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Concentration Risk (Tables)
6 Months Ended
Jun. 30, 2017
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,
 
 
2017

 
2016

Money market assets
 
41
%
 
47
%
Equity assets
 
42
%
 
37
%
Fixed-income assets
 
17
%
 
16
%


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)
 
2017

 
2016

 
2017

 
2016

Revenue
 
$
(0.1
)
 
$
(21.3
)
 
$
(4.4
)
 
$
(58.8
)
Less: Reduction in Distribution expense
 
0.1

 
16.5

 
3.6

 
44.4

Operating income
 
0.0

 
(4.8
)
 
(0.8
)
 
(14.4
)
Less: Increase in Noncontrolling interests
 
0.0

 
(0.2
)
 
0.0

 
0.0

Pre-tax impact
 
$
0.0

 
$
(5.0
)
 
$
(0.8
)
 
$
(14.4
)