Strategic Advisers Fidelity Alternatives Fund

S000091045Fidelity 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
C000258440	FSAOX	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 2026-04-27

Report date: 2026-02-28
Net assets: $4,353,418,608.06
Total assets: $4,387,973,355.31
Total liabilities: $34,554,747.25
Assets invested: $33,038,525.43
Cash not reported in C or D: $28,859,912.38
Amendment: No
Accession: 0000035402-26-002695

By asset category

N-PORT Item C.4.a

ECEquity - common$4.24B99.8%

DEDerivative - equity$12.78M0.3%

DCODerivative - commodity$4.69M0.1%

STIVShort-term investment veh…$1.09M0.0%

By asset category

By issuer category

N-PORT Item C.4.b

RFRegistered fund$3.86B90.8%

CORPCorporate$391.39M9.2%

By issuer category

By investment country

as filed

USUS$4.01B95.8%

KRKR$32.32M0.8%

GBGB$25.13M0.6%

ESES$19.62M0.5%

FRFR$19.24M0.5%

CACA$16.00M0.4%

IEIE$12.63M0.3%

AUAU$11.79M0.3%

BMBM$11.41M0.3%

CHCH$9.50M0.2%

TWTW$8.98M0.2%

KYKY$8.75M0.2%

By country

Classification look-through

Positions resolved to the master through ISIN, then rolled up through the taxonomy. 4.6% of reported value reaches a classification.

Not resolved to the master(442)$4.05B95.4%

Equity · Financials(8)$49.47M1.2%

Equity · Consumer Discretionary(8)$37.53M0.9%

Equity · Information Technology(6)$32.45M0.8%

Equity · Health Care(3)$21.50M0.5%

Equity · Materials(3)$17.11M0.4%

Equity · Industrials(2)$15.23M0.4%

Equity · Energy(2)$10.55M0.2%

Equity · Communication Services(1)$6.27M0.1%

Equity · Utilities(1)$3.40M0.1%

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 ($4.25B), not of the fund’s net assets ($4.35B). The two differ by cash, derivatives filed with no market value, and rounding.

Issuer↕	In master	CUSIP / ISIN	Asset	Balance↕	Value↕	Weight▼	Country
SCOR SE	—	— FR0010411983	EC CORP	149,001 NS	$5.44M EUR	0.125%	FR
MICROSOFT CORP	MSFT	594918104 US5949181045	EC CORP	13,838 NS	$5.43M	0.125%	US
ROYAL BANK OF CANADA	RY	780087102 CA7800871021	EC CORP	32,226 NS	$5.39M CAD	0.124%	CA
INTERNATIONAL FLAVORS and FRAGRANCES INC INTERNATIONAL FLAVORS and FRAGRA	IFF	459506101 US4595061015	EC CORP	64,981 NS	$5.34M	0.123%	US
JAMES HARDIE INDUSTRIES PLC JAMES HARDIE INDUSTRES PLC CDI	—	— AU000000JHX1	EC CORP	218,943 NS	$5.33M AUD	0.122%	IE
DOLLAR GEN CORP NEW DOLLAR GENERAL CORP	DG	256677105 US2566771059	EC CORP	33,482 NS	$5.23M	0.120%	US
FRESENIUS SE and CO KGAA	—	— DE0005785604	EC CORP	84,934 NS	$5.11M EUR	0.117%	DE
LION CORP	—	— JP3965400009	EC CORP	419,500 NS	$4.94M JPY	0.113%	JP
AUTOLIV INC	ALV	052800109 US0528001094	EC CORP	40,396 NS	$4.79M	0.110%	US
TOTALENERGIES SE	TTE	— FR0000120271	EC CORP	59,828 NS	$4.76M EUR	0.109%	FR
SSE PLC	—	— GB0007908733	EC CORP	129,281 NS	$4.67M GBP	0.107%	GB
VOLVO AB VOLVO AB SER B	—	928856301 SE0000115446	EC CORP	116,931 NS	$4.55M SEK	0.105%	SE
STEEL DYNAMICS INC	STLD	858119100 US8581191009	EC CORP	23,152 NS	$4.47M	0.103%	US
PDD HOLDINGS INC PDD HOLDINGS INC ADR	PDD	722304102 US7223041028	EC CORP	40,377 NS	$4.19M	0.096%	KY
INSULET CORP	PODD	45784P101 US45784P1012	EC CORP	16,177 NS	$3.99M	0.092%	US
KONE OYJ KONE OYJ B	—	— FI0009013403	EC CORP	49,635 NS	$3.75M EUR	0.086%	FI
FLUIDRA SA	—	— ES0137650018	EC CORP	134,799 NS	$3.61M EUR	0.083%	ES
COMPAGNIE DE ST GOBAIN ST GOBAIN CIE DE	—	— FR0000125007	EC CORP	35,188 NS	$3.57M EUR	0.082%	FR
KT CORP	—	— KR7030200000	EC CORP	78,516 NS	$3.49M KRW	0.080%	KR
NRG ENERGY INC	NRG	629377508 US6293775085	EC CORP	19,010 NS	$3.40M	0.078%	US
ORICA LTD	—	— AU000000ORI1	EC CORP	185,470 NS	$3.22M AUD	0.074%	AU
NN GROUP NV	—	— NL0010773842	EC CORP	39,126 NS	$3.20M EUR	0.074%	NL
NEXTPOWER INC	NXT	65290E101 US65290E1010	EC CORP	29,163 NS	$3.07M	0.070%	US
ARITZIA INC	—	04045U102 CA04045U1021	EC CORP	34,470 NS	$3.05M CAD	0.070%	CA
AUTO TRADER GROUP PLC AUTOTRADER GROUP PLC	—	— GB00BVYVFW23	EC CORP	452,334 NS	$3.00M GBP	0.069%	GB
LCI INDUSTRIES	LCII	50189K103 US50189K1034	EC CORP	22,279 NS	$2.97M	0.068%	US
NIFCO INC	—	654101104 JP3756200006	EC CORP	77,500 NS	$2.75M JPY	0.063%	JP
CARNIVAL CORP	—	143658300 PA1436583006	EC CORP	79,585 NS	$2.51M	0.058%	PA
AMER SPORTS INC	AS	— KYG0260P1028	EC CORP	61,481 NS	$2.34M	0.054%	KY
FULL TRUCK ALLIANCE CO LTD FULL TRUCK ALLIANCE CO LTD ADR	YMM	35969L108 US35969L1089	EC CORP	237,022 NS	$2.22M	0.051%	KY
FAR EASTONE TELECOMMUNICATIONS CO LTD FAR EASTONE TELECOM CO LTD	—	— TW0004904008	EC CORP	713,000 NS	$2.09M TWD	0.048%	TW
DSM FIRMENICH AG	—	— CH1216478797	EC CORP	28,317 NS	$2.02M EUR	0.046%	CH
JAPAN EXCHANGE GROUP INC TOPIX INDX FUTR MAR26 TPH6	—	— —	DE CORP	44 NC	$1.30M JPY	0.030%	JP
ICE-ICE FUTURES LTD BRENT CRUDE FUTR MAY26 COK6	—	— GB00H7Q1B518	DCO CORP	235 NC	$1.29M	0.030%	GB
MONTREAL EXCHANGE (THE) S and P/TSX 60 IX FUT MAR26 PTH6	—	— —	DE CORP	105 NC	$1.23M CAD	0.028%	CA
Fidelity Revere Street Trust Fidelity Cash Central Fund	—	31635A105 US31635A1051	STIV RF	1,088,179.74 NS	$1.09M	0.025%	US
EUREX DEUTSCHLAND DAX INDEX FUTURE MAR26 GXH6	—	— DE000C7PX4V6	DE CORP	39 NC	$1.05M EUR	0.024%	DE
EUREX DEUTSCHLAND SWISS MKT IX FUTR MAR26 SMH6	—	— DE000C7PYG26	DE CORP	105 NC	$958.9K CHF	0.022%	DE
CHICAGO MERCANTILE EXCH INC MEXICAN PESO FUT MAR26 PEH6	—	— —	DFE CORP	814 NC	$808.2K	0.019%	US
CHICAGO BOARD OPTIONS EXCHANGE S and P 500 INDX PUT 4300 02/19/2027	—	— —	DE CORP	144 NC	$779.8K	0.018%	US
ITALIAN DERIVATIVES MARKET FTSE/MIB IDX FUT MAR26 STH6	—	— IT0023394130	DE CORP	59 NC	$778.8K EUR	0.018%	IT
CHICAGO BOARD OPTIONS EXCHANGE S and P 500 INDX PUT 6500 05/15/2026	—	— —	DE CORP	79 NC	$777.4K	0.018%	US
CHICAGO BOARD OPTIONS EXCHANGE S and P 500 INDX PUT 6650 04/17/2026	—	— —	DE CORP	85 NC	$767.5K	0.018%	US
CHICAGO BOARD OPTIONS EXCHANGE S and P 500 INDX PUT 4600 01/15/2027	—	— —	DE CORP	126 NC	$764.2K	0.018%	US
CHICAGO BOARD OPTIONS EXCHANGE S and P 500 INDX PUT 4450 12/18/2026	—	— —	DE CORP	145 NC	$717.8K	0.016%	US
NEW YORK MERCANTILE EXCHANGE WTI CRUDE FUTURE APR26 CLJ6	—	— —	DCO CORP	130 NC	$702.9K	0.016%	US
MORGAN STANLEY and CO. INTERNATIONAL PLC SIEMENS ENERGY AG (MS) (CFD)	—	— —	DO CORP	52,250 NC	$633.3K EUR	0.015%	GB
COMMODITY EXCHANGE INC GOLD 100 OZ FUTR APR26 GCJ6	—	— —	DCO CORP	59 NC	$553.6K	0.013%	US
CHICAGO MERCANTILE EXCH INC BP CURRENCY FUT MAR26 BPH6	—	— —	DFE CORP	1,181 NC	$549.2K	0.013%	US
UBS AG LONDN BRANCH FUJI ELECTRIC (UBS CFD)	—	— —	DO CORP	96,400 NC	$480.8K JPY	0.011%	GB