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Fidelity ClearPath 2055 Portfolio Series B

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2035+ Target Date

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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.

NAVPS
(11-19-2024) 		$17.89
Change
-$0.02 (-0.13%)

As at October 31, 2024

As at September 30, 2024

As at July 31, 2024

Period
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Legend

Fidelity ClearPath 2055 Portfolio Series B

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Fund Returns

Inception Return (July 09, 2014): 7.66%

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 0.04% 2.31% 9.48% 17.43% 28.35% 18.32% 5.59% 10.42% 9.27% 9.50% 7.58% 8.19% 7.84% 7.72%
Benchmark 0.42% 2.79% 10.62% 17.20% 26.88% 18.07% 6.92% 9.55% 8.96% 9.52% 8.24% 8.84% 8.53% 9.24%
Category Average 0.19% 2.76% 9.63% 15.22% 25.63% 14.58% 5.45% 9.57% 8.47% 8.73% 7.07% 7.50% - -
Category Rank 49 / 64 56 / 64 47 / 61 17 / 61 18 / 59 12 / 55 19 / 52 13 / 51 13 / 41 15 / 41 14 / 31 13 / 31 12 / 22 12 / 22
Quartile Ranking 4 4 4 2 2 1 2 2 2 2 2 2 3 3

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 6.55% 2.59% 0.90% 4.35% 3.25% -1.34% 3.35% 0.68% 2.84% -0.25% 2.52% 0.04%
Benchmark 5.87% 2.26% 1.06% 4.23% 2.30% -1.69% 2.36% 2.01% 3.06% -0.02% 2.38% 0.42%

Best Monthly Return Since Inception

9.00% (November 2020)

Worst Monthly Return Since Inception

-10.45% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 4.70% 5.29% 11.79% -5.40% 17.84% 12.90% 14.06% -13.17% 13.70%
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 4 2 4 3 3 2 3 1
Category Rank - 18/ 22 18/ 22 15/ 31 27/ 31 25/ 41 23/ 41 24/ 51 33/ 52 13/ 55

Best Calendar Return (Last 10 years)

17.84% (2019)

Worst Calendar Return (Last 10 years)

-13.17% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 41.03
US Equity 33.49
Canadian Equity 21.83
Cash and Equivalents 1.60
Canadian Government Bonds 0.70
Other 1.35

Sector Allocation

Sector Allocation
Name Percent
Mutual Fund 20.25
Technology 16.54
Financial Services 16.09
Industrial Goods 7.54
Healthcare 6.38
Other 33.20

Geographic Allocation

Geographic Allocation
Name Percent
North America 58.48
Europe 17.88
Asia 14.26
Multi-National 6.78
Latin America 1.50
Other 1.10

Top Holdings

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

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 2055 Portfolio Series B

Median

Other - 2035+ Target Date

3 Yr Annualized

Standard Deviation 11.88% 12.50% 10.35%
Beta 1.10% 1.18% 1.04%
Alpha -0.02% -0.01% -0.02%
Rsquared 0.94% 0.93% 0.88%
Sharpe 0.22% 0.59% 0.62%
Sortino 0.41% 0.81% 0.73%
Treynor 0.02% 0.06% 0.06%
Tax Efficiency 90.46% 92.36% -
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 7.65% 11.88% 12.50% 10.35%
Beta 1.08% 1.10% 1.18% 1.04%
Alpha -0.01% -0.02% -0.01% -0.02%
Rsquared 0.92% 0.94% 0.93% 0.88%
Sharpe 2.72% 0.22% 0.59% 0.62%
Sortino 13.43% 0.41% 0.81% 0.73%
Treynor 0.19% 0.02% 0.06% 0.06%
Tax Efficiency 98.49% 90.46% 92.36% -

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.

View the full methodology

Fund Details

Start Date July 09, 2014
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $16

Fund Codes

FundServ Code Load Code Sales Status
FID2549

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 2055 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 Manager(s)

Name Start Date
Brett F. Sumsion 07-09-2014
Andrew Dierdorf 07-09-2014
Bruno Crocco 02-21-2020

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar Fidelity Investments Canada ULC
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

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

Fees

MER 2.29%
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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