Fidelity Rutland Square Trust II

09/15/2025 | Press release | Distributed by Public on 09/15/2025 13:49

Summary Prospectus by Investment Company (Form 497K)

Supplement to the
Strategic Advisers® Short Duration Fund
July 30, 2025
Summary Prospectus
Effective January 1, 2026, the following information replaces similar information found in the "Fund Summary" section under the "Principal Investment Strategies" heading.
  • 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.
ASD-SUSTK-0925-100
1.9921440.100
September 15, 2025
Fidelity Rutland Square Trust II published this content on September 15, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 15, 2025 at 19:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]