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Fidelity ClearPath 2040 Portfolio Series B

2035+ Target Date

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2015, 2014

Click for more information on Fundata’s FundGrade

NAVPS
(05-24-2024)
$23.39
Change
$0.07 (0.30%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity ClearPath 2040 Portfolio Series B

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Fund Returns

Inception Return (November 03, 2005): 6.70%

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 -1.41% 5.32% 15.61% 6.01% 11.16% 8.42% 3.93% 9.35% 6.72% 6.64% 6.20% 7.61% 6.30% 6.85%
Benchmark -1.69% 4.83% 14.69% 5.94% 13.39% 10.26% 5.25% 8.59% 7.10% 7.38% 7.04% 8.68% 7.83% 8.60%
Category Average -1.76% 14.60% 14.60% 5.10% 10.06% 7.12% 4.47% 8.95% 6.67% 6.53% 6.05% - - -
Category Rank 22 / 61 24 / 61 25 / 59 25 / 61 23 / 59 19 / 52 25 / 51 19 / 41 22 / 41 18 / 31 19 / 31 16 / 22 16 / 22 8 / 12
Quartile Ranking 2 2 2 2 2 2 2 2 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.54% 2.39% 2.08% -1.08% -3.46% -1.16% 6.25% 2.64% 0.65% 3.78% 2.94% -1.41%
Benchmark -1.16% 1.58% 2.43% 0.23% -3.90% -0.20% 5.87% 2.26% 1.06% 4.23% 2.30% -1.69%

Best Monthly Return Since Inception

8.92% (November 2020)

Worst Monthly Return Since Inception

-12.73% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.83% 4.82% 5.35% 11.85% -5.37% 17.90% 12.80% 13.57% -13.31% 12.80%
Benchmark 13.13% 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07%
Category Average - - - 9.84% -4.94% 15.96% 11.33% 14.69% -10.61% 10.61%
Quartile Ranking 4 3 3 2 4 3 3 3 3 2
Category Rank 10/ 12 15/ 22 15/ 22 12/ 31 24/ 31 22/ 41 24/ 41 31/ 51 36/ 52 19/ 55

Best Calendar Return (Last 10 years)

17.90% (2019)

Worst Calendar Return (Last 10 years)

-13.31% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 36.61
US Equity 27.99
Canadian Equity 19.24
Canadian Government Bonds 6.65
Canadian Bonds - Other 3.44
Other 6.07

Sector Allocation

Sector Allocation
Name Percent
Technology 18.21
Financial Services 15.91
Fixed Income 12.95
Healthcare 6.43
Consumer Services 6.36
Other 40.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 62.91
Europe 20.50
Asia 12.96
Multi-National 1.72
Latin America 1.37
Other 0.54

Top Holdings

Top Holdings
Name Percent
Fidelity Insights Investment Trust Series O -
Fidelity International Equity M-Asset Base Fd O -
Fidelity Canadian Disciplined Equity Fund Ser O -
Fidelity Emerging Markets Fund Series B -
Fidelity International Equity Investment Trust O -
Fidelity American Disciplined Equity Fund O -
Fidelity Canadian Bond Fund Series O -
Fidelity True North Fund Series B -
Fidelity International Disciplined Equity Fd B -
Fidelity U.S. Dividend Investment Trust Series O -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: .
Period: 

Risk vs Return (3 Yr)

Fidelity ClearPath 2040 Portfolio Series B

Median

Other - 2035+ Target Date

3 Yr Annualized

Standard Deviation 11.55% 12.26% 10.09%
Beta 1.04% 1.15% 1.02%
Alpha -0.01% -0.01% -0.02%
Rsquared 0.93% 0.93% 0.88%
Sharpe 0.15% 0.43% 0.57%
Sortino 0.19% 0.52% 0.62%
Treynor 0.02% 0.05% 0.06%
Tax Efficiency 83.76% 86.72% 87.08%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.02% 11.55% 12.26% 10.09%
Beta 1.05% 1.04% 1.15% 1.02%
Alpha -0.03% -0.01% -0.01% -0.02%
Rsquared 0.93% 0.93% 0.93% 0.88%
Sharpe 0.63% 0.15% 0.43% 0.57%
Sortino 1.53% 0.19% 0.52% 0.62%
Treynor 0.06% 0.02% 0.05% 0.06%
Tax Efficiency 95.66% 83.76% 86.72% 87.08%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

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) $197

Fund Codes

FundServ Code Load Code Sales Status
FID740

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 2040 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 85% equity and 15% fixed income. 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
Andrew Dierdorf 11-03-2005
Fidelity Investments Money Management Inc. 01-01-2006
Fidelity International Limited 01-01-2006
Pyramis Global Advisors Trust Company 01-01-2006
Fidelity Management Trust Company 01-01-2006
Fidelity Management and Research (FMR) Company 01-01-2006
Pyramis Global Advisors LLC 01-01-2006
Brett F. Sumsion 03-22-2017
Bruno Crocco 02-21-2020

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 2.27%
Management Fee 1.85%
Load Back 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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