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Upturn AI SWOT - About
Fidelity Investment Grade Securitized ETF (FSEC)
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Upturn Advisory Summary
04/01/2025: FSEC (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 4.89% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 1400660 | Beta 1.11 | 52 Weeks Range 39.15 - 44.01 | Updated Date 04/2/2025 |
52 Weeks Range 39.15 - 44.01 | Updated Date 04/2/2025 |
Upturn AI SWOT
Fidelity Investment Grade Securitized ETF
ETF Overview
Overview
The Fidelity Investment Grade Securitized ETF (FSEC) seeks to provide investment returns that correspond to the performance of the ICE BofA US Fixed Rate Core Investment Grade CMBS Index. It primarily invests in investment-grade securitized debt, focusing on commercial mortgage-backed securities (CMBS). Its asset allocation is largely fixed income. The investment strategy aims to replicate the index's composition and yield.
Reputation and Reliability
Fidelity is a well-established and reputable asset manager with a long history in the financial industry.
Management Expertise
Fidelity has a dedicated and experienced fixed-income team managing its ETF offerings, leveraging extensive research and market knowledge.
Investment Objective
Goal
The primary investment goal is to track the performance, before fees and expenses, of the ICE BofA US Fixed Rate Core Investment Grade CMBS Index.
Investment Approach and Strategy
Strategy: The ETF aims to track the ICE BofA US Fixed Rate Core Investment Grade CMBS Index.
Composition The ETF primarily holds investment-grade commercial mortgage-backed securities (CMBS).
Market Position
Market Share: Unavailable to calculate the exact market share of FSEC, however it is a smaller, more niche player compared to broader bond ETFs.
Total Net Assets (AUM): 17860000
Competitors
Key Competitors
- iShares MBS ETF (MBB)
- Vanguard Mortgage-Backed Securities ETF (VMBS)
- SPDR Portfolio Aggregate Bond ETF (SPAB)
Competitive Landscape
The ETF industry is highly competitive. FSEC's advantage lies in its specific focus on investment-grade securitized debt. Compared to competitors with broader mandates, this specialization may attract investors seeking targeted exposure. However, it lacks the scale and trading volume of larger ETFs like MBB and VMBS.
Financial Performance
Historical Performance: Past performance does not guarantee future results. Data unavailable to populate historical performance metrics.
Benchmark Comparison: The ETF's performance should be compared against the ICE BofA US Fixed Rate Core Investment Grade CMBS Index, but specific data unavailable for comparison.
Expense Ratio: 0.36
Liquidity
Average Trading Volume
The average trading volume is relatively low, indicating moderate liquidity.
Bid-Ask Spread
The bid-ask spread may be wider than more liquid ETFs, potentially increasing trading costs.
Market Dynamics
Market Environment Factors
Economic indicators (interest rates, inflation) and the performance of the commercial real estate market significantly affect the ETF. Changes in housing market conditions impact the performance.
Growth Trajectory
Growth depends on CMBS market activity, demand for securitized debt, and overall investor sentiment. Strategy changes are unlikely given the objective to track its underlying index. Holdings are reviewed periodically.
Moat and Competitive Advantages
Competitive Edge
FSEC's competitive advantage is its targeted exposure to investment-grade securitized debt, specifically CMBS, which can offer diversification benefits for fixed-income portfolios. Fidelity's expertise in fixed-income investing adds credibility to the fund. The ETF provides a focused approach that appeals to investors seeking specialized exposure within the securitized debt market, differentiating it from broader, more generalized bond ETFs.
Risk Analysis
Volatility
The ETF's volatility is generally moderate, as it invests in investment-grade debt. However, it is subject to interest rate risk and credit risk within the CMBS market.
Market Risk
The ETF is subject to market risk related to fluctuations in interest rates, credit spreads, and the performance of the commercial real estate market. Downgrades to CMBS ratings also present risks.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated investor seeking targeted exposure to investment-grade securitized debt, especially CMBS, for diversification purposes within a broader fixed-income portfolio.
Market Risk
The ETF is suitable for long-term investors seeking moderate income and diversification benefits, but may not be suitable for active traders due to lower liquidity.
Summary
Fidelity Investment Grade Securitized ETF (FSEC) offers targeted exposure to investment-grade CMBS, managed by a reputable firm. It tracks the ICE BofA US Fixed Rate Core Investment Grade CMBS Index, providing a focused approach to securitized debt. Its liquidity is moderate, and it carries risks related to interest rates and the commercial real estate market. The ETF's appeal lies in its specialized focus for sophisticated investors seeking diversification, but lacks market share compared to broad market ETFs.
Similar Companies
- MBB
- VMBS
- AGG
- SPAB
- SCHZ
Sources and Disclaimers
Data Sources:
- Fidelity Investments Website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market share data is estimated and may not be precise.
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.
About Fidelity Investment Grade Securitized ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund normally invests at least 80% of assets in investment-grade securitized debt securities (those of medium and high quality) and repurchase agreements for those securities. It invests in securitized debt securities issued by the U.S. government and its agencies or instrumentalities, foreign governments, and corporations. The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury.
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