Concentration Risk (Tables)

12 Months Ended

Dec. 31, 2018

Risks and Uncertainties [Abstract]

Schedules of Concentrations

The following table presents Federated's revenue concentration by asset class over the last three years:

	2018		2017		2016
Equity Assets	41	%	38	%	33	%
Money Market Assets	37	%	41	%	45	%
Fixed-Income Assets	16	%	17	%	17	%

(b) Revenue Concentration by Investment Strategy

The following table presents Federated's revenue concentration by investment strategy over the last three years:

	2018		2017		2016
Federated Strategic Value Dividend strategy1	15	%	18	%	15	%
Federated Kaufmann Mid-Cap Growth strategy2	10	%	9	%	8	%

1 Strategy includes Federated Funds and Separate Accounts.

2 Strategy includes Federated Funds.

Voluntary Fee Waivers

The impact of such fee waivers on various components of Federated's Consolidated Statements of Income was as follows for the years ended December 31:

in millions	2018		2017			2016
Revenue	$	0.0	$	(4.4	)	$	(87.8	)
Less: Reduction in Distribution Expense	0.0		3.6			65.8
Operating Income	0.0		(0.8		)	(22.0		)
Less: Reduction in Noncontrolling Interest	0.0		0.0			0.0
Pre-tax Impact	$	0.0	$	(0.8	)	$	(22.0	)