LKFIX Fees and Costs — Lkcm Fixed Income Fund
Data updated: 2026-08-19
The net expense ratio is 0.50%: a 0.50% management fee plus 0.31% other expenses, less a 0.31% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 34%.
LKFIX Fees and Expenses
Annual operating expenses and sales charges of LKFIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.31% |
| Net expense ratio | 0.50% |
| 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 |
LKFIX Costs Over Time
On $10,000 invested in LKFIX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
LKFIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $126.9M
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
LKFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKET AXESS INC. | $43.9M | 34.61% |
| MORGAN STANLEY & CO. LLC | $30.8M | 24.26% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $21.1M | 16.62% |
| GOLDMAN SACHS & CO. LLC | $16.9M | 13.33% |
| MILLENNIUM ADVISORS LLC | $3.5M | 2.75% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $3.1M | 2.46% |
| LOOP CAPITAL MARKETS LLC | $2.9M | 2.27% |
| SUMRIDGE PARTNERS LLC | $2.5M | 1.97% |
| BMO CAPITAL MARKETS CORP. | $2.0M | 1.56% |
| WELLS FARGO SECURITIES LLC | $206K | 0.16% |
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.