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Concentration Risk (Tables)

3 Months Ended

Mar. 31, 2023

Risks and Uncertainties [Abstract]

Schedule of Revenue Concentration

The following table presents Federated Hermes’ significant revenue concentration by asset class:

						Three Months Ended
						March 31,
						2023						2022
Money Market Assets						47		%				27		%
Equity Assets						33		%				45		%
Fixed-Income Assets						13		%				18		%

The following table presents Federated Hermes’ revenue concentration by investment fund strategy:

			Three Months Ended
			March 31,
			2023						2022
Federated Hermes Government Obligations Fund			14		%				7		%
Federated Hermes Strategic Value Dividend strategy1			10		%				10		%

1    Strategy includes Federated Hermes Funds and Separate Accounts.

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- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

+ References

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