Fidelity Rutland Square Trust II

09/15/2025 | Press release | Distributed by Public on 09/15/2025 13:48

Summary Prospectus by Investment Company (Form 497K)

Supplement to the
Strategic Advisers® Emerging Markets Fund
April 29, 2025
Summary Prospectus
T. Rowe Price Singapore Private Ltd. no longer serves as a sub-subadviser for the fund. The following section is updated to reflect the current listing of sub-subadvisers, and all other references to T. Rowe Price Singapore Private Ltd. are no longer applicable:
Investment Adviser
Strategic Advisers (the Adviser) is the fund's manager. Acadian Asset Management LLC, Causeway Capital Management LLC, FIAM LLC, FIL Investment Advisors, Fidelity Diversifying Solutions LLC, Geode Capital Management, LLC, Schroder Investment Management North America Inc., and T Rowe Price Associates, Inc. have been retained to serve as sub-advisers for the fund.
FIL Investment Advisors (UK) Limited (FIA(UK)), FMR Investment Management (UK) Limited (FMR UK), Fidelity Management & Research (Hong Kong) Limited (FMR H.K.), Fidelity Management & Research (Japan) Limited (FMR Japan), and Schroder Investment Management North America Limited (SIMNA Ltd.) have been retained to serve as sub-subadvisers for the fund.
The Adviser may change a sub-adviser's asset allocation at any time, including allocating no assets to, or terminating the sub-advisory contract with, a sub-adviser.
SAE-SUSTK-0925-106
1.9879803.106
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 19:48 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]