Strategic Advisers Emerging Markets Fund
Actively managed global stock fund
As of its 2026 Q2 report, Strategic Advisers Emerging Markets Fund held 960 positions with $17.03B in net assets. Its ten largest holdings made up 51.1% of the fund. The FSAMX share class costs 0.43% a year. Over the 12 months to May 2026, FSAMX returned 59.8%, with dividends reinvested. In 2026 Q2 it added 225 new positions and exited 126.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
FEMVXFidelity Salem Street Trust | 14.05% | $2.39B | 108.3M | $22.09 |
TAIWAN SEMICONDUCTOR MFG CO LTD | 10.05% | $1.71B | 23.2M | $73.88 |
SAMSUNG ELECTRONICS CO LTD | 6.16% | $1.05B | 5.0M | $210.09 |
FGKPXFidelity Salem Street Trust | 5.21% | $886.53M | 66.5M | $13.33 |
SK HYNIX INC | 4.22% | $718.45M | 464.7K | $1,546.21 |
GOLDMAN SACHS TECHNOLOGY OPPORTUNITIES FUND | 3.57% | $608.74M | 15.5M | $39.17 |
GVMXXSTATE STR INVT TR | 2.99% | $509.10M | 509.1M | $1.00 |
TENCENT HLDGS LTD | 2.15% | $365.78M | 6.7M | $54.33 |
MEDIATEK INC | 1.43% | $243.10M | 1.8M | $137.20 |
DELTA ELECTRONICS INC | 1.26% | $214.56M | 2.8M | $77.83 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 960 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 94.95% |
| Cash & short-term | 2.73% |
| Securitized | 1.75% |
| Bonds | 1.68% |
| 2 smaller | 0.54% |
Look-through blends 11 underlying funds; 2.989% of NAV was not looked through and stays direct-classified.
How it has done
FSAMX share class · total returns with dividends reinvested
Volatility over the last 12 months: 20.05%. Past returns are a record, not a forecast.
Fees & fund details
Strategic Advisers Emerging Markets Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.43%· FSAMX 0.43%
- Portfolio turnover
- 48.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
225 new· the largest 8
126 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FSAMX, QQQ and the fund in my 401(k)?”
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