Transcription of Federated Kaufmann Fund
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Federated Kaufmann Fund
Semi-Annual Shareholder Report April 30, 2018. Share Class | Ticker A | KAUAX B | KAUBX C | KAUCX. R | KAUFX Institutional | KAUIX. Federated Kaufmann Fund Successor to the Kaufmann Fund, Inc., with performance history since February 21, 1986. A Portfolio of Federated Equity Funds Dear Valued Shareholder, I am pleased to present the Semi-Annual Shareholder Report for your fund covering the period from November 1, 2017 through April 30, 2018. This report includes a complete listing of your fund's holdings, performance information and financial statements along with other important fund information.
Portfolio of Investments Summary Table (unaudited) At April 30,2018,the Fund’s sector composition1 was follows: Sector Composition Percentage of Total Net Assets
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