Federated Hermes recently announced Federated Hermes Kaufmann Large Cap's 2023 distribution estimates. As anticipated, investors could see a sizable tax bill at the end of the year. The fund expects to distribute roughly $5.04 per share at the end of 2023—roughly 23% of its net asset value as of Sept. 30, 2023. Although the actual distribution might vary somewhat, it’s likely that this will be the third year in a row that the fund has issued a hefty distribution to its investors. As such, the fund is best held in a nontaxable account. The upcoming distribution does not affect the fund’s Average People or Below Average Process rating.
- NAV / 1-Day Return 23.13 / 0.64 %
- Total Assets 1.7 Bil
-
Adj. Expense Ratio
1.090%
- Expense Ratio 1.090%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Large Growth
- Investment Style Large Growth
- Min. Initial Investment 1,500
- Status Open
- TTM Yield —
- Turnover 15%
Morningstar’s Analysis KLCAX
Will KLCAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 63
- Bond Holdings 0
- Other Holdings 7
- % Assets in Top 10 Holdings 37.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Federated Hermes Inst Prime Val Obl IS
3.10
53,203,346
Cash and Equivalents