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LKCM Balanced Fund
mutual fund
LKBAX
Payout Change
Pending
Price as of:
$28.98
+0.19
+0.66%
primary theme
U.S. Balanced Allocation
share class
LKBAX (Mutual Fund)
LKCM Balanced Fund
Payout Change
Pending
Price as of:
$28.98
+0.19
+0.66%
primary theme
U.S. Balanced Allocation
share class
LKBAX (Mutual Fund)
LKCM Balanced Fund
Payout Change
Pending
Price as of:
$28.98
+0.19
+0.66%
primary theme
U.S. Balanced Allocation
share class
Name
As of 10/11/2024Price
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
Vitals
YTD Return
12.4%
1 yr return
20.8%
3 Yr Avg Return
4.0%
5 Yr Avg Return
8.3%
Net Assets
$116 M
Holdings in Top 10
18.8%
52 WEEK LOW AND HIGH
$28.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
LKBAX - Profile
Distributions
- YTD Total Return 12.4%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.69%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameLKCM Balanced Fund
-
Fund Family NameLKCM
-
Inception DateDec 07, 2000
-
Shares Outstanding4477604
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScot Hollmann
Fund Description
The Fund seeks to achieve its investment objective by investing primarily in a portfolio of equity and fixed income securities. The Fund may invest in securities of small, mid and large capitalization companies, including dividend paying securities. 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, strong market share positions, and/or attractive relative valuation. These equity securities primarily consist of common stocks, American Depositary Receipts (“ADRs”), and real estate investment trusts (“REITs”). The Fund does not presently intend to invest more than 20% of its total assets in equity securities that do not pay dividends.
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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 may also invest in variable and floating rate bonds. The Fund typically invests in fixed income securities with short- to intermediate-term maturities from one to ten years. Under normal circumstances, 25% or more of the Fund’s total assets consist of fixed income securities. Investment grade debt securities are considered to be those rated within the four highest rating categories 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.
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.
LKBAX - Performance
Return Ranking - Trailing
| Period | LKBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.4% | -3.1% | 46.2% | 53.88% |
| 1 Yr | 20.8% | -2.2% | 63.7% | 71.55% |
| 3 Yr | 4.0%* | -4.1% | 13.7% | 60.29% |
| 5 Yr | 8.3%* | -2.6% | 18.2% | 42.13% |
| 10 Yr | 8.3%* | 1.3% | 11.2% | 20.22% |
* Annualized
Return Ranking - Calendar
| Period | LKBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.0% | -12.2% | 23.9% | 76.66% |
| 2022 | -16.8% | -34.7% | 2.8% | 32.21% |
| 2021 | 9.2% | -11.9% | 18.1% | 24.09% |
| 2020 | 10.5% | -20.9% | 39.7% | 23.61% |
| 2019 | 15.0% | 0.8% | 25.7% | 38.66% |
Total Return Ranking - Trailing
| Period | LKBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.4% | -3.1% | 46.2% | 53.88% |
| 1 Yr | 20.8% | -2.2% | 63.7% | 71.55% |
| 3 Yr | 4.0%* | -4.1% | 13.7% | 60.29% |
| 5 Yr | 8.3%* | -2.6% | 18.2% | 42.13% |
| 10 Yr | 8.3%* | 1.3% | 11.2% | 20.22% |
* Annualized
Total Return Ranking - Calendar
| Period | LKBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.8% | -12.2% | 26.8% | 82.13% |
| 2022 | -13.8% | -29.0% | 10.9% | 38.51% |
| 2021 | 14.0% | -3.0% | 27.3% | 40.76% |
| 2020 | 15.3% | -19.5% | 40.6% | 26.94% |
| 2019 | 21.9% | 2.2% | 32.7% | 20.39% |
NAV & Total Return History
LKBAX - Holdings
Concentration Analysis
| LKBAX | Category Low | Category High | LKBAX % Rank | |
|---|---|---|---|---|
| Net Assets | 116 M | 789 K | 230 B | 81.83% |
| Number of Holdings | 140 | 2 | 16015 | 40.92% |
| Net Assets in Top 10 | 21.9 M | 577 K | 69.8 B | 90.63% |
| Weighting of Top 10 | 18.84% | 11.0% | 122.7% | 94.81% |
Top 10 Holdings
- Apple Inc 2.90%
- Microsoft Corp 2.60%
- Alphabet Inc 2.18%
- NVIDIA Corp 2.13%
- Amazon.com Inc 1.87%
- Oracle Corp 1.56%
- Martin Marietta Materials Inc 1.45%
- Meta Platforms Inc 1.42%
- Alcon Inc 1.37%
- Linde PLC 1.36%
Asset Allocation
| Weighting | Return Low | Return High | LKBAX % Rank | |
|---|---|---|---|---|
| Stocks | 69.72% | 0.00% | 100.16% | 50.29% |
| Bonds | 29.61% | 0.00% | 74.58% | 34.73% |
| Cash | 0.68% | -7.92% | 100.00% | 63.40% |
| Preferred Stocks | 0.00% | 0.00% | 23.91% | 73.05% |
| Other | 0.00% | -42.55% | 113.97% | 76.22% |
| Convertible Bonds | 0.00% | 0.00% | 23.84% | 96.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LKBAX % Rank | |
|---|---|---|---|---|
| Technology | 20.67% | 0.00% | 44.21% | 38.72% |
| Healthcare | 13.27% | 0.00% | 29.35% | 63.61% |
| Industrials | 13.07% | 0.00% | 24.37% | 11.50% |
| Financial Services | 12.12% | 0.00% | 38.77% | 83.26% |
| Basic Materials | 11.79% | 0.00% | 33.35% | 2.18% |
| Consumer Defense | 8.48% | 0.00% | 15.14% | 19.36% |
| Energy | 7.77% | 0.00% | 85.65% | 12.66% |
| Communication Services | 6.02% | 0.00% | 38.10% | 74.53% |
| Consumer Cyclical | 5.25% | 0.00% | 19.36% | 88.21% |
| Real Estate | 1.57% | 0.00% | 65.01% | 80.64% |
| Utilities | 0.00% | 0.00% | 99.55% | 96.51% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LKBAX % Rank | |
|---|---|---|---|---|
| US | 69.72% | 0.00% | 100.16% | 48.27% |
| Non US | 0.00% | 0.00% | 39.06% | 73.34% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LKBAX % Rank | |
|---|---|---|---|---|
| Corporate | 94.49% | 0.00% | 98.21% | 2.18% |
| Cash & Equivalents | 0.51% | 0.00% | 99.92% | 61.24% |
| Derivative | 0.00% | -2.87% | 42.43% | 65.56% |
| Securitized | 0.00% | 0.00% | 92.13% | 95.94% |
| Municipal | 0.00% | 0.00% | 24.80% | 87.08% |
| Government | 0.00% | 0.00% | 97.26% | 97.10% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LKBAX % Rank | |
|---|---|---|---|---|
| US | 29.61% | 0.00% | 74.58% | 33.43% |
| Non US | 0.00% | 0.00% | 14.05% | 69.45% |
LKBAX - Expenses
Operational Fees
| LKBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.04% | 0.03% | 17.63% | 47.42% |
| Management Fee | 0.65% | 0.00% | 1.83% | 80.83% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.44% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| LKBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| LKBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 0.00% | 2.00% | 73.68% |
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.
| LKBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.00% | 0.00% | 343.00% | 11.23% |
LKBAX - Distributions
Dividend Yield Analysis
| LKBAX | Category Low | Category High | LKBAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.29% | 0.00% | 17.90% | 21.89% |
Dividend Distribution Analysis
| LKBAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| LKBAX | Category Low | Category High | LKBAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.69% | -2.34% | 19.41% | 73.61% |
Capital Gain Distribution Analysis
| LKBAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.092 | OrdinaryDividend |
| Mar 28, 2024 | $0.060 | OrdinaryDividend |
| Dec 27, 2023 | $0.082 | OrdinaryDividend |
| Dec 27, 2023 | $0.623 | CapitalGainLongTerm |
| Sep 28, 2023 | $0.067 | OrdinaryDividend |
| Jun 29, 2023 | $0.072 | OrdinaryDividend |
| Mar 30, 2023 | $0.064 | OrdinaryDividend |
| Dec 28, 2022 | $0.681 | OrdinaryDividend |
| Sep 29, 2022 | $0.071 | OrdinaryDividend |
| Jun 29, 2022 | $0.068 | OrdinaryDividend |
| Mar 30, 2022 | $0.052 | OrdinaryDividend |
| Dec 29, 2021 | $1.146 | OrdinaryDividend |
| Sep 29, 2021 | $0.046 | OrdinaryDividend |
| Jun 29, 2021 | $0.052 | OrdinaryDividend |
| Mar 30, 2021 | $0.046 | OrdinaryDividend |
| Dec 29, 2020 | $0.943 | OrdinaryDividend |
| Sep 29, 2020 | $0.055 | OrdinaryDividend |
| Jun 29, 2020 | $0.060 | OrdinaryDividend |
| Mar 30, 2020 | $0.061 | OrdinaryDividend |
| Dec 27, 2019 | $0.076 | OrdinaryDividend |
| Dec 27, 2019 | $1.167 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.070 | OrdinaryDividend |
| Jun 27, 2019 | $0.065 | OrdinaryDividend |
| Mar 28, 2019 | $0.063 | OrdinaryDividend |
| Dec 28, 2018 | $0.071 | OrdinaryDividend |
| Dec 28, 2018 | $0.405 | CapitalGainLongTerm |
| Sep 27, 2018 | $0.057 | OrdinaryDividend |
| Jun 28, 2018 | $0.055 | OrdinaryDividend |
| Mar 28, 2018 | $0.049 | OrdinaryDividend |
| Dec 28, 2017 | $0.055 | OrdinaryDividend |
| Dec 28, 2017 | $0.707 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.049 | OrdinaryDividend |
| Jun 29, 2017 | $0.051 | OrdinaryDividend |
| Mar 30, 2017 | $0.046 | OrdinaryDividend |
| Dec 29, 2016 | $0.048 | OrdinaryDividend |
| Dec 29, 2016 | $0.851 | CapitalGainLongTerm |
| Sep 29, 2016 | $0.046 | OrdinaryDividend |
| Jun 29, 2016 | $0.044 | OrdinaryDividend |
| Mar 30, 2016 | $0.045 | OrdinaryDividend |
| Dec 29, 2015 | $0.055 | OrdinaryDividend |
| Dec 29, 2015 | $0.497 | CapitalGainLongTerm |
| Sep 29, 2015 | $0.045 | OrdinaryDividend |
| Jun 29, 2015 | $0.049 | OrdinaryDividend |
| Mar 30, 2015 | $0.042 | OrdinaryDividend |
| Dec 29, 2014 | $0.050 | OrdinaryDividend |
| Dec 29, 2014 | $0.466 | CapitalGainLongTerm |
| Sep 29, 2014 | $0.040 | OrdinaryDividend |
| Jun 27, 2014 | $0.115 | OrdinaryDividend |
| Mar 28, 2014 | $0.037 | OrdinaryDividend |
| Dec 27, 2013 | $0.047 | OrdinaryDividend |
| Dec 27, 2013 | $0.032 | CapitalGainLongTerm |
| Sep 27, 2013 | $0.036 | OrdinaryDividend |
| Jun 27, 2013 | $0.047 | OrdinaryDividend |
| Mar 27, 2013 | $0.038 | OrdinaryDividend |
| Dec 28, 2012 | $0.060 | OrdinaryDividend |
| Sep 27, 2012 | $0.043 | OrdinaryDividend |
| Jun 28, 2012 | $0.044 | OrdinaryDividend |
| Mar 29, 2012 | $0.042 | OrdinaryDividend |
| Dec 29, 2011 | $0.053 | OrdinaryDividend |
| Sep 29, 2011 | $0.040 | OrdinaryDividend |
| Jun 29, 2011 | $0.040 | OrdinaryDividend |
| Mar 30, 2011 | $0.036 | OrdinaryDividend |
| Dec 30, 2010 | $0.044 | OrdinaryDividend |
| Sep 29, 2010 | $0.043 | OrdinaryDividend |
| Jun 29, 2010 | $0.045 | OrdinaryDividend |
| Mar 30, 2010 | $0.045 | OrdinaryDividend |
| Dec 30, 2009 | $0.051 | OrdinaryDividend |
| Sep 29, 2009 | $0.048 | OrdinaryDividend |
| Jun 29, 2009 | $0.058 | OrdinaryDividend |
| Mar 30, 2009 | $0.060 | OrdinaryDividend |
| Dec 30, 2008 | $0.087 | OrdinaryDividend |
| Dec 30, 2008 | $0.008 | CapitalGainLongTerm |
| Sep 29, 2008 | $0.065 | OrdinaryDividend |
| Jun 27, 2008 | $0.066 | OrdinaryDividend |
| Mar 28, 2008 | $0.061 | OrdinaryDividend |
| Dec 28, 2007 | $0.090 | OrdinaryDividend |
| Dec 28, 2007 | $0.342 | CapitalGainLongTerm |
| Sep 27, 2007 | $0.066 | OrdinaryDividend |
| Jun 28, 2007 | $0.064 | OrdinaryDividend |
| Mar 29, 2007 | $0.059 | OrdinaryDividend |
| Dec 28, 2006 | $0.068 | OrdinaryDividend |
| Dec 28, 2006 | $0.030 | CapitalGainShortTerm |
| Dec 28, 2006 | $0.154 | CapitalGainLongTerm |
| Sep 28, 2006 | $0.063 | OrdinaryDividend |
| Jun 29, 2006 | $0.065 | OrdinaryDividend |
| Mar 30, 2006 | $0.062 | OrdinaryDividend |
| Dec 29, 2005 | $0.012 | OrdinaryDividend |
| Sep 29, 2005 | $0.013 | OrdinaryDividend |
| Jun 29, 2005 | $0.050 | OrdinaryDividend |
| Mar 30, 2005 | $0.047 | OrdinaryDividend |
| Dec 30, 2004 | $0.059 | OrdinaryDividend |
| Sep 29, 2004 | $0.056 | OrdinaryDividend |
| Jun 29, 2004 | $0.053 | OrdinaryDividend |
| Mar 30, 2004 | $0.066 | OrdinaryDividend |
| Dec 30, 2003 | $0.021 | OrdinaryDividend |
| Jun 27, 2003 | $0.041 | OrdinaryDividend |
| Mar 28, 2003 | $0.077 | OrdinaryDividend |
| Dec 27, 2002 | $0.030 | OrdinaryDividend |
| Sep 27, 2002 | $0.056 | OrdinaryDividend |
| Sep 27, 2002 | $0.005 | CapitalGainLongTerm |
| Jun 27, 2002 | $0.058 | OrdinaryDividend |
| Mar 28, 2002 | $0.070 | OrdinaryDividend |
| Dec 28, 2001 | $0.058 | OrdinaryDividend |
| Dec 28, 2001 | $0.028 | CapitalGainLongTerm |
| Sep 27, 2001 | $0.081 | OrdinaryDividend |
| Sep 27, 2001 | $0.018 | CapitalGainLongTerm |
| Jun 28, 2001 | $0.070 | OrdinaryDividend |
| Mar 29, 2001 | $0.112 | OrdinaryDividend |
| Dec 29, 2000 | $0.032 | OrdinaryDividend |
| Oct 02, 2000 | $0.060 | OrdinaryDividend |
| Oct 02, 2000 | $0.023 | CapitalGainLongTerm |
| Jun 30, 2000 | $0.064 | OrdinaryDividend |
| Mar 31, 2000 | $0.067 | OrdinaryDividend |
| Dec 31, 1999 | $0.057 | OrdinaryDividend |
| Dec 31, 1999 | $0.012 | CapitalGainLongTerm |
| Sep 30, 1999 | $0.060 | OrdinaryDividend |
| Jun 29, 1999 | $0.041 | OrdinaryDividend |
| Mar 31, 1999 | $0.059 | OrdinaryDividend |
LKBAX - Fund Manager Analysis
Managers
Scot Hollmann
Start Date
Tenure
Tenure Rank
Dec 30, 1997
24.43
24.4%
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.
J. King
Start Date
Tenure
Tenure Rank
Dec 30, 1997
24.43
24.4%
J. Luther King, Jr., is President and founder of Luther King Capital Management which is a registered investment advisory firm located in Fort Worth, Texas. He attended Fort Worth public schools and graduated from Poly High School. He received the B.S.C. (l962) and the M.B.A. (1966) degrees from Texas Christian University. In 1968, he received an honorable discharge from the U.S. Air Force Reserve. His professional career began at First National Bank of Fort Worth as a credit analyst in 1963. In 1970, he became a senior investment officer managing mutual fund assets for Shareholders Management Company which became a part of American General Insurance Company. In 1973, he joined Lionel D. Edie & Company, a New York-based investment firm, where he was a Director and Manager of the Dallas office. Lionel D. Edie sold to Manufacturers Hanover Trust in December of 1978. In March 1979, Luther King founded Luther King Capital Management. Luther King is a Chartered Financial Analyst. He has held positions on several publicly traded companies, one of which was XTO Energy, a New York Stock Exchange listed company, located in Fort Worth where he was a director for twelve years which included serving as Chairman of the Audit Committee. He is past Chairman of the Board of the Investment Counsel Association of America. He is a member of the Investment Advisory Committee for the Trustees of the Investment Advisory Committee for the Employees Retirement System of Texas and has served as the Committee Chairman. He has served as Vice Chairman of the Board to the University of Texas Investment Management Company, which has responsibilities for the endowment of the University of Texas, and a portion of the endowment for Texas A&M University. He is a Trustee and a member of the Executive Committee of Texas Christian University and, in 1992, received the Distinguished Alumnus Award. He currently serves as Chairman of the Board of Trustees of Texas Christian University. Additionally, he serves on the boards of several privately held companies and philanthropic organizations and is a former Trustee of St. Mark’s School of Texas.
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.36 | 2.41 |
