Strategic Advisers Fidelity U.S. Total Stock Fund
Fidelity Rutland Square Trust II · Series S000061481 · 1 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2025 Q3
Strategic Advisers Fidelity U.S. Total Stock Fund seeks capital appreciation.
The fund allocates assets among underlying Fidelity funds and sub-advisers using proprietary fundamental and quantitative research, with day-to-day management delegated to one or more sub-advisers or implemented indirectly through other funds that invest in U.S. common stocks and equity securities. The fund normally holds at least 80% of assets in U.S. common stocks, depositary receipts, U.S. common stock funds, and derivatives providing exposure to these investments. Because the fund invests through underlying funds rather than holding securities directly, its returns depend on the performance of those underlying funds and the sub-advisers selected to manage them.
| Share class | Gross | Net |
|---|---|---|
| FCTDX | 0.53% | 0.28% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 33.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 97.92% |
| Cash & short-term | 2.00% |
| Bonds | 0.77% |
| Securitized | 0.19% |
| Derivatives | -0.02% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: ASTRAZENECA PLC, Old Name : iShares Ultra Short-Term Bond Active ETF, INSM, GPGI, FPS, UST BILLS, PNFP, ROCHE HOLDING AG
Largest exited: Fidelity Contrafund, Fidelity Salem Street Trust, ASTRAZENECA PLC, SPIRIT AEROSYSTEMS HLDGS INC, CMA, SYNOVUS FINANCIAL CORP, FHN, FRFHF
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 | 67.1% |
| Floating rate | 32.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 21.7% |
| 1-3y | 54.3% |
| 3-5y | 13.2% |
| 5-10y | 4.5% |
| 10y+ | 6.3% |
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 | 10.21% | $22.56B | 960.8M |
| — | Fidelity Mt. Vernon Street Trust | 9.88% | $21.82B | 449.7M |
| — | Fidelity Salem Street Trust | 5.16% | $11.41B | 481.0M |
| — | Fidelity Magellan Fund | 3.96% | $8.76B | 596.5M |
| — | Fidelity Securities Fund | 3.41% | $7.53B | 28.9M |
| — | Fidelity Salem Street Trust | 3.09% | $6.83B | 486.0M |
| NVDA | NVIDIA CORPNVDA | 2.88% | $6.35B | 35.8M |
| AAPL | APPLE INCAAPL | 2.08% | $4.59B | 17.4M |
| — | Fidelity Salem Street Trust | 2.03% | $4.48B | 231.0M |
| — | Fidelity Concord Street Trust | 1.99% | $4.38B | 42.1M |
Top 10 positions are 44.70% of net assets, top 25 61.45%, across 1.7K issuers.
See more of this fund's book
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