LKSCX Fees and Costs — Lkcm Small Cap Equity Fund
Data updated: 2026-08-19
The net expense ratio is 1.01%: a 0.75% management fee plus 0.30% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $282K in broker commissions, 0.0964% of average net assets, and portfolio turnover was 40%.
LKSCX Fees and Expenses
Annual operating expenses and sales charges of LKSCX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.01% |
| 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 |
LKSCX Costs Over Time
On $10,000 invested in LKSCX, assuming 5% a year before costs, total costs come to $691 over 5 years, cutting the return by 1.16% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $380 | $691 |
| Value after costs | $10,384 | $11,196 | $12,072 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
LKSCX 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): 0.0964%
- Total broker commissions: $282K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
LKSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $51K | 28.56% |
| ROBERT W. BAIRD & CO. INCORPORATED | $23K | 12.70% |
| NEEDHAM & COMPANY LLC | $16K | 9.25% |
| CAPITAL INSTITUTIONAL SERVICES INC. | $16K | 8.78% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $13K | 7.58% |
| BARCLAYS CAPITAL INC. | $12K | 6.85% |
| PIPER SANDLER & CO. | $12K | 6.82% |
| STRATEGAS SECURITIES LLC | $12K | 6.71% |
| ISI FINANCIAL GROUP INC | $11K | 6.42% |
| WILLIAM BLAIR & COMPANY L.L.C. | $11K | 6.33% |
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.