Strategic Advisers Short Duration Fund (Strategic Advisers Short Durati) Fonds

The fund normally invests in U.S. dollar-denominated money market and investment-grade debt securities, and repurchase agreements. It maintains a dollar-weighted average maturity of three years or less. The fund allocates among affiliated fixed-income funds and non-affiliated fixed-income funds that typically participate in Fidelity's FundsNetwork®, and non-affiliated ETFs and sub-advisers. It allocates assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the FTSE 6-Month U.S. Treasury Bill Index.