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Concentration Risk (Tables) | 3 Months Ended
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Mar. 31, 2024
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,
|  | 2024 |  | 2023
Money Market Assets |  | 51 | % |  | 47 | %
Equity Assets |  | 30 | % |  | 33 | %
Fixed-Income Assets |  | 12 | % |  | 13 | %
The following table presents Federated Hermes’ revenue concentration by investment fund strategy:
| Three Months Ended |  |
| March 31, |  |
| 2024 |  | 2023 |  |  |  |
Federated Hermes Government Obligations Fund | 15 | % |  | 14 | % |  |  |  |
Federated Hermes Strategic Value Dividend strategy 1 | 8 | % |  | 10 | % |  |  |  |
1 Strategy includes Federated Hermes Funds and Separate Accounts

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