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Federated Kaufmann Fund

KAUAX

Asset Class: Equity
Category: Mid Cap
Prices as of 12-09-2018
NAV ($) 5.22
NAV Change ($) 0.00
MOP ($) 5.52
   
YTD Total Returns as of 12-09-2018
NAV (%) 7.33

Average Annual Total Returns - Net Asset Value (NAV) (%)
Before Taxes as of 11-30-2018
1 Yr.
Ann.
3 Yr.
Ann.
5 Yr.
Ann.
10 Yr.
Ann.
Since
Inception
12.74 13.05 11.79 14.56 12.08

Before Taxes as of 09-30-2018
1 Yr.
Ann.
3 Yr.
Ann.
5 Yr.
Ann.
10 Yr.
Ann.
Since
Inception
27.85 19.79 15.43 12.07 12.44

Average Annual Total Returns - Maximum Offering Price (MOP) (%)
Before Taxes as of 11-30-2018
1 Yr.
Ann.
3 Yr.
Ann.
5 Yr.
Ann.
10 Yr.
Ann.
Since
Inception
6.54 10.94 10.53 13.92 11.89

Before Taxes as of 09-30-2018
1 Yr.
Ann.
3 Yr.
Ann.
5 Yr.
Ann.
10 Yr.
Ann.
Since
Inception
20.82 17.56 14.13 11.44 12.24

Expense Ratios (%)§ as of 11-30-2018
Gross Expense Ratio (Before Waivers) 2.03
Net Expense Ratio (After Waivers) 1.98

30-Day Yields as of 11-30-2018
Net Asset Value (NAV) Maximum Offering Price (MOP)
30-Day
Yield
Unsub.
30-Day
Yield
30-Day
Yield
Unsub.
30-Day
Yield

30-Day Yields as of 09-30-2018
Net Asset Value (NAV) Maximum Offering Price (MOP)
30-Day
Yield
Unsub.
30-Day
Yield
30-Day
Yield
Unsub.
30-Day
Yield

The fund’s Institutional Shares commenced operations on December 29, 2016. For period prior to the commencement of operations for the Institutional Shares, the performance information shown is for R Shares adjusted to remove any voluntary waiver of fund expenses related to the fund's R Shares that occurred during the period prior to the commencement of the fund's Institutional Shares.

Current performance may be lower or higher than what is stated.

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.

Offering price figures reflect the maximum sales charge of 5.5% for A Shares. See the prospectus for other fees and expenses that apply to a continued investment in the fund.


§ The fund’s expense ratio is from the most recent prospectus. Pursuant to a settlement agreement, the expense ratio reflects a voluntary reduction of the management fee, from its stated, gross management fee, continuing until June 30, 2022. Additionally, the expense ratio reflects voluntary fee waivers and/or expense reimbursements determined by the fund’s Advisor and/or its affiliates. The voluntary waivers and/or expense reimbursements are in effect up to but not including the later of 01/01/2019 or the date of the fund’s next effective prospectus.

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

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.

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.

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.

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.

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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