LKEQX Fees and Costs — Lkcm Equity Fund
Data updated: 2026-08-19
The net expense ratio is 0.81%: a 0.70% management fee plus 0.29% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $83K in broker commissions, 0.0165% of average net assets, and portfolio turnover was 9%.
LKEQX Fees and Expenses
Annual operating expenses and sales charges of LKEQX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LKEQX Costs Over Time
On $10,000 invested in LKEQX, assuming 5% a year before costs, total costs come to $519 over 5 years, cutting the return by 0.87% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $285 | $519 |
| Value after costs | $10,413 | $11,292 | $12,244 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
LKEQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0165%
- Total broker commissions: $83K
- Bought from dealers (principal trades, not a cost): $4.9M
- Portfolio turnover (prospectus): 9%
- Securities lending: none during the year
LKEQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $34K | 43.52% |
| PIPER SANDLER & CO. | $8K | 9.68% |
| WILLIAM BLAIR & COMPANY L.L.C. | $7K | 9.17% |
| J.P. MORGAN SECURITIES LLC | $6K | 7.50% |
| ISI FINANCIAL GROUP INC | $5K | 6.24% |
| RAYMOND JAMES & ASSOCIATES INC. | $5K | 6.11% |
| JEFFERIES LLC | $4K | 5.09% |
| O'NEIL SECURITIES INCORPORATED | $4K | 4.91% |
| STRATEGAS SECURITIES LLC | $3K | 4.08% |
| GOLDMAN SACHS & CO. LLC | $3K | 3.70% |
LKEQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $4.9M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.