Fidelity ClearPath® 2010 Portfolio

Investment Strategy

The objective of the portfolio is to seek high total return, primarily through investments in a combination of underlying Fidelity Funds using a roll-down asset allocation strategy until its target retirement date. Thereafter the portfolio's objective will be to seek current income and, as a secondary objective, capital appreciation.

Performance

Performance for this series is not available at this time.

Performance

Annual compound performance – as at 31-Mar-2014

  Fund Morningstar
Quartile*§
Benchmark
1 month -0.16% 4 0.18%
3 month 2.18% 4 2.93%
6 month 5.65% 3 6.36%
1 year 7.34% 2 8.01%
2 year 6.26% 2 6.97%
3 year 5.00% 3 5.49%
5 year 7.52% 2 8.17%
7 year 3.30% 3.78%
10 year
YTD 2.18% 4 2.93%
Since Inception 4.22% 4.92%

Calendar year performance – as at 31-Mar-2014

Growth of $10,000 since inception³ – as at 31-Mar-2014

Fund risk measures – as at 31-Mar-2014
  Fund Benchmark
Annual Standard Deviation 2.99 3.18
Beta 0.92
0.96

Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.) 

Volatility meter

A fund’s volatility is determined using a statistical measure called “standard deviation". Standard deviation measures the amount of variability of returns that has historically occurred relative to the average return. The higher the standard deviation of a fund, the greater the range of returns it has experienced in the past. Other types of risk, both measurable and non-measurable, exist. In addition, just as historical performance may not be indicative of future returns, a fund’s historical volatility may not be indicative of its future volatility.

Fund facts

NAVPU – Series B

$12.65 – as at 23-Apr-2014

Series inception date

03-Nov-2005

Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$172.6 million
as at 31-Mar-2014

Management expense ratio - Series B

2.01% – as at 31-Dec-2013

Approximate target allocation
as at 28-Feb-2014
Canadian Equity Funds 14.0%
Fidelity Canadian Disciplined Equity Fund 4.5%
Fidelity True North Fund 4.5%
Fidelity Canadian Large Cap Fund 4.0%
Fidelity Canadian Opportunities Fund 1.0%
High Yield Bond Funds 5.4%
Fidelity American High Yield Currency Neutral Fund 5.4%
International Equity Funds 9.0%
Fidelity Europe Fund 3.9%
Fidelity International Disciplined Equity Fund 2.3%
Fidelity Far East Fund 1.3%
Fidelity Japan Fund 1.1%
Fidelity Latin America Fund - Series O 0.4%
Investment Grade Bond Funds 30.7%
Fidelity Canadian Bond Fund 30.7%
Real Estate Funds 0.4%
Fidelity Global Real Estate Fund 0.4%
Short-Term Investment Funds 31.6%
Fidelity Canadian Short Term Bond Fund 15.8%
Fidelity Canadian Money Market Fund 15.8%
Net other assets -0.1%
U.S. Equity Funds 9.0%
Fidelity American Disciplined Equity Fund 6.5%
Fidelity Small Cap America Fund 1.4%
American Equity - Ser O Fund 1.2%
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