Federated Hermes Kaufmann Fund
Federated Hermes Equity Funds · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Federated Hermes Kaufmann Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
The Funds investment objective is to provide capital appreciation.
The fund pursues capital appreciation by selecting small- and medium-sized companies through a bottom-up, growth-oriented process, with up to 30% of assets allocated to foreign securities. The fund may use derivatives and hybrid instruments to adjust portfolio exposure or hedge risk. Concentration in a particular country or group of countries may increase exposure to the risks of those markets.
| Share class | Gross | Net |
|---|---|---|
| KAUAX | 1.96% | 1.96% |
| KAUCX | 2.46% | 2.46% |
| KAUFX | 2.21% | 1.96% |
| KAUIX | 1.46% | 1.46% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 28.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 95.72% |
| Cash & short-term | 2.98% |
| Derivatives | 1.35% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 26.9% |
| Health Care | 16.8% |
| Information Technology | 16.7% |
| International | 15.0% |
| 9 smaller | 24.7% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +13.81% | +43.48% | +5.83% | 14.21% | -14.97% | |
| — | — | — | — | — | |
| +13.04% | +41.39% | +3.01% | 14.10% | -14.95% | |
| +13.75% | +43.59% | +5.76% | 14.17% | -14.92% | |
| +14.40% | +45.69% | +8.48% | 14.40% | -14.75% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| PWR | QUANTA SERVICES INCPWR | 5.92% | $727.77 | $276.19M | 379.5K |
| GEV | GE VERNOVA INCGEV | 4.03% | $1,083.46 | $187.87M | 173.4K |
| FIX | COMFORT SYSTEMS USA INCFIX | 3.20% | $1,840.25 | $149.06M | 81.0K |
| — | FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | 2.98% | — | $138.77M | — |
| — | Argenx SE | 2.90% | $782.39 | $135.39M | 173.0K |
| GE | GE AEROSPACEGE | 2.37% | $289.93 | $110.61M | 381.5K |
| AMZN | AMAZON.COM INCAMZN | 1.93% | $265.06 | $90.12M | 340.0K |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTDTSM | 1.89% | $396.06 | $88.32M | 223.0K |
| WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPWAB | 1.77% | $269.89 | $82.56M | 305.9K |
| KLAC | KLA CORPKLAC | 1.73% | $1,750.35 | $80.52M | 46.0K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 28.73% of net assets, top 25 49.26%, across 153 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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