Fund Evaluator:
Strategic Advisers Fidelity Intl (FUSIX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
Strategic Advisers Fidelity Intl Overview
Strategic Advisers Fidelity Intl (FUSIX) is an actively managed International Equity Foreign Large Blend fund. Fidelity Investments launched the fund in 2007.
The investment seeks capital appreciation. The fund invests primarily in non-U.S. securities, including securities of issuers located in emerging markets. It invests primarily in common stocks. It invests directly in securities through one or more managers (sub-advisers) or indirectly in securities through one or more other funds, referred to as underlying funds, which in turn invest directly in securities. The fund allocates assets among underlying Fidelity® international funds (underlying funds) and sub-advisers.
About Strategic Advisers Fidelity Intl (FUSIX)
There are 2 members of the management team with an average tenure of 12.00 years: Wilfred Chilangwa (2007), John Curtin (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Strategic Advisers Fidelity Intl has 310 securities in its portfolio. The top 10 holdings constitute 54.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Strategic Advisers Fidelity Intl is part of the Equity global asset class and is within the International Equity fund group. Strategic Advisers Fidelity Intl has 95.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.5%. There is 95.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Strategic Advisers Fidelity Intl has 1.9% of the portfolio in cash.
Assets Under Management
The fund has $76 billion in total assets, which is above the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FUSIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Strategic Advisers Fidelity Intl expense ratio is below average compared to funds in the Foreign Large Blend category. Strategic Advisers Fidelity Intl has an expense ratio of 0.29%, which is 69% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Strategic Advisers Fidelity Intl has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Strategic Advisers Fidelity Intl returned 0.7%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Strategic Advisers Fidelity Intl has a trailing yield of 2.46%, which is above the 2.17% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Strategic Advisers Fidelity Intl Grades
Year to date, the fund has returned 11.6%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 23.3% over the past year (grade of D), 16.7% over the past three years (grade of B) and 8.9% per year over the past five years (grade of B) and 9.8% per year over the past 10 years (grade of B).
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FUSIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FUSIX Return (NAV) | 0.7% | 4.2% | 23.3% | 16.7% | 8.9% | 9.8% |
| FUSIX Grade | C | C | D | B | B | B |
| +/- Category | 0.0% | -0.3% | -0.9% | 0.8% | 0.5% | 0.7% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| FUSIX Tax Cost Ratio | na | na | 1.3% | 0.9% | 1.1% | 0.9% |
FUSIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FUSIX Return (NAV) | 11.6% | 31.2% | 5.6% | 18.2% | -17.8% | 12.5% | 13.2% | 25.6% | -14.4% | 27.7% | -3.0% |
| FUSIX Grade | C | C | B | B | D | B | B | B | C | B | F |
| +/- Category | -0.1% | 0.6% | 0.8% | 1.9% | -1.4% | 2.3% | 1.4% | 2.7% | 0.8% | 1.3% | -3.9% |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.4% |
| Total Risk Index: | 1.01 - Average |
| Category Risk Index: | 0.96 - Below Average |
| Category Risk Grade: | B (23% Rank) |
| Beta: | 0.85 |
| R-Squared: | 90% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.5% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $76425 Mil |
| Fund Total Assets: | $76,425 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 19.4 years | |||
| Average Tenure: 12.0 years | |||
| Managers (Year): Chilangwa Wilfred (2007), Curtin John (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 310 |
| % in Top 10 Holdings: | 54.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.4% |
Portfolio Allocation |
|
| Domestic Stock: | 2.5% |
| Foreign Stock: | 95.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 1.9% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-544-3455 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | March 8, 2007 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.29% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Strategic Advisers Fidelity Intl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
