(As of 9/30/2025)

Fidelity ClearPath 2040 Portfolio Series B

(2040 Target Date Portfolio)

FundGrade A+^® Rating recipient
For more information about FundGrade click here

2014

Inception Return (11/3/2005)	7.49 %
YTD Return	14.24 %

NAVPS (10/21/2025)	$27.35
Change	($0.19) / -0.67 %

Growth of $10,000 (As of September 30, 2025)

MER	2.23 %
Assets ($mil)	$2,727.00
Rank (1Yr)	4/16
Std Dev (3Yr)	12.06 %
Volatility Ranking (3Yr)	5/10
RRSP Eligibility	Yes
Load	Back Fee Only
Max Front End	5.00 %
Max Back End	-
Sales Status	Open

Objective

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.

Fund Manager

Fidelity Investments Canada ULC

Portfolio Manager

Andrew Dierdorf, Fidelity Investments Canada ULC

Brett F. Sumsion, Fidelity Investments Canada ULC

Bruno Crocco, Fidelity Investments Canada ULC

Sub-Advisor

Pyramis Global Advisors LLC

Pyramis Global Advisors Trust Company

Fidelity International Limited

Fidelity Investments Money Management Inc.

Fidelity Management and Research (FMR) Company

Fidelity Management Trust Company

Asset Allocation
(As of June 30, 2025)

Sector Allocation
(As of June 30, 2025)

Geographic Allocation
(As of June 30, 2025)

Top 10 Holdings

Name	Asset	Sector	Geographic	Percent
Fidelity Emerging Markets Fund Series B	International Equity	Mutual Fund	Multi-National	0.00%
Fidelity International Equity M-Asset Base Fd O	International Equity	Mutual Fund	Multi-National	0.00%
Fidelity Insights Investment Trust Series O	US Equity	Mutual Fund	United States	0.00%
Fidelity Canadian Disciplined Equity Fund Ser O	Canadian Equity	Mutual Fund	Canada	0.00%
Fidelity Canadian Bond Multi-Asset Base Fund Ser O	Domestic Bonds	Fixed Income	Canada	0.00%
BC Gwth MA Base - Ser O	US Equity	Mutual Fund	United States	0.00%
Fidelity International Growth Multi-Asset Ba Fd O	International Equity	Mutual Fund	Multi-National	0.00%
Fidelity True North Fund Series B	Canadian Equity	Mutual Fund	Canada	0.00%
Fidelity International Value Multi-Asset Base Fd O	International Equity	Mutual Fund	Multi-National	0.00%
Fidelity American Disciplined Equity Fund O	US Equity	Mutual Fund	United States	0.00%

Performance Data (As of September 30, 2025)

	Return (%)				Annualized Return (%)
Return	1 Mth	3 Mth	6 Mth	YTD	1 Yr	3 Yr	5 Yr	10 Yr
Fund	4.19	7.78	12.90	14.24	16.56	17.85	10.60	8.60
Benchmark	4.09	8.05	12.57	12.21	16.90	18.96	10.47	9.68
Quartile Ranking	1	2	1	1	1	1	2	-

Calendar Return (%)	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Fund	17.91	12.80	-13.31	13.57	12.80	17.90	-5.37	11.85	5.35	4.82
Benchmark	21.57	15.07	-12.03	11.33	12.17	16.29	0.72	11.99	3.66	17.03
Quartile Ranking	1	1	3	3	-	-	-	-	-	-

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