Federated Hermes Kaufmann Small Cap A

FKASX · NASDAQ

Market closed$48.40$0.009997 (+0.02%)

Key statistics

Previous close$48.39

Open$48.40

Day high$48.40

Day low$48.40

52-week high$54.02

52-week low$39.06

Market cap3.16B

Volume—

Average volume—

P/E ratio—

Forward P/E—

EPS—

Dividend yield0.00%

Market context

Why it moved

FKASX edged slightly higher amid broadly stable market conditions, with minimal trading volume suggesting routine fund valuation adjustments rather than any specific catalyst driving the modest uptick.

Fintel

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Federated Hermes Kaufmann Small Cap A declined amid a broader tech-driven selloff that weighed on small-cap growth funds, as the Nasdaq fell sharply on semiconductor weakness and rotation out of chip stocks. The financial services sector faced additional headwinds from AI disruption concerns flagged by Morningstar, even as large-cap peers like BlackRock and Goldman Sachs posted record Q2 earnings — a dynamic that has not yet translated into broader support for active small-cap strategies.

-1.8455

July 15, 2026Federated Hermes Kaufmann Small Cap A closed down modestly, pressured by a challenging backdrop for small-cap strategies as Natixis strategists' H2 2026 outlook explicitly favors large-caps over small-caps (76% consensus) and growth over value, dampening sentiment for small-cap fund flows. The broader financial services sector saw mixed signals — while large-cap asset managers like BlackRock and Morgan Stanley posted record Q2 results and XLF traded near its 52-week high, Morningstar flagged AI disruption concerns and private credit cracks as ongoing headwinds for the sector. The fund's small-cap focus faces a particularly headwind from strategist preferences for mega-cap AI-driven names heading into H2 2026.

-1.4785

July 13, 2026Federated Hermes Kaufmann Small Cap A declined sharply as broad risk-off sentiment gripped markets following renewed U.S.-Iran military exchanges over the weekend, sending oil prices surging nearly 5% and weighing heavily on equities. The small-cap fund faced additional headwinds from a macro backdrop of elevated inflation concerns, a chip-led selloff in Asia, and investor caution ahead of a packed Q2 earnings week featuring major U.S. banks — while Morningstar flagged financial services as the second-worst-performing sector over the past year, citing AI disruption fears and cracks in private credit.

-3.1423

July 9, 2026Federated Hermes Kaufmann Small Cap A closed up 1.42%, outperforming the broader financial services sector as XLF edged modestly higher on the day. The fund's small-cap focus benefited from a broadening market rotation away from AI-heavy mega-caps, a trend that has been building since June as investors diversified into economically sensitive smaller companies. Meanwhile, the broader financial sector is riding positive sentiment ahead of Q2 bank earnings season beginning July 14, with S&P 500 Q2 earnings growth expectations running at +24% year-over-year, providing a constructive backdrop for active asset managers.

1.4231

July 8, 2026Federated Hermes Kaufmann Small Cap A declined as a broad risk-off selloff swept markets, driven by escalating U.S.-Iran military exchanges that pushed oil prices up over 5% and rattled investor sentiment. The small-cap fund faced headwinds from a wider equity retreat—tech and industrials led losses, Treasury yields hit four-week highs, and the financial sector came under pressure ahead of Q2 bank earnings season, with UBS flagging "peak banking optimism" even as capital markets activity remains robust.

-2.7346

July 2, 2026Federated Hermes Kaufmann Small Cap A closed down sharply, weighed by a broader risk-off tone as U.S. equities slipped to start July amid a semiconductor-led selloff and macro uncertainty ahead of the June jobs report. Asset management stocks broadly struggled, with the sector down an average of 8.9% since Q1 earnings as firms like Carlyle, Artisan Partners, and Blackstone all reported underwhelming results. The hawkish Fed backdrop—with markets pricing potential rate hikes later in 2026—added pressure on small-cap and active-management fund valuations, while the XLF sector ETF held relatively steady, suggesting idiosyncratic weakness in small-cap equity funds.

-3.418

June 30, 2026Federated Hermes Kaufmann Small Cap A surged on the final trading day of the first half of 2026, outperforming the broader financial sector as the XLF edged marginally lower in after-hours trade. The fund's gains came as small-cap equities benefited from a risk-on tone fueled by U.S.-Iran de-escalation optimism and a strong quarterly rebound — with the S&P 500 on track for its best quarterly performance since 2020 — while the asset management sector drew mixed sentiment after Oppenheimer downgraded major banks but peers like Affiliated Managers Group received a Zacks Buy upgrade on improving earnings outlooks.

3.2735

June 25, 2026Federated Hermes Kaufmann Small Cap A rose roughly 2% as small-cap equities broadly rebounded following Micron Technology's blowout earnings report, which sent chip stocks surging and lifted risk appetite across growth-oriented segments. The fund's gains came amid a broader market recovery after a volatile stretch driven by AI valuation concerns and a mid-week tech selloff, with investors rotating back into small-cap names as sentiment improved on strong semiconductor fundamentals and easing geopolitical pressures.

2.0585

PR Newswire · April 30, 2026Federated Hermes, Inc. reports record assets under management with first quarter 2026 earnings PR Newswire · March 5, 2026Federated Hermes, Inc.'s CEO to participate in 2026 RBC Capital Markets Global Financial Institutions Conference RankiaPro · June 23, 2020Interview with Stephen Auth of Federated Hermes Barron's · February 13, 2019Beating the Market With Medical-Device Stocks

Peers

S&P 500SPX · $7,457.69-1.01%

American Beacon Large Cap Value R5AADEX · $29.43-0.54%

Conestoga Small Cap InstitutionalCCALX · $69.67-1.79%

Cohen & Steers Institutional Realty SharesCSRIX · $55.58+0.09%

DoubleLine Shiller Enhanced CAPE Class IDSEEX · $15.79-0.82%

Franklin Managed Income AFBLAX · $13.54-0.22%

Fidelity Select Defense & Aerospace PortfolioFSDAX · $28.260.00%

Fidelity Value DiscoveryFVDFX · $44.65-0.45%

JPMorgan SmartRetirement Blend 2040 Fd R6JOBYX · $39.34-0.63%

JPMorgan SmartRetirement 2045 R6JSAYX · $26.23-0.76%

Nuveen Lifecycle Index 2060 Fund R6TVIIX · $25.67-0.85%

Company profile

Federated Hermes Kaufmann Small Cap A (FKASX) is an actively managed mutual fund launched in December 2002, domiciled in Pittsburgh, PA, and managed under the Federated Hermes family of funds, a global investment management firm overseeing approximately $903 billion in assets under management. The fund seeks capital appreciation by investing primarily in the common stocks of small-cap companies traded on national security exchanges, the NASDAQ Stock Market, and the over-the-counter market, with a policy of maintaining at least 80% of its net assets in small-company holdings. With approximately $3.23 billion in total fund assets, a portfolio of around 141 holdings, and its heaviest sector exposures in Healthcare, Financials, and Technology, FKASX targets companies with significant growth potential and market capitalizations typically below $2 billion. The fund carries an expense ratio of 1.35%, a minimum initial investment of $1,500, and has delivered an average annual return of approximately 12.42% since inception, though it has demonstrated above-average volatility relative to its Small Cap Growth peer category.

Symbol: FKASX
Exchange: NASDAQ
Sector: Financial Services
Industry: Asset Management
Employees: 0
Country: US
IPO date: 2002-12-19
Website: federatedhermes.com

Analyst consensus

hold

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