On March 18, 2022, Federated Hermes announced the abrupt retirement of healthcare-focused manager Vivian Wohl from its New York-based Kaufmann team. Wohl’s retirement is effective immediately. This comes just seven months after manager Jonathan Art’s sudden retirement. The recent churn bears watching, but the team is still on solid ground with seven impressive, experienced sector-focused managers remaining. As such, both Federated Hermes Kaufmann and Federated Hermes Kaufmann Large Cap retain their Above Average People Pillar ratings and Morningstar Analyst Rating of Neutral across all share classes.
Federated Hermes Kaufmann Large Cap A KLCAX
NAV / 1-Day Return
26.94
/
0.52
%
Total Assets
2.7 Bil
Adj. Expense Ratio
1.090%
Expense Ratio
1.090%
Fee Level
Above Average
Longest Manager Tenure
14.70
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
1,500
Status
Open
TTM Yield
0.00%
Turnover
28%
Morningstar’s Fund Analysis KLCAX
Will KLCAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KLCAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the KLCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of KLCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Federated Hermes Kaufmann Team Loses a Manager, Ratings Unchanged
