IQ

PAYR · Federated Hermes Enhanced Income ETF

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$57.49
+1.4% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

PAYR is actively managed and returned +27.8% over the past year.

What drove PAYR’s returns?Is a 0.40% fee low for a fund like PAYR?What does PAYR cost to hold and to trade?
Equity fund · Actively managedExpense ratio 0.40%Fund assets $57m net assets, latest filing (Jul 31, 2026)First traded Oct 8, 2025Benchmark Its own holdings, as of Jul 31, 2026; its prospectus names no index it tracksSEC filings ↗Dividend history

PAYR returned +27.8% over the year to Nov 4, 2026, charges 0.40% a year and holds $57m in net assets on Jul 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about PAYRAdd to portfolioOverlapAlerts

PAYR risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

PAYR +11.0%: total return over one month to Nov 4, 2026.
PAYR+11.0%
PAYR +6.0%: total return over three months to Nov 4, 2026.
PAYR+6.0%
PAYR +12.0%: total return over six months to Nov 4, 2026.
PAYR+12.0%
PAYR +21.5%: total return over the year to Nov 4, 2026.
PAYR+21.5%
PAYR +27.8%: total return over one year to Nov 4, 2026.
PAYR+27.8%
PAYR +26.1%: total return since launch to Nov 4, 2026.
PAYR+26.1%
askIQ: what drove PAYR’s returns? ↗

How concentrated, and what does it cost?

No index, actively managed
+27.8%
Total return, 1 year
Report
0.40%
Expense ratio
Report
46
Holdings
Report
0.0%
Below its high
Report
9.2%
12-month yield, capital gains included, on its starting price
Report
$0.2931
Last payment (paid monthly), ex-date Oct 30, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.40% fee low for a fund like PAYR? ↗

More on PAYR

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Price and total return, 1 year

$57.49+1.4%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

PAYR returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026+11.0%−1.0%
3M Aug 5 – Nov 4, 2026+6.0%−0.1%
6M May 6 – Nov 4, 2026+12.0%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+21.5%+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+27.8%+14.8%
Since launch Oct 8, 2025 – Nov 4, 2026+26.1%+15.1%
Since launch, annualised Oct 8, 2025 – Nov 4, 2026+24.1%–

Total returns, distributions reinvested. Listed Oct 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

PAYR key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$57.49 on Nov 4, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$49.23 on Nov 5, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$57.49, 100% of the way from the low to the high
Holdings46
Top ten weight33.2%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · PAYRas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

PAYR for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
PAYR interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

PAYR is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

PAYR top ten by weight, 33.2% of the fund, of its 46 equity positions, from the holdings filed for Jul 31, 2026. Source: the fund’s SEC filing.

US BANCORP USB 4.15%
PAYCHEX INC PAYX 4.08%
VERIZON COMMUNICATIONS INC VZ 3.45%
TOTALENERGIES SE TTE 3.33%
BRITISH AMERICAN TOBACCO PLC BTI 3.29%
ENBRIDGE INC ENB 3.27%
MEDTRONIC PLC MDT 2.92%
KIMCO REALTY CORP KIM 2.92%
SANOFI SA SNY 2.91%
PROLOGIS INC PLD 2.85%
Fund filings on SEC EDGAR ↗See all 46 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Jul 31, 2026. Updated when the fund files its next report.

About PAYR

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · Global large-cap value
Expense ratio (485BPOS XBRL, Dec 29, 2025)0.40%
Price$57.49
First tradedOct 8, 2025
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$57mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jul 31, 2026; its prospectus names no index it tracks
PAYR, Jul 31, 2026 to Oct 30, 2026+3.62%
Its book of Jul 31, 2026, the same days (ETFIQ, measured on 92% of the book by weight)+3.84%
Against its own holdings (ETFIQ)−0.22 pts
Below its high (ETFIQ)0.0%
Holdings46
Top ten weight33.2%
Cash, not in the top ten4.7%
Holdings as of (SEC N-PORT)Jul 31, 2026
Already in the S&P 500, by weight (ETFIQ)71.0%
Active share vs the S&P 500 (ETFIQ)94.4%
Already in the Nasdaq-100, by weight (ETFIQ)11.9%
IQ Investment Committee on PAYR

12 seats on PAYR, as of Nov 4, 2026: 2 Supports, 3 Mixed, 6 Challenges, 1 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianSupports
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskMixed
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put PAYR to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about PAYR

How has PAYR performed?
Over the year to Nov 4, 2026, PAYR returned +27.8% with distributions reinvested.
What does PAYR cost?
The prospectus expense ratio is 0.40% a year.
What does PAYR hold?
46 positions as filed for Jul 31, 2026, with the top ten at 33.2% of the fund. 71% of its weight is in stocks the S&P 500 also holds.
How far is PAYR below its high?
0.0% below its high of Nov 4, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, PAYR and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.40%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $57mSEC filing, whole fund · Jul 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jul 31, 2026 ↗
IssuerFederated Hermes website ↗
All fund filingsFund filings on SEC EDGAR ↗
Federated Hermes’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, PAYR, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/payr

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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PAYR: PAYR over 1 year: total return +27.8%. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/payr/" title="PAYR: PAYR over 1 year: total return +27.8%. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">PAYR: PAYR over 1 year: total return +27.8%. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/payr">ETFIQ</a></figcaption>
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Snapshot, Nov 4, 2026. More on the tabs above.