Concentration Risk (Tables)

12 Months Ended

Dec. 31, 2023

Risks and Uncertainties [Abstract]

Schedule of Revenue Concentration

The following table presents Federated Hermes’ significant revenue concentration by asset class over the last three years:

	2023		2022		2021
Money Market Assets	47	%	40	%	19	%
Equity Assets	30	%	36	%	52	%
Fixed-Income Assets	12	%	14	%	18	%

(b) Revenue Concentration by Investment Fund Strategy

The following table presents Federated Hermes’ revenue concentration by investment fund strategy over the last three years:

	2023		2022		2021
Federated Government Obligations Fund	14	%	12	%	5	%
Federated Strategic Value Dividend strategy1	9	%	10	%	9	%
Federated Hermes Kaufmann Fund and Federated Hermes Kaufmann Fund II	5	%	7	%	11	%

1    Strategy includes Federated Hermes Funds and Separate Accounts.