Key stats
About Fidelity Investment Grade Securitized ETF
Expense ratio
0.36%
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Inception date
Mar 2, 2021
FSEC provides exposure mainly in investment-grade securitized debt securities by both government and non-government entities. It is an actively managed ETF that globally invests in debt securities that include asset-backed securities, residential and commercial mortgage-backed securities, and repurchase agreements for such securities. Investments are analyzed based on credit quality, security-specific features, current and potential future valuation, and trading opportunities. FSEC intends to have similar overall interest rate risk to the Bloomberg U.S. Securitized Index. At least 80% of the portfolio are investment-grade debt securities, of any maturity, with the remaining in high-yield. The fund can engage in transactions that have a leveraging effect to mitigate risk.
Classification
What's in the fund
Exposure type
Securitized
Mutual fund
Bonds, Cash & Other100.00%
Securitized113.30%
Mutual fund26.07%
Government2.84%
Miscellaneous0.87%
Futures−0.02%
Cash−43.06%
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