Federated(US:FHI)2025-08-01 13:00Company Overview - Federated Hermes manages $845.7 billion in assets, including $211.3 billion in long-term managed assets: $89.0 billion in equity, $98.7 billion in fixed income, $20.7 billion in alternative/private markets, and $2.9 billion in multi-asset [12] - The company's total revenue for Q2 2025 was $424.8 million [14] - Federated Hermes has $634.4 billion in liquidity assets [10, 16] Asset Class Performance - Equity assets increased by $8.1 billion, a 10% rise from $80.9 billion as of March 31, 2025 [21] - Fixed-income assets decreased by $0.8 billion, a 1% decline from $99.5 billion as of March 31, 2025 [21] Revenue Diversification - In Q2 2025, money market funds contributed an average of 35% to revenue less distribution expense, with a high of 61% and a low of 13% [23] - Equity contributed an average of 43% to revenue less distribution expense, with a high of 56% and a low of 27% [23] - Fixed income contributed an average of 18% to revenue less distribution expense, with a high of 25% and a low of 11% [23] - Alternative/Private Markets and Multi-asset contributed an average of 9% to revenue less distribution expense, with a high of 19% and a low of 6% [23] Distribution Channels - U S Financial Intermediaries account for 67% of assets under management [26] - U S Institutional accounts for 26% of assets under management [26] - International accounts for 7% of assets under management [26] Capital Allocation - Since its IPO in 1998, Federated Hermes has allocated cash towards dividends (45%), share repurchases (35%), and acquisitions (20%) [77] - Total share repurchase, acquisition, and dividend payments since the IPO amount to $6.6 billion [78]