# Portfolio overlap — FSEC vs FSMTX Comparing **Fidelity Investment Grade Securitized ETF** (2026-02-28) and **Fidelity SAI Total Bond Fund** (2026-02-28). - Shared positions: 347 - Fidelity Investment Grade Securitized ETF covered by Fidelity SAI Total Bond Fund: 0.1465433411385880914759177788 - Fidelity SAI Total Bond Fund covered by Fidelity Investment Grade Securitized ETF: 0.1465433411385880914759177788 ## 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 Total Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Fidelity Cash Central Fund | 0.029623 | ✓ | | US TREASURY N/B | 0.023187 | | | US TREASURY N/B | 0.022347 | | | US TREASURY N/B | 0.018421 | | | US TREASURY N/B | 0.017163 | | | US TREASURY N/B | 0.016434 | | | US TREASURY N/B | 0.015388 | | | US TREASURY N/B | 0.014305 | | | US TREASURY N/B | 0.013823 | | | US TREASURY N/B | 0.011481 | | | GNII II 5.5% 03/01/2056 #TBA | 0.011430 | ✓ | | US TREASURY N/B | 0.011233 | | | FNCL 6 3/24 | 0.010857 | ✓ | | US TREASURY N/B | 0.010382 | | | US TREASURY N/B | 0.010322 | | | US TREASURY N/B | 0.010018 | | | US TREASURY N/B | 0.009726 | | | US TREASURY N/B | 0.009469 | | | G2SF 5.5 4/25 | 0.008984 | ✓ | | US TREASURY N/B | 0.008852 | | | US TREASURY N/B | 0.008448 | | | US TREASURY N/B | 0.008272 | | | Government National Mortgage Association, TBA | 0.008243 | ✓ | | US TREASURY N/B | 0.008035 | | | US TREASURY N/B | 0.007840 | | | US TREASURY N/B | 0.007657 | | | US TREASURY N/B | 0.007591 | | | GNMA TBA | 0.007464 | ✓ | | US TREASURY N/B | 0.007119 | | | US TREASURY N/B | 0.006591 | | | US TREASURY N/B | 0.006501 | | | US TREASURY N/B | 0.006333 | | | US TREASURY N/B | 0.006328 | | | US TREASURY N/B | 0.006313 | | | US TREASURY N/B | 0.005985 | | | Fannie Mae or Freddie Mac | 0.005968 | ✓ | | US TREASURY N/B | 0.005920 | | | US TREASURY N/B | 0.005416 | ✓ | | BANK OF AMER CRP | 0.005002 | | | US TREASURY N/B | 0.004428 | | | Uniform Mortgage-Backed Security, TBA | 0.004197 | ✓ | | FNCL 6 4/26 | 0.004196 | | | US TREASURY N/B | 0.004186 | | | US TREASURY N/B | 0.004075 | | | US TREASURY N/B | 0.003899 | | | US TREASURY N/B | 0.003841 | | | FNCI 5 4/21 | 0.003610 | ✓ | | US TREASURY N/B | 0.003609 | | | G2SF 2 4/26 | 0.003590 | ✓ | | US TREASURY N/B | 0.003534 | | ## Sources - N-PORT (fund A) — accession `0000035402-26-002610` (as of 2026-02-28) - N-PORT (fund B) — accession `0000035402-26-002638` (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 _