Fund Evaluator:

LKCM Aquinas Catholic Equity Overview

LKCM Aquinas Catholic Equity (AQEIX) is an actively managed U.S. Equity Large Blend fund. LKCM launched the fund in 2005.

The investment seeks to maximize long-term capital appreciation, while incorporating Catholic values investing principles in the investment process. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. It primarily invests in companies the Adviser believes are likely to have above-average growth in revenues and/or earnings, above-average returns on shareholders' equity, potential for above-average capital appreciation, and/or companies the Adviser believes have attractive relative valuations.

About LKCM Aquinas Catholic Equity (AQEIX)

There are 2 members of the management team with an average tenure of 15.16 years: Paul Greenwell (2005), Scot Hollmann (2017). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Lipper Large-Cap Core Funds index with a weighting of 100%. LKCM Aquinas Catholic Equity has 44 securities in its portfolio. The top 10 holdings constitute 40.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

LKCM Aquinas Catholic Equity is part of the Equity global asset class and is within the U.S. Equity fund group. LKCM Aquinas Catholic Equity has 1.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.9%. There is 1.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). LKCM Aquinas Catholic Equity has 2.4% of the portfolio in cash.

Assets Under Management

The fund has $56 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AQEIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The LKCM Aquinas Catholic Equity expense ratio is high compared to funds in the Large Blend category. LKCM Aquinas Catholic Equity has an expense ratio of 1.00%, which is 23% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. LKCM Aquinas Catholic Equity has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, LKCM Aquinas Catholic Equity returned 2.4%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

LKCM Aquinas Catholic Equity has a trailing yield of 0.36%, which is below the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

LKCM Aquinas Catholic Equity Grades

Year to date, the fund has returned 2.8%, 6.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.3% over the past year (grade of F), 8.1% over the past three years (grade of F) and 4.5% per year over the past five years (grade of F) and 10.6% per year over the past 10 years (grade of F).

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