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Concentration Risk (Tables)
 12 Months Ended
Dec. 31, 2024
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:
202420232022
Money Market Assets51 %47 %40 %
Equity Assets29 %30 %36 %
Fixed-Income Assets12 %12 %14 %
(b) Revenue Concentration by Investment Fund Strategy
The following table presents Federated Hermes’ revenue concentration by investment fund strategy over the last three years:
202420232022
Federated Government Obligations Fund15 %14 %12 %
Federated Strategic Value Dividend strategy1
8 %9 %10 %
1    Strategy includes Federated Hermes Funds and Separate Accounts.