FPIOX — Strategic Advisers Income Opportunities Fund
Data updated: 2026-07-24
FPIOX — Strategic Advisers Income Opportunities Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Balanced Allocation · $1.80B AUM · 0.52% expense ratio · 9.2% 1-yr return. From SEC regulatory filings.
FPIOX Fund Overview
FPIOX — Strategic Advisers Income Opportunities Fund is a US mutual fund managed by Fidelity Rutland Square Trust II, categorised as Balanced Allocation. 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: Balanced Allocation
- Assets under management: $1.80B
- 1-year return: 9.2%
- Ticker: FPIOX
- SEC CIK: 0001364924
- SEC series ID: S000029151
- Share class ID: C000089633
FPIOX Holdings
Top 10 holdings of Strategic Advisers Income Opportunities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Artisan Partners Fds, Inc. | 13.51% |
| Blackrock Fds Ii | 11.95% |
| Fidelity Summer Street Trust | 11.21% |
| Eaton Vance Income Fd Bos, Inc. | 5.68% |
| Vanguard Fixed Income Secs Fd | 4.40% |
| Mainstay Fds | 3.48% |
| Fidelity Revere Street Trust | 1.30% |
| Fidelity Revere Street Trust | 0.88% |
| State Str Invt Tr | 0.73% |
| Ust Notes | 0.50% |
FPIOX Portfolio Allocation
Asset-class allocation of Strategic Advisers Income Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 52.8% |
| Fixed Income | 43.3% |
| Loans | 2.7% |
| Cash & Equivalents | 2.2% |
| Securitized | 0.1% |
FPIOX Performance
Total returns for FPIOX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.5% |
| 1 year | 9.2% |
| 3 years (annualised) | 9.6% |
| 5 years (annualised) | 4.6% |
FPIOX Risk Information
Risk metrics for FPIOX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.0%
FPIOX Costs and Fees
FPIOX costs about $52 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.52%
- Gross expense ratio: 0.77%
- Portfolio turnover: 41%
- Brokerage commissions: 0.14 bps of average net assets (SEC N-CEN)
FPIOX Cashflows
Over the 12 months to 2026-02, Strategic Advisers Income Opportunities Fund had net inflows of $277.37M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $14.82M |
| 2026-01 | $17.84M |
| 2025-12 | −$91.78M |
| 2025-11 | −$7.21M |
| 2025-10 | −$4.78M |
| 2025-09 | $4.11M |
FPIOX Debt Constituents
Largest debt holdings of Strategic Advisers Income Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ust Notes | 0.50% |
| 1261229 Bc Ltd. | 0.26% |
| Cloud Software Group, Inc. | 0.24% |
| Carvana Co. | 0.24% |
| Echostar Corp. | 0.22% |
| Pr Rno Property Owner 1 LLC | 0.22% |
| Meridian Arc Holdco LLC | 0.20% |
| RIVIAN HOLDCO and RIVIAN LLC and RIVIAN AUTOMOTIVE LLC | 0.20% |
| Level 3 Financing, Inc. | 0.20% |
| Entegris, Inc. | 0.19% |
FPIOX Prospectus and SEC Filings
Official Strategic Advisers Income Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Balanced Allocation 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.