# EDGAR Filing Document

**Accession Number:** 0000918942
**File Stem:** 0000894189-26-015064
**Filing Date:** 2026-5
**Character Count:** 51712
**Document Hash:** 1436f0c210880eeed9aeddde259d4096
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-015064.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0000894189-26-015064

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**PERIOD START**: 20261231

**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/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08352
- **FILM NUMBER:** 261003095

**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 Fixed Income Fund (Series ID: S000004606)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000012574 | LKCM Fixed Income Fund | LKFIX           |

## Nport-Ex

**LKCM Fixed Income Fund** 

**Schedule of Investments** 

**March 31, 2026 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 78.9%** | **Par** | **Par** | **Value** | **Value** |
|  **Aerospace & Defense - 6.1%** |  |  |  |  |
|  L3Harris Technologies, Inc.<br>5.05%, 06/01/2029 (Callable 05/01/2029) | $| 4000000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4070259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/31/2033 (Callable 04/30/2033) |  | 5525000 |  | 5674192 |
|  RTX Corp.<br>5.75%, 01/15/2029 (Callable 12/15/2028) |  | 4000000 |  | 4148130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/27/2033 (Callable 11/27/2032) |  | 2750000 |  | 2806804 |
|  |  |  |  | 16699385 |
|  **Banks - 4.8%** | **Banks - 4.8%** | **Banks - 4.8%** | **Banks - 4.8%** | **Banks - 4.8%** |
|  Bank of America Corp., 4.25%, 10/22/2026 |  | 5000000 |  | 4997987 |
|  Cullen/Frost Bankers, Inc., 4.50%, 03/17/2027 (Callable 02/17/2027) |  | 3942000 |  | 3971565 |
|  JPMorgan Chase & Co.<br>3.30%, 04/01/2026 |  | 3500000 |  | 3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 06/15/2026 (Callable 05/01/2026) |  | 636000 |  | 634660 |
|  |  |  |  | 13104212 |
|  **Beverages - 0.8%** | **Beverages - 0.8%** | **Beverages - 0.8%** | **Beverages - 0.8%** | **Beverages - 0.8%** |
|  Keurig Dr Pepper, Inc.,<br>2.55%, 09/15/2026 (Callable 06/15/2026) |  | 2225000 |  | 2205169 |
|  **Biotechnology - 3.9%** | **Biotechnology - 3.9%** | **Biotechnology - 3.9%** | **Biotechnology - 3.9%** | **Biotechnology - 3.9%** |
|  AbbVie, Inc., 4.95%, 03/15/2031 (Callable 01/15/2031) |  | 4000000 |  | 4087005 |
|  Amgen, Inc.<br>2.60%, 08/19/2026 (Callable 05/19/2026) |  | 1000000 |  | 994242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/02/2033 (Callable 12/02/2032) |  | 5500000 |  | 5649318 |
|  |  |  |  | 10730565 |
|  **Chemicals - 0.9%** | **Chemicals - 0.9%** | **Chemicals - 0.9%** | **Chemicals - 0.9%** | **Chemicals - 0.9%** |
|  Ecolab, Inc.<br>2.70%, 11/01/2026 (Callable 08/01/2026) |  | 2000000 |  | 1984653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/24/2030 (Callable 12/24/2029) |  | 500000 |  | 508260 |
|  |  |  |  | 2492913 |
|  **Commercial Services & Supplies - 5.6%** | **Commercial Services & Supplies - 5.6%** | **Commercial Services & Supplies - 5.6%** | **Commercial Services & Supplies - 5.6%** | **Commercial Services & Supplies - 5.6%** |
|  Republic Services, Inc.<br>4.75%, 07/15/2030 (Callable 06/15/2030) |  | 4000000 |  | 4052618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2034 (Callable 01/01/2034) |  | 3000000 |  | 3032953 |
|  Waste Management, Inc.<br>4.50%, 03/15/2028 (Callable 02/15/2028) |  | 5800000 |  | 5838836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/2030 (Callable 12/15/2029) |  | 2370000 |  | 2393068 |
|  |  |  |  | 15317475 |
|  **Crude Petroleum Extraction - 1.8%** | **Crude Petroleum Extraction - 1.8%** | **Crude Petroleum Extraction - 1.8%** | **Crude Petroleum Extraction - 1.8%** | **Crude Petroleum Extraction - 1.8%** |
|  Enterprise Products Operating LLC, 4.15%, 10/16/2028 (Callable 07/16/2028) |  | 5000000 |  | 4990810 |
|  **Diversified Telecommunication Services - 3.8%** | **Diversified Telecommunication Services - 3.8%** | **Diversified Telecommunication Services - 3.8%** | **Diversified Telecommunication Services - 3.8%** | **Diversified Telecommunication Services - 3.8%** |
|  AT&T, Inc.<br>4.25%, 03/01/2027 (Callable 12/01/2026) |  | 4235000 |  | 4233365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/15/2030 (Callable 11/15/2029) |  | 2000000 |  | 1987370 |
|  Verizon Communications, Inc.<br>4.13%, 03/16/2027 |  | 1484000 |  | 1483277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 03/22/2028 (Callable 01/22/2028) |  | 3000000 |  | 2882621 |
|  |  |  |  | 10586633 |
|  **Electric Utilities - 1.7%** | **Electric Utilities - 1.7%** | **Electric Utilities - 1.7%** | **Electric Utilities - 1.7%** | **Electric Utilities - 1.7%** |
|  Duke Energy Corp.<br>4.50%, 08/15/2032 (Callable 05/15/2032) |  | 2000000 |  | 1969694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/2033 (Callable 06/15/2033) |  | 2500000 |  | 2604268 |
|  |  |  |  | 4573962 |

---

------

---

| | | |
|:---|:---|:---|
|  **Electrical Equipment - 3.1%** | **Electrical Equipment - 3.1%** | **Electrical Equipment - 3.1%** |
|  Emerson Electric Co., 5.00%, 03/15/2035 (Callable 12/15/2034) | 8475000 | 8539890 |
|  **Entertainment - 0.7%** | **Entertainment - 0.7%** | **Entertainment - 0.7%** |
|  Netflix, Inc., 4.90%, 08/15/2034 (Callable 05/15/2034) | 2000000 | 2017007 |
|  **Health Care Equipment & Supplies - 3.7%** | **Health Care Equipment & Supplies - 3.7%** | **Health Care Equipment & Supplies - 3.7%** |
|  Abbott Laboratories, 4.75%, 11/30/2036 (Callable 05/30/2036) | 200000 | 196773 |
|  Stryker Corp.<br>4.25%, 09/11/2029 (Callable 08/11/2029) | 2500000 | 2490257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/10/2030 (Callable 01/10/2030) | 7500000 | 7604553 |
|  |  | 10291583 |
|  **Health Care Providers & Services - 1.5%** | **Health Care Providers & Services - 1.5%** | **Health Care Providers & Services - 1.5%** |
|  UnitedHealth Group, Inc., 4.25%, 01/15/2029 (Callable 12/15/2028) | 4000000 | 3993998 |
|  **Hotels, Restaurants & Leisure - 1.8%** | **Hotels, Restaurants & Leisure - 1.8%** | **Hotels, Restaurants & Leisure - 1.8%** |
|  McDonald's Corp., 3.50%, 07/01/2027 (Callable 05/01/2027) | 5000000 | 4956331 |
|  **Insurance - 1.9%** | **Insurance - 1.9%** | **Insurance - 1.9%** |
|  Arthur J Gallagher & Co., 5.00%, 02/15/2032 (Callable 12/15/2031) | 5250000 | 5270320 |
|  **Interactive Media & Services - 2.7%** | **Interactive Media & Services - 2.7%** | **Interactive Media & Services - 2.7%** |
|  Meta Platforms, Inc.<br>4.60%, 05/15/2028 (Callable 04/15/2028) | 2500000 | 2527115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/2030 (Callable 03/15/2030) | 2950000 | 2996789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/2034 (Callable 05/15/2034) | 2000000 | 1977980 |
|  |  | 7501884 |
|  **Life Sciences Tools & Services - 1.5%** | **Life Sciences Tools & Services - 1.5%** | **Life Sciences Tools & Services - 1.5%** |
|  Thermo Fisher Scientific, Inc., 5.09%, 08/10/2033 (Callable 05/10/2033) | 4000000 | 4081875 |
|  **Oil, Gas & Consumable Fuels - 8.8%** | **Oil, Gas & Consumable Fuels - 8.8%** | **Oil, Gas & Consumable Fuels - 8.8%** |
|  Chevron Corp., 2.95%, 05/16/2026 (Callable 05/01/2026) | 1000000 | 998485 |
|  ConocoPhillips Co., 5.05%, 09/15/2033 (Callable 06/15/2033) | 2000000 | 2035497 |
|  Devon Energy Corp., 4.50%, 01/15/2030 (Callable 04/11/2026) | 4000000 | 3987825 |
|  Kinder Morgan, Inc., 5.20%, 06/01/2033 (Callable 03/01/2033) | 7300000 | 7426818 |
|  ONEOK, Inc.<br>5.55%, 11/01/2026 (Callable 10/01/2026) | 2500000 | 2514892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/15/2031 (Callable 10/15/2030) | 2000000 | 2126748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 09/01/2033 (Callable 06/01/2033) | 5000000 | 5240745 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24331010 |
|  **Other Management Consulting Services - 0.7%** | **Other Management Consulting Services - 0.7%** | **Other Management Consulting Services - 0.7%** |
|  Accenture Capital, Inc., 4.50%, 10/04/2034 (Callable 07/04/2034) | 2000000 | 1936567 |
|  **Pharmaceuticals - 1.1%** | **Pharmaceuticals - 1.1%** | **Pharmaceuticals - 1.1%** |
|  Bristol-Myers Squibb Co., 5.10%, 02/22/2031 (Callable 12/22/2030) | 3000000 | 3084900 |
|  **Semiconductors & Semiconductor Equipment - 3.0%** | **Semiconductors & Semiconductor Equipment - 3.0%** | **Semiconductors & Semiconductor Equipment - 3.0%** |
|  Broadcom, Inc.<br>5.00%, 04/15/2030 (Callable 01/15/2030) | 2500000 | 2547342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/2031 (Callable 09/15/2031) | 5500000 | 5644264 |
|  |  | 8191606 |
|  **Software - 9.8%** | **Software - 9.8%** | **Software - 9.8%** |
|  Adobe, Inc., 4.80%, 04/04/2029 (Callable 03/04/2029) | 700000 | 711497 |
|  Intuit, Inc., 5.20%, 09/15/2033 (Callable 06/15/2033) | 2500000 | 2544882 |
|  Oracle Corp.<br>2.65%, 07/15/2026 (Callable 05/01/2026) | 2234000 | 2221870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 11/09/2029 (Callable 09/09/2029) | 3000000 | 3094340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/06/2033 (Callable 11/06/2032) | 3000000 | 2846117 |
|  Roper Technologies, Inc.<br>4.75%, 02/15/2032 (Callable 12/15/2031) | 3500000 | 3456390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/2034 (Callable 07/15/2034) | 6000000 | 5799322 |

---

------

---

| | | |
|:---|:---|:---|
|  Trimble, Inc., 6.10%, 03/15/2033 (Callable 12/15/2032) | 6000000 | 6282853 |
|  |  | 26957271 |
|  **Specialized REITs - 4.4%** | **Specialized REITs - 4.4%** | **Specialized REITs - 4.4%** |
|  American Tower Corp.<br>3.38%, 10/15/2026 (Callable 07/15/2026) | 4030000 | 4007026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/2028 (Callable 06/15/2028) | 4200000 | 4273219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/15/2032 (Callable 12/15/2031) | 4050000 | 3882902 |
|  |  | 12163147 |
|  **Specialty Retail - 4.8%** | **Specialty Retail - 4.8%** | **Specialty Retail - 4.8%** |
|  O'Reilly Automotive, Inc.<br>4.35%, 06/01/2028 (Callable 03/01/2028) | 2125000 | 2127880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/2030 (Callable 01/01/2030) | 2325000 | 2299929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/15/2032 (Callable 03/15/2032) | 2750000 | 2733890 |
|  Tractor Supply Co., 5.25%, 05/15/2033 (Callable 02/15/2033) | 5925000 | 6022140 |
|  |  | 13183839 |
|  **TOTAL CORPORATE BONDS** (Cost $216,478,933) | **TOTAL CORPORATE BONDS** (Cost $216,478,933) | 217202352 |
| **U.S. TREASURY SECURITIES - 13.1%** | **Par** | **Value** |
|  United States Treasury Note/Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/2026 | 1000000 | 1000852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/2026 | 500000 | 502581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/2027 | 2300000 | 2317250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 09/30/2027 | 400000 | 401680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/31/2029 | 2000000 | 2008438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/2030 | 4000000 | 4013672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/2031 | 2500000 | 2657812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/30/2031 | 3500000 | 3518936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/2032 | 8500000 | 8508301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2033 | 3000000 | 3064160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/2034 | 3000000 | 2961621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/2034 | 5000000 | 5002539 |
|  **TOTAL U.S. TREASURY SECURITIES** (Cost $36,007,425) | **TOTAL U.S. TREASURY SECURITIES** (Cost $36,007,425) | 35957842 |
| **U.S. GOVERNMENT SPONSORED ENTITIES - 6.8%** | **Par** | **Value** |
|  Federal Home Loan Banks<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/26/2026 <sup>(a)</sup> | 2500000 | 2493222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 10/28/2026 (Callable 04/28/2026) <sup>(a)</sup> | 3000000 | 2985460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/25/2027 (Callable 04/25/2026) <sup>(a)</sup> | 2500000 | 2489565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/29/2027 | 1750000 | 1767524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/16/2028 (Callable 05/16/2026) <sup>(a)</sup> | 3000000 | 2901954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 06/27/2029 (Callable 04/08/2026) | 4000000 | 3868626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 12/15/2033 (Callable 06/15/2026) <sup>(a)</sup> | 2500000 | 2295667 |
|  **TOTAL U.S. GOVERNMENT SPONSORED ENTITIES** (Cost $19,230,745) | **TOTAL U.S. GOVERNMENT SPONSORED ENTITIES** (Cost $19,230,745) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18802018 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.3%** | **Shares** | **Value** |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58% <sup>(b)</sup> | 881656 | 881656 |
|  **TOTAL MONEY MARKET FUNDS** (Cost $881,656) |  | 881656 |
|  **TOTAL INVESTMENTS - 99.1% (**Cost $272,598,759**)** |  | 272843868 |
|  Other Assets in Excess of Liabilities - 0.9% |  | 2449489 |
|  **TOTAL NET ASSETS - 100.0%** |  | $275293357 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

LLC - Limited Liability Company

REIT - Real Estate Investment Trust

The Global Industry Classification Standard ("GICS<sup>®</sup>") 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.

(a) Step coupon bond. The rate disclosed is as of March 31, 2026.

(b) The rate shown represents the 7-day annualized yield as of
March 31, 2026.

------

**Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)** 

LKCM Fixed Income Fund (the "Fund") has adopted fair value accounting standards which establish a 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, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | $– | $217202352 | $– | $217202352 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Securities |  | 35957842 |  | 35957842 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Sponsored Entities |  | 18802018 |  | 18802018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | 881656 |  |  | 881656 |
|  Total Investments | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881656 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271962212 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272843868 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

---

| | | |
|:---|:---|:---|
| **Sector Classification as of March 31, 2026** | **Sector Classification as of March 31, 2026** | |
| **(% of Net Assets)** | **(% of Net Assets)** | **(% of Net Assets)** |
|  Industrials | $40556750 | 14.8% |
|  Information Technology | 35148877 | 12.8 |
|  Health Care | 32182921 | 11.7 |
|  Energy | 24331010 | 8.8 |
|  Communication Services | 20105524 | 7.2 |
|  U.S. Government Sponsored Entities | 18802018 | 6.8 |
|  Financials | 18374532 | 6.7 |
|  Consumer Discretionary | 18140170 | 6.6 |
|  Real Estate | 12163147 | 4.4 |
|  Utilities | 4573962 | 1.7 |
|  Materials | 2492913 | 0.9 |
|  Consumer Staples | 2205169 | 0.8 |
|  Money Market Funds | 881656 | 0.3 |
|  Other Assets in Excess of Liabilities | 45334708 | 16.5 |
|  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275293357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% |

---

## 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 Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000004606

- **c. LEI of Series:** 549300NMV6O6X39QKV64

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $275683561.27

**Total Liabilities:** $390205.60

**Net Assets:** $275293355.67

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 4842.313598000000 | **1-Year:** 10918.538787000000 | **5-Year:** 57657.069263000000 | **10-Year:** 30744.340487000000 | **30-Year:** 1.303097000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012574 | 0.09%                | 0.94%                | -1.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2973.62                | $-479157.50                                |
| Month 2  | $5000.00                 | $1823296.65                                |
| Month 3  | $1104.90                 | $-4325884.97                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BROADCOM INC                   | Broadcom Inc                          | CUSIP: 11135FBD2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2547341.75   | 0.93%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                   | CUSIP: 03027XBW9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $3882901.50   | 1.41%             | 2032-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY         | ConocoPhillips Co                     | CUSIP: 20826FBF2<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2035496.94   | 0.74%             | 2033-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp                      | CUSIP: 26441CBT1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1969693.98   | 0.72%             | 2032-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks               | CUSIP: 3130AMGT3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | SN               | USGSE             | US        |   2500000 | PA      | $2493221.80   | 0.91%             | 2026-05-26      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                             | CUSIP: 682680BE2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2126747.42   | 0.77%             | 2031-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                           | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3094339.62   | 1.12%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                           | CUSIP: 68389XCP8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2846117.10   | 1.03%             | 2033-02-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC          | Republic Services Inc                 | CUSIP: 760759BC3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3032953.38   | 1.10%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC          | Republic Services Inc                 | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4052618.16   | 1.47%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group Inc                | CUSIP: 91324PEU2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3993997.64   | 1.45%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CULLEN/FROST BANKERS INC       | Cullen/Frost Bankers Inc              | CUSIP: 229899AB5<br>LEI: 529900V2E9G9AY665O34 | Long             | DBT              | CORP              | US        |   3942000 | PA      | $3971565.00   | 1.44%             | 2027-03-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks               | CUSIP: 3130APLH6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | SN               | USGSE             | US        |   3000000 | PA      | $2901953.70   | 1.05%             | 2028-11-16      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks               | CUSIP: 3130AQJQ7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | SN               | USGSE             | US        |   2500000 | PA      | $2489564.88   | 0.90%             | 2027-01-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                   | CUSIP: 46625HQW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3500000.00   | 1.27%             | 2026-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                     | Ecolab Inc                            | CUSIP: 278865BE9<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508260.63    | 0.18%             | 2030-03-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC             | Meta Platforms Inc                    | CUSIP: 30303M8M7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2996788.68   | 1.09%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks               | CUSIP: 3130APKJ3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | SN               | USGSE             | US        |   3000000 | PA      | $2985459.84   | 1.08%             | 2026-10-28      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks               | CUSIP: 3130AQ3W1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | SN               | USGSE             | US        |   2500000 | PA      | $2295666.85   | 0.83%             | 2033-12-15      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                    | Netflix Inc                           | CUSIP: 64110LAZ9<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017006.58   | 0.73%             | 2034-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp                              | CUSIP: 75513ECU3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4148129.68   | 1.51%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO              | Tractor Supply Co                     | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |   5925000 | PA      | $6022140.49   | 2.19%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3064160.16   | 1.11%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                     | Intuit Inc                            | CUSIP: 46124HAG1<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2544881.63   | 0.92%             | 2033-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CHH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1000851.79   | 0.36%             | 2026-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $502581.41    | 0.18%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CLZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $3518935.56   | 1.28%             | 2031-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO        | Bristol-Myers Squibb Co               | CUSIP: 110122EG9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3084899.37   | 1.12%             | 2031-02-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                  | CUSIP: 26138EAU3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2205169.26   | 0.80%             | 2026-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp                      | CUSIP: 26441CBZ7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2604267.50   | 0.95%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks               | CUSIP: 3130AGME2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   4000000 | PA      | $3868626.56   | 1.41%             | 2029-06-27      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                   | CUSIP: 46625HRS1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    636000 | PA      | $634660.13    | 0.23%             | 2026-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES            | Abbott Laboratories                   | CUSIP: 002824BG4<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196772.88    | 0.07%             | 2036-11-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                   | Stryker Corp                          | CUSIP: 863667BE0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2490256.65   | 0.90%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRIMBLE INC                    | Trimble Inc                           | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6282853.20   | 2.28%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 912810FP8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2657812.50   | 0.97%             | 2031-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8500000 | PA      | $8508300.76   | 3.09%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC           | Waste Management Inc                  | CUSIP: 94106LCB3<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5838835.64   | 2.12%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC             | Meta Platforms Inc                    | CUSIP: 30303M8L9<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2527114.98   | 0.92%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                              | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1987370.22   | 0.72%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                   | CUSIP: 03027XCC2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4273218.68   | 1.55%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                             | CUSIP: 031162CJ7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994242.36    | 0.36%             | 2026-08-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                  | CUSIP: 06051GFL8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4997987.05   | 1.82%             | 2026-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                   | Chevron Corp                          | CUSIP: 166764BL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998485.25    | 0.36%             | 2026-05-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc               | CUSIP: 67103HAG2<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2127879.55   | 0.77%             | 2028-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                           | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2234000 | PA      | $2221869.76   | 0.81%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                | CUSIP: 776696AH9<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3456390.18   | 1.26%             | 2032-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5799321.84   | 2.11%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC       | Thermo Fisher Scientific Inc          | CUSIP: 883556CX8<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4081875.36   | 1.48%             | 2033-08-10      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CHR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4013671.88   | 1.46%             | 2030-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CKR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2300000 | PA      | $2317250.00   | 0.84%             | 2027-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc            | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1484000 | PA      | $1483276.82   | 0.54%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc            | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2882621.43   | 1.05%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                     | AbbVie Inc                            | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4087005.28   | 1.48%             | 2031-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                      | Adobe Inc                             | CUSIP: 00724PAF6<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711497.47    | 0.26%             | 2029-04-04      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                   | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   4030000 | PA      | $4007026.34   | 1.46%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                             | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5649317.41   | 2.05%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO        | Arthur J Gallagher & Co               | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5270320.34   | 1.91%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                          | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5644264.56   | 2.05%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION       | Devon Energy Corp                     | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3987825.40   | 1.45%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $401679.69    | 0.15%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CFT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2008437.50   | 0.73%             | 2029-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2961621.09   | 1.08%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond      | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5002539.05   | 1.82%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC           | Waste Management Inc                  | CUSIP: 94106LBT5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   2370000 | PA      | $2393067.94   | 0.87%             | 2030-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC             | Meta Platforms Inc                    | CUSIP: 30303M8U9<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1977980.32   | 0.72%             | 2034-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc               | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2299929.53   | 0.84%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp                              | CUSIP: 75513ECR0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2806803.78   | 1.02%             | 2033-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                   | Stryker Corp                          | CUSIP: 863667BL4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7604553.45   | 2.76%             | 2030-02-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                              | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   4235000 | PA      | $4233364.57   | 1.54%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC          | Accenture Capital Inc                 | CUSIP: 00440KAD5<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1936566.78   | 0.70%             | 2034-10-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EMERSON ELECTRIC CO            | Emerson Electric Co                   | CUSIP: 291011BT0<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | DBT              | CORP              | US        |   8475000 | PA      | $8539890.28   | 3.10%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks               | CUSIP: 3130ATEN3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1750000 | PA      | $1767524.59   | 0.64%             | 2027-09-29      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                     | Ecolab Inc                            | CUSIP: 278865AV2<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1984652.68   | 0.72%             | 2026-11-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER       | Enterprise Products Operating LLC     | CUSIP: 29379VBT9<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4990809.75   | 1.81%             | 2028-10-16      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC              | Kinder Morgan Inc                     | CUSIP: 49456BAX9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   7300000 | PA      | $7426818.23   | 2.70%             | 2033-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC              | L3Harris Technologies Inc             | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   5525000 | PA      | $5674191.80   | 2.06%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC              | L3Harris Technologies Inc             | CUSIP: 502431AS8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4070259.52   | 1.48%             | 2029-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc               | CUSIP: 67103HAL1<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2733889.57   | 0.99%             | 2032-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                             | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2514891.90   | 0.91%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                             | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5240745.20   | 1.90%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Po | Invesco Government & Agency Portfolio | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    881656 | NS      | $881656.22    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORP                | McDonald's Corp                       | CUSIP: 58013MFP4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4956331.30   | 1.80%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-05

**Name of Applicant:** LKCM Funds

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

**Name of Signer:** LKCM Funds

**Title:** Chief Financial Officer