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                <creditUser fundName="Fidelity Asset Manager 50%" secFileNo="811-21991"/>
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                <creditUser fundName="STRATEGIC ADVISERS VALUE MULTI-MANAGER FUND" secFileNo="811-21991"/>
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                <creditUser fundName="Select Retailing Portfolio" secFileNo="811-21991"/>
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                <creditUser fundName="SELECT SOFTWARE and IT Services Portfolio" secFileNo="811-21991"/>
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                <creditUser fundName="Fidelity Large Cap Value Index Fund" secFileNo="811-21991"/>
                <creditUser fundName="Fidelity Advisor Real Estate Fund" secFileNo="811-21991"/>
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                <creditUser fundName="Fidelity International Discovery Fund" secFileNo="811-21991"/>
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                <creditUser fundName="Fidelity Series International Small Cap Fund" secFileNo="811-21991"/>
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        <pricingServices>
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                <creditUser fundName="STRATEGIC ADVISERS GROWTH MULTI-MANAGER FUND" secFileNo="811-21991"/>
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                <creditUser fundName="Select Banking Portfolio" secFileNo="811-21991"/>
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        <subAdvisersTerminated>
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            <subAdviserTerminatedName>Geode Capital Management, LLC</subAdviserTerminatedName>
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          <subAdviserTerminated>
            <subAdviserTerminatedName>FIAM LLC</subAdviserTerminatedName>
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          <subAdviserTerminated>
            <subAdviserTerminatedName>Loomis, Sayles &amp; Company, L.P.</subAdviserTerminatedName>
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            <subAdviserTerminatedName>Waddell &amp; Reed Investment Management Company</subAdviserTerminatedName>
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            <subAdviserTerminatedName>Massachusetts Financial Services Company</subAdviserTerminatedName>
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            <subAdviserTerminatedName>ClariVest Asset Management LLC</subAdviserTerminatedName>
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            <transferAgentName>FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS COMPANY, INC</transferAgentName>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>REFINITIV US HOLDINGS INC</pricingServiceName>
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          <pricingService>
            <pricingServiceName>INTERCONTINENTAL EXCHANGE INC</pricingServiceName>
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            <adminName>FIDELITY SERVICE COMPANY</adminName>
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            <brokerDealerName>LUMINEX TRADING and ANALYTICS LLC</brokerDealerName>
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            <brokerName>WEEDEN &amp; CO., L.P.</brokerName>
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            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
            <grossCommission>266.79000000</grossCommission>
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          <broker>
            <brokerName>AXA SA</brokerName>
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          <broker>
            <brokerName>B. RILEY &amp; CO., INC.</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>250.90000000</grossCommission>
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          <broker>
            <brokerName>Liquidnet Inc.</brokerName>
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            <brokerName>JPMORGAN CHASE and CO</brokerName>
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          <broker>
            <brokerName>CREDIT SUISSE GRP AG</brokerName>
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            <brokerCountry>CH</brokerCountry>
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          <broker>
            <brokerName>WELLS FARGO and CO</brokerName>
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            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
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          <broker>
            <brokerName>EVERCORE INC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>366.62000000</grossCommission>
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          <broker>
            <brokerName>GOLDMAN SACHS GROUP INC (THE)</brokerName>
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            <brokerCrdNo>N/A</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>223.18000000</grossCommission>
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          <broker>
            <brokerName>BANK OF AMERICA CORPORATION.</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>9DJT3UXIJIZJI4WXO774</brokerLei>
            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
            <grossCommission>5005.23000000</grossCommission>
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        <aggregateCommission>17380.50000000</aggregateCommission>
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          <principalTransaction>
            <principalName>NOMURA HOLDINGS INC</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>549300B3CEAHYG7K8164</principalLei>
            <principalCountry>JP</principalCountry>
            <principalTotalPurchaseSale>89771.75000000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>BARCLAYS PLC (UNGTD)</principalName>
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            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>213800LBQA1Y9L22JB70</principalLei>
            <principalCountry>GB</principalCountry>
            <principalTotalPurchaseSale>39837.93000000</principalTotalPurchaseSale>
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        </principalTransactions>
        <principalAggregatePurchase>129609.68000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>0.00000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>STRATEGIC ADVISERS VALUE MULTI-MANAGER FUND</mgmtInvFundName>
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        <mgmtInvLei>549300SY64O8GWVEDZ60</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisersTerminated>
          <investmentAdviserTerminated>
            <investmentAdviserTerminatedName>STRATEGIC ADVISERS LLC</investmentAdviserTerminatedName>
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            <investAdviserTerminatedCrdNo>000104555</investAdviserTerminatedCrdNo>
            <investAdviserTerminatedLei>5493007OHNIWYDN8JF76</investAdviserTerminatedLei>
            <investmentAdviserTerminatedStateCountry investmentAdviserTerminatedState="US-MA" investmentAdviserTerminatedCountry="US"/>
            <investAdviserTerminationDate>2018-12-12</investAdviserTerminationDate>
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        </investmentAdvisersTerminated>
        <subAdvisersTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>FIAM LLC</subAdviserTerminatedName>
            <subAdviserTerminatedFileNo>801-63658</subAdviserTerminatedFileNo>
            <subAdviserTerminatedCrdNo>000133196</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>5493004TXEKSUW10AL66</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-RI" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2018-12-12</subAdviserTerminationDate>
          </subAdviserTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Geode Capital ManagemenT, LLC</subAdviserTerminatedName>
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            <subAdviserTerminatedCrdNo>000115504</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>549300R46G1X232ODH36</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-MA" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2018-12-12</subAdviserTerminationDate>
          </subAdviserTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Boston Partners Global Investors, Inc.</subAdviserTerminatedName>
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            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-MA" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2018-12-12</subAdviserTerminationDate>
          </subAdviserTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>J.P. Morgan Investment Management Inc.</subAdviserTerminatedName>
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            <subAdviserTerminatedCrdNo>000107038</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>549300W78QHV4XMM6K69</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-NY" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2018-12-12</subAdviserTerminationDate>
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          <subAdviserTerminated>
            <subAdviserTerminatedName>LSV Asset Management</subAdviserTerminatedName>
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            <subAdviserTerminatedLei>EOAQF6H83OMJLRM1LZ09</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-IL" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2018-12-12</subAdviserTerminationDate>
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          <subAdviserTerminated>
            <subAdviserTerminatedName>Brandywine Global Investment Management, LLC</subAdviserTerminatedName>
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            <subAdviserTerminationDate>2018-12-12</subAdviserTerminationDate>
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          <subAdviserTerminated>
            <subAdviserTerminatedName>Aristotle Capital Management, LLC</subAdviserTerminatedName>
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            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-CA" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2018-12-12</subAdviserTerminationDate>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS COMPANY, INC</transferAgentName>
            <transferAgentFileNo>084-01839</transferAgentFileNo>
            <transferAgentLei>549300XVSM8LN3LQOK63</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>INTERCONTINENTAL EXCHANGE INC</pricingServiceName>
            <pricingServiceLei>5493000F4ZO33MV32P92</pricingServiceLei>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>REFINITIV US HOLDINGS INC</pricingServiceName>
            <pricingServiceLei>549300NF240HXJO7N016</pricingServiceLei>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
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          <custodian>
            <custodianName>DEUTSCHE BANK</custodianName>
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            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodianName>STATE STREET BANK AND TRUST COMPANY</custodianName>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodianName>HSBC AUSTRALIA</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodianName>HSBC JAPAN</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodianName>BANK HAPOALIM BM</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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          <custodian>
            <custodianName>STATE STREET TRUST CO CDA CDSX</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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          <custodian>
            <custodianName>CREDIT SUISSE ZURICH</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodianName>STANDARD CHARTERED BANK</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
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            <shareholderServiceAgentName>FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS COMPANY, INC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>549300XVSM8LN3LQOK63</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>FIDELITY SERVICE COMPANY</adminName>
            <adminLei>549300LT256P1KNTYF28</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>LIQUIDNET INC.</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>131.05000000</grossCommission>
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          <broker>
            <brokerName>CANACCORD GENUITY GROUP INC</brokerName>
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            <brokerCrdNo>N/A</brokerCrdNo>
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            <brokerCountry>CA</brokerCountry>
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          <broker>
            <brokerName>UBS GROUP AG</brokerName>
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            <brokerCrdNo>N/A</brokerCrdNo>
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            <brokerCountry>CH</brokerCountry>
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          <broker>
            <brokerName>B. RILEY &amp; CO., INC.</brokerName>
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          <broker>
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            <brokerCountry>AU</brokerCountry>
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          <broker>
            <brokerName>CAPITAL INSTITUTIONAL SERVICES , INC.</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-TX" brokerCountry="US"/>
            <grossCommission>74.48000000</grossCommission>
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          <broker>
            <brokerName>BANK OF AMERICA CORPORATION.</brokerName>
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            <brokerCrdNo>N/A</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
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          <broker>
            <brokerName>CREDIT SUISSE GRP AG</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
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            <brokerCountry>CH</brokerCountry>
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          <broker>
            <brokerName>WEEDEN and CO., L.P.</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>549300OYBLKSN8M8EW67</brokerLei>
            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
            <grossCommission>1157.26000000</grossCommission>
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          <broker>
            <brokerName>GOLDMAN SACHS GROUP INC (THE)</brokerName>
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            <brokerCrdNo>N/A</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>72.77000000</grossCommission>
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        </brokers>
        <aggregateCommission>6347.68000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>NOMURA HOLDINGS INC</principalName>
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            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>549300B3CEAHYG7K8164</principalLei>
            <principalCountry>JP</principalCountry>
            <principalTotalPurchaseSale>9986.05000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BARCLAYS PLC (UNGTD)</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>213800LBQA1Y9L22JB70</principalLei>
            <principalCountry>GB</principalCountry>
            <principalTotalPurchaseSale>49922.12000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>59908.17000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>0.00000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <signature registrantSignedName="FIDELITY RUTLAND SQUARE TRUST II" signedDate="2019-08-02" signature="Adrien E. Deberghes" title="President and Treasurer"/>
  </formData>
</edgarSubmission>
