FGNSX Performance — Strategic Advisers Tax-Sensitive Short Duration Fund
Data updated: 2026-08-12
FGNSX returned +1.12% year to date and +3.30% over one year to May 2026. Annualised returns are +3.62% over 3 years and +2.35% over 5 years. The fund beat its Ultrashort Municipal Bond category average: $100 invested three years ago grew to $111, against $110 for the category, and to $103 over one year, against $103. Volatility over the past three years was 0.79% a year. In the 12 months to May 2026 the fund lost a net $455.9M, and assets reached $2.97B.
FGNSX Growth of $100
What $100 invested in Strategic Advisers Tax-Sensitive Short Duration Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | FGNSX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $103 | $103 |
| 3 years (Jun 2023 – May 2026) | $111 | $110 |
| 5 years (Jun 2021 – May 2026) | $112 | $108 |
| Since data start (Sep 2019 – May 2026) | $114 | $112 |
FGNSX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.12% |
| 1 year | +3.30% |
| 3 years (annualised) | +3.62% |
| 5 years (annualised) | +2.35% |
FGNSX Annual Returns
Calendar-year total returns of Strategic Advisers Tax-Sensitive Short Duration Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.12% |
| 2025 | +3.60% |
| 2024 | +3.45% |
| 2023 | +3.72% |
| 2022 | −0.10% |
| 2021 | +0.23% |
| 2020 | +1.30% |
| 2019 (Sep–Dec) | +0.38% |
FGNSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +0.4% | −0.2% | +0.3% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.3% | +0.1% | +0.1% | +0.5% | +0.4% | +0.5% | +0.4% | +0.3% | +0.2% | +0.3% | +0.3% |
| 2024 | +0.2% | +0.3% | +0.2% | +0.1% | +0.3% | +0.5% | +0.6% | +0.6% | +0.3% | +0.1% | +0.4% | +0.1% |
| 2023 | +0.6% | −0.3% | +0.7% | 0.0% | 0.0% | +0.3% | +0.2% | +0.3% | −0.1% | +0.3% | +1.1% | +0.6% |
| 2022 | −0.5% | −0.1% | −0.5% | −0.2% | +0.4% | 0.0% | +0.4% | −0.3% | −0.3% | +0.1% | +0.8% | +0.2% |
| 2021 | +0.1% | −0.2% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | −0.1% | 0.0% | 0.0% |
| 2020 | +0.3% | +0.1% | −0.4% | −0.1% | +0.6% | +0.2% | +0.3% | +0.1% | +0.1% | 0.0% | +0.1% | +0.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.1% | +0.1% | +0.2% | +0.1% |
FGNSX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 0.79%
- 3-year Sharpe ratio: -1.11 (vs 4.5% risk-free rate)
- Best month: +1.08% (Nov 2023)
- Worst month: −0.25% (Mar 2026)
FGNSX Fund Flows
Monthly money in and out of Strategic Advisers Tax-Sensitive Short Duration Fund, from SEC Form N-PORT.
- 12-month net flow: −$455.9M
- 12-month gross sales (incl. reinvestments): $763.0M
- Sales ÷ redemptions: 0.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $94.2M | $71.2M | $23.1M |
| Apr 2026 | $62.4M | $100.2M | −$37.9M |
| Mar 2026 | $39.2M | $190.1M | −$150.9M |
| Feb 2026 | $42.0M | $96.5M | −$54.5M |
| Jan 2026 | $103.4M | $100.3M | $3.1M |
| Dec 2025 | $74.5M | $83.0M | −$8.5M |
| Nov 2025 | $45.7M | $94.5M | −$48.9M |
| Oct 2025 | $69.1M | $96.4M | −$27.3M |
| Sep 2025 | $44.3M | $92.8M | −$48.6M |
| Aug 2025 | $33.9M | $84.5M | −$50.6M |
| Jul 2025 | $67.9M | $99.4M | −$31.4M |
| Jun 2025 | $86.4M | $110.1M | −$23.6M |
FGNSX Assets Under Management
Net assets of Strategic Advisers Tax-Sensitive Short Duration Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.97B |
| 2026-02-28 | $3.15B |
| 2025-11-30 | $3.20B |
| 2025-08-31 | $3.33B |
| 2025-05-31 | $3.42B |
| 2025-02-28 | $3.55B |
| 2024-11-30 | $3.61B |
| 2024-08-31 | $3.71B |
| 2024-05-31 | $3.91B |
| 2024-02-29 | $4.01B |
| 2023-11-30 | $3.97B |
| 2023-08-31 | $4.13B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.