FKBSX — Federated Kaufmann Small Cap Fund
Data updated: 2026-09-23
FKBSX — Federated Kaufmann Small Cap Fund. United States Mid Cap Blend / Core Equity · $2.85B AUM. Holdings, fees, performance and SEC filings.
FKBSX Fund Overview
FKBSX — Federated Kaufmann Small Cap Fund is a US mutual fund managed by Federated Hermes Equity Funds, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Equity Funds
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $2.85B
- 1-year return: 0.0%
- Ticker: FKBSX
- SEC CIK: 0000745968
- SEC series ID: S000009730
- Share class ID: C000026734
FKBSX Investment Objective and Strategy
Federated Kaufmann Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Equity Funds.
Investment objective
The Fund's investment objective is to provide capital appreciation.
Principal investment strategy
"The Fund pursues its investment objective by investing primarily in the common stocks of small companies that are traded on national security exchanges, the NASDAQ stock market and on the over-the-counter market. Small companies will be defined as companies with market capitalizations similar to companies in the Russell 2000 Index (which had a market capitalization range of $30.9 million to $9.1 billion as of October 31, 2017) or the Standard & Poor's Small Cap 600 Index (which had a market capitalization range of $46.9 million to $5.9 billion as of October 31, 2017). The Fund will normally invest at least 80% of its net assets (which include the amount of any borrowing for investment purposes) in small companies and will notify shareholders at least 60 days in advance of any change in its investment policies that would permit the Fund to normally invest less than 80% of its net assets in investments in small companies.
Such definition will be applied at the time of investment and the Fund will not be required to sell a stock because a company has grown outside the market capitalization range of small capitalization stocks. Up to 30% of the Fund's net assets may be invested in foreign securities. When investing in foreign securities, the Fund's Adviser and Sub-Adviser (collectively, ""Adviser"") may emphasize investment in a particular country or group of countries which may subject the Fund to the risks of investing in such country or group of countries to a greater extent than if the Fund's foreign security exposure was diversified over a greater number of countries. The Adviser's process for selecting investments is bottom-up and growth-oriented. The Fund may loan up to 30% of its total assets in the form of its portfolio securities to unaffiliated broker/dealers, banks or other recognized institutional borrowers to generate additional income.
The Fund receives cash, U.S. Treasury obligations and/or other liquid securities as collateral. The Fund also may invest up to 15% of its net assets in illiquid securities. The Fund may invest in fixed-income securities, American Depositary Receipts and use derivative contracts (such as, for example, options, swaps and futures contracts) and/or hybrid instruments to implement elements of its investment strategy. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio's exposure to the investment(s) underlying the derivative or hybrid instruments in an attempt to benefit from changes in the value of the underlying investment(s), to realize gains from trading a derivative contract or to hedge against potential losses. There can be no assurances the Fund's use of derivative contracts and/or hybrid instruments will work as intended."
FKBSX Holdings
Top 10 holdings of Federated Kaufmann Small Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Comfort Systems USA, Inc. | 4.19% |
| Argenx SE | 3.53% |
| Guardant Health, Inc. | 3.34% |
| Ati, Inc. | 3.01% |
| Forte Biosciences Inc | 2.24% |
| Viking Holdings Ltd. | 2.23% |
| Camtek Ltd/Israel | 2.14% |
| Rhythm Pharmaceuticals, Inc. | 2.13% |
| Ul Solutions, Inc. | 2.12% |
| Sitime Corp. | 2.09% |
FKBSX Portfolio Allocation
Asset-class allocation of Federated Kaufmann Small Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.7% |
| Cash & Equivalents | 1.6% |
| Derivatives | 1.6% |
FKBSX Performance
Total returns for FKBSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -12.3% |
| 5 years (annualised) | 3.2% |
FKBSX Risk Information
Risk metrics for FKBSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
FKBSX Costs and Fees
FKBSX costs about $201 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.01%
- Gross expense ratio: 2.01%
- Portfolio turnover: 38%
- Brokerage commissions: 8.99 bps of average net assets (SEC N-CEN)
FKBSX Cashflows
Over the 12 months to 2026-04, Federated Kaufmann Small Cap Fund had net outflows of $383.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$103.84M |
| 2026-03 | −$104.66M |
| 2026-02 | −$67.77M |
| 2026-01 | −$47.15M |
| 2025-12 | $348.10M |
| 2025-11 | −$71.89M |
FKBSX Debt Constituents
No individual debt constituents are reported in Federated Kaufmann Small Cap Fund's latest SEC N-PORT filing.
FKBSX Prospectus and SEC Filings
Official Federated Kaufmann Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-26
- Prospectus (485BPOS) — filed 2023-12-27
- Portfolio holdings (N-PORT) — filed 2026-09-23
- Portfolio holdings (N-PORT) — filed 2026-06-23
- Portfolio holdings (N-PORT) — filed 2026-03-23
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.