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2035+ Target Date

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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
(04-12-2024)
$16.06
Change
-$0.15 (-0.95%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Fidelity ClearPath 2050 Portfolio Series B

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Fund Returns

Inception Return (July 09, 2014): 7.33%

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 3.25% 0.90% -1.24% 8.72% 16.42% 7.72% 5.75% 12.74% 8.28% 7.37% 7.42% 8.01% 6.63% -
Benchmark 2.30% 7.76% 16.43% 7.76% 17.03% 8.32% 6.28% 10.74% 8.09% 7.66% 7.94% 8.66% 7.72% 8.79%
Category Average 2.53% 15.19% 15.19% 6.99% 13.66% 5.52% 5.67% 11.60% 7.57% 6.86% 6.77% - - -
Category Rank 14 / 60 12 / 60 11 / 58 12 / 60 13 / 58 11 / 52 13 / 51 11 / 41 11 / 41 12 / 31 12 / 31 11 / 22 11 / 22 -
Quartile Ranking 1 1 1 1 1 1 2 2 2 2 2 2 2 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.68% -2.65% 2.67% 2.39% -1.13% -3.57% -1.24% 6.55% 2.58% 0.90% 4.36% 3.25%
Benchmark 1.47% -1.16% 1.58% 2.43% 0.23% -3.90% -0.20% 5.87% 2.26% 1.06% 4.23% 2.30%

Best Monthly Return Since Inception

9.01% (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 - 4.82% 5.29% 11.82% -5.39% 17.89% 12.94% 14.09% -13.15% 13.73%
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 - 3 4 2 4 3 2 2 3 1
Category Rank - 16/ 22 17/ 22 14/ 31 26/ 31 24/ 41 20/ 41 21/ 51 31/ 52 12/ 55

Best Calendar Return (Last 10 years)

17.89% (2019)

Worst Calendar Return (Last 10 years)

-13.15% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 38.83
US Equity 28.72
Canadian Equity 22.82
Canadian Government Bonds 4.78
Cash and Equivalents 2.53
Other 2.32

Sector Allocation

Sector Allocation
Name Percent
Technology 19.91
Financial Services 17.15
Consumer Services 7.75
Healthcare 7.43
Consumer Goods 6.93
Other 40.83

Geographic Allocation

Geographic Allocation
Name Percent
North America 60.62
Europe 20.82
Asia 14.30
Latin America 2.13
Multi-National 1.30
Other 0.83

Top Holdings

Top Holdings
Name Percent
Fidelity Insights Investment Trust Series O -
Fidelity Canadian Disciplined Equity Fund Ser O -
Fidelity Emerging Markets Fund Series B -
Fidelity International Equity M-Asset Base Fd O -
Fidelity International Equity Investment Trust O -
Fidelity True North Fund Series B -
Fidelity American Disciplined Equity Fund O -
Fidelity International Disciplined Equity Fd B -
Fidelity Cdn Govt LgBondIdx Multi-Asset Base OC$ -
Fidelity U.S. Dividend Investment Trust Series 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)

Fidelity ClearPath 2050 Portfolio Series B

Median

Other - 2035+ Target Date

3 Yr Annualized

Standard Deviation 12.04% 12.57% -
Beta 1.09% 1.18% -
Alpha -0.01% -0.01% -
Rsquared 0.93% 0.93% -
Sharpe 0.31% 0.54% -
Sortino 0.42% 0.69% -
Treynor 0.03% 0.06% -
Tax Efficiency 89.56% 90.55% -
Volatility 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 10.31% 12.04% 12.57% -
Beta 1.15% 1.09% 1.18% -
Alpha -0.03% -0.01% -0.01% -
Rsquared 0.93% 0.93% 0.93% -
Sharpe 1.07% 0.31% 0.54% -
Sortino 2.45% 0.42% 0.69% -
Treynor 0.10% 0.03% 0.06% -
Tax Efficiency 97.00% 89.56% 90.55% -

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 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) $22

Fund Codes

FundServ Code Load Code Sales Status
FID2543

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 2050 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
Andrew Dierdorf 07-09-2014
Brett F. Sumsion 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 2.27%
Management Fee 1.85%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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