# EDGAR Filing Document

**Accession Number:** 0001364924
**File Stem:** 0001364924-26-000059
**Filing Date:** 2026-2
**Character Count:** 2834
**Document Hash:** c0287990947a8c332efc14eb51a20233
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001364924-26-000059.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0001364924-26-000059

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Rutland Square Trust II
- **CENTRAL INDEX KEY:** 0001364924

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-139427
- **FILM NUMBER:** 26618805

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Strategic Advisers Municipal Bond Fund (Series ID: S000072234)

---

|  |  |  |
|:---|:---|:---|
| Class Name                             | Ticker Symbol | Class ID   |
| Strategic Advisers Municipal Bond Fund | FSMUX         | C000228148 |

---

## Series and Classes Contracts Data

### Strategic Advisers Municipal Bond Fund (Series ID: S000072234)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000228148 | Strategic Advisers Municipal Bond Fund | FSMUX           |

**Supplement to the Strategic Advisers® Municipal Bond Fund July 30, 2025 Prospectus**

Delaware Investments Fund Advisers (DIFA) no longer serves as a sub-adviser for the fund. The following section is updated to reflect the current listing of sub-advisers, and all other references to DIFA are no longer applicable:

**Investment Adviser**

Strategic Advisers (the Adviser) is the fund's manager. FIAM LLC, MacKay Shields LLC, Massachusetts Financial Services Company, T. Rowe Price Associates, Inc., and Western Asset Management Company, LLC have been retained to serve as sub-advisers for the fund.

FMR Investment Management (UK) Limited (FMR UK), Fidelity Management & Research (Hong Kong) Limited (FMR H.K.), and Fidelity Management & Research (Japan) Limited (FMR Japan) 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.

SAM-PSTK-0226-102 1.9904173.102 February 11, 2026

**Supplement to the**

**Strategic Advisers® Municipal Bond Fund**

**July 30, 2025**

**STATEMENT OF ADDITIONAL INFORMATION**

*Delaware Investments Fund Advisers (DIFA) no longer serves as a sub-adviser for the fund, and all references to DIFA are no longer applicable.*

SAM-SSTK-0226-101-1.9918823.101 February 11, 2026