FSECFidelity Investment Grade Securitized ETF

Get income5y track recordRanked #289 of 1,622 in this goal

Seeks a high level of current income.

By Fidelity Investments · Launched 2021

Annual Cost

0.36%

#1,826 of 5,562 · low cost

Fund Size

$4.5B

#466 of 5,562 · large

Dividend YieldGoal

4.34%

Track Record

5 years

#2,322 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,640+6.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

Bloomberg US Securitized Index

What it actually holds

By weight

Concentration

Top 10 holdings = 53.2% of fundmoderately concentrated

GNMA II GTD PASS THRU CTF MULTIPLE ISSUER

13.0%

FNMA/FHLG TBA ISSUER

8.1%

GNMA II GTD PASS THRU CTF MULTIPLE ISSUER

5.7%

FNMA/FHLG TBA ISSUER

5.6%

FNMA/FHLG TBA ISSUER

4.9%

GNMA II GTD PASS THRU CTF MULTIPLE ISSUER

4.3%

GNMA II GTD PASS THRU CTF MULTIPLE ISSUER

3.5%

Fidelity Revere Street Trust

2.8%

FNMA/FHLG TBA ISSUER

2.7%

FNMA/FHLG TBA ISSUER

2.5%

Asset allocation

Bonds

121.9%

Cash

3.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

5.3%Low

Year-on-year price swings

Max drawdown

-18.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.21Below average

Sortino (3Y)

0.30Moderate downside risk

Bond profile

Duration

3.9 years

Avg maturity

9.4 years

Credit ratings

US Government

4.3%

AAA

113.1%

0.6%

0.7%

BBB

0.0%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of current income.
Strategy: Normally invests at least 80% of assets in investment-grade securitized debt securities, including mortgage-backed and asset-backed securities. Manages interest rate risk similar to the Bloomberg U.S. Securitized Index, allocating across sectors and maturities.
Inception date: March 2, 2021
Fund family: Fidelity Investments