Key stats
About Federated Hermes Enhanced Income ETF
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Inception date
Oct 7, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Federated MDTA LLC
Distributor
Federated Securities Corp.
ISIN
US31423L8836
PAYR actively invests in a portfolio of high dividend-paying US stocks. It will focus on large-cap and mid-cap securities with yields exceeding the average dividend yield of the S&P 500 Index. This includes securities with potential for dividend growth, evaluated through factors such as balance sheet strength, earnings growth, and cash flow durability. This strategy aims to identify companies that may sustain and grow dividends over time. The portfolio may include foreign stocks, depositary receipts, and REITs. In addition to dividends received, the fund aims to generate additional income by writing covered call options against passive ETFs. It will only invest in listed options contracts, including FLEX options. The portfolio uses U.S. Treasuries as collateral for its options strategy.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Health Technology
Utilities
Consumer Non-Durables
Stocks91.26%
Finance22.42%
Health Technology17.64%
Utilities16.92%
Consumer Non-Durables12.90%
Energy Minerals9.41%
Industrial Services5.78%
Process Industries2.35%
Technology Services1.86%
Retail Trade1.04%
Distribution Services0.93%
Bonds, Cash & Other8.74%
Futures3.95%
Government3.83%
Cash1.40%
Rights & Warrants−0.43%
Stock breakdown by region
North America80.48%
Europe19.52%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PAYR invests in stocks. The fund's major sectors are Finance, with 22.42% stocks, and Health Technology, with 17.64% of the basket. The assets are mostly located in the North America region.
PAYR fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, PAYR doesn't pay dividends to its holders.
PAYR shares are issued by Federated Hermes, Inc. under the brand Federated Hermes. The ETF was launched on Oct 7, 2025, and its management style is Active.
PAYR expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
PAYR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PAYR invests in stocks.
PAYR trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.