Fidelity Rutland Square Trust II

04/01/2026 | Press release | Distributed by Public on 04/01/2026 07:39

Prospectus by Investment Company (Form 497)

Supplement to the
Strategic Advisers® Fidelity® Emerging Markets Fund
July 30, 2025
Prospectus
Antonio Martinez no longer serves as Co-Portfolio Manager of the fund.
The following information replaces similar information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.
Wilfred Chilangwa (Lead Portfolio Manager) has managed the fund since 2018.
Sean McCarthy (Co-Portfolio Manager) has managed the fund since 2026.
The following information replaces the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.
Wilfred Chilangwa is Lead Portfolio Manager of Strategic Advisers® Fidelity® Emerging Markets Fund, which he has managed since 2018. He also manages other funds. Since joining Fidelity Investments in 1997, Mr. Chilangwa has worked as a senior fund analyst, an international strategist, and portfolio manager.
Sean McCarthy is Co-Portfolio Manager of Strategic Advisers® Fidelity® Emerging Markets Fund, which he has managed since 2026. Since joining Fidelity Investments in 2000, Mr. McCarthy has worked as a team leader/research analyst and portfolio manager.
STE-PSTK-0426-103
1.9904827.103
April 1, 2026
Fidelity Rutland Square Trust II published this content on April 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 01, 2026 at 13:39 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]