LKCM Aquinas Small Cap Fund
Investment Goal: To maximize long-term capital appreciation, while incorporating Catholic values investing principles in the investment process.
Investment Strategy: The Fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of smaller companies.

Smaller companies are those with market capitalizations at the time of investment between $400 million and $2.5 billion. The Fund is not required to sell equity securities whose market values appreciation or depreciate outside this market capitalization range. The Fund may purchase additional equity securities of companies with market capitalizations outside this range, provided that the Fund’s initial investment was within this market capitalization range or otherwise exempted.

The Fund seeks to achieve its objective by selecting investments that LKCM believes are likely to have above-average growth in revenue and/or earnings and potential for above-average capital appreciation.

The Fund seeks to identify high quality companies based on various financial and fundamental criteria such as consistently high profitability, strong balance sheets, competitive advantages, high and/or improving financial returns, free cash flow and reinvestment opportunities, and prominent market share positions.




3 month
YTD
1 Yr		 Since Inception
7-11-05
LKCM Aquinas Small Cap Fund    .69% -9.43% -15.76%    2.08%
Russell 2000 Index    .58% -9.37% -16.19%    2.61%
Lipper Small Cap Core Index   2.37%  -7.04% -13.50%    5.13%
Average Annualized Data as of 6-30-2008
The Gross Expense Ratio is 2.33%

Performance data quoted represents past performance and does not guarantee future results.  The investment return and principal value of an investment will fluctuate so that an invesor's shares, when redeemed, may be worth more or less than their original cost.  Fund performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 1-800-423-6369.  The fund imposes a 1.00% redemption fee on shares held less than 30 days, and if reflected, the fee would reduce the performance shown.


Portfolio Managers
J. Luther King, Jr. Mr. King has been President, Principal and Portfolio Manager for LKCM since 1979. He shares the day-to-day management of the LKCM Aquinas Value, Growth, Small Cap, and Fixed Income Funds.
Paul W. Greenwell Mr. Greenwell has been Vice President and Portfolio Manager for LKCM since 1983 and Principal since 1986. He shares the day-to-day management of the LKCM Aquinas Value, Growth, Small Cap, and Fixed Income Funds.
Steven R. Purvis Mr. Purvis has been Vice President and Portfolio Manager of LKCM since 1996 and Principal since 2004. He shares the day-to-day management of the LKCM Aquinas Value Fund.


NAVDaily Change
$5.81$0.15

Data as of Jul 08 2008




This chart does not imply any future performance


Free Cash Flow:
A measure of financial performance calculated as operating cash flow minus capital expenditures

The Russell 2000 Index is an unmanaged index consisting of the 2,000 smallest companies in the Russell 3000 Index. The average market capitalization was approximately $898 million.

The Lipper Small-Cap Core Funds Index is an unmanaged index consisting of small-cap core funds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) less than 250% of the dollar-weighted median of the smallest 500 of the middle 1,000 securities of the S&P Super Composite 1500 Index. Small-Cap core funds have more latitude in the companies in which they invest. These funds typically have an average price-to-earnings ratio, price-to-book ratio and three-year sales-per-share growth value, compared to the S&P Small Cap 600 Index.

It is not possible to invest directly in an index.

Please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges, and expenses.

The LKCM Aquinas Funds are offered only to United States residents, and information on this site is intended only for such persons.  Nothing on this Web site should be considered a solicitation to buy or an offer to sell shares of any LKCM Aquinas Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Mutual fund investing involves risk; loss of principal is possible. Since the Adviser considers other factors in addition to traditional investment criteria when selecting portfolio securities, it may forego a profitable investment opportunity or sell a security when it may be disadvantageous to do so.

Small-capitalization funds typically carry additional risks, since smaller companies generally have a higher risk of failure, and, historically, their stocks have experienced a greater degree of market volatility than stocks on average.

The LKCM Aquinas Funds are distributed by Quasar Distributors, LLC.