Kaufmann Large Cap Fund

ticker K L C S XMutual FundsLarge Cap

Overview

 
AT A GLANCE
Portfolio
Assets
April 30 2019
$3.4 B
YTD Return NAV
May 27 2019
20.80%
Equity
Gross
Expenses
0.87%
Net
Expenses
0.78%
STRATEGY

Seeks capital appreciation by investing primarily in securities of large-cap companies traded on national security exchanges, the NASDAQ stock market and on the over-the-counter market.

KEY FACTS
Key Facts - Part 1
Symbol ticker K L C S X
Benchmark Russell 1000® Growth Index
Key Facts - Part 2
Fund Number(s)
401
CUSIP 3 1 4 1 7 2 1 3 1
Performance Incp. Date December 5 2007
MORNINGSTAR CATEGORY & STYLE
Category
Large Growth
Style
Large Growth
INVESTMENT GOALS Retirement
Growth
MANAGERS
Hans Utsch
Senior Portfolio Manager
Head of Kaufmann Growth Equity Team

joined Federated
57 years of experience
Tom Brakel, M.D.
Senior Portfolio Manager
Senior Investment Analyst

joined Federated
22 years of experience
Jonathan Art
Senior Portfolio Manager
Senior Investment Analyst

joined Federated
38 years of experience
Mark Bauknight
Senior Portfolio Manager
Senior Investment Analyst

joined Federated
26 years of experience
John Ettinger, CFA
Senior Portfolio Manager

joined Federated
25 years of experience
Barbara Miller
Vice President
Portfolio Manager
Senior Investment Analyst

joined Federated
27 years of experience
Stephen DeNichilo, CFA
Portfolio Manager
Senior Investment Analyst

joined Federated
21 years of experience
Vivian Wohl
Vice President
Portfolio Manager
Senior Investment Analyst

joined Federated
35 years of experience
Steven Abrahamson
Senior Investment Analyst

joined Federated
28 years of experience

Performance

Characteristics

DISCLOSURES

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Commentary

Documents

 
DISCLOSURES

1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated’s website.

2 disclosure Form N-Q represents the first or third fiscal quarter end portfolio holdings, whichever is most recent, and is filed with the SEC 60 days following the end of the month representing the fund's fiscal first or third quarter. Portfolio holdings for a fund's second and fourth quarters are available in the shareholder reports.

double dagger disclosure PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

Standard Performance

 
DISCLOSURES

dagger disclosure The funds expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the funds Advisor and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 01/01/2020 or the date of the funds next effective prospectus.

Prior to January 2, 2008, the fund’s initial seed capital was held as a cash position. In addition, the fund’s adviser waived fees and reimbursed expenses. In the absence of these circumstances, performance would have been lower.

Total returns for periods of less than one year are cumulative.

The fund's R6 share commenced operations on December 30, 2013. For the period prior to the commencement of operations of the R6, the R6 performance information shown is for the Institutional Share adjusted to reflect the expenses of the fund's R6 for each year for which the fund's R6 Shares expenses would have exceeded the actual expenses paid by the fund's Institutional Shares.

Total return may have been lower in the absence of temporary expense waivers or reimbursements.

Investing in IPOs involves special risks such as limited liquidity and increased volatility.

International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

Mutual funds are subject to risks and fluctuate in value.

Product classifications noted at the top are Federated's internal classifications.

The holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. Because this is a managed portfolio, the investment mix will change.

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.

Current and future portfolio holdings are subject to risk.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

2519066699