# Portfolio overlap — FSEC vs FSMOX Comparing **Fidelity Investment Grade Securitized ETF** (2026-02-28) and **Fidelity SAI Investment Grade Securitized Fund** (2026-02-28). - Shared positions: 286 - Fidelity Investment Grade Securitized ETF covered by Fidelity SAI Investment Grade Securitized Fund: 0.4473031699365946414250036740 - Fidelity SAI Investment Grade Securitized Fund covered by Fidelity Investment Grade Securitized ETF: 0.4473031699365946414250036740 ## Fidelity Investment Grade Securitized ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Government National Mortgage Association, TBA | 0.064648 | ✓ | | GNII II 5.5% 03/01/2056 #TBA | 0.053363 | ✓ | | G2SF 5.5 4/25 | 0.033200 | ✓ | | FNCL 6 3/24 | 0.029239 | ✓ | | GNMA TBA | 0.029047 | ✓ | | Fannie Mae or Freddie Mac | 0.027219 | ✓ | | G2SF 6 4/25 | 0.024690 | ✓ | | Government National Mortgage Association, TBA | 0.019578 | ✓ | | FNCI 5 4/21 | 0.017271 | ✓ | | G2SF 2 4/26 | 0.015321 | ✓ | | FNCL 5.5 3/25 | 0.015222 | ✓ | | G2SF 5 4/26 | 0.012408 | ✓ | | G2SF 5 3/25 | 0.012405 | ✓ | | FR SD7548 | 0.009700 | | | US TREASURY N/B | 0.008353 | ✓ | | G2SF 2.5 4/24 | 0.008314 | ✓ | | FEDERAL NAT MTG ASN GTD REM PA 21-13 BE 1.25% 02/25/2050 | 0.008126 | | | FNMA 30YR 5.5% 04/01/2055#CC0241 | 0.007831 | | | Fidelity Cash Central Fund | 0.007542 | ✓ | | FHLG 30YR 2.5% 04/01/2052#SL1958 | 0.007397 | | | Uniform Mortgage-Backed Security, TBA | 0.006765 | ✓ | | G2 MA7988 | 0.006515 | ✓ | | FNMA 30YR 2.5% 09/01/2050#CA6947 | 0.006343 | | | FNMA 30YR 2.5% 08/01/2050#CA6709 | 0.005890 | | | FNMA 30YR 2.5% 09/01/2051#CB1547 | 0.005784 | | | FHLG 15YR 1.5% 05/01/2036#RC1950 | 0.005468 | | | FR SD8106 | 0.005347 | ✓ | | US TREASURY N/B | 0.004704 | | | FNMA 30YR 2.5% 12/01/2051#FM9695 | 0.004633 | | | G2 MA8043 | 0.004607 | | | G2 MB0024 | 0.004366 | | | Ginnie Mae | 0.004365 | ✓ | | G2SF 4.5 4/26 | 0.004358 | ✓ | | GNII II 6.5% 03/01/2056 #TBA | 0.004122 | ✓ | | US TREASURY N/B | 0.003881 | ✓ | | FHLG 30YR 5% 08/01/2052#SD1482 | 0.003809 | | | FNCL 5 3/24 | 0.003759 | ✓ | | ONEMAIN FINL ISSUANCE TR 2019-2 3.14% 10/14/2036 144A | 0.003676 | | | Freddie Mac Multifamily Structured Pass Through Certificates | 0.003646 | | | FNMA 30YR 6% 11/01/2054#FA2958 | 0.003560 | | | TOYOTA LEASE OWNER TRUST 2026-A 4.09% 02/22/2028 144A | 0.003476 | | | Uniform Mortgage-Backed Security, TBA | 0.003423 | ✓ | | FNCL 4.5 4/26 | 0.003411 | ✓ | | FR RB5099 | 0.003389 | | | Freddie Mac Pool | 0.003322 | | | FNMA POOL MA4202 FN 12/40 FIXED 1.5 | 0.003306 | | | FNMA 15YR 1.5% 04/01/2036#FM6100 | 0.002962 | | | UMBS | 0.002932 | | | UMBS | 0.002909 | | | US TREASURY N/B | 0.002875 | | ## Fidelity SAI Investment Grade Securitized Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Government National Mortgage Association, TBA | 0.055848 | ✓ | | GNII II 5.5% 03/01/2056 #TBA | 0.049029 | ✓ | | FNCL 6 3/24 | 0.037657 | ✓ | | Uniform Mortgage-Backed Security, TBA | 0.037021 | ✓ | | G2SF 5.5 4/25 | 0.034751 | ✓ | | Fannie Mae or Freddie Mac | 0.024087 | ✓ | | G2SF 6 4/25 | 0.020807 | ✓ | | FNCL 2 4/26 | 0.016368 | ✓ | | GNMA TBA | 0.016010 | ✓ | | Government National Mortgage Association, TBA | 0.015713 | ✓ | | FNCL 5.5 3/25 | 0.014990 | ✓ | | FNCI 5 4/21 | 0.013861 | ✓ | | FNCL 6 4/26 | 0.010465 | | | Uniform Mortgage-Backed Security, TBA | 0.010213 | ✓ | | GNII II 6.5% 03/01/2056 #TBA | 0.008943 | ✓ | | FNCL 5 3/24 | 0.008938 | ✓ | | FNMA 30YR 3.5% 01/01/2050#FS3728 | 0.008730 | | | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-FCMT A TSFR1M+131.448 12/31/2049 144A | 0.008268 | ✓ | | G2SF 2 4/26 | 0.007147 | ✓ | | G2 MA6930 | 0.006917 | ✓ | | FNMA POOL CB8330 FN 04/54 FIXED 5.5 | 0.006803 | ✓ | | FNMA 30YR 2.5% 05/01/2051#CB0447 | 0.006742 | | | Fidelity Cash Central Fund | 0.006724 | ✓ | | G2SF 2.5 4/24 | 0.006670 | ✓ | | FN FM7484 | 0.006249 | ✓ | | FNMA 30YR 5% 08/01/2052#CB4352 | 0.005971 | | | G2 MA7988 | 0.005958 | ✓ | | CGCMT 2016-C1 A4 | 0.005276 | | | FEDERAL HOME LN MTG MLT CTF GT 3% 05/25/2048 | 0.004964 | | | US TREASURY N/B | 0.004858 | ✓ | | Ginnie Mae | 0.004858 | ✓ | | G2SF 5 3/25 | 0.004858 | ✓ | | G2SF 4.5 4/26 | 0.004852 | ✓ | | G2SF 5 4/26 | 0.004851 | ✓ | | Freddie Mac Pool | 0.004753 | | | FEDERAL NAT MTG ASN GTD REM PA SOFR30A+155 11/25/2053 | 0.004483 | | | FEDERAL NAT MTG ASN GTD REM PA 3% 07/25/2043 | 0.004221 | | | Uniform Mortgage-Backed Securities | 0.004136 | ✓ | | G2 MA7051 | 0.003846 | | | Uniform Mortgage-Backed Security, TBA | 0.003829 | ✓ | | FNCL 4.5 4/26 | 0.003826 | ✓ | | US TREASURY N/B | 0.003564 | ✓ | | FHLG 30YR 2.5% 03/01/2051#RA4749 | 0.003559 | | | PRPM LLC, Series 2024-RPL1, Class A1 | 0.003525 | ✓ | | FNMA UMBS, 30 Year | 0.003494 | | | BX TRUST | 0.003430 | ✓ | | FHLM 30YR 5.5% 05/01/2053#RA9058 | 0.003428 | | | FNMA GTD MTG PASS THRU CTF 4.62% 04/25/2030 | 0.003225 | ✓ | | G2 MA8149 | 0.003197 | ✓ | | FEDERAL HOME LN MTG MLT CTF GT 3% 02/25/2048 | 0.003088 | | ## Sources - N-PORT (fund A) — accession `0000035402-26-002610` (as of 2026-02-28) - N-PORT (fund B) — accession `0000035402-26-002611` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _