Fidelity Investments Canada ULC announces fee reductions on several ClearPath® portfolios

TORONTO, Jan. 19, 2023 /CNW/ – Fidelity Investments Canada ULC (“Fidelity”) today announced fee reductions on several ClearPath® portfolios, Fidelity’s suite of target-date funds. Fidelity ClearPath® Retirement Portfolios are designed to help investors reach a more financially secure retirement, allowing investors to select the portfolio that matches their target retirement date. Over time, ClearPath® will gradually move investors into the appropriate mix of investments as they progress in their journey. The management and trailer fees, as listed below, will be reduced, effective January 25, 2023.

Management Fee Changes*:

Portfolio

Current Management Fee

(basis points)

New Management Fee

Series F/F5/F8

Series B/S5/S8

Series A/T5/T8

Series F/F5/F8

Series B/S5/S8

Series A/T5/T8

Fidelity ClearPath® Income Portfolio

60

125

150

60

(No change)

110

135

Fidelity ClearPath® 2005 Portfolio

60

125

150

60

(No change)

110

135

Fidelity ClearPath® 2010 Portfolio

65

160

175

60

135

150

Fidelity ClearPath® 2015 Portfolio

70

170

185

65

165

180

Fidelity ClearPath® 2020 Portfolio

75

175

190

70

170

185

Fidelity ClearPath® 2030 Portfolio

80

180

195

75

175

190

Trailer Fee Changes**:

Portfolio

Current Dealer Compensation (basis points)

New Dealer Compensation

DSC

LL

LL2

ISC

DSC

LL

LL2

ISC

Fidelity ClearPath® 2010 Portfolio

50

100

50

100

37.5

75

37.5

75

*Not all funds have all Tax-Smart CashFlow series offered

**DSC = Deferred Sales Charge Option

LL = Low Load Deferred Sales Charge Option

LL2 = Low Load 2 Deferred Sales Charge Option

ISC = Initial Sales Charge Option

For account information, Fidelity’s client services team can be reached between 8 a.m. and 8 p.m. EDT at 1-800-263-4077 (toll-free).

About Fidelity Investments Canada ULC

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals.

As a privately-owned company, our people and world class resources are committed to doing what is right for investors and their long-term success. Our clients have entrusted us with $192 billion in assets under management (as at January 10, 2023) and they include individuals, financial advisors, pension plans, endowments, foundations and more.

We are proud to provide investors a full range of investment solutions through mutual funds and exchange-traded funds, including domestic, international and global equity, income-oriented strategies, asset allocation solutions, managed portfolios, sustainable investing and our high net worth program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund’s or ETF’s prospectus, which contains detailed investment information, before investing. Mutual funds and ETFs are not guaranteed. Their values change frequently, and investors may experience a gain or a loss. Past performance may not be repeated.

Find us on social media @FidelityCanada

www.fidelity.ca

SOURCE Fidelity Investments Canada ULC

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