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Concentration Risk (Tables)

3 Months Ended

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 strategy1			8		%				10		%

1    Strategy includes Federated Hermes Funds and Separate Accounts

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- References

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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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