Kaufmann Large Cap Growth SMA as of 12/31/20

Communication Services T‐Mobile US, Inc. Consumer Discretionary Amazon.com, Inc. Home Depot, Inc. Las Vegas Sand Corp. lululemon athletica inc. NIKE, Inc. The TJX Companies, Inc. Consumer Staples Costco Wholesale Corporation Energy New Fortress Energy, Inc. Financials Apollo Global Management LLC BlackRock, Inc. JPMorgan Chase & Co. KKR & Co., Inc Class COMMON The Goldman Sachs Group, Inc. Health Care Abbott Laboratories Alcon Inc. Alnylam Pharmaceuticals, Inc. Argenx SE ‐ ADR Biogen Inc. Boston Scientific Corp. Catalent, Inc. Danaher Corp. Dexcom, Inc. Edwards Lifesciences Corporation Genmab A/S ‐ ADR IDEXX Laboratories, Inc. Intuitive Surgical, Inc. Moderna, Inc. Sarepta Therapeutics, Inc. Stryker Corp. Ultragenyx Pharmaceutical, Inc. Veeva Systems Inc. Vertex Pharmaceuticals, Inc. Zai Lab Limited ‐ ADR Zoetis Inc. Industrials CoStar Group, Inc. IHS Markit Ltd Roper Technologies, Inc. Trane Technologies Public Limited Company United Parcel Service, Inc. Verisk Analytics, Inc. Information Technology Alibaba Group Holding Limited ‐ ADR Alphabet Inc. Apple Inc. Facebook, Inc. Fidelity National Information Services, Inc. GoDaddy, Inc. Marvell Technology Group Ltd. Mastercard, Inc. Microsoft Corporation PagSeguro Digital Ltd. Qualcomm, Inc. salesforce.com, inc. ServiceNow, Inc. Shopify, Inc. Splunk, Inc. Visa Inc. Workday, Inc. Materials Air Products and Chemicals, Inc. Ecolab Inc. Sherwin‐Williams Co. Real Estate Crown Castle International Corp.

Please refer to the GIPS® report available on FederatedInvestors.com for additonal information.

Federated Investment Counseling 50249 (2/21)