Seeking AlphaT3·34mo ago
FSEC Fidelity Investment Grade Securitized ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FSEC
—
—
Key stats
About
Fidelity Investment Grade Securitized ETF (FSEC) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2021-03-02
- Has Options
- No
Fund profile
holdings as of Oct 20, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.36% issuer, Oct 22, 2026
- Assets
- $4.5B issuer-reported, Oct 20, 2026
- Trailing yield
- 4.62% paid monthly
- Average daily volume
- $25M 30 sessions
- Holdings
- 1,200 top 10 are 23.1%
- Listed
- Mar 2, 2021 NYSE Arca
- Net asset value
- $42.18 issuer, Oct 21, 2026
- 30-day SEC yield
- 4.65% issuer, Oct 19, 2026
Cost41
Liquidity80
Scale98
Diversification100
Moves with. Long Treasuries (37% of its variance, beta 0.24); High yield over Treasuries (12% of its variance, beta -0.33); US large-cap stocks (8% of its variance, beta 0.08); US dollar (5% of its variance, beta -0.10). These factors explain 68% of its daily moves over the last year.
Stated objective. Fidelity Investment Grade Securitized ETF seeks a high level of current income. (from the fund's prospectus)
All 1,200 holdingsFlow historyOverlap toolAll Mortgage & Securitized ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$22M latest reported month
- Latest 3 months
- +$87M +1.9% of assets
- Latest 12 months
- +$589M +13.2% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$22M |
| Apr 2026 | +$51M |
| Mar 2026 | +$14M |
| Feb 2026 | +$43M |
| Jan 2026 | +$63M |
| Dec 2025 | +$37M |
| Nov 2025 | +$39M |
| Oct 2025 | +$57M |
| Sep 2025 | +$30M |
| Aug 2025 | +$51M |
| Jul 2025 | +$166M |
| Jun 2025 | +$16M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 62 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MBBiShares MBS ETF | — | 0.04% | $35.2B | −5.7% | compare |
| VMBSVanguard Mortgage-Backed Securities ETF | — | 0.03% | $15.7B | −5.2% | compare |
| SPMBState Street SPDR Portfolio Mortgage Backed Bond ETF | — | 0.04% | $6.9B | −5.7% | compare |
| JMTGJPMorgan Mortgage-Backed Securities ETF | — | 0.24% | $6.7B | −5.4% | compare |
| SMBSSchwab Mortgage-Backed Securities ETF | — | 0.03% | $6.4B | −6.3% | compare |
The largest other funds in the Mortgage & Securitized category.
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 7 active of 24 with agreements; top 3 did 81%
- Created · redeemed
- $4.0B · $75M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-20
Holdings
1200
AUM
$4.5B
Provider
Fidelity
Inception
2021-03-02
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.36%
Dividend Yield
4.61%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-29 | 2026-10-01 | $0.1360 | CD |
| 2026-08-28 | 2026-09-01 | $0.1360 | CD |
| 2026-07-30 | 2026-08-03 | $0.1400 | CD |
| 2026-06-29 | 2026-07-01 | $0.1370 | CD |
| 2026-05-28 | 2026-06-01 | $0.1380 | CD |
| 2026-04-29 | 2026-05-01 | $0.1420 | CD |
Asset Allocation
Top Holdings
top 50 of 1200 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | GNII II 5.5% 11/56 #TBA | 4.99% | MBS/ABS | US |
| — | UMBS 30YR 5% 11/56 #TBA | 3.32% | MBS/ABS | US |
| — | GNII II 6% 11/56 #TBA | 3.11% | MBS/ABS | US |
| — | UMBS 30YR 2% 12/56 #TBA | 2.63% | MBS/ABS | — |
| — | UMBS 30YR 3.5% 11/56 #TBA | 1.69% | MBS/ABS | US |
| — | GNII II 2.5% 11/56 #TBA | 1.64% | MBS/ABS | US |
| — | GNII II 4.5% 12/56 #TBA | 1.51% | MBS/ABS | — |
| — | GNII II 5.5% 12/56 #TBA | 1.43% | MBS/ABS | US |
| — | FHLG 30YR 2.5% 11/51#SD7548 | 1.38% | MBS/ABS | — |
| — | GNMA II 5% 07/56#MB1284 | 1.37% | MBS/ABS | — |
| — | GNII II 6% 12/56 #TBA | 1.19% | MBS/ABS | US |
| — | FNR 2021-13 BE 1.25% 02/50 | 1.16% | MBS/ABS | — |
| — | FNMA 30YR 5.5% 04/55#CC0241 | 1.13% | MBS/ABS | — |
| — | GNII II 5% 12/56 #TBA | 1.11% | MBS/ABS | US |
| — | UMBS 30YR 2% 11/56 #TBA | 1.06% | MBS/ABS | US |
| — | FHLG 30YR 2.5% 04/52#SL1958 | 1.05% | MBS/ABS | — |
| — | GNII II 3% 04/52#MA7988 | 0.92% | MBS/ABS | US |
| — | FNMA 30YR 2.5% 09/50#CA6947 | 0.90% | MBS/ABS | — |
| — | GNII II 2% 07/51#MA7471 | 0.86% | MBS/ABS | US |
| — | FHLG 30YR 2% 08/50#SD8097 | 0.85% | MBS/ABS | — |
| — | FNMA 30YR 2.5% 08/50#CA6709 | 0.83% | MBS/ABS | — |
| — | GNII II 2.5% 05/52#MA8042 | 0.82% | MBS/ABS | US |
| — | FNMA 30YR 2.5% 09/51#CB1547 | 0.81% | MBS/ABS | — |
| — | FHLG 15YR 1.5% 05/36#RC1950 | 0.77% | MBS/ABS | — |
| — | FHLG 30YR 2% 11/50#SD8106 | 0.77% | MBS/ABS | US |
| — | FHMS 2026-K564 AS VAR 05/31 | 0.74% | MBS/ABS | — |
| — | GNII II 2% 01/52#MA7826 | 0.70% | MBS/ABS | US |
| — | USTB 4.625% 11/15/44 | 0.70% | Treasury | US |
| — | FNMA 30YR 2.5% 12/51#FM9695 | 0.66% | MBS/ABS | — |
| — | GNII II 3% 05/52#MA8043 | 0.65% | MBS/ABS | US |
| — | GNII II 4.5% 11/54#MB0024 | 0.62% | MBS/ABS | US |
| — | FEDER 25-K551 AS 4.54% 10/30 | 0.60% | MBS/ABS | — |
| — | FHLG 30YR 6% 03/56#SL5162 | 0.59% | MBS/ABS | — |
| — | OMFIT 19-2A A 3.14% 10/36 | 0.58% | MBS/ABS | US |
| — | FHLG 30YR 5% 08/52#SD1482 | 0.54% | MBS/ABS | — |
| — | UMBS 30YR 3% 11/56 #TBA | 0.51% | MBS/ABS | US |
| — | FNMA 30YR 6% 11/54#FA2958 | 0.50% | MBS/ABS | — |
| — | FHLG 20YR 1.5% 02/41#RB5099 | 0.49% | MBS/ABS | — |
| — | USTN 3.5% 01/15/29 | 0.48% | Treasury | US |
| — | FNMA 20YR 1.5% 12/40#MA4202 | 0.48% | MBS/ABS | — |
| — | FHMS K561 AS SOFR30A+50 03/31 | 0.47% | MBS/ABS | — |
| — | FHMS 2025-K546 AS VAR 03/30 | 0.46% | MBS/ABS | — |
| — | FHLB VFAC SOFR+19 09/24/29 | 0.46% | Corporate Bond | — |
| — | FHLG 30YR 2% 03/51#SD2903 | 0.45% | MBS/ABS | US |
| — | UMBS 30YR 3.5% 12/56 #TBA | 0.43% | MBS/ABS | — |
| — | USTB 4.75% 02/15/45 | 0.42% | Treasury | US |
| — | FNMA 15YR 1.5% 04/36#FM6100 | 0.42% | MBS/ABS | — |
| — | FHMS K563 AS SOFR30A+50 04/31 | 0.42% | MBS/ABS | — |
| — | TLOT 26-A A2A 4.09% 02/28 | 0.42% | MBS/ABS | — |
| — | FHMS 26-K556 SOFR30A+50 12/30 | 0.42% | MBS/ABS | — |
Non-Equity Breakdown
Fidelity Investment Grade Securitized ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-24)
Net assets:
$4.46B
· 1106 total positions
· equity 0.00%
· non-equity 125.43%
Non-equity holdings
— 1106 positions,
125.43% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Mortgage-backed (US Govt-Sponsored Entity) | 60.62% | $2.70B | 627 |
| Mortgage-backed (US Govt Agency) | 29.26% | $1.30B | 78 |
| CBO/CDO (Corporate) | 13.04% | $581.2M | 164 |
| CBO/CDO (US Govt-Sponsored Entity) | 7.77% | $346.5M | 63 |
| Mortgage-backed (Corporate) | 6.91% | $307.9M | 104 |
| US Treasury | 3.99% | $178.1M | 15 |
| Short-term investment | 3.52% | $157.1M | 1 |
| Derivative (interest rate) | 0.30% | $13.3M | 22 |
| Derivative (credit) | 0.01% | $571579 | 32 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -1.42% | 2.56% | -0.07% | 0.07% | 0.27% | 0.28% |
| Feb | -- | -1.41% | -3.57% | -2.56% | 2.11% | 1.52% | -0.78% |
| Mar | -0.64% | -3.27% | 2.22% | 0.43% | -0.59% | -1.66% | -0.58% |
| Apr | 0.63% | -3.27% | -0.25% | -2.45% | -0.64% | -0.03% | -1.00% |
| May | -0.28% | 1.49% | -0.28% | 0.88% | -1.04% | -0.01% | 0.13% |
| Jun | -0.03% | -1.71% | -0.94% | -0.00% | 1.80% | -0.07% | -0.16% |
| Jul | 0.52% | 1.80% | -0.13% | 2.82% | -0.67% | -1.16% | 0.53% |
| Aug | -0.19% | -3.43% | -0.41% | 1.24% | 0.05% | -0.23% | -0.50% |
| Sep | -0.57% | -4.67% | -2.92% | 0.91% | 0.92% | -3.00% | -1.55% |
| Oct | -0.56% | -2.09% | -1.71% | -3.25% | 0.14% | 1.67%* | -0.97% |
| Nov | -0.25% | 3.29% | 3.73% | 1.29% | 0.43% | -- | 1.70% |
| Dec | -0.11% | -1.18% | 2.70% | -1.93% | -0.66% | -- | -0.24% |
| Total | -1.48% | -15.04% | 0.71% | -2.85% | 1.88% | -2.75% | -3.25% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $41.93
SMA 50: $42.61
SMA 200: $43.65
Current: $42.51
EMA 12: $42.12
EMA 26: $42.20
MACD: -0.0781 | Signal: 0.1109
BEARISH
ADX (14): 28.96
TREND
+DI: 24.67
−DI: 19.92
Momentum Oscillators
RSI (14): 59.83
NEUTRAL
Stoch %K: 82.13
Stoch %D: 74.68
Williams %R: 0.00
Volume & Volatility
BB Upper: $42.41
BB Lower: $41.45
OVERBOUGHT
OBV: -2,122,194
Vol SMA 20: 615,924
Vol ROC: -71.46%
ATR: $0.27
True Range: $0.34
HV 20: 5.6%
HV 30: 6.4%
HV 60: 5.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is my analysis:
Executive Summary
- Overall assessment: NEUTRAL with confidence level (6/10)
- Key drivers and primary risks:
- Technical indicators suggest a neutral trend, with recent price action near SMA 20.
- Momentum oscillators are in neutral territory, indicating no strong buying or selling pressure.
- Volume and volatility metrics indicate low risk.
- 2-3 sentence investment thesis: FSEC is trading within a narrow range, driven by a mix of news sentiment and technical signals. The stock's low volatility and beta suggest a relatively stable profile.
- Recent news sentiment impact: Neutral headlines have not had a significant impact on the stock price.
Technical Analysis
- Trend Direction: Short-term (1-4 weeks): NEUTRAL, Medium-term (1-3 months): NEUTRAL, Long-term (3-12 months): BEARISH
- Support/Resistance Levels:
- Upper: $44.27 (Bollinger Band upper)
- Middle: $43.85 (SMA 20)
- Lower: $43.43 (Bollinger Band lower)
- Momentum Signals:
- RSI interpretation: NEUTRAL (46.93), indicating no strong buying or selling pressure.
- MACD signal: BEARISH (negative histogram)
- Bollinger Bands position: NEUTRAL (signal line near middle band)
News & Sentiment Analysis
- Recent Headlines Summary: Neutral headlines focus on bond market trends and fixed income investing, without specific mention of FSEC.
- Sentiment Assessment: Aggregate news sentiment is NEUTRAL.
- Catalyst Identification: No upcoming events or earnings releases to drive significant price action.
- Market Narrative: News headlines do not strongly contradict technical signals.
Risk & Volatility Assessment
- Beta Interpretation: Low risk relative to market (beta 0.10).
- Volatility Regime: Current volatility is low, consistent with historical trends.
- Options Market Signals: No options data available.
Market Context & Positioning
- Sector Performance: Not applicable, as FSEC is a standalone stock.
- Institutional Activity: No volume or trading activity patterns suggesting institutional interest.
- Correlation Analysis: FSEC's correlation with the market (R-squared) is low (0.21).
Key Levels & Action Items
- Critical Price Levels:
- Upper: $44.27 (Bollinger Band upper)
- Middle: $43.85 (SMA 20)
- Lower: $43.43 (Bollinger Band lower)
- Breakout/Breakdown Levels: No specific levels to monitor, as the stock is trading within a narrow range.
- Time-Sensitive Catalysts: No earnings dates or product launches in the near term.
- Risk Management: Consider stop-loss levels near $42.50 (10% below current price) and position sizing considerations.
Please let me know if this meets your expectations!
Generated
News
All FSEC news →
Seeking AlphaT3·52mo ago
Seeking AlphaT3·53mo ago
Seeking AlphaT3·54mo ago
Seeking AlphaT3·59mo ago
Seeking AlphaT3·59mo ago
FSEC Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.1293
Alpha: -7.15%
Correlation: 0.3397
R-Squared: 11.5%
Stock Volatility: 4.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
FSEC Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|