The ClearPath asset mix tool (the “Tool”) is for information purposes only, is updated annually, and shows the potential neutral asset composition for a given ClearPath Portfolio based on how many years the portfolio is away from its target date. The Tool shows annual asset mix details. The ClearPath portfolio allocations change on a monthly basis and may be different from the values shown in the prospectus for each ClearPath portfolio as the prospectus is only updated annually. The asset mix details shown are representative of the ClearPath glide path or strategic asset allocation. These values do not take into consideration active asset allocation decisions taken by the portfolio managers. In addition, differences may be the result of asset class categorization and rounding differences. The Tool can be a helpful guide to show how the allocations of a ClearPath portfolio will change over time but must not be relied upon as an accurate forecast or investment advice. It is important to note that selecting a retirement horizon that is not aligned with the time to maturity* of a portfolio will lead to differences from the underlying portfolios’ neutral asset mix if you invested in it today.
As each ClearPath portfolio was built for investors in a 5-year cohort, you may not be able to buy a portfolio which aligns exactly with your investment horizon. As an investor, your aim should be selecting the ClearPath portfolio that is as close to your desired target date as possible. To illustrate, if Jane Smith is saving towards her retirement in the year 2037, Jane should consider the Fidelity ClearPath 2035 Portfolio, which has a target date closest to Jane’s desired retirement date.
*Time to maturity = (ClearPath portfolio target date - Current Year)