Federated Hermes Enhanced Income ETF (PAYR)

Federated Hermes Enhanced Income ETF (PAYR) is an actively managed exchange-traded fund from Federated Hermes that seeks to generate income for investors. The term enhanced income generally refers to a strategy that aims for a higher level of distributions than a traditional portfolio of the same assets, often by adding sources of income such as option premiums.

Federated Hermes is a Pittsburgh-based global investment manager offering equity, fixed income, money market and alternative strategies, and it has been expanding its lineup of actively managed ETFs.