% 143.5% 11.86%

Top 10 Holdings

  1. United States Treasury Note/Bond 3.03%
  2. Kinder Morgan Inc 2.54%
  3. Emerson Electric Co 2.22%
  4. United States Treasury Note/Bond 2.11%
  5. Invesco Government Agency Portfolio 1.98%
  6. Danaher Corp 1.88%
  7. Trimble Inc 1.87%
  8. Tractor Supply Co 1.79%
  9. Federal Home Loan Banks 1.73%
  10. Bristol-Myers Squibb Co 1.65%

Asset Allocation

Weighting Return Low Return High LKFIX % Rank
Bonds 		97.80% 0.00% 136.47% 36.72%
Cash 		2.20% -43.80% 45.81% 59.89%
Stocks 		0.00% 0.00% 99.96% 22.03%
Preferred Stocks 		0.00% 0.00% 9.18% 25.42%
Other 		0.00% -1.14% 13.53% 71.19%
Convertible Bonds 		0.00% 0.00% 78.47% 95.48%

Bond Sector Breakdown

Weighting Return Low Return High LKFIX % Rank
Corporate 		69.91% 41.80% 100.00% 93.22%
Government 		25.63% 0.00% 25.63% 0.56%
Cash & Equivalents 		1.98% 0.00% 45.81% 49.72%
Derivative 		0.00% -0.21% 1.89% 69.49%
Securitized 		0.00% 0.00% 23.18% 85.31%
Municipal 		0.00% 0.00% 3.62% 64.97%

Bond Geographic Breakdown

Weighting Return Low Return High LKFIX % Rank
US 		97.80% 0.00% 109.04% 33.90%
Non US 		0.00% 0.00% 47.05% 26.55%

LKFIX - Expenses

Operational Fees

LKFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.02% 46.23% 39.43%
Management Fee 0.50% 0.00% 1.35% 83.62%
12b-1 Fee 0.00% 0.00% 1.00% 1.32%
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

LKFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LKFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LKFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 259.00% 18.39%

LKFIX - Distributions

Dividend Yield Analysis

LKFIX Category Low Category High LKFIX % Rank
Dividend Yield 2.16% 0.00% 6.09% 97.18%

Dividend Distribution Analysis

LKFIX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

LKFIX Category Low Category High LKFIX % Rank
Net Income Ratio 1.33% 0.38% 5.93% 92.00%

Capital Gain Distribution Analysis

LKFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

LKFIX - Fund Manager Analysis

Managers

Joan Maynard

Start Date

Tenure

Tenure Rank

Dec 30, 1997

24.43

24.4%

Ms. Maynard joined Luther King Capital Management Corporation in 1986 and serves as Vice President and Portfolio Manager. Ms. Maynard graduated with a Bachelor of Business Administration from the University of Texas at San Antonio and a Masters of Business Administration from Texas Christian University.

Mark Johnson

Start Date

Tenure

Tenure Rank

May 01, 2010

12.09

12.1%

Mark L. Johnson, CFA, CIC, is a member of the investment teams. Mr. Johnson has been a Vice President and Portfolio Manager of the Adviser since 2002 and Principal since 2013. Mr. Johnson graduated with a Bachelor of Arts from Duke University.

Scot Hollmann

Start Date

Tenure

Tenure Rank

May 01, 2010

12.09

12.1%

Mr. Hollmann joined Luther King Capital Management Corporation in 1983 and serves as Principal (since 1986), Vice President and Portfolio Manager (since 1983). Mr. Hollmann graduated with a Bachelor of Business Administration and a Masters of Business Administration from Texas Christian University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.74 4.41

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