Exhibit 99.1

Federated Hermes, Inc. reports record assets under management with second quarter 2025 earnings

•Total assets under management reach a record $845.7 billion

•MDT strategies reach $23.2 billion, up $6.4 billion from Q1 2025 and up $8.9 billion YTD

•Q2 2025 earnings per diluted share of $1.16

•Board declares $0.34 per share dividend and authorizes new share repurchase program

(PITTSBURGH, Pa., July 31, 2025) — Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today reported earnings per diluted share (EPS) of $1.16 for Q2 2025, compared to $0.20 for the same quarter last year, on net income of $91.0 million for Q2 2025, compared to $21.0 million for Q2 2024. Federated Hermes' Q2 2024 results included a $66.3 million non-cash expense, or ($0.76) per diluted share, related to the impairment of an indefinite-lived intangible asset.

Federated Hermes' total managed assets were a record $845.7 billion at June 30, 2025, up $63.0 billion or 8% from $782.7 billion at June 30, 2024 and up $5.9 billion or 1% from $839.8 billion at March 31, 2025. Total average managed assets for Q2 2025 were $837.3 billion, up $57.7 billion or 7% from $779.6 billion for Q2 2024 and down $5.9 billion or 1% from $843.2 billion for Q1 2025.

"In the second quarter, we saw continued interest in our broad suite of MDT equity and alternative quantitative investment solutions, which deploy a disciplined, repeatable process that is based on fundamental and technical factors and offers the opportunity for outperformance," said J. Christopher Donahue, president and chief executive officer. "Investors with interest in capital preservation and liquidity helped drive demand for our microshort and ultrashort funds, which are a step further out the yield curve and pursue higher yields than money market strategies. Also, ETF and collective investment trust offerings were among our quarterly leaders in net sales. We will continue to strategically introduce complementary offerings of our most popular investment strategies."

Federated Hermes' board of directors declared a dividend of$0.34 per share. The dividend is payable on Aug 15, 2025 to shareholders of record as of Aug 8, 2025. During Q2 2025, Federated Hermes purchased 1,547,182 shares of Federated Hermes class B common stock for $64.5 million. The board of directors also authorized its 18th share repurchase program, allowing the buyback of up to an additional 5 million shares of Federated Hermes class B common stock in the open market with no expiration date. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities. The company's existing 5 million share repurchase program, approved in October 2024, has approximately 1.1 million shares remaining.

Equity assets were $89.0 billion at June 30, 2025, up $11.1 billion or 14% from $77.9 billion at June 30, 2024 and up $8.1 billion or 10% from $80.9 billion at March 31, 2025. Top-selling equity funds during Q2 2025 on a net basis were Federated Hermes MDT Mid Cap Growth Fund, Federated Hermes MDT Mid Cap Growth Collective Investment Fund, Federated Hermes MDT All Cap Core Fund, Federated Hermes Asia ex-Japan Equity Fund and Federated Hermes MDT Large Cap Growth Fund.

MEDIA:	ANALYSTS:
Ed Costello 412-288-7538	Ray Hanley 412-288-1920

Federated Hermes reports Q2 2025 earnings Page 2 of 13

Fixed-income assets were $98.7 billion at June 30, 2025, up $3.4 billion or 4% from $95.3 billion at June 30, 2024 and down $0.8 billion from $99.5 billion at March 31, 2025. Top-selling fixed-income funds during Q2 2025 on a net basis included Federated Hermes Conservative Municipal Microshort Fund, Federated Hermes Total Return Bond ETF, Federated Hermes Ultrashort Bond Fund and Federated Hermes Conservative Microshort Fund.

Alternative/private markets assets were $20.7 billion at June 30, 2025, up $0.6 billion or 3% from $20.1 billion at June 30, 2024 and up $1.3 billion or 7% from $19.4 billion at March 31, 2025.

Money market assets were $634.4 billion at June 30, 2025, up $47.8 billion or 8% from $586.6 billion at June 30, 2024 and down $2.7 billion from $637.1 billion at March 31, 2025. Money market fund assets were a record $468.0 billion at June 30, 2025, up $42.4 billion or 10% from $425.6 billion at June 30, 2024 and up $3.1 billion or 1% from $464.9 billion at March 31, 2025.

Financial Summary

Q2 2025 vs. Q2 2024

Revenue increased $22.3 million or 6% primarily due to an increase in revenue resulting from higher average money market and equity assets.

During Q2 2025, Federated Hermes derived 53% of its revenue from money market assets, 46% from long-term assets (28% from equity, 12% from fixed-income, and 6% from alternative/private markets and multi-asset) and 1% from sources other than managed assets.

Operating expenses decreased $54.1 million or 15% primarily due to lower intangible asset related expense due to the Q2 2024 impairment of an intangible asset associated with the 2018 acquisition of Federated Hermes Limited, and a decrease in Other expense of $7.2 million primarily due to fluctuations in foreign currency exchange rates. These decreases were partially offset by a $14.1 million increase in compensation and related expense related to higher incentive compensation and a $5.9 million increase in distribution expenses resulting primarily from higher average managed money market fund assets.

Nonoperating income (expenses), net increased $11.8 million primarily due to an increase in the market value of investments in Q2 2025.

Q2 2025 vs. Q1 2025

Revenue increased $1.3 million primarily due to one more day in Q2 2025. This increase was partially offset by a decrease in performance fees.

Operating expenses increased $16.0 million or 5% primarily due to a $12.3 million increase in Other expense resulting from a Q1 2025 value added tax (VAT) refund received related to amended VAT filings in the U.K.

Nonoperating income (expenses), net increased $9.5 million primarily due to a larger increase in the market value of investments in Q2 2025 as compared to the increase in the market value of the investments in Q1 2025.

YTD 2025 vs. YTD 2024

Revenue increased $49.4 million or 6% primarily due to an increase in revenue from higher average money market and equity assets and an increase in performance fees.

Federated Hermes reports Q2 2025 earnings Page 3 of 13

For the first half of 2025, Federated Hermes derived 53% of its revenue from money market assets, 46% from long-term assets (28% from equity assets, 12% from fixed-income assets and 6% from alternative/private markets and multi-asset), and 1% from sources other than managed assets.

Operating expenses decreased $60.1 million or 9% primarily due to lower intangible asset related expense due to the Q2 2024 impairment charge and a $27.3 million decrease in Other expense resulting from the VAT refund received and fluctuations in foreign currency exchange rates. These decreases were offset by a $20.8 million increase in compensation and related expense primarily related to higher incentive compensation and a $10.1 million increase in distribution expenses resulting primarily from higher average managed money market fund assets.

Nonoperating income (expenses), net increased $10.6 million primarily due to a larger increase in the market value of investments in the first six months of 2025 compared to the increase in the market value of investments for the same period in 2024.

Earnings call information

Federated Hermes will host an earnings conference call at 9 a.m. Eastern on Friday, Aug. 1, 2025. Investors are invited to listen to the earnings teleconference by calling 888-506-0062 (domestic) or 973-528-0011 (international) prior to the 9 a.m. start time. To listen online, go to the About section of FederatedHermes.com/us at least 15 minutes prior to register and join the call. A replay will be available at approximately 12:30 p.m. Eastern on Aug. 1, 2025. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter access code 52682. The online replay will be available via FederatedHermes.com/usfor one year.

About Federated Hermes

Federated Hermes, Inc. is a global leader in active investment management, with $845.7 billion in assets under management1. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 10,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York, Boston and offices worldwide.

Federated Hermes ranks in the top 7% of equity fund managers, the top 8% of money market fund managers and the top 12% of fixed-income fund managers2 in the industry. Federated Hermes also ranks as the 10th-largest manager of model-delivered separately managed accounts3. For more information, including an analyst presentation, which is updated periodically, visit FederatedHermes.com/us.

###

1) As of June 30, 2025.

2) Morningstar, June 30, 2025. Based on U.S. fund flows rankings.

3) Money Management Institute/Cerulli,Q1 2025.

Federated Securities Corp. is distributor of the Federated Hermes funds.

Separately managed accounts are made available through Federated Global Investment Management Corp., Federated Investment Counseling, Federated MDTA LLC, Hermes Fund Managers Ireland Limited, Hermes Investment Management Limited, and Hermes GPE LLP, each a registered investment advisor in one or more of the U.S., U.K. or Ireland.

Cautionary statements

Certain statements in this press release, such as those related to performance, investment strategies and uses, investor preferences and demand, asset flows and asset mix constitute or may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or

Federated Hermes reports Q2 2025 earnings Page 4 of 13

achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements can include statements that do not relate strictly to historical or current facts and are typically identified by words or phrases such as “trend,” “forecast,” “project,” “predict,” “potential,” “approximate,” “opportunity,” “believe,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “projection,” “plan,” “assume,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “can,” “may” and similar expressions. Any forward-looking statement, and Federated Hermes' level of business activity and financial results, are inherently subject to significant business, market, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond Federated Hermes’ control. Other risks and uncertainties include the ability of the company to predict the level of fee waivers and expenses in future quarters, predict whether performance fees or carried interest will be earned and retained, the ability of the company to sustain offering demand, the timing and level of offering sales and redemptions, market appreciation or depreciation, revenues, and asset levels, flows and mix, which could vary significantly depending on various factors, such as market conditions, investment performance and investor behavior. Other risks and uncertainties include the risk factors discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness, or updating, of such statements in the future.

Federated Hermes reports Q2 2025 earnings Page 5 of 13

Unaudited Condensed Consolidated Statements of Income
(in thousands, except per share data)
	Quarter Ended				% Change Q2 2024 to Q2 2025		Quarter Ended		% Change Q1 2025 to Q2 2025
	June 30, 2025		June 30, 2024				March 31, 2025
Revenue
Investment advisory fees, net	$	287,435	$	270,622	6	%	$	287,460	0	%
Administrative service fees, net—affiliates	101,657		95,346		7		101,109		1
Other service fees, net	35,752		36,615		(2)		34,971		2
Total Revenue	424,844		402,583		6		423,540		0
Operating Expenses
Compensation and related	144,872		130,748		11		143,270		1
Distribution	99,399		93,503		6		99,085		0
Systems and communications	23,481		23,194		1		24,226		(3)
Professional service fees	18,628		19,845		(6)		18,548		0
Office and occupancy	9,910		9,765		1		9,952		0
Advertising and promotional	6,146		6,621		(7)		4,576		34
Travel and related	4,117		3,847		7		3,553		16
Intangible asset related	3,503		69,392		(95)		3,196		10
Other	(2,296)		4,951		(146)		(14,638)		84
Total Operating Expenses	307,760		361,866		(15)		291,768		5
Operating Income	117,084		40,717		188		131,772		(11)
Nonoperating Income (Expenses)
Investment income (loss), net	16,947		5,132		230		7,475		127
Debt expense	(3,170)		(3,159)		0		(3,179)		0
Other, net	(35)		(34)		(3)		(27)		(30)
Total Nonoperating Income (Expenses), net	13,742		1,939		NM		4,269		222
Income before income taxes	130,826		42,656		207		136,041		(4)
Income tax provision	34,135		23,431		46		32,165		6
Net income including the noncontrolling interests in subsidiaries	96,691		19,225		403		103,876		(7)
Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries	5,691		(1,802)		416		2,742		108
Net Income	$	91,000	$	21,027	333	%	$	101,134	(10)	%
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Share1
Basic and diluted	$	1.16	$	0.20	480	%	$	1.25	(7)	%
Weighted-Average Shares Outstanding
Basic	75,064		80,026				77,541
Diluted	75,072		80,026				77,542
Dividends Declared Per Share	$	0.34	$	1.31			$	0.31

1) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the "two-class method." As such, total net income of $4.1 million, $4.7 million and $4.5 million available to unvested restricted Federated Hermes shareholders for the quarterly periods ended June 30, 2025, June 30, 2024 and March 31, 2025, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q2 2025 earnings Page 6 of 13

Unaudited Condensed Consolidated Statements of Income
(in thousands, except per share data)
	Six Months Ended
	June 30, 2025		June 30, 2024		% Change
Revenue
Investment advisory fees, net	$	574,895	$	534,916	7	%
Administrative service fees, net—affiliates	202,766		190,132		7
Other service fees, net	70,723		73,906		(4)
Total Revenue	848,384		798,954		6
Operating Expenses
Compensation and related	288,143		267,294		8
Distribution	198,484		188,398		5
Systems and communications	47,707		45,017		6
Professional service fees	37,176		38,197		(3)
Office and occupancy	19,862		19,734		1
Advertising and promotional	10,722		10,927		(2)
Travel and related	7,670		7,119		8
Intangible asset related	6,699		72,627		NM
Other	(16,935)		10,343		(264)
Total Operating Expenses	599,528		659,656		(9)
Operating Income	248,856		139,298		79
Nonoperating Income (Expenses)
Investment income (loss), net	24,422		13,615		79
Debt expense	(6,349)		(6,308)		1
Other, net	(62)		69		(190)
Total Nonoperating Income (Expenses), net	18,011		7,376		144
Income before income taxes	266,867		146,674		82
Income tax provision	66,300		52,439		26
Net income including the noncontrolling interests in subsidiaries	200,567		94,235		113
Less: Net income (loss) attributable to the noncontrolling interests in subsidiaries	8,433		(1,825)		NM
Net Income	$	192,134	$	96,060	100	%
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Share1
Basic and diluted	$	2.40	$	1.12	114	%
Weighted-Average Shares Outstanding
Basic	76,296		80,367
Diluted	76,300		80,368
Dividends Declared Per Share	$	0.65	$	1.59

1) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the "two-class method." As such, total net income of $8.7 million and $5.8 million available to unvested restricted Federated Hermes shareholders for the six months ended June 30, 2025 and June 30, 2024, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q2 2025 earnings Page 7 of 13

Unaudited Condensed Consolidated Balance Sheets
(in thousands)	June 30, 2025		Dec. 31, 2024
Assets
Cash and other investments	$	607,479	$	641,042
Other current assets	153,203		140,310
Intangible assets, net, including goodwill	1,207,039		1,132,699
Other long-term assets	183,864		170,633
Total Assets	$	2,151,585	$	2,084,684
Liabilities, Redeemable Noncontrolling Interests and Equity
Current liabilities	$	225,729	$	289,193
Long-term debt	348,237		348,106
Other long-term liabilities	300,521		296,665
Redeemable noncontrolling interests	162,993		55,514
Equity excluding treasury stock	1,920,707		1,728,044
Treasury stock	(806,602)		(632,838)
Total Liabilities, Redeemable Noncontrolling Interests and Equity	$	2,151,585	$	2,084,684

Federated Hermes reports Q2 2025 earnings Page 8 of 13

Unaudited Changes in Long-Term Assets - By Asset Class
(in millions)	Quarter Ended						Six Months Ended
	June 30, 2025		March 31, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Equity
Beginning assets	$	80,913	$	79,423	$	80,157	$	79,423	$	79,291
Sales1	7,961		7,412		3,811		15,373		7,726
Redemptions1	(6,180)		(5,993)		(7,071)		(12,173)		(14,422)
Net sales (redemptions)1	1,781		1,419		(3,260)		3,200		(6,696)
Net exchanges	0		(114)		9		(114)		14
Impact of foreign exchange2	1,023		754		12		1,777		(555)
Market gains and (losses)3	5,277		(569)		933		4,708		5,797
Ending assets	$	88,994	$	80,913	$	77,851	$	88,994	$	77,851
Fixed Income
Beginning assets	$	99,486	$	98,059	$	96,325	$	98,059	$	94,920
Sales1	5,267		5,944		5,262		11,211		11,845
Redemptions1	(7,652)		(6,288)		(6,699)		(13,940)		(12,094)
Net sales (redemptions)1	(2,385)		(344)		(1,437)		(2,729)		(249)
Net exchanges	5		101		(179)		106		(186)
Impact of foreign exchange2	208		85		(8)		293		(79)
Market gains and (losses)3	1,373		1,585		593		2,958		888
Ending assets	$	98,687	$	99,486	$	95,294	$	98,687	$	95,294
Alternative/Private Markets
Beginning assets	$	19,426	$	18,864	$	20,465	$	18,864	$	20,551
Sales1	782		1,085		647		1,867		1,408
Redemptions1	(551)		(1,024)		(1,177)		(1,575)		(1,917)
Net sales (redemptions)1	231		61		(530)		292		(509)
Net exchanges	(1)		1		174		0		176
Acquisitions/(dispositions)	109		0		0		109		0
Impact of foreign exchange2	1,091		532		21		1,623		(205)
Market gains and (losses)3	(118)		(32)		(69)		(150)		48
Ending assets	$	20,738	$	19,426	$	20,061	$	20,738	$	20,061
Multi-asset
Beginning assets	$	2,826	$	2,883	$	2,928	$	2,883	$	2,867
Sales1	44		63		42		107		86
Redemptions1	(137)		(105)		(113)		(242)		(225)
Net sales (redemptions)1	(93)		(42)		(71)		(135)		(139)
Net exchanges	(2)		2		1		0		1
Market gains and (losses)3	125		(17)		18		108		147
Ending assets	$	2,856	$	2,826	$	2,876	$	2,856	$	2,876
Total Long-term Assets
Beginning assets	$	202,651	$	199,229	$	199,875	$	199,229	$	197,629
Sales1	14,054		14,504		9,762		28,558		21,065
Redemptions1	(14,520)		(13,410)		(15,060)		(27,930)		(28,658)
Net sales (redemptions)1	(466)		1,094		(5,298)		628		(7,593)
Net exchanges	2		(10)		5		(8)		5
Acquisitions/(dispositions)	109		0		0		109		0
Impact of foreign exchange2	2,322		1,371		25		3,693		(839)
Market gains and (losses)3	6,657		967		1,475		7,624		6,880
Ending assets	$	211,275	$	202,651	$	196,082	$	211,275	$	196,082

1)     For certain accounts, including separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

2) Reflects the impact of translating non-U.S. dollar denominated assets under management (AUM) into U.S. dollars for reporting purposes.

3) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

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Unaudited Changes in Long-Term Assets - By Asset Class and Offering Type
(in millions)
	Quarter Ended
	June 30, 2025
	Equity				Fixed Income				Alternative / Private Markets				Multi-asset				Total
	Funds		Separate Accounts1		Funds		Separate Accounts1		Funds		Separate Accounts1		Funds		Separate Accounts1		Funds.		Separate Accounts1
Beginning assets	$	43,910	$	37,003	$	45,800	$	53,686	$	11,879	$	7,547	$	2,700	$	126	$	104,289	$	98,362
Sales	4,764		3,197		3,271		1,996		674		108		44		0		8,753		5,301
Redemptions	(4,195)		(1,985)		(4,459)		(3,193)		(391)		(160)		(121)		(16)		(9,166)		(5,354)
Net sales (redemptions)	569		1,212		(1,188)		(1,197)		283		(52)		(77)		(16)		(413)		(53)
Net exchanges	0		0		6		(1)		(1)		0		(2)		0		3		(1)
Acquisitions/(dispositions)	0		0		0		0		109		0		0		0		109		0
Impact of foreign exchange2	567		456		125		83		621		470		0		0		1,313		1,009
Market gains and (losses)3	4,313		964		672		701		14		(132)		109		16		5,108		1,549
Ending assets	$	49,359	$	39,635	$	45,415	$	53,272	$	12,905	$	7,833	$	2,730	$	126	$	110,409	$	100,866
	Six Months Ended
	June 30, 2025
	Equity				Fixed Income				Alternative / Private Markets				Multi-asset				Total
	Funds		Separate Accounts1		Funds		Separate Accounts1		Funds		Separate Accounts1		Funds		Separate Accounts1		Funds		Separate Accounts1
Beginning assets	$	43,752	$	35,671	$	45,550	$	52,509	$	11,501	$	7,363	$	2,764	$	119	$	103,567	$	95,662
Sales	9,479		5,894		6,716		4,495		1,730		137		107		0		18,032		10,526
Redemptions	(7,838)		(4,335)		(8,528)		(5,412)		(1,341)		(234)		(222)		(20)		(17,929)		(10,001)
Net sales (redemptions)	1,641		1,559		(1,812)		(917)		389		(97)		(115)		(20)		103		525
Net exchanges	(107)		(7)		110		(4)		0		0		0		0		3		(11)
Acquisition-related	0		0		0		0		109		0		0		0		109		0
Impact of foreign exchange2	905		872		171		122		922		701		0		0		1,998		1,695
Market gains and (losses)3	3,168		1,540		1,396		1,562		(16)		(134)		81		27		4,629		2,995
Ending assets	$	49,359	$	39,635	$	45,415	$	53,272	$	12,905	$	7,833	$	2,730	$	126	$	110,409	$	100,866

1)    Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings. For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

2)    Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.

3)    Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

Federated Hermes reports Q2 2025 earnings Page 10 of 13

Unaudited Changes in Long-Term Assets - By Offering Type
(in millions)	Quarter Ended						Six Months Ended
	June 30, 2025		March 31, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Total Fund Assets
Beginning assets	$	104,289	$	103,567	$	103,143	$	103,567	$	101,530
Sales	8,753		9,279		6,318		18,032		13,484
Redemptions	(9,166)		(8,763)		(8,757)		(17,929)		(16,987)
Net sales (redemptions)	(413)		516		(2,439)		103		(3,503)
Net exchanges	3		0		6		3		8
Acquisitions/(dispositions)	109		0		0		109		0
Impact of foreign exchange1	1,313		685		(5)		1,998		(425)
Market gains and (losses)2	5,108		(479)		542		4,629		3,637
Ending assets	$	110,409	$	104,289	$	101,247	$	110,409	$	101,247
Total Separate Account Assets3
Beginning assets	$	98,362	$	95,662	$	96,732	$	95,662	$	96,099
Sales4	5,301		5,225		3,444		10,526		7,581
Redemptions4	(5,354)		(4,647)		(6,303)		(10,001)		(11,671)
Net sales (redemptions)4	(53)		578		(2,859)		525		(4,090)
Net exchanges	(1)		(10)		(1)		(11)		(3)
Impact of foreign exchange1	1,009		686		30		1,695		(414)
Market gains and (losses)2	1,549		1,446		933		2,995		3,243
Ending assets	$	100,866	$	98,362	$	94,835	$	100,866	$	94,835
Total Long-term Assets3
Beginning assets	$	202,651	$	199,229	$	199,875	$	199,229	$	197,629
Sales4	14,054		14,504		9,762		28,558		21,065
Redemptions4	(14,520)		(13,410)		(15,060)		(27,930)		(28,658)
Net sales (redemptions)4	(466)		1,094		(5,298)		628		(7,593)
Net exchanges	2		(10)		5		(8)		5
Acquisitions/(dispositions)	109		0		0		109		0
Impact of foreign exchange1	2,322		1,371		25		3,693		(839)
Market gains and (losses)2	6,657		967		1,475		7,624		6,880
Ending assets	$	211,275	$	202,651	$	196,082	$	211,275	$	196,082

1) Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.

2) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

3) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings.

4) For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

Federated Hermes reports Q2 2025 earnings Page 11 of 13

Unaudited Managed Assets
(in millions)	June 30, 2025		March 31, 2025		Dec. 31, 2024		Sept. 30, 2024		June 30, 2024
By Asset Class
Equity	$	88,994	$	80,913	$	79,423	$	83,609	$	77,851
Fixed-income	98,687		99,486		98,059		100,171		95,294
Alternative / private markets	20,738		19,426		18,864		20,683		20,061
Multi-asset	2,856		2,826		2,883		2,958		2,876
Total long-term assets	211,275		202,651		199,229		207,421		196,082
Money market	634,400		637,122		630,349		593,030		586,647
Total Managed Assets	$	845,675	$	839,773	$	829,578	$	800,451	$	782,729
By Offering Type
Funds:
Equity	$	49,359	$	43,910	$	43,752	$	45,391	$	42,404
Fixed-income	45,415		45,800		45,550		46,027		43,842
Alternative / private markets	12,905		11,879		11,501		12,558		12,258
Multi-asset	2,730		2,700		2,764		2,823		2,743
Total long-term assets	110,409		104,289		103,567		106,799		101,247
Money market	468,044		464,912		461,720		440,397		425,627
Total Fund Assets	$	578,453	$	569,201	$	565,287	$	547,196	$	526,874
Separate Accounts:
Equity	$	39,635	$	37,003	$	35,671	$	38,218	$	35,447
Fixed-income	53,272		53,686		52,509		54,144		51,452
Alternative / private markets	7,833		7,547		7,363		8,125		7,803
Multi-asset	126		126		119		135		133
Total long-term assets	100,866		98,362		95,662		100,622		94,835
Money market	166,356		172,210		168,629		152,633		161,020
Total Separate Account Assets	$	267,222	$	270,572	$	264,291	$	253,255	$	255,855
Total Managed Assets	$	845,675	$	839,773	$	829,578	$	800,451	$	782,729

Federated Hermes reports Q2 2025 earnings Page 12 of 13

Unaudited Average Managed Assets	Quarter Ended
(in millions)	June 30, 2025		March 31, 2025		Dec. 31, 2024		Sept. 30, 2024		June 30, 2024
By Asset Class
Equity	$	83,564	$	82,105	$	82,247	$	80,220	$	78,137
Fixed-income	98,365		99,360		98,254		97,563		95,484
Alternative / private markets	20,053		19,012		19,754		20,455		20,306
Multi-asset	2,779		2,900		2,934		2,910		2,889
Total long-term assets	204,761		203,377		203,189		201,148		196,816
Money market	632,543		639,827		601,169		592,304		582,758
Total Avg. Managed Assets	$	837,304	$	843,204	$	804,358	$	793,452	$	779,574
By Offering Type
Funds:
Equity	$	45,965	$	45,260	$	45,261	$	43,632	$	42,274
Fixed-income	44,972		45,715		45,654		44,977		43,910
Alternative / private markets	12,370		11,610		12,010		12,451		12,331
Multi-asset	2,654		2,774		2,811		2,775		2,737
Total long-term assets	105,961		105,359		105,736		103,835		101,252
Money market	462,683		463,727		445,775		436,418		419,999
Total Avg. Fund Assets	$	568,644	$	569,086	$	551,511	$	540,253	$	521,251
Separate Accounts:
Equity	$	37,599	$	36,845	$	36,986	$	36,588	$	35,863
Fixed-income	53,393		53,645		52,600		52,586		51,574
Alternative / private markets	7,683		7,402		7,744		8,004		7,975
Multi-asset	125		126		123		135		152
Total long-term assets	98,800		98,018		97,453		97,313		95,564
Money market	169,860		176,100		155,394		155,886		162,759
Total Avg. Separate Account Assets	$	268,660	$	274,118	$	252,847	$	253,199	$	258,323
Total Avg. Managed Assets	$	837,304	$	843,204	$	804,358	$	793,452	$	779,574

Federated Hermes reports Q2 2025 earnings Page 13 of 13

Unaudited Average Managed Assets	Six Months Ended
(in millions)	June 30, 2025		June 30, 2024
By Asset Class
Equity	$	82,834	$	78,553
Fixed-income	98,862		95,638
Alternative / private markets	19,533		20,395
Multi-asset	2,840		2,882
Total long-term assets	204,069		197,468
Money market	636,185		580,570
Total Avg. Managed Assets	$	840,254	$	778,038
By Offering Type
Funds:
Equity	$	45,612	$	42,315
Fixed-income	45,344		43,884
Alternative / private markets	11,990		12,354
Multi-asset	2,714		2,738
Total long-term assets	105,660		101,291
Money market	463,205		417,450
Total Avg. Fund Assets	$	568,865	$	518,741
Separate Accounts:
Equity	$	37,222	$	36,238
Fixed-income	53,518		51,754
Alternative / private markets	7,543		8,041
Multi-asset	126		144
Total long-term assets	98,409		96,177
Money market	172,980		163,120
Total Avg. Separate Account Assets	$	271,389	$	259,297
Total Avg. Managed Assets	$	840,254	$	778,038