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Concentration Risk (Tables)
6 Months Ended
Jun. 30, 2016
Risks and Uncertainties [Abstract]  
Schedule of Revenue Concentration
The following table summarizes the percentage of total revenue earned from Federated's asset classes for the periods presented:
 
 
Six Months Ended
 
 
June 30,
 
 
2016

 
2015

Money market assets
 
47
%
 
31
%
Equity assets
 
37
%
 
47
%
Fixed-income assets
 
16
%
 
22
%


Voluntary Fee Waivers
The impact of Voluntary Yield-related Fee Waivers on various components of Federated's Consolidated Statements of Income was as follows for the periods presented:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(in millions)
 
2016

 
2015

 
2016

 
2015

Revenue
 
$
(21.3
)
 
$
(84.2
)
 
$
(58.8
)
 
$
(178.3
)
Less: Reduction in Distribution expense
 
16.5

 
60.2

 
44.4

 
124.8

Operating income
 
(4.8
)
 
(24.0
)
 
(14.4
)
 
(53.5
)
Less: (Increase)/Reduction in Noncontrolling interests
 
(0.2
)
 
1.8

 
0.0

 
4.3

Pre-tax impact
 
$
(5.0
)
 
$
(22.2
)
 
$
(14.4
)
 
$
(49.2
)