# EDGAR Filing Document

**Accession Number:** 0000918942
**File Stem:** 0000894189-26-014406
**Filing Date:** 2026-5
**Character Count:** 33560
**Document Hash:** 94bbd66f6bd00e44d7bf9fe3840005cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-014406.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0000894189-26-014406

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**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
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08352
- **FILM NUMBER:** 26942021

**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 INTERNATIONAL EQUITY FUND (Series ID: S000065295)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000211353 | LKCM International Equity Fund | LKINX           |

## Nport-Ex

**LKCM International Equity Fund** 

**Schedule of Investments** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 88.8%** | **Shares** | **Value** |
|  **<u>Australia</u> - 1.8%** |  |  |
|  **Capital Markets - 1.8%** |  |  |
|  Macquarie Group Ltd. | 11836 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681385 |
|  **<u>Canada</u> - 9.0%** |  |  |
|  **Banks - 2.2%** |  |  |
|  Royal Bank of Canada | 12857 | 2078414 |
|  **Ground Transportation - 2.1%** |  |  |
|  Canadian Pacific Kansas City Ltd. | 24583 | 1934513 |
|  **Oil, Gas & Consumable Fuels - 4.7%** |  |  |
|  Cameco Corp. | 20960 | 2279368 |
|  Canadian Natural Resources Ltd. | 43903 | 2141656 |
|  |  | 4421024 |
|  **Total Canada** |  | 8433951 |
|  **<u>Finland</u> - 1.9%** |  |  |
|  **Banks - 1.9%** |  |  |
|  Nordea Bank Abp | 105105 | 1802859 |
|  **<u>France</u> - 12.4%** |  |  |
|  **Aerospace & Defense - 1.5%** |  |  |
|  Safran SA | 4244 | 1388768 |
|  **Chemicals - 2.2%** |  |  |
|  Air Liquide SA | 10171 | 2102341 |
|  **Commercial Services & Supplies - 2.1%** |  |  |
|  Elis SA | 70147 | 1986463 |
|  **Electrical Equipment - 1.9%** |  |  |
|  Schneider Electric SA | 6468 | 1761773 |
|  **IT Services - 0.9%** |  |  |
|  Capgemini SE | 6766 | 798381 |
|  **Personal Care Products - 2.0%** |  |  |
|  L'Oreal SA | 4497 | 1836091 |
|  **Textiles, Apparel & Luxury Goods - 1.8%** |  |  |
|  LVMH Moet Hennessy Louis Vuitton SE | 3098 | 1693529 |
|  Total France |  | 11567346 |
|  **<u>Germany</u> - 11.4%** |  |  |
|  **Diversified Telecommunication Services - 2.2%** |  |  |
|  Deutsche Telekom AG | 54528 | 2035173 |
|  **Insurance - 2.1%** |  |  |
|  Allianz SE | 4709 | 1988708 |
|  **Semiconductors & Semiconductor Equipment - 2.1%** |  |  |
|  Infineon Technologies AG | 43287 | 1963773 |
|  **Software - 3.1%** |  |  |
|  Nemetschek SE | 16870 | 1262894 |
|  SAP SE | 9892 | 1686423 |
|  |  | 2949317 |
|  **Textiles, Apparel & Luxury Goods - 1.9%** |  |  |
|  Adidas AG | 10837 | 1754050 |
|  **Total Germany** |  | 10691021 |

---

------

---

| | | |
|:---|:---|:---|
|  **<u>Ireland</u> - 1. 7%** |  |  |
|  **Construction Materials - 1.7%** |  |  |
|  CRH PLC | 15479 | 1627152 |
|  **<u>Italy</u> - 2.1%** |  |  |
|  **Pharmaceuticals - 1.5%** |  |  |
|  Recordati Industria Chimica e Farmaceutica SpA | 24501 | 1402899 |
|  **Textiles, Apparel & Luxury Goods - 0.6%** |  |  |
|  Moncler SpA | 9372 | 564277 |
|  **Total Italy** |  | 1967176 |
|  **<u>Japan</u> - 4.6%** |  |  |
|  **Chemicals - 2.2%** |  |  |
|  Shin-Etsu Chemical Co. Ltd. | 50057 | 2038261 |
|  **Insurance - 2.4%** |  |  |
|  Tokio Marine Holdings, Inc. | 47951 | 2250867 |
|  Total Japan |  | 4289128 |
|  **<u>Netherlands</u> - 7.7%** |  |  |
|  **Banks - 2.2%** |  |  |
|  ING Groep NV | 78413 | 2035351 |
|  **Capital Markets - 2.1%** |  |  |
|  Euronext NV <sup>(a)</sup> | 12068 | 1937912 |
|  **Food Products - 0.1%** |  |  |
|  Magnum Ice Cream Co. NV <sup>(b)</sup> | 5173 | 76124 |
|  **Professional Services - 0.6%** |  |  |
|  Wolters Kluwer NV | 7600 | 567634 |
|  **Semiconductors & Semiconductor Equipment - 2.7%** |  |  |
|  ASML Holding NV | 1907 | 2535858 |
|  **Total Netherlands** |  | 7152879 |
|  **<u>Norway</u> - 2.3%** |  |  |
|  **Diversified Telecommunication Services - 2.3%** |  |  |
|  Telenor ASA | 121174 | 2137946 |
|  **<u>Spain</u> - 1.6%** |  |  |
|  **Machinery - 1.6%** |  |  |
|  Fluidra SA | 65537 | 1520213 |
|  **<u>Sweden</u> - 1.9%** |  |  |
|  **Financial Services - 1.9%** |  |  |
|  Investor AB <sup>(b)</sup> | 45816 | 1735269 |
|  **<u>Switzerland</u> - 10.4%** |  |  |
|  **Beverages - 2.1%** |  |  |
|  Coca-Cola HBC AG | 34767 | 1958385 |
|  **Capital Markets - 2.0%** |  |  |
|  Julius Baer Group Ltd. | 25092 | 1845617 |
|  **Electrical Equipment - 2.0%** |  |  |
|  ABB Ltd. | 23792 | 1934479 |
|  **Health Care Equipment & Supplies - 2.0%** |  |  |
|  Alcon AG | 24983 | 1888471 |
|  **Life Sciences Tools & Services - 2.3%** |  |  |
|  Lonza Group AG | 3327 | 2134332 |
|  **Total Switzerland** |  | 9761284 |

---

------

---

| | | |
|:---|:---|:---|
|  **<u>United Kingdom</u> - 20.0%** |  |  |
|  **Aerospace & Defense - 2.2%** |  |  |
|  BAE Systems PLC | 69935 | 2050377 |
|  **Banks - 2.0%** |  |  |
|  Barclays PLC | 355842 | 1862282 |
|  **Electronic Equipment, Instruments & Components - 2.3%** |  |  |
|  Halma PLC | 41526 | 2119090 |
|  **Hotels, Restaurants & Leisure - 3.6%** |  |  |
|  Compass Group PLC <sup>(b)</sup> | 59214 | 1652115 |
|  InterContinental Hotels Group PLC | 12685 | 1672833 |
|  |  | 3324948 |
|  **Oil, Gas & Consumable Fuels - 2.4%** |  |  |
|  Shell PLC | 48337 | 2238716 |
|  **Personal Care Products - 1.4%** |  |  |
|  Unilever PLC | 24757 | 1359136 |
|  **Pharmaceuticals - 4.4%** |  |  |
|  AstraZeneca PLC | 10956 | 2142323 |
|  Haleon PLC | 390041 | 1930298 |
|  |  | 4072621 |
|  **Software - 0.2%** |  |  |
|  Sage Group PLC | 19115 | 214190 |
|  **Trading Companies & Distributors - 1.5%** |  |  |
|  Diploma PLC | 17558 | 1401857 |
|  **Total United Kingdom** |  | 18643217 |
|  **TOTAL COMMON STOCKS** (Cost $61,362,293) |  | 83010826 |
| **PREFERRED STOCKS - 2.1%** | **Shares** | **Value** |
|  **<u>Germany</u> - 2.1%** |  |  |
|  **Life Sciences Tools & Services - 2.1%** |  |  |
|  Sartorius AG, 0.00% | 7719 | 1931432 |
|  **TOTAL PREFERRED STOCKS** (Cost $2,002,006) |  | 1931432 |
|  **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 8.8%** | **Shares** | **Value** |
|  Fidelity Government Portfolio - Institutional Class, 3.53% <sup>(c)</sup> | 2726876 | 2726876 |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58% <sup>(c)</sup> | 2732293 | 2732293 |
|  MSILF Government Portfolio - Institutional Class, 3.57% <sup>(c)</sup> | 2732292 | 2732292 |
|  **TOTAL MONEY MARKET FUNDS** (Cost $8,191,461) |  | 8191461 |
|  **TOTAL INVESTMENTS - 99.7%** (Cost $71,555,760**)** |  | 93133719 |
|  Other Assets in Excess of Liabilities - 0.3% |  | 323081 |
|  **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93456800 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

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) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended.
These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of March 31, 2026, the value of these securities total $1,937,912 or 2.1% of the Fund's net assets.

(b) Non-income producing security.

(c) 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 International Equity 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> |  |  |  |  |
|  <u>Common Stocks:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | $– | $1681385 | $– | $1681385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | 8433951 |  |  | 8433951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finland |  | 1802859 |  | 1802859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 11567346 |  | 11567346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 10691021 |  | 10691021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland | 1627152 |  |  | 1627152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 1967176 |  | 1967176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 4289128 |  | 4289128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 7152879 |  | 7152879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norway |  | 2137946 |  | 2137946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 1520213 |  | 1520213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden |  | 1735269 |  | 1735269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 9761284 |  | 9761284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 18643217 |  | 18643217 |
|  Common Stocks - Total | 10061103 | 72949723 |  | 83010826 |
|  <u>Preferred Stocks</u>: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany | $– | $1931432 | $– | $1931432 |
|  Preferred Stocks - Total |  | 1931432 |  | 1931432 |
|  Money Market Funds | 8191461 |  |  | 8191461 |
|  Total Investments | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18252564 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74881155 | $&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;93133719 |

---

**Allocation of Portfolio Holdings by Country as of March 31, 2026** 

**(% of Net Assets)** 

---

| | | |
|:---|:---|:---|
|  United Kingdom | $18643217 | 20.0% |
|  Germany | 12622453 | 13.5 |
|  France | 11567346 | 12.4 |
|  Switzerland | 9761284 | 10.4 |
|  Canada | 8433951 | 9.0 |
|  Netherlands | 7152879 | 7.7 |
|  Japan | 4289128 | 4.6 |
|  Norway | 2137946 | 2.3 |
|  Italy | 1967176 | 2.1 |
|  Finland | 1802859 | 1.9 |
|  Sweden | 1735269 | 1.9 |
|  Australia | 1681385 | 1.8 |
|  Ireland | 1627152 | 1.7 |
|  Spain | 1520213 | 1.6 |
|  United States | 8191461 | 8.8 |
|  Other Assets in Excess of Liabilities | 323081 | 0.3 |
|  | $**93456800** | **100.0%** |

---

------

**Sector Classification as of March 31, 2026** 

**(% of Net Assets)** 

---

| | | |
|:---|:---|:---|
|  Financials | $19218664 | 20.6% |
|  Industrials | 14546077 | 15.5 |
|  Health Care | 11429755 | 12.3 |
|  Information Technology | 10580609 | 11.3 |
|  Consumer Discretionary | 7336804 | 7.9 |
|  Energy | 6659740 | 7.1 |
|  Materials | 5767754 | 6.1 |
|  Consumer Staples | 5229736 | 5.6 |
|  Communication Services | 4173119 | 4.5 |
|  Money Market Funds | 8191461 | 8.8 |
|  Other Assets in Excess of Liabilities | 323081 | 0.3 |
|  | $**93456800** | **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 International Equity Fund

- **b. EDGAR series identifier (if any):** S000065295

- **c. LEI of Series:** 549300MMILTZ5UBGDE52

**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:** $93706172.97

**Total Liabilities:** $249356.41

**Net Assets:** $93456816.56

**Cash Not Reported:** $46107.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211353 | 3.68%                | 4.53%                | -6.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $176.76                  | $2688829.91                                |
| Month 2  | $499427.45               | $3040960.25                                |
| Month 3  | $-174474.23              | $-6666817.05                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nemetschek SE                  | Nemetschek SE                                  | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |     16870 | NS      | $1262894.31   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                            | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     54528 | NS      | $2035172.89   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                    | Moncler SpA                                    | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |      9372 | NS      | $564277.32    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                 | Lonza Group AG                                 | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |      3327 | NS      | $2134332.39   | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd          | Julius Baer Group Ltd                          | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |     25092 | NS      | $1845616.92   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     10956 | NS      | $2142322.77   | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                    | Telenor ASA                                    | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |    121174 | NS      | $2137946.21   | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   2732292 | NS      | $2732292.50   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc      | Tokio Marine Holdings Inc                      | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     47951 | NS      | $2250866.61   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd      | Shin-Etsu Chemical Co Ltd                      | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     50057 | NS      | $2038261.61   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                        | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     23792 | NS      | $1934479.14   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd            | Macquarie Group Ltd                            | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |     11836 | NS      | $1681385.15   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The             | Sage Group PLC/The                             | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |     19115 | NS      | $214189.73    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG               | Coca-Cola HBC AG                               | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     34767 | NS      | $1958385.14   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group  | InterContinental Hotels Group PLC              | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |     12685 | NS      | $1672832.64   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co NV/The     | Magnum Ice Cream Co NV/The                     | CUSIP: N/A<br>LEI: 25490052LLF3XH6G9847       | Long             | EC               | CORP              | NL        |      5173 | NS      | $76124.15     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                                   | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     24757 | NS      | $1359135.67   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                                   | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     78413 | NS      | $2035351.00   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                        | CRH PLC                                        | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |     15479 | NS      | $1627152.48   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                | BAE Systems PLC                                | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     69935 | NS      | $2050376.88   | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                   | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    355842 | NS      | $1862281.72   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   2726876 | NS      | $2726875.90   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                                     | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      4497 | NS      | $1836091.17   | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                          | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      6468 | NS      | $1761772.70   | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                     | Allianz SE                                     | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      4709 | NS      | $1988707.96   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                       | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |     43287 | NS      | $1963773.37   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Po | Invesco Government & Agency Portfolio          | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   2732292 | NS      | $2732292.50   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor AB                    | Investor AB                                    | CUSIP: W5R777115<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     45816 | NS      | $1735268.99   | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                     | Haleon PLC                                     | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    390041 | NS      | $1930298.72   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                      | Shell PLC                                      | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     48337 | NS      | $2238716.14   | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE            | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      3098 | NS      | $1693528.68   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluidra SA                     | Fluidra SA                                     | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |     65537 | NS      | $1520212.81   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Elis SA                        | Elis SA                                        | CUSIP: N/A<br>LEI: 969500UX71LCE8MAY492       | Long             | EC               | CORP              | FR        |     70147 | NS      | $1986463.05   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                | Nordea Bank Abp                                | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    105105 | NS      | $1802859.11   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                    | Diploma PLC                                    | CUSIP: N/A<br>LEI: 2138008OGI7VYG8FGR19       | Long             | EC               | CORP              | GB        |     17558 | NS      | $1401856.78   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                      | Halma PLC                                      | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |     41526 | NS      | $2119090.32   | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                    | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     20960 | NS      | $2279367.98   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     43903 | NS      | $2141655.94   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada           | Royal Bank of Canada                           | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     12857 | NS      | $2078414.32   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                      | adidas AG                                      | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |     10837 | NS      | $1754049.89   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                   | Capgemini SE                                   | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |      6766 | NS      | $798381.52    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                         | SAP SE                                         | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      9892 | NS      | $1686422.43   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV              | Wolters Kluwer NV                              | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      7600 | NS      | $567633.48    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                   | Sartorius AG                                   | CUSIP: N/A<br>LEI: 529900EQV2DY4FOAMU38       | Long             | EP               | CORP              | DE        |      7719 | NS      | $1931432.20   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                      | Safran SA                                      | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      4244 | NS      | $1388767.91   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Recordati Industria Chimica e  | Recordati Industria Chimica e Farmaceutica SpA | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |     24501 | NS      | $1402898.61   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                 | Air Liquide SA                                 | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |     10171 | NS      | $2102340.61   | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                                | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      1907 | NS      | $2535858.14   | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC              | Compass Group PLC                              | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     59214 | NS      | $1652115.20   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                       | Alcon AG                                       | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |     24983 | NS      | $1888470.69   | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd               | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     24583 | NS      | $1934512.98   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                    | Euronext NV                                    | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |     12068 | NS      | $1937911.76   | 2.07%             |  |  |  | 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