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PAYR

GradeAChicago Board Options Exchange

Federated Hermes ETF Trust - Federated Hermes Enhanced Income ETF

Option Income · Federated Hermes · Inception 2025-10-07 · SEC filings

$53.41−0.51 (−0.95%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Oct 8, 2025.History starts Oct 8, 2025.
Intraday session: down, 38 prints from 53.92 to 53.41. Range 53.41 to 54.02. Use the arrow keys to read each point.$53.60$53.80$54.0010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$74M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
54
Volume · 30D
0M sh
NAV per share
$54.02
52W range
low $47.89high $57.87

The ETF.net PAYR Grade

A

73/ 100

Rank 6 of 51 in Active Option Income⁠

Confidence Medium

Six-pillar profile for PAYR. Scores out of 100: Cost 77, Risk 78, Mission not scored, Tradability 70, Holdings 72, Durability 54. Strongest: Risk (78). Weakest: Durability (54). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 77
    Category rank13/51 · top 25%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 78
    Category rank6/45 · top 13%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 70
    Category rank13/51 · top 25%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 72
    Category rank12/42 · top 29%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 54
    Category rank26/51 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

PAYR Holdings

As of Sep 20, 2026, 8:19 AM
Asset class
Stocks
Holdings
54
Top-10 weight
34%
Largest holding
PAYX4.1%

Sectors

  • Financials16.5%
  • Utilities16.1%
  • Cons. Staples15.5%
  • Energy11.8%
  • Health Care11.7%
  • Real Estate10.1%
  • Technology8.1%
  • Consumer Discr.5.2%
  • Communication4.1%
  • Industrials0.9%
  • Materials0.1%

Geography

  • United States73.53%
  • France6.88%
  • United Kingdom5.32%
  • Canada5.05%
  • Ireland4.17%
  • Germany2.78%
  • Switzerland2.27%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PAYXPAYCHEX INC4.14%26,437$3M366
002USBUS BANCORP4.04%49,864$3M369
003VZVERIZON COMMUNICATIONS IN3.62%55,769$3M441
004TTE.PATOTALENERGIES SE3.53%28,651$3M151
005SNYSANOFI-ADR3.24%55,880$2M35
0060Y6X.LMEDTRONIC PLC3.23%25,886$2M118
007BTIBRITISH AMERICAN TOB-SP A3.09%40,992$2M40
008ENB.TOENBRIDGE INC2.98%45,460$2M85
009RFREGIONS FINANCIAL CORP2.89%75,527$2M310
010PFEPFIZER INC2.80%75,504$2M374
011PLDPROLOGIS INC2.75%15,162$2M344
012FEFIRSTENERGY CORP2.69%43,740$2M278
013PNCPNC FINANCIAL SERVICES GR2.65%8,503$2M326
014KIMKIMCO REALTY CORP2.63%86,711$2M229
015PEPPEPSICO INC2.59%14,413$2M447

Showing 1–15 of 55 holdings

PAYR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PAYR$11,261
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. PAYR $11,261. SPY $11,430. Use the arrow keys to read each point.$9,097$10,518$11,939Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PAYR. Periods over one year show the average yearly return.
PeriodPAYR
Year to date+12.6%
1 month−3.4%
3 months+3.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PAYR
YearReturn barPAYR
2026 YTD+12.6%
2025+3.7%

History from Oct 8, 2025

PAYR in the news

ETF.net Research hasn’t filed on PAYR yet — coverage lands here as it’s written.

PAYR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.32 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Oct 31, 2025 $0.16; Nov 28, 2025 $0.43; Dec 31, 2025 $0.41; Jan 30, 2026 $0.29; Feb 27, 2026 $0.33; Mar 31, 2026 $0.57; Apr 30, 2026 $0.18; May 29, 2026 $0.49; Jun 30, 2026 $0.46; Jul 31, 2026 $0.33; Aug 31, 2026 $0.32. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 31, 2026Sep 1, 2026$0.32
Jul 31, 2026Aug 3, 2026$0.33
Jun 30, 2026Jul 1, 2026$0.46
May 29, 2026Jun 1, 2026$0.49
Apr 30, 2026May 1, 2026$0.18
Mar 31, 2026Apr 1, 2026$0.57
Feb 27, 2026Mar 2, 2026$0.33
Jan 30, 2026Feb 2, 2026$0.29
Dec 31, 2025Jan 2, 2026$0.41
Nov 28, 2025Dec 1, 2025$0.43
Oct 31, 2025Nov 3, 2025$0.16

PAYR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PAYR Cost

Expense ratio0.74%
  • The middle half of Active Option Income funds
  • Median 0.95%

10 of the 47 Active Option Income funds charge less.

PAYR costs $74.00 a year on $10,000. The median Active Option Income fund costs $95.00.