FIDELITY INVESTMENT GRADE SECURITIZED ETF
$42.24−0.48 (−1.12%)
- Expense ratio
- 0.36%
- Fund size
- $4.6B
- 1Y return
- +0.8%
- Yield · Last 12 months
- 4.54%
- Volume · 30D
- 0.4M sh
- NAV per share
- $42.69
- 52W range
The ETF.net FSEC Grade
Score 64 of 100 sits in the B 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.BScore 68Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 86Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 68Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 38Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 74Category rank
Our read on FSEC
BMost funds in this aisle buy a little of everything. FSEC goes narrow: at least 80% in securitized debt, run for current income, paid out monthly.
The fund seeks a high level of current income by investing primarily in securitized securities and related instruments. Its policy requires at least 80% exposure to that securitized-investment segment.
Why people hold it
- A specialist, not a sampler. The mandate locks at least 80% of assets into securitized debt, so you own that corner of the bond market at full strength instead of as a sliver.
- Income is the stated job, not a byproduct, and the cash lands monthly.
- Costs 0.36% a year, right at the median for its bond peer group, on a multi-billion-dollar asset base with steady two-way trading.
- Holds its own in the upper half of a crowded aggregate-bond field, with a Fidelity bond desk and clear filings behind it.
Worth knowing
- Broad-market rivals such as BND, SPAB and SCHZ charge 0.03% for the whole bond market. The 0.36% here is the price of the narrower mandate.
- One segment, about 120 positions. It moves with securitized debt rather than the full bond market, which is a different ride from a total-market core fund.
- Launched in 2021, so the record is short by bond-fund standards.
FSEC Holdings
- Bonds
- —
- 27%
- GNII II 5.5% 10/56 #TBA
Geography
- United States100.00%
FSEC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | FSEC |
|---|---|
| Year to date | −0.7% |
| 1 month | −1.1% |
| 3 months | −1.6% |
| 1 year | +0.8% |
| 3 years | +5.2% |
| 5 years | +0.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FSEC |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +8.3% | |
| 2024 | +2.4% | |
| 2023 | +5.2% | |
| 2022 | −12.6% | |
| 2021 | −0.5% |
FSEC in the news
ETF.net Research hasn’t filed on FSEC yet — coverage lands here as it’s written.
FSEC Dividends
- 4.54%
- $1.94
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Sep 1, 2026 | $0.14 |
| Jul 30, 2026 | Aug 3, 2026 | $0.14 |
| Jun 29, 2026 | Jul 1, 2026 | $0.14 |
| May 28, 2026 | Jun 1, 2026 | $0.14 |
| Apr 29, 2026 | May 1, 2026 | $0.14 |
| Mar 30, 2026 | Apr 1, 2026 | $0.14 |
| Feb 26, 2026 | Mar 2, 2026 | $0.14 |
| Jan 29, 2026 | Feb 2, 2026 | $0.13 |
| Dec 30, 2025 | Jan 2, 2026 | $0.40 |
| Dec 5, 2025 | Dec 9, 2025 | $0.04 |
| Nov 26, 2025 | Dec 1, 2025 | $0.14 |
| Oct 30, 2025 | Nov 3, 2025 | $0.14 |
FSEC Risk
- 6.4%
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.
- 0.09
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.
- −17.6%
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.
- 1.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FSEC Cost
- The middle half of Core Securitized Bond funds
- Median 0.40%
3 of the 10 Core Securitized Bond funds charge less.