Investment objective & strategy
As of Sept. 15, 2025 · prospectusObjective. Strategic Advisers Short Duration Fund seeks to obtain a high level of current income consistent with preservation of capital.
Strategy. Normally investing in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.Allocating assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the Bloomberg U.S. 1-3 Year Government/Credit Bond Index. Normally investing in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.Allocating assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the Bloomberg U.S. 1-3 Year Government/Credit Bond Index.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Baird Short-Term Bond Inst | — | $313.70M | 9.49% |
| PIMCO Short-Term Instl | — | $279.33M | 8.45% |
| JPM ULTRA-SHT IN | JPST | $253.93M | 7.69% |
| US TREASURY N/B | — | $250.72M | 7.59% |
| ISHARES 3-7 YEAR TSY. BD. | IEI | $221.54M | 6.71% |
| T. Rowe Price Ultra Short-Term Bond | — | $202.28M | 6.12% |
| PIMCO ENHANCED L | — | $185.75M | 5.62% |
| US TREASURY N/B | — | $109.94M | 3.33% |
| US TREASURY N/B | — | $106.84M | 3.23% |
| US TREASURY N/B | — | $85.73M | 2.59% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| T. Rowe Price Short-Term Bond Fund, Inc. · PRWBX, PASHX, TBSIX, TRZOX | 24% | 0.00% |
| Fidelity SAI Short-Term Bond Fund · FZOMX | 23% | 0.21% |
| JNL/T. Rowe Price Short-Term Bond Fund | 21% | 0.42% |
Advisers
| Firm | Role |
|---|---|
| T. Rowe Price Associates, Inc. | Sub-adviser |
| Strategic Advisers LLC | Adviser |
| FIAM LLC | Sub-adviser |
Footnotes
- Expense ratio as of July 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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