Strategic Advisers Fidelity International Fund

Fidelity Rutland Square Trust II · Series S000029153 · 1 share classes

Equity fund · 100% stocks
One fund, 1 share classes:FUSIX
$68.30B NAV
295 positions · as of 2026-02-28 · filed 2026-04-24
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2026 Q2

Strategic Advisers Fidelity International Fund seeks capital appreciation.

Strategy · summarised

The fund invests primarily in non-U.S. securities, including emerging markets stocks, through a combination of sub-advisers who manage securities directly and underlying funds that hold securities indirectly. Strategic Advisers allocates assets among these sub-advisers and underlying funds using proprietary research to diversify across market capitalization, investment style, and geographic region. The fund normally allocates assets primarily to Fidelity funds and sub-advisers but may use affiliated or unaffiliated managers and funds.

Expenses
0.29%one share class
Share classGrossNet
FUSIX0.54%0.29%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 34.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

101.25%
of net assets
Stocks99.67%
Cash & short-term1.13%
Derivatives0.29%
Bonds0.16%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 41 new49 exited

Largest new: ICE FUTURES US, DISCO CORP, ING GROEP NV, TAKEDA PHARMACEUTICAL CO LTD, UNILEVER PLC, ANZ GROUP HOLDINGS LTD, TSURUHA HOLDINGS INC, CAMECO CORP

Largest exited: TENCENT HLDGS LTD, SONY GROUP CORP, ESSILORLUXOTTICA, UNILEVER PLC, MRSH, CONSTELLATION SOFTWARE INC, GIVAUDAN SA, WESTPAC BANKING CORP

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Mar 2023 – Feb 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28

Avg coupon
0.00%
Avg maturity
0.11 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Fidelity Salem Street Trust15.78%$10.78B
Fidelity Investment Trust6.97%$4.76B
Fidelity Investment Trust6.84%$4.67B
Fidelity Salem Street Trust5.95%$4.07B
Fidelity Salem Street Trust5.86%$4.00B
STATE STR INVT TR5.36%$3.66B
Fidelity Investment Trust2.42%$1.65B
Fidelity Salem Street Trust1.76%$1.20B
ASML HOLDING NV1.11%$757.71M
Fidelity Concord Street Trust1.10%$749.88M
Showing 10 of 295Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-02-28 — not a live quote, and not what the fund paid.

Top 10 positions are 53.16% of net assets, top 25 63.62%, across 271 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free