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Concentration Risk (Tables) | 12 Months Ended
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Dec. 31, 2023
Risks and Uncertainties [Abstract] |
Schedule of Revenue Concentration | The following table presents Federated Hermes’ significant revenue concentration by asset class over the last three years:
|  | 2023 |  | 2022 |  | 2021
Money Market Assets |  | 47 | % |  | 40 | % |  | 19 | %
Equity Assets |  | 30 | % |  | 36 | % |  | 52 | %
Fixed-Income Assets |  | 12 | % |  | 14 | % |  | 18 | %
(b) Revenue Concentration by Investment Fund Strategy The following table presents Federated Hermes’ revenue concentration by investment fund strategy over the last three years:
|  | 2023 |  | 2022 |  | 2021
Federated Government Obligations Fund |  | 14 | % |  | 12 | % |  | 5 | %
Federated Strategic Value Dividend strategy 1 |  | 9 | % |  | 10 | % |  | 9 | %
Federated Hermes Kaufmann Fund and Federated Hermes Kaufmann Fund II |  | 5 | % |  | 7 | % |  | 11 | %
1 Strategy includes Federated Hermes Funds and Separate Accounts.

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