KLCIX Fees and Costs — Federated Hermes Kaufmann Large Cap Fund, Institutional Shares
Data updated: 2026-09-23
The net expense ratio is 0.84%: a 0.74% management fee plus 0.21% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $293K in broker commissions, 0.0225% of average net assets, and portfolio turnover was 18%.
KLCIX Fees and Expenses
Annual operating expenses and sales charges of KLCIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.84% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
KLCIX Costs Over Time
On $10,000 invested in KLCIX, assuming 5% a year before costs, total costs come to $541 over 5 years, cutting the return by 0.91% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.84%) | $88 | $276 | $479 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $297 | $541 |
| Value after costs | $10,409 | $11,279 | $12,222 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
KLCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0225%
- Total broker commissions: $293K
- Bought from dealers (principal trades, not a cost): $830.4M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $326K
- Net income from securities lending: $6K (0.000% of average net assets)
KLCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $40K | 19.14% |
| TD Securities (USA) LLC | $39K | 18.82% |
| Jefferies LLC | $33K | 15.74% |
| Goldman Sachs & Co. LLC | $26K | 12.66% |
| UBS Securities LLC | $20K | 9.47% |
| J.P. Morgan Securities LLC | $11K | 5.36% |
| National Financial Services LLC | $10K | 4.88% |
| Piper Sandler & Co. | $10K | 4.88% |
| Morgan Stanley & Co. LLC | $10K | 4.63% |
| BofA Securities, Inc. | $9K | 4.41% |
KLCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $813.5M | 97.96% |
| Goldman Sachs & Co. LLC | $15.7M | 1.89% |
| TD Securities (USA) LLC | $1.2M | 0.15% |
| Barclays Capital Inc. | $44K | 0.01% |
Federated Hermes Kaufmann Large Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KLCSX | Class R6 | 0.78% | none |
| KLCIX | Institutional Shares | 0.84% | none |
| KLCAX | Class A | 1.09% | 5.50% |
| KLCKX | Class R | 1.48% | none |
| KLCCX | Class C | 1.89% | none |
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.