The Federated Hermes Kaufmann Fund Institutional Shares is a mutual fund designed to pursue capital appreciation by investing primarily in the stocks of mid- and small-cap companies that demonstrate strong growth characteristics. This investment vehicle focuses on identifying reasonably priced, established enterprises with proven profitability and substantial growth prospects, rather than early-stage or venture investments. The fund distinguishes itself through an intensive, bottom-up research process that involves frequent conversations with company executives, on-site visits, and thorough fundamental analysis. Managed by an experienced team of growth specialists, the Federated Hermes Kaufmann Fund has a long-standing performance history—over 35 years—gaining recognition for its disciplined approach to growth investing. Catering to institutional investors, the fund provides exposure to a diversified array of sectors across the U.S. equity market, reinforcing its role in offering core mid-cap growth exposure within diversified investment portfolios.