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Concentration Risk | 6 Months Ended
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Jun. 30, 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:
|  | Six Months Ended
|  | June 30,
|  | 2020 |  |  | 2019 |
Money Market Assets |  | 43 | % |  | 38 | %
Equity Assets |  | 36 | % |  | 41 | %
Fixed-Income Assets |  | 13 | % |  | 14 | %
The change in the relative proportion of Federated Hermes' revenue attributable to money market assets for the six months ended June 30, 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 |  | Six Months Ended
| June 30, |  | June 30,
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Federated Hermes Government Obligations Fund | 14 | % |  | 9 | % |  | 13 | % |  | 9 | %
Federated Hermes Strategic Value Dividend strategy1 | 8 | % |  | 11 | % |  | 9 | % |  | 11 | %
1 Strategy includes Federated Hermes Funds and Separate Accounts. A significant and prolonged decline in the AUM in this fund or strategy 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 this fund or strategy. (c) Revenue Concentration by Intermediary Approximately 8% and 10% of Federated Hermes' total revenue for the three- and six-month periods ended June 30, 2020, respectively, and 11% for both the three- and six-month periods ended June 30, 2019 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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