Strategic Advisers Fidelity Emerging Markets Fund
Fidelity Rutland Square Trust II · Series S000063170 · 1 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2025 Q3
Strategic Advisers Fidelity Emerging Markets Fund seeks capital appreciation.
The fund allocates assets among sub-advisers and underlying funds—including affiliated and non-affiliated emerging markets equity funds and ETFs—to gain diversified exposure across emerging markets countries, market capitalizations, and investment styles. Day-to-day security selection is delegated to one or more sub-advisers or conducted through the underlying funds themselves. Because the fund invests indirectly through other funds rather than holding securities directly, its returns depend on the performance and holdings of those underlying funds.
| Share class | Gross | Net |
|---|---|---|
| FGOMX | 0.57% | 0.32% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 53.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 98.84% |
| Cash & short-term | 1.18% |
| Derivatives | 0.17% |
| Bonds | 0.15% |
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, CHINA PETROLEUM and CHEM CORP, KOMATSU LTD, ICE FUTURES US, SANY HEAVY INDUSTRY CO LTD, HYBE CO LTD, ITAUSA SA
Largest exited: EUROBANK ERGASIAS SERVICES AND HOLDINGS SA, GERDAU SA, VALTERRA PLATINUM LIMITED, SUNGROW POWER SUPPLY CO LTD, PIRAEUS FINANCIAL HOLDINGS SA, ALPHA BANK SA, KOTAK MAHINDRA BANK LTD, PEPKOR HOLDINGS 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 | 23.55% | $8.29B | 420.8M |
| — | TAIWAN SEMICONDUCTOR MFG CO LTD | 8.91% | $3.13B | 50.5M |
| — | Fidelity Salem Street Trust | 5.06% | $1.78B | 88.4M |
| — | Fidelity Salem Street Trust | 5.05% | $1.78B | 146.6M |
| — | SAMSUNG ELECTRONICS CO LTD | 4.97% | $1.75B | 11.6M |
| — | TENCENT HLDGS LTD | 2.52% | $887.58M | 13.5M |
| — | SHORT TERM INVTS TR | 2.17% | $762.06M | 762.1M |
| — | SK HYNIX INC | 1.83% | $642.58M | 872.2K |
| — | MEDIATEK INC | 0.99% | $347.49M | 5.6M |
| — | Fidelity Investment Trust | 0.98% | $346.61M | 5.5M |
Top 10 positions are 56.03% of net assets, top 25 66.55%, across 295 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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