Share Class | Ticker |
A | KAUAX |
B | KAUBX |
C | KAUCX |
R | KAUFX |
Institutional | KAUIX |
|
A |
B |
C |
R |
IS |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
|
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds,
as applicable) |
|
|
|
|
|
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of
offering price) |
|
|
|
|
|
Redemption Fee (as a percentage of amount redeemed, if applicable) |
|
|
|
|
|
Exchange Fee |
|
|
|
|
|
|
A |
B |
C |
R |
IS |
Management Fee1 |
|
|
|
|
|
Distribution (12b-1) Fee |
|
|
|
|
|
Other Expenses |
|
|
|
|
|
Acquired Fund Fees and Expenses |
|
|
|
|
|
Total Annual Fund Operating Expenses1 |
|
|
|
|
|
Fee Waivers and/or Expense Reimbursements1,2 |
( |
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
|
|
|
|
|
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
A: |
|
|
|
|
Expenses assuming redemption |
$741 |
$1,140 |
$1,564 |
$2,739 |
Expenses assuming no redemption |
$741 |
$1,140 |
$1,564 |
$2,739 |
B: |
|
|
|
|
Expenses assuming redemption |
$807 |
$1,190 |
$1,550 |
$2,741 |
Expenses assuming no redemption |
$257 |
$790 |
$1,350 |
$2,741 |
C: |
|
|
|
|
Expenses assuming redemption |
$357 |
$790 |
$1,350 |
$2,741 |
Expenses assuming no redemption |
$257 |
$790 |
$1,350 |
$2,741 |
R: |
|
|
|
|
Expenses assuming redemption |
$226 |
$697 |
$1,195 |
$2,565 |
Expenses assuming no redemption |
$226 |
$697 |
$1,195 |
$2,565 |
IS: |
|
|
|
|
Expenses assuming redemption |
$157 |
$486 |
$839 |
$1,835 |
Expenses assuming no redemption |
$157 |
$486 |
$839 |
$1,835 |
Share Class |
1 Year |
5 Years |
10 Years |
A: |
|
|
|
Return Before Taxes |
( |
|
|
B: |
|
|
|
Return Before Taxes |
( |
|
|
C: |
|
|
|
Return Before Taxes |
|
|
|
R: |
|
|
|
Return Before Taxes |
|
|
|
Return After Taxes on Distributions |
|
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
|
IS: |
|
|
|
Return Before Taxes |
|
|
|
Russell Midcap® Growth Index1
(reflects no deduction for fees, expenses or taxes) |
|
|
|
Morningstar Mid-Cap Growth Funds Average2 |
|
|
|
|
Minimum
Initial/Subsequent
Investment
Amounts1
|
Maximum Sales Charges | |
Shares Offered |
Front-End
Sales Charge2
|
Contingent
Deferred
Sales Charge3
| |
A |
$1,500/$100 |
5.50% |
0.00% |
B |
$1,500/$100 |
None |
5.50% |
C |
$1,500/$100 |
None |
1.00% |
Shares Offered |
Minimum
Initial/Subsequent
Investment
Amounts1
|
Front-End
Sales
Charge |
Maximum Sales Charge | |
Contingent
Deferred
Sales Charge |
Redemption/
Exchange
Fee | |||
R |
$1,500/$100 |
None |
None |
None |
A: |
|
|
Purchase Amount |
Sales Charge
as a Percentage
of Public
Offering Price |
Sales Charge
as a Percentage
of NAV |
Less than $50,000 |
5.50% |
5.82% |
$50,000 but less than $100,000 |
4.50% |
4.71% |
$100,000 but less than $250,000 |
3.75% |
3.90% |
$250,000 but less than $500,000 |
2.50% |
2.56% |
$500,000 but less than $1 million |
2.00% |
2.04% |
$1 million or greater1
|
0.00% |
0.00% |
A: |
|
|
If you make a purchase of the A class in the amount of $1 million or more and your financial intermediary received an advance commission on the sale, you will
pay a 0.75% CDSC on any such Shares redeemed within 24 months of the purchase. | ||
B: |
|
|
Shares Held Up To: |
|
CDSC |
1 Year |
|
5.50% |
2 Years |
|
4.75% |
3 Years |
|
4.00% |
4 Years |
|
3.00% |
5 Years |
|
2.00% |
6 Years |
|
1.00% |
7 Years or More |
|
0.00% |
C: |
|
|
You will pay a 1.00% CDSC if you redeem Shares within 12 months of the purchase date. |
A: |
|
Purchase Amount |
Dealer Reallowance
as a Percentage of
Public Offering Price |
Less than $50,000 |
5.00% |
$50,000 but less than $100,000 |
4.00% |
$100,000 but less than $250,000 |
3.25% |
$250,000 but less than $500,000 |
2.25% |
$500,000 but less than $1 million |
1.80% |
$1 million or greater |
0.00% |
A (for purchases over $1 million): |
|
Purchase Amount |
Advance Commission
as a Percentage of
Public Offering Price |
First $1 million - $5 million |
0.75% |
Next $5 million - $20 million |
0.50% |
Over $20 million |
0.25% |
B: |
|
|
Advance Commission
as a Percentage of
Public Offering Price |
All Purchase Amounts |
Up to 5.00% |
C: |
|
|
Advance Commission
as a Percentage of
Public Offering Price |
All Purchase Amounts |
1.00% |
Investment Team Member |
Business Experience |
Primary Role in Fund Management |
Hans P. Utsch |
Member of Fund’s Investment Team since February 1986; Senior Portfolio
Manager and Co-Head of Kaufmann Growth Equity Team; has been with the
Adviser or an affiliate since 2001; formerly Chairman of the Board and
Secretary of Edgemont Asset Management Corp., and President and Portfolio
Manager to The Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund)
from 1984-2001; B.A., Amherst College; M.B.A., Columbia University. |
Senior Portfolio Manager; sets investment
strategy; security selection; and team
oversight |
John Ettinger |
Member of the Fund’s Investment Team since May 2001; Senior Portfolio
Manager, Co-Head of the Kaufmann Growth Equity Team; has been with the
Adviser or an affiliate since 2001; formerly Investment Analyst with Edgemont
Asset Management Corp., Adviser to The Kaufmann Fund, Inc. (predecessor
to the Kaufmann Fund) from 1996-2001; B.A., Duke University; received
Chartered Financial Analyst designation. |
Senior Portfolio Manager; sets investment
strategy; security selection; and team
oversight |
Mark Bauknight |
Member of the Fund’s Investment Team since May 2001; Senior Portfolio
Manager; has been with the Adviser or an affiliate since 2001; formerly
Investment Analyst with Edgemont Asset Management Corp., Adviser to The
Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund) from 1997-2001;
Two B.A. degrees, University of North Carolina at Chapel Hill; M.B.A.,
University of Oxford. |
Senior Portfolio Manager; security selection;
research and analytical support |
Tom M. Brakel |
Member of the Fund’s Investment Team since October 2003; Senior Portfolio
Manager; has been with the Adviser or an affiliate since 2003; formerly
Analyst with New Vernon Associates from 2002-2003, BioPharma Fund from
2000-2002; Mehta Partners from 1998-1999; U.S. pharmaceutical experience
includes six years at Organon Inc.; M.D., Erasmus University, The Netherlands;
M.B.A., Stanford University. |
Senior Portfolio Manager; security selection;
research and analytical support |
Barbara Miller |
Member of the Fund’s Investment Team since April 2002; Portfolio Manager;
has been with the Adviser or an affiliate since 2002; formerly Vice President
and Equity Analyst with Goldman Sachs from 1999-2001 and Principal/Equity
Analyst with Alex Brown & Sons from 1992-1999; B.A., Brown University;
M.B.A., Harvard Business School. |
Portfolio Manager; security selection; research
and analytical support |
Investment Team Member |
Business Experience |
Primary Role in Fund Management |
Steven Abrahamson |
Member of the Fund’s Investment Team since May 2001; Portfolio Manager;
has been with the Adviser or an affiliate since 2001; formerly Investment
Analyst with Edgemont Asset Management Corp., Adviser to The Kaufmann
Fund, Inc. (predecessor to the Kaufmann Fund) since 2001; B.S., Bucknell
University; M.B.A., Duke University. |
Portfolio Manager; security selection; research
and analytical support |
Stephen DeNichilo |
Member of the Fund’s Investment team since February 2012; Portfolio
Manager; has been with the Adviser or an affiliate since 2012; formerly Senior
Research Analyst with ACK Asset Management, LLC from 2010-2012 and
Equity Research Analyst with Thomson, Horstmann & Bryant, Inc., from
2006-2010; B.S., Villanova University; M.B.A., Fordham University; received
Chartered Financial Analyst designation. |
Portfolio Manager; security selection; research
and analytical support |
Aditi Singhania |
Member of the Fund’s Investment Team since April 2018; Portfolio Manager;
has been with the Adviser or an affiliate since 2018; formerly Vice President,
Research Analyst, Pharmaceuticals Equity Research, J.P. Morgan Chase;
Biotech Equity Research Associate, Leerink Partners. Fachhochschule Bonn
Rhein Sieg, Germany (bachelor thesis conducted at Harvard University);
Ph.D., Columbia University. |
Portfolio Manager; security selection; research
and analytical support |
Assets Under Management |
Investment Advisory Fee |
Up to $8 billion |
1.275% |
$8 billion - $9 billion |
1.255% |
$9 billion - $10 billion |
1.235% |
$10 billion - $12 billion |
1.215% |
Excess of $12 billion |
1.205% |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$7.77 |
$6.80 |
$6.27 |
$6.03 |
$6.06 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.06) |
(0.10) |
(0.09) |
(0.05) |
(0.06) |
Net realized and unrealized gain (loss) |
(2.29) |
1.57 |
1.32 |
1.09 |
0.69 |
Total From Investment Operations |
(2.35) |
1.47 |
1.23 |
1.04 |
0.63 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(0.65) |
(0.50) |
(0.70) |
(0.80) |
(0.66) |
Net Asset Value, End of Period |
$4.77 |
$7.77 |
$6.80 |
$6.27 |
$6.03 |
Total Return2 |
(32.43)% |
22.37% |
21.52% |
19.52% |
11.64% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.95% |
1.92% |
1.94% |
1.95% |
1.95% |
Net investment income (loss) |
(1.09)% |
(1.41)% |
(1.38)% |
(0.81)% |
(1.02)% |
Expense waiver/reimbursement4 |
0.03% |
0.04% |
0.03% |
0.03% |
0.03% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$1,196,453 |
$2,023,577 |
$1,808,715 |
$1,629,524 |
$1,491,496 |
Portfolio turnover5 |
25% |
34% |
38% |
42% |
33% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$5.83 |
$5.24 |
$5.00 |
$4.99 |
$5.15 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.07) |
(0.11) |
(0.09) |
(0.06) |
(0.08) |
Net realized and unrealized gain (loss) |
(1.67) |
1.20 |
1.03 |
0.87 |
0.58 |
Total From Investment Operations |
(1.74) |
1.09 |
0.94 |
0.81 |
0.50 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(0.65) |
(0.50) |
(0.70) |
(0.80) |
(0.66) |
Net Asset Value, End of Period |
$3.44 |
$5.83 |
$5.24 |
$5.00 |
$4.99 |
Total Return2 |
(32.79)% |
21.73% |
21.10% |
18.88% |
11.11% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
2.44% |
2.42% |
2.44% |
2.45% |
2.46% |
Net investment income (loss) |
(1.61)% |
(1.92)% |
(1.87)% |
(1.32)% |
(1.54)% |
Expense waiver/reimbursement4 |
0.03% |
0.04% |
0.03% |
0.03% |
0.03% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$11,947 |
$31,147 |
$35,306 |
$41,483 |
$50,468 |
Portfolio turnover5 |
25% |
34% |
38% |
42% |
33% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$5.81 |
$5.22 |
$4.99 |
$4.99 |
$5.14 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.06) |
(0.11) |
(0.09) |
(0.06) |
(0.08) |
Net realized and unrealized gain (loss) |
(1.67) |
1.20 |
1.02 |
0.86 |
0.59 |
Total From Investment Operations |
(1.73) |
1.09 |
0.93 |
0.80 |
0.51 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(0.65) |
(0.50) |
(0.70) |
(0.80) |
(0.66) |
Net Asset Value, End of Period |
$3.43 |
$5.81 |
$5.22 |
$4.99 |
$4.99 |
Total Return2 |
(32.74)% |
21.80% |
20.96% |
18.69% |
11.36% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
2.45% |
2.42% |
2.44% |
2.45% |
2.46% |
Net investment income (loss) |
(1.60)% |
(1.92)% |
(1.87)% |
(1.31)% |
(1.56)% |
Expense waiver/reimbursement4 |
0.03% |
0.04% |
0.03% |
0.03% |
0.03% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$64,766 |
$139,690 |
$141,074 |
$135,883 |
$144,284 |
Portfolio turnover5 |
25% |
34% |
38% |
42% |
33% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$7.79 |
$6.82 |
$6.28 |
$6.04 |
$6.07 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.06) |
(0.11) |
(0.09) |
(0.05) |
(0.06) |
Net realized and unrealized gain (loss) |
(2.29) |
1.58 |
1.33 |
1.09 |
0.69 |
Total From Investment Operations |
(2.35) |
1.47 |
1.24 |
1.04 |
0.63 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(0.65) |
(0.50) |
(0.70) |
(0.80) |
(0.66) |
Net Asset Value, End of Period |
$4.79 |
$7.79 |
$6.82 |
$6.28 |
$6.04 |
Total Return2 |
(32.34)% |
22.30% |
21.64% |
19.48% |
11.62% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.95% |
1.95% |
1.95% |
1.95% |
1.95% |
Net investment income (loss) |
(1.10)% |
(1.45)% |
(1.40)% |
(0.81)% |
(1.03)% |
Expense waiver/reimbursement4 |
0.27% |
0.25% |
0.25% |
0.26% |
0.27% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$3,428,775 |
$5,582,064 |
$4,848,579 |
$4,313,852 |
$3,877,851 |
Portfolio turnover5 |
25% |
34% |
38% |
42% |
33% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$8.03 |
$6.98 |
$6.39 |
$6.11 |
$6.10 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.03) |
(0.07) |
(0.06) |
(0.02) |
(0.03) |
Net realized and unrealized gain (loss) |
(2.37) |
1.62 |
1.35 |
1.10 |
0.70 |
Total From Investment Operations |
(2.40) |
1.55 |
1.29 |
1.08 |
0.67 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(0.65) |
(0.50) |
(0.70) |
(0.80) |
(0.66) |
Net Asset Value, End of Period |
$4.98 |
$8.03 |
$6.98 |
$6.39 |
$6.11 |
Total Return2 |
(31.97)% |
22.96% |
22.11% |
19.98% |
12.29% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.44% |
1.42% |
1.44% |
1.45% |
1.46% |
Net investment income (loss) |
(0.60)% |
(0.92)% |
(0.89)% |
(0.31)% |
(0.52)% |
Expense waiver/reimbursement4 |
0.03% |
0.04% |
0.03% |
0.03% |
0.03% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$390,516 |
$808,904 |
$640,411 |
$452,014 |
$325,596 |
Portfolio turnover5 |
25% |
34% |
38% |
42% |
33% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
FEDERATED HERMES KAUFMANN FUND - A CLASS | |||||
ANNUAL EXPENSE RATIO: 1.99% | |||||
MAXIMUM FRONT-END SALES CHARGE: 5.50% | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$472.50 |
$9,922.50 |
$740.89 |
$9,734.45 |
2 |
$9,734.45 |
$486.72 |
$10,221.17 |
$196.63 |
$10,027.46 |
3 |
$10,027.46 |
$501.37 |
$10,528.83 |
$202.55 |
$10,329.29 |
4 |
$10,329.29 |
$516.46 |
$10,845.75 |
$208.65 |
$10,640.20 |
5 |
$10,640.20 |
$532.01 |
$11,172.21 |
$214.93 |
$10,960.47 |
6 |
$10,960.47 |
$548.02 |
$11,508.49 |
$221.40 |
$11,290.38 |
7 |
$11,290.38 |
$564.52 |
$11,854.90 |
$228.06 |
$11,630.22 |
8 |
$11,630.22 |
$581.51 |
$12,211.73 |
$234.92 |
$11,980.29 |
9 |
$11,980.29 |
$599.01 |
$12,579.30 |
$242.00 |
$12,340.90 |
10 |
$12,340.90 |
$617.05 |
$12,957.95 |
$249.28 |
$12,712.36 |
Cumulative |
|
$5,419.17 |
|
$2,739.31 |
|
FEDERATED HERMES KAUFMANN FUND - B CLASS | |||||
ANNUAL EXPENSE RATIO: 2.54% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$257.12 |
$10,246.00 |
2 |
$10,246.00 |
$512.30 |
$10,758.30 |
$263.45 |
$10,498.05 |
3 |
$10,498.05 |
$524.90 |
$11,022.95 |
$269.93 |
$10,756.30 |
4 |
$10,756.30 |
$537.82 |
$11,294.12 |
$276.57 |
$11,020.90 |
5 |
$11,020.90 |
$551.05 |
$11,571.95 |
$283.37 |
$11,292.01 |
6 |
$11,292.01 |
$564.60 |
$11,856.61 |
$290.34 |
$11,569.79 |
7 |
$11,569.79 |
$578.49 |
$12,148.28 |
$297.49 |
$11,854.41 |
8 |
$11,854.41 |
$592.72 |
$12,447.13 |
$304.81 |
$12,146.03 |
Converts from Class B to Class A |
|
|
|
Annual Expense Ratio: 1.99% | |
9 |
$12,146.03 |
$607.30 |
$12,753.33 |
$245.34 |
$12,511.63 |
10 |
$12,511.63 |
$625.58 |
$13,137.21 |
$252.73 |
$12,888.23 |
Cumulative |
|
$5,594.76 |
|
$2,741.15 |
|
FEDERATED HERMES KAUFMANN FUND - C CLASS | |||||
ANNUAL EXPENSE RATIO: 2.54% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$257.12 |
$10,246.00 |
2 |
$10,246.00 |
$512.30 |
$10,758.30 |
$263.45 |
$10,498.05 |
3 |
$10,498.05 |
$524.90 |
$11,022.95 |
$269.93 |
$10,756.30 |
4 |
$10,756.30 |
$537.82 |
$11,294.12 |
$276.57 |
$11,020.90 |
5 |
$11,020.90 |
$551.05 |
$11,571.95 |
$283.37 |
$11,292.01 |
6 |
$11,292.01 |
$564.60 |
$11,856.61 |
$290.34 |
$11,569.79 |
7 |
$11,569.79 |
$578.49 |
$12,148.28 |
$297.49 |
$11,854.41 |
8 |
$11,854.41 |
$592.72 |
$12,447.13 |
$304.81 |
$12,146.03 |
Converts from Class C to Class A |
|
|
|
Annual Expense Ratio 1.99% | |
9 |
$12,146.03 |
$607.30 |
$12,753.33 |
$245.34 |
$12,511.63 |
10 |
$12,511.63 |
$625.58 |
$13,137.21 |
$252.73 |
$12,888.23 |
Cumulative |
|
$5,594.76 |
|
$2,741.15 |
|
FEDERATED HERMES KAUFMANN FUND - R CLASS | |||||
ANNUAL EXPENSE RATIO: 2.23% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$226.09 |
$10,277.00 |
2 |
$10,277.00 |
$513.85 |
$10,790.85 |
$232.35 |
$10,561.67 |
3 |
$10,561.67 |
$528.08 |
$11,089.75 |
$238.79 |
$10,854.23 |
4 |
$10,854.23 |
$542.71 |
$11,396.94 |
$245.40 |
$11,154.89 |
5 |
$11,154.89 |
$557.74 |
$11,712.63 |
$252.20 |
$11,463.88 |
6 |
$11,463.88 |
$573.19 |
$12,037.07 |
$259.19 |
$11,781.43 |
7 |
$11,781.43 |
$589.07 |
$12,370.50 |
$266.36 |
$12,107.78 |
8 |
$12,107.78 |
$605.39 |
$12,713.17 |
$273.74 |
$12,443.17 |
9 |
$12,443.17 |
$622.16 |
$13,065.33 |
$281.33 |
$12,787.85 |
10 |
$12,787.85 |
$639.39 |
$13,427.24 |
$289.12 |
$13,142.07 |
Cumulative |
|
$5,671.58 |
|
$2,564.57 |
|
FEDERATED HERMES KAUFMANN FUND - IS CLASS | |||||
ANNUAL EXPENSE RATIO: 1.54% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$156.66 |
$10,346.00 |
2 |
$10,346.00 |
$517.30 |
$10,863.30 |
$162.08 |
$10,703.97 |
3 |
$10,703.97 |
$535.20 |
$11,239.17 |
$167.69 |
$11,074.33 |
4 |
$11,074.33 |
$553.72 |
$11,628.05 |
$173.50 |
$11,457.50 |
5 |
$11,457.50 |
$572.88 |
$12,030.38 |
$179.50 |
$11,853.93 |
6 |
$11,853.93 |
$592.70 |
$12,446.63 |
$185.71 |
$12,264.08 |
7 |
$12,264.08 |
$613.20 |
$12,877.28 |
$192.13 |
$12,688.42 |
8 |
$12,688.42 |
$634.42 |
$13,322.84 |
$198.78 |
$13,127.44 |
9 |
$13,127.44 |
$656.37 |
$13,783.81 |
$205.66 |
$13,581.65 |
10 |
$13,581.65 |
$679.08 |
$14,260.73 |
$212.78 |
$14,051.58 |
Cumulative |
|
$5,854.87 |
|
$1,834.49 |
|
Share Class | Ticker |
A | KAUAX |
B | KAUBX |
C | KAUCX |
R | KAUFX |
Institutional | KAUIX |
|
Contents |
1 |
|
1 |
|
1 |
|
11 |
|
15 |
|
17 |
|
20 |
|
23 |
|
23 |
|
23 |
|
24 |
|
24 |
|
25 |
|
45 |
|
46 |
|
51 |
|
52 |
|
2022 |
2021 |
2020 | |||
|
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Class A Shares |
$473,053 |
$51,497 |
$928,658 |
$108,727 |
$1,175,351 |
$132,459 |
Class B Shares |
$7,464 |
7,464 |
$9,830 |
$9,830 |
$24,505 |
$24,505 |
Class C Shares |
$8,549 |
$8,549 |
$10,033 |
$10,033 |
$19,248 |
$19,248 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) for Past Five Years,
Other Directorships Held and Previous Position(s) |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
J. Christopher Donahue*
Birth Date: April 11, 1949
President and Trustee
Indefinite Term
Began serving: January 2000 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of the
Funds in the Federated Hermes Complex; President, Chief Executive
Officer and Director, Federated Hermes, Inc.; Chairman and Trustee,
Federated Investment Management Company; Trustee, Federated
Investment Counseling; Chairman and Director, Federated Global
Investment Management Corp.; Chairman and Trustee, Federated Equity
Management Company of Pennsylvania; Trustee, Federated Shareholder
Services Company; Director, Federated Services Company.
Previous Positions: President, Federated Investment Counseling; President
and Chief Executive Officer, Federated Investment Management Company,
Federated Global Investment Management Corp. and Passport
Research, Ltd.; Chairman, Passport Research, Ltd. |
$0 |
$0 |
John B. Fisher*
Birth Date: May 16, 1956
Trustee
Indefinite Term
Began serving: May 2016 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of
certain of the Funds in the Federated Hermes Complex; Director and Vice
President, Federated Hermes, Inc.; President, Director/Trustee and CEO,
Federated Advisory Services Company, Federated Equity Management
Company of Pennsylvania, Federated Global Investment Management
Corp., Federated Investment Counseling, Federated Investment
Management Company and Federated MDTA LLC; Director, Federated
Investors Trust Company.
Previous Positions: President and Director of the Institutional Sales
Division of Federated Securities Corp.; President and CEO of Passport
Research, Ltd.; Director and President, Technology, Federated
Services Company. |
$0 |
$0 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Trust and
Federated Hermes Complex
(past calendar year) |
John T. Collins
Birth Date: January 24, 1947
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee and Chair of the Board of
Directors or Trustees, of the Federated Hermes Complex; formerly,
Chairman and CEO, The Collins Group, Inc. (a private equity firm) (Retired).
Other Directorships Held: Director, KLX Energy Services Holdings, Inc.
(oilfield services); former Director of KLX Corp (aerospace).
Qualifications: Mr. Collins has served in several business and financial
management roles and directorship positions throughout his career.
Mr. Collins previously served as Chairman and CEO of The Collins Group,
Inc. (a private equity firm) and as a Director of KLX Corp. Mr. Collins serves
as Chairman Emeriti, Bentley University. Mr. Collins previously served as
Director and Audit Committee Member, Bank of America Corp.; Director,
FleetBoston Financial Corp.; and Director, Beth Israel Deaconess Medical
Center (Harvard University Affiliate Hospital). |
$6,835.65 |
$365,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Trust and
Federated Hermes Complex
(past calendar year) |
G. Thomas Hough
Birth Date: February 28, 1955
Trustee
Indefinite Term
Began serving: August 2015 |
Principal Occupations: Director or Trustee, Chair of the Audit Committee
of the Federated Hermes Complex; Retired.
Other Directorships Held: Director, Chair of the Audit Committee,
Equifax, Inc.; Lead Director, Member of the Audit and Nominating and
Corporate Governance Committees, Haverty Furniture Companies, Inc.;
formerly, Director, Member of Governance and Compensation Committees,
Publix Super Markets, Inc.
Qualifications: Mr. Hough has served in accounting, business management
and directorship positions throughout his career. Mr. Hough most recently
held the position of Americas Vice Chair of Assurance with Ernst &
Young LLP (public accounting firm). Mr. Hough serves on the President’s
Cabinet and Business School Board of Visitors for the University of
Alabama. Mr. Hough previously served on the Business School Board of
Visitors for Wake Forest University, and he previously served as an
Executive Committee member of the United States Golf Association. |
$6,465.98 |
$343,000 |
Maureen Lally-Green
Birth Date: July 5, 1949
Trustee
Indefinite Term
Began serving: August 2009 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Adjunct Professor Emerita of Law, Duquesne University School of
Law; formerly, Dean of the Duquesne University School of Law and
Professor of Law and Interim Dean of the Duquesne University School of
Law; formerly, Associate General Secretary and Director, Office of Church
Relations, Diocese of Pittsburgh.
Other Directorships Held: Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.).
Qualifications: Judge Lally-Green has served in various legal and business
roles and directorship positions throughout her career. Judge Lally-Green
previously held the position of Dean of the School of Law of Duquesne
University (as well as Interim Dean). Judge Lally-Green previously served as
a member of the Superior Court of Pennsylvania and as a Professor of Law,
Duquesne University School of Law. Judge Lally-Green was appointed by
the Supreme Court of Pennsylvania to serve on the Supreme Court’s Board
of Continuing Judicial Education and the Supreme Court’s Appellate Court
Procedural Rules Committee. Judge Lally-Green also currently holds the
positions on not for profit or for profit boards of directors as follows:
Director and Chair, UPMC Mercy Hospital; Regent, Saint Vincent Seminary;
Member, Pennsylvania State Board of Education (public); Director, Catholic
Charities, Pittsburgh; and Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.). Judge Lally-Green has held the positions
of: Director, Auberle; Director, Epilepsy Foundation of Western and Central
Pennsylvania; Director, Ireland Institute of Pittsburgh; Director, Saint
Thomas More Society; Director and Chair, Catholic High Schools of the
Diocese of Pittsburgh, Inc.; Director, Pennsylvania Bar Institute; Director,
Saint Vincent College; Director and Chair, North Catholic High School, Inc.;
Director and Vice Chair, Our Campaign for the Church Alive!, Inc.; and
Director, Saint Francis University. |
$5,835.83 |
$308,000 |
Thomas M. O’Neill
Birth Date: June 14, 1951
Trustee
Indefinite Term
Began serving: October 2006 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Sole Proprietor, Navigator Management Company (investment
and strategic consulting).
Other Directorships Held: None.
Qualifications: Mr. O’Neill has served in several business, mutual fund and
financial management roles and directorship positions throughout his
career. Mr. O’Neill serves as Director, Medicines for Humanity. Mr. O’Neill
previously served as Chief Executive Officer and President, Managing
Director and Chief Investment Officer, Fleet Investment Advisors; President
and Chief Executive Officer, Aeltus Investment Management, Inc.; General
Partner, Hellman, Jordan Management Co., Boston, MA; Chief Investment
Officer, The Putnam Companies, Boston, MA; Credit Analyst and Lending
Officer, Fleet Bank; Director and Consultant, EZE Castle Software
(investment order management software); Director, The Golisano Children’s
Museum of Naples, Florida; and Director, Midway Pacific (lumber). |
$5,835.83 |
$308,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Trust and
Federated Hermes Complex
(past calendar year) |
Madelyn A. Reilly
Birth Date: February 2, 1956
Trustee
Indefinite Term
Began serving: November 2020 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; formerly, Executive Vice President for Legal Affairs, General
Counsel and Secretary to the Board of Directors, Duquesne
University (Retired).
Other Directorships Held: None.
Qualifications: Ms. Reilly has served in various business and legal
management roles throughout her career. Ms. Reilly previously served as
Senior Vice President for Legal Affairs, General Counsel and Secretary to
the Board of Directors and Assistant General Counsel and Director of Risk
Management, Duquesne University. Prior to her work at Duquesne
University, Ms. Reilly served as Assistant General Counsel of Compliance
and Enterprise Risk as well as Senior Counsel of Environment, Health and
Safety, PPG Industries. Ms. Reilly currently serves as a member of the Board
of Directors of UPMC Mercy Hospital. |
$5,305.29 |
$280,000 |
P. Jerome Richey
Birth Date: February 23, 1949
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Management Consultant; Retired; formerly, Senior Vice
Chancellor and Chief Legal Officer, University of Pittsburgh and Executive
Vice President and Chief Legal Officer, CONSOL Energy Inc. (split into two
separate publicly traded companies known as CONSOL Energy Inc. and
CNX Resources Corp.).
Other Directorships Held: None.
Qualifications: Mr. Richey has served in several business and legal
management roles and directorship positions throughout his career.
Mr. Richey most recently held the positions of Senior Vice Chancellor and
Chief Legal Officer, University of Pittsburgh. Mr. Richey previously served as
Chairman of the Board, Epilepsy Foundation of Western Pennsylvania and
Chairman of the Board, World Affairs Council of Pittsburgh. Mr. Richey
previously served as Chief Legal Officer and Executive Vice President,
CONSOL Energy Inc. and CNX Gas Company; and Board Member, Ethics
Counsel and Shareholder, Buchanan Ingersoll & Rooney PC (a law firm). |
$5,835.83 |
$308,000 |
John S. Walsh
Birth Date: November 28, 1957
Trustee
Indefinite Term
Began serving: January 1999 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; President and Director, Heat Wagon, Inc. (manufacturer of
construction temporary heaters); President and Director, Manufacturers
Products, Inc. (distributor of portable construction heaters); President,
Portable Heater Parts, a division of Manufacturers Products, Inc.
Other Directorships Held: None.
Qualifications: Mr. Walsh has served in several business management roles
and directorship positions throughout his career. Mr. Walsh previously
served as Vice President, Walsh & Kelly, Inc. (paving contractors). |
$5,305.29 |
$280,000 |
Name
Birth Date
Address
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Previous Position(s) |
Lori A. Hensler
Birth Date: January 6, 1967
Treasurer
Officer since: April 2013 |
Principal Occupations: Principal Financial Officer and Treasurer of the Federated Hermes Complex; Senior Vice President,
Federated Administrative Services; Financial and Operations Principal for Federated Securities Corp.; and Assistant Treasurer,
Federated Investors Trust Company. Ms. Hensler has received the Certified Public Accountant designation.
Previous Positions: Controller of Federated Hermes, Inc.; Senior Vice President and Assistant Treasurer, Federated Investors
Management Company; Treasurer, Federated Investors Trust Company; Assistant Treasurer, Federated Administrative Services,
Federated Administrative Services, Inc., Federated Securities Corp., Edgewood Services, Inc., Federated Advisory Services
Company, Federated Equity Management Company of Pennsylvania, Federated Global Investment Management Corp.,
Federated Investment Counseling, Federated Investment Management Company, Passport Research, Ltd. and Federated MDTA,
LLC; Financial and Operations Principal for Federated Securities Corp., Edgewood Services, Inc. and Southpointe Distribution
Services, Inc. |
Peter J. Germain
Birth Date: September 3, 1959
CHIEF LEGAL OFFICER,
SECRETARY and EXECUTIVE
VICE PRESIDENT
Officer since: January 2005 |
Principal Occupations: Mr. Germain is Chief Legal Officer, Secretary and Executive Vice President of the Federated Hermes
Complex. He is General Counsel, Chief Legal Officer, Secretary and Executive Vice President, Federated Hermes, Inc.; Trustee
and Senior Vice President, Federated Investors Management Company; Trustee and President, Federated Administrative
Services; Director and President, Federated Administrative Services, Inc.; Director and Vice President, Federated Securities
Corp.; Director and Secretary, Federated Private Asset Management, Inc.; Secretary, Federated Shareholder Services Company;
and Secretary, Retirement Plan Service Company of America. Mr. Germain joined Federated Hermes, Inc. in 1984 and is a
member of the Pennsylvania Bar Association.
Previous Positions: Deputy General Counsel, Special Counsel, Managing Director of Mutual Fund Services, Federated Hermes,
Inc.; Senior Vice President, Federated Services Company; and Senior Corporate Counsel, Federated Hermes, Inc. |
Stephen Van Meter
Birth Date: June 5, 1975
CHIEF COMPLIANCE OFFICER
AND SENIOR VICE PRESIDENT
Officer since: July 2015 |
Principal Occupations: Senior Vice President and Chief Compliance Officer of the Federated Hermes Complex; Vice President
and Chief Compliance Officer of Federated Hermes, Inc. and Chief Compliance Officer of certain of its subsidiaries.
Mr. Van Meter joined Federated Hermes, Inc. in October 2011. He holds FINRA licenses under Series 3, 7, 24 and 66.
Previous Positions: Mr. Van Meter previously held the position of Compliance Operating Officer, Federated Hermes, Inc. Prior to
joining Federated Hermes, Inc., Mr. Van Meter served at the United States Securities and Exchange Commission in the positions
of Senior Counsel, Office of Chief Counsel, Division of Investment Management and Senior Counsel, Division of Enforcement. |
Stephen F. Auth
Birth Date: September 13, 1956
101 Park Avenue
41st Floor
New York, NY 10178
CHIEF INVESTMENT OFFICER
Officer since: November 2002 |
Principal Occupations: Stephen F. Auth is Chief Investment Officer of various Funds in the Federated Hermes Complex;
Executive Vice President, Federated Investment Counseling, Federated Global Investment Management Corp. and Federated
Equity Management Company of Pennsylvania.
Previous Positions: Executive Vice President, Federated Investment Management Company and Passport Research, Ltd.
(investment advisory subsidiary of Federated Hermes); Senior Vice President, Global Portfolio Management Services Division;
Senior Vice President, Federated Investment Management Company and Passport Research, Ltd.; Senior Managing Director and
Portfolio Manager, Prudential Investments. |
Director/Trustee Emeritus |
Compensation
From Fund
(past fiscal year) |
Total
Compensation
Paid to
Director/Trustee
Emeritus1
|
Peter E. Madden |
$1,150.69 |
$56,000.00 |
Charles F. Mansfield, Jr. |
$1,150.69 |
$56,000.00 |
Board
Committee |
Committee
Members |
Committee Functions |
Meetings Held
During Last
Fiscal Year |
Executive |
J. Christopher Donahue
John T. Collins
John S. Walsh |
In between meetings of the full Board, the Executive Committee generally may
exercise all the powers of the full Board in the management and direction of the
business and conduct of the affairs of the Trust in such manner as the Executive
Committee shall deem to be in the best interests of the Trust. However, the
Executive Committee cannot elect or remove Board members, increase or decrease
the number of Trustees, elect or remove any Officer, declare dividends, issue shares
or recommend to shareholders any action requiring shareholder approval. |
One |
Audit |
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
P. Jerome Richey |
The purposes of the Audit Committee are to oversee the accounting and financial
reporting process of the Fund, the Fund’s internal control over financial reporting
and the quality, integrity and independent audit of the Fund’s financial statements.
The Committee also oversees or assists the Board with the oversight of compliance
with legal requirements relating to those matters, approves the engagement and
reviews the qualifications, independence and performance of the Fund’s
independent registered public accounting firm, acts as a liaison between the
independent registered public accounting firm and the Board and reviews the Fund’s
internal audit function. |
Seven |
Nominating |
John T. Collins
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
Madelyn A. Reilly
P. Jerome Richey
John S. Walsh |
The Nominating Committee, whose members consist of all Independent Trustees,
selects and nominates persons for election to the Fund’s Board when vacancies
occur. The Committee will consider candidates recommended by shareholders,
Independent Trustees, officers or employees of any of the Fund’s agents or service
providers and counsel to the Fund. Any shareholder who desires to have an
individual considered for nomination by the Committee must submit a
recommendation in writing to the Secretary of the Fund, at the Fund’s address
appearing on the back cover of this SAI. The recommendation should include the
name and address of both the shareholder and the candidate and detailed
information concerning the candidate’s qualifications and experience. In identifying
and evaluating candidates for consideration, the Committee shall consider such
factors as it deems appropriate. Those factors will ordinarily include: integrity,
intelligence, collegiality, judgment, diversity, skill, business and other experience,
qualification as an “Independent Trustee,” the existence of material relationships
which may create the appearance of a lack of independence, financial or accounting
knowledge and experience and dedication and willingness to devote the time and
attention necessary to fulfill Board responsibilities. |
One |
Interested Board
Member Name |
Dollar Range of
Shares Owned in
Federated Hermes
Kaufmann Fund |
Aggregate
Dollar Range of
Shares Owned in
Federated Hermes Family of
Investment Companies |
J. Christopher Donahue |
Over $100,000 |
Over $100,000 |
John B. Fisher |
None |
Over $100,000 |
Independent Board
Member Name |
|
|
John T. Collins |
None |
Over $100,000 |
G. Thomas Hough |
Over $100,000 |
Over $100,000 |
Maureen Lally-Green |
$50,001- $100,000 |
Over $100,000 |
Thomas M. O’Neill |
None |
Over $100,000 |
Madelyn A. Reilly |
None |
Over $100,000 |
P. Jerome Richey |
None |
Over $100,000 |
John S. Walsh |
Over $100,000 |
Over $100,000 |
Types of Accounts Managed
by Hans Utsch |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.2 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by John Ettinger |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.2 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Mark Bauknight |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.2 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Thomas Brakel |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.2 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Barbara Miller |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.2 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Steven Abrahamson |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.2 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Stephen DeNichilo |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.2 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Aditi Singhania |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
0/$0 |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
0/$0 |
Administrative Services
Fee Rate |
Average Daily Net Assets
of the Investment Complex |
0.100% |
on assets up to $50 billion |
0.075% |
on assets over $50 billion |
For the Year Ended October 31 |
2022 |
2021 |
2020 |
Advisory Fee Earned |
$79,613,334 |
$108,451,481 |
$91,989,837 |
Advisory Fee Waived |
$1,082,020 |
$2,803,381 |
$664,112 |
Advisory Fee Reimbursed |
$553,235 |
$670,928 |
$1,139,704 |
Sub-Advisory Fee |
$65,282,934 |
$88,930,215 |
$75,431,666 |
Brokerage Commissions |
$3,736,800 |
$4,530,992 |
$4,636,012 |
Net Administrative Fee |
$4,823,182 |
$6,521,602 |
$5,534,921 |
Net 12b-1 Fee: |
|
|
|
Class A Shares |
$3,639,193 |
$4,951,928 |
$4,337,553 |
Class B Shares |
$139,531 |
$259,564 |
$292,254 |
Class C Shares |
$679,711 |
$1,111,307 |
$1,049,886 |
Class R Shares |
$10,596,299 |
$15,711,080 |
$12,727,449 |
Net Shareholder Services Fee: |
|
|
|
Class A Shares |
$3,629,157 |
$4,945,331 |
$4,337,025 |
Class B Shares |
$46,510 |
$86,521 |
$97,418 |
Class C Shares |
$226,571 |
$370,436 |
$349,962 |
Class R Shares |
$10,102,802 |
$13,461,864 |
$11,547,717 |
Gross income from securities lending activities |
$1,519,053 |
Fees and/or compensation for securities lending activities and related services |
|
Fees paid to securities lending agent from a revenue split |
(99,926) |
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not
included in the revenue split |
— |
Administrative fees not included in revenue split |
— |
Indemnification fee not included in revenue split |
— |
Rebate (paid to borrower) |
(519,782) |
Other fees not included in revenue split (specify) |
— |
Aggregate fees/compensation for securities lending activities |
$(619,708) |
Net income from securities lending activities |
$899,345 |
Share Class | Ticker |
A | KLCAX |
C | KLCCX |
R | KLCKX |
Institutional | KLCIX |
R6 | KLCSX |
|
A |
C |
R |
IS |
R6 |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
|
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds,
as applicable) |
|
|
|
|
|
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of
offering price) |
|
|
|
|
|
Redemption Fee (as a percentage of amount redeemed, if applicable) |
|
|
|
|
|
Exchange Fee |
|
|
|
|
|
|
A |
C |
R |
IS |
R6 |
Management Fee |
|
|
|
|
|
Distribution (12b-1) Fee |
|
|
|
|
|
Other Expenses |
|
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
|
Fee Waivers and/or Expense Reimbursements2 |
( |
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
|
|
|
|
|
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
A: |
|
|
|
|
Expenses assuming redemption |
$665 |
$907 |
$1,168 |
$1,914 |
Expenses assuming no redemption |
$665 |
$907 |
$1,168 |
$1,914 |
C: |
|
|
|
|
Expenses assuming redemption |
$299 |
$615 |
$1,057 |
$2,086 |
Expenses assuming no redemption |
$199 |
$615 |
$1,057 |
$2,086 |
R: |
|
|
|
|
Expenses assuming redemption |
$167 |
$517 |
$892 |
$1,944 |
Expenses assuming no redemption |
$167 |
$517 |
$892 |
$1,944 |
IS: |
|
|
|
|
Expenses assuming redemption |
$96 |
$300 |
$520 |
$1,155 |
Expenses assuming no redemption |
$96 |
$300 |
$520 |
$1,155 |
R6: |
|
|
|
|
Expenses assuming redemption |
$89 |
$278 |
$482 |
$1,073 |
Expenses assuming no redemption |
$89 |
$278 |
$482 |
$1,073 |
Share Class |
1 Year |
5 Years |
10 Years |
A: |
|
|
|
Return Before Taxes |
|
|
|
C: |
|
|
|
Return Before Taxes |
|
|
|
R: |
|
|
|
Return Before Taxes |
|
|
|
IS: |
|
|
|
Return Before Taxes |
|
|
|
Return After Taxes on Distributions |
|
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
|
R6: |
|
|
|
Return Before Taxes |
|
|
|
Russell 1000® Growth Index1
(reflects no deduction for fees, expenses or taxes) |
|
|
|
Morningstar Large Growth Funds Average2 |
|
|
|
|
Minimum
Initial/Subsequent
Investment
Amounts1
|
Maximum Sales Charges | |
Shares Offered |
Front-End
Sales Charge2
|
Contingent
Deferred
Sales Charge3
| |
A |
$1,500/$100 |
5.50% |
0.00% |
C |
$1,500/$100 |
None |
1.00% |
A: |
|
|
Purchase Amount |
Sales Charge
as a Percentage
of Public
Offering Price |
Sales Charge
as a Percentage
of NAV |
Less than $50,000 |
5.50% |
5.82% |
$50,000 but less than $100,000 |
4.50% |
4.71% |
$100,000 but less than $250,000 |
3.75% |
3.90% |
$250,000 but less than $500,000 |
2.50% |
2.56% |
$500,000 but less than $1 million |
2.00% |
2.04% |
$1 million or greater1
|
0.00% |
0.00% |
A: |
|
|
If you make a purchase of the A class in the amount of $1 million or more and your financial intermediary received an advance commission on the sale, you will
pay a 0.75% CDSC on any such Shares redeemed within 24 months of the purchase. | ||
C: |
|
|
You will pay a 1.00% CDSC if you redeem Shares within 12 months of the purchase date. |
A: |
|
Purchase Amount |
Dealer Reallowance
as a Percentage of
Public Offering Price |
Less than $50,000 |
5.00% |
$50,000 but less than $100,000 |
4.00% |
$100,000 but less than $250,000 |
3.25% |
$250,000 but less than $500,000 |
2.25% |
$500,000 but less than $1 million |
1.80% |
$1 million or greater |
0.00% |
A (for purchases over $1 million): |
|
Purchase Amount |
Advance Commission
as a Percentage of
Public Offering Price |
First $1 million - $5 million |
0.75% |
Next $5 million - $20 million |
0.50% |
Over $20 million |
0.25% |
C: |
|
|
Advance Commission
as a Percentage of
Public Offering Price |
All Purchase Amounts |
1.00% |
Investment Team Member |
Business Experience |
Primary Role in Fund Management |
Hans P. Utsch |
Member of Fund’s Investment Team since December 2007; Senior Portfolio
Manager and Co-Head of Kaufmann Growth Equity Team; has been with the
Adviser or an affiliate since 2001; formerly Chairman of the Board and
Secretary of Edgemont Asset Management Corp., and President and Portfolio
Manager to The Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund)
from 1984-2001; B.A., Amherst College; M.B.A., Columbia University. |
Senior Portfolio Manager; sets investment
strategy; security selection; and team
oversight |
Tom M. Brakel |
Member of the Fund’s Investment Team since December 2007; Senior
Portfolio Manager has been with the Adviser or an affiliate since 2003;
formerly Analyst with New Vernon Associates from 2002 to 2003, BioPharma
Fund from 2000 to 2002 and Mehta Partners from 1998 to 1999;
U.S. pharmaceutical experience includes six years at Organon Inc.; M.D.,
Erasmus University, The Netherlands; M.B.A., Stanford University. |
Senior Portfolio Manager; sets investment
strategy; security selection; research and
analytical support |
Investment Team Member |
Business Experience |
Primary Role in Fund Management |
John Ettinger |
Member of the Fund’s Investment Team since December 2007; Senior
Portfolio Manager and Co-Head of Kaufmann Growth Equity Team; has been
with the Adviser or an affiliate since 2001; formerly Investment Analyst with
Edgemont Asset Management Corp., Adviser to The Kaufmann Fund, Inc.
(predecessor to the Kaufmann Fund) from 1996-2001; B.A., Duke University;
received Chartered Financial Analyst designation. |
Senior Portfolio Manager; sets investment
strategy; security selection; and team
oversight |
Mark Bauknight |
Member of the Fund’s Investment Team since December 2007; Senior
Portfolio Manager has been with the Adviser or an affiliate since 2001;
formerly Investment Analyst with Edgemont Asset Management Corp.,
Adviser to The Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund) from
1997-2001; Two B.A. degrees, University of North Carolina at Chapel Hill;
M.B.A., University of Oxford. |
Senior Portfolio Manager; security selection;
research and analytical support |
Barbara Miller |
Member of the Fund’s Investment Team since December 2007; Portfolio
Manager has been with the Adviser or an affiliate since 2002; formerly Vice
President and Equity Analyst with Goldman Sachs from 1999-2001 and
Principal/Equity Analyst with Alex Brown & Sons from 1992-1999; B.A., Brown
University; M.B.A., Harvard Business School. |
Portfolio Manager; security selection; research
and analytical support |
Steven Abrahamson |
Member of the Fund’s Investment Team since December 2007; Portfolio
Manager has been with the Adviser or an affiliate since 2001; formerly
Investment Analyst with Edgemont Asset Management Corp., Adviser to The
Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund) since 2001; B.S.,
Bucknell University; M.B.A., Duke University. |
Portfolio Manager; security selection; research
and analytical support |
Stephen DeNichilo |
Member of the Fund’s Investment team since February 2012; Portfolio
Manager has been with the Adviser or an affiliate since 2012; formerly Senior
Research Analyst with ACK Asset Management, LLC from 2010 to 2012 and
Equity Research Analyst with Thomson, Horstmann & Bryant, Inc., from 2006
to 2010; B.S., Villanova University; M.B.A., Fordham University; received
Chartered Financial Analyst designation. |
Portfolio Manager; security selection; research
and analytical support |
Aditi Singhania |
Member of the Fund’s Investment team since April 2018; Portfolio Manager;
has been with the Adviser or an affiliate since 2018; formerly Vice President
Research Analyst, Pharmaceuticals Equity Research, J.P. Morgan Chase;
Biotech Equity Research Associate, Leerink Partners. Fachochschule Bonn
Rhein Sieg, Germany (bachelor thesis conducted at Harvard University); Ph.D.,
Columbia University |
Portfolio Manager; security selection; research
and analytical support |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$39.89 |
$31.46 |
$27.39 |
$24.76 |
$23.38 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.11) |
(0.21) |
(0.10) |
(0.07) |
(0.05) |
Net realized and unrealized gain (loss) |
(10.54) |
9.88 |
5.42 |
5.17 |
1.77 |
Total From Investment Operations |
(10.65) |
9.67 |
5.32 |
5.10 |
1.72 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(5.12) |
(1.24) |
(1.25) |
(2.47) |
(0.34) |
Net Asset Value, End of Period |
$24.12 |
$39.89 |
$31.46 |
$27.39 |
$24.76 |
Total Return2 |
(30.10)% |
31.46% |
20.14% |
22.76% |
7.45% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3
|
1.08% |
1.08% |
1.08% |
1.08% |
1.08% |
Net investment income (loss) |
(0.38)% |
(0.57)% |
(0.36)% |
(0.29)% |
(0.20)% |
Expense waiver/reimbursement4 |
0.10% |
0.08% |
0.09% |
0.10% |
0.11% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$598,065 |
$953,814 |
$741,584 |
$616,124 |
$539,812 |
Portfolio turnover5 |
15% |
28% |
24% |
19% |
35% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$35.18 |
$28.08 |
$24.76 |
$22.77 |
$21.69 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.29) |
(0.42) |
(0.29) |
(0.24) |
(0.22) |
Net realized and unrealized gain (loss) |
(9.11) |
8.76 |
4.86 |
4.70 |
1.64 |
Total From Investment Operations |
(9.40) |
8.34 |
4.57 |
4.46 |
1.42 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(5.12) |
(1.24) |
(1.25) |
(2.47) |
(0.34) |
Net Asset Value, End of Period |
$20.66 |
$35.18 |
$28.08 |
$24.76 |
$22.77 |
Total Return2 |
(30.66)% |
30.47% |
19.21% |
21.85% |
6.64% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.86% |
1.85% |
1.85% |
1.85% |
1.85% |
Net investment income (loss) |
(1.17)% |
(1.33)% |
(1.11)% |
(1.05)% |
(0.97)% |
Expense waiver/reimbursement4 |
0.09% |
0.08% |
0.09% |
0.09% |
0.09% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$167,622 |
$355,877 |
$372,382 |
$399,208 |
$387,474 |
Portfolio turnover5 |
15% |
28% |
24% |
19% |
35% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$37.27 |
$29.58 |
$25.92 |
$23.64 |
$22.42 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.20) |
(0.32) |
(0.20) |
(0.16) |
(0.14) |
Net realized and unrealized gain (loss) |
(9.75) |
9.25 |
5.11 |
4.91 |
1.70 |
Total From Investment Operations |
(9.95) |
8.93 |
4.91 |
4.75 |
1.56 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(5.12) |
(1.24) |
(1.25) |
(2.47) |
(0.34) |
Net Asset Value, End of Period |
$22.20 |
$37.27 |
$29.58 |
$25.92 |
$23.64 |
Total Return2 |
(30.38)% |
30.94% |
19.69% |
22.32% |
7.05% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.47% |
1.47% |
1.46% |
1.46% |
1.47% |
Net investment income (loss) |
(0.79)% |
(0.95)% |
(0.72)% |
(0.65)% |
(0.59)% |
Expense waiver/reimbursement4 |
0.16% |
0.13% |
0.14% |
0.14% |
0.14% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$42,626 |
$82,883 |
$76,374 |
$74,919 |
$70,350 |
Portfolio turnover5 |
15% |
28% |
24% |
19% |
35% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$41.40 |
$32.53 |
$28.21 |
$25.37 |
$23.89 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.05) |
(0.12) |
(0.03) |
(0.01) |
0.01 |
Net realized and unrealized gain (loss) |
(10.99) |
10.23 |
5.60 |
5.32 |
1.81 |
Total From Investment Operations |
(11.04) |
10.11 |
5.57 |
5.31 |
1.82 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(5.12) |
(1.24) |
(1.25) |
(2.47) |
(0.34) |
Net Asset Value, End of Period |
$25.24 |
$41.40 |
$32.53 |
$28.21 |
$25.37 |
Total Return2 |
(29.93)% |
31.79% |
20.46% |
23.07% |
7.72% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
Net investment income (loss) |
(0.15)% |
(0.32)% |
(0.10)% |
(0.03)% |
0.05% |
Expense waiver/reimbursement4 |
0.10% |
0.09% |
0.09% |
0.10% |
0.09% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$1,378,126 |
$3,090,630 |
$2,635,157 |
$2,264,174 |
$1,998,725 |
Portfolio turnover5 |
15% |
28% |
24% |
19% |
35% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$41.62 |
$32.68 |
$28.32 |
$25.44 |
$23.94 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.03) |
(0.10) |
(0.02) |
0.01 |
0.03 |
Net realized and unrealized gain (loss) |
(11.06) |
10.28 |
5.63 |
5.34 |
1.81 |
Total From Investment Operations |
(11.09) |
10.18 |
5.61 |
5.35 |
1.84 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(5.12) |
(1.24) |
(1.25) |
(2.47) |
(0.34) |
Net Asset Value, End of Period |
$25.41 |
$41.62 |
$32.68 |
$28.32 |
$25.44 |
Total Return2 |
(29.88)% |
31.86% |
20.52% |
23.17% |
7.79% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
0.77% |
0.77% |
0.77% |
0.77% |
0.77% |
Net investment income (loss) |
(0.11)% |
(0.26)% |
(0.06)% |
0.04% |
0.11% |
Expense waiver/reimbursement4 |
0.09% |
0.08% |
0.09% |
0.09% |
0.09% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$102,255 |
$274,128 |
$228,285 |
$129,987 |
$154,136 |
Portfolio turnover5 |
15% |
28% |
24% |
19% |
35% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
FEDERATED HERMES KAUFMANN LARGE CAP FUND - A CLASS | |||||
ANNUAL EXPENSE RATIO: 1.19% | |||||
MAXIMUM FRONT-END SALES CHARGE: 5.50% | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$472.50 |
$9,922.50 |
$664.60 |
$9,810.05 |
2 |
$9,810.05 |
$490.50 |
$10,300.55 |
$118.96 |
$10,183.81 |
3 |
$10,183.81 |
$509.19 |
$10,693.00 |
$123.50 |
$10,571.81 |
4 |
$10,571.81 |
$528.59 |
$11,100.40 |
$128.20 |
$10,974.60 |
5 |
$10,974.60 |
$548.73 |
$11,523.33 |
$133.09 |
$11,392.73 |
6 |
$11,392.73 |
$569.64 |
$11,962.37 |
$138.16 |
$11,826.79 |
7 |
$11,826.79 |
$591.34 |
$12,418.13 |
$143.42 |
$12,277.39 |
8 |
$12,277.39 |
$613.87 |
$12,891.26 |
$148.88 |
$12,745.16 |
9 |
$12,745.16 |
$637.26 |
$13,382.42 |
$154.56 |
$13,230.75 |
10 |
$13,230.75 |
$661.54 |
$13,892.29 |
$160.45 |
$13,734.84 |
Cumulative |
|
$5,623.16 |
|
$1,913.82 |
|
FEDERATED HERMES KAUFMANN LARGE CAP FUND - C CLASS | |||||
ANNUAL EXPENSE RATIO: 1.96% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$198.98 |
$10,304.00 |
2 |
$10,304.00 |
$515.20 |
$10,819.20 |
$205.03 |
$10,617.24 |
3 |
$10,617.24 |
$530.86 |
$11,148.10 |
$211.26 |
$10,940.00 |
4 |
$10,940.00 |
$547.00 |
$11,487.00 |
$217.68 |
$11,272.58 |
5 |
$11,272.58 |
$563.63 |
$11,836.21 |
$224.30 |
$11,615.27 |
6 |
$11,615.27 |
$580.76 |
$12,196.03 |
$231.12 |
$11,968.37 |
7 |
$11,968.37 |
$598.42 |
$12,566.79 |
$238.15 |
$12,332.21 |
8 |
$12,332.21 |
$616.61 |
$12,948.82 |
$245.39 |
$12,707.11 |
Converts from Class C to Class A |
|
|
|
Annual Expense Ratio 1.19% | |
9 |
$12,707.11 |
$635.36 |
$13,342.47 |
$154.10 |
$13,191.25 |
10 |
$13,191.25 |
$659.56 |
$13,850.81 |
$159.97 |
$13,693.84 |
Cumulative |
|
$5,747.40 |
|
$2,085.98 |
|
FEDERATED HERMES KAUFMANN LARGE CAP FUND - R CLASS | |||||
ANNUAL EXPENSE RATIO: 1.64% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$166.76 |
$10,336.00 |
2 |
$10,336.00 |
$516.80 |
$10,852.80 |
$172.36 |
$10,683.29 |
3 |
$10,683.29 |
$534.16 |
$11,217.45 |
$178.15 |
$11,042.25 |
4 |
$11,042.25 |
$552.11 |
$11,594.36 |
$184.14 |
$11,413.27 |
5 |
$11,413.27 |
$570.66 |
$11,983.93 |
$190.32 |
$11,796.76 |
6 |
$11,796.76 |
$589.84 |
$12,386.60 |
$196.72 |
$12,193.13 |
7 |
$12,193.13 |
$609.66 |
$12,802.79 |
$203.33 |
$12,602.82 |
8 |
$12,602.82 |
$630.14 |
$13,232.96 |
$210.16 |
$13,026.27 |
9 |
$13,026.27 |
$651.31 |
$13,677.58 |
$217.22 |
$13,463.95 |
10 |
$13,463.95 |
$673.20 |
$14,137.15 |
$224.52 |
$13,916.34 |
Cumulative |
|
$5,827.88 |
|
$1,943.68 |
|
FEDERATED HERMES KAUFMANN LARGE CAP FUND - IS CLASS | |||||
ANNUAL EXPENSE RATIO: 0.94% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$95.91 |
$10,406.00 |
2 |
$10,406.00 |
$520.30 |
$10,926.30 |
$99.80 |
$10,828.48 |
3 |
$10,828.48 |
$541.42 |
$11,369.90 |
$103.85 |
$11,268.12 |
4 |
$11,268.12 |
$563.41 |
$11,831.53 |
$108.07 |
$11,725.61 |
5 |
$11,725.61 |
$586.28 |
$12,311.89 |
$112.46 |
$12,201.67 |
6 |
$12,201.67 |
$610.08 |
$12,811.75 |
$117.02 |
$12,697.06 |
7 |
$12,697.06 |
$634.85 |
$13,331.91 |
$121.78 |
$13,212.56 |
8 |
$13,212.56 |
$660.63 |
$13,873.19 |
$126.72 |
$13,748.99 |
9 |
$13,748.99 |
$687.45 |
$14,436.44 |
$131.86 |
$14,307.20 |
10 |
$14,307.20 |
$715.36 |
$15,022.56 |
$137.22 |
$14,888.07 |
Cumulative |
|
$6,019.78 |
|
$1,154.69 |
|
FEDERATED HERMES KAUFMANN LARGE CAP FUND - R6 CLASS | |||||
ANNUAL EXPENSE RATIO: 0.87% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$88.80 |
$10,413.00 |
2 |
$10,413.00 |
$520.65 |
$10,933.65 |
$92.46 |
$10,843.06 |
3 |
$10,843.06 |
$542.15 |
$11,385.21 |
$96.28 |
$11,290.88 |
4 |
$11,290.88 |
$564.54 |
$11,855.42 |
$100.26 |
$11,757.19 |
5 |
$11,757.19 |
$587.86 |
$12,345.05 |
$104.40 |
$12,242.76 |
6 |
$12,242.76 |
$612.14 |
$12,854.90 |
$108.71 |
$12,748.39 |
7 |
$12,748.39 |
$637.42 |
$13,385.81 |
$113.20 |
$13,274.90 |
8 |
$13,274.90 |
$663.75 |
$13,938.65 |
$117.88 |
$13,823.15 |
9 |
$13,823.15 |
$691.16 |
$14,514.31 |
$122.74 |
$14,394.05 |
10 |
$14,394.05 |
$719.70 |
$15,113.75 |
$127.81 |
$14,988.52 |
Cumulative |
|
$6,039.37 |
|
$1,072.54 |
|
Share Class | Ticker |
A | KLCAX |
C | KLCCX |
R | KLCKX |
Institutional | KLCIX |
R6 | KLCSX |
|
Contents |
1 |
|
1 |
|
1 |
|
11 |
|
15 |
|
17 |
|
20 |
|
23 |
|
23 |
|
23 |
|
24 |
|
25 |
|
25 |
|
45 |
|
46 |
|
51 |
|
52 |
|
2022 |
2021 |
2020 | |||
|
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Class A Shares |
$300,899 |
$35,502 |
$798,762 |
$92,635 |
$1,143,684 |
$135,703 |
Class C Shares |
$13,561 |
$13,561 |
$17,693 |
$17,693 |
$32,607 |
$32,607 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) for Past Five Years,
Other Directorships Held and Previous Position(s) |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Trust and
Federated Hermes Complex
(past calendar year) |
J. Christopher Donahue*
Birth Date: April 11, 1949
President and Trustee
Indefinite Term
Began serving: January 2000 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of the
Funds in the Federated Hermes Complex; President, Chief Executive
Officer and Director, Federated Hermes, Inc.; Chairman and Trustee,
Federated Investment Management Company; Trustee, Federated
Investment Counseling; Chairman and Director, Federated Global
Investment Management Corp.; Chairman and Trustee, Federated Equity
Management Company of Pennsylvania; Trustee, Federated Shareholder
Services Company; Director, Federated Services Company.
Previous Positions: President, Federated Investment Counseling; President
and Chief Executive Officer, Federated Investment Management Company,
Federated Global Investment Management Corp. and Passport
Research, Ltd.; Chairman, Passport Research, Ltd. |
$0 |
$0 |
John B. Fisher*
Birth Date: May 16, 1956
Trustee
Indefinite Term
Began serving: May 2016 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of
certain of the Funds in the Federated Hermes Complex; Director and Vice
President, Federated Hermes, Inc.; President, Director/Trustee and CEO,
Federated Advisory Services Company, Federated Equity Management
Company of Pennsylvania, Federated Global Investment Management
Corp., Federated Investment Counseling, Federated Investment
Management Company and Federated MDTA LLC; Director, Federated
Investors Trust Company.
Previous Positions: President and Director of the Institutional Sales
Division of Federated Securities Corp.; President and CEO of Passport
Research, Ltd.; Director and President, Technology, Federated
Services Company. |
$0 |
$0 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
John T. Collins
Birth Date: January 24, 1947
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee and Chair of the Board of
Directors or Trustees, of the Federated Hermes Complex; formerly,
Chairman and CEO, The Collins Group, Inc. (a private equity firm) (Retired).
Other Directorships Held: Director, KLX Energy Services Holdings, Inc.
(oilfield services); former Director of KLX Corp (aerospace).
Qualifications: Mr. Collins has served in several business and financial
management roles and directorship positions throughout his career.
Mr. Collins previously served as Chairman and CEO of The Collins Group,
Inc. (a private equity firm) and as a Director of KLX Corp. Mr. Collins serves
as Chairman Emeriti, Bentley University. Mr. Collins previously served as
Director and Audit Committee Member, Bank of America Corp.; Director,
FleetBoston Financial Corp.; and Director, Beth Israel Deaconess Medical
Center (Harvard University Affiliate Hospital). |
$3,833.91 |
$365,000 |
G. Thomas Hough
Birth Date: February 28, 1955
Trustee
Indefinite Term
Began serving: August 2015 |
Principal Occupations: Director or Trustee, Chair of the Audit Committee
of the Federated Hermes Complex; Retired.
Other Directorships Held: Director, Chair of the Audit Committee,
Equifax, Inc.; Lead Director, Member of the Audit and Nominating and
Corporate Governance Committees, Haverty Furniture Companies, Inc.;
formerly, Director, Member of Governance and Compensation Committees,
Publix Super Markets, Inc.
Qualifications: Mr. Hough has served in accounting, business management
and directorship positions throughout his career. Mr. Hough most recently
held the position of Americas Vice Chair of Assurance with Ernst &
Young LLP (public accounting firm). Mr. Hough serves on the President’s
Cabinet and Business School Board of Visitors for the University of
Alabama. Mr. Hough previously served on the Business School Board of
Visitors for Wake Forest University, and he previously served as an
Executive Committee member of the United States Golf Association. |
$3,626.61 |
$343,000 |
Maureen Lally-Green
Birth Date: July 5, 1949
Trustee
Indefinite Term
Began serving: August 2009 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Adjunct Professor Emerita of Law, Duquesne University School of
Law; formerly, Dean of the Duquesne University School of Law and
Professor of Law and Interim Dean of the Duquesne University School of
Law; formerly, Associate General Secretary and Director, Office of Church
Relations, Diocese of Pittsburgh.
Other Directorships Held: Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.).
Qualifications: Judge Lally-Green has served in various legal and business
roles and directorship positions throughout her career. Judge Lally-Green
previously held the position of Dean of the School of Law of Duquesne
University (as well as Interim Dean). Judge Lally-Green previously served as
a member of the Superior Court of Pennsylvania and as a Professor of Law,
Duquesne University School of Law. Judge Lally-Green was appointed by
the Supreme Court of Pennsylvania to serve on the Supreme Court’s Board
of Continuing Judicial Education and the Supreme Court’s Appellate Court
Procedural Rules Committee. Judge Lally-Green also currently holds the
positions on not for profit or for profit boards of directors as follows:
Director and Chair, UPMC Mercy Hospital; Regent, Saint Vincent Seminary;
Member, Pennsylvania State Board of Education (public); Director, Catholic
Charities, Pittsburgh; and Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.). Judge Lally-Green has held the positions
of: Director, Auberle; Director, Epilepsy Foundation of Western and Central
Pennsylvania; Director, Ireland Institute of Pittsburgh; Director, Saint
Thomas More Society; Director and Chair, Catholic High Schools of the
Diocese of Pittsburgh, Inc.; Director, Pennsylvania Bar Institute; Director,
Saint Vincent College; Director and Chair, North Catholic High School, Inc.;
Director and Vice Chair, Our Campaign for the Church Alive!, Inc.; and
Director, Saint Francis University. |
$3,273.22 |
$308,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
Thomas M. O’Neill
Birth Date: June 14, 1951
Trustee
Indefinite Term
Began serving: October 2006 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Sole Proprietor, Navigator Management Company (investment
and strategic consulting).
Other Directorships Held: None.
Qualifications: Mr. O’Neill has served in several business, mutual fund and
financial management roles and directorship positions throughout his
career. Mr. O’Neill serves as Director, Medicines for Humanity. Mr. O’Neill
previously served as Chief Executive Officer and President, Managing
Director and Chief Investment Officer, Fleet Investment Advisors; President
and Chief Executive Officer, Aeltus Investment Management, Inc.; General
Partner, Hellman, Jordan Management Co., Boston, MA; Chief Investment
Officer, The Putnam Companies, Boston, MA; Credit Analyst and Lending
Officer, Fleet Bank; Director and Consultant, EZE Castle Software
(investment order management software); Director, The Golisano Children’s
Museum of Naples, Florida; and Director, Midway Pacific (lumber). |
$3,273.22 |
$308,000 |
Madelyn A. Reilly
Birth Date: February 2, 1956
Trustee
Indefinite Term
Began serving: November 2020 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; formerly, Executive Vice President for Legal Affairs, General
Counsel and Secretary to the Board of Directors, Duquesne
University (Retired).
Other Directorships Held: None.
Qualifications: Ms. Reilly has served in various business and legal
management roles throughout her career. Ms. Reilly previously served as
Senior Vice President for Legal Affairs, General Counsel and Secretary to
the Board of Directors and Assistant General Counsel and Director of Risk
Management, Duquesne University. Prior to her work at Duquesne
University, Ms. Reilly served as Assistant General Counsel of Compliance
and Enterprise Risk as well as Senior Counsel of Environment, Health and
Safety, PPG Industries. Ms. Reilly currently serves as a member of the Board
of Directors of UPMC Mercy Hospital. |
$2,975.67 |
$280,000 |
P. Jerome Richey
Birth Date: February 23, 1949
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Management Consultant; Retired; formerly, Senior Vice
Chancellor and Chief Legal Officer, University of Pittsburgh and Executive
Vice President and Chief Legal Officer, CONSOL Energy Inc. (split into two
separate publicly traded companies known as CONSOL Energy Inc. and
CNX Resources Corp.).
Other Directorships Held: None.
Qualifications: Mr. Richey has served in several business and legal
management roles and directorship positions throughout his career.
Mr. Richey most recently held the positions of Senior Vice Chancellor and
Chief Legal Officer, University of Pittsburgh. Mr. Richey previously served as
Chairman of the Board, Epilepsy Foundation of Western Pennsylvania and
Chairman of the Board, World Affairs Council of Pittsburgh. Mr. Richey
previously served as Chief Legal Officer and Executive Vice President,
CONSOL Energy Inc. and CNX Gas Company; and Board Member, Ethics
Counsel and Shareholder, Buchanan Ingersoll & Rooney PC (a law firm). |
$3,273.22 |
$308,000 |
John S. Walsh
Birth Date: November 28, 1957
Trustee
Indefinite Term
Began serving: January 1999 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; President and Director, Heat Wagon, Inc. (manufacturer of
construction temporary heaters); President and Director, Manufacturers
Products, Inc. (distributor of portable construction heaters); President,
Portable Heater Parts, a division of Manufacturers Products, Inc.
Other Directorships Held: None.
Qualifications: Mr. Walsh has served in several business management roles
and directorship positions throughout his career. Mr. Walsh previously
served as Vice President, Walsh & Kelly, Inc. (paving contractors). |
$2,975.67 |
$280,000 |
Name
Birth Date
Address
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Previous Position(s) |
Lori A. Hensler
Birth Date: January 6, 1967
Treasurer
Officer since: April 2013 |
Principal Occupations: Principal Financial Officer and Treasurer of the Federated Hermes Complex; Senior Vice President,
Federated Administrative Services; Financial and Operations Principal for Federated Securities Corp.; and Assistant Treasurer,
Federated Investors Trust Company. Ms. Hensler has received the Certified Public Accountant designation.
Previous Positions: Controller of Federated Hermes, Inc.; Senior Vice President and Assistant Treasurer, Federated Investors
Management Company; Treasurer, Federated Investors Trust Company; Assistant Treasurer, Federated Administrative Services,
Federated Administrative Services, Inc., Federated Securities Corp., Edgewood Services, Inc., Federated Advisory Services
Company, Federated Equity Management Company of Pennsylvania, Federated Global Investment Management Corp.,
Federated Investment Counseling, Federated Investment Management Company, Passport Research, Ltd. and Federated MDTA,
LLC; Financial and Operations Principal for Federated Securities Corp., Edgewood Services, Inc. and Southpointe Distribution
Services, Inc. |
Peter J. Germain
Birth Date: September 3, 1959
CHIEF LEGAL OFFICER,
SECRETARY and EXECUTIVE
VICE PRESIDENT
Officer since: January 2005 |
Principal Occupations: Mr. Germain is Chief Legal Officer, Secretary and Executive Vice President of the Federated Hermes
Complex. He is General Counsel, Chief Legal Officer, Secretary and Executive Vice President, Federated Hermes, Inc.; Trustee
and Senior Vice President, Federated Investors Management Company; Trustee and President, Federated Administrative
Services; Director and President, Federated Administrative Services, Inc.; Director and Vice President, Federated Securities
Corp.; Director and Secretary, Federated Private Asset Management, Inc.; Secretary, Federated Shareholder Services Company;
and Secretary, Retirement Plan Service Company of America. Mr. Germain joined Federated Hermes, Inc. in 1984 and is a
member of the Pennsylvania Bar Association.
Previous Positions: Deputy General Counsel, Special Counsel, Managing Director of Mutual Fund Services, Federated Hermes,
Inc.; Senior Vice President, Federated Services Company; and Senior Corporate Counsel, Federated Hermes, Inc. |
Stephen Van Meter
Birth Date: June 5, 1975
CHIEF COMPLIANCE OFFICER
AND SENIOR VICE PRESIDENT
Officer since: July 2015 |
Principal Occupations: Senior Vice President and Chief Compliance Officer of the Federated Hermes Complex; Vice President
and Chief Compliance Officer of Federated Hermes, Inc. and Chief Compliance Officer of certain of its subsidiaries.
Mr. Van Meter joined Federated Hermes, Inc. in October 2011. He holds FINRA licenses under Series 3, 7, 24 and 66.
Previous Positions: Mr. Van Meter previously held the position of Compliance Operating Officer, Federated Hermes, Inc. Prior to
joining Federated Hermes, Inc., Mr. Van Meter served at the United States Securities and Exchange Commission in the positions
of Senior Counsel, Office of Chief Counsel, Division of Investment Management and Senior Counsel, Division of Enforcement. |
Stephen F. Auth
Birth Date: September 13, 1956
101 Park Avenue
41st Floor
New York, NY 10178
CHIEF INVESTMENT OFFICER
Officer since: November 2002 |
Principal Occupations: Stephen F. Auth is Chief Investment Officer of various Funds in the Federated Hermes Complex;
Executive Vice President, Federated Investment Counseling, Federated Global Investment Management Corp. and Federated
Equity Management Company of Pennsylvania.
Previous Positions: Executive Vice President, Federated Investment Management Company and Passport Research, Ltd.
(investment advisory subsidiary of Federated Hermes); Senior Vice President, Global Portfolio Management Services Division;
Senior Vice President, Federated Investment Management Company and Passport Research, Ltd.; Senior Managing Director and
Portfolio Manager, Prudential Investments. |
Director/Trustee Emeritus |
Compensation
From Fund
(past fiscal year) |
Total
Compensation
Paid to
Director/Trustee
Emeritus1
|
Peter E. Madden |
$634.48 |
$56,000.00 |
Charles F. Mansfield, Jr. |
$634.48 |
$56,000.00 |
Board
Committee |
Committee
Members |
Committee Functions |
Meetings Held
During Last
Fiscal Year |
Executive |
J. Christopher Donahue
John T. Collins
John S. Walsh |
In between meetings of the full Board, the Executive Committee generally may
exercise all the powers of the full Board in the management and direction of the
business and conduct of the affairs of the Trust in such manner as the Executive
Committee shall deem to be in the best interests of the Trust. However, the
Executive Committee cannot elect or remove Board members, increase or decrease
the number of Trustees, elect or remove any Officer, declare dividends, issue shares
or recommend to shareholders any action requiring shareholder approval. |
One |
Audit |
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
P. Jerome Richey |
The purposes of the Audit Committee are to oversee the accounting and financial
reporting process of the Fund, the Fund’s internal control over financial reporting
and the quality, integrity and independent audit of the Fund’s financial statements.
The Committee also oversees or assists the Board with the oversight of compliance
with legal requirements relating to those matters, approves the engagement and
reviews the qualifications, independence and performance of the Fund’s
independent registered public accounting firm, acts as a liaison between the
independent registered public accounting firm and the Board and reviews the Fund’s
internal audit function. |
Seven |
Nominating |
John T. Collins
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
Madelyn A. Reilly
P. Jerome Richey
John S. Walsh |
The Nominating Committee, whose members consist of all Independent Trustees,
selects and nominates persons for election to the Fund’s Board when vacancies
occur. The Committee will consider candidates recommended by shareholders,
Independent Trustees, officers or employees of any of the Fund’s agents or service
providers and counsel to the Fund. Any shareholder who desires to have an
individual considered for nomination by the Committee must submit a
recommendation in writing to the Secretary of the Fund, at the Fund’s address
appearing on the back cover of this SAI. The recommendation should include the
name and address of both the shareholder and the candidate and detailed
information concerning the candidate’s qualifications and experience. In identifying
and evaluating candidates for consideration, the Committee shall consider such
factors as it deems appropriate. Those factors will ordinarily include: integrity,
intelligence, collegiality, judgment, diversity, skill, business and other experience,
qualification as an “Independent Trustee,” the existence of material relationships
which may create the appearance of a lack of independence, financial or accounting
knowledge and experience and dedication and willingness to devote the time and
attention necessary to fulfill Board responsibilities. |
One |
Interested Board
Member Name |
Dollar Range of
Shares Owned in
Federated Hermes Kaufmann
Large Cap Fund |
Aggregate
Dollar Range of
Shares Owned in
Federated Hermes Family of
Investment Companies |
J. Christopher Donahue |
Over $100,000 |
Over $100,000 |
John B. Fisher |
None |
Over $100,000 |
Independent Board
Member Name |
|
|
John T. Collins |
Over $100,000 |
Over $100,000 |
G. Thomas Hough |
Over $100,000 |
Over $100,000 |
Maureen Lally-Green |
Over $100,000 |
Over $100,000 |
Thomas M. O’Neill |
None |
Over $100,000 |
Madelyn A. Reilly |
None |
Over $100,000 |
P. Jerome Richey |
$50,001-$100,000 |
Over $100,000 |
John S. Walsh |
Over $100,000 |
Over $100,000 |
Types of Accounts Managed
by Hans Utsch |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$10.0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by John Ettinger |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$10.0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Thomas Brakel |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$10.0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Mark Bauknight |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$10.0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Barbara Miller |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$10.0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Steven Abrahamson |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$10.0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Stephen DeNichilo |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$10.0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Aditi Singhania |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
0/$0 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
0/$0 million |
Broker Dealer |
Amount of
Securities Owned |
JPMorgan Chase & Co. |
$18,252,600 |
Administrative Services
Fee Rate |
Average Daily Net Assets
of the Investment Complex |
0.100% |
on assets up to $50 billion |
0.075% |
on assets over $50 billion |
For the Period Ended October 31 |
2022 |
2021 |
2020 |
Advisory Fee Earned |
$24,383,504 |
$34,074,032 |
$28,691,099 |
Advisory Fee Waived |
$2,779,792 |
$3,625,784 |
$3,224,133 |
Advisory Fee Reimbursed |
$56,510 |
$53,371 |
$98,523 |
Sub-Advisory Fee |
$19,994,473 |
$27,940,706 |
$23,526,701 |
Brokerage Commission |
$751,690 |
$952,428 |
$1,282,190 |
Net Administrative Fee |
$2,545,922 |
$3,551,242 |
$2,991,851 |
Net 12b-1 Fee: |
|
|
|
Class C Shares |
$1,788,090 |
$2,840,131 |
$2,958,387 |
Class R Shares |
$268,206 |
$367,360 |
$340,960 |
Net Shareholder Services Fee: |
|
|
|
Class A Shares |
$1,819,951 |
$2,147,977 |
$1,674,309 |
Class C Shares |
$596,030 |
$946,710 |
$986,129 |
Gross income from securities lending activities |
$2,781 |
Fees and/or compensation for securities lending activities and related services |
|
Fees paid to securities lending agent from a revenue split |
(278) |
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in
the revenue split |
— |
Administrative fees not included in revenue split |
— |
Indemnification fee not included in revenue split |
— |
Rebate (paid to borrower) |
— |
Other fees not included in revenue split (specify) |
— |
Aggregate fees/compensation for securities lending activities |
$(278) |
Net income from securities lending activities |
$2,503 |
Share Class | Ticker |
A | FKASX |
B | FKBSX |
C | FKCSX |
R | FKKSX |
Institutional | FKAIX |
R6 | FKALX |
|
A |
B |
C |
R |
IS |
R6 |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
|
|
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption
proceeds, as applicable) |
|
|
|
|
|
|
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions)
(as a percentage of offering price) |
|
|
|
|
|
|
Redemption Fee (as a percentage of amount redeemed, if applicable) |
|
|
|
|
|
|
Exchange Fee |
|
|
|
|
|
|
|
A |
B |
C |
R |
IS |
R6 |
Management Fee |
|
|
|
|
|
|
Distribution (12b-1) Fee |
|
|
|
|
|
|
Other Expenses |
|
|
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
|
|
Fee Waivers and/or Expense Reimbursements1 |
( |
|
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
|
|
|
|
|
|
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
A: |
|
|
|
|
Expenses assuming redemption |
$695 |
$1,001 |
$1,328 |
$2,252 |
Expenses assuming no redemption |
$695 |
$1,001 |
$1,328 |
$2,252 |
B: |
|
|
|
|
Expenses assuming redemption |
$754 |
$1,031 |
$1,283 |
$2,209 |
Expenses assuming no redemption |
$204 |
$631 |
$1,083 |
$2,209 |
C: |
|
|
|
|
Expenses assuming redemption |
$306 |
$637 |
$1,093 |
$2,225 |
Expenses assuming no redemption |
$206 |
$637 |
$1,093 |
$2,225 |
R: |
|
|
|
|
Expenses assuming redemption |
$171 |
$530 |
$913 |
$1,987 |
Expenses assuming no redemption |
$171 |
$530 |
$913 |
$1,987 |
IS: |
|
|
|
|
Expenses assuming redemption |
$104 |
$325 |
$563 |
$1,248 |
Expenses assuming no redemption |
$104 |
$325 |
$563 |
$1,248 |
R6: |
|
|
|
|
Expenses assuming redemption |
$95 |
$296 |
$515 |
$1,143 |
Expenses assuming no redemption |
$95 |
$296 |
$515 |
$1,143 |
Share Class |
1 Year |
5 Years |
10 Years |
A: |
|
|
|
Return Before Taxes |
( |
|
|
Return After Taxes on Distributions |
( |
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
( |
|
|
B: |
|
|
|
Return Before Taxes |
( |
|
|
C: |
|
|
|
Return Before Taxes |
|
|
|
R: |
|
|
|
Return Before Taxes |
|
|
|
IS: |
|
|
|
Return Before Taxes |
|
|
|
R6: |
|
|
|
Return Before Taxes |
|
|
|
Russell 2000® Growth Index1
(reflects no deduction for fees, expenses or taxes) |
|
|
|
Morningstar Small Growth Funds Average2 |
|
|
|
|
Minimum
Initial/Subsequent
Investment
Amounts1
|
Maximum Sales Charges | |
Shares Offered |
Front-End
Sales Charge2
|
Contingent
Deferred
Sales Charge3
| |
A |
$1,500/$100 |
5.50% |
0.00% |
B |
$1,500/$100 |
None |
5.50% |
C |
$1,500/$100 |
None |
1.00% |
A: |
|
|
Purchase Amount |
Sales Charge
as a Percentage
of Public
Offering Price |
Sales Charge
as a Percentage
of NAV |
Less than $50,000 |
5.50% |
5.82% |
$50,000 but less than $100,000 |
4.50% |
4.71% |
$100,000 but less than $250,000 |
3.75% |
3.90% |
$250,000 but less than $500,000 |
2.50% |
2.56% |
$500,000 but less than $1 million |
2.00% |
2.04% |
$1 million or greater1
|
0.00% |
0.00% |
A: |
|
|
If you make a purchase of the A class in the amount of $1 million or more and your financial intermediary received an advance commission on the sale, you will
pay a 0.75% CDSC on any such Shares redeemed within 24 months of the purchase. | ||
B: |
|
|
Shares Held Up To: |
|
CDSC |
1 Year |
|
5.50% |
2 Years |
|
4.75% |
3 Years |
|
4.00% |
4 Years |
|
3.00% |
5 Years |
|
2.00% |
6 Years |
|
1.00% |
7 Years or More |
|
0.00% |
C: |
|
|
You will pay a 1.00% CDSC if you redeem Shares within 12 months of the purchase date. |
A: |
|
Purchase Amount |
Dealer Reallowance
as a Percentage of
Public Offering Price |
Less than $50,000 |
5.00% |
$50,000 but less than $100,000 |
4.00% |
$100,000 but less than $250,000 |
3.25% |
$250,000 but less than $500,000 |
2.25% |
$500,000 but less than $1 million |
1.80% |
$1 million or greater |
0.00% |
A (for purchases over $1 million): |
|
Purchase Amount |
Advance Commission
as a Percentage of
Public Offering Price |
First $1 million - $5 million |
0.75% |
Next $5 million - $20 million |
0.50% |
Over $20 million |
0.25% |
B: |
|
|
Advance Commission
as a Percentage of
Public Offering Price |
All Purchase Amounts |
Up to 5.00% |
C: |
|
|
Advance Commission
as a Percentage of
Public Offering Price |
All Purchase Amounts |
1.00% |
Investment Team Member |
Business Experience |
Primary Role in Fund Management |
Hans P. Utsch |
Member of Fund’s Investment Team since December 2002; Senior Portfolio
Manager and Co-Head of Kaufmann Growth Equity Team; has been with the
Adviser or an affiliate since 2001; formerly Chairman of the Board and
Secretary of Edgemont Asset Management Corp., and President and Portfolio
Manager to The Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund)
from 1984-2001; B.A., Amherst College; M.B.A., Columbia University. |
Senior Portfolio Manager; sets
investment strategy; security selection; and
team oversight |
John Ettinger |
Member of the Fund’s Investment Team since December 2002; Senior
Portfolio Manager, Co-Head of Kaufmann Growth Equity Team; has been with
the Adviser or an affiliate since 2001; formerly Investment Analyst with
Edgemont Asset Management Corp., Adviser to The Kaufmann Fund, Inc.
(predecessor to the Kaufmann Fund) from 1996-2001; B.A., Duke University;
received Chartered Financial Analyst designation. |
Senior Portfolio Manager; sets investment
strategy; security selection; and team
oversight |
Stephen DeNichilo |
Member of the Fund’s Investment team since February 2012; Portfolio
Manager; has been with the Adviser or an affiliate since 2012; formerly Senior
Research Analyst with ACK Asset Management, LLC from 2010 to 2012 and
Equity Research Analyst with Thomson, Horstmann & Bryant, Inc., from 2006
to 2010; B.S., Villanova University; M.B.A., Fordham University; received
Chartered Financial Analyst designation. |
Portfolio Manager; sets investment strategy;
security selection; research and
analytical support |
Barbara Miller |
Member of the Fund’s Investment Team since December 2002; Portfolio
Manager; has been with the Adviser or an affiliate since 2002; formerly Vice
President and Equity Analyst with Goldman Sachs from 1999-2001 and
Principal/Equity Analyst with Alex Brown & Sons from 1992-1999; B.A., Brown
University; M.B.A., Harvard Business School. |
Portfolio Manager; security selection; research
and analytical support |
Investment Team Member |
Business Experience |
Primary Role in Fund Management |
Tom M. Brakel |
Member of the Fund’s Investment Team since October 2003 ; Senior Portfolio
Manager; has been with the Adviser or an affiliate since 2003; formerly
Analyst with New Vernon Associates from 2002 to 2003, BioPharma Fund from
2000 to 2002 and Mehta Partners from 1998 to 1999; U.S. pharmaceutical
experience includes six years at Organon Inc.; M.D., Erasmus University, The
Netherlands; M.B.A., Stanford University. |
Senior Portfolio Manager; security selection;
research and analytical support |
Mark Bauknight |
Member of the Fund’s Investment Team since December 2002; Senior
Portfolio Manager; has been with the Adviser or an affiliate since 2001;
formerly Investment Analyst with Edgemont Asset Management Corp.,
Adviser to The Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund) from
1997-2001; Two B.A. degrees, University of North Carolina at Chapel Hill;
M.B.A., University of Oxford. |
Senior Portfolio Manager; security selection;
research and analytical support |
Steven Abrahamson |
Member of the Fund’s Investment Team since December 2002; Portfolio
Manager; has been with the Adviser or an affiliate since 2001; formerly
Investment Analyst with Edgemont Asset Management Corp., Adviser to The
Kaufmann Fund, Inc. (predecessor to the Kaufmann Fund) since 2001; B.S.,
Bucknell University; M.B.A., Duke University. |
Portfolio Manager; security selection; research
and analytical support |
Aditi Singhania |
Member of the Fund’s Investment Team since April 2018; Portfolio Manager;
has been with the Adviser or an affiliate since 2018; formerly Vice President,
Research Analyst, Pharmaceuticals Equity Research, J.P. Morgan Chase;
Biotech Equity Research Associate, Leerink Partners. Fachochschule Bonn
Rhein Sieg Germany (bachelor thesis conducted at Harvard University); Ph.D.,
Columbia University |
Portfolio Manager; security selection; research
and analytical support |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$70.27 |
$49.86 |
$40.09 |
$36.01 |
$32.58 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.23) |
(0.58) |
(0.29) |
0.01 |
(0.13) |
Net realized and unrealized gain (loss) |
(23.97) |
21.07 |
10.16 |
6.14 |
5.65 |
Total From Investment Operations |
(24.20) |
20.49 |
9.87 |
6.15 |
5.52 |
Less Distributions: |
|
|
|
|
|
Distributions from net investment income |
— |
— |
(0.02) |
— |
— |
Distributions from net realized gain |
(4.93) |
(0.08) |
(0.08) |
(2.07) |
(2.09) |
Total Distributions |
(4.93) |
(0.08) |
(0.10) |
(2.07) |
(2.09) |
Net Asset Value, End of Period |
$41.14 |
$70.27 |
$49.86 |
$40.09 |
$36.01 |
Total Return2 |
(36.41)% |
41.12% |
24.64% |
17.96% |
18.10% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.35% |
1.35% |
1.35% |
1.36% |
1.35% |
Net investment income (loss) |
(0.48)% |
(0.89)% |
(0.64)% |
0.03% |
(0.37)% |
Expense waiver/reimbursement4 |
0.15% |
0.12% |
0.15% |
0.16% |
0.17% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$795,872 |
$1,452,855 |
$1,068,689 |
$826,240 |
$580,003 |
Portfolio turnover5 |
19% |
34% |
20% |
33% |
39% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$58.85 |
$42.02 |
$33.99 |
$31.02 |
$28.52 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.44) |
(0.81) |
(0.47) |
(0.21) |
(0.31) |
Net realized and unrealized gain (loss) |
(19.81) |
17.72 |
8.58 |
5.25 |
4.90 |
Total From Investment Operations |
(20.25) |
16.91 |
8.11 |
5.04 |
4.59 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(4.93) |
(0.08) |
(0.08) |
(2.07) |
(2.09) |
Net Asset Value, End of Period |
$33.67 |
$58.85 |
$42.02 |
$33.99 |
$31.02 |
Total Return2 |
(36.80)% |
40.27% |
23.89% |
17.23% |
17.36% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.97% |
1.96% |
1.98% |
1.98% |
1.99% |
Net investment income (loss) |
(1.10)% |
(1.49)% |
(1.25)% |
(0.62)% |
(1.01)% |
Expense waiver/reimbursement4 |
0.03% |
0.02% |
0.04% |
0.04% |
0.07% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$5,514 |
$14,501 |
$14,313 |
$15,488 |
$16,445 |
Portfolio turnover5 |
19% |
34% |
20% |
33% |
39% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$58.87 |
$42.03 |
$34.01 |
$31.03 |
$28.53 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.44) |
(0.83) |
(0.49) |
(0.19) |
(0.31) |
Net realized and unrealized gain (loss) |
(19.82) |
17.75 |
8.59 |
5.24 |
4.90 |
Total From Investment Operations |
(20.26) |
16.92 |
8.10 |
5.05 |
4.59 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(4.93) |
(0.08) |
(0.08) |
(2.07) |
(2.09) |
Net Asset Value, End of Period |
$33.68 |
$58.87 |
$42.03 |
$34.01 |
$31.03 |
Total Return2 |
(36.80)% |
40.28% |
23.84% |
17.25% |
17.36% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.98% |
1.97% |
1.98% |
1.97% |
1.97% |
Net investment income (loss) |
(1.11)% |
(1.51)% |
(1.28)% |
(0.57)% |
(1.00)% |
Expense waiver/reimbursement4 |
0.03% |
0.02% |
0.04% |
0.05% |
0.07% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$208,954 |
$410,961 |
$289,794 |
$204,247 |
$117,888 |
Portfolio turnover5 |
19% |
34% |
20% |
33% |
39% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$70.65 |
$50.12 |
$40.29 |
$36.17 |
$32.70 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.22) |
(0.57) |
(0.28) |
0.03 |
(0.12) |
Net realized and unrealized gain (loss) |
(24.11) |
21.18 |
10.22 |
6.16 |
5.68 |
Total From Investment Operations |
(24.33) |
20.61 |
9.94 |
6.19 |
5.56 |
Less Distributions: |
|
|
|
|
|
Distributions from net investment income |
— |
— |
(0.03) |
— |
— |
Distributions from net realized gain |
(4.93) |
(0.08) |
(0.08) |
(2.07) |
(2.09) |
Total Distributions |
(4.93) |
(0.08) |
(0.11) |
(2.07) |
(2.09) |
Net Asset Value, End of Period |
$41.39 |
$70.65 |
$50.12 |
$40.29 |
$36.17 |
Total Return2 |
(36.40)% |
41.14% |
24.71% |
17.99% |
18.15% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.34% |
1.34% |
1.31% |
1.31% |
1.32% |
Net investment income (loss) |
(0.46)% |
(0.87)% |
(0.61)% |
0.08% |
(0.33)% |
Expense waiver/reimbursement4 |
0.34% |
0.32% |
0.34% |
0.34% |
0.37% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$141,312 |
$263,675 |
$188,549 |
$120,487 |
$78,387 |
Portfolio turnover5 |
19% |
34% |
20% |
33% |
39% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$72.07 |
$50.90 |
$40.86 |
$36.50 |
$32.85 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.01) |
(0.29) |
(0.10) |
0.22 |
0.04 |
Net realized and unrealized gain (loss) |
(24.64) |
21.54 |
10.37 |
6.21 |
5.70 |
Total From Investment Operations |
(24.65) |
21.25 |
10.27 |
6.43 |
5.74 |
Less Distributions: |
|
|
|
|
|
Distributions from net investment income |
— |
— |
(0.15) |
— |
— |
Distributions from net realized gain |
(4.93) |
(0.08) |
(0.08) |
(2.07) |
(2.09) |
Total Distributions |
(4.93) |
(0.08) |
(0.23) |
(2.07) |
(2.09) |
Net Asset Value, End of Period |
$42.49 |
$72.07 |
$50.90 |
$40.86 |
$36.50 |
Total Return2 |
(36.10)% |
41.77% |
25.20% |
18.51% |
18.65% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
0.89% |
0.89% |
0.89% |
0.90% |
0.89% |
Net investment income (loss) |
(0.02)% |
(0.43)% |
(0.21)% |
0.56% |
0.11% |
Expense waiver/reimbursement4 |
0.11% |
0.10% |
0.12% |
0.12% |
0.12% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$2,930,184 |
$6,454,097 |
$5,114,974 |
$2,339,131 |
$735,235 |
Portfolio turnover5 |
19% |
34% |
20% |
33% |
39% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$71.52 |
$50.51 |
$40.51 |
$36.20 |
$32.60 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.00) |
(0.29) |
(0.10) |
0.25 |
0.06 |
Net realized and unrealized gain (loss) |
(24.45) |
21.38 |
10.30 |
6.13 |
5.63 |
Total From Investment Operations |
(24.45) |
21.09 |
10.20 |
6.38 |
5.69 |
Less Distributions: |
|
|
|
|
|
Distributions from net investment income |
— |
— |
(0.12) |
— |
— |
Distributions from net realized gain |
(4.93) |
(0.08) |
(0.08) |
(2.07) |
(2.09) |
Total Distributions |
(4.93) |
(0.08) |
(0.20) |
(2.07) |
(2.09) |
Net Asset Value, End of Period |
$42.14 |
$71.52 |
$50.51 |
$40.51 |
$36.20 |
Total Return2 |
(36.10)% |
41.78% |
25.24% |
18.53% |
18.64% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
0.88% |
0.88% |
0.88% |
0.88% |
0.88% |
Net investment income (loss) |
(0.01)% |
(0.43)% |
(0.21)% |
0.63% |
0.16% |
Expense waiver/reimbursement4 |
0.04% |
0.02% |
0.04% |
0.04% |
0.07% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$661,748 |
$1,195,120 |
$651,978 |
$195,775 |
$29,623 |
Portfolio turnover5 |
19% |
34% |
20% |
33% |
39% |
1 |
Per share numbers have been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
FEDERATED HERMES KAUFMANN SMALL CAP FUND - A CLASS | |||||
ANNUAL EXPENSE RATIO: 1.51% | |||||
MAXIMUM FRONT-END SALES CHARGE: 5.50% | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$472.50 |
$9,922.50 |
$695.19 |
$9,779.81 |
2 |
$9,779.81 |
$488.99 |
$10,268.80 |
$150.25 |
$10,121.13 |
3 |
$10,121.13 |
$506.06 |
$10,627.19 |
$155.50 |
$10,474.36 |
4 |
$10,474.36 |
$523.72 |
$10,998.08 |
$160.92 |
$10,839.92 |
5 |
$10,839.92 |
$542.00 |
$11,381.92 |
$166.54 |
$11,218.23 |
6 |
$11,218.23 |
$560.91 |
$11,779.14 |
$172.35 |
$11,609.75 |
7 |
$11,609.75 |
$580.49 |
$12,190.24 |
$178.37 |
$12,014.93 |
8 |
$12,014.93 |
$600.75 |
$12,615.68 |
$184.59 |
$12,434.25 |
9 |
$12,434.25 |
$621.71 |
$13,055.96 |
$191.03 |
$12,868.21 |
10 |
$12,868.21 |
$643.41 |
$13,511.62 |
$197.70 |
$13,317.31 |
Cumulative |
|
$5,540.54 |
|
$2,252.44 |
|
FEDERATED HERMES KAUFMANN SMALL CAP FUND - B CLASS | |||||
ANNUAL EXPENSE RATIO: 2.01% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$204.00 |
$10,299.00 |
2 |
$10,299.00 |
$514.95 |
$10,813.95 |
$210.10 |
$10,606.94 |
3 |
$10,606.94 |
$530.35 |
$11,137.29 |
$216.39 |
$10,924.09 |
4 |
$10,924.09 |
$546.20 |
$11,470.29 |
$222.86 |
$11,250.72 |
5 |
$11,250.72 |
$562.54 |
$11,813.26 |
$229.52 |
$11,587.12 |
6 |
$11,587.12 |
$579.36 |
$12,166.48 |
$236.38 |
$11,933.57 |
7 |
$11,933.57 |
$596.68 |
$12,530.25 |
$243.45 |
$12,290.38 |
8 |
$12,290.38 |
$614.52 |
$12,904.90 |
$250.73 |
$12,657.86 |
Converts from Class B to Class A |
|
|
|
Annual Expense Ratio: 1.51% | |
9 |
$12,657.86 |
$632.89 |
$13,290.75 |
$194.47 |
$13,099.62 |
10 |
$13,099.62 |
$654.98 |
$13,754.60 |
$201.26 |
$13,556.80 |
Cumulative |
|
$5,732.47 |
|
$2,209.16 |
|
FEDERATED HERMES KAUFMANN SMALL CAP FUND - C CLASS | |||||
ANNUAL EXPENSE RATIO: 2.03% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$206.01 |
$10,297.00 |
2 |
$10,297.00 |
$514.85 |
$10,811.85 |
$212.13 |
$10,602.82 |
3 |
$10,602.82 |
$530.14 |
$11,132.96 |
$218.43 |
$10,917.72 |
4 |
$10,917.72 |
$545.89 |
$11,463.61 |
$224.92 |
$11,241.98 |
5 |
$11,241.98 |
$562.10 |
$11,804.08 |
$231.60 |
$11,575.87 |
6 |
$11,575.87 |
$578.79 |
$12,154.66 |
$238.48 |
$11,919.67 |
7 |
$11,919.67 |
$595.98 |
$12,515.65 |
$245.56 |
$12,273.68 |
8 |
$12,273.68 |
$613.68 |
$12,887.36 |
$252.86 |
$12,638.21 |
Converts from Class C to Class A |
|
|
|
Annual Expense Ratio: 1.51% | |
9 |
$12,638.21 |
$631.91 |
$13,270.12 |
$194.17 |
$13,079.28 |
10 |
$13,079.28 |
$653.96 |
$13,733.24 |
$200.94 |
$13,535.75 |
Cumulative |
|
$5,727.30 |
|
$2,225.10 |
|
FEDERATED HERMES KAUFMANN SMALL CAP FUND - R CLASS | |||||
ANNUAL EXPENSE RATIO: 1.68% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$170.79 |
$10,332.00 |
2 |
$10,332.00 |
$516.60 |
$10,848.60 |
$176.46 |
$10,675.02 |
3 |
$10,675.02 |
$533.75 |
$11,208.77 |
$182.32 |
$11,029.43 |
4 |
$11,029.43 |
$551.47 |
$11,580.90 |
$188.37 |
$11,395.61 |
5 |
$11,395.61 |
$569.78 |
$11,965.39 |
$194.62 |
$11,773.94 |
6 |
$11,773.94 |
$588.70 |
$12,362.64 |
$201.09 |
$12,164.83 |
7 |
$12,164.83 |
$608.24 |
$12,773.07 |
$207.76 |
$12,568.70 |
8 |
$12,568.70 |
$628.44 |
$13,197.14 |
$214.66 |
$12,985.98 |
9 |
$12,985.98 |
$649.30 |
$13,635.28 |
$221.79 |
$13,417.11 |
10 |
$13,417.11 |
$670.86 |
$14,087.97 |
$229.15 |
$13,862.56 |
Cumulative |
|
$5,817.14 |
|
$1,987.01 |
|
FEDERATED HERMES KAUFMANN SMALL CAP FUND - IS CLASS | |||||
ANNUAL EXPENSE RATIO: 1.02% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$104.03 |
$10,398.00 |
2 |
$10,398.00 |
$519.90 |
$10,917.90 |
$108.17 |
$10,811.84 |
3 |
$10,811.84 |
$540.59 |
$11,352.43 |
$112.48 |
$11,242.15 |
4 |
$11,242.15 |
$562.11 |
$11,804.26 |
$116.95 |
$11,689.59 |
5 |
$11,689.59 |
$584.48 |
$12,274.07 |
$121.61 |
$12,154.84 |
6 |
$12,154.84 |
$607.74 |
$12,762.58 |
$126.45 |
$12,638.60 |
7 |
$12,638.60 |
$631.93 |
$13,270.53 |
$131.48 |
$13,141.62 |
8 |
$13,141.62 |
$657.08 |
$13,798.70 |
$136.71 |
$13,664.66 |
9 |
$13,664.66 |
$683.23 |
$14,347.89 |
$142.15 |
$14,208.51 |
10 |
$14,208.51 |
$710.43 |
$14,918.94 |
$147.81 |
$14,774.01 |
Cumulative |
|
$5,997.49 |
|
$1,247.84 |
|
FEDERATED HERMES KAUFMANN SMALL CAP FUND - R6 CLASS | |||||
ANNUAL EXPENSE RATIO: 0.93% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$94.89 |
$10,407.00 |
2 |
$10,407.00 |
$520.35 |
$10,927.35 |
$98.75 |
$10,830.56 |
3 |
$10,830.56 |
$541.53 |
$11,372.09 |
$102.77 |
$11,271.36 |
4 |
$11,271.36 |
$563.57 |
$11,834.93 |
$106.96 |
$11,730.10 |
5 |
$11,730.10 |
$586.51 |
$12,316.61 |
$111.31 |
$12,207.52 |
6 |
$12,207.52 |
$610.38 |
$12,817.90 |
$115.84 |
$12,704.37 |
7 |
$12,704.37 |
$635.22 |
$13,339.59 |
$120.56 |
$13,221.44 |
8 |
$13,221.44 |
$661.07 |
$13,882.51 |
$125.46 |
$13,759.55 |
9 |
$13,759.55 |
$687.98 |
$14,447.53 |
$130.57 |
$14,319.56 |
10 |
$14,319.56 |
$715.98 |
$15,035.54 |
$135.88 |
$14,902.37 |
Cumulative |
|
$6,022.59 |
|
$1,142.99 |
|
Share Class | Ticker |
A | FKASX |
B | FKBSX |
C | FKCSX |
R | FKKSX |
Institutional | FKAIX |
R6 | FKALX |
|
Contents |
1 |
|
1 |
|
1 |
|
11 |
|
15 |
|
17 |
|
20 |
|
23 |
|
23 |
|
23 |
|
23 |
|
24 |
|
25 |
|
46 |
|
47 |
|
52 |
|
53 |
|
2022 |
2021 |
2020 | |||
|
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Class A Shares |
$473,598 |
$77,050 |
$2,571,181 |
$281,849 |
$3,012,219 |
$326,144 |
Class B Shares |
$5,316 |
$5,316 |
$6,256 |
$6,256 |
$16,136 |
$16,136 |
Class C Shares |
$21,517 |
$21,517 |
$48,757 |
$48,757 |
$80,014 |
$80,014 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) for Past Five Years,
Other Directorships Held and Previous Position(s) |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
J. Christopher Donahue*
Birth Date: April 11, 1949
President and Trustee
Indefinite Term
Began serving: January 2000 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of the
Funds in the Federated Hermes Complex; President, Chief Executive
Officer and Director, Federated Hermes, Inc.; Chairman and Trustee,
Federated Investment Management Company; Trustee, Federated
Investment Counseling; Chairman and Director, Federated Global
Investment Management Corp.; Chairman and Trustee, Federated Equity
Management Company of Pennsylvania; Trustee, Federated Shareholder
Services Company; Director, Federated Services Company.
Previous Positions: President, Federated Investment Counseling; President
and Chief Executive Officer, Federated Investment Management Company,
Federated Global Investment Management Corp. and Passport
Research, Ltd.; Chairman, Passport Research, Ltd. |
$0 |
$0 |
John B. Fisher*
Birth Date: May 16, 1956
Trustee
Indefinite Term
Began serving: May 2016 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of
certain of the Funds in the Federated Hermes Complex; Director and Vice
President, Federated Hermes, Inc.; President, Director/Trustee and CEO,
Federated Advisory Services Company, Federated Equity Management
Company of Pennsylvania, Federated Global Investment Management
Corp., Federated Investment Counseling, Federated Investment
Management Company and Federated MDTA LLC; Director, Federated
Investors Trust Company.
Previous Positions: President and Director of the Institutional Sales
Division of Federated Securities Corp.; President and CEO of Passport
Research, Ltd.; Director and President, Technology, Federated
Services Company. |
$0 |
$0 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
John T. Collins
Birth Date: January 24, 1947
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee and Chair of the Board of
Directors or Trustees, of the Federated Hermes Complex; formerly,
Chairman and CEO, The Collins Group, Inc. (a private equity firm) (Retired).
Other Directorships Held: Director, KLX Energy Services Holdings, Inc.
(oilfield services); former Director of KLX Corp (aerospace).
Qualifications: Mr. Collins has served in several business and financial
management roles and directorship positions throughout his career.
Mr. Collins previously served as Chairman and CEO of The Collins Group,
Inc. (a private equity firm) and as a Director of KLX Corp. Mr. Collins serves
as Chairman Emeriti, Bentley University. Mr. Collins previously served as
Director and Audit Committee Member, Bank of America Corp.; Director,
FleetBoston Financial Corp.; and Director, Beth Israel Deaconess Medical
Center (Harvard University Affiliate Hospital). |
$7,516.70 |
$365,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
G. Thomas Hough
Birth Date: February 28, 1955
Trustee
Indefinite Term
Began serving: August 2015 |
Principal Occupations: Director or Trustee, Chair of the Audit Committee
of the Federated Hermes Complex; Retired.
Other Directorships Held: Director, Chair of the Audit Committee,
Equifax, Inc.; Lead Director, Member of the Audit and Nominating and
Corporate Governance Committees, Haverty Furniture Companies, Inc.;
formerly, Director, Member of Governance and Compensation Committees,
Publix Super Markets, Inc.
Qualifications: Mr. Hough has served in accounting, business management
and directorship positions throughout his career. Mr. Hough most recently
held the position of Americas Vice Chair of Assurance with Ernst &
Young LLP (public accounting firm). Mr. Hough serves on the President’s
Cabinet and Business School Board of Visitors for the University of
Alabama. Mr. Hough previously served on the Business School Board of
Visitors for Wake Forest University, and he previously served as an
Executive Committee member of the United States Golf Association. |
$7,109.14 |
$343,000 |
Maureen Lally-Green
Birth Date: July 5, 1949
Trustee
Indefinite Term
Began serving: August 2009 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Adjunct Professor Emerita of Law, Duquesne University School of
Law; formerly, Dean of the Duquesne University School of Law and
Professor of Law and Interim Dean of the Duquesne University School of
Law; formerly, Associate General Secretary and Director, Office of Church
Relations, Diocese of Pittsburgh.
Other Directorships Held: Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.).
Qualifications: Judge Lally-Green has served in various legal and business
roles and directorship positions throughout her career. Judge Lally-Green
previously held the position of Dean of the School of Law of Duquesne
University (as well as Interim Dean). Judge Lally-Green previously served as
a member of the Superior Court of Pennsylvania and as a Professor of Law,
Duquesne University School of Law. Judge Lally-Green was appointed by
the Supreme Court of Pennsylvania to serve on the Supreme Court’s Board
of Continuing Judicial Education and the Supreme Court’s Appellate Court
Procedural Rules Committee. Judge Lally-Green also currently holds the
positions on not for profit or for profit boards of directors as follows:
Director and Chair, UPMC Mercy Hospital; Regent, Saint Vincent Seminary;
Member, Pennsylvania State Board of Education (public); Director, Catholic
Charities, Pittsburgh; and Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.). Judge Lally-Green has held the positions
of: Director, Auberle; Director, Epilepsy Foundation of Western and Central
Pennsylvania; Director, Ireland Institute of Pittsburgh; Director, Saint
Thomas More Society; Director and Chair, Catholic High Schools of the
Diocese of Pittsburgh, Inc.; Director, Pennsylvania Bar Institute; Director,
Saint Vincent College; Director and Chair, North Catholic High School, Inc.;
Director and Vice Chair, Our Campaign for the Church Alive!, Inc.; and
Director, Saint Francis University. |
$6,415.57 |
$308,000 |
Thomas M. O’Neill
Birth Date: June 14, 1951
Trustee
Indefinite Term
Began serving: August 2006 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Sole Proprietor, Navigator Management Company (investment
and strategic consulting).
Other Directorships Held: None.
Qualifications: Mr. O’Neill has served in several business, mutual fund and
financial management roles and directorship positions throughout his
career. Mr. O’Neill serves as Director, Medicines for Humanity. Mr. O’Neill
previously served as Chief Executive Officer and President, Managing
Director and Chief Investment Officer, Fleet Investment Advisors; President
and Chief Executive Officer, Aeltus Investment Management, Inc.; General
Partner, Hellman, Jordan Management Co., Boston, MA; Chief Investment
Officer, The Putnam Companies, Boston, MA; Credit Analyst and Lending
Officer, Fleet Bank; Director and Consultant, EZE Castle Software
(investment order management software); Director, The Golisano Children’s
Museum of Naples, Florida; and Director, Midway Pacific (lumber). |
$6,415.57 |
$308,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
Madelyn A. Reilly
Birth Date: February 2, 1956
Trustee
Indefinite Term
Began serving: November 2020 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; formerly, Executive Vice President for Legal Affairs, General
Counsel and Secretary to the Board of Directors, Duquesne
University (Retired).
Other Directorships Held: None.
Qualifications: Ms. Reilly has served in various business and legal
management roles throughout her career. Ms. Reilly previously served as
Senior Vice President for Legal Affairs, General Counsel and Secretary to
the Board of Directors and Assistant General Counsel and Director of Risk
Management, Duquesne University. Prior to her work at Duquesne
University, Ms. Reilly served as Assistant General Counsel of Compliance
and Enterprise Risk as well as Senior Counsel of Environment, Health and
Safety, PPG Industries. Ms. Reilly currently serves as a member of the Board
of Directors of UPMC Mercy Hospital. |
$5,832.34 |
$280,000 |
P. Jerome Richey
Birth Date: February 23, 1949
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Management Consultant; Retired; formerly, Senior Vice
Chancellor and Chief Legal Officer, University of Pittsburgh and Executive
Vice President and Chief Legal Officer, CONSOL Energy Inc. (split into two
separate publicly traded companies known as CONSOL Energy Inc. and
CNX Resources Corp.).
Other Directorships Held: None.
Qualifications: Mr. Richey has served in several business and legal
management roles and directorship positions throughout his career.
Mr. Richey most recently held the positions of Senior Vice Chancellor and
Chief Legal Officer, University of Pittsburgh. Mr. Richey previously served as
Chairman of the Board, Epilepsy Foundation of Western Pennsylvania and
Chairman of the Board, World Affairs Council of Pittsburgh. Mr. Richey
previously served as Chief Legal Officer and Executive Vice President,
CONSOL Energy Inc. and CNX Gas Company; and Board Member, Ethics
Counsel and Shareholder, Buchanan Ingersoll & Rooney PC (a law firm). |
$6,415.57 |
$308,000 |
John S. Walsh
Birth Date: November 28, 1957
Trustee
Indefinite Term
Began serving: January 1999 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; President and Director, Heat Wagon, Inc. (manufacturer of
construction temporary heaters); President and Director, Manufacturers
Products, Inc. (distributor of portable construction heaters); President,
Portable Heater Parts, a division of Manufacturers Products, Inc.
Other Directorships Held: None.
Qualifications: Mr. Walsh has served in several business management roles
and directorship positions throughout his career. Mr. Walsh previously
served as Vice President, Walsh & Kelly, Inc. (paving contractors). |
$5,832.34 |
$280,000 |
Name
Birth Date
Address
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Previous Position(s) |
Lori A. Hensler
Birth Date: January 6, 1967
Treasurer
Officer since: April 2013 |
Principal Occupations: Principal Financial Officer and Treasurer of the Federated Hermes Complex; Senior Vice President,
Federated Administrative Services; Financial and Operations Principal for Federated Securities Corp.; and Assistant Treasurer,
Federated Investors Trust Company. Ms. Hensler has received the Certified Public Accountant designation.
Previous Positions: Controller of Federated Hermes, Inc.; Senior Vice President and Assistant Treasurer, Federated Investors
Management Company; Treasurer, Federated Investors Trust Company; Assistant Treasurer, Federated Administrative Services,
Federated Administrative Services, Inc., Federated Securities Corp., Edgewood Services, Inc., Federated Advisory Services
Company, Federated Equity Management Company of Pennsylvania, Federated Global Investment Management Corp.,
Federated Investment Counseling, Federated Investment Management Company, Passport Research, Ltd. and Federated MDTA,
LLC; Financial and Operations Principal for Federated Securities Corp., Edgewood Services, Inc. and Southpointe Distribution
Services, Inc. |
Peter J. Germain
Birth Date: September 3, 1959
CHIEF LEGAL OFFICER,
SECRETARY and EXECUTIVE
VICE PRESIDENT
Officer since: January 2005 |
Principal Occupations: Mr. Germain is Chief Legal Officer, Secretary and Executive Vice President of the Federated Hermes
Complex. He is General Counsel, Chief Legal Officer, Secretary and Executive Vice President, Federated Hermes, Inc.; Trustee
and Senior Vice President, Federated Investors Management Company; Trustee and President, Federated Administrative
Services; Director and President, Federated Administrative Services, Inc.; Director and Vice President, Federated Securities
Corp.; Director and Secretary, Federated Private Asset Management, Inc.; Secretary, Federated Shareholder Services Company;
and Secretary, Retirement Plan Service Company of America. Mr. Germain joined Federated Hermes, Inc. in 1984 and is a
member of the Pennsylvania Bar Association.
Previous Positions: Deputy General Counsel, Special Counsel, Managing Director of Mutual Fund Services, Federated Hermes,
Inc.; Senior Vice President, Federated Services Company; and Senior Corporate Counsel, Federated Hermes, Inc. |
Stephen Van Meter
Birth Date: June 5, 1975
CHIEF COMPLIANCE OFFICER
AND SENIOR VICE PRESIDENT
Officer since: July 2015 |
Principal Occupations: Senior Vice President and Chief Compliance Officer of the Federated Hermes Complex; Vice President
and Chief Compliance Officer of Federated Hermes, Inc. and Chief Compliance Officer of certain of its subsidiaries.
Mr. Van Meter joined Federated Hermes, Inc. in October 2011. He holds FINRA licenses under Series 3, 7, 24 and 66.
Previous Positions: Mr. Van Meter previously held the position of Compliance Operating Officer, Federated Hermes, Inc. Prior to
joining Federated Hermes, Inc., Mr. Van Meter served at the United States Securities and Exchange Commission in the positions
of Senior Counsel, Office of Chief Counsel, Division of Investment Management and Senior Counsel, Division of Enforcement. |
Stephen F. Auth
Birth Date: September 13, 1956
101 Park Avenue
41st Floor
New York, NY 10178
CHIEF INVESTMENT OFFICER
Officer since: November 2002 |
Principal Occupations: Stephen F. Auth is Chief Investment Officer of various Funds in the Federated Hermes Complex;
Executive Vice President, Federated Investment Counseling, Federated Global Investment Management Corp. and Federated
Equity Management Company of Pennsylvania.
Previous Positions: Executive Vice President, Federated Investment Management Company and Passport Research, Ltd.
(investment advisory subsidiary of Federated Hermes); Senior Vice President, Global Portfolio Management Services Division;
Senior Vice President, Federated Investment Management Company and Passport Research, Ltd.; Senior Managing Director and
Portfolio Manager, Prudential Investments. |
Director/Trustee Emeritus |
Compensation
From Fund
(past fiscal year) |
Total
Compensation
Paid to
Director/Trustee
Emeritus1
|
Peter E. Madden |
$1,267.63 |
$56,000.00 |
Charles F. Mansfield, Jr. |
$1,267.63 |
$56,000.00 |
Board
Committee |
Committee
Members |
Committee Functions |
Meetings Held
During Last
Fiscal Year |
Executive |
J. Christopher Donahue
John T. Collins
John S. Walsh |
In between meetings of the full Board, the Executive Committee generally may
exercise all the powers of the full Board in the management and direction of the
business and conduct of the affairs of the Trust in such manner as the Executive
Committee shall deem to be in the best interests of the Trust. However, the
Executive Committee cannot elect or remove Board members, increase or decrease
the number of Trustees, elect or remove any Officer, declare dividends, issue shares
or recommend to shareholders any action requiring shareholder approval. |
One |
Audit |
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
P. Jerome Richey |
The purposes of the Audit Committee are to oversee the accounting and financial
reporting process of the Fund, the Fund’s internal control over financial reporting
and the quality, integrity and independent audit of the Fund’s financial statements.
The Committee also oversees or assists the Board with the oversight of compliance
with legal requirements relating to those matters, approves the engagement and
reviews the qualifications, independence and performance of the Fund’s
independent registered public accounting firm, acts as a liaison between the
independent registered public accounting firm and the Board and reviews the Fund’s
internal audit function. |
Seven |
Nominating |
John T. Collins
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
Madelyn A. Reilly
P. Jerome Richey
John S. Walsh |
The Nominating Committee, whose members consist of all Independent Trustees,
selects and nominates persons for election to the Fund’s Board when vacancies
occur. The Committee will consider candidates recommended by shareholders,
Independent Trustees, officers or employees of any of the Fund’s agents or service
providers and counsel to the Fund. Any shareholder who desires to have an
individual considered for nomination by the Committee must submit a
recommendation in writing to the Secretary of the Fund, at the Fund’s address
appearing on the back cover of this SAI. The recommendation should include the
name and address of both the shareholder and the candidate and detailed
information concerning the candidate’s qualifications and experience. In identifying
and evaluating candidates for consideration, the Committee shall consider such
factors as it deems appropriate. Those factors will ordinarily include: integrity,
intelligence, collegiality, judgment, diversity, skill, business and other experience,
qualification as an “Independent Trustee,” the existence of material relationships
which may create the appearance of a lack of independence, financial or accounting
knowledge and experience and dedication and willingness to devote the time and
attention necessary to fulfill Board responsibilities. |
One |
Interested Board
Member Name |
Dollar Range of
Shares Owned in
Federated Hermes Kaufmann
Small Cap Fund |
Aggregate
Dollar Range of
Shares Owned in
Federated Hermes Family of
Investment Companies |
J. Christopher Donahue |
Over $100,000 |
Over $100,000 |
John B. Fisher |
None |
Over $100,000 |
Independent Board
Member Name |
|
|
John T. Collins |
None |
Over $100,000 |
G. Thomas Hough |
Over $100,000 |
Over $100,000 |
Maureen Lally-Green |
None |
Over $100,000 |
Thomas M. O’Neill |
None |
Over $100,000 |
Madelyn A. Reilly |
$10,001- $50,000 |
Over $100,000 |
P. Jerome Richey |
None |
Over $100,000 |
John S. Walsh |
Over $100,000 |
Over $100,000 |
Types of Accounts Managed
by Hans Utsch |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.5 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by John Ettinger |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.5 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Stephen DeNichilo |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.5 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Barbara Miller |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.5 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Thomas Brakel |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.5 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Mark Bauknight |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.5 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Steven Abrahamson |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$7.5 billion |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
62/$47.0 million |
Types of Accounts Managed
by Aditi Singhania |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
0/$0 |
Other Pooled Investment Vehicles |
0/$0 |
Other Accounts |
0/$0 |
Administrative Services
Fee Rate |
Average Daily Net Assets
of the Investment Complex |
0.100% |
on assets up to $50 billion |
0.075% |
on assets over $50 billion |
For the Year Ended October 31 |
2022 |
2021 |
2020 |
Advisory Fee Earned |
$49,933,950 |
$78,548,045 |
$43,836,668 |
Advisory Fee Waived |
$1,730,814 |
$1,269,529 |
$1,102,743 |
Advisory Fee Reimbursed |
$433,939 |
$797,902 |
$938,589 |
Sub-Advisory Fee |
$40,945,839 |
$64,409,397 |
$35,946,068 |
Brokerage Commissions |
$5,763,216 |
$6,597,680 |
$4,645,020 |
Net Administrative Fee |
$4,889,143 |
$7,676,523 |
$4,284,333 |
Net 12b-1 Fee: |
|
|
|
Class A Shares |
$1,964,178 |
$2,792,850 |
$1,890,293 |
Class B Shares |
$63,771 |
$119,492 |
$111,864 |
Class C Shares |
$2,028,701 |
$2,974,972 |
$1,862,088 |
Class R Shares |
$355,521 |
$513,312 |
$302,843 |
Net Shareholder Services Fee: |
|
|
|
Class A Shares |
$2,445,686 |
$3,490,470 |
$2,360,993 |
Class B Shares |
$21,257 |
$39,831 |
$37,288 |
Class C Shares |
$676,234 |
$991,657 |
$620,696 |
Gross income from securities lending activities |
$5,428,629 |
Fees and/or compensation for securities lending activities and related services |
|
Fees paid to securities lending agent from a revenue split |
(542,862) |
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not
included in the revenue split |
— |
Administrative fees not included in revenue split |
— |
Indemnification fee not included in revenue split |
— |
Rebate (paid to borrower) |
— |
Other fees not included in revenue split (specify) |
— |
Aggregate fees/compensation for securities lending activities |
$(542,862) |
Net income from securities lending activities |
$4,885,767 |
Share Class | Ticker |
A | FGSAX |
C | FGSCX |
Institutional | FGSIX |
R6 | FGSKX |
|
A |
C |
IS |
R6 |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) |
|
|
|
|
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions)
(as a percentage of offering price) |
|
|
|
|
Redemption Fee (as a percentage of amount redeemed, if applicable) |
|
|
|
|
Exchange Fee |
|
|
|
|
|
A |
C |
IS |
R6 |
Management Fee |
|
|
|
|
Distribution (12b-1) Fee |
|
|
|
|
Other Expenses |
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
Fee Waivers and/or Expense Reimbursements1 |
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
|
|
|
|
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
A: |
|
|
|
|
Expenses assuming redemption |
$669 |
$922 |
$1,194 |
$1,967 |
Expenses assuming no redemption |
$669 |
$922 |
$1,194 |
$1,967 |
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
C: |
|
|
|
|
Expenses assuming redemption |
$305 |
$634 |
$1,088 |
$2,147 |
Expenses assuming no redemption |
$205 |
$634 |
$1,088 |
$2,147 |
IS: |
|
|
|
|
Expenses assuming redemption |
$105 |
$328 |
$569 |
$1,259 |
Expenses assuming no redemption |
$105 |
$328 |
$569 |
$1,259 |
R6: |
|
|
|
|
Expenses assuming redemption |
$95 |
$296 |
$515 |
$1,143 |
Expenses assuming no redemption |
$95 |
$296 |
$515 |
$1,143 |
Share Class |
1 Year |
5 Years |
10 Years |
A: |
|
|
|
Return Before Taxes |
|
|
|
Return After Taxes on Distributions |
|
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
|
C: |
|
|
|
Return Before Taxes |
|
|
|
IS: |
|
|
|
Return Before Taxes |
|
|
|
R6: |
|
|
|
Return Before Taxes |
|
|
|
Russell Midcap® Growth Index1
(reflects no deduction for fees, expenses or taxes) |
|
|
|
Morningstar Mid-Cap Growth Funds Average2 |
|
|
|
|
Minimum
Initial/Subsequent
Investment
Amounts1
|
Maximum Sales Charges | |
Shares Offered |
Front-End
Sales Charge2
|
Contingent
Deferred
Sales Charge3
| |
A |
$1,500/$100 |
5.50% |
0.00% |
C |
$1,500/$100 |
None |
1.00% |
A: |
|
|
Purchase Amount |
Sales Charge
as a Percentage
of Public
Offering Price |
Sales Charge
as a Percentage
of NAV |
Less than $50,000 |
5.50% |
5.82% |
$50,000 but less than $100,000 |
4.50% |
4.71% |
$100,000 but less than $250,000 |
3.75% |
3.90% |
$250,000 but less than $500,000 |
2.50% |
2.56% |
$500,000 but less than $1 million |
2.00% |
2.04% |
$1 million or greater1
|
0.00% |
0.00% |
A: |
|
|
If you make a purchase of the A class in the amount of $1 million or more and your financial intermediary received an advance commission on the sale, you will
pay a 0.75% CDSC on any such Shares redeemed within 24 months of the purchase. | ||
C: |
|
|
You will pay a 1.00% CDSC if you redeem Shares within 12 months of the purchase date. |
A: |
|
Purchase Amount |
Dealer Reallowance
as a Percentage of
Public Offering Price |
Less than $50,000 |
5.00% |
$50,000 but less than $100,000 |
4.00% |
$100,000 but less than $250,000 |
3.25% |
$250,000 but less than $500,000 |
2.25% |
$500,000 but less than $1 million |
1.80% |
$1 million or greater |
0.00% |
A (for purchases over $1 million): |
|
Purchase Amount |
Advance Commission
as a Percentage of
Public Offering Price |
First $1 million - $5 million |
0.75% |
Next $5 million - $20 million |
0.50% |
Over $20 million |
0.25% |
C: |
|
|
Advance Commission
as a Percentage of
Public Offering Price |
All Purchase Amounts |
1.00% |
|
1 Year |
5 Years |
10 Years |
Federated MDT Mid Cap Growth Composite3 |
|
|
|
Net Returns (after fees/expenses) |
23.01% |
21.11% |
18.00% |
Gross Returns |
23.92% |
22.08% |
19.03% |
Russell Midcap Growth Index1
(reflects no deduction for fees, expenses or taxes) |
12.73% |
19.83% |
16.62% |
Morningstar Separate Account Mid-Cap Growth Average2 |
16.17% |
19.35% |
16.19% |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$62.37 |
$44.93 |
$41.20 |
$41.35 |
$43.07 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.11) |
(0.39) |
(0.19) |
(0.07) |
(0.14) |
Net realized and unrealized gain (loss) |
(13.61) |
21.36 |
7.14 |
4.77 |
3.92 |
Total From Investment Operations |
(13.72) |
20.97 |
6.95 |
4.70 |
3.78 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(12.42) |
(3.53) |
(3.22) |
(4.85) |
(5.50) |
Net Asset Value, End of Period |
$36.23 |
$62.37 |
$44.93 |
$41.20 |
$41.35 |
Total Return2 |
(26.23)% |
49.08% |
18.07% |
13.40% |
9.43% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.14% |
1.13% |
1.14% |
1.14% |
1.22% |
Net investment income (loss) |
(0.27)% |
(0.73)% |
(0.46)% |
(0.18)% |
(0.33)% |
Expense waiver/reimbursement4 |
0.09% |
0.08% |
0.11% |
0.11% |
0.06% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$243,046 |
$367,018 |
$266,252 |
$257,818 |
$238,586 |
Portfolio turnover5 |
174% |
141% |
227% |
179% |
171% |
1 |
Per share number has been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$36.97 |
$28.09 |
$27.12 |
$29.12 |
$32.11 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
(0.22) |
(0.48) |
(0.31) |
(0.25) |
(0.33) |
Net realized and unrealized gain (loss) |
(6.99) |
12.89 |
4.50 |
3.10 |
2.84 |
Total From Investment Operations |
(7.21) |
12.41 |
4.19 |
2.85 |
2.51 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(12.42) |
(3.53) |
(3.22) |
(4.85) |
(5.50) |
Net Asset Value, End of Period |
$17.34 |
$36.97 |
$28.09 |
$27.12 |
$29.12 |
Total Return2 |
(26.83)% |
47.91% |
17.17% |
12.54% |
8.58% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
1.93% |
1.92% |
1.93% |
1.88% |
1.97% |
Net investment income (loss) |
(1.07)% |
(1.51)% |
(1.23)% |
(0.94)% |
(1.09)% |
Expense waiver/reimbursement4 |
0.09% |
0.08% |
0.12% |
0.16% |
0.08% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$9,600 |
$16,184 |
$13,309 |
$15,460 |
$10,619 |
Portfolio turnover5 |
174% |
141% |
227% |
179% |
171% |
1 |
Per share number has been calculated using the average shares method. |
2 |
Based on net asset value, which does not reflect the sales charge, redemption fee or contingent deferred sales charge, if applicable. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$65.24 |
$46.74 |
$42.60 |
$42.48 |
$44.01 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
0.01 |
(0.25) |
(0.06) |
0.04 |
(0.05) |
Net realized and unrealized gain (loss) |
(14.36) |
22.28 |
7.42 |
4.93 |
4.02 |
Total From Investment Operations |
(14.35) |
22.03 |
7.36 |
4.97 |
3.97 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(12.42) |
(3.53) |
(3.22) |
(4.85) |
(5.50) |
Net Asset Value, End of Period |
$38.47 |
$65.24 |
$46.74 |
$42.60 |
$42.48 |
Total Return2 |
(26.00)% |
49.47% |
18.46% |
13.71% |
9.69% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
0.84% |
0.84% |
0.84% |
0.84% |
0.95% |
Net investment income (loss) |
0.02% |
(0.44)% |
(0.13)% |
0.10% |
(0.12)% |
Expense waiver/reimbursement4 |
0.18% |
0.15% |
0.19% |
0.21% |
0.07% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$169,730 |
$279,045 |
$188,839 |
$246,222 |
$177,959 |
Portfolio turnover5 |
174% |
141% |
227% |
179% |
171% |
1 |
Per share number has been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Net Asset Value, Beginning of Period |
$58.16 |
$41.99 |
$38.59 |
$38.95 |
$40.80 |
Income From Investment Operations: |
|
|
|
|
|
Net investment income (loss)1 |
0.02 |
(0.22) |
(0.05) |
0.01 |
(0.03) |
Net realized and unrealized gain (loss) |
(12.53) |
19.92 |
6.67 |
4.48 |
3.68 |
Total From Investment Operations |
(12.51) |
19.70 |
6.62 |
4.49 |
3.65 |
Less Distributions: |
|
|
|
|
|
Distributions from net realized gain |
(12.42) |
(3.53) |
(3.22) |
(4.85) |
(5.50) |
Net Asset Value, End of Period |
$33.23 |
$58.16 |
$41.99 |
$38.59 |
$38.95 |
Total Return2 |
(26.00)% |
49.52% |
18.46% |
13.72% |
9.67% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net expenses3 |
0.83% |
0.83% |
0.83% |
0.83% |
0.95% |
Net investment income (loss) |
0.04% |
(0.43)% |
(0.14)% |
0.03% |
(0.08)% |
Expense waiver/reimbursement4 |
0.09% |
0.08% |
0.11% |
0.11% |
0.02% |
Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000 omitted) |
$36,273 |
$49,431 |
$31,388 |
$31,590 |
$6,576 |
Portfolio turnover5 |
174% |
141% |
227% |
179% |
171% |
1 |
Per share number has been calculated using the average shares method. |
2 |
Based on net asset value. |
3 |
Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 |
This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/
reimbursement recorded by investment companies in which the Fund may invest. |
5 |
Securities that mature are considered sales for purposes of this calculation. |
FEDERATED HERMES MDT MID CAP GROWTH FUND - A CLASS | |||||
ANNUAL EXPENSE RATIO: 1.24% | |||||
MAXIMUM FRONT-END SALES CHARGE: 5.50% | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$472.50 |
$9,922.50 |
$669.38 |
$9,805.32 |
2 |
$9,805.32 |
$490.27 |
$10,295.59 |
$123.87 |
$10,174.00 |
3 |
$10,174.00 |
$508.70 |
$10,682.70 |
$128.53 |
$10,556.54 |
4 |
$10,556.54 |
$527.83 |
$11,084.37 |
$133.36 |
$10,953.47 |
5 |
$10,953.47 |
$547.67 |
$11,501.14 |
$138.38 |
$11,365.32 |
6 |
$11,365.32 |
$568.27 |
$11,933.59 |
$143.58 |
$11,792.66 |
7 |
$11,792.66 |
$589.63 |
$12,382.29 |
$148.98 |
$12,236.06 |
8 |
$12,236.06 |
$611.80 |
$12,847.86 |
$154.58 |
$12,696.14 |
9 |
$12,696.14 |
$634.81 |
$13,330.95 |
$160.39 |
$13,173.51 |
10 |
$13,173.51 |
$658.68 |
$13,832.19 |
$166.42 |
$13,668.83 |
Cumulative |
|
$5,610.16 |
|
$1,967.47 |
|
FEDERATED HERMES MDT MID CAP GROWTH FUND - C CLASS | |||||
ANNUAL EXPENSE RATIO: 2.02% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$205.01 |
$10,298.00 |
2 |
$10,298.00 |
$514.90 |
$10,812.90 |
$211.12 |
$10,604.88 |
3 |
$10,604.88 |
$530.24 |
$11,135.12 |
$217.41 |
$10,920.91 |
4 |
$10,920.91 |
$546.05 |
$11,466.96 |
$223.89 |
$11,246.35 |
5 |
$11,246.35 |
$562.32 |
$11,808.67 |
$230.56 |
$11,581.49 |
6 |
$11,581.49 |
$579.07 |
$12,160.56 |
$237.43 |
$11,926.62 |
7 |
$11,926.62 |
$596.33 |
$12,522.95 |
$244.51 |
$12,282.03 |
8 |
$12,282.03 |
$614.10 |
$12,896.13 |
$251.79 |
$12,648.03 |
Converts from Class C to Class A |
|
|
|
Annual Expense Ratio 1.24% | |
9 |
$12,648.03 |
$632.40 |
$13,280.43 |
$159.78 |
$13,123.60 |
10 |
$13,123.60 |
$656.18 |
$13,779.78 |
$165.79 |
$13,617.05 |
Cumulative |
|
$5,731.59 |
|
$2,147.29 |
|
FEDERATED HERMES MDT MID CAP GROWTH FUND - IS CLASS | |||||
ANNUAL EXPENSE RATIO: 1.03% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$105.04 |
$10,397.00 |
2 |
$10,397.00 |
$519.85 |
$10,916.85 |
$109.21 |
$10,809.76 |
3 |
$10,809.76 |
$540.49 |
$11,350.25 |
$113.55 |
$11,238.91 |
4 |
$11,238.91 |
$561.95 |
$11,800.86 |
$118.06 |
$11,685.09 |
5 |
$11,685.09 |
$584.25 |
$12,269.34 |
$122.75 |
$12,148.99 |
6 |
$12,148.99 |
$607.45 |
$12,756.44 |
$127.62 |
$12,631.30 |
7 |
$12,631.30 |
$631.57 |
$13,262.87 |
$132.68 |
$13,132.76 |
8 |
$13,132.76 |
$656.64 |
$13,789.40 |
$137.95 |
$13,654.13 |
9 |
$13,654.13 |
$682.71 |
$14,336.84 |
$143.43 |
$14,196.20 |
10 |
$14,196.20 |
$709.81 |
$14,906.01 |
$149.12 |
$14,759.79 |
Cumulative |
|
$5,994.72 |
|
$1,259.41 |
|
FEDERATED HERMES MDT MID CAP GROWTH FUND - R6 CLASS | |||||
ANNUAL EXPENSE RATIO: 0.93% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$94.89 |
$10,407.00 |
2 |
$10,407.00 |
$520.35 |
$10,927.35 |
$98.75 |
$10,830.56 |
3 |
$10,830.56 |
$541.53 |
$11,372.09 |
$102.77 |
$11,271.36 |
4 |
$11,271.36 |
$563.57 |
$11,834.93 |
$106.96 |
$11,730.10 |
5 |
$11,730.10 |
$586.51 |
$12,316.61 |
$111.31 |
$12,207.52 |
6 |
$12,207.52 |
$610.38 |
$12,817.90 |
$115.84 |
$12,704.37 |
7 |
$12,704.37 |
$635.22 |
$13,339.59 |
$120.56 |
$13,221.44 |
8 |
$13,221.44 |
$661.07 |
$13,882.51 |
$125.46 |
$13,759.55 |
9 |
$13,759.55 |
$687.98 |
$14,447.53 |
$130.57 |
$14,319.56 |
10 |
$14,319.56 |
$715.98 |
$15,035.54 |
$135.88 |
$14,902.37 |
Cumulative |
|
$6,022.59 |
|
$1,142.99 |
|
Share Class | Ticker |
A | FGSAX |
C | FGSCX |
Institutional | FGSIX |
R6 | FGSKX |
|
Contents |
1 |
|
1 |
|
1 |
|
13 |
|
19 |
|
21 |
|
23 |
|
27 |
|
27 |
|
27 |
|
27 |
|
28 |
|
29 |
|
45 |
|
46 |
|
51 |
|
52 |
|
2022 |
2021 |
2020 | |||
|
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
A Class |
$64,713 |
$7,090 |
$0 |
$0 |
$75,403 |
$8,130 |
C Class |
$321 |
$321 |
$578 |
$578 |
$2,974 |
$2,974 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) for Past Five Years,
Other Directorships Held and Previous Position(s) |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
J. Christopher Donahue*
Birth Date: April 11, 1949
President and Trustee
Indefinite Term
Began serving: September 1999 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of the
Funds in the Federated Hermes Complex; President, Chief Executive
Officer and Director, Federated Hermes, Inc.; Chairman and Trustee,
Federated Investment Management Company; Trustee, Federated
Investment Counseling; Chairman and Director, Federated Global
Investment Management Corp.; Chairman and Trustee, Federated Equity
Management Company of Pennsylvania; Trustee, Federated Shareholder
Services Company; Director, Federated Services Company.
Previous Positions: President, Federated Investment Counseling; President
and Chief Executive Officer, Federated Investment Management Company,
Federated Global Investment Management Corp. and Passport
Research, Ltd.; Chairman, Passport Research, Ltd. |
$0 |
$0 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) for Past Five Years,
Other Directorships Held and Previous Position(s) |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
John B. Fisher*
Birth Date: May 16, 1956
Trustee
Indefinite Term
Began serving: May 2016 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of
certain of the Funds in the Federated Hermes Complex; Director and Vice
President, Federated Hermes, Inc.; President, Director/Trustee and CEO,
Federated Advisory Services Company, Federated Equity Management
Company of Pennsylvania, Federated Global Investment Management
Corp., Federated Investment Counseling, Federated Investment
Management Company and Federated MDTA LLC; Director, Federated
Investors Trust Company.
Previous Positions: President and Director of the Institutional Sales
Division of Federated Securities Corp.; President and CEO of Passport
Research, Ltd.; Director and President, Technology, Federated
Services Company. |
$0 |
$0 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
John T. Collins
Birth Date: January 24, 1947
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee and Chair of the Board of
Directors or Trustees, of the Federated Hermes Complex; formerly,
Chairman and CEO, The Collins Group, Inc. (a private equity firm) (Retired).
Other Directorships Held: Director, KLX Energy Services Holdings, Inc.
(oilfield services); former Director of KLX Corp (aerospace).
Qualifications: Mr. Collins has served in several business and financial
management roles and directorship positions throughout his career.
Mr. Collins previously served as Chairman and CEO of The Collins Group,
Inc. (a private equity firm) and as a Director of KLX Corp. Mr. Collins serves
as Chairman Emeriti, Bentley University. Mr. Collins previously served as
Director and Audit Committee Member, Bank of America Corp.; Director,
FleetBoston Financial Corp.; and Director, Beth Israel Deaconess Medical
Center (Harvard University Affiliate Hospital). |
$695.62 |
$365,000 |
G. Thomas Hough
Birth Date: February 28, 1955
Trustee
Indefinite Term
Began serving: August 2015 |
Principal Occupations: Director or Trustee, Chair of the Audit Committee
of the Federated Hermes Complex; Retired.
Other Directorships Held: Director, Chair of the Audit Committee,
Equifax, Inc.; Lead Director, Member of the Audit and Nominating and
Corporate Governance Committees, Haverty Furniture Companies, Inc.;
formerly, Director, Member of Governance and Compensation Committees,
Publix Super Markets, Inc.
Qualifications: Mr. Hough has served in accounting, business management
and directorship positions throughout his career. Mr. Hough most recently
held the position of Americas Vice Chair of Assurance with Ernst &
Young LLP (public accounting firm). Mr. Hough serves on the President’s
Cabinet and Business School Board of Visitors for the University of
Alabama. Mr. Hough previously served on the Business School Board of
Visitors for Wake Forest University, and he previously served as an
Executive Committee member of the United States Golf Association. |
$658.10 |
$343,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
Maureen Lally-Green
Birth Date: July 5, 1949
Trustee
Indefinite Term
Began serving: August 2009 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Adjunct Professor Emerita of Law, Duquesne University School of
Law; formerly, Dean of the Duquesne University School of Law and
Professor of Law and Interim Dean of the Duquesne University School of
Law; formerly, Associate General Secretary and Director, Office of Church
Relations, Diocese of Pittsburgh.
Other Directorships Held: Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.).
Qualifications: Judge Lally-Green has served in various legal and business
roles and directorship positions throughout her career. Judge Lally-Green
previously held the position of Dean of the School of Law of Duquesne
University (as well as Interim Dean). Judge Lally-Green previously served as
a member of the Superior Court of Pennsylvania and as a Professor of Law,
Duquesne University School of Law. Judge Lally-Green was appointed by
the Supreme Court of Pennsylvania to serve on the Supreme Court’s Board
of Continuing Judicial Education and the Supreme Court’s Appellate Court
Procedural Rules Committee. Judge Lally-Green also currently holds the
positions on not for profit or for profit boards of directors as follows:
Director and Chair, UPMC Mercy Hospital; Regent, Saint Vincent Seminary;
Member, Pennsylvania State Board of Education (public); Director, Catholic
Charities, Pittsburgh; and Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.). Judge Lally-Green has held the positions
of: Director, Auberle; Director, Epilepsy Foundation of Western and Central
Pennsylvania; Director, Ireland Institute of Pittsburgh; Director, Saint
Thomas More Society; Director and Chair, Catholic High Schools of the
Diocese of Pittsburgh, Inc.; Director, Pennsylvania Bar Institute; Director,
Saint Vincent College; Director and Chair, North Catholic High School, Inc.;
Director and Vice Chair, Our Campaign for the Church Alive!, Inc.; and
Director, Saint Francis University. |
$594.05 |
$308,000 |
Thomas M. O’Neill
Birth Date: June 14, 1951
Trustee
Indefinite Term
Began serving: August 2006 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Sole Proprietor, Navigator Management Company (investment
and strategic consulting).
Other Directorships Held: None.
Qualifications: Mr. O’Neill has served in several business, mutual fund and
financial management roles and directorship positions throughout his
career. Mr. O’Neill serves as Director, Medicines for Humanity. Mr. O’Neill
previously served as Chief Executive Officer and President, Managing
Director and Chief Investment Officer, Fleet Investment Advisors; President
and Chief Executive Officer, Aeltus Investment Management, Inc.; General
Partner, Hellman, Jordan Management Co., Boston, MA; Chief Investment
Officer, The Putnam Companies, Boston, MA; Credit Analyst and Lending
Officer, Fleet Bank; Director and Consultant, EZE Castle Software
(investment order management software); Director, The Golisano Children’s
Museum of Naples, Florida; and Director, Midway Pacific (lumber). |
$594.05 |
$308,000 |
Madelyn A. Reilly
Birth Date: February 2, 1956
Trustee
Indefinite Term
Began serving: November 2020 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; formerly, Executive Vice President for Legal Affairs, General
Counsel and Secretary to the Board of Directors, Duquesne
University (Retired).
Other Directorships Held: None.
Qualifications: Ms. Reilly has served in various business and legal
management roles throughout her career. Ms. Reilly previously served as
Senior Vice President for Legal Affairs, General Counsel and Secretary to
the Board of Directors and Assistant General Counsel and Director of Risk
Management, Duquesne University. Prior to her work at Duquesne
University, Ms. Reilly served as Assistant General Counsel of Compliance
and Enterprise Risk as well as Senior Counsel of Environment, Health and
Safety, PPG Industries. Ms. Reilly currently serves as a member of the Board
of Directors of UPMC Mercy Hospital. |
$540.03 |
$280,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
P. Jerome Richey
Birth Date: February 23, 1949
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Management Consultant; Retired; formerly, Senior Vice
Chancellor and Chief Legal Officer, University of Pittsburgh and Executive
Vice President and Chief Legal Officer, CONSOL Energy Inc. (split into two
separate publicly traded companies known as CONSOL Energy Inc. and
CNX Resources Corp.).
Other Directorships Held: None.
Qualifications: Mr. Richey has served in several business and legal
management roles and directorship positions throughout his career.
Mr. Richey most recently held the positions of Senior Vice Chancellor and
Chief Legal Officer, University of Pittsburgh. Mr. Richey previously served as
Chairman of the Board, Epilepsy Foundation of Western Pennsylvania and
Chairman of the Board, World Affairs Council of Pittsburgh. Mr. Richey
previously served as Chief Legal Officer and Executive Vice President,
CONSOL Energy Inc. and CNX Gas Company; and Board Member, Ethics
Counsel and Shareholder, Buchanan Ingersoll & Rooney PC (a law firm). |
$594.05 |
$308,000 |
John S. Walsh
Birth Date: November 28, 1957
Trustee
Indefinite Term
Began serving: January 1999 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; President and Director, Heat Wagon, Inc. (manufacturer of
construction temporary heaters); President and Director, Manufacturers
Products, Inc. (distributor of portable construction heaters); President,
Portable Heater Parts, a division of Manufacturers Products, Inc.
Other Directorships Held: None.
Qualifications: Mr. Walsh has served in several business management roles
and directorship positions throughout his career. Mr. Walsh previously
served as Vice President, Walsh & Kelly, Inc. (paving contractors). |
$540.03 |
$280,000 |
Name
Birth Date
Address
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Previous Position(s) |
Lori A. Hensler
Birth Date: January 6, 1967
Treasurer
Officer since: April 2013 |
Principal Occupations: Principal Financial Officer and Treasurer of the Federated Hermes Complex; Senior Vice President,
Federated Administrative Services; Financial and Operations Principal for Federated Securities Corp.; and Assistant Treasurer,
Federated Investors Trust Company. Ms. Hensler has received the Certified Public Accountant designation.
Previous Positions: Controller of Federated Hermes, Inc.; Senior Vice President and Assistant Treasurer, Federated Investors
Management Company; Treasurer, Federated Investors Trust Company; Assistant Treasurer, Federated Administrative Services,
Federated Administrative Services, Inc., Federated Securities Corp., Edgewood Services, Inc., Federated Advisory Services
Company, Federated Equity Management Company of Pennsylvania, Federated Global Investment Management Corp.,
Federated Investment Counseling, Federated Investment Management Company, Passport Research, Ltd. and Federated MDTA,
LLC; Financial and Operations Principal for Federated Securities Corp., Edgewood Services, Inc. and Southpointe Distribution
Services, Inc. |
Peter J. Germain
Birth Date: September 3, 1959
CHIEF LEGAL OFFICER,
SECRETARY and EXECUTIVE
VICE PRESIDENT
Officer since: January 2005 |
Principal Occupations: Mr. Germain is Chief Legal Officer, Secretary and Executive Vice President of the Federated Hermes
Complex. He is General Counsel, Chief Legal Officer, Secretary and Executive Vice President, Federated Hermes, Inc.; Trustee
and Senior Vice President, Federated Investors Management Company; Trustee and President, Federated Administrative
Services; Director and President, Federated Administrative Services, Inc.; Director and Vice President, Federated Securities
Corp.; Director and Secretary, Federated Private Asset Management, Inc.; Secretary, Federated Shareholder Services Company;
and Secretary, Retirement Plan Service Company of America. Mr. Germain joined Federated Hermes, Inc. in 1984 and is a
member of the Pennsylvania Bar Association.
Previous Positions: Deputy General Counsel, Special Counsel, Managing Director of Mutual Fund Services, Federated Hermes,
Inc.; Senior Vice President, Federated Services Company; and Senior Corporate Counsel, Federated Hermes, Inc. |
Name
Birth Date
Address
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Previous Position(s) |
Stephen Van Meter
Birth Date: June 5, 1975
CHIEF COMPLIANCE OFFICER
AND SENIOR VICE PRESIDENT
Officer since: July 2015 |
Principal Occupations: Senior Vice President and Chief Compliance Officer of the Federated Hermes Complex; Vice President
and Chief Compliance Officer of Federated Hermes, Inc. and Chief Compliance Officer of certain of its subsidiaries.
Mr. Van Meter joined Federated Hermes, Inc. in October 2011. He holds FINRA licenses under Series 3, 7, 24 and 66.
Previous Positions: Mr. Van Meter previously held the position of Compliance Operating Officer, Federated Hermes, Inc. Prior to
joining Federated Hermes, Inc., Mr. Van Meter served at the United States Securities and Exchange Commission in the positions
of Senior Counsel, Office of Chief Counsel, Division of Investment Management and Senior Counsel, Division of Enforcement. |
Stephen F. Auth
Birth Date: September 13, 1956
101 Park Avenue
41st Floor
New York, NY 10178
CHIEF INVESTMENT OFFICER
Officer since: November 2002 |
Principal Occupations: Stephen F. Auth is Chief Investment Officer of various Funds in the Federated Hermes Complex;
Executive Vice President, Federated Investment Counseling, Federated Global Investment Management Corp. and Federated
Equity Management Company of Pennsylvania.
Previous Positions: Executive Vice President, Federated Investment Management Company and Passport Research, Ltd.
(investment advisory subsidiary of Federated Hermes); Senior Vice President, Global Portfolio Management Services Division;
Senior Vice President, Federated Investment Management Company and Passport Research, Ltd.; Senior Managing Director and
Portfolio Manager, Prudential Investments. |
Director/Trustee Emeritus |
Compensation
From Fund
(past fiscal year) |
Total
Compensation
Paid to
Director/Trustee
Emeritus1
|
Peter E. Madden |
$94.80 |
$56,000.00 |
Charles F. Mansfield, Jr. |
$94.80 |
$56,000.00 |
Board
Committee |
Committee
Members |
Committee Functions |
Meetings Held
During Last
Fiscal Year |
Executive |
J. Christopher Donahue
John T. Collins
John S. Walsh |
In between meetings of the full Board, the Executive Committee generally may
exercise all the powers of the full Board in the management and direction of the
business and conduct of the affairs of the Trust in such manner as the Executive
Committee shall deem to be in the best interests of the Trust. However, the
Executive Committee cannot elect or remove Board members, increase or decrease
the number of Trustees, elect or remove any Officer, declare dividends, issue shares
or recommend to shareholders any action requiring shareholder approval. |
One |
Audit |
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
P. Jerome Richey |
The purposes of the Audit Committee are to oversee the accounting and financial
reporting process of the Fund, the Fund’s internal control over financial reporting
and the quality, integrity and independent audit of the Fund’s financial statements.
The Committee also oversees or assists the Board with the oversight of compliance
with legal requirements relating to those matters, approves the engagement and
reviews the qualifications, independence and performance of the Fund’s
independent registered public accounting firm, acts as a liaison between the
independent registered public accounting firm and the Board and reviews the Fund’s
internal audit function. |
Seven |
Nominating |
John T. Collins
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
Madelyn A. Reilly
P. Jerome Richey
John S. Walsh |
The Nominating Committee, whose members consist of all Independent Trustees,
selects and nominates persons for election to the Fund’s Board when vacancies
occur. The Committee will consider candidates recommended by shareholders,
Independent Trustees, officers or employees of any of the Fund’s agents or service
providers and counsel to the Fund. Any shareholder who desires to have an
individual considered for nomination by the Committee must submit a
recommendation in writing to the Secretary of the Fund, at the Fund’s address
appearing on the back cover of this SAI. The recommendation should include the
name and address of both the shareholder and the candidate and detailed
information concerning the candidate’s qualifications and experience. In identifying
and evaluating candidates for consideration, the Committee shall consider such
factors as it deems appropriate. Those factors will ordinarily include: integrity,
intelligence, collegiality, judgment, diversity, skill, business and other experience,
qualification as an “Independent Trustee,” the existence of material relationships
which may create the appearance of a lack of independence, financial or accounting
knowledge and experience and dedication and willingness to devote the time and
attention necessary to fulfill Board responsibilities. |
One |
Interested Board
Member Name |
Dollar Range of
Shares Owned in
Federated Hermes MDT Mid Cap
Growth Fund |
Aggregate
Dollar Range of
Shares Owned in
Federated Hermes Family of
Investment Companies |
J. Christopher Donahue |
Over $100,000 |
Over $100,000 |
John B. Fisher |
None |
Over $100,000 |
Independent Board
Member Name |
|
|
John T. Collins |
$50,001-$100,000 |
Over $100,000 |
G. Thomas Hough |
None |
Over $100,000 |
Maureen Lally-Green |
None |
Over $100,000 |
Thomas M. O’Neill |
None |
Over $100,000 |
Madelyn A. Reilly |
None |
Over $100,000 |
P. Jerome Richey |
None |
Over $100,000 |
John S. Walsh |
None |
Over $100,000 |
Types of Accounts Managed
by Daniel Mahr |
Total Number of Additional
Accounts Managed/Total Assets* |
Additional Accounts/Assets Managed
that are Subject to Advisory Fee
Based on Account Performance |
Registered Investment Companies |
7/$4.1 billion |
0/$0 |
Other Pooled Investment Vehicles |
0/$0 |
0/$0 |
Other Accounts |
200/$2.6 billion |
1/$94.9 million |
Types of Accounts Managed
by Frederick Konopka |
Total Number of Additional
Accounts Managed/Total Assets* |
Additional Accounts/Assets Managed
that are Subject to Advisory Fee
Based on Account Performance |
Registered Investment Companies |
7/$4.1 billion |
0/$0 |
Other Pooled Investment Vehicles |
0/$0 |
0/$0 |
Other Accounts |
200/$2.6 billion |
1/$94.9 million |
Types of Accounts Managed
by John Paul Lewicke |
Total Number of Additional
Accounts Managed/Total Assets* |
Additional Accounts/Assets Managed
that are Subject to Advisory Fee
Based on Account Performance |
Registered Investment Companies |
7/$4.1 billion |
0/$0 |
Other Pooled Investment Vehicles |
0/$0 |
0/$0 |
Other Accounts |
200/$2.6 billion |
1/$94.9 million |
Types of Accounts Managed
by Damien Zhang |
Total Number of Additional
Accounts Managed/Total Assets* |
Additional Accounts/Assets Managed
that are Subject to Advisory Fee
Based on Account Performance |
Registered Investment Companies |
7/$4.1 billion |
0/$0 |
Other Pooled Investment Vehicles |
0/$0 |
0/$0 |
Other Accounts |
200/$2.6 billion |
1/$94.9 million |
Administrative Services
Fee Rate |
Average Daily Net Assets
of the Investment Complex |
0.100% |
on assets up to $50 billion |
0.075% |
on assets over $50 billion |
For the Year Ended October 31 |
2022 |
2021 |
2020 |
Advisory Fee Earned |
$4,061,342 |
$4,636,198 |
$3,734,498 |
Advisory Fee Waived |
$486,478 |
$504,360 |
$546,858 |
Advisory Fee Reimbursed |
$12,281 |
$7,981 |
$7,433 |
Brokerage Commissions |
$358,073 |
$173,728 |
$375,866 |
Net Administrative Fee |
$425,589 |
$484,861 |
$390,775 |
Net 12b-1 Fee: |
|
|
|
Class C Shares |
$89,289 |
$114,531 |
$101,977 |
Net Shareholder Services Fee: |
|
|
|
Class A Shares |
$700,747 |
$809,631 |
$622,907 |
Class C Shares |
$29,763 |
$38,177 |
$33,992 |
Gross income from securities lending activities |
$249,275 |
Fees and/or compensation for securities lending activities and related services |
|
Fees paid to securities lending agent from a revenue split |
(24,929) |
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included
in the revenue split |
— |
Administrative fees not included in revenue split |
— |
Indemnification fee not included in revenue split |
— |
Rebate (paid to borrower) |
— |
Other fees not included in revenue split (specify) |
— |
Aggregate fees/compensation for securities lending activities |
$(24,929) |
Net income from securities lending activities |
$224,346 |
Share Class | Ticker |
A | SVAAX |
C | SVACX |
Institutional | SVAIX |
R6 | SVALX |
|
A |
C |
IS |
R6 |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) |
|
|
|
|
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions)
(as a percentage of offering price) |
|
|
|
|
Redemption Fee (as a percentage of amount redeemed, if applicable) |
|
|
|
|
Exchange Fee |
|
|
|
|
|
A |
C |
IS |
R6 |
Management Fee |
|
|
|
|
Distribution (12b-1) Fee |
|
|
|
|
Other Expenses |
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
Fee Waivers and/or Expense Reimbursements2 |
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
|
|
|
|
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
A: |
|
|
|
|
Expenses assuming redemption |
$664 |
$904 |
$1,163 |
$1,903 |
Expenses assuming no redemption |
$664 |
$904 |
$1,163 |
$1,903 |
C: |
|
|
|
|
Expenses assuming redemption |
$297 |
$609 |
$1,047 |
$2,067 |
Expenses assuming no redemption |
$197 |
$609 |
$1,047 |
$2,067 |
IS: |
|
|
|
|
Expenses assuming redemption |
$96 |
$300 |
$520 |
$1,155 |
Expenses assuming no redemption |
$96 |
$300 |
$520 |
$1,155 |
R6: |
|
|
|
|
Expenses assuming redemption |
$88 |
$274 |
$477 |
$1,061 |
Expenses assuming no redemption |
$88 |
$274 |
$477 |
$1,061 |
Share Class |
1 Year |
5 Years |
10 Years |
A: |
|
|
|
Return Before Taxes |
|
|
|
C: |
|
|
|
Return Before Taxes |
|
|
|
IS: |
|
|
|
Return Before Taxes |
|
|
|
Return After Taxes on Distributions |
|
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
|
R6: |
|
|
|
Return Before Taxes |
|
|
|
Standard & Poor’s 500 Index1
(reflects no deduction for fees, expenses or taxes) |
|
|
|
|
Minimum
Initial/Subsequent
Investment
Amounts1
|
Maximum Sales Charges | |
Shares Offered |
Front-End
Sales Charge2
|
Contingent
Deferred
Sales Charge3
| |
A |
$1,500/$100 |
5.50% |
0.00% |
C |
$1,500/$100 |
None |
1.00% |
A: |
|
|
Purchase Amount |
Sales Charge
as a Percentage
of Public
Offering Price |
Sales Charge
as a Percentage
of NAV |
Less than $50,000 |
5.50% |
5.82% |
$50,000 but less than $100,000 |
4.50% |
4.71% |
$100,000 but less than $250,000 |
3.75% |
3.90% |
$250,000 but less than $500,000 |
2.50% |
2.56% |
$500,000 but less than $1 million |
2.00% |
2.04% |
$1 million or greater1
|
0.00% |
0.00% |
A: |
|
|
If you make a purchase of the A class in the amount of $1 million or more and your financial intermediary received an advance commission on the sale, you will
pay a 0.75% CDSC on any such Shares redeemed within 24 months of the purchase. | ||
C: |
|
|
You will pay a 1.00% CDSC if you redeem Shares within 12 months of the purchase date. |
A: |
|
Purchase Amount |
Dealer Reallowance
as a Percentage of
Public Offering Price |
Less than $50,000 |
5.00% |
$50,000 but less than $100,000 |
4.00% |
$100,000 but less than $250,000 |
3.25% |
$250,000 but less than $500,000 |
2.25% |
$500,000 but less than $1 million |
1.80% |
$1 million or greater |
0.00% |
A (for purchases over $1 million): |
|
Purchase Amount |
Advance Commission
as a Percentage of
Public Offering Price |
First $1 million - $5 million |
0.75% |
Next $5 million - $20 million |
0.50% |
Over $20 million |
0.25% |
C: |
|
|
Advance Commission
as a Percentage of
Public Offering Price |
All Purchase Amounts |
1.00% |
Year Ended October 31 |
2022 |
2021 |
2020 |
2019 |
2018 | |
Net Asset Value, Beginning of Period |
$5.70 |
$4.49 |
$5.82 |
$5.73 |
$6.34 | |
Income From Investment Operations: |
|
|
|
|
| |
Net investment income |
0.23 |
0.20 |
0.21 |
0.21 |
0.21 | |
Net realized and unrealized gain (loss) |
0.19 |
1.21 |
(1.06) |
0.31 |
(0.21) | |
TOTAL FROM INVESTMENT OPERATIONS |
0.42 |
1.41 |
(0.85) |
0.52 |
— | |
Less Distributions: |
|
|
|
|
| |
Distributions from net investment income |
(0.23) |
(0.20) |
(0.21) |
(0.21) |
(0.20) | |
Distributions from net realized gain |
— |
— |
(0.27) |
(0.22) |
(0.41) | |
TOTAL DISTRIBUTIONS |
(0.23) |
(0.20) |
(0.48) |
(0.43) |
(0.61) | |
Net Asset Value, End of Period |
$5.89 |
$5.70 |
$4.49 |
$5.82 |
$5.73 | |
Total Return1 |
7.41% |
31.78% |
(15.65)% |
9.68% |
(0.16)% | |
Ratios to Average Net Assets: |
|
|
|
|
| |
Net expenses2 |
1.06% |
1.05% |
1.05%3 |
1.06% |
1.05% | |
Net investment income |
3.90% |
3.64% |
4.08% |
3.75% |
3.44% | |
Expense waiver/reimbursement4 |
0.12% |
0.12% |
0.13% |
0.12% |
0.12% | |
Supplemental Data: |
|
|
|
|
| |
Net assets, end of period (000 omitted) |
$1,600,974 |
$1,366,960 |
$1,060,496 |
$1,456,023 |
$1,603,675 | |
Portfolio turnover5 |
42% |
23% |
38% |
33% |
9% |
Year Ended October 31 |
2022 |
2021 |
2020 |
2019 |
2018 | |
Net Asset Value, Beginning of Period |
$5.72 |
$4.50 |
$5.84 |
$5.74 |
$6.35 | |
Income From Investment Operations: |
|
|
|
|
| |
Net investment income |
0.19 |
0.16 |
0.17 |
0.17 |
0.16 | |
Net realized and unrealized gain (loss) |
0.18 |
1.22 |
(1.07) |
0.32 |
(0.20) | |
TOTAL FROM INVESTMENT OPERATIONS |
0.37 |
1.38 |
(0.90) |
0.49 |
(0.04) | |
Less Distributions: |
|
|
|
|
| |
Distributions from net investment income |
(0.19) |
(0.16) |
(0.17) |
(0.17) |
(0.16) | |
Distributions from net realized gain |
— |
— |
(0.27) |
(0.22) |
(0.41) | |
TOTAL DISTRIBUTIONS |
(0.19) |
(0.16) |
(0.44) |
(0.39) |
(0.57) | |
Net Asset Value, End of Period |
$5.90 |
$5.72 |
$4.50 |
$5.84 |
$5.74 | |
Total Return1 |
6.40% |
30.94% |
(16.41)% |
9.02% |
(0.91)% | |
Ratios to Average Net Assets: |
|
|
|
|
| |
Net expenses2 |
1.81% |
1.80% |
1.80%3 |
1.81% |
1.80% | |
Net investment income |
3.16% |
2.92% |
3.34% |
3.00% |
2.69% | |
Expense waiver/reimbursement4 |
0.13% |
0.13% |
0.14% |
0.13% |
0.13% | |
Supplemental Data: |
|
|
|
|
| |
Net assets, end of period (000 omitted) |
$628,173 |
$625,041 |
$693,876 |
$1,217,811 |
$1,472,755 | |
Portfolio turnover5 |
42% |
23% |
38% |
33% |
9% |
Year Ended October 31 |
2022 |
2021 |
2020 |
2019 |
2018 | |
Net Asset Value, Beginning of Period |
$5.74 |
$4.52 |
$5.86 |
$5.76 |
$6.37 | |
Income From Investment Operations: |
|
|
|
|
| |
Net investment income |
0.25 |
0.21 |
0.22 |
0.23 |
0.22 | |
Net realized and unrealized gain (loss) |
0.19 |
1.22 |
(1.07) |
0.32 |
(0.20) | |
TOTAL FROM INVESTMENT OPERATIONS |
0.44 |
1.43 |
(0.85) |
0.55 |
0.02 | |
Less Distributions: |
|
|
|
|
| |
Distributions from net investment income |
(0.25) |
(0.21) |
(0.22) |
(0.23) |
(0.22) | |
Distributions from net realized gain |
— |
— |
(0.27) |
(0.22) |
(0.41) | |
TOTAL DISTRIBUTIONS |
(0.25) |
(0.21) |
(0.49) |
(0.45) |
(0.63) | |
Net Asset Value, End of Period |
$5.93 |
$5.74 |
$4.52 |
$5.86 |
$5.76 | |
Total Return1 |
7.62% |
32.12% |
(15.49)% |
10.09% |
0.09% | |
Ratios to Average Net Assets: |
|
|
|
|
| |
Net expenses2 |
0.81% |
0.80% |
0.80%3 |
0.81% |
0.80% | |
Net investment income |
4.14% |
3.91% |
4.34% |
3.99% |
3.69% | |
Expense waiver/reimbursement4 |
0.13% |
0.13% |
0.13% |
0.12% |
0.12% | |
Supplemental Data: |
|
|
|
|
| |
Net assets, end of period (000 omitted) |
$6,193,024 |
$4,589,179 |
$4,214,131 |
$6,632,015 |
$7,027,654 | |
Portfolio turnover5 |
42% |
23% |
38% |
33% |
9% |
Year Ended October 31 |
2022 |
2021 |
2020 |
2019 |
2018 | |
Net Asset Value, Beginning of Period |
$5.74 |
$4.52 |
$5.86 |
$5.76 |
$6.37 | |
Income From Investment Operations: |
|
|
|
|
| |
Net investment income |
0.26 |
0.21 |
0.22 |
0.23 |
0.22 | |
Net realized and unrealized gain (loss) |
0.17 |
1.22 |
(1.07) |
0.32 |
(0.20) | |
TOTAL FROM INVESTMENT OPERATIONS |
0.43 |
1.43 |
(0.85) |
0.55 |
0.02 | |
Less Distributions: |
|
|
|
|
| |
Distributions from net investment income |
(0.25) |
(0.21) |
(0.22) |
(0.23) |
(0.22) | |
Distributions from net realized gain |
— |
— |
(0.27) |
(0.22) |
(0.41) | |
TOTAL DISTRIBUTIONS |
(0.25) |
(0.21) |
(0.49) |
(0.45) |
(0.63) | |
Net Asset Value, End of Period |
$5.92 |
$5.74 |
$4.52 |
$5.86 |
$5.76 | |
Total Return1 |
7.46% |
32.14% |
(15.48)% |
10.11% |
0.11% | |
Ratios to Average Net Assets: |
|
|
|
|
| |
Net expenses2 |
0.79% |
0.78% |
0.78%3 |
0.79% |
0.78% | |
Net investment income |
4.14% |
3.85% |
4.35% |
4.00% |
3.69% | |
Expense waiver/reimbursement4
|
0.07% |
0.07% |
0.07% |
0.07% |
0.07% | |
Supplemental Data: |
|
|
|
|
| |
Net assets, end of period (000 omitted) |
$1,697,532 |
$1,019,551 |
$575,195 |
$500,119 |
$452,251 | |
Portfolio turnover5 |
42% |
23% |
38% |
33% |
9% |
FEDERATED HERMES STRATEGIC VALUE DIVIDEND FUND - A CLASS | |||||
ANNUAL EXPENSE RATIO: 1.18% | |||||
MAXIMUM FRONT-END SALES CHARGE: 5.50% | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$472.50 |
$9,922.50 |
$663.64 |
$9,810.99 |
2 |
$9,810.99 |
$490.55 |
$10,301.54 |
$117.98 |
$10,185.77 |
3 |
$10,185.77 |
$509.29 |
$10,695.06 |
$122.49 |
$10,574.87 |
4 |
$10,574.87 |
$528.74 |
$11,103.61 |
$127.17 |
$10,978.83 |
5 |
$10,978.83 |
$548.94 |
$11,527.77 |
$132.02 |
$11,398.22 |
6 |
$11,398.22 |
$569.91 |
$11,968.13 |
$137.07 |
$11,833.63 |
7 |
$11,833.63 |
$591.68 |
$12,425.31 |
$142.30 |
$12,285.67 |
8 |
$12,285.67 |
$614.28 |
$12,899.95 |
$147.74 |
$12,754.98 |
9 |
$12,754.98 |
$637.75 |
$13,392.73 |
$153.38 |
$13,242.22 |
10 |
$13,242.22 |
$662.11 |
$13,904.33 |
$159.24 |
$13,748.07 |
Cumulative |
|
$5,625.75 |
|
$1,903.03 |
|
FEDERATED HERMES STRATEGIC VALUE DIVIDEND FUND - C CLASS | |||||
ANNUAL EXPENSE RATIO: 1.94% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$196.97 |
$10,306.00 |
2 |
$10,306.00 |
$515.30 |
$10,821.30 |
$203.00 |
$10,621.36 |
3 |
$10,621.36 |
$531.07 |
$11,152.43 |
$209.21 |
$10,946.37 |
4 |
$10,946.37 |
$547.32 |
$11,493.69 |
$215.61 |
$11,281.33 |
5 |
$11,281.33 |
$564.07 |
$11,845.40 |
$222.21 |
$11,626.54 |
6 |
$11,626.54 |
$581.33 |
$12,207.87 |
$229.01 |
$11,982.31 |
7 |
$11,982.31 |
$599.12 |
$12,581.43 |
$236.01 |
$12,348.97 |
8 |
$12,348.97 |
$617.45 |
$12,966.42 |
$243.24 |
$12,726.85 |
Converts from C to A |
Annual Expense Ratio: 1.18% | ||||
9 |
$12,726.85 |
$636.34 |
$13,363.19 |
$153.05 |
$13,213.02 |
10 |
$13,213.02 |
$660.65 |
$13,873.67 |
$158.89 |
$13,717.76 |
Cumulative |
|
$5,752.65 |
|
$2,067.20 |
|
FEDERATED HERMES STRATEGIC VALUE DIVIDEND FUND - IS CLASS | |||||
ANNUAL EXPENSE RATIO: 0.94% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$95.91 |
$10,406.00 |
2 |
$10,406.00 |
$520.30 |
$10,926.30 |
$99.80 |
$10,828.48 |
3 |
$10,828.48 |
$541.42 |
$11,369.90 |
$103.85 |
$11,268.12 |
4 |
$11,268.12 |
$563.41 |
$11,831.53 |
$108.07 |
$11,725.61 |
5 |
$11,725.61 |
$586.28 |
$12,311.89 |
$112.46 |
$12,201.67 |
6 |
$12,201.67 |
$610.08 |
$12,811.75 |
$117.02 |
$12,697.06 |
7 |
$12,697.06 |
$634.85 |
$13,331.91 |
$121.78 |
$13,212.56 |
8 |
$13,212.56 |
$660.63 |
$13,873.19 |
$126.72 |
$13,748.99 |
9 |
$13,748.99 |
$687.45 |
$14,436.44 |
$131.86 |
$14,307.20 |
10 |
$14,307.20 |
$715.36 |
$15,022.56 |
$137.22 |
$14,888.07 |
Cumulative |
|
$6,019.78 |
|
$1,154.69 |
|
FEDERATED HERMES STRATEGIC VALUE DIVIDEND FUND - R6 CLASS | |||||
ANNUAL EXPENSE RATIO: 0.86% | |||||
MAXIMUM FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$87.78 |
$10,414.00 |
2 |
$10,414.00 |
$520.70 |
$10,934.70 |
$91.41 |
$10,845.14 |
3 |
$10,845.14 |
$542.26 |
$11,387.40 |
$95.20 |
$11,294.13 |
4 |
$11,294.13 |
$564.71 |
$11,858.84 |
$99.14 |
$11,761.71 |
5 |
$11,761.71 |
$588.09 |
$12,349.80 |
$103.24 |
$12,248.64 |
6 |
$12,248.64 |
$612.43 |
$12,861.07 |
$107.52 |
$12,755.73 |
7 |
$12,755.73 |
$637.79 |
$13,393.52 |
$111.97 |
$13,283.82 |
8 |
$13,283.82 |
$664.19 |
$13,948.01 |
$116.61 |
$13,833.77 |
9 |
$13,833.77 |
$691.69 |
$14,525.46 |
$121.43 |
$14,406.49 |
10 |
$14,406.49 |
$720.32 |
$15,126.81 |
$126.46 |
$15,002.92 |
Cumulative |
|
$6,042.18 |
|
$1,060.76 |
|
Share Class | Ticker |
A | SVAAX |
C | SVACX |
Institutional | SVAIX |
R6 | SVALX |
|
Contents |
1 |
|
1 |
|
9 |
|
13 |
|
14 |
|
17 |
|
20 |
|
20 |
|
20 |
|
21 |
|
21 |
|
22 |
|
38 |
|
39 |
|
40 |
|
2022 |
2021 |
2020 | |||
|
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Total Sales
Charges |
Amount
Retained |
Class A Shares |
$3,357,256 |
$386,378 |
$1,838,714 |
$212,570 |
$1,916,088 |
$247,688 |
Class C Shares |
$45,318 |
$45,318 |
$35,027 |
$35,027 |
$81,652 |
$81,652 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) for Past Five Years,
Other Directorships Held and Previous Position(s) |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
J. Christopher Donahue*
Birth Date: April 11, 1949
President and Trustee
Indefinite Term
Began serving: September 1999 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of the
Funds in the Federated Hermes Complex; President, Chief Executive
Officer and Director, Federated Hermes, Inc.; Chairman and Trustee,
Federated Investment Management Company; Trustee, Federated
Investment Counseling; Chairman and Director, Federated Global
Investment Management Corp.; Chairman and Trustee, Federated Equity
Management Company of Pennsylvania; Trustee, Federated Shareholder
Services Company; Director, Federated Services Company.
Previous Positions: President, Federated Investment Counseling; President
and Chief Executive Officer, Federated Investment Management Company,
Federated Global Investment Management Corp. and Passport
Research, Ltd.; Chairman, Passport Research, Ltd. |
$0 |
$0 |
John B. Fisher*
Birth Date: May 16, 1956
Trustee
Indefinite Term
Began serving: May 2016 |
Principal Occupations: Principal Executive Officer and President of certain
of the Funds in the Federated Hermes Complex; Director or Trustee of
certain of the Funds in the Federated Hermes Complex; Director and Vice
President, Federated Hermes, Inc.; President, Director/Trustee and CEO,
Federated Advisory Services Company, Federated Equity Management
Company of Pennsylvania, Federated Global Investment Management
Corp., Federated Investment Counseling, Federated Investment
Management Company and Federated MDTA LLC; Director, Federated
Investors Trust Company.
Previous Positions: President and Director of the Institutional Sales
Division of Federated Securities Corp.; President and CEO of Passport
Research, Ltd.; Director and President, Technology, Federated
Services Company. |
$0 |
$0 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
John T. Collins
Birth Date: January 24, 1947
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee and Chair of the Board of
Directors or Trustees, of the Federated Hermes Complex; formerly,
Chairman and CEO, The Collins Group, Inc. (a private equity firm) (Retired).
Other Directorships Held: Director, KLX Energy Services Holdings, Inc.
(oilfield services); former Director of KLX Corp (aerospace).
Qualifications: Mr. Collins has served in several business and financial
management roles and directorship positions throughout his career.
Mr. Collins previously served as Chairman and CEO of The Collins Group,
Inc. (a private equity firm) and as a Director of KLX Corp. Mr. Collins serves
as Chairman Emeriti, Bentley University. Mr. Collins previously served as
Director and Audit Committee Member, Bank of America Corp.; Director,
FleetBoston Financial Corp.; and Director, Beth Israel Deaconess Medical
Center (Harvard University Affiliate Hospital). |
$6,897.59 |
$365,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
G. Thomas Hough
Birth Date: February 28, 1955
Trustee
Indefinite Term
Began serving: August 2015 |
Principal Occupations: Director or Trustee, Chair of the Audit Committee
of the Federated Hermes Complex; Retired.
Other Directorships Held: Director, Chair of the Audit Committee,
Equifax, Inc.; Lead Director, Member of the Audit and Nominating and
Corporate Governance Committees, Haverty Furniture Companies, Inc.;
formerly, Director, Member of Governance and Compensation Committees,
Publix Super Markets, Inc.
Qualifications: Mr. Hough has served in accounting, business management
and directorship positions throughout his career. Mr. Hough most recently
held the position of Americas Vice Chair of Assurance with Ernst &
Young LLP (public accounting firm). Mr. Hough serves on the President’s
Cabinet and Business School Board of Visitors for the University of
Alabama. Mr. Hough previously served on the Business School Board of
Visitors for Wake Forest University, and he previously served as an
Executive Committee member of the United States Golf Association. |
$6,526.33 |
$343,000 |
Maureen Lally-Green
Birth Date: July 5, 1949
Trustee
Indefinite Term
Began serving: August 2009 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Adjunct Professor Emerita of Law, Duquesne University School of
Law; formerly, Dean of the Duquesne University School of Law and
Professor of Law and Interim Dean of the Duquesne University School of
Law; formerly, Associate General Secretary and Director, Office of Church
Relations, Diocese of Pittsburgh.
Other Directorships Held: Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.).
Qualifications: Judge Lally-Green has served in various legal and business
roles and directorship positions throughout her career. Judge Lally-Green
previously held the position of Dean of the School of Law of Duquesne
University (as well as Interim Dean). Judge Lally-Green previously served as
a member of the Superior Court of Pennsylvania and as a Professor of Law,
Duquesne University School of Law. Judge Lally-Green was appointed by
the Supreme Court of Pennsylvania to serve on the Supreme Court’s Board
of Continuing Judicial Education and the Supreme Court’s Appellate Court
Procedural Rules Committee. Judge Lally-Green also currently holds the
positions on not for profit or for profit boards of directors as follows:
Director and Chair, UPMC Mercy Hospital; Regent, Saint Vincent Seminary;
Member, Pennsylvania State Board of Education (public); Director, Catholic
Charities, Pittsburgh; and Director, CNX Resources Corporation (formerly
known as CONSOL Energy Inc.). Judge Lally-Green has held the positions
of: Director, Auberle; Director, Epilepsy Foundation of Western and Central
Pennsylvania; Director, Ireland Institute of Pittsburgh; Director, Saint
Thomas More Society; Director and Chair, Catholic High Schools of the
Diocese of Pittsburgh, Inc.; Director, Pennsylvania Bar Institute; Director,
Saint Vincent College; Director and Chair, North Catholic High School, Inc.;
Director and Vice Chair, Our Campaign for the Church Alive!, Inc.; and
Director, Saint Francis University. |
$5,891.55 |
$308,000 |
Thomas M. O’Neill
Birth Date: June 14, 1951
Trustee
Indefinite Term
Began serving: August 2006 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Sole Proprietor, Navigator Management Company (investment
and strategic consulting).
Other Directorships Held: None.
Qualifications: Mr. O’Neill has served in several business, mutual fund and
financial management roles and directorship positions throughout his
career. Mr. O’Neill serves as Director, Medicines for Humanity. Mr. O’Neill
previously served as Chief Executive Officer and President, Managing
Director and Chief Investment Officer, Fleet Investment Advisors; President
and Chief Executive Officer, Aeltus Investment Management, Inc.; General
Partner, Hellman, Jordan Management Co., Boston, MA; Chief Investment
Officer, The Putnam Companies, Boston, MA; Credit Analyst and Lending
Officer, Fleet Bank; Director and Consultant, EZE Castle Software
(investment order management software); Director, The Golisano Children’s
Museum of Naples, Florida; and Director, Midway Pacific (lumber). |
$5,891.55 |
$308,000 |
Name
Birth Date
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Other Directorships Held for
Past Five Years, Previous Position(s) and Qualifications |
Aggregate
Compensation
From Fund
(past fiscal year) |
Total Compensation
From Fund and
Federated Hermes Complex
(past calendar year) |
Madelyn A. Reilly
Birth Date: February 2, 1956
Trustee
Indefinite Term
Began serving: November 2020 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; formerly, Executive Vice President for Legal Affairs, General
Counsel and Secretary to the Board of Directors, Duquesne
University (Retired).
Other Directorships Held: None.
Qualifications: Ms. Reilly has served in various business and legal
management roles throughout her career. Ms. Reilly previously served as
Senior Vice President for Legal Affairs, General Counsel and Secretary to
the Board of Directors and Assistant General Counsel and Director of Risk
Management, Duquesne University. Prior to her work at Duquesne
University, Ms. Reilly served as Assistant General Counsel of Compliance
and Enterprise Risk as well as Senior Counsel of Environment, Health and
Safety, PPG Industries. Ms. Reilly currently serves as a member of the Board
of Directors of UPMC Mercy Hospital. |
$5,355.95 |
$280,000 |
P. Jerome Richey
Birth Date: February 23, 1949
Trustee
Indefinite Term
Began serving: October 2013 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; Management Consultant; Retired; formerly, Senior Vice
Chancellor and Chief Legal Officer, University of Pittsburgh and Executive
Vice President and Chief Legal Officer, CONSOL Energy Inc. (split into two
separate publicly traded companies known as CONSOL Energy Inc. and
CNX Resources Corp.).
Other Directorships Held: None.
Qualifications: Mr. Richey has served in several business and legal
management roles and directorship positions throughout his career.
Mr. Richey most recently held the positions of Senior Vice Chancellor and
Chief Legal Officer, University of Pittsburgh. Mr. Richey previously served as
Chairman of the Board, Epilepsy Foundation of Western Pennsylvania and
Chairman of the Board, World Affairs Council of Pittsburgh. Mr. Richey
previously served as Chief Legal Officer and Executive Vice President,
CONSOL Energy Inc. and CNX Gas Company; and Board Member, Ethics
Counsel and Shareholder, Buchanan Ingersoll & Rooney PC (a law firm). |
$5,891.55 |
$308,000 |
John S. Walsh
Birth Date: November 28, 1957
Trustee
Indefinite Term
Began serving: January 1999 |
Principal Occupations: Director or Trustee of the Federated Hermes
Complex; President and Director, Heat Wagon, Inc. (manufacturer of
construction temporary heaters); President and Director, Manufacturers
Products, Inc. (distributor of portable construction heaters); President,
Portable Heater Parts, a division of Manufacturers Products, Inc.
Other Directorships Held: None.
Qualifications: Mr. Walsh has served in several business management roles
and directorship positions throughout his career. Mr. Walsh previously
served as Vice President, Walsh & Kelly, Inc. (paving contractors). |
$5,355.95 |
$280,000 |
Name
Birth Date
Address
Positions Held with Trust
Date Service Began |
Principal Occupation(s) and Previous Position(s) |
Lori A. Hensler
Birth Date: January 6, 1967
Treasurer
Officer since: April 2013 |
Principal Occupations: Principal Financial Officer and Treasurer of the Federated Hermes Complex; Senior Vice President,
Federated Administrative Services; Financial and Operations Principal for Federated Securities Corp.; and Assistant Treasurer,
Federated Investors Trust Company. Ms. Hensler has received the Certified Public Accountant designation.
Previous Positions: Controller of Federated Hermes, Inc.; Senior Vice President and Assistant Treasurer, Federated Investors
Management Company; Treasurer, Federated Investors Trust Company; Assistant Treasurer, Federated Administrative Services,
Federated Administrative Services, Inc., Federated Securities Corp., Edgewood Services, Inc., Federated Advisory Services
Company, Federated Equity Management Company of Pennsylvania, Federated Global Investment Management Corp.,
Federated Investment Counseling, Federated Investment Management Company, Passport Research, Ltd. and Federated MDTA,
LLC; Financial and Operations Principal for Federated Securities Corp., Edgewood Services, Inc. and Southpointe Distribution
Services, Inc. |
Peter J. Germain
Birth Date: September 3, 1959
CHIEF LEGAL OFFICER,
SECRETARY and EXECUTIVE
VICE PRESIDENT
Officer since: January 2005 |
Principal Occupations: Mr. Germain is Chief Legal Officer, Secretary and Executive Vice President of the Federated Hermes
Complex. He is General Counsel, Chief Legal Officer, Secretary and Executive Vice President, Federated Hermes, Inc.; Trustee
and Senior Vice President, Federated Investors Management Company; Trustee and President, Federated Administrative
Services; Director and President, Federated Administrative Services, Inc.; Director and Vice President, Federated Securities
Corp.; Director and Secretary, Federated Private Asset Management, Inc.; Secretary, Federated Shareholder Services Company;
and Secretary, Retirement Plan Service Company of America. Mr. Germain joined Federated Hermes, Inc. in 1984 and is a
member of the Pennsylvania Bar Association.
Previous Positions: Deputy General Counsel, Special Counsel, Managing Director of Mutual Fund Services, Federated Hermes,
Inc.; Senior Vice President, Federated Services Company; and Senior Corporate Counsel, Federated Hermes, Inc. |
Stephen Van Meter
Birth Date: June 5, 1975
CHIEF COMPLIANCE OFFICER
AND SENIOR VICE PRESIDENT
Officer since: July 2015 |
Principal Occupations: Senior Vice President and Chief Compliance Officer of the Federated Hermes Complex; Vice President
and Chief Compliance Officer of Federated Hermes, Inc. and Chief Compliance Officer of certain of its subsidiaries.
Mr. Van Meter joined Federated Hermes, Inc. in October 2011. He holds FINRA licenses under Series 3, 7, 24 and 66.
Previous Positions: Mr. Van Meter previously held the position of Compliance Operating Officer, Federated Hermes, Inc. Prior to
joining Federated Hermes, Inc., Mr. Van Meter served at the United States Securities and Exchange Commission in the positions
of Senior Counsel, Office of Chief Counsel, Division of Investment Management and Senior Counsel, Division of Enforcement. |
Stephen F. Auth
Birth Date: September 13, 1956
101 Park Avenue
41st Floor
New York, NY 10178
CHIEF INVESTMENT OFFICER
Officer since: November 2002 |
Principal Occupations: Stephen F. Auth is Chief Investment Officer of various Funds in the Federated Hermes Complex;
Executive Vice President, Federated Investment Counseling, Federated Global Investment Management Corp. and Federated
Equity Management Company of Pennsylvania.
Previous Positions: Executive Vice President, Federated Investment Management Company and Passport Research, Ltd.
(investment advisory subsidiary of Federated Hermes); Senior Vice President, Global Portfolio Management Services Division;
Senior Vice President, Federated Investment Management Company and Passport Research, Ltd.; Senior Managing Director and
Portfolio Manager, Prudential Investments. |
Director/Trustee Emeritus |
Compensation
From Trust
(past fiscal year) |
Total
Compensation
Paid to
Director/Trustee
Emeritus1
|
Peter E. Madden |
$1,161.66 |
$56,000.00 |
Charles F. Mansfield, Jr. |
$1,161.66 |
$56,000.00 |
Board
Committee |
Committee
Members |
Committee Functions |
Meetings Held
During Last
Fiscal Year |
Executive |
J. Christopher Donahue
John T. Collins
John S. Walsh |
In between meetings of the full Board, the Executive Committee generally may
exercise all the powers of the full Board in the management and direction of the
business and conduct of the affairs of the Trust in such manner as the Executive
Committee shall deem to be in the best interests of the Trust. However, the
Executive Committee cannot elect or remove Board members, increase or decrease
the number of Trustees, elect or remove any Officer, declare dividends, issue shares
or recommend to shareholders any action requiring shareholder approval. |
One |
Audit |
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
P. Jerome Richey |
The purposes of the Audit Committee are to oversee the accounting and financial
reporting process of the Fund, the Fund’s internal control over financial reporting
and the quality, integrity and independent audit of the Fund’s financial statements.
The Committee also oversees or assists the Board with the oversight of compliance
with legal requirements relating to those matters, approves the engagement and
reviews the qualifications, independence and performance of the Fund’s
independent registered public accounting firm, acts as a liaison between the
independent registered public accounting firm and the Board and reviews the Fund’s
internal audit function. |
Seven |
Nominating |
John T. Collins
G. Thomas Hough
Maureen Lally-Green
Thomas M. O’Neill
Madelyn A. Reilly
P. Jerome Richey
John S. Walsh |
The Nominating Committee, whose members consist of all Independent Trustees,
selects and nominates persons for election to the Fund’s Board when vacancies
occur. The Committee will consider candidates recommended by shareholders,
Independent Trustees, officers or employees of any of the Fund’s agents or service
providers and counsel to the Fund. Any shareholder who desires to have an
individual considered for nomination by the Committee must submit a
recommendation in writing to the Secretary of the Fund, at the Fund’s address
appearing on the back cover of this SAI. The recommendation should include the
name and address of both the shareholder and the candidate and detailed
information concerning the candidate’s qualifications and experience. In identifying
and evaluating candidates for consideration, the Committee shall consider such
factors as it deems appropriate. Those factors will ordinarily include: integrity,
intelligence, collegiality, judgment, diversity, skill, business and other experience,
qualification as an “Independent Trustee,” the existence of material relationships
which may create the appearance of a lack of independence, financial or accounting
knowledge and experience and dedication and willingness to devote the time and
attention necessary to fulfill Board responsibilities. |
One |
Interested Board
Member Name |
Dollar Range of
Shares Owned in
Federated Hermes Strategic
Value Dividend Fund |
Aggregate
Dollar Range of
Shares Owned in
Federated Hermes Family of
Investment Companies |
J. Christopher Donahue |
Over $100,000 |
Over $100,000 |
John B. Fisher |
None |
Over $100,000 |
Independent Board
Member Name |
|
|
John T. Collins |
Over $100,000 |
Over $100,000 |
G. Thomas Hough |
Over $100,000 |
Over $100,000 |
Maureen Lally-Green |
$50,001-$100,000 |
Over $100,000 |
Thomas M. O’Neill |
None |
Over $100,000 |
Madelyn A. Reilly |
$50,001-$100,000 |
Over $100,000 |
P. Jerome Richey |
None |
Over $100,000 |
John S. Walsh |
Over $100,000 |
Over $100,000 |
Types of Accounts Managed
by Daniel Peris |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$1.0 billion |
Other Pooled Investment Vehicles |
1/$252.0 million |
Other Accounts |
135/$21.1 billion |
Types of Accounts Managed
by Deborah Bickerstaff |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$1.0 billion |
Other Pooled Investment Vehicles |
1/$252.0 million |
Other Accounts |
135/$21.1 billion |
Types of Accounts Managed
by Jared Hoff |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$1.0 billion |
Other Pooled Investment Vehicles |
1/$252.0 million |
Other Accounts |
135/$21.1 billion |
Types of Accounts Managed
by Michael Tucker |
Total Number of Additional Accounts
Managed/Total Assets* |
Registered Investment Companies |
3/$1.0 billion |
Other Pooled Investment Vehicles |
1/$252.0 million |
Other Accounts |
135/$21.1 billion |
Administrative Services
Fee Rate |
Average Daily Net Assets
of the Investment Complex |
0.100% |
on assets up to $50 billion |
0.075% |
on assets over $50 billion |
For the Year Ended October 31 |
2022 |
2021 |
2020 |
Advisory Fee Earned |
$66,428,507 |
$55,301,915 |
$61,171,593 |
Advisory Fee Waived |
$6,170,656 |
$4,970,238 |
$5,795,785 |
Advisory Fee Reimbursed |
$55,354 |
$31,731 |
$48,442 |
Brokerage Commissions |
$8,254,805 |
$3,371,002 |
$6,153,974 |
Net Administrative Fee |
$6,936,391 |
$5,762,853 |
$6,383,175 |
Net 12b-1 Fee: |
|
|
|
Class C Shares |
$4,804,500 |
$5,175,736 |
$7,161,631 |
Shareholder Services Fee: |
|
|
|
Class A Shares |
$3,805,302 |
$3,168,127 |
$3,090,750 |
Class C Shares |
$1,601,500 |
$1,725,245 |
$2,387,211 |
Gross income from securities lending activities |
$00.00 |
Fees and/or compensation for securities lending activities and related services |
|
Fees paid to securities lending agent from a revenue split |
$00.00 |
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in
the revenue split |
— |
Administrative fees not included in revenue split |
— |
Indemnification fee not included in revenue split |
— |
Rebate (paid to borrower) |
$00.00 |
Other fees not included in revenue split (specify) |
— |
Aggregate fees/compensation for securities lending activities |
$00.00 |
Net income from securities lending activities |
$00.00 |
Item 28. Exhibits
(a) | Declaration of Trust | |
Conformed copy of Amended and Restated Declaration of Trust of the Registrant dated August 15, 1995, including Amendments | + |
(b) | By-Laws | |
Conformed Copy of Amended and Restated By-Laws of the Registrant dated August 16, 1995, including Amendments | + |
(c) | Instruments Defining Rights of Security Holders | |
As of September 1, 1997, Federated Securities Corp. stopped issuing share certificates. |
(f) | Bonus or Profit Sharing Contracts | |
Not applicable |
(i) | Legal Opinion | |
Conformed copy of Opinion and Consent of Counsel as to legality of shares being registered, as filed on paper in Pre-Effective Amendment No. 1 on July 9, 1984 on Form N-1A (File Nos. 2-91090 and 811-4017) |
(k) | Omitted Financial Statements | |
Not Applicable |
(l) | Initial Capital Agreements | |
Conformed copy of Initial Capital Understanding, as filed on paper in Pre-Effective Amendment No. 1 on July 9, 1984 on Form N-1A (File Nos. 2-91090 and 811-4017) |
(n) | Rule 18f-3 Plan | |
Conformed copy of the Multiple Class Plan and all share class Exhibits as adopted by certain Federated investment companies offering separate classes of shares | + |
(p) | Codes of Ethics | |
Conformed copy of the Federated Hermes, Inc. Code of Ethics for Access Persons, effective November 10, 2021 | + |
+ | Exhibit is being filed electronically with registration statement |
Exhibit List for Inline Interactive Data File Submission.
Index No. | Description of Exhibit |
EX-101.INS | XBRL Instance Document - Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document. |
EX-101.SCH | XBRL Taxonomy Extension Schema Document |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
Item 29. Persons Controlled by or Under Common Control with the Fund: |
None |
Item 30. Indemnification |
Indemnification is provided to Officers and Trustees of the Registrant pursuant to the Registrant's By-Laws, as amended. This includes indemnification against: (a) any liabilities or expenses incurred in connection with the defense or disposition of any action, suit or proceeding in which an Officer or Trustee may be or may have been involved; and (b) any liabilities and expenses incurred by an Officer or Trustee as a result of having provided personally identifiable information to a regulator or counterparty by or with whom the Registrant (or its series, as applicable) is regulated or engages in business to satisfy a legal or procedural requirement of such regulator or counterparty. The Investment Advisory Contracts, and Sub-advisory Agreements as applicable, (collectively, “Advisory Contracts”) between the Registrant and the investment advisers, and sub-advisers as applicable, (collectively, “Advisers”) of its series, provide that, in the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of the obligations or duties under the Advisory Contracts on the part of the Advisers, Advisers shall not be liable to the Registrant or to any shareholder for any act or omission in the course of or connected in any way with rendering services or for any losses that may be sustained in the purchase, holding, or sale of any security. The Registrant’s distribution contract contains provisions limiting the liability, and providing for indemnification, of the Officers and Trustees under certain circumstances. Registrant's Trustees and Officers are covered by an Investment Trust Errors and Omissions Policy. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to Trustees, Officers, and controlling persons of the Registrant by the Registrant pursuant to the By-Laws, as amended, or otherwise, the Registrant is aware that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and, therefore, is unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by Trustees), Officers, or controlling persons of the Registrant in connection with the successful defense of any act, suit, or proceeding) is asserted by such Trustees, Officers, or controlling persons in connection with the shares being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issues. Insofar as indemnification for liabilities may be permitted pursuant to Section 17 of the Investment Company Act of 1940 for Trustees, Officers, and controlling persons of the Registrant by the Registrant pursuant to the By-Laws, as amended, or otherwise, the Registrant is aware of the position of the Securities and Exchange Commission as set forth in Investment Company Act Release No. IC-11330. Therefore, the Registrant undertakes that in addition to complying with the applicable provisions of the By-Laws, as amended, or otherwise, in the absence of a final decision on the merits by a court or other body before which the proceeding was brought, that an indemnification payment will not be made unless in the absence of such a decision, a reasonable determination based upon factual review has been made (i) by a majority vote of a quorum of non-party Trustees who are not interested persons of the Registrant or (ii) by independent legal counsel in a written opinion that the indemnitee was not liable for an act of willful misfeasance, bad faith, gross negligence, or reckless disregard of duties. The Registrant further undertakes that advancement of expenses incurred in the defense of a proceeding (upon undertaking for repayment unless it is ultimately determined that indemnification is appropriate) against an Officer, Trustee or controlling person of the Registrant will not be made absent the fulfillment of at least one of the following conditions: (i) the indemnitee provides security for his undertaking; (ii) the Registrant is insured against losses arising by reason of any lawful advances; or (iii) a majority of a quorum of disinterested non-party Trustees or independent legal counsel in a written opinion makes a factual determination that there is reason to believe the indemnitee will be entitled to indemnification. |
Item 31. Business and Other Connections of Investment Adviser: Federated MDTA LLC | |
For a description of the other business of the Investment Adviser, see the section entitled “Who Manages the Fund?” in Part A. The affiliations with the Registrant of one of the Trustees and two of the Officers of the Investment Adviser are included in Part B of this Registration Statement under "Who Manages and Provides Services to the Fund?" The remaining Trustees of the Investment Adviser and, in parentheses, their principal occupations are: Thomas R. Donahue, (Chief Financial Officer, Federated Hermes, Inc.), 1001 Liberty Avenue, Pittsburgh, PA, 15222-3779, and John B. Fisher, (Vice Chairman, Federated Hermes, Inc.) 1001 Liberty Avenue, Pittsburgh, PA, 15222-3779. The business address of Gordon Ceresino is 125 High Street, Oliver Tower, 21st Floor, Boston, MA 02110. The business address of the remaining Officers of the Investment Adviser is 1001 Liberty Avenue, Pittsburgh, PA 15222-3779. These remaining officers are also officers of a majority of the Investment Advisers to the investment companies in the Federated Hermes Fund Complex described in Part B of this Registration Statement. | |
The Officers of the Investment Adviser are: | |
Chairman: | J. Christopher Donahue |
Vice Chairman: | Gordon Ceresino |
President/ Chief Executive Officer: | John B. Fisher |
Executive Vice President: | Anne H. Kruczek |
Senior Vice President: |
Edward Foss Daniel J. Mahr William Pribanic Sarah A. Stahl |
Vice Presidents: |
Thomas T. Beals John C. Duane Frederick L. Konopka John Paul Lewicke Keith E. Michaud Tony Ng Kelly Patel John F. Sherman Paul Smith Gregory Sterzel Shuo Damien Zhang
|
Assistant Vice Presidents: |
Michael G. Bertani Kevin R. Walker
|
Secretary: | George F. Magera |
Assistant Secretary: |
Edward C. Bartley
|
Treasurer: | Richard A. Novak |
Assistant Treasurer: | Jeremy D. Boughton |
Chief Compliance Officer: | Stephen Van Meter |
Item 31. Business and Other Connections of Investment Adviser: Federated Equity Management Company of Pennsylvania | |
For a description of the other business of the Investment Adviser, see the section entitled “Who Manages the Fund?” in Part A. The affiliations with the Registrant of one of the Trustees and two of the Officers of the Investment Adviser are included in Part B of this Registration Statement under "Who Manages and Provides Services to the Fund?" The remaining Trustees of the Investment Adviser and, in parentheses, their principal occupations are: Thomas R. Donahue, (Chief Financial Officer, Federated Hermes, Inc.), 1001 Liberty Avenue, Pittsburgh, PA, 15222-3779, John B. Fisher, (Vice Chairman, Federated Hermes, Inc.) 1001 Liberty Avenue, Pittsburgh, PA, 15222-3779 and James J. Gallagher, II, Partner, Morris James LLP, 500 Delaware Avenue, Suite 1500, Wilmington, DE 19801-1494. The business address of each of the Officers of the Investment Adviser is 1001 Liberty Avenue, Pittsburgh, Pennsylvania 15222-3779. These individuals are also officers of a majority of the Investment Advisers to the investment companies in the Federated Hermes Fund Complex described in Part B of this Registration Statement. | |
The Officers of the Investment Adviser are: | |
Chairman | J. Christopher Donahue |
President/ Chief Executive Officer: | John B. Fisher |
Executive Vice President |
Stephen F. Auth Anne H. Kruczek |
Senior Vice Presidents: |
Linda Bakhshian Deborah D. Bickerstaff Linda A. Duessel Stephen Gutch Dana L. Meissner Daniel Peris Michael R. Tucker
|
Vice Presidents: |
P. Ryan Bend G. Andrew Bonnewell Jared Hoff Chad Hudson Michael Jura Damian McIntyre Ian Miller Edward J. Selker Paul Smith Eric Matthew Triplett |
Assistant Vice Presidents: |
Jan Paul Bangor Adam Koser Keith Michaud |
Secretary: | G. Andrew Bonnewell |
Assistant Secretaries: |
Edward C. Bartley George F. Magera
|
Treasurer: | Thomas R. Donahue |
Assistant Treasurers: | Jeremy
Boughton Richard A. Novak |
Chief Compliance Officer: | Stephen Van Meter |
Item 31. Business and Other Connections of Investment Adviser: Federated Global Investment Management Corp. | |
For a description of the other business of the Investment Adviser, see the section entitled “Who Manages the Fund?” in Part A. The affiliations with the Registrant of one of the Trustees and two of the Officers of the Investment Adviser are included in Part B of this Registration Statement under "Who Manages and Provides Services to the Fund?" The remaining Trustees of the Investment Adviser and, in parentheses, their principal occupations are: Thomas R. Donahue, (Chief Financial Officer, Federated Hermes, Inc.) and John B. Fisher, (Vice Chairman, Federated Hermes, Inc.) 1001 Liberty Avenue, Pittsburgh, PA, 15222-3779. The business addresses of the Officers of the Investment Adviser are: 1001 Liberty Avenue, Pittsburgh, PA 15222-3779; 101 Park Avenue, 41st Floor, New York, NY 10178 and 400 Meridian Centre, Suite 200, Rochester, NY 14618. Some of these individuals are also officers of a majority of the Investment Advisers to the investment companies in the Federated Hermes Fund Complex described in Part B of this Registration Statement. | |
The Officers of the Investment Adviser are: | |
Chairman: | J. Christopher Donahue |
President/ Chief Executive Officer: | John B. Fisher |
Executive Vice President: |
Stephen F. Auth Anne H. Kruczek |
Senior Vice Presidents: |
John S. Ettinger Timothy Goodger James Gordon William P. Pribanic Martin Christian Schulz Hans Utsch Richard A Winkowski, Jr. Yu (Calvin) Zhang |
Vice Presidents: |
Steven Abrahamson Jeff D. Aronsohn Thomas J. Banks Mark S. Bauknight Thomas M. Brakel G. Andrew Bonnewell William Scott Camp Steven A. Chiavarone Darius Czoch Stephen DeNichilo Fabrice Di Giusto Qun Liu Barbara E. Miller John F. Sherman Paul Smith Anastacio U. Teodoro, IV |
Assistant Vice Presidents: |
Charles Curran Michael Czekaj Keith Michaud
|
Secretary: | G. Andrew Bonnewell |
Assistant Secretaries: |
Edward C. Bartley George F. Magera
|
Treasurer: | Thomas R. Donahue |
Assistant Treasurers: | Jeremy
D. Boughton Richard A. Novak |
Chief Compliance Officer: | Stephen Van Meter |
Item 32 Principal Underwriters: | |
(a) | Federated Securities Corp., the Distributor for shares of the Registrant, acts as principal underwriter for the following investment companies, including the Registrant: |
Federated Hermes Adjustable Rate Securities Trust | |
Federated Hermes Adviser Series | |
Federated Hermes Core Trust | |
Federated Hermes Core Trust III | |
Federated Hermes ETF Trust | |
Federated Hermes Equity Funds | |
Federated Hermes Equity Income Fund, Inc. | |
Federated Hermes Fixed Income Securities, Inc. | |
Federated Hermes Global Allocation Fund | |
Federated Hermes Government Income Securities, Inc. | |
Federated Hermes Government Income Trust | |
Federated Hermes High Income Bond Fund, Inc. | |
Federated Hermes High Yield Trust | |
Federated Hermes Income Securities Trust | |
Federated Hermes Index Trust | |
Federated Hermes Institutional Trust | |
Federated Hermes Insurance Series | |
Federated Hermes Intermediate Municipal Trust | |
Federated Hermes International Series, Inc. | |
Federated Hermes Investment Series Funds, Inc. | |
Federated Hermes Managed Pool Series | |
Federated Hermes MDT Series | |
Federated Hermes Money Market Obligations Trust | |
Federated Hermes Municipal Bond Fund, Inc. | |
Federated Hermes Municipal Securities Income Trust | |
Federated Hermes Premier Municipal Income Fund | |
Federated Hermes Project and Trade Finance Tender Fund | |
Federated Hermes Short-Intermediate Duration Municipal Trust | |
Federated Hermes Short-Intermediate Government Trust | |
Federated Hermes Short-Term Government Trust | |
Federated Hermes Total Return Government Bond Fund | |
Federated Hermes Total Return Series, Inc. | |
Federated Hermes World Investment Series, Inc. |
(b) | ||
(1) Positions and Offices with Distributor |
(2) Name
|
(3) Positions and Offices With Registrant |
Executive Vice President, Assistant Secretary and Director: | Thomas R. Donahue | |
President and Director: | Paul Uhlman | |
Vice President and Director: | Peter J. Germain | |
Director: | Frank C. Senchak |
(1) Positions and Offices with Distributor |
(2) Name
|
(3) Positions and Offices With Registrant |
Executive Vice Presidents: |
Michael Bappert Peter W. Eisenbrandt Anne H. Kruczek Amy M. Michaliszyn Solon A. Person, IV Brian S. Ronayne |
|
Senior Vice Presidents: |
Irving Anderson Christopher D. Berg Daniel G. Berry Jack Bohnet Edwin J. Brooks, III Bryan Burke Scott J. Charlton Steven R. Cohen James S. Conley Stephen R. Cronin Charles L. Davis, Jr. Jack C. Ebenreiter James Getz, Jr. Scott A. Gunderson Dayna C. Haferkamp Vincent L. Harper, Jr. Bruce E. Hastings Jeffrey S. Jones Ryan W. Jones Scott D. Kavanagh Michael Koenig Edwin C. Koontz Jane E. Lambesis Hans W. Lange, Jr. Michael Liss Brian McInis Diane Marzula Richard C. Mihm Vincent T. Morrow John C. Mosko Alec H. Neilly Keith Nixon James E. Ostrowski Stephen Otto Richard P. Paulson Richard A. Recker Diane M. Robinson Brian S. Ronayne Timothy A. Rosewicz Eduardo G. Sanchez Tom Schinabeck Peter C. Siconolfi Edward L. Smith John A. Staley Mark J. Strubel William C. Tustin Michael N. Vahl G. Walter Whalen Lewis C. Williams Theodore E. Williams Michael Wolff Daniel R. Wroble Erik Zettlemayer |
|
Vice Presidents: |
Frank Amato Catherine M. Applegate Kenneth C. Baber Raisa E. Barkaloff Robert W. Bauman Marc Benacci Bill Boarts Zachary Bono Matthew A. Boyle Thomas R. Brown Ryan P. Cain Mark Carroll Dan Casey Stephen J. Costlow Mary Ellen Coyne David G. Dankmyer Christopher T. Davis Michael DiMarsico Charles R. Ebbs Donald Edwards Mark A. Flisek Heather W. Froelich David D. Gregoire Raymond J. Hanley George M. Hnaras Scott A. Holick Christopher Jackson Todd Jones Patrick Kelly Nicholas R. Kemerer Robert H. Kern Shawn E. Knutson Crystal C. Kwok Joseph R. Lantz David M. Larrick John S. Larson Anthony W. Lennon Justin Levy John P. Liekar Jonathan Lipinski Paul J. Magan Alexi A. Maravel Meghan McAndrew Martin J. McCaffrey Samuel McGowan Daniel McGrath Harry Mills Mark J. Murphy Ryan M. Newman Catherine M. Nied Ted Noethling John A. O’Neill Mark Patsy Marcus Persichetti Max E. Recker Emory Redd Matt Ryan John Shrewsbury Bradley Smith John R. Stanley Jonathan Sullivan Gregory Tzanoukakis David Wasik Brian R. Willer Littell L. Wilson James J. Wojciak |
|
Assistant Vice Presidents: |
Debbie Adams-Marshall Edward R. Costello Adina A. Davis Madison Dischinger Kristen C. Kiesling Leah Kaitlin Leitzel Stephen R. Massey Carol McEvoy McCool John K. Murray Kathryn Ringer Melissa R. Ryan Carol Anne Sheppard Scott A. Vallina Laura Vickerman |
|
Secretary: | Kary A. Moore | |
Assistant Secretaries: | Edward C. Bartley | |
Thomas R. Donahue | ||
George F. Magera | ||
Treasurer: | Richard A. Novak | |
Assistant Treasurer: | Jeremy D. Boughton | |
Chief Compliance Officer: | Stephen Van Meter |
(c) | Not Applicable |
Item 33. Location of Accounts and Records: |
All accounts and records required to be maintained by Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3 promulgated thereunder are maintained at one of the following locations: |
Registrant |
Federated Hermes Funds 4000 Ericsson Drive Warrendale, PA 15086-7561 (Notices should be sent to the Agent for Service at the address listed on the facing page of this filing.) |
Federated Administrative Services (Administrator) |
1001 Liberty Avenue Pittsburgh, PA 15222-3779 |
Federated Securities Corp. (Distributor) |
1001 Liberty Avenue Pittsburgh, PA 15222-3779 |
Federated Equity Management Company of Pennsylvania (Adviser)
Adviser to Federated Hermes Clover Small Value Fund, Federated Hermes Global Strategic Value Dividend Fund, Federated Hermes International Strategic Value Dividend Fund, Federated Hermes Kaufmann Fund, Federated Hermes Kaufmann Large Cap Fund, Federated Hermes Kaufmann Small Cap Fund, Federated Hermes Prudent Bear Fund and Federated Hermes Strategic Value Dividend Fund.
|
1001 Liberty Avenue Pittsburgh, PA 15222-3779 |
Federated Global Investment Management Corp. (Sub-Adviser)
Sub-Adviser to Federated Hermes Kaufmann Fund, Federated Hermes Kaufmann Large Cap Fund and Federated Hermes Kaufmann Small Cap Fund. |
101 Park Avenue 41st Floor New York, NY 10178 |
Federated MDTA LLC (Adviser) (Adviser to Federated Hermes MDT Mid Cap Growth Fund) |
125 High Street Oliver Street Tower, 21st Floor Boston, MA 02110-2704 |
Federated Advisory Services Company (Adviser) |
1001 Liberty Avenue Pittsburgh, PA 15222-3779 |
DST Asset Manager Solutions, Inc. (Transfer Agent and Dividend Disbursing Agent) |
P.O. Box 219318 Kansas City, MO 64121-9318 |
State Street Bank and Trust Company (Custodian) |
1 Iron Street Boston, MA 02110 |
Bank
of New York Mellon (Custodian) |
The Bank of New York Mellon One Wall Street New York, NY 10286
|
SIGNATURES Pursuant to the requirements of the Securities Act of 1933, and the Investment Company Act of 1940, the Registrant, FEDERATED HERMES EQUITY FUNDS, certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Pittsburgh and Commonwealth of Pennsylvania, on the 28th day of December, 2022. |
FEDERATED HERMES EQUITY FUNDS |
BY:/s/
George F. Magera George F. Magera, Assistant Secretary |
Pursuant to the requirements of the Securities Act of 1933, this Amendment to its Registration Statement has been signed below by the following person in the capacity and on the date indicated: |
NAME | TITLE | DATE |
BY:/s/
George F. Magera George F. Magera Assistant Secretary |
Attorney In Fact For the Persons Listed Below | December 28, 2022 |
J. Christopher Donahue* | President
and Trustee (Principal Executive Officer) |
|
John B. Fisher* | Trustee | |
Lori A. Hensler* | Treasurer (Principal Financial Officer/Principal Accounting Officer) | |
John T. Collins* | Trustee | |
G. Thomas Hough* | Trustee | |
Maureen Lally-Green* | Trustee | |
Thomas O’Neill* | Trustee | |
Madelyn A. Reilly* | Trustee | |
P. Jerome Richey* | Trustee | |
John S. Walsh* | Trustee | |
*By Power of Attorney |