Strategic Advisers Fidelity International Fund (FUSIX) is an open-end mutual fund that seeks capital appreciation by investing primarily in non-U.S. securities, including common stocks of issuers located in emerging markets; it normally invests at least 80% of assets in such foreign equities through direct investments via sub-advisers or indirectly via underlying Fidelity international funds. The fund allocates assets among a diversified portfolio of approximately 313 holdings spanning multiple sectors such as financials, industrials, consumer goods, health care, and consumer services, with exposure to developed markets like Japan, Britain, France, and Germany as well as emerging regions; it targets large blend stocks in the top 70% market cap range of each economically integrated market, maintaining less than 20% in U.S. securities. Managed by Fidelity Investments since its inception on March 8, 2007, with headquarters in Boston, Massachusetts, the fund oversees total assets of approximately $57.4 billion, features a net expense ratio of 0.32%, and exhibits a portfolio turnover rate of 40%.
In recent developments, the fund continues to operate under its established multi-manager structure with no reported mergers, acquisitions, or major strategic shifts in the last 1-2 years; Fidelity Investments has maintained its role as the fund company amid broader firm updates, such as appointing National Financial Services LLC as a securities lending agent effective August 18, 2025, across various Fidelity funds, though specific application to FUSIX remains unconfirmed. The fund sustains its focus on foreign large blend strategies without recent name changes, new product launches, or funding rounds, reflecting stable operations amid its year-to-date return of approximately 25.95% as of late 2025.