# EDGAR Filing Document

**Accession Number:** 0000918942
**File Stem:** 0000894189-25-014070
**Filing Date:** 2025-11
**Character Count:** 33146
**Document Hash:** 001ba52975e2bf6a5b1e21de56c0ae2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-014070.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0000894189-25-014070

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LKCM Funds
- **CENTRAL INDEX KEY:** 0000918942

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08352
- **FILM NUMBER:** 251500196

**BUSINESS ADDRESS:**
- **STREET 1:** 301 COMMERCE
- **STREET 2:** SUITE 1600
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102
- **BUSINESS PHONE:** 817-332-3235

**MAIL ADDRESS:**
- **STREET 1:** 301 COMMERCE
- **STREET 2:** SUITE 1600
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** U.S. Bancorp Fund Services, LLC
- **DATE OF NAME CHANGE:** 20040819

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LKCM FUND
- **DATE OF NAME CHANGE:** 19940211

## Series and Classes Contracts Data

### LKCM Aquinas Catholic Equity Fund (Series ID: S000004610)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000012579 | LKCM Aquinas Catholic Equity Fund | AQEIX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **LKCM Aquinas Catholic Equity Fund** | **LKCM Aquinas Catholic Equity Fund** | **LKCM Aquinas Catholic Equity Fund** | **LKCM Aquinas Catholic Equity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 97.6%** | **COMMON STOCKS - 97.6%** | **Shares** | **Value**  |
| **Aerospace & Defense - 2.9%** | **Aerospace & Defense - 2.9%** | **Aerospace & Defense - 2.9%** | |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | 6000 | $1832460 |
| **Banks - 0.8%** | **Banks - 0.8%** | **Banks - 0.8%** |  |
| Cullen/Frost Bankers, Inc. | Cullen/Frost Bankers, Inc. | 4000 | 507080 |
| **Beverages - 2.3%** | **Beverages - 2.3%** | **Beverages - 2.3%** |  |
| PepsiCo, Inc. | PepsiCo, Inc. | 10000 | 1404400 |
| **Broadline Retail - 2.8%** | **Broadline Retail - 2.8%** | **Broadline Retail - 2.8%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | Amazon.com, Inc. <sup>(a)</sup> | 8000 | 1756560 |
| **Capital Markets - 3.7%** | **Capital Markets - 3.7%** | **Capital Markets - 3.7%** |  |
| Charles Schwab Corp. | Charles Schwab Corp. | 11500 | 1097905 |
| Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | 7000 | 1179360 |
|  |  |  | 2277265 |
| **Chemicals - 10.2%** | **Chemicals - 10.2%** | **Chemicals - 10.2%** |  |
| Corteva, Inc. | Corteva, Inc. | 22500 | 1521675 |
| DuPont de Nemours, Inc. | DuPont de Nemours, Inc. | 10000 | 779000 |
| Ecolab, Inc. | Ecolab, Inc. | 5000 | 1369300 |
| Linde PLC | Linde PLC | 2000 | 950000 |
| Sherwin-Williams Co. | Sherwin-Williams Co. | 5000 | 1731300 |
|  |  |  | 6351275 |
| **Construction Materials - 2.0%** | **Construction Materials - 2.0%** | **Construction Materials - 2.0%** |  |
| Martin Marietta Materials, Inc. | Martin Marietta Materials, Inc. | 2000 | 1260560 |
| **Electric Utilities - 1.6%** | **Electric Utilities - 1.6%** | **Electric Utilities - 1.6%** |  |
| Constellation Energy Corp. | Constellation Energy Corp. | 3100 | 1020117 |
| **Electronic Equipment, Instruments & Components - 6.1%** | **Electronic Equipment, Instruments & Components - 6.1%** | **Electronic Equipment, Instruments & Components - 6.1%** |  |
| Teledyne Technologies, Inc. <sup>(a)</sup> | Teledyne Technologies, Inc. <sup>(a)</sup> | 3000 | 1758120 |
| Trimble, Inc. <sup>(a)</sup> | Trimble, Inc. <sup>(a)</sup> | 25000 | 2041250 |
|  |  |  | 3799370 |
| **Health Care Equipment & Supplies - 4.9%** | **Health Care Equipment & Supplies - 4.9%** | **Health Care Equipment & Supplies - 4.9%** |  |
| Alcon AG | Alcon AG | 13500 | 1005885 |
| Stryker Corp. | Stryker Corp. | 5500 | 2033185 |
|  |  |  | 3039070 |
| **Household Durables - 1.2%** | **Household Durables - 1.2%** | **Household Durables - 1.2%** |  |
| Whirlpool Corporation | Whirlpool Corporation | 9300 | 730980 |
| **Independent Power and Renewable Electricity Producers - 1.8%** | **Independent Power and Renewable Electricity Producers - 1.8%** | **Independent Power and Renewable Electricity Producers - 1.8%** |  |
| Clearway Energy, Inc. - Class C | Clearway Energy, Inc. - Class C | 40000 | 1130000 |
| **Interactive Media & Services - 5.5%** | **Interactive Media & Services - 5.5%** | **Interactive Media & Services - 5.5%** |  |
| Alphabet, Inc. - Class A - Class A | Alphabet, Inc. - Class A - Class A | 14000 | 3403400 |
| **Leisure Products - 1.5%** | **Leisure Products - 1.5%** | **Leisure Products - 1.5%** |  |
| Mattel, Inc. <sup>(a)</sup> | Mattel, Inc. <sup>(a)</sup> | 55000 | 925650 |
| **Machinery - 3.3%** | **Machinery - 3.3%** | **Machinery - 3.3%** |  |
| Chart Industries, Inc. <sup>(a)</sup> | Chart Industries, Inc. <sup>(a)</sup> | 2700 | 540405 |
| IDEX Corp. | IDEX Corp. | 5300 | 862628 |
| Illinois Tool Works Inc. | Illinois Tool Works Inc. | 2500 | 651900 |
|  |  |  | 2054933 |
| **Marine Transportation - 1.1%** | **Marine Transportation - 1.1%** | **Marine Transportation - 1.1%** |  |
| Kirby Corp. <sup>(a)</sup> | Kirby Corp. <sup>(a)</sup> | 8000 | 667600 |
| **Oil, Gas & Consumable Fuels - 6.5%** | **Oil, Gas & Consumable Fuels - 6.5%** | **Oil, Gas & Consumable Fuels - 6.5%** |  |
| Devon Energy Corp. | Devon Energy Corp. | 25000 | 876500 |
| Diamondback Energy Inc. | Diamondback Energy Inc. | 5000 | 715500 |
| Expand Energy Corp. | Expand Energy Corp. | 8500 | 903040 |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | 27500 | 778525 |
| Permian Resources Corp. | Permian Resources Corp. | 60000 | 768000 |
|  |  |  | 4041565 |
| **Pharmaceuticals - 2.4%** | **Pharmaceuticals - 2.4%** | **Pharmaceuticals - 2.4%** |  |
| Zoetis, Inc. | Zoetis, Inc. | 10000 | 1463200 |
| **Professional Services - 3.9%** | **Professional Services - 3.9%** | **Professional Services - 3.9%** |  |
| Broadridge Financial Solutions, Inc. | Broadridge Financial Solutions, Inc. | 5500 | 1309935 |
| Verisk Analytics, Inc. | Verisk Analytics, Inc. | 4500 | 1131795 |
|  |  |  | 2441730 |
| **Semiconductors & Semiconductor Equipment - 5.6%** | **Semiconductors & Semiconductor Equipment - 5.6%** | **Semiconductors & Semiconductor Equipment - 5.6%** |  |
| NVIDIA Corp. | NVIDIA Corp. | 18500 | 3451730 |
| **Software - 17.6%** | **Software - 17.6%** | **Software - 17.6%** |  |
| Adobe, Inc. <sup>(a)</sup> | Adobe, Inc. <sup>(a)</sup> | 3700 | 1305175 |
| Microsoft Corp. | Microsoft Corp. | 6000 | 3107700 |
| Oracle Corp. | Oracle Corp. | 11000 | 3093640 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | Palo Alto Networks, Inc. <sup>(a)</sup> | 7000 | 1425340 |
| Roper Technologies, Inc. | Roper Technologies, Inc. | 4000 | 1994760 |
|  |  |  | 10926615 |
| **Specialty Retail - 4.8%** | **Specialty Retail - 4.8%** | **Specialty Retail - 4.8%** |  |
| Academy Sports & Outdoors, Inc. | Academy Sports & Outdoors, Inc. | 27500 | 1375550 |
| Home Depot, Inc. | Home Depot, Inc. | 4000 | 1620760 |
|  |  |  | 2996310 |
| **Technology Hardware, Storage & Peripherals - 3.3%** | **Technology Hardware, Storage & Peripherals - 3.3%** | **Technology Hardware, Storage & Peripherals - 3.3%** |  |
| Apple Inc. | Apple Inc. | 8000 | 2037040 |
| **Textiles, Apparel & Luxury Goods - 1.8%** | **Textiles, Apparel & Luxury Goods - 1.8%** | **Textiles, Apparel & Luxury Goods - 1.8%** |  |
| Ralph Lauren Corp. | Ralph Lauren Corp. | 3500 | 1097460 |
| **TOTAL COMMON STOCKS** (Cost $28,601,085) | **TOTAL COMMON STOCKS** (Cost $28,601,085) | **TOTAL COMMON STOCKS** (Cost $28,601,085) | 60616370 |
| **SHORT-TERM INVESTMENTS**<br> ****  | **SHORT-TERM INVESTMENTS**<br> ****  | **SHORT-TERM INVESTMENTS**<br> ****  | **SHORT-TERM INVESTMENTS**<br> ****  |
| **SHORT-TERM INVESTMENTS - 2.4%** | **SHORT-TERM INVESTMENTS - 2.4%** |  | **Value**  |
| Invesco Short-Term Investments Trust - Government & Agency Portfolio - Institutional Shares - Institutional Class, 4.06%<sup>(b)</sup> | Invesco Short-Term Investments Trust - Government & Agency Portfolio - Institutional Shares - Institutional Class, 4.06%<sup>(b)</sup> | 1494576 | 1494576 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,494,576) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,494,576) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,494,576) | 1494576 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $30,095,661**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $30,095,661**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $30,095,661**)** | 62110946 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | 77 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $62111023 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of September 30, 2025.

(c) Represents less than 0.05% of net assets.

Investments are classified by industry pursuant to the Global Industry Classification Standard ("GICS<sup>®</sup>"), which was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

------

**air Value Measurement Summary at September 30, 2025 (Unaudited)** 

Equity securities listed or traded on a U.S. securities exchange for which market quotations are readily available are valued at the last quoted sale price on the exchange on which the security is primarily traded. Nasdaq Global Market securities are valued at the Nasdaq Official Closing Price ("NOCP"). Unlisted U.S. equity securities and listed U.S. equity securities not traded on a particular valuation date are valued at the mean of the most recent quoted bid and ask price on the relevant exchanges or markets. Equity securities listed on a foreign exchange for which market quotations are readily available are valued at the last quoted sales price on the exchange on which the security is primarily traded. Debt securities are normally valued at the mean of the closing bid and ask price and/or by using a combination of broker quotations or evaluated prices provided by an independent pricing service. Futures contracts and options on futures contracts are valued at the settlement prices established each day on the principal exchange on which they are traded. Forward contracts are valued based on the forward rate using information provided by an independent pricing service. Other assets and securities for which no market or broker quotations or evaluated prices are readily available are valued by the Adviser in good faith at fair value. Rule 2a-5 under the Investment Company Act of 1940 (the "Valuation Rule") establishes requirements for determining fair value in good faith for purposes of the 1940 Act, including related oversight and reporting requirements. The Valuation Rule also defines when market quotations are "readily available" for purposes of the 1940 Act, the threshold for determining whether a security must be fair valued. In many cases, fixed-income and foreign securities are not considered to have a "readily available market quotation" under the Valuation Rule. Accordingly, such securities typically are fair valued. The Valuation Rule permits the Fund's board to designate the Fund's investment adviser as "valuation designee" to perform the Fund's fair value determinations subject to board oversight and certain reporting and other requirements intended to ensure that the registered investment company's board receives the information it needs to oversee the investment adviser's fair value determinations. The Board has designated the Adviser as valuation designee under the Valuation Rule to perform fair value functions in accordance with the requirements of the Valuation Rule. The Adviser may value securities at fair value in good faith pursuant to the Adviser's and the Fund's procedures. The Adviser may use prices provided by independent pricing services to assist in the fair valuation of the Fund's portfolio securities.

The Trust has adopted accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy is organized into three levels based upon the assumptions (referred to as "inputs") used in pricing the asset or liability. These standards state that "observable inputs" reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from independent sources and "unobservable inputs" reflect an entity's own assumptions about the assumptions market participants would use in pricing the asset or liability. These inputs are summarized in the three broad levels listed below.

Level 1 - Quoted unadjusted prices for identical instruments in active markets to which the Trust has access at the date of measurement.

Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.

Level 3 - Model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Trust's own assumptions that market participants would use to price the asset or liability based on the best available information.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. As of September 30, 2025, the Fund's assets carried at fair value were classified as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $60616370 | $– | $– | $60616370 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investments | 1494576 | – | – | 1494576 |
| Total Investments\* | $62110946 | $– | $– | $62110946 |
| \*Additional information regarding the industry classifications of these investments is disclosed in the Schedule of Investments. | \*Additional information regarding the industry classifications of these investments is disclosed in the Schedule of Investments. | \*Additional information regarding the industry classifications of these investments is disclosed in the Schedule of Investments. | \*Additional information regarding the industry classifications of these investments is disclosed in the Schedule of Investments. | \*Additional information regarding the industry classifications of these investments is disclosed in the Schedule of Investments. |

---

------

---

| | |
|:---|:---|
| **LKCM Aquinas Catholic Equity Fund** | |
| **Sector Classification** | |
| **September 30, 2025 (Unaudited)** | |
| **Sector:** | **% of Net Assets** |
| Information Technology | 32.6% |
| Materials | 12.2% |
| Consumer Discretionary | 12.1% |
| Industrials | 11.2% |
| Health Care | 7.3% |
| Energy | 6.5% |
| Communication Services | 5.5% |
| Financials | 4.5% |
| Utilities | 3.4% |
| Consumer Staples | 2.3% |
| Cash & Others | 2.4% |
|  | **100%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LKCM Funds

- **b. Investment Company Act file number:** 811-08352

- **c. CIK number of Registrant:** 0000918942

- **d. LEI of Registrant:** 549300P4U5XLVM1D1Z46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 301 Commerce Street

  - **City:** Fort Worth

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 76102

  - **Telephone number:** 800-423-6369

**Item A.2. Information about the Series.**

- **a. Name of Series:** LKCM Aquinas Catholic Equity Fund

- **b. EDGAR series identifier (if any):** S000004610

- **c. LEI of Series:** 549300EHS667SW7T1D12

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $62161185.31

**Total Liabilities:** $154609.25

**Net Assets:** $62006576.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012579 | 2.08%                | 0.48%                | 1.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-358632.80              | $1641904.00                                |
| Month 2  | $153152.31               | $160548.12                                 |
| Month 3  | $584424.30               | $48734.06                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Expand Energy Corp             | Expand Energy Corp                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      8500 | NS      | $903040.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc       | Cullen/Frost Bankers Inc              | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      4000 | NS      | $507080.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                            | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      5000 | NS      | $1369300.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc         | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      7000 | NS      | $1179360.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc         | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      2000 | NS      | $1260560.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      7000 | NS      | $1425340.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc           | Chart Industries Inc                  | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      2700 | NS      | $540405.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      3100 | NS      | $1020117.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     25000 | NS      | $876500.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                     | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     27500 | NS      | $778525.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     11000 | NS      | $3093640.00   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The               | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      5000 | NS      | $1731300.00   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                            | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     10000 | NS      | $1463200.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc  | Academy Sports & Outdoors Inc         | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27500 | NS      | $1375550.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     14000 | NS      | $3403400.00   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      8000 | NS      | $1756560.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions | Broadridge Financial Solutions Inc    | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      5500 | NS      | $1309935.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                           | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     22500 | NS      | $1521675.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      5000 | NS      | $715500.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                 | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     10000 | NS      | $779000.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc             | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      6000 | NS      | $1832460.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp              | Ralph Lauren Corp                     | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      3500 | NS      | $1097460.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                 | Whirlpool Corp                        | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      9300 | NS      | $730980.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                             | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |      2000 | NS      | $950000.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3700 | NS      | $1305175.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      8000 | NS      | $2037040.00   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                   | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     40000 | NS      | $1130000.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4000 | NS      | $1620760.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                             | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      5300 | NS      | $862628.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc               | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      2500 | NS      | $651900.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                     | Kirby Corp                            | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      8000 | NS      | $667600.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                     | Mattel Inc                            | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     55000 | NS      | $925650.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      6000 | NS      | $3107700.00   | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     18500 | NS      | $3451730.00   | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     10000 | NS      | $1404400.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp         | Permian Resources Corp                | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     60000 | NS      | $768000.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      4000 | NS      | $1994760.00   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     11500 | NS      | $1097905.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Po | Invesco Government & Agency Portfolio | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   1494576 | NS      | $1494576.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                          | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      5500 | NS      | $2033185.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies Inc             | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      3000 | NS      | $1758120.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                    | Trimble Inc                           | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     25000 | NS      | $2041250.00   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc           | Verisk Analytics Inc                  | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      4500 | NS      | $1131795.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                       | Alcon AG                              | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |     13500 | NS      | $1005885.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-19

**Name of Applicant:** LKCM Funds

**Signature:** /s/ Jacob D. Smith

**Name of Signer:** LKCM Funds

**Title:** Chief Financial Officer