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Fidelity ClearPath 2045 Portfolio Series B

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2045 Target Date Portflio

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

2024, 2023, 2022, 2021, 2015

Click for more information on Fundata’s FundGrade

NAVPS
(05-21-2025) 		$25.70
Change
-$0.33 (-1.25%)

As at April 30, 2025

As at March 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2006Jan 2…Jan 2007Jan 2008Jan 2009Jan 2010Jan 2011Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024$10,000$20,000$30,000$40,000$0$50,000$8,000$9,000$11,000$12,000$13,000$14,000$15,000Period

Legend

Fidelity ClearPath 2045 Portfolio Series B

Compare Options

Fund Returns

Inception Return (November 03, 2005): 7.10%

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 -2.33% -5.70% 1.18% -1.32% 10.79% 11.88% 10.05% 6.25% 10.24% 7.88% 7.64% 7.13% 8.29% 7.02%
Benchmark -2.54% -5.91% 0.78% -2.84% 11.49% 12.43% 10.67% 6.78% 9.16% 7.82% 7.95% 7.59% 8.99% 8.19%
Category Average - - - - - - - - - - - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 3.35% 0.69% 2.84% -0.25% 2.52% 0.04% 3.46% -0.89% 4.64% -0.54% -2.92% -2.33%
Benchmark 2.36% 2.01% 3.06% -0.02% 2.38% 0.42% 3.57% 0.16% 3.26% -0.48% -3.00% -2.54%

Best Monthly Return Since Inception

9.00% (November 2020)

Worst Monthly Return Since Inception

-12.82% (September 2008)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 4.77% 5.31% 11.84% -5.37% 17.90% 12.91% 14.09% -13.16% 13.74% 20.44%
Benchmark 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07% 21.57%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

20.44% (2024)

Worst Calendar Return (Last 10 years)

-13.16% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 41.54
US Equity 32.14
Canadian Equity 21.14
Cash and Equivalents 2.63
Canadian Government Bonds 0.99
Other 1.56

Sector Allocation

Sector Allocation
Name Percent
Financial Services 20.43
Technology 16.90
Mutual Fund 13.00
Industrial Goods 8.69
Consumer Services 7.70
Other 33.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 58.22
Europe 23.97
Asia 14.01
Latin America 2.44
Africa and Middle East 0.90
Other 0.46

Top Holdings

Top Holdings
Name Percent
Fidelity International Equity M-Asset Base Fd O -
Fidelity Emerging Markets Fund Series B -
Fidelity Canadian Disciplined Equity Fund Ser O -
Fidelity Insights Investment Trust Series O -
Fidelity International Growth Multi-Asset Ba Fd O -
BC Gwth MA Base - Ser O -
Fidelity American Disciplined Equity Fund O -
Fidelity True North Fund Series B -
Fidelity U.S. Dividend Investment Trust Series O -
Fidelity U.S. Small/Mid-Cap Eq Multi-Asset Ba Fd O -

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return9.69.81010.210.410.610.81111.211.411.611.8124%6%8%10%12%14%

Fidelity ClearPath 2045 Portfolio Series B

Median

Other - 2045 Target Date Portflio

3 Yr Annualized

Standard Deviation 11.51% 11.04% 10.47%
Beta 1.12% 1.11% 1.08%
Alpha -0.02% 0.00% -0.02%
Rsquared 0.95% 0.93% 0.90%
Sharpe 0.55% 0.72% 0.54%
Sortino 1.07% 1.13% 0.63%
Treynor 0.06% 0.07% 0.05%
Tax Efficiency 91.02% 89.58% 85.62%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 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 8.44% 11.51% 11.04% 10.47%
Beta 1.05% 1.12% 1.11% 1.08%
Alpha -0.01% -0.02% 0.00% -0.02%
Rsquared 0.91% 0.95% 0.93% 0.90%
Sharpe 0.82% 0.55% 0.72% 0.54%
Sortino 1.75% 1.07% 1.13% 0.63%
Treynor 0.07% 0.06% 0.07% 0.05%
Tax Efficiency 83.54% 91.02% 89.58% 85.62%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A48.2​48.257.5​57.50%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A54.7​54.758.9​58.90%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A49.4​49.457.5​57.50%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A37.2​37.256.4​56.40%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

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) $146

Fund Codes

FundServ Code Load Code Sales Status
FID745

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 2045 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 92% equity and 8% 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 Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Andrew Dierdorf
  • Brett F. Sumsion
  • Bruno Crocco
Sub-Advisor

-

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

CIBC Mellon Trust Company

State Street Trust Company Canada
Registrar

Fidelity Investments Canada ULC
Distributor

Fidelity Investments Canada ULC

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 2.25%
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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