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Federated Hermes Kaufmann Large Cap R KLCKX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 18.55  /  +0.43 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.480%
  • Expense Ratio 1.480%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Large Growth
  • Investment Style Large Growth
  • Min. Initial Investment
  • Status Open
  • TTM Yield
  • Turnover 19%

USD | NAV as of Jul 12, 2024 | 1-Day Return as of Jul 12, 2024, 10:16 PM GMT+0

Morningstar’s Analysis KLCKX

Will KLCKX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Federated Hermes Kaufmann Manager to Retire; Ratings Unchanged

null David Carey

David Carey

Analyst Note

Federated Hermes announced on June 20, 2024, that financials-focused manager Mark Bauknight will retire from Federated Hermes Kaufmann Large Cap and Federated Hermes Kaufmann effective Sept. 30, 2024. The change does not affect the funds' Average People ratings or their Morningstar Analyst Ratings of Neutral or Negative, depending on share-class fees. Bauknight's experience will be missed, and it's unclear who will take over his coverage of financial-services firms. He joined the Kaufmann team in 1997 and became a comanager on Federated Hermes Kaufmann in October 2003 before being named a comanager on Federated Hermes Kaufmann Large Cap in December 2007. While financials tend to be a relatively small cut of the portfolios' assets—often less than 10% of each portfolio—the uncertainty surrounding the coverage change bears watching and underpins the disruptive nature of personnel changes given the team's sector-focused approach and lack of a succession plan. Despite the concerns, the rest of the team is adequate; seven managers averaging more than 30 years of industry experience remain.

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Portfolio Holdings KLCKX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 37.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

6.28 101.8 Mil
Technology

Amazon.com Inc

4.74 76.9 Mil
Consumer Cyclical

ServiceNow Inc

4.47 72.4 Mil
Technology

NVIDIA Corp

3.96 64.2 Mil
Technology

Alphabet Inc Class A

3.88 63.0 Mil
Communication Services

Costco Wholesale Corp

3.20 51.9 Mil
Consumer Defensive

CrowdStrike Holdings Inc Class A

3.00 48.7 Mil
Technology

argenx SE ADR

2.91 47.2 Mil
Healthcare

Trane Technologies PLC Class A

2.88 46.7 Mil
Industrials

BlackRock Inc

2.59 41.9 Mil
Financial Services