Strategic Advisers U.S. Total Stock Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Strategic Advisers U.S. Total Stock Fund held 2,851 positions with $98.95B in net assets. Its ten largest holdings made up 33.4% of the fund. The FSAKX share class costs 0.21% a year. Over the 12 months to May 2026, FSAKX returned 29.8%, with dividends reinvested. In 2026 Q2 it added 720 new positions and exited 609.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Fidelity Mt. Vernon Street Trust | 5.49% | $5.43B | 92.5M | $58.71 |
NVDANVIDIA CORP | 5.29% | $5.24B | 24.8M | $211.14 |
AAPLAPPLE INC | 4.12% | $4.08B | 13.1M | $312.06 |
MSFTMICROSOFT CORP | 3.46% | $3.43B | 7.6M | $450.24 |
FUQIXFidelity Salem Street Trust | 3.32% | $3.29B | 129.2M | $25.45 |
AMZNAMAZON.COM INC | 3.15% | $3.12B | 11.5M | $270.64 |
AVGOBROADCOM INC | 2.27% | $2.25B | 5.0M | $446.77 |
GOOGALPHABET INC | 2.18% | $2.15B | 5.7M | $376.43 |
ISHARES TR | 2.04% | $2.01B | 2.6M | $760.05 |
GOOGLALPHABET INC | 2.03% | $2.01B | 5.3M | $380.34 |
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 2,851 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 | 98.52% |
| Cash & short-term | 1.37% |
| Securitized | 1.12% |
| Bonds | 0.51% |
| Derivatives | 0.10% |
Look-through blends 11 underlying funds; 7.626% of NAV was not looked through and stays direct-classified.
By sector
- Information Technology
- 25.5%
- Other
- 19.6%
- Financials
- 9.7%
- Consumer Discretionary
- 7.7%
- 12 other sectors
- 37.5%
- Information Technology
- 25.5%
- Other
- 19.6%
- Financials
- 9.7%
- Consumer Discretionary
- 7.7%
- Communication Services
- 7.5%
- Industrials
- 7.0%
- Health Care
- 6.9%
- Consumer Staples
- 3.2%
- International
- 2.9%
- Energy
- 2.8%
- Securitized
- 1.9%
- Utilities
- 1.7%
- Materials
- 1.2%
- Real Estate
- 1.1%
- Cash
- 1.0%
- Government
- 0.4%
How it has done
FSAKX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.87%. Past returns are a record, not a forecast.
Fees & fund details
Strategic Advisers U.S. Total Stock Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.21%· FSAKX 0.21%
- Portfolio turnover
- 74.00% a year · as of 2025 Q3
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.
720 new· the largest 3
609 exited· the largest 2
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 | 81.7% |
| Floating rate | 18.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 13.2% |
| 1-3y | 1.4% |
| 3-5y | 1.9% |
| 5-10y | 10.2% |
| 10y+ | 73.4% |
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 — FSAKX, QQQ and the fund in my 401(k)?”
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