Federated Kaufmann Fund Class B Shares
Information as of 07/31/2010
Benchmark Russell Midcap Growth Index Assets (Portfolio) $6,724,018,206 Assets (Share Class) $474,035,339 Symbol KAUBX Fund Number(s) 67 Newspaper Listing KaufmnB CUSIP 314172669 Performance Inception Date 02/21/1986 Fiscal Year-End 10/31 Current Prospectus Date 12/31/2009 Fund Description The fund seeks to provide investors with capital appreciation by investing principally in stocks of small to mid-sized companies that are reasonably priced and exhibit positive growth characteristics.		Key Investment Team Members Hans P. Utsch Lawrence E. Auriana Jonathan Art Mark Bauknight John Leibee Jonathan E. Gold Morningstar Category Mid-Cap Growth Morningstar Style Investment Objective Capital appreciation Investment Concentration Primarily small and mid-size companies that exhibit positive growth characteristics
Performance data quoted represents past performance which is no guarantee of future results.
Marketing Literature Product Profile — Kaufmann Fund View detailed portfolio information.
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. Investors should carefully consider the fund’s investment objectives, risks, charges and expenses before investing. To obtain a prospectus, or if available, a summary prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the prospectus or the summary prospectus before investing. For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary. Federated Securities Corp., Distributor
Not FDIC Insured May Lose Value No Bank Guarantee

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