FPCIX Performance — Strategic Advisers Core Income Fund
Data updated: 2026-07-24
FPCIX returned +0.65% year to date and +5.90% over one year to May 2026. Annualised returns are +4.73% over 3 years and +0.46% over 5 years. The fund trailed its Conservative Allocation category average: $100 invested three years ago grew to $115, against $131 for the category, and to $106 over one year, against $111. Volatility over the past three years was 5.80% a year. In the 12 months to May 2026 the fund took in a net $677.5M, and assets reached $42.84B.
FPCIX Growth of $100
What $100 invested in Strategic Advisers Core Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Conservative Allocation category average over the same months.
| Period | FPCIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $111 |
| 3 years (Jun 2023 – May 2026) | $115 | $131 |
| 5 years (Jun 2021 – May 2026) | $102 | $125 |
| Since data start (Sep 2019 – May 2026) | $110 | $140 |
FPCIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.65% |
| 1 year | +5.90% |
| 3 years (annualised) | +4.73% |
| 5 years (annualised) | +0.46% |
FPCIX Annual Returns
Calendar-year total returns of Strategic Advisers Core Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.65% |
| 2025 | +8.04% |
| 2024 | +2.09% |
| 2023 | +6.23% |
| 2022 | −14.28% |
| 2021 | −0.68% |
| 2020 | +9.39% |
| 2019 (Sep–Dec) | −0.09% |
FPCIX 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 | +0.3% | +1.6% | −1.9% | +0.2% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.8% | +2.2% | −0.2% | +0.4% | −0.5% | +1.7% | −0.2% | +1.4% | +1.0% | +0.8% | +0.7% | −0.2% |
| 2024 | −0.1% | −1.2% | +0.9% | −2.5% | +1.9% | +1.1% | +2.4% | +1.5% | +1.3% | −2.4% | +1.1% | −1.7% |
| 2023 | +3.6% | −2.5% | +2.1% | +0.7% | −1.1% | −0.1% | +0.1% | −0.7% | −2.8% | −1.8% | +4.8% | +4.1% |
| 2022 | −2.1% | −1.4% | −2.9% | −4.0% | +0.4% | −2.2% | +2.6% | −2.6% | −4.6% | −1.4% | +3.8% | −0.6% |
| 2021 | −0.6% | −1.4% | −1.2% | +0.9% | +0.4% | +0.9% | +1.1% | 0.0% | −0.9% | 0.0% | +0.2% | 0.0% |
| 2020 | +2.1% | +1.4% | −2.9% | +2.5% | +1.4% | +1.2% | +2.1% | −0.3% | −0.2% | −0.4% | +1.8% | +0.5% |
| 2019 | — | — | — | — | — | — | — | — | −0.4% | +0.4% | −0.1% | 0.0% |
FPCIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.80%
- 3-year Sharpe ratio: 0.04 (vs 4.5% risk-free rate)
- Best month: +4.84% (Nov 2023)
- Worst month: −2.79% (Sep 2023)
FPCIX Fund Flows
Monthly money in and out of Strategic Advisers Core Income Fund, from SEC Form N-PORT.
- 12-month net flow: $677.5M
- 12-month gross sales (incl. reinvestments): $12.2B
- Sales ÷ redemptions: 1.06×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.5B | $518.4M | $1.0B |
| Apr 2026 | $773.1M | $2.7B | −$2.0B |
| Mar 2026 | $658.9M | $746.8M | −$87.9M |
| Feb 2026 | $938.9M | $692.3M | $246.7M |
| Jan 2026 | $949.7M | $649.6M | $300.1M |
| Dec 2025 | $1.1B | $1.1B | −$22.5M |
| Nov 2025 | $655.4M | $1.6B | −$982.1M |
| Oct 2025 | $762.6M | $697.4M | $65.2M |
| Sep 2025 | $653.7M | $862.8M | −$209.1M |
| Aug 2025 | $798.9M | $679.5M | $119.4M |
| Jul 2025 | $970.2M | $653.9M | $316.3M |
| Jun 2025 | $2.4B | $553.3M | $1.9B |
FPCIX Assets Under Management
Net assets of Strategic Advisers Core Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $42.84B |
| 2026-02-28 | $44.94B |
| 2025-11-30 | $44.19B |
| 2025-08-31 | $44.69B |
| 2025-05-31 | $41.61B |
| 2025-02-28 | $41.63B |
| 2024-11-30 | $42.91B |
| 2024-08-31 | $43.70B |
| 2024-05-31 | $44.11B |
| 2024-02-29 | $46.22B |
| 2023-11-30 | $47.64B |
| 2023-08-31 | $49.18B |
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.