Morningstar

LKCM Small-Mid Cap Equity Fund Institutional Class LKSMX

Morningstar Medalist Rating
Medalist Rating as of | See LKCM Investment Hub
  • NAV / 1-Day Return 12.02  /  +0.25 %
  • Total Assets 44.1M
  • Adj. Expense Ratio
    1.010%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Mid-Cap Growth
  • Investment Style Small Growth
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 0.00
  • Turnover 44%

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 10:08 PM GMT+0

Morningstar’s Analysis LKSMX

Will LKSMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LKSMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LKSMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LKSMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This smid-cap growth strategy leans toward value.

Analyst Drew Carter

Drew Carter

Analyst

Summary

LKCM Small-Mid Cap Equity’s lead manager Daniel Downes has gotten off to a decent start, but generally the team and process don’t stand out. This strategy also includes a separately managed account vehicle.

by Drew Carter
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Portfolio Holdings LKSMX

More LKSMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 30.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Tower Semiconductor Ltd

4.40 2M
Technology

FTAI Aviation Ltd

4.05 2M
Industrials

BrightSpring Health Services Inc

3.75 2M
Healthcare

NCR Atleos Corp

2.99 1M
Technology

Invesco Shrt-Trm Inv Gov&Agcy Instl

2.92 1M
Cash and Equivalents

BWX Technologies Inc

2.89 1M
Industrials

Ensign Group Inc

2.82 1M
Healthcare

FirstCash Holdings Inc

2.62 1M
Financial Services

Natera Inc

2.58 1M
Healthcare

Planet Labs PBC Class A

2.50 1M
Industrials

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