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Concentration Risk (Tables)
 9 Months Ended
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,
20242023
Money Market Assets51 %46 %
Equity Assets29 %30 %
Fixed-Income Assets12 %12 %
The following table presents Federated Hermes’ revenue concentration by investment fund strategy:
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Federated Hermes Government Obligations Fund16 %14 %15 %14 %
Federated Hermes Prime Cash Obligations Fund10 %7 %9 %6 %