FKAIX Performance — Federated Hermes Kaufmann Small Cap Fund, Institutional Shares
Data updated: 2026-09-23
FKAIX returned +10.91% year to date and +15.20% over one year to Jul 2026. Annualised returns are +10.13% over 3 years and +0.42% over 5 years. The fund trailed its US Mid-Cap Blend category average: $100 invested three years ago grew to $134, against $144 for the category, and to $115 over one year, against $119. Volatility over the past three years was 19.63% a year. In the 12 months to Jul 2026 the fund lost a net $373.9M, and assets reached $2.85B.
FKAIX Growth of $100
What $100 invested in Federated Hermes Kaufmann Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | FKAIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $115 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $134 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $102 | $145 |
| Since data start (Aug 2019 – Jul 2026) | $163 | $204 |
FKAIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.91% |
| 1 year | +15.20% |
| 3 years (annualised) | +10.13% |
| 5 years (annualised) | +0.42% |
FKAIX Annual Returns
Calendar-year total returns of Federated Hermes Kaufmann Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +10.91% |
| 2025 | +11.48% |
| 2024 | +9.36% |
| 2023 | +15.04% |
| 2022 | −31.10% |
| 2021 | +2.98% |
| 2020 | +44.08% |
| 2019 (Aug–Dec) | +2.62% |
FKAIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.9% | +3.1% | −7.4% | +11.8% | +5.3% | +8.2% | −7.9% | — | — | — | — | — |
| 2025 | +4.9% | −6.6% | −9.4% | +6.6% | +5.9% | +4.2% | +2.7% | +2.4% | −0.5% | +2.1% | +1.1% | −1.3% |
| 2024 | −1.5% | +7.0% | +2.2% | −5.8% | +1.9% | +0.4% | +4.3% | 0.0% | +2.0% | −1.5% | +8.5% | −7.4% |
| 2023 | +9.4% | −3.2% | −1.8% | +1.2% | −0.7% | +6.4% | +4.6% | −4.5% | −6.8% | −6.7% | +9.7% | +8.4% |
| 2022 | −14.8% | −2.3% | +1.1% | −12.3% | −4.2% | −5.2% | +9.7% | −2.6% | −8.8% | +8.0% | +2.1% | −4.2% |
| 2021 | +4.8% | +2.5% | −5.0% | +4.2% | −2.9% | +6.3% | −1.5% | +5.4% | −5.1% | +5.1% | −7.7% | −1.7% |
| 2020 | +2.6% | −4.6% | −16.1% | +16.4% | +9.6% | +4.0% | +4.0% | +4.1% | −1.2% | −0.9% | +16.5% | +7.2% |
| 2019 | — | — | — | — | — | — | — | −2.8% | −5.0% | +2.2% | +5.8% | +2.7% |
FKAIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 19.63%
- 3-year Sharpe ratio: 0.29 (vs 4.5% risk-free rate)
- Best month: +11.80% (Apr 2026)
- Worst month: −9.38% (Mar 2025)
FKAIX Fund Flows
Monthly money in and out of Federated Hermes Kaufmann Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$373.9M
- 12-month gross sales (incl. reinvestments): $841.1M
- Sales ÷ redemptions: 0.69×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $19.8M | $80.4M | −$60.6M |
| Jun 2026 | $21.0M | $68.4M | −$47.4M |
| May 2026 | $16.2M | $79.2M | −$62.9M |
| Apr 2026 | $19.9M | $123.8M | −$103.8M |
| Mar 2026 | $48.3M | $153.0M | −$104.7M |
| Feb 2026 | $23.6M | $91.4M | −$67.8M |
| Jan 2026 | $38.3M | $85.5M | −$47.2M |
| Dec 2025 | $556.1M | $208.0M | $348.1M |
| Nov 2025 | $17.8M | $89.7M | −$71.9M |
| Oct 2025 | $25.1M | $79.3M | −$54.2M |
| Sep 2025 | $25.8M | $67.5M | −$41.7M |
| Aug 2025 | $29.0M | $89.0M | −$59.9M |
FKAIX Assets Under Management
Net assets of Federated Hermes Kaufmann Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.85B |
| 2026-04-30 | $2.88B |
| 2026-01-31 | $2.97B |
| 2025-10-31 | $3.32B |
| 2025-07-31 | $3.34B |
| 2025-04-30 | $3.11B |
| 2025-01-31 | $3.78B |
| 2024-10-31 | $3.86B |
| 2024-07-31 | $4.09B |
| 2024-04-30 | $4.02B |
| 2024-01-31 | $4.09B |
| 2023-10-31 | $3.66B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.