Federated Hermes ETF Trust - Federated Hermes Enhanced Income ETF
PAYR
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- Federated Hermes ETF Trust – Federated Hermes Enhanced Income ETF is an actively managed exchange-traded fund launched by Federated Hermes, Inc. that seeks high current income, with capital appreciation as a secondary objective. Trading under the ticker PAYR, the Fund invests primarily in dividend-paying common stocks, emphasizing large- and mid-capitalization U.S. companies whose dividend yields exceed the average dividend yield of the S&P 500 Index and which exhibit potential for dividend growth based on balance-sheet strength, earnings growth and cash-flow durability. Its equity holdings may also include foreign issuers, American depositary receipts and real estate investment trusts. The Fund supplements dividend income through an options-overlay strategy, principally writing covered call options, including listed FLEX options, on passive exchange-traded funds; it may maintain U.S. Treasury securities as collateral for option positions. PAYR is advised by Federated MDTA LLC and distributed by Federated Securities Corp., both affiliates of Federated Hermes, Inc., a Pittsburgh, Pennsylvania-headquartered investment-management group founded in 1955. The Fund was formed on July 10, 2025, commenced trading on October 7, 2025, and represents Federated Hermes’ recent expansion of its active ETF lineup into equity-income strategies combining dividend-stock selection with covered-call income generation.