Federated Hermes, Inc. reports record assets under management with third quarter 2025 earnings

— Total assets under management reach a record $871.2 billion

— Money market assets reach a record $652.8 billion; fixed-income assets reach a record $101.8 billion

— Q3 2025 earnings per diluted share of $1.34

— Board declares $0.34 per share dividend

Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today reported earnings per diluted share (EPS) of $1.34 for Q3 2025, compared to $1.06 for the same quarter last year, on net income of $104.1 million for Q3 2025, compared to $87.5 million for Q3 2024.

Federated Hermes' total managed assets were a record $871.2 billion at Sept.30, 2025, up $70.7 billion or 9% from $800.5 billion at Sept.30,2024 and up $25.5 billion or 3% from $845.7 billion at June30,2025. Total average managed assets for Q3 2025 were $859.5 billion, up $66.0 billion or 8% from $793.5 billion for Q3 2024 and up $22.2 billion or 3% from $837.3 billion for Q2 2025.

“We saw record net sales of equity funds in the third quarter, driven by continued interest in our MDT equity and alternative quantitative investment offerings-a broad suite of quantitative investment solutions that employ a disciplined, bottom-up investment approach that fits a variety of portfolio structures as core or complementary strategies,” said J. Christopher Donahue, president and chief executive officer. “In the declining rate environment of the third quarter, investors with interest in capital preservation and liquidity continued to rely on our money market offerings. They also turned to our microshort and ultrashort funds, which are a step further out the yield curve and pursue higher yields than money market strategies.”

Federated Hermes' board of directors declared a dividend of$0.34 per share. The dividend is payable on Nov. 14, 2025 to shareholders of record as of Nov. 7, 2025. During Q3 2025, Federated Hermes purchased 20,808 shares of Federated Hermes class B common stock due to employee restricted stock forfeitures.

Equity assets were $94.7 billion at Sept.30, 2025, up $11.1 billion or 13% from $83.6 billion at Sept.30,2024 and up $5.7 billion or 6% from $89.0 billion at June30,2025. Top-selling equity funds during Q3 2025 on a net basis were Federated Hermes MDT Mid Cap Growth Fund, Federated Hermes MDT Large Cap Growth Fund, Federated Hermes MDT All Cap Core Fund, Federated Hermes Asia ex-Japan Equity Fund and Federated Hermes MDT Large Cap Value Fund.

Fixed-income assets were a record $101.8 billion at Sept.30, 2025, up $1.6 billion or 2% from $100.2 billion at Sept.30,2024 and up $3.1 billion or 3% from $98.7 billion at June30,2025. Top-selling fixed-income funds during Q3 2025 on a net basis were Federated Hermes Ultrashort Bond Fund, Federated Hermes Sustainable Global Investment Grade Credit Fund, Federated Hermes Municipal Ultrashort Fund, Federated Hermes Government Ultrashort Fund and Federated Hermes Short Term Income Fund.

Alternative/private markets assets were $19.0 billion at Sept.30, 2025, down $1.7 billion or 8% from $20.7 billion at Sept.30,2024 and down $1.7 billion or 8% from $20.7 billion at June30,2025.

Money market assets were a record $652.8 billion at Sept.30, 2025, up $59.8 billion or 10% from $593.0 billion at Sept.30,2024 and up $18.4 billion or 3% from $634.4 billion at June30,2025. Money market fund assets were a record $492.7 billion at Sept.30, 2025, up $52.3 billion or 12% from $440.4 billion at Sept.30,2024 and up $24.7 billion or 5% from $468.0 billion at June30,2025.

Financial Summary

Q3 2025vs. Q3 2024

Revenue increased $61.0 million or 15% primarily due to an increase in revenue resulting from higher average money market and equity assets.

During Q3 2025, Federated Hermes derived 52% of its revenue from money market assets, 46% from long-term assets (29% from equity, 11% from fixed-income, and 6% from alternative/private markets and multi-asset) and 2% from sources other than managed assets.

Operating expenses increased $43.3 million or 15% primarily due to a $17.7 million increase in distribution expenses resulting primarily from higher average managed money market fund assets, an increase in Other expense of $13.7 million primarily due to fluctuations in foreign currency exchange rates and a $8.5 million increase in Compensation and related expense primarily related to higher incentive compensation.

Nonoperating income (expenses), net for Q3 2025 was flat, as compared to the same period in 2024.

Q3 2025vs. Q2 2025

Revenue increased $44.6 million or 10% primarily due to an increase in revenue from higher average money market and equity assets.

Operating expenses increased $32.2 million or10% including a $14.3 million increase in Other expense primarily due to fluctuations in foreign currency exchange rates and a $14.2 million increase in Distribution expenses resulting primarily from higher average managed money market fund assets.

Nonoperating income (expenses), net decreased $2.9 million primarily due to a smaller increase in the market value of investments in Q3 2025 as compared to the increase in the market value of the investments in Q2 2025.

YTD 2025 vs. YTD 2024

Revenue increased $110.4 million or 9% primarily due to an increase in revenue from higher average money market and equity assets.

For the first nine months of 2025, Federated Hermes derived 53% of its revenue from money market assets, 45% from long-term assets (28% from equity assets, 11% from fixed-income assets and 6% from alternative/private markets and multi-asset), and 2% from sources other than managed assets.

Operating expenses decreased $16.8 million or 2% primarily due to lower intangible asset related expense resulting from the $66.3 million impairment of an intangible asset in Q2 2024 associated with the 2018 acquisition of Federated Hermes Limited and a $13.6 million decrease in Other expense primarily due to a value added tax (VAT) refund received in Q1 2025 related to amended VAT filings in the U.K. These decreases were partially offset by a $29.4 million increase in Compensation and related expense primarily due to higher incentive compensation and a $27.8 million increase in Distribution expenses resulting primarily from higher average managed money market fund assets.

Nonoperating income (expenses), net increased $10.6 million primarily due to a larger increase in the market value of investments in the first nine months of 2025 compared to the increase in the market value of investments for the same period in 2024.

Earnings call information

Federated Hermes will host an earnings conference call at 9 a.m. Eastern on Friday, Oct. 31, 2025. Investors are invited to listen to the earnings teleconference by calling 888-506-0062 (domestic) or 973-528-0011 (international) prior to the9 a.m. start time. To listen online, go to the About section of FederatedHermes.com/us at least 15 minutes prior to register and join the call. A replay will be available at approximately 12:30 p.m. Eastern on Oct. 31, 2025. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter access code 53063. The online replay will be available via FederatedHermes.com/usfor one year.

About Federated Hermes

Federated Hermes, Inc. is a global leader in active investment management, with $871.2 billion in assets under management1. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 10,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employeesin London, New York, Boston and offices worldwide.

Federated Hermes ranks in the top 6% of equity fund managers, the top 7% of money market fund managers and the top 11% of fixed-income fund managers2 in the industry. Federated Hermes also ranks as the 10th-largest manager of model-delivered separately managed accounts3. For more information, including an analyst presentation, which is updated periodically, visit FederatedHermes.com/us.

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1) As of Sept. 30, 2025. 2) Morningstar, Sept. 30, 2025. Based on U.S. fund flows rankings. 3) Money Management Institute/Cerulli,Q2 2025. Federated Securities Corp. is distributor of the Federated Hermes funds. Separately managed accounts are made available through Federated Global Investment Management Corp., Federated Investment Counseling, Federated MDTA LLC, Hermes Fund Managers Ireland Limited, Hermes Investment Management Limited, and Hermes GPE LLP, each a registered investment advisor in one or more of the U.S., U.K. or Ireland.

Cautionary statements

Certain statements in this press release, such as those related to performance, investment strategies and uses, investor preferences and demand, asset flows and asset mix constitute or may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements can include statements that do not relate strictly to historical or current facts and are typically identified by words or phrases such as “trend,” “forecast,” “project,” “predict,” “potential,” “approximate,” “opportunity,” “believe,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “projection,” “plan,” “assume,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “can,” “may” and similar expressions. Any forward-looking statement, and Federated Hermes' level of business activity and financial results, are inherently subject to significant business, market, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond Federated Hermes' control. Other risks and uncertainties include the ability of the company to predict the level of fee waivers and expenses in future quarters, predict whether performance fees or carried interest will be earned and retained, the ability of the company to sustain offering demand, the timing and level of offering sales and redemptions, market appreciation or depreciation, revenues, and asset levels, flows and mix, which could vary significantly depending on various factors, such as market conditions, investment performance and investor behavior. Other risks and uncertainties include the risk factors discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness, or updating, of such statements in the future.

Unaudited Condensed Consolidated Statements of Income(in thousands, except per share data) Quarter Ended % Quarter Ended % Change Change Q3 2024 Q2 2025 to Q3 to Q3 2025 2025 Sept.30, 2025 Sept.30,2024 June30,2025RevenueInvestment advisory fees, net $ 310,366 $ 274,621 13% $ 287,435 8%Administrative service fees, net-affiliates 107,234 97,687 10 101,657 5Other service fees, net 51,846 36,148 43 35,752 45Total Revenue 469,446 408,456 15 424,844 10Operating ExpensesCompensation and related 144,563 136,027 6 144,872 0Distribution 113,569 95,859 18 99,399 14Systems and communications 26,023 23,656 10 23,481 11Professional service fees 20,239 19,849 2 18,628 9Office and occupancy 10,129 9,884 2 9,910 2Advertising and promotional 5,264 5,378 (2) 6,146 (14)Travel and related 4,665 4,221 11 4,117 13Intangible asset related 3,556 3,504 1 3,503 2Other 11,986 (1,664) NM (2,296) NMTotal Operating Expenses 339,994 296,714 15 307,760 10Operating Income 129,452 111,742 16 117,084 11Nonoperating Income (Expenses)Investment income (loss), net 14,105 14,015 1 16,947 (17)Debt expense (3,182) (3,170) 0 (3,170) 0Other, net (48) 16 (400) (35) (37)Total Nonoperating Income (Expenses), net 10,875 10,861 0 13,742 (21)Income before income taxes 140,327 122,603 14 130,826 7Income tax provision 34,232 32,262 6 34,135 0Net income including the noncontrolling interests 106,095 90,341 17 96,691 10in subsidiariesLess: Net income (loss) attributable to the 1,969 2,803 (30) 5,691 (65)noncontrolling interests in subsidiariesNet Income $ 104,126 $ 87,538 19% $ 91,000 14%Amounts Attributable to Federated Hermes, Inc.Earnings Per Share1Basic and diluted $ 1.34 $ 1.06 26% $ 1.16 16%Weighted-Average Shares OutstandingBasic 74,057 78,690 75,064Diluted 74,057 78,706 75,072Dividends Declared Per Share $ 0.34 $ 0.31 $ 0.341) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the “two-class method.” As such, total net income of $4.7 million, $3.7 million and $4.1 million available to unvested restricted Federated Hermes shareholders for the quarterly periods ended Sept. 30, 2025, Sept. 30, 2024 and June 30, 2025, respectively, was excluded from the computation of earnings per share.Unaudited Condensed Consolidated Statements of Income(in thousands, except per share data) Nine Months Ended Sept.30, 2025 Sept.30,2024 % ChangeRevenueInvestment advisory fees, net $ 885,261 $ 809,537 9%Administrative service fees, net-affiliates 310,000 287,819 8Other service fees, net 122,569 110,054 11Total Revenue 1,317,830 1,207,410 9Operating ExpensesCompensation and related 432,705 403,321 7Distribution 312,052 284,257 10Systems and communications 73,730 68,672 7Professional service fees 57,415 58,046 (1)Office and occupancy 29,991 29,617 1Advertising and promotional 15,985 16,306 (2)Travel and related 12,335 11,341 9Intangible asset related 10,255 76,131 (87)Other (4,946) 8,679 (157)Total Operating Expenses 939,522 956,370 (2)Operating Income 378,308 251,040 51Nonoperating Income (Expenses)Investment income (loss), net 38,527 27,630 39Debt expense (9,531) (9,478) 1Other, net (110) 85 (229)Total Nonoperating Income (Expenses), net 28,886 18,237 58Income before income taxes 407,194 269,277 51Income tax provision 100,532 84,701 19Net income including the noncontrolling interests in subsidiaries 306,662 184,576 66Less: Net income (loss) attributable to the noncontrolling interests in 10,402 978 NMsubsidiariesNet Income $ 296,260 $ 183,598 61%Amounts Attributable to Federated Hermes, Inc.Earnings Per Share1Basic and diluted $ 3.75 $ 2.20 70%Weighted-Average Shares OutstandingBasic 75,541 79,804Diluted 75,544 79,809Dividends Declared Per Share $ 0.99 $ 1.901) Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the “two-class method.” As such, total net income of $13.3 million and $8.0 million available to unvested restricted Federated Hermes shareholders for the nine months ended Sept. 30, 2025 and Sept. 30, 2024, respectively, was excluded from the computation of earnings per share.Unaudited Condensed Consolidated Balance Sheets(in thousands) Sept.30, 2025 Dec.31, 2024AssetsCash and other investments $ 647,391 $ 641,042Other current assets 154,945 140,310Intangible assets, net, including goodwill 1,195,992 1,132,699Other long-term assets 183,942 170,633Total Assets $ 2,182,270 $ 2,084,684Liabilities, Redeemable Noncontrolling Interests and EquityCurrent liabilities $ 256,400 $ 289,193Long-term debt 348,303 348,106Other long-term liabilities 326,766 296,665Redeemable noncontrolling interests 63,515 55,514Equity excluding treasury stock 1,993,883 1,728,044Treasury stock (806,597) (632,838)Total Liabilities, Redeemable Noncontrolling Interests and Equity $ 2,182,270 $ 2,084,684Unaudited Changes in Long-Term Assets – By Asset Class(in millions) Quarter Ended Nine Months Ended Sept.30, 2025 June30,2025 Sept.30,2024 Sept.30, 2025 Sept.30,2024EquityBeginning assets $ 88,994 $ 80,913 $ 77,851 $ 79,423 $ 79,291Sales1 6,845 7,961 3,607 22,218 11,333Redemptions1 (6,975) (6,180) (5,046) (19,148) (19,468)Net sales (redemptions)1 (130) 1,781 (1,439) 3,070 (8,135)Net exchanges 154 0 (4) 40 10Impact of foreign exchange2 (85) 1,023 725 1,692 170Market gains and (losses)3 5,723 5,277 6,476 10,431 12,273Ending assets $ 94,656 $ 88,994 $ 83,609 $ 94,656 $ 83,609Fixed IncomeBeginning assets $ 98,687 $ 99,486 $ 95,294 $ 98,059 $ 94,920Sales1 7,545 5,267 7,345 18,756 19,190Redemptions1 (5,887) (7,652) (5,942) (19,827) (18,036)Net sales (redemptions)1 1,658 (2,385) 1,403 (1,071) 1,154Net exchanges (134) 5 (12) (28) (198)Impact of foreign exchange2 (22) 208 98 271 19Market gains and (losses)3 1,624 1,373 3,388 4,582 4,276Ending assets $ 101,813 $ 98,687 $ 100,171 $ 101,813 $ 100,171Alternative/Private MarketsBeginning assets $ 20,738 $ 19,426 $ 20,061 $ 18,864 $ 20,551Sales1 670 782 558 2,537 1,966Redemptions1 (2,291) (551) (881) (3,866) (2,798)Net sales (redemptions)1 (1,621) 231 (323) (1,329) (832)Net exchanges 0 (1) 12 0 188Acquisitions/(dispositions) 0 109 0 109 0Impact of foreign exchange2 (341) 1,091 1,017 1,282 812Market gains and (losses)3 248 (118) (84) 98 (36)Ending assets $ 19,024 $ 20,738 $ 20,683 $ 19,024 $ 20,683Multi-assetBeginning assets $ 2,856 $ 2,826 $ 2,876 $ 2,883 $ 2,867Sales1 45 44 38 152 124Redemptions1 (92) (137) (94) (334) (319)Net sales (redemptions)1 (47) (93) (56) (182) (195)Net exchanges (3) (2) 4 (3) 5Market gains and (losses)3 134 125 134 242 281Ending assets $ 2,940 $ 2,856 $ 2,958 $ 2,940 $ 2,958Total Long-term AssetsBeginning assets $ 211,275 $ 202,651 $ 196,082 $ 199,229 $ 197,629Sales1 15,105 14,054 11,548 43,663 32,613Redemptions1 (15,245) (14,520) (11,963) (43,175) (40,621)Net sales (redemptions)1 (140) (466) (415) 488 (8,008)Net exchanges 17 2 0 9 5Acquisitions/(dispositions) 0 109 0 109 0Impact of foreign exchange2 (448) 2,322 1,840 3,245 1,001Market gains and (losses)3 7,729 6,657 9,914 15,353 16,794Ending assets $ 218,433 $ 211,275 $ 207,421 $ 218,433 $ 207,4211) For certain accounts, including separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings, Sales andRedemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.2) Reflects the impact of translatingnon-U.S. dollar denominated assets under management (AUM) into U.S. dollars for reporting purposes.3) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.Unaudited Changes in Long-Term Assets – By Asset Class and Offering Type(in millions) Quarter Ended Sept.30, 2025 Equity Fixed Income Alternative / Private Multi-asset Total Markets Funds Separate Funds Separate Funds Separate Funds Separate Funds. Separate Accounts1 Accounts1 Accounts1 Accounts1 Accounts1Beginning assets $ 49,359 $ 39,635 $ 45,415 $ 53,272 $ 12,905 $ 7,833 $ 2,730 $ 126 $ 110,409 $ 100,866Sales 4,797 2,048 3,556 3,989 620 50 45 0 9,018 6,087Redemptions (3,386) (3,589) (3,090) (2,797) (1,786) (505) (87) (5) (8,349) (6,896)Net sales (redemptions) 1,411 (1,541) 466 1,192 (1,166) (455) (42) (5) 669 (809)Net exchanges 154 0 (134) 0 0 0 (3) 0 17 0Impact of foreign exchange2 (82) (3) (18) (4) (194) (147) 0 0 (294) (154)Market gains and (losses)3 3,268 2,455 749 875 269 (21) 128 6 4,414 3,315Ending assets $ 54,110 $ 40,546 $ 46,478 $ 55,335 $ 11,814 $ 7,210 $ 2,813 $ 127 $ 115,215 $ 103,218 Nine Months Ended Sept.30, 2025 Equity Fixed Income Alternative / Private Multi-asset Total Markets Funds Separate Funds Separate Funds Separate Funds Separate Funds Separate Accounts1 Accounts1 Accounts1 Accounts1 Accounts1Beginning assets $ 43,752 $ 35,671 $ 45,550 $ 52,509 $ 11,501 $ 7,363 $ 2,764 $ 119 $ 103,567 $ 95,662Sales 14,276 7,942 10,272 8,484 2,350 187 152 0 27,050 16,613Redemptions (11,224) (7,924) (11,618) (8,209) (3,127) (739) (309) (25) (26,278) (16,897)Net sales (redemptions) 3,052 18 (1,346) 275 (777) (552) (157) (25) 772 (284)Net exchanges 47 (7) (24) (4) 0 0 (3) 0 20 (11)Acquisition-related 0 0 0 0 109 0 0 0 109 0Impact of foreign exchange2 823 869 153 118 728 554 0 0 1,704 1,541Market gains and (losses)3 6,436 3,995 2,145 2,437 253 (155) 209 33 9,043 6,310Ending assets $ 54,110 $ 40,546 $ 46,478 $ 55,335 $ 11,814 $ 7,210 $ 2,813 $ 127 $ 115,215 $ 103,2181) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings. For certain accounts, Sales andRedemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.2) Reflects the impact of translatingnon-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.3) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.Unaudited Changes in Long-Term Assets – By Offering Type(in millions) Quarter Ended Nine Months Ended Sept.30, 2025 June30,2025 Sept.30,2024 Sept.30, 2025 Sept.30,2024Total Fund AssetsBeginning assets $ 110,409 $ 104,289 $ 101,247 $ 103,567 $ 101,530Sales 9,018 8,753 6,646 27,050 20,130Redemptions (8,349) (9,166) (7,234) (26,278) (24,221)Net sales (redemptions) 669 (413) (588) 772 (4,091)Net exchanges 17 3 14 20 22Acquisitions/(dispositions) 0 109 0 109 0Impact of foreign exchange1 (294) 1,313 1,060 1,704 635Market gains and (losses)2 4,414 5,108 5,066 9,043 8,703Ending assets $ 115,215 $ 110,409 $ 106,799 $ 115,215 $ 106,799Total Separate Account Assets3Beginning assets $ 100,866 $ 98,362 $ 94,835 $ 95,662 $ 96,099Sales4 6,087 5,301 4,902 16,613 12,483Redemptions4 (6,896) (5,354) (4,729) (16,897) (16,400)Net sales (redemptions)4 (809) (53) 173 (284) (3,917)Net exchanges 0 (1) (14) (11) (17)Impact of foreign exchange1 (154) 1,009 780 1,541 366Market gains and (losses)2 3,315 1,549 4,848 6,310 8,091Ending assets $ 103,218 $ 100,866 $ 100,622 $ 103,218 $ 100,622Total Long-term Assets3Beginning assets $ 211,275 $ 202,651 $ 196,082 $ 199,229 $ 197,629Sales4 15,105 14,054 11,548 43,663 32,613Redemptions4 (15,245) (14,520) (11,963) (43,175) (40,621)Net sales (redemptions)4 (140) (466) (415) 488 (8,008)Net exchanges 17 2 0 9 5Acquisitions/(dispositions) 0 109 0 109 0Impact of foreign exchange1 (448) 2,322 1,840 3,245 1,001Market gains and (losses)2 7,729 6,657 9,914 15,353 16,794Ending assets $ 218,433 $ 211,275 $ 207,421 $ 218,433 $ 207,4211) Reflects the impact of translatingnon-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.2) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.3) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed offerings.4) For certain accounts, Sales andRedemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.Unaudited Managed Assets(in millions) Sept.30, 2025 June30,2025 March31,2025 Dec.31,2024 Sept.30,2024By Asset ClassEquity $ 94,656 $ 88,994 $ 80,913 $ 79,423 $ 83,609Fixed-income 101,813 98,687 99,486 98,059 100,171Alternative / private markets 19,024 20,738 19,426 18,864 20,683Multi-asset 2,940 2,856 2,826 2,883 2,958Total long-term assets 218,433 211,275 202,651 199,229 207,421Money market 652,767 634,400 637,122 630,349 593,030Total Managed Assets $ 871,200 $ 845,675 $ 839,773 $ 829,578 $ 800,451By Offering TypeFunds:Equity $ 54,110 $ 49,359 $ 43,910 $ 43,752 $ 45,391Fixed-income 46,478 45,415 45,800 45,550 46,027Alternative / private markets 11,814 12,905 11,879 11,501 12,558Multi-asset 2,813 2,730 2,700 2,764 2,823Total long-term assets 115,215 110,409 104,289 103,567 106,799Money market 492,701 468,044 464,912 461,720 440,397Total Fund Assets $ 607,916 $ 578,453 $ 569,201 $ 565,287 $ 547,196Separate Accounts:Equity $ 40,546 $ 39,635 $ 37,003 $ 35,671 $ 38,218Fixed-income 55,335 53,272 53,686 52,509 54,144Alternative / private markets 7,210 7,833 7,547 7,363 8,125Multi-asset 127 126 126 119 135Total long-term assets 103,218 100,866 98,362 95,662 100,622Money market 160,066 166,356 172,210 168,629 152,633Total Separate Account Assets $ 263,284 $ 267,222 $ 270,572 $ 264,291 $ 253,255Total Managed Assets $ 871,200 $ 845,675 $ 839,773 $ 829,578 $ 800,451Unaudited Average Managed Assets Quarter Ended(in millions) Sept.30, 2025 June30,2025 March31,2025 Dec.31,2024 Sept.30,2024By Asset ClassEquity $ 92,436 $ 83,564 $ 82,105 $ 82,247 $ 80,220Fixed-income 99,206 98,365 99,360 98,254 97,563Alternative / private markets 19,862 20,053 19,012 19,754 20,455Multi-asset 2,895 2,779 2,900 2,934 2,910Total long-term assets 214,399 204,761 203,377 203,189 201,148Money market 645,092 632,543 639,827 601,169 592,304Total Avg. Managed Assets $ 859,491 $ 837,304 $ 843,204 $ 804,358 $ 793,452By Offering TypeFunds:Equity $ 51,828 $ 45,965 $ 45,260 $ 45,261 $ 43,632Fixed-income 45,743 44,972 45,715 45,654 44,977Alternative / private markets 12,347 12,370 11,610 12,010 12,451Multi-asset 2,770 2,654 2,774 2,811 2,775Total long-term assets 112,688 105,961 105,359 105,736 103,835Money market 482,237 462,683 463,727 445,775 436,418Total Avg. Fund Assets $ 594,925 $ 568,644 $ 569,086 $ 551,511 $ 540,253Separate Accounts:Equity $ 40,608 $ 37,599 $ 36,845 $ 36,986 $ 36,588Fixed-income 53,463 53,393 53,645 52,600 52,586Alternative / private markets 7,515 7,683 7,402 7,744 8,004Multi-asset 125 125 126 123 135Total long-term assets 101,711 98,800 98,018 97,453 97,313Money market 162,855 169,860 176,100 155,394 155,886Total Avg. Separate Account Assets $ 264,566 $ 268,660 $ 274,118 $ 252,847 $ 253,199Total Avg. Managed Assets $ 859,491 $ 837,304 $ 843,204 $ 804,358 $ 793,452Unaudited Average Managed Assets Nine Months Ended(in millions) Sept.30, 2025 Sept.30,2024By Asset ClassEquity $ 86,035 $ 79,108Fixed-income 98,977 96,280Alternative / private markets 19,642 20,415Multi-asset 2,858 2,891Total long-term assets 207,512 198,694Money market 639,154 584,482Total Avg. Managed Assets $ 846,666 $ 783,176By Offering TypeFunds:Equity $ 47,684 $ 42,754Fixed-income 45,477 44,248Alternative / private markets 12,109 12,386Multi-asset 2,733 2,751Total long-term assets 108,003 102,139Money market 469,549 423,773Total Avg. Fund Assets $ 577,552 $ 525,912Separate Accounts:Equity $ 38,351 $ 36,354Fixed-income 53,500 52,032Alternative / private markets 7,533 8,029Multi-asset 125 140Total long-term assets 99,509 96,555Money market 169,605 160,709Total Avg. Separate Account Assets $ 269,114 $ 257,264Total Avg. Managed Assets $ 846,666 $ 783,176

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SOURCE Federated Hermes, Inc.

https://rt.newswire.ca/rt.gif?NewsItemId=NE11583&Transmission_Id=202510301617PR_NEWS_USPR_____NE11583&DateId=20251030