Strategic Advisers Fidelity U.S. Total Stock Fund

S000061481Fidelity Rutland Square Trust IICIK 0001364924

Share classes

1 class of this one portfolio · 0 exchange-listed

Class ID	Symbol	Status	Security in the master	Type
C000199108	FCTDX	NOT_LISTED	not exchange-listed	—

The share-class bridge is a snapshot, not history. The SEC's fund share-class file says what each class trades as today, not what it traded as at a past report date. A fund that changed ticker or converted from a mutual fund resolves to its present-day symbol for every historical month shown.

Share classes

Report period

1 period filed. Holdings below describe the selected month only.

2026-02-28

Filing

NPORT-P · filed 2026-04-24

Report date: 2026-02-28
Net assets: $220,847,796,440.71
Total assets: $223,930,154,406.57
Total liabilities: $3,082,357,965.86
Assets invested: $0
Cash not reported in C or D: $29,815,085.46
Amendment: No
Accession: 0000035402-26-002691

By asset category

N-PORT Item C.4.a

ECEquity - common$216.24B97.1%

STIVShort-term investment veh…$4.42B2.0%

DBTDebt$1.70B0.8%

ABS-CBDOAsset-backed: collaterali…$362.28M0.2%

ABS-MBSAsset-backed: mortgage-ba…$60.10M0.0%

EPEquity - preferred$21.57M0.0%

DIRDerivative - interest rate-$5.63M-0.0%

DEDerivative - equity-$41.96M-0.0%

By asset category

By issuer category

N-PORT Item C.4.b

CORPCorporate$122.03B54.8%

RFRegistered fund$100.08B44.9%

USTUS Treasury$627.73M0.3%

NUSSNon-US sovereign$3.62M0.0%

By issuer category

By investment country

as filed

USUS$210.90B95.2%

GBGB$2.99B1.3%

IEIE$2.21B1.0%

CACA$1.55B0.7%

TWTW$983.90M0.4%

CHCH$686.47M0.3%

NLNL$636.02M0.3%

KYKY$484.65M0.2%

BEBE$331.36M0.1%

BMBM$314.05M0.1%

FRFR$270.23M0.1%

JPJP$230.71M0.1%

By country

Classification look-through

Positions resolved to the master through ISIN, then rolled up through the taxonomy. 51.0% of reported value reaches a classification.

Not resolved to the master(839)$108.33B48.6%

Equity · Information Technology(189)$36.15B16.2%

Equity · Financials(186)$17.43B7.8%

Equity · Industrials(186)$13.81B6.2%

Equity · Health Care(168)$11.56B5.2%

Equity · Consumer Discretionary(138)$10.65B4.8%

Equity · Consumer Staples(65)$6.23B2.8%

Equity · Communication Services(35)$4.48B2.0%

Equity · Energy(58)$3.97B1.8%

Equity · Materials(69)$3.40B1.5%

Equity · Utilities(43)$2.71B1.2%

Equity · Real Estate(62)$2.33B1.0%

Equity(3)$971.83M0.4%

Resolved, not yet classified(22)$722.07M0.3%

Alternative · Digital Asset(2)$14.21M0.0%

Classification covers part of the master. 5,771 of 13,106 active securities are classified. Anything unclassified is shown as its own band rather than dropped, so a look-through total that falls short of 100% is telling you about coverage, not about the fund.

Percentages are of the reported value of positions above ($222.75B), not of the fund’s net assets ($220.85B). The two differ by cash, derivatives filed with no market value, and rounding.

Classification look-through

Holdings

2,065 positions in this filing

Issuer nameAsset categoryIssuer category

Holdings

Issuer↕	In master	CUSIP / ISIN	Asset	Balance↕	Value↕	Weight▲	Country
NVE CORP	NVEC	629445206 US6294452064	EC CORP	13,959 NS	$960.9K	0.000%	US
DARDEN RESTAURANTS INC	DRI	237194105 US2371941053	EC CORP	4,494 NS	$961.0K	0.000%	US
SYNCHRONY FINANCIAL	SYF	87165B103 US87165B1035	EC CORP	13,915 NS	$961.7K	0.000%	US
BROWN and BROWN INC BROWN and BROWN INC 4.7% 06/23/2028	—	115236AJ0 US115236AJ01	DBT CORP	956,000 PA	$965.0K	0.000%	US
WILLIAMS-SONOMA INC	WSM	969904101 US9699041011	EC CORP	4,705 NS	$967.6K	0.000%	US
FORD CR FLOORPLN MAST OWN TR A FORD CR FLOORPLN MAST OWN TR A 4.92% 05/15/20…	—	34528QHV9 US34528QHV95	ABS-CBDO CORP	986,000 PA	$988.0K	0.000%	US
CINCINNATI FINANCIAL CORP	CINF	172062101 US1720621010	EC CORP	6,028 NS	$988.5K	0.000%	US
LIVE NATION ENTERTAINMENT INC	LYV	538034109 US5380341090	EC CORP	6,100 NS	$989.1K	0.000%	US
EQUITABLE FINANCIAL LIFE GLOBAL FUNDING EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 1.3% …	—	29449W7M3 US29449W7M32	DBT CORP	1,000,000 PA	$990.2K	0.000%	US
THE TORONTO DOMINION BANK TORONTO DOMINION BANK 1.2% 06/03/2026	—	89114TZD7 US89114TZD70	DBT CORP	1,000,000 PA	$992.9K	0.000%	CA
SPX TECHNOLOGIES INC	SPXC	78473E103 US78473E1038	EC CORP	4,376 NS	$993.1K	0.000%	US
DUKE ENERGY CORP NEW DUKE ENERGY CORP NEW 2.65% 09/01/2026	—	26441CAS4 US26441CAS44	DBT CORP	1,000,000 PA	$993.4K	0.000%	US
BOSSARD HOLDING AG BOSSARD HLDG AG (BR)	—	— CH0238627142	EC CORP	4,612 NS	$994.6K CHF	0.000%	CH
ALTECH CORP	—	— JP3126350002	EC CORP	59,000 NS	$996.7K JPY	0.000%	JP
IMPERIAL BRANDS FINANCE PLC IMPERIAL BRANDS FINANCE PLC 3.5% 07/26/2026 1…	—	45262BAB9 US45262BAB99	DBT CORP	1,000,000 PA	$996.8K	0.000%	GB
NORCONSULT AS	—	— NO0013052209	EC CORP	234,600 NS	$1.00M NOK	0.000%	NO
ENTERPRISE FLEET FINANCING 2024-4 LLC ENTERPRISE FLEET FINANCING 2024-4 LLC 4.56% 1…	—	29374MAC2 US29374MAC29	ABS-CBDO CORP	991,000 PA	$1.00M	0.000%	US
NEWMARK GROUP INC NEWMARK GROUP INC CL A	NMRK	65158N102 US65158N1028	EC CORP	69,589 NS	$1.01M	0.000%	US
SAIA INC	SAIA	78709Y105 US78709Y1055	EC CORP	2,500 NS	$1.01M	0.000%	US
GRUMA SAB DE CV GRUMA SAB CL B	—	— MXP4948K1056	EC CORP	56,600 NS	$1.01M MXN	0.000%	MX
AMERICAN WATER WORKS CO INC AMERICAN WATER WRKS COMPANY	AWK	030420103 US0304201033	EC CORP	7,538 NS	$1.03M	0.000%	US
QNITY ELECTRONICS INC	Q	74743L100 US74743L1008	EC CORP	8,091 NS	$1.03M	0.000%	US
WELLS FARGO COML MTG TR 2025-VTT WELLS FARGO COML MTG TR 2025-VTT A VAR 03/15/…	—	94990GAA7 US94990GAA76	ABS-MBS CORP	1,017,000 PA	$1.03M	0.000%	US
FIRSTENERGY CORP	FE	337932107 US3379321074	EC CORP	20,086 NS	$1.03M	0.000%	US
BA CR CARD TR BA CR CARD TR 4.98% 11/15/2028	—	05522RDH8 US05522RDH84	ABS-CBDO CORP	1,026,000 PA	$1.03M	0.000%	US
PICKLES HOLDINGS CO LTD	—	— JP3801810007	EC CORP	132,000 NS	$1.04M JPY	0.000%	JP
BLP COML MTG 2024-INDS BLP COML MTG 2024-IND2 A TSFR1M+139.208 03/15…	—	05625AAA9 US05625AAA97	ABS-MBS CORP	1,046,833.43 PA	$1.05M	0.000%	US
REACH ABS TR 2025-2 REACH ABS TR 2025-2 4.93% 08/18/2032 144A	—	75525QAA8 US75525QAA85	ABS-CBDO CORP	1,044,440.66 PA	$1.05M	0.000%	US
BENCHMARK 2019-B9 MTG TR BENCHMARK 2019-B9 MTG TR 3.9325% 03/15/2052	—	08160JAF4 US08160JAF49	ABS-MBS CORP	1,054,134.26 PA	$1.05M	0.000%	US
WEAVE COMMUNICATIONS INC	WEAV	94724R108 US94724R1086	EC CORP	209,935 NS	$1.06M	0.000%	US
TRACTOR SUPPLY CO TRACTOR SUPPLY CO.	TSCO	892356106 US8923561067	EC CORP	20,414 NS	$1.06M	0.000%	US
PPG INDUSTRIES INC	PPG	693506107 US6935061076	EC CORP	8,669 NS	$1.07M	0.000%	US
GS MTG SECS TR 2017-GS7 GS MTG SECS TR 2017-GS7 3.203% 08/10/2050	—	36254CAW0 US36254CAW01	ABS-MBS CORP	1,075,387.64 PA	$1.07M	0.000%	US
GMF FLOORPLAN OWNER REVOLVING TR GMF FLOORPLAN OWNER REVOLVING TR 4.73% 11/15/…	—	361886DQ4 US361886DQ44	ABS-CBDO CORP	1,055,000 PA	$1.07M	0.000%	US
CLEARWAY ENERGY INC	—	18539C105 US18539C1053	EC CORP	29,800 NS	$1.07M	0.000%	US
NISSAN MASTER OWNER TR RECEIVABLE NISSAN MASTER OWNER TR RECEIVABLE 5.05% 02/15…	—	65479VAB2 US65479VAB27	ABS-CBDO CORP	1,063,000 PA	$1.07M	0.000%	US
METTLER-TOLEDO INTL INC	MTD	592688105 US5926881054	EC CORP	789 NS	$1.08M	0.000%	US
BAE SYSTEMS PLC BAE SYSTEMS PLC 5% 03/26/2027 144A	—	05523RAH0 US05523RAH03	DBT CORP	1,066,000 PA	$1.08M	0.000%	GB
UST BILLS UST BILLS 0% 04/16/2026	—	912797QD2 US912797QD26	DBT UST	1,100,000 PA	$1.10M	0.000%	US
D-WAVE QUANTUM INC	QBTS	26740W109 US26740W1099	EC CORP	58,800 NS	$1.10M	0.001%	US
UST BILLS UST BILLS 0% 05/14/2026	—	912797QN0 US912797QN08	DBT UST	1,114,000 PA	$1.11M	0.001%	US
DEXCOM INC	DXCM	252131107 US2521311074	EC CORP	15,068 NS	$1.11M	0.001%	US
GMF FLOORPLAN OWNER REVOLVING TR GMF FLOORPLAN OWNER REVOLVING TR 5.73% 06/15/…	—	361886CT9 US361886CT91	ABS-CBDO CORP	1,104,000 PA	$1.11M	0.001%	US
CLIMB GLOBAL SOLUTIONS INC	CLMB	946760105 US9467601053	EC CORP	11,768 NS	$1.11M	0.001%	US
VERISK ANALYTICS INC	VRSK	92345Y106 US92345Y1064	EC CORP	5,384 NS	$1.12M	0.001%	US
WORKDAY INC WORKDAY INC CL A	WDAY	98138H101 US98138H1014	EC CORP	8,384 NS	$1.12M	0.001%	US
GAMING AND LEISURE PROPERTIES INC GAMING AND LEISURE PROPRTI INC	GLPI	36467J108 US36467J1088	EC CORP	23,175 NS	$1.13M	0.001%	US
PFIZER INC PFIZER INC CVR RT	—	— —	EC CORP	208,784 NS	$1.13M	0.001%	US
ATMOS ENERGY CORP	ATO	049560105 US0495601058	EC CORP	6,202 NS	$1.16M	0.001%	US
SANTANDER HLDGS USA INC SANTANDER HLDGS USA INC 6.124%/VAR 05/31/2027	—	80282KBK1 US80282KBK16	DBT CORP	1,162,000 PA	$1.17M	0.001%	US

Issuer↕

In master

CUSIP / ISIN

Asset

Balance↕

Value↕

Weight▲

Country

NVE CORP

NVEC

629445206

US6294452064

CORP

13,959 NS

$960.9K

0.000%

DARDEN RESTAURANTS INC

DRI

237194105

US2371941053

CORP

4,494 NS

$961.0K

0.000%

SYNCHRONY FINANCIAL

SYF

87165B103

US87165B1035

CORP

13,915 NS

$961.7K

0.000%

BROWN and BROWN INC

BROWN and BROWN INC 4.7% 06/23/2028

—

115236AJ0

US115236AJ01

DBT

CORP

956,000 PA

$965.0K

0.000%

WILLIAMS-SONOMA INC

WSM

969904101

US9699041011

CORP

4,705 NS

$967.6K

0.000%

FORD CR FLOORPLN MAST OWN TR A

FORD CR FLOORPLN MAST OWN TR A 4.92% 05/15/20…

—

34528QHV9

US34528QHV95

ABS-CBDO

CORP

986,000 PA

$988.0K

0.000%

CINCINNATI FINANCIAL CORP

CINF

172062101

US1720621010

CORP

6,028 NS

$988.5K

0.000%

LIVE NATION ENTERTAINMENT INC

LYV

538034109

US5380341090

CORP

6,100 NS

$989.1K

0.000%

EQUITABLE FINANCIAL LIFE GLOBAL FUNDING

EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 1.3% …

—

29449W7M3

US29449W7M32

DBT

CORP

1,000,000 PA

$990.2K

0.000%

THE TORONTO DOMINION BANK

TORONTO DOMINION BANK 1.2% 06/03/2026

—

89114TZD7

US89114TZD70

DBT

CORP

1,000,000 PA

$992.9K

0.000%

SPX TECHNOLOGIES INC

SPXC

78473E103

US78473E1038

CORP

4,376 NS

$993.1K

0.000%

DUKE ENERGY CORP NEW

DUKE ENERGY CORP NEW 2.65% 09/01/2026

—

26441CAS4

US26441CAS44

DBT

CORP

1,000,000 PA

$993.4K

0.000%

BOSSARD HOLDING AG

BOSSARD HLDG AG (BR)

—

CH0238627142

CORP

4,612 NS

$994.6K

CHF

0.000%

ALTECH CORP

—

JP3126350002

CORP

59,000 NS

$996.7K

JPY

0.000%

IMPERIAL BRANDS FINANCE PLC

IMPERIAL BRANDS FINANCE PLC 3.5% 07/26/2026 1…

—

45262BAB9

US45262BAB99

DBT

CORP

1,000,000 PA

$996.8K

0.000%

NORCONSULT AS

—

NO0013052209

CORP

234,600 NS

$1.00M

NOK

0.000%

ENTERPRISE FLEET FINANCING 2024-4 LLC

ENTERPRISE FLEET FINANCING 2024-4 LLC 4.56% 1…

—

29374MAC2

US29374MAC29

ABS-CBDO

CORP

991,000 PA

$1.00M

0.000%

NEWMARK GROUP INC

NEWMARK GROUP INC CL A

NMRK

65158N102

US65158N1028

CORP

69,589 NS

$1.01M

0.000%

SAIA INC

SAIA

78709Y105

US78709Y1055

CORP

2,500 NS

$1.01M

0.000%

GRUMA SAB DE CV

GRUMA SAB CL B

—

MXP4948K1056

CORP

56,600 NS

$1.01M

MXN

0.000%

AMERICAN WATER WORKS CO INC

AMERICAN WATER WRKS COMPANY

AWK

030420103

US0304201033

CORP

7,538 NS

$1.03M

0.000%

QNITY ELECTRONICS INC

74743L100

US74743L1008

CORP

8,091 NS

$1.03M

0.000%

WELLS FARGO COML MTG TR 2025-VTT

WELLS FARGO COML MTG TR 2025-VTT A VAR 03/15/…

—

94990GAA7

US94990GAA76

ABS-MBS

CORP

1,017,000 PA

$1.03M

0.000%

FIRSTENERGY CORP

337932107

US3379321074

CORP

20,086 NS

$1.03M

0.000%

BA CR CARD TR

BA CR CARD TR 4.98% 11/15/2028

—

05522RDH8

US05522RDH84

ABS-CBDO

CORP

1,026,000 PA

$1.03M

0.000%

PICKLES HOLDINGS CO LTD

—

JP3801810007

CORP

132,000 NS

$1.04M

JPY

0.000%

BLP COML MTG 2024-INDS

BLP COML MTG 2024-IND2 A TSFR1M+139.208 03/15…

—

05625AAA9

US05625AAA97

ABS-MBS

CORP

1,046,833.43 PA

$1.05M

0.000%

REACH ABS TR 2025-2

REACH ABS TR 2025-2 4.93% 08/18/2032 144A

—

75525QAA8

US75525QAA85

ABS-CBDO

CORP

1,044,440.66 PA

$1.05M

0.000%

BENCHMARK 2019-B9 MTG TR

BENCHMARK 2019-B9 MTG TR 3.9325% 03/15/2052

—

08160JAF4

US08160JAF49

ABS-MBS

CORP

1,054,134.26 PA

$1.05M

0.000%

WEAVE COMMUNICATIONS INC

WEAV

94724R108

US94724R1086

CORP

209,935 NS

$1.06M

0.000%

TRACTOR SUPPLY CO

TRACTOR SUPPLY CO.

TSCO

892356106

US8923561067

CORP

20,414 NS

$1.06M

0.000%

PPG INDUSTRIES INC

PPG

693506107

US6935061076

CORP

8,669 NS

$1.07M

0.000%

GS MTG SECS TR 2017-GS7

GS MTG SECS TR 2017-GS7 3.203% 08/10/2050

—

36254CAW0

US36254CAW01

ABS-MBS

CORP

1,075,387.64 PA

$1.07M

0.000%

GMF FLOORPLAN OWNER REVOLVING TR

GMF FLOORPLAN OWNER REVOLVING TR 4.73% 11/15/…

—

361886DQ4

US361886DQ44

ABS-CBDO

CORP

1,055,000 PA

$1.07M

0.000%

CLEARWAY ENERGY INC

—

18539C105

US18539C1053

CORP

29,800 NS

$1.07M

0.000%

NISSAN MASTER OWNER TR RECEIVABLE

NISSAN MASTER OWNER TR RECEIVABLE 5.05% 02/15…

—

65479VAB2

US65479VAB27

ABS-CBDO

CORP

1,063,000 PA

$1.07M

0.000%

METTLER-TOLEDO INTL INC

MTD

592688105

US5926881054

CORP

789 NS

$1.08M

0.000%

BAE SYSTEMS PLC

BAE SYSTEMS PLC 5% 03/26/2027 144A

—

05523RAH0

US05523RAH03

DBT

CORP

1,066,000 PA

$1.08M

0.000%

UST BILLS

UST BILLS 0% 04/16/2026

—

912797QD2

US912797QD26

DBT

UST

1,100,000 PA

$1.10M

0.000%

D-WAVE QUANTUM INC

QBTS

26740W109

US26740W1099

CORP

58,800 NS

$1.10M

0.001%

UST BILLS

UST BILLS 0% 05/14/2026

—

912797QN0

US912797QN08

DBT

UST

1,114,000 PA

$1.11M

0.001%

DEXCOM INC

DXCM

252131107

US2521311074

CORP

15,068 NS

$1.11M

0.001%

GMF FLOORPLAN OWNER REVOLVING TR

GMF FLOORPLAN OWNER REVOLVING TR 5.73% 06/15/…

—

361886CT9

US361886CT91

ABS-CBDO

CORP

1,104,000 PA

$1.11M

0.001%

CLIMB GLOBAL SOLUTIONS INC

CLMB

946760105

US9467601053

CORP

11,768 NS

$1.11M

0.001%

VERISK ANALYTICS INC

VRSK

92345Y106

US92345Y1064

CORP

5,384 NS

$1.12M

0.001%

WORKDAY INC

WORKDAY INC CL A

WDAY

98138H101

US98138H1014

CORP

8,384 NS

$1.12M

0.001%

GAMING AND LEISURE PROPERTIES INC

GAMING AND LEISURE PROPRTI INC

GLPI

36467J108

US36467J1088

CORP

23,175 NS

$1.13M

0.001%

PFIZER INC

PFIZER INC CVR RT

—

CORP

208,784 NS

$1.13M

0.001%

ATMOS ENERGY CORP

ATO

049560105

US0495601058

CORP

6,202 NS

$1.16M

0.001%

SANTANDER HLDGS USA INC

SANTANDER HLDGS USA INC 6.124%/VAR 05/31/2027

—

80282KBK1

US80282KBK16

DBT

CORP

1,162,000 PA

$1.17M

0.001%