Kaufmann Fund

ticker K A U I X Mutual Funds . Mid Cap .


June 30 2024
$4.9 B
YTD Return NAV
July 16 2024

Seeks capital appreciation by investing principally in common stocks of small and medium-sized companies that are traded on national securities exchanges, the NASDAQ stock market and on the over-the-counter market.

Key Facts - Part 1
Symbol ticker K A U I X
Benchmark Russell Midcap® Growth Index
Key Facts - Part 2
Fund Number(s)
CUSIP 3 1 4 2 1 N 8 7 3
Performance Incp. Date January 1 2006
Mid-Cap Growth
Medium Growth
John Ettinger, CFA
Senior Vice President
Senior Portfolio Manager
Co-Head of Kaufmann Group

joined Federated Hermes
30 years of experience
Hans Utsch
Senior Vice President
Senior Portfolio Manager
Co-Head of Kaufmann Group

joined Federated Hermes
62 years of experience
Tom Brakel, M.D.
Vice President
Senior Portfolio Manager

joined Federated Hermes
27 years of experience
Mark Bauknight
Vice President
Senior Portfolio Manager

joined Federated Hermes
31 years of experience
Barbara Miller
Vice President
Senior Portfolio Manager

joined Federated Hermes
32 years of experience
Stephen DeNichilo, CFA
Vice President
Senior Portfolio Manager

joined Federated Hermes
26 years of experience
Steven Abrahamson
Vice President
Senior Portfolio Manager

joined Federated Hermes
33 years of experience
Aditi Singhania, Ph.D.
Vice President
Senior Investment Analyst
Portfolio Manager

joined Federated Hermes
11 years of experience




For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.




1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is made available on Federated Hermes' website.

2 disclosure Each fiscal quarter, the Fund will file with the SEC a complete schedule of its monthly portfolio holdings on “Form N-PORT.” The Fund’s holdings as of the end of the third month of every fiscal quarter, as reported on Form N-PORT, will be publicly available on the SEC’s website at www.sec.gov within 60 days of the end of the fiscal quarter upon filing.

Distributions and Taxes

Standard Performance


dagger disclosure The fund's expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the fund's Advisor and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 01/01/2025 or the date of the fund's next effective prospectus.

The fund’s Institutional Shares commenced operations on December 29, 2016. For period prior to the commencement of operations for the Institutional Shares, the performance information shown is for R Shares adjusted to remove any voluntary waiver of fund expenses related to the fund's R Shares that occurred during the period prior to the commencement of the fund's Institutional Shares.

Total returns for periods of less than one year are cumulative.

Total return may have been lower in the absence of temporary expense waivers or reimbursements.

Investing in IPOs involves special risks such as limited liquidity and increased volatility.

The fund is the successor to the Kaufmann Fund, Inc. ("Kaufmann Fund") pursuant to a reorganization that took place on April 23, 2001. Prior to that date, the fund had no investment operations.

International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.

Small company stocks may be less liquid and subject to greater price volatility than large capitalization stocks.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

Mutual funds are subject to risks and fluctuate in value.

Product classifications noted at the top are Federated Hermes' internal classifications.

The holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. Because this is a managed portfolio, the investment mix will change.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Current and future portfolio holdings are subject to risk.

Mutual funds are subject to risks and fluctuate in value.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee