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Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents Federated's revenue disaggregated by asset class:
|  | Three Months Ended
|  | March 31,
(in thousands) |  | 2019 |  | 2018
Equity |  | $ | 123,634 |  |  | $ | 103,609 |
Money Market |  | 117,307 |  |  | 104,483 |
Fixed-Income |  | 43,677 |  |  | 45,048 |
Other 1 |  | 22,432 |  |  | 10,712 |
Total Revenue |  | $ | 307,050 |  |  | $ | 263,852 |
1 | Includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), Multi-Asset and, beginning in the third quarter of 2018, stewardship services revenue.
The following table presents Federated's revenue disaggregated by performance obligation:
|  | Three Months Ended
|  | March 31,
(in thousands) |  | 2019 |  | 2018
Asset Management 1 |  | $ | 211,199 |  |  | $ | 174,266 |
Administrative Services |  | 54,135 |  |  | 49,023 |
Distribution 2 |  | 36,246 |  |  | 38,057 |
Other 3 |  | 5,470 |  |  | 2,506 |
Total Revenue |  | $ | 307,050 |  |  | $ | 263,852 |
1 | The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606, as it is part of a unitary fee arrangement with a single performance obligation.
2 | The performance obligation is satisfied at a point in time and may include contingent deferred sales charges and upfront commissions. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period.
3 | Includes shareholder service fees and, beginning in the third quarter of 2018, stewardship services revenue.
The following table presents Federated's revenue disaggregated by geographical market:
|  | Three Months Ended
|  | March 31,
(in thousands) |  | 2019 |  | 2018
Domestic |  | $ | 252,390 |  |  | $ | 256,092 |
Foreign 1 |  | 54,660 |  |  | 7,760 |
Total Revenue |  | $ | 307,050 |  |  | $ | 263,852 |
1 | This represents revenue earned by non-U.S. domiciled subsidiaries.
The following table presents Federated's revenue disaggregated by product type:
|  | Three Months Ended
|  | March 31,
(in thousands) |  | 2019 |  | 2018
Federated Funds |  | $ | 248,352 |  |  | $ | 224,817 |
Separate Accounts |  | 55,592 |  |  | 39,035 |
Other 1 |  | 3,106 |  |  | 0 |
Total Revenue |  | $ | 307,050 |  |  | $ | 263,852 |
1 | Includes stewardship services revenue.
Future Fixed Revenue from Stewardship Services | Based on existing contracts and the exchange rates as of March 31, 2019, Federated may recognize future fixed revenue from stewardship services as presented in the following table:
(in thousands) |  |
Remainder of 2019 |  | $ | 6,892 |
2020 |  | 3,463 |
2021 |  | 1,746 |
2022 and Thereafter |  | 540 |
Total Remaining Unsatisfied Performance Obligations |  | $ | 12,641 |

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