Strategic Advisers Fidelity U.S. Total Stock Fund
Fidelity Rutland Square Trust II · Series S000061481 · 1 share classes
data updated 2026-09-08
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 Q2
| Stocks | 97.85% |
| Cash & short-term | 2.21% |
| Bonds | 0.73% |
| Securitized | 0.18% |
| Derivatives | 0.08% |
Look-through blends 11 underlying funds; 12.036% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Largest new: CARNIVAL CORP LTD, CHICAGO MERCANTILE EXCH INC, MIRM, RELY, CBRS, UST BILLS, VIKING HOLDINGS LTD, UNILEVER PLC
Largest exited: RBLX, SAP SE, CARNIVAL CORP, CANADIAN NATURAL RESOURCES LTD, SOLENO THERAPEUTICS INC, SNOW, TOST, UST BILLS
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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 | 68.0% |
| Floating rate | 32.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 29.5% |
| 1-3y | 51.3% |
| 3-5y | 8.1% |
| 5-10y | 5.0% |
| 10y+ | 6.2% |
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 |
|---|---|---|---|---|---|
| — | Fidelity Mt. Vernon Street Trust | 10.54% | $58.71 | $26.40B | 449.7M |
| FUQIX | Fidelity Salem Street TrustFUQIX | 10.34% | $25.45 | $25.90B | 1.0B |
| FSUVX | Fidelity Salem Street TrustFSUVX | 5.25% | $24.21 | $13.15B | 543.3M |
| FMASX | Fidelity Magellan FundFMASX | 3.81% | $15.68 | $9.55B | 609.0M |
| FBCKX | Fidelity Securities FundFBCKX | 3.59% | $311.32 | $9.00B | 28.9M |
| NVDA | NVIDIA CORPNVDA | 3.30% | $211.14 | $8.28B | 39.2M |
| FSWCX | Fidelity Salem Street TrustFSWCX | 3.00% | $15.45 | $7.51B | 486.0M |
| AAPL | APPLE INCAAPL | 2.23% | $312.06 | $5.58B | 17.9M |
| AMZN | AMAZON.COM INCAMZN | 1.96% | $270.64 | $4.91B | 18.1M |
| MSFT | MICROSOFT CORPMSFT | 1.90% | $450.24 | $4.77B | 10.6M |
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.
Top 10 positions are 45.91% of net assets, top 25 62.64%, across 1.7K 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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