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Fidelity ClearPath 2020 Portfolio Series B

Short Term Target Date

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018, 2017, 2016, 2015, 2014

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NAVPS
(04-17-2024)
$14.79
Change
-$0.02 (-0.13%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity ClearPath 2020 Portfolio Series B

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Fund Returns

Inception Return (November 03, 2005): 4.62%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.88% 3.11% 10.34% 3.11% 6.87% 1.87% 0.63% 5.10% 3.15% 3.10% 3.40% 4.01% 3.26% 4.03%
Benchmark 1.39% 0.66% 8.93% 0.66% 4.90% 0.98% 1.16% 3.50% 2.76% 3.30% 3.07% 3.37% 2.86% 3.53%
Category Average 1.38% 9.18% 9.18% 2.04% 5.73% 1.59% 1.06% 4.14% 2.81% 2.93% 2.98% 3.35% 2.76% 3.26%
Category Rank 6 / 31 9 / 31 7 / 31 9 / 31 13 / 31 17 / 31 22 / 31 13 / 31 14 / 27 16 / 25 15 / 25 8 / 20 8 / 16 8 / 16
Quartile Ranking 1 2 1 2 2 3 3 2 3 3 3 2 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.94% -1.88% 1.04% 0.59% -0.93% -2.88% -0.73% 5.01% 2.66% -0.38% 1.60% 1.88%
Benchmark 1.40% -2.45% 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39%

Best Monthly Return Since Inception

5.85% (April 2020)

Worst Monthly Return Since Inception

-9.98% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 8.40% 4.02% 3.68% 8.40% -3.44% 12.23% 9.53% 5.18% -12.97% 7.61%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.33% 2.28% 3.50% 5.50% -1.54% 9.36% 8.07% 4.82% -10.41% 6.75%
Quartile Ranking 2 3 2 2 4 2 2 3 4 2
Category Rank 8/ 16 9/ 16 10/ 20 7/ 25 22/ 25 7/ 27 11/ 31 18/ 31 27/ 31 13/ 31

Best Calendar Return (Last 10 years)

12.23% (2019)

Worst Calendar Return (Last 10 years)

-12.97% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 27.96
Canadian Government Bonds 22.85
Canadian Bonds - Other 16.11
US Equity 10.55
Canadian Equity 10.34
Other 12.19

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 48.64
Mutual Fund 9.40
Technology 8.67
Financial Services 7.81
Consumer Services 3.33
Other 22.15

Geographic Allocation

Geographic Allocation
Name Percent
North America 71.78
Europe 10.25
Multi-National 9.13
Asia 7.40
Latin America 1.09
Other 0.35

Top Holdings

Top Holdings
Name Percent
Sov Bd Idx H MA - Ser O -
Fidelity Canadian Bond Fund Series O -
Fid Gl Infla Hdgd - Ser O -
Fidelity Cdn Real Ret Bd Idx Mult Asset Base Fd O -
Fidelity Emerging Markets Fund Series B -
Fidelity Canadian Disciplined Equity Fund Ser O -
Fidelity International Equity M-Asset Base Fd O -
Fidelity Canadian Short Term Bond Fund Series B -
Fidelity Insights Investment Trust Series O -
Fidelity Cdn Govt LgBondIdx Multi-Asset Base OC$ -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity ClearPath 2020 Portfolio Series B

Median

Other - Short Term Target Date

3 Yr Annualized

Standard Deviation 8.51% 8.62% 7.14%
Beta 1.08% 1.09% 1.09%
Alpha -0.01% 0.00% 0.00%
Rsquared 0.91% 0.87% 0.81%
Sharpe -0.19% 0.18% 0.40%
Sortino -0.33% 0.08% 0.24%
Treynor -0.02% 0.01% 0.03%
Tax Efficiency - 64.64% 77.36%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.38% 8.51% 8.62% 7.14%
Beta 0.91% 1.08% 1.09% 1.09%
Alpha 0.02% -0.01% 0.00% 0.00%
Rsquared 0.92% 0.91% 0.87% 0.81%
Sharpe 0.29% -0.19% 0.18% 0.40%
Sortino 0.95% -0.33% 0.08% 0.24%
Treynor 0.02% -0.02% 0.01% 0.03%
Tax Efficiency 89.56% - 64.64% 77.36%

Fund Details

Start Date November 03, 2005
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $317

Fund Codes

FundServ Code Load Code Sales Status
FID702

Investment Objectives

Aims to achieve high total investment return. The Portfolio uses a dynamic asset allocation strategy and invests primarily in underlying funds. These underlying funds generally invest in equity securities, fixed income securities and/or money market instruments. From inception, through to its target date in 2020 and for a period of approximately 20 years thereafter, an increasing proportion of the Portfolio’s assets are invested in securities of fixed income funds and money market funds.

Investment Strategy

To meet the Portfolio’s objectives, the portfolio management team: Invests primarily in underlying funds, including other Fidelity Funds and ETFs. Follows a neutral mix guideline of approximately 43% equity, 52% fixed income and 5% money market instruments and short-term bonds. Depending on market conditions, may vary the asset mix by up to +/-10% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Pyramis Global Advisors Trust Company 11-11-2008
State Street Global Advisors Ltd. 11-11-2008
Fidelity Investments Money Management Inc. 11-11-2008
Pyramis Global Advisors LLC 11-11-2008
Pyramis Canada ULC 11-11-2008
Fidelity International Limited 11-11-2008
Fidelity Investments Canada ULC 11-12-2021

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.17%
Management Fee 1.70%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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