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.
Related funds
Classification
What's in the fund
Exposure type
Finance
Health Technology
Utilities
Consumer Non-Durables
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PAYR trades at 49.83 USD today, its price has fallen −0.38% in the past 24 hours. Track more dynamics on PAYR price chart.
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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PAYR invests in stocks. See more details in our Analysis section.
PAYR expense ratio is 0.40%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PAYR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, PAYR doesn't pay dividends to its holders.
PAYR trades at a premium (0.10%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PAYR shares are issued by Federated Hermes, Inc.
PAYR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 7, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.