Fidelity Investment Grade Securitized ETF

FSEC is an actively managed fund of investment-grade securitized debt securities of any maturity across the broad market.

FSEC is an intermediate duration fixed income ETF focused on investment-grade MBS securities, with a 5.3-year duration and a 4.34% SEC yield. The fund's performance is highly sensitive to intermediate rates movements, with potential capital gains expected as rates move lower. FSEC's portfolio is predominantly AAA-rated MBS, minimizing credit risk and aligning closely with the iShares 3-7 Year Treasury Bond ETF from a duration standpoint.

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