Federated Hermes Kaufmann Small Cap Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Federated Hermes Kaufmann Small Cap Fund held 160 positions with $2.88B in net assets. Its ten largest holdings made up 26.0% of the fund. The FKASX share class costs 1.36% a year. Over the 12 months to May 2026, FKASX returned 23.2%, with dividends reinvested. In 2026 Q3 it added 15 new positions and exited 27.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
5.32% | $153.11M | 83.2K | $1,840.25 | |
Argenx SE | 3.19% | $91.67M | 117.2K | $782.39 |
Camtek Ltd/Israel | 3.06% | $88.09M | 459.0K | $191.92 |
ATIATI INC | 2.86% | $82.18M | 528.6K | $155.46 |
SITMSITIME CORP | 2.17% | $62.40M | 111.0K | $562.15 |
2.07% | $59.47M | 657.2K | $90.49 | |
BE Semiconductor Industries NV | 1.90% | $54.60M | 186.8K | $292.31 |
VIKING HOLDINGS LTD | 1.85% | $53.24M | 650.0K | $81.91 |
1.85% | $53.12M | 610.0K | $87.08 | |
1.77% | $50.97M | 1.4M | $37.60 |
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.
All 160 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.70% |
| Derivatives | 1.68% |
| Cash & short-term | 1.67% |
Derivatives are shown at market value, not notional exposure.
By sector
- Industrials
- 25.1%
- Health Care
- 23.6%
- International
- 17.6%
- Information Technology
- 13.1%
- 9 other sectors
- 20.6%
- Industrials
- 25.1%
- Health Care
- 23.6%
- International
- 17.6%
- Information Technology
- 13.1%
- Consumer Discretionary
- 4.3%
- Consumer Staples
- 3.8%
- Financials
- 3.5%
- Real Estate
- 3.1%
- Other
- 2.5%
- Cash
- 1.6%
- Energy
- 1.4%
- Materials
- 0.3%
- Communication Services
- 0.2%
How it has done
FKASX share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.79%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.36% | +23.18% | +47.26% | +4.89% | -17.97% | |
| — | — | — | — | — | |
| 2.02% | +22.35% | +44.43% | +1.56% | -18.13% | |
| 1.36% | +23.18% | +47.29% | +4.94% | -17.97% | |
| 0.90% | +23.74% | +49.33% | +7.33% | -17.83% | |
| 0.89% | +23.72% | +49.29% | +7.32% | -17.82% |
Fees & fund details
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
- Expense ratio, by class
- 0.89% – 2.02%· FKASX 1.36%
- Portfolio turnover
- 38.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
15 new· the largest 8
27 exited· the largest 8
Understand how this fund fits with the rest.
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