FIDELITY INVESTMENT GRADE SECURITIZED ETF
FIDELITY INVESTMENT GRADE SECURITIZED ETF (AMEX: FSEC) is an exchange-traded fund listed on NYSE Arca, trading at $41.76 (about ₹4,046 a unit) as of 8 Oct 2026, 4:00 PM ET. It has an expense ratio of 0.36% and holds 117 securities. Indian residents can buy FSEC through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$41.41
Today's high
$41.86
52 week low
$41.45
52 week high
$44.99
FSEC opened at $41.41, closed previously at $41.64, and has traded between $41.45 and $44.99 over the past 52 weeks.
About
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.
Key statistics
Expense ratio
0.36%
Assets (AUM)
$4.5B
Holdings
117
NAV
$41.64
Avg. volume
—
1-year price change
-5.88%
5-year price change
-15.89%
Price change excludes dividends.
Top 10 holdings
FSEC holds 117 securities in total. These 10 are 25.8% of the fund.
Where the money is invested
Sectors
Countries
How to buy FSEC from India
Indian residents can buy FSEC units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in FSEC from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search FSEC and buy
Find the fund by its ticker, FSEC, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your FSEC position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying FSEC from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the FSEC price today?
FIDELITY INVESTMENT GRADE SECURITIZED ETF (FSEC) last traded at $41.76 on NYSE Arca, as of 8 Oct 2026, 4:00 PM ET. That is ₹4,046 a unit at the 8 Oct 2026 USD/INR rate.
When does FSEC trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is FSEC, and what does it cost to hold?
FIDELITY INVESTMENT GRADE SECURITIZED ETF manages about $4.5B. Its expense ratio is 0.36% a year, deducted inside the fund. It launched in 2021.
What are FSEC's largest holdings?
The top three are GNII II 5.5% 11/56 #TBA (3.9%), UMBS 30YR 2% 11/56 #TBA (3.7%) and UMBS 30YR 5% 11/56 #TBA (3.5%). FSEC's 10 largest positions make up 25.8% of the fund.
Does FSEC pay dividends?
Yes. FSEC is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on FSEC taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of FSEC?
Yes. You can buy FSEC by amount rather than by whole unit, and there is no minimum trade size.
How has FSEC performed?
FSEC's price is down 5.9% over the past year and down 15.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.