Strategic Advisers Emerging Markets Fund
Fidelity Rutland Square Trust II · Series S000030092 · 1 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q2
Strategic Advisers Emerging Markets Fund seeks capital appreciation.
The fund allocates assets among sub-advisers and underlying funds to gain exposure to emerging markets equities, defined by MSCI classification, World Bank income levels, or characteristics identified by the adviser. It may invest directly in securities through sub-advisers or indirectly through other funds that hold the securities themselves. Because the fund invests through underlying funds as well as direct holdings, its composition and performance depend on the selection and performance of those underlying funds.
| Share class | Gross | Net |
|---|---|---|
| FSAMX | 0.68% | 0.43% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 48.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 99.00% |
| Cash & short-term | 1.34% |
| Derivatives | 0.20% |
| Bonds | 0.10% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: EUROBANK SA, ZIJIN MINING GROUP CO LIMITED, ICE FUTURES US, CHINA PETROLEUM and CHEM CORP, KOMATSU LTD, SANY HEAVY INDUSTRY CO LTD, WUS PRINTED CIRCUIT CO LTD, HYBE CO LTD
Largest exited: Old Name : iShares Ultra Short-Term Bond Active ETF ×2, EUROBANK ERGASIAS SERVICES AND HOLDINGS SA, POWER GRID CORP OF INDIA LTD, KOTAK MAHINDRA BANK LTD, PIRAEUS FINANCIAL HOLDINGS SA, ALPHA BANK SA, SUN PHARMACEUTICAL INDUSTRIES LTD
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
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
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Fidelity Salem Street Trust | 14.08% | $2.13B | 108.3M |
| — | TAIWAN SEMICONDUCTOR MFG CO LTD | 9.73% | $1.47B | 23.7M |
| — | SAMSUNG ELECTRONICS CO LTD | 5.67% | $858.34M | 5.7M |
| — | Fidelity Salem Street Trust | 5.32% | $806.06M | 66.5M |
| — | GOLDMAN SACHS TECHNOLOGY OPPORTUNITIES FUND | 3.60% | $545.80M | 15.5M |
| — | TENCENT HLDGS LTD | 3.06% | $463.05M | 7.0M |
| — | STATE STR INVT TR | 2.77% | $420.31M | 420.3M |
| — | SK HYNIX INC | 2.25% | $341.18M | 463.1K |
| — | BRANDES INVT TR | 1.25% | $188.95M | 13.4M |
| — | MEDIATEK INC | 1.03% | $155.76M | 2.5M |
Top 10 positions are 48.76% of net assets, top 25 58.80%, across 821 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.
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