Strategic Advisers Tax-Sensitive Short Duration Fund

Asset mix

DBT: 79.9% · EC: 19.8% · STIV: 0.3%

Financial position

Total assets: $3.21B
Total liabilities: $33.2M
Net assets: $3.18B
Assets attributable to miscellaneous securities: $0
Assets invested in controlled foreign corporations: $0
Borrowings payable within one year: $0
Payable to controlled companies within one year: $0
Payable to other affiliates within one year: $0
Other liabilities payable within one year: $0
Borrowings payable after one year: $0
Payable to controlled companies after one year: $0
Payable to other affiliates after one year: $0
Other liabilities payable after one year: $0
Payables for delayed-delivery investments: $11.8M
Payables for standby commitments: $0
Liquidation preference of outstanding preferred stock: $0
Cash not reported in Parts C or D: $616K

Monthly flows and gains

	Month 1	Month 2	Month 3
Sales	$67.8M	$100M	$221M
Reinvestment	$1.08K	$973	$949
Redemptions	$67.5M	$65.1M	$45.2M
Net realized gain (non-derivative)	$-8.04K	$151K	$30.1K
Net unrealized appreciation (non-derivative)	$1.57M	$-6.88M	$1.81M

The three months of the reporting period, as filed; month 3 ends August 31, 2026.

Credit spread risk (change in value per 1bp spread move)

Tenor	Investment grade	Non-investment grade
3 months	$26.4K	$2.04K
1 year	$111K	$6.71K
5 years	$60.5K	$4.38K
10 years	$1.04K	$764
30 years	$0.16	$116

Filing details

Registrant: Fidelity Rutland Square Trust Ii
Registrant CIK: 1364924
Registrant LEI: 1KZ3JN58GDRI3EZKKG06
Series: Strategic Advisers Tax-Sensitive Short Duration Fund
Series ID: S000060103
Series LEI: 54930086GR32D7U2PQ68
SEC file number: 811-21991
Address: 245 Summer Street, Boston, US-MA, 02210, US
Phone: 1-800-FIDELITY
Form: NPORT-P
Filed: October 26, 2026
Report period ends: May 31, 2027
Report month ends: August 31, 2026
Accession number: 000003540226006896

Holding	Value	% of net assets
Fidelity Colchester Street Trust EC	$242M	7.62%
Vanguard Mun Bd Fd Inc EC	$204M	6.42%
J P Morgan Exchange-traded Fd Tr EC	$70.3M	2.21%
Federated Fixed Inc Secs Inc EC	$65.5M	2.06%
Fidelity Salem Street Trust EC	$45.2M	1.42%
Port Port Arthur Tx Nav Dist E DBT	$40.6M	1.28%
Phoenix Ariz Indl Dev Auth Solid Waste Disp Rev DBT	$37.4M	1.18%
Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev DBT	$19.8M	0.62%
Southcentral Pa Gen Auth Rev DBT	$15M	0.47%
Massachusetts Hsg Fin Agy DBT	$15M	0.47%
Dallas Fort Worth Tx Intl Arpt DBT	$13.5M	0.42%
Public Fin Auth Wis Sld Waste DBT	$12.9M	0.41%
Cumberland Cnty Nc DBT	$12.4M	0.39%
Main Str Nat Gas Inc Ga Gas Supply Rev DBT	$12M	0.38%
Tender Opt Bd Tr Rcpts / Ctfs Var Sts DBT	$11.6M	0.36%
Black Belt Energy Gas Dist Alagas Proj Rev DBT	$11.4M	0.36%
Chandler Az Indl Deve Auth Idr DBT	$11.4M	0.36%
Mizuho Floater / Residual Tr Var Sts DBT	$11.1M	0.35%
Philadelphia Pa Sch Dist DBT	$10.8M	0.34%
Fidelity Revere Street Trust STIV	$10.6M	0.33%
California Stwd Cmnty Dv Au Rv DBT	$10.4M	0.33%
Pennsylvania Econ Dev Sld Wst DBT	$10.4M	0.33%
Missouri St Hefa Edl Facs Rev DBT	$10.3M	0.32%
Tender Opt Bd Tr Rcpts / Ctfs Var Sts DBT	$10.2M	0.32%
Kentucky Higher Ed Student Ln Corp Student Ln Rev DBT	$10.2M	0.32%
Missouri St Pub Utils Commn Rev DBT	$10.1M	0.32%
Fort Bend Tx Indpt Sch Dist DBT	$10M	0.31%
Michigan St Bldg Auth Rev DBT	$10M	0.31%
New York St Dorm Auth Revs Nonst Supported Debt DBT	$10M	0.31%
Black Belt Energy Gas Dist Alagas Proj Rev DBT	$9.91M	0.31%
New York State Housing Finance Agency DBT	$9.89M	0.31%
St James Parish La Rev DBT	$9.6M	0.30%
Fayette County School District/ky DBT	$9.49M	0.30%
Black Belt Energy Gas Dist Alagas Proj Rev DBT	$9.47M	0.30%
Ohio St Air Quality Dev Auth DBT	$9.18M	0.29%
Colorado Hsg And Fin Auth Multifamily Hsg Rev DBT	$9.09M	0.29%
Appling Cnty Ga Dev Auth Pcr DBT	$9.09M	0.29%
Miami-dade Cnty Fl Sch Dist DBT	$9.04M	0.28%
Trimble Cnty Ky Environmental Facs Rev DBT	$9.01M	0.28%
Harris Cnty Tx Cultural Ed Facs Fin Corp Rev DBT	$9M	0.28%
Black Belt Energy Gas Dist Alagas Proj Rev DBT	$8.77M	0.28%
New Hampshire Health And Ed Facsauth Rev Memorial Hosp DBT	$8.64M	0.27%
Northside Tx Indpt Sch Dist DBT	$8.54M	0.27%
Denton Texas Isd DBT	$8.47M	0.27%
Allen Cnty Oh Hosp Facs Rev DBT	$8.43M	0.27%
Poughkeepsie Ny City Sch Dist DBT	$8.16M	0.26%
Michigan St Hosp Fin Auth Re DBT	$8.12M	0.26%
Kentucky Inc Ky Pub Energy Auth Gas Supply Rev DBT	$8.05M	0.25%
Indiana Fin Auth Health Sys Rev DBT	$8.04M	0.25%
Geisinger Auth Pa Hlth Sys Rev DBT	$7.98M	0.25%
Pima Cnty Az Ida Multifamily DBT	$7.96M	0.25%
Philadelphia Pa Auth For Indl Dev Revs DBT	$7.9M	0.25%
Black Belt Energy Gas Dist Ala Gas Supply Rev DBT	$7.87M	0.25%
Dallas Fort Worth Tx Intl Arpt DBT	$7.85M	0.25%
Mission Tx Econimc Dev Corp Solid Waste Disp Rev DBT	$7.8M	0.25%
Gouverneur Ny Cent Sch Dist DBT	$7.76M	0.24%
Louisville Jeff Co Ky Rgapt Au DBT	$7.6M	0.24%
Chicago Il Ohare Intl Arpt Rev DBT	$7.55M	0.24%
Chandler Az Indl Deve Auth Idr DBT	$7.47M	0.23%
Main Str Nat Gas Inc Ga Gas Supply Rev DBT	$7.42M	0.23%

Showing top 60 of 1162 holdings.