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Strategic Advisers® Small-Mid Cap Fund

  • Symbol: FSCFX
  • No Transaction Fee No Transaction Fee 1
  • Closed to new investors
  • Information
    View more information on Strategic Advisers' Funds.View more information on Strategic Advisers' Funds.
  • Information
    This fund is only available to clients enrolled in Fidelity Portfolio Advisory Service®This fund is only available to clients enrolled in Fidelity Portfolio Advisory Service®

Morningstar® Snapshot*

AS OF 04/30/2015; MORNINGSTAR CATEGORY: Small Growth
Returns 3 out of 5, Average Returns
Expenses 1 out of 5, Low Fees
Risk of this Category Category Risk Rating:7, where 1 is Lower and 10 is Higher

*Data provided by Morningstar. Please click on the indicator above to learn more about comparison groups and methodology.


 2 More Information
AS OF 4/30/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
YTD (Daily)* +5.64% 1 Yr +8.84% 3 Yr +14.46% 5 Yr +12.02% Life of Fund +7.89%
*AS OF 5/22/2015; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 04/30/2015; MORNINGSTAR CATEGORY: Small Growth
Shows growth of hypothetical $10,000 investment in Strategic Advisers® Small-Mid Cap Fund compared to Russell 2500,SA Small-Mid Cap Linked,Small Growth over the selected time period
Strategic Advisers® Small-Mid Cap Fund
Small Growth

Compare Chart  |   Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Barry J Golden since 5/1/2013

Fund Overview


Seeks capital appreciation.


Normally investing primarily in common stocks. Normally investing at least 80% of assets in securities of small and mid cap companies (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2500 Index) and in shares of other small and mid cap funds. Investing in domestic and foreign issuers. Investing in either "growth" stocks or "value" stocks or both. Implementing investment strategies by investing directly in securities through one or moremanagers (sub-advisers) or indirectly in securities through one or more other funds, referred to as underlying funds, which in turn invest directly in securities. Allocating assets among affiliated small and mid cap funds (i.e., Fidelity funds) and non-affiliated small and mid cap funds that participate in Fidelity's FundsNetwork, and non-affiliated exchange traded funds (ETFs) (underlying funds) and sub-advisers. Allocating assets among underlying funds and sub-advisers to achieve portfolio characteristics similar to those of the Russell 2500 Index.


Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. These risks may be magnified in foreign markets. Foreign securities are subject to interest rate, currency exchange rate,economic, and political risks. The securities of smaller, less well-known companies can be more volatile than those of larger companies. The fund can invest in ETFs which may trade at a discount to their NAV. Fund of funds bear the risks of the investment strategies of their underlying funds.

Additional Disclosures

A mutual fund registered under FIDELITY RUTLAND SQUARE TRUST II, and managed by Strategic Advisers, Inc. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

The Russell 2500TM Index is an unmanaged market capitalization-weighted index measuring the performance of the 2,500 smallest companies in the Russell 3000 Index.


More Information
Morningstar Category Small Growth
Fund Inception 6/23/2005
Glossary definition opens in new window.Exp Ratio (Gross)
($10.90 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
($8.40 per $1000)
Minimum to Invest 5 $2,500.00
Turnover Rate
Glossary definition opens in new window.Portfolio Net Assets ($M)
12 Month Low-High
$11.96 - $13.97

Money Manager Allocation

More Information
AS OF 3/31/2015


Sub-Adviser Total 52.65%
Top Mutual Fund Positions 37.94%
Meridian Growth Legacy 5.77%
Spartan Extended Market Index Fund - Investor Class 4.88%
Fidelity Stock Selector Mid Cap Fund 4.74%
Champlain Small Company Adv 4.60%
Goldman Sachs Small Cap Value 4.40%
Fmi Common Stock 4.08%
Vulcan Value Partners Small Ca 3.08%
Alliancebern Discovery Growth 2.20%
Artisan Small Cap Investor 2.12%
Aston/Tamro Small Cap N 2.07%
Remaining Investments 9.41%

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 3/31/2015; FUND INCEPTION 6/23/2005 Glossary definition opens in new window.

1.09% AS OF 4/29/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Strategic Advisers® Small-Mid Cap Fund 7.07% 14.73% 13.35% -- 8.09%
Russell 2500 10.07% 17.13% 15.48% 9.62% 9.41%
SA Small-Mid Cap Linked 10.07% 17.13% 15.68% -- 9.20%
Small Growth 8.06% 15.21% 15.12% 9.20% --
Glossary definition opens in new window.After Taxes on Distributions
Strategic Advisers® Small-Mid Cap Fund 4.69% 12.53% 11.85% -- 7.06%
Small Growth 4.18% 12.72% 13.47% 7.93% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Strategic Advisers® Small-Mid Cap Fund 5.24% 11.19% 10.48% -- 6.42%
Small Growth 5.45% 11.29% 11.78% 7.23% --

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Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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Fidelity Portfolio Advisory Service® is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. This service provides discretionary money management for a fee.

Brokerage services provided by Fidelity Brokerage Services LLC, a Fidelity Investments company and a Member of NYSE and SIPC. Custody and other services provided by National Financial Services LLC, a Fidelity Investments company and a member of NYSE and SIPC.

This fund is managed by Strategic Advisers, Inc. Pursuant to a Securities and Exchange Commission exemptive order, Strategic Advisers intends to act as a manager of managers, meaning that Strategic Advisers has the responsibility to oversee sub-advisers and recommend their hiring, termination, and replacement. See the prospectus for details.

© 2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. There is no minimum for additional investments in any type of Fidelity fund you already own.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Small Growth
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