Mutual funds are subject to risks and fluctuate in value.
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. Accordingly, for periods prior to that date, the performance information is that of the Kaufmann Fund, adjusted to reflect the maximum sales charge or contingent deferred sales charge and expenses applicable to the fund’s Class A, B and C shares.
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.
Past performance is no guarantee of future results.
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.
"Category" product classifications noted at the top are Federated's internal classifications.
Federated Securities Corp., Distributor
|Not FDIC Insured ||May Lose Value ||No Bank Guarantee |