Federated Hermes Q4 2025 Earnings Call Highlights: Record AUM and Strong MDT Strategy Sales

Federated Hermes Inc reported a record $903 billion in assets under management, driven by gains in money market and equity strategies. Equity assets increased by $3.2 billion in Q4, while MDT strategies achieved record sales of $19.1 billion. Money market assets reached a record high of $683 billion. However, fixed income assets decreased by $1.7 billion in Q4, and transaction costs from the FCP acquisition were $1.3 million. Distribution costs increased, mainly due to higher distribution expenses from money market funds.