Strategic Advisers Small-Mid Cap Fund
Data updated: 2024-07-26
C000089636 — Strategic Advisers Small-Mid Cap Fund. United States Mid Cap Blend / Core Equity · $10.02B AUM. Holdings, fees, performance and SEC filings.
C000089636 Fund Overview
Strategic Advisers Small-Mid Cap Fund is a US mutual fund managed by Fidelity Rutland Square Trust II, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Rutland Square Trust II
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $10.02B
- 1-year return: 22.9%
- SEC CIK: 0001364924
- SEC series ID: S000029154
- Share class ID: C000089636
C000089636 Investment Objective and Strategy
Strategic Advisers Small-Mid Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Fidelity Rutland Square Trust II.
Investment objective
The fund seeks capital appreciation.
Principal investment strategy
"Normally investing primarily in common stocks. Normally investing at least 80% of assets in securities of small and mid cap companies (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2500 Index) and in shares of other small and mid cap funds. Investing in domestic and foreign issuers. Investing in either ""growth"" stocks or ""value"" stocks or both. Implementing investment strategies by investing directly in securities through one or more managers (sub-advisers) or indirectly in securities through one or more other funds, referred to as underlying funds, which in turn invest directly in securities (as described below). Allocating assets among affiliated small and mid cap funds ( i.e., Fidelity funds) and non-affiliated small and mid cap funds that participate in Fidelity's FundsNetwork , and non-affiliated exchange traded funds (ETFs) (underlying funds) and sub-advisers.
Allocating assets among underlying funds and sub-advisers to achieve portfolio characteristics similar to those of the Russell 2500 Index. Allocating assets among underlying funds using proprietary fundamental and quantitative fund research, considering factors including fund performance, a fund manager's experience and investment style, fund company infrastructure, and fund characteristics such as expense ratio, asset size, and portfolio turnover. Allocating assets among sub-advisers considering factors including, but not limited to, a sub-adviser's investment approach, the characteristics of a sub-adviser's typical investment portfolio, and a sub-adviser's performance patterns in different market environments. Pursuant to an exemptive order granted by the Securities and Exchange Commission (SEC), Strategic Advisers LLC (Strategic Advisers) is permitted, subject to the approval of the Board of Trustees, to enter into new or amended sub-advisory agreements with one or more unaffiliated sub-advisers without obtaining shareholder approval of such agreements.
Subject to oversight by the Board of Trustees, Strategic Advisers has the ultimate responsibility to oversee the funds sub-advisers and recommend their hiring, termination, and replacement. In the event the Board of Trustees approves a sub-advisory agreement with a new unaffiliated sub-adviser, shareholders will be provided with information about the new sub-adviser and sub-advisory agreement."
C000089636 Holdings
Top 10 holdings of Strategic Advisers Small-Mid Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Salem Street Trust | 9.07% |
| Fidelity Securities Fund | 5.50% |
| Fidelity Revere Street Trust | 5.24% |
| Fidelity Salem Street Trust | 4.58% |
| Pimco Funds | 1.82% |
| State Str Invt Tr | 1.42% |
| Fidelity Salem Street Trust | 0.82% |
| Alight, Inc. | 0.51% |
| Chemed Corp. | 0.50% |
| Berry Global Group, Inc. | 0.48% |
C000089636 Portfolio Allocation
Asset-class allocation of Strategic Advisers Small-Mid Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
| Cash & Equivalents | 5.3% |
C000089636 Performance
Total returns for C000089636 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 22.9% |
| 3 years (annualised) | 1.0% |
C000089636 Risk Information
Risk metrics for C000089636, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.1%
C000089636 Costs and Fees
C000089636 costs about $38 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.38%
- Gross expense ratio: 0.63%
- Portfolio turnover: 70%
- Brokerage commissions: 10.73 bps of average net assets (SEC N-CEN)
C000089636 Cashflows
Over the 12 months to 2024-05, Strategic Advisers Small-Mid Cap Fund had net inflows of $1.22B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-05 | $171.49M |
| 2024-04 | $63.08M |
| 2024-03 | $41.70M |
| 2024-02 | $179.17M |
| 2024-01 | −$65.19M |
| 2023-12 | $196.61M |
C000089636 Debt Constituents
No individual debt constituents are reported in Strategic Advisers Small-Mid Cap Fund's latest SEC N-PORT filing.
C000089636 Prospectus and SEC Filings
Official Strategic Advisers Small-Mid Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-24
- Prospectus (485BPOS) — filed 2023-04-25
- Prospectus supplement (497) — filed 2022-10-19
- Portfolio holdings (N-PORT) — filed 2024-07-26
- Portfolio holdings (N-PORT) — filed 2024-04-24
- Portfolio holdings (N-PORT) — filed 2024-01-24
- Annual census (N-CEN) — filed 2024-05-13
- Annual census (N-CEN) — filed 2023-05-12
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.