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Concentration Risk (Tables) | 9 Months Ended
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Sep. 30, 2024
Risks and Uncertainties [Abstract] |
Schedule of Revenue Concentration | The following table presents Federated Hermes’ significant revenue concentration by asset class:
|  | Nine Months Ended
|  | September 30,
|  | 2024 |  | 2023
Money Market Assets |  | 51 | % |  | 46 | %
Equity Assets |  | 29 | % |  | 30 | %
Fixed-Income Assets |  | 12 | % |  | 12 | %
The following table presents Federated Hermes’ revenue concentration by investment fund strategy:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Federated Hermes Government Obligations Fund | 16 | % |  | 14 | % |  | 15 | % |  | 14 | %
Federated Hermes Prime Cash Obligations Fund | 10 | % |  | 7 | % |  | 9 | % |  | 6 | %

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