FSLTX Performance — Strategic Advisers Alternatives Fund
Data updated: 2026-08-12
FSLTX returned +5.18% year to date and +10.61% over one year to May 2026. The annualised 3-year return is +7.45%. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $124, against $147 for the category, and to $111 over one year, against $119. Volatility over the past three years was 1.87% a year. In the 12 months to May 2026 the fund lost a net $245.1M, and assets reached $2.71B.
FSLTX Growth of $100
What $100 invested in Strategic Advisers Alternatives Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | FSLTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $111 | $119 |
| 3 years (Jun 2023 – May 2026) | $124 | $147 |
| Since data start (Aug 2022 – May 2026) | $126 | $148 |
FSLTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.18% |
| 1 year | +10.61% |
| 3 years (annualised) | +7.45% |
FSLTX Annual Returns
Calendar-year total returns of Strategic Advisers Alternatives Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.18% |
| 2025 | +8.55% |
| 2024 | +5.95% |
| 2023 | +2.23% |
| 2022 (Aug–Dec) | +1.52% |
FSLTX 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 | +1.6% | +1.2% | +0.2% | +1.0% | +1.1% | — | — | — | — | — | — | — |
| 2025 | +1.2% | +0.4% | +0.5% | −0.1% | +1.1% | +0.4% | +0.4% | +0.8% | +1.6% | +0.5% | +0.4% | +1.0% |
| 2024 | +0.5% | +0.7% | +1.6% | 0.0% | 0.0% | +0.3% | +0.5% | −0.4% | +1.0% | 0.0% | +0.8% | +0.7% |
| 2023 | +0.5% | +0.2% | −1.3% | +0.3% | 0.0% | +0.2% | +0.4% | −0.1% | +1.4% | 0.0% | −0.2% | +0.9% |
| 2022 | — | — | — | — | — | — | — | +1.0% | +1.2% | −0.1% | −0.8% | +0.2% |
FSLTX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 1.87%
- 3-year Sharpe ratio: 1.58 (vs 4.5% risk-free rate)
- Best month: +1.62% (Jan 2026)
- Worst month: −0.41% (Aug 2024)
FSLTX Fund Flows
Monthly money in and out of Strategic Advisers Alternatives Fund, from SEC Form N-PORT.
- 12-month net flow: −$245.1M
- 12-month gross sales (incl. reinvestments): $939.1M
- Sales ÷ redemptions: 0.79×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $132.3M | $43.3M | $89.0M |
| Apr 2026 | $152.7M | $72.1M | $80.6M |
| Mar 2026 | $35.6M | $73.3M | −$37.7M |
| Feb 2026 | $55.4M | $58.5M | −$3.1M |
| Jan 2026 | $82.8M | $60.3M | $22.4M |
| Dec 2025 | $213.7M | $195.2M | $18.5M |
| Nov 2025 | $30.1M | $87.1M | −$57.1M |
| Oct 2025 | $32.8M | $63.6M | −$30.8M |
| Sep 2025 | $66.7M | $61.9M | $4.8M |
| Aug 2025 | $33.6M | $68.4M | −$34.8M |
| Jul 2025 | $45.7M | $89.1M | −$43.4M |
| Jun 2025 | $57.6M | $311.1M | −$253.6M |
FSLTX Assets Under Management
Net assets of Strategic Advisers Alternatives Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.71B |
| 2026-02-28 | $2.53B |
| 2025-11-30 | $2.52B |
| 2025-08-31 | $2.54B |
| 2025-05-31 | $2.85B |
| 2025-02-28 | $3.02B |
| 2024-11-30 | $2.24B |
| 2024-08-31 | $2.36B |
| 2024-05-31 | $2.42B |
| 2024-02-29 | $2.04B |
| 2023-11-30 | $2.15B |
| 2023-08-31 | $2.30B |
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.