# FIDELITY INVESTMENT GRADE SECURITIZED ETF (FSEC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fsec for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2021-03-02 Fidelity Merrimack Street Trust - Fidelity Investment Grade Securitized ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, Fidelity Management & Research (U.K.) Limited. It invests in fixed income markets of global region. The fund primarily invests in investment-grade securitized debt securities issued by U.S. government and its agencies or instrumentalities, foreign governments, and corporations of varying maturities.... ## Key Facts | Metric | Value | |---|---| | Price | $42.56 | | Expense Ratio | 0.36% | | Assets Under Management | $4.46B | | NAV | $42.50 | | Holdings Count | 117 | | Distribution Yield (TTM) | 4.57% | | Annual Distribution (TTM) | $1.95 /share | | Distribution Frequency | Monthly | | 52-Week Range | $41.45 – $44.95 | | Beta | 1.14 | ## Latest Distribution - Amount: $0.1360 /share - Ex-date: 2026-09-29 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does FSEC invest in? Fidelity Merrimack Street Trust - Fidelity Investment Grade Securitized ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, Fidelity Management & Research (U.K.) Limited. It invests in fixed income markets of global region. The fund primarily invests in investment-grade securitized debt securities issued by U.S. government and its agencies or instrumentalities, foreign governments, and corporations of varying maturities. The fund seeks to benchmark the performance of its portfolio against the Bloomberg U.S. Securitized Index and the Bloomberg U.S. Aggregate Bond Index. Fidelity Merrimack Street Trust - Fidelity Investment Grade Securitized ETF was formed on March 2, 2021 and is domiciled in the United States. ### What is the expense ratio of FSEC? FIDELITY INVESTMENT GRADE SECURITIZED ETF (FSEC) charges an expense ratio of 0.36%. This is the annual fee deducted from fund assets to cover management and operations. ### What is FSEC's dividend yield? FSEC's trailing-twelve-month yield is 4.57%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of FSEC? Effective duration measures FSEC's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FSEC's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of FSEC? FSEC's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of FSEC? Yield to maturity (YTM) is the total return you'd earn from FSEC if every bond in the portfolio is held to maturity at the current price. FSEC's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does FSEC pay a dividend? Yes, FIDELITY INVESTMENT GRADE SECURITIZED ETF (FSEC) distributes dividends to shareholders. The trailing-twelve-month yield is 4.57%. Full dividend history is on this page. ### How often does FSEC pay dividends? FIDELITY INVESTMENT GRADE SECURITIZED ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FSEC's next ex-dividend date? The most recently announced ex-dividend date for FSEC was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FSEC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.36% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FSEC charge its expense ratio? The expense ratio is deducted in tiny daily slices from FSEC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FSEC cost more than a fund like VOO? FSEC is a passive index fund (current expense ratio 0.36%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FSEC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FSEC (0.36%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fsec - Distribution history: https://www.dividenddata.com/funds/fsec/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fsec/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fsec/expenses - Peer comparison: https://www.dividenddata.com/funds/fsec/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.