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- Upturn Summary
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Upturn AI Summary
Fidelity Investment Grade Securitized ETF(FSEC)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FSEC
09/24/2026: FSEC (2-star) is currently NOT-A-BUY. Pass it for now.
Fidelity Investment Grade Securitized ETF (FSEC) offers investors active exposure to a diversified pool of high-quality securitized debt, such as MBS and ABS. By utilizing Fidelity's expert research and active management, the fund aims to balance steady income generation with risk management. It serves as an effective tool for income-oriented portfolios seeking diversification from traditional bond instruments. Key risks include sensitivity to interest rate movements and the potential for credit volatility in underlying loan pools. FSEC is best suited for conservative to moderate investors who value professional management in the complex fixed-income market.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund is designed for income and stability rather than the aggressive capital appreciation typical of growth strategies. |
| Momentum investor | Mixed fit | Momentum suitability is conditional on a positive interest rate environment or credit spread tightening, which can drive price appreciation. |
| Value investor | Strong fit | Value investors may find opportunity in mispriced securitized assets that offer yield premiums over comparable duration Treasuries. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to generate regular income through interest payments on securitized debt holdings. |
| Low-risk investor | Strong fit | Its focus on investment-grade assets provides a lower-risk profile compared to equities or high-yield corporate debt. |
Investor Profile
Ideal Investor Profile
Income-focused investors who prioritize capital preservation and reliable yields over aggressive capital growth.
Suitability
Best suited for long-term investors seeking to diversify fixed-income holdings beyond simple Treasury or corporate bond funds.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | Prices are sensitive to interest rate changes and mortgage prepayment speeds. |
| Market risk | Medium | The fund is subject to fluctuations in the broader fixed-income and housing markets. |
| Concentration | Medium | Exposure is concentrated within specific segments of the securitized debt market, such as MBS and ABS. |
| Tracking/expense | Low | As an active fund, tracking error relative to an index is expected and inherent to the strategy. |
| Liquidity | Low | The underlying securitized assets are generally liquid but can experience periods of price instability during market stress. |
| Business/sector quality | Low | The focus on investment-grade ratings limits exposure to high-default-risk issuers. |
Risk Analysis
Volatility
FSEC generally exhibits low to moderate volatility typical of high-quality fixed-income funds, though interest rate shifts can cause periodic price swings.
Market Risk
The fund is susceptible to systematic risks including Federal Reserve rate policy, changes in the shape of the yield curve, and systemic stress in mortgage and consumer loan sectors.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Agency Mortgage-Backed Securities (MBS) | 55 | Provides high-quality, government-backed income with relatively low credit risk. |
| Fixed-income type | Asset-Backed Securities (ABS) | 25 | Offers diversified exposure to consumer and commercial debt underlying various assets. |
| Fixed-income type | Commercial Mortgage-Backed Securities (CMBS) | 15 | Provides income tied to commercial real estate loans, adding yield potential to the portfolio. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Maintains liquidity for daily operations and tactical portfolio adjustments. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 8.3% | Avg. Invested days 54 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/24/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 25, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $4.59B |
| Issuer | Fidelity Investments |
| Expense Ratio | 0.36% |
| Distribution Yield | 4.4% |
| Inception | Mar 2, 2021 |
Performance
| Period | Total Return |
|---|---|
| YTD | -0.73% |
| 1 Year | +0.85% |
| 3 Year | +5.25% |
| 5 Year | +0.09% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 3.05% |
| 3Y Volatility | 6.39% |
| 3Y Sharpe Ratio | 0.09 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 8.65% |
Top Holdings
| Holding | Weight |
|---|---|
| Fidelity Revere Str Tr | 18.10% |
| Government National Mortgage Association 3.5% | 7.77% |
| Fnma Pass-Thru I 3.5% | 7.56% |
| Federal National Mortgage Association 3% | 5.15% |
| Us 5yr Note Dec22 Xcbt 20221230 | 4.94% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
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