FSAMX Performance — Strategic Advisers Emerging Markets Fund
Data updated: 2026-07-24
FSAMX returned +28.40% year to date and +59.84% over one year to May 2026. Annualised returns are +26.63% over 3 years and +8.24% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $203, against $186 for the category, and to $160 over one year, against $149. Volatility over the past three years was 15.68% a year. In the 12 months to May 2026 the fund lost a net $1.7B, and assets reached $17.03B.
FSAMX Growth of $100
What $100 invested in Strategic Advisers Emerging Markets Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | FSAMX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $160 | $149 |
| 3 years (Jun 2023 – May 2026) | $203 | $186 |
| 5 years (Jun 2021 – May 2026) | $149 | $145 |
| Since data start (Sep 2019 – May 2026) | $217 | $202 |
FSAMX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +28.40% |
| 1 year | +59.84% |
| 3 years (annualised) | +26.63% |
| 5 years (annualised) | +8.24% |
FSAMX Annual Returns
Calendar-year total returns of Strategic Advisers Emerging Markets Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +28.40% |
| 2025 | +34.10% |
| 2024 | +8.35% |
| 2023 | +11.90% |
| 2022 | −22.36% |
| 2021 | −2.16% |
| 2020 | +20.38% |
| 2019 (Sep–Dec) | +13.67% |
FSAMX 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 | +8.9% | +5.9% | −9.3% | +13.2% | +8.5% | — | — | — | — | — | — | — |
| 2025 | +1.5% | +0.3% | +1.2% | +0.1% | +4.6% | +6.4% | +1.5% | +2.9% | +6.8% | +4.0% | −2.1% | +3.0% |
| 2024 | −3.7% | +5.0% | +2.5% | −0.1% | +2.2% | +3.2% | +0.4% | +0.7% | +5.1% | −3.5% | −2.2% | −0.9% |
| 2023 | +9.3% | −6.4% | +3.2% | −0.6% | −2.0% | +4.6% | +5.3% | −5.8% | −2.5% | −3.4% | +7.4% | +3.9% |
| 2022 | −1.0% | −5.2% | −3.9% | −6.2% | +1.0% | −6.3% | −0.4% | −0.7% | −10.9% | −2.8% | +16.2% | −2.5% |
| 2021 | +3.4% | +1.0% | −1.1% | +1.6% | +1.7% | +1.0% | −6.4% | +2.1% | −4.0% | +1.5% | −4.2% | +1.7% |
| 2020 | −4.9% | −3.8% | −16.0% | +8.5% | +2.4% | +7.1% | +8.4% | +2.4% | −1.0% | +1.8% | +9.0% | +7.9% |
| 2019 | — | — | — | — | — | — | — | — | +1.9% | +3.7% | +0.1% | +7.4% |
FSAMX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 15.68%
- 3-year Sharpe ratio: 1.41 (vs 4.5% risk-free rate)
- Best month: +13.20% (Apr 2026)
- Worst month: −9.33% (Mar 2026)
FSAMX Fund Flows
Monthly money in and out of Strategic Advisers Emerging Markets Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.7B
- 12-month gross sales (incl. reinvestments): $3.7B
- Sales ÷ redemptions: 0.69×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $206.0M | $550.6M | −$344.6M |
| Apr 2026 | $1.0B | $267.0M | $774.2M |
| Mar 2026 | $285.7M | $145.8M | $139.9M |
| Feb 2026 | $168.7M | $1.1B | −$949.1M |
| Jan 2026 | $152.8M | $1.2B | −$1.1B |
| Dec 2025 | $659.1M | $198.8M | $460.3M |
| Nov 2025 | $228.5M | $371.4M | −$142.9M |
| Oct 2025 | $193.4M | $256.6M | −$63.2M |
| Sep 2025 | $165.4M | $398.6M | −$233.1M |
| Aug 2025 | $181.0M | $275.8M | −$94.7M |
| Jul 2025 | $194.4M | $136.6M | $57.8M |
| Jun 2025 | $208.2M | $408.0M | −$199.8M |
FSAMX Assets Under Management
Net assets of Strategic Advisers Emerging Markets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $17.03B |
| 2026-02-28 | $15.15B |
| 2025-11-30 | $14.42B |
| 2025-08-31 | $13.67B |
| 2025-05-31 | $12.53B |
| 2025-02-28 | $12.49B |
| 2024-11-30 | $11.76B |
| 2024-08-31 | $11.59B |
| 2024-05-31 | $10.11B |
| 2024-02-29 | $9.42B |
| 2023-11-30 | $7.53B |
| 2023-08-31 | $7.29B |
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.