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Federated Hermes, Inc. (formerly Federated Investors, Inc.)

PRI reporting framework 2020

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1826 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary

(Up to six subsidiaries may be reported)

RI implementation reported here
on a consolidated basis
          The International Business of Federated Hermes (formerly Hermes Investment Management)
        
          EOS at Federated Hermes (formerly Hermes Equity Ownership Services)
        
          Hermes GPE
        
          
        
          
        
          
        

03.3. Additional information. [Optional]

In 2018  the then-Federated Investors -- now known as Federated Hermes -- completed a majority acquisition of Hermes Fund Management (aka Hermes Investment Management).  In 2019, which represents the majority of the information reported herein, Federated Investors and Hermes Fund Management conducted business under their legacy names of Federated Investors ("Federated") and Hermes Investment Management ("Hermes") even as the two firms increasingly worked together and shared ESG data and resources over the past 12 months.  In February of 2020 the two firms joined names becoming one name -- Federated Hermes --  to represent the firms' global commitment to responsible, sustainable investment practices. For this year's report, Federated and Hermes will continue to report separately. We believe this is the appropriate approach for this year so that the PRI can more readily assess the progress Federated investment teams have made since last year's submission.  Going forward, as the two firms work together more closely and operate under the single brand of Federated Hermes, the appropriateness of this approach will be re-evaluated.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.3. Indicate the total AUM of subsidiaries you have excluded from your report (as named in OO 03.2 under “No”). Provide this figure based on the end of your reporting year

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

04.5. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 10-50% 12 0 0
Fixed income 10-50% 13 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments >50% 75 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

Money market funds are a signficant percentage of Federated's assets.  Narrative description regarding the integration of ESG factors into the investment process will be included in the fixed income module.


OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Internally managed
28 SSA
43 Corporate (financial)
6 Corporate (non-financial)
23 Securitised
Total 100%

OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

99.4 Developed Markets
.5 Emerging Markets
.1 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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