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Concentration Risk | 3 Months Ended
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Mar. 31, 2020
Risks and Uncertainties [Abstract] |
Concentration Risk | Concentration Risk (a) Revenue Concentration by Asset Class The following table presents Federated Hermes' revenue concentration by asset class:
|  | Three Months Ended
|  | March 31,
|  | 2020 |  |  | 2019 |
Equity Assets |  | 38 | % |  | 40 | %
Money Market Assets |  | 43 | % |  | 38 | %
Fixed-Income Assets |  | 13 | % |  | 14 | %
The change in the relative proportion of Federated Hermes' revenue attributable to money market assets for the three months ended March 31, 2020, as compared to the same period in 2019, was primarily the result of a higher proportion of average money market assets to total average assets in 2020 as compared to 2019. (b) Revenue Concentration by Investment Strategy/Fund The following table presents Federated Hermes' revenue concentration by investment strategy/fund:
|  | Three Months Ended
|  | March 31,
|  | 2020 |  |  | 2019 |
Federated Government Obligations Fund |  | 12 | % |  | 9 | %
Federated Strategic Value Dividend strategy1 |  | 9 | % |  | 11 | %
1 Strategy includes Federated Hermes Funds and Separate Accounts. A significant and prolonged decline in the AUM in these strategies/fund could have a material adverse effect on Federated Hermes' future revenues and, to a lesser extent, net income, due to a related reduction in distribution expenses associated with the Federated Hermes Funds managed in accordance with these strategies/fund. (c) Revenue Concentration by Intermediary Approximately 11% and 12% of Federated Hermes' total revenue for the three months ended March 31, 2020 and 2019, respectively, was derived from services provided to one intermediary, The Bank of New York Mellon Corporation, including its Pershing subsidiary. Significant negative changes in Federated Hermes' relationship with this intermediary could have a material adverse effect on Federated Hermes' future revenues and, to a lesser extent, net income due to a related reduction in distribution expenses associated with this intermediary.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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