Federated Hermes Enhanced Income ETF (PAYR)
56.43
-0.05
(-0.08%)
USD |
BATS |
Aug 25, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.40% | 0.28% | 70.05M | 15127.13 |
| Weighted Average Dividend Yield | Turnover Ratio (Generic) | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| -- | -- | -- |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income with a secondary objective of capital appreciation. The Fund pursues its investment objective by investing primarily in high dividend-paying common stocks, with dividend growth potential along with an options overlay strategy by selling on a passive ETF at a lower strike price. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | -- |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Relative Value |
| Peer Group | Options Arbitrage/Opt Strategies Funds |
| Global Macro | Liquid Alternatives |
| US Macro | Equity Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Options Arbitrage/Opt Strategies Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 26, 2026.
Asset Allocation
As of July 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.84% |
| Stock | 95.34% |
| Bond | 3.88% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.06% |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income with a secondary objective of capital appreciation. The Fund pursues its investment objective by investing primarily in high dividend-paying common stocks, with dividend growth potential along with an options overlay strategy by selling on a passive ETF at a lower strike price. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | -- |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Relative Value |
| Peer Group | Options Arbitrage/Opt Strategies Funds |
| Global Macro | Liquid Alternatives |
| US Macro | Equity Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Options Arbitrage/Opt Strategies Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |