Federated Hermes Kaufmann Small Cap Fund
Federated Hermes Equity Funds · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Federated Hermes Kaufmann Small Cap 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 invests primarily in common stocks of small-capitalization companies—those within the rolling 36-month market capitalization ranges of the Russell 2000, S&P Small Cap 600, or MSCI USA Small Cap Index—using a bottom-up, growth-oriented selection process. It maintains at least 80% of net assets in small-cap stocks, may allocate up to 30% to foreign securities, and may use derivatives and securities lending to implement its strategy. Because individual stock picks drive returns rather than index replication, performance depends on the adviser's security selection.
| Share class | Gross | Net |
|---|---|---|
| FKASX | 1.51% | 1.36% |
| FKCSX | 2.04% | 2.02% |
| FKKSX | 1.67% | 1.36% |
| FKAIX | 1.02% | 0.90% |
| FKALX | 0.93% | 0.89% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 38.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.70% |
| Derivatives | 1.68% |
| Cash & short-term | 1.67% |
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 | 29.4% |
| Health Care | 20.4% |
| International | 17.0% |
| Information Technology | 11.1% |
| 9 smaller | 22.1% |
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 |
|---|---|---|---|---|---|
| +23.91% | +38.91% | -3.26% | 15.95% | -17.97% | |
| — | — | — | — | — | |
| +23.07% | +36.22% | -6.32% | 15.92% | -18.13% | |
| +23.88% | +38.95% | -3.19% | 15.93% | -17.97% | |
| +24.45% | +40.84% | -1.01% | 15.95% | -17.83% | |
| +24.42% | +40.81% | -1.01% | 15.93% | -17.82% |
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 |
|---|---|---|---|---|---|
| FIX | COMFORT SYSTEMS USA INCFIX | 5.32% | $1,840.25 | $153.11M | 83.2K |
| — | Argenx SE | 3.19% | $782.39 | $91.67M | 117.2K |
| — | Camtek Ltd/Israel | 3.06% | $191.92 | $88.09M | 459.0K |
| ATI | ATI INCATI | 2.86% | $155.46 | $82.18M | 528.6K |
| SITM | SITIME CORPSITM | 2.17% | $562.15 | $62.40M | 111.0K |
| ULS | UL SOLUTIONS INCULS | 2.07% | $90.49 | $59.47M | 657.2K |
| — | BE Semiconductor Industries NV | 1.90% | $292.31 | $54.60M | 186.8K |
| — | VIKING HOLDINGS LTD | 1.85% | $81.91 | $53.24M | 650.0K |
| GH | GUARDANT HEALTH INCGH | 1.85% | $87.08 | $53.12M | 610.0K |
| CTRI | CENTURI HOLDINGS INCCTRI | 1.77% | $37.60 | $50.97M | 1.4M |
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 26.03% of net assets, top 25 46.52%, across 160 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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