Strategic Advisers U.S. Total Stock Fund
Fidelity Rutland Square Trust II · Series S000084926 · 1 share classes
data updated 2026-08-17
Fund profile
As filed in the prospectus · 2025 Q3
Strategic Advisers U.S. Total Stock Fund seeks capital appreciation.
The fund allocates assets among sub-advisers and underlying funds—including affiliated and non-affiliated equity funds and ETFs—to gain exposure to U.S. stocks across market capitalizations and investment styles, with day-to-day management delegated to those sub-advisers and underlying funds rather than executed directly by the adviser. The fund invests indirectly through other funds as well as directly in securities, selecting among managers and funds using proprietary research on performance, experience, costs, and other factors. Because the fund's holdings depend on the selections made by its sub-advisers and the underlying funds it holds, its composition and returns will reflect those choices.
| Share class | Gross | Net |
|---|---|---|
| FSAKX | 0.46% | 0.21% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 74.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 98.77% |
| Cash & short-term | 1.23% |
| Securitized | 1.20% |
| Bonds | 0.30% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: Fidelity Salem Street Trust, UNITED STATES TREASURY, FNMA/FHLG TBA ISSUER ×5, CP
Largest exited: FNMA/FHLG TBA ISSUER ×6, UNITED STATES TREASURY, UNILEVER PLC
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 | 79.4% |
| Floating rate | 20.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 5.7% |
| 1-3y | 0.6% |
| 3-5y | 3.0% |
| 5-10y | 12.7% |
| 10y+ | 78.0% |
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 | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 4.96% | $177.19 | $4.58B | 25.9M |
| — | Fidelity Mt. Vernon Street Trust | 4.86% | $48.53 | $4.49B | 92.5M |
| AAPL | APPLE INCAAPL | 3.93% | $264.18 | $3.63B | 13.7M |
| — | Fidelity Salem Street Trust | 3.55% | $23.48 | $3.27B | 139.5M |
| MSFT | MICROSOFT CORPMSFT | 3.45% | $392.74 | $3.19B | 8.1M |
| AMZN | AMAZON.COM INCAMZN | 2.68% | $210.00 | $2.47B | 11.8M |
| — | Fidelity Salem Street Trust | 1.96% | $19.41 | $1.81B | 93.5M |
| — | Fidelity Concord Street Trust | 1.96% | $104.18 | $1.81B | 17.3M |
| META | META PLATFORMS INCMETA | 1.88% | $648.18 | $1.74B | 2.7M |
| GOOG | ALPHABET INCGOOG | 1.85% | $311.43 | $1.71B | 5.5M |
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 31.07% of net assets, top 25 46.61%, across 2.2K issuers.
See more of this fund's book
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