FederatedDerivative IncomePAYR · Cboe BZX

Federated Hermes Enhanced Income ETF (PAYR)

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Price: $56.69; —12 Nov 2026
Assets: $91.3M; Total net assets
Expense ratio: 0.40%; Category 0.88%
Yield: 4.45%; Trailing distributions

1Y return: 21.4%+14.7%; Category 6.7%
3Y CAGR: —; Category 15.6%
5Y CAGR: —; Category 8.6%

$56.69—12 Nov 2026

Fund

Assets: $91.3M
Expense: 0.40%
Categ. exp: 0.88%
Yield: 4.45%

ReturnFundCateg.

1Y21.4%6.7%

3Y—15.6%

5Y—8.6%

Launch22.0%—

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Federated Hermes Enhanced Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+6.8%	+3.1%	+11.4%	+19.8%	+21.4%	—	—	—	+22.0%
Derivative Income average	-5.4%	-2.6%	-0.3%	7.7%	6.7%	15.6%	8.6%	8.3%	6.2%
Difference	+12.2%	+5.6%	+11.6%	+12.1%	+14.7%	—	—	—	+15.7%

Holdings

The 9 largest positions make up 29.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
USB	U.S. Bancorp	3.94%
PAYX	Paychex Inc	3.51%
VZ	Verizon Communications Inc	3.45%
TTE.PA	TotalEnergies SE	3.35%
MDT	Medtronic PLC	3.04%
SNY	Sanofi SA ADR	3.03%
BTI	British American Tobacco PLC ADR	3.01%
PFE	Pfizer Inc	2.91%
ENB.TO	Enbridge Inc	2.85%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 17.5
P/B: 2.1
P/S: 2.2
P/CF: 10.1

Sector allocation

Share of the equity the fund holds.

Financial services16.5%
Utilities16.4%
Consumer staples15.6%
Energy12.0%
Health care11.7%
Real estate10.1%
Technology7.5%
Consumer discretionary5.3%
Communication services4.0%
Industrials0.9%
Materials0.1%

Asset mix

Stocks95.0%
Cash5.0%

Credit quality

Share of the bonds by rating.

US government3.8%

ETF details

Issuer: Federated
Category: Equity · Derivative Income
Ticker: PAYR
Exchange: Cboe BZX
Inception: 7 Oct 2025 (1.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.40% (category 0.88%)
Holdings turnover: 0% (category 68%)
Distribution yield: 4.45%
Beta, 3 years: 0.00
Total net assets: $91.3M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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