Strategic Advisers International Fund
Fidelity Rutland Square Trust II · Series S000029152 · 1 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
Strategic Advisers International Fund seeks capital appreciation.
The fund seeks capital appreciation by allocating assets among sub-advisers and underlying funds that invest primarily in non-U.S. common stocks, including emerging markets, with diversification across countries, regions, market capitalizations, and investment styles. Day-to-day investment decisions are delegated to one or more sub-advisers, and the fund may invest indirectly through underlying funds rather than holding securities directly. The fund's allocation decisions rely on proprietary fundamental and quantitative research evaluating manager performance, experience, style, infrastructure, costs, and asset size.
| Share class | Gross | Net |
|---|---|---|
| FILFX | 0.66% | 0.41% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 45.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.80% |
| Cash & short-term | 1.78% |
| Bonds | 0.81% |
| Other | 0.33% |
| 3 smaller | 0.28% |
Look-through blends 22 underlying funds; 9.682% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Largest new: ROCHE HOLDING AG, ICE FUTURES US, CARNIVAL CORP LTD, BP, EOPTOLINK TECHNOLOGY INC LTD, PUBLICIS GROUPE SA, SUNCORP GROUP LTD, NOKIA CORP
Largest exited: ROCHE HOLDING AG, CARNIVAL CORP, ICE FUTURES US, RIO TINTO PLC, FIRST MAJESTIC SILVER CORP, VOLKSWAGEN AG, YASKAWA ELEC CORP, SHINHAN FINANCIAL GROUP CO LTD
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 | 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 | Reported price | Value | Shares |
|---|---|---|---|---|---|
| FIWCX | Fidelity Salem Street TrustFIWCX | 7.05% | $14.40 | $2.01B | 139.8M |
| FSKLX | Fidelity Salem Street TrustFSKLX | 4.75% | $13.60 | $1.35B | 99.6M |
| GVMXX | STATE STR INVT TRGVMXX | 4.38% | $1.00 | $1.25B | 1.3B |
| FZAIX | Fidelity Investment TrustFZAIX | 3.83% | $63.44 | $1.09B | 17.3M |
| — | ARTISAN PARTNERS FDS INC | 3.63% | $58.64 | $1.04B | 17.7M |
| — | ISHARES INC | 3.35% | $68.78 | $955.67M | 13.9M |
| — | Fidelity Investment Trust | 2.42% | $54.12 | $690.80M | 12.8M |
| FSJPX | Fidelity Concord Street TrustFSJPX | 1.77% | $13.70 | $506.39M | 37.0M |
| — | ASML HOLDING NV | 1.67% | $1,616.92 | $476.73M | 294.8K |
| — | INVESTMENT MANAGERS SER TR | 1.41% | $27.34 | $403.57M | 14.8M |
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 34.25% of net assets, top 25 45.62%, across 918 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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