Universal Life Product Overview & Performance

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Target Date 2040

Currently tracking Fidelity ClearPath®2040 Portfolio

July 31, 2025

Fund Overview

Primary investments include other Fidelity funds and ETFs which generally invest in equity, fixed income and/or money market instruments. From inception to its target date in 2040 and for a period of approximately twenty years thereafter, an increasing proportion of the Fund's assets will gradually be invested in securities of fixed income and money market funds.

Risk Rating

This fund's risk rating is Medium

As of June 30, 2025

Asset Allocation (%)

Asset Percent
International Equity 34.8%
US Equity 27.5%
Canadian Equity 20.3%
Canadian Government Bonds 6.9%
Foreign Government Bonds 5.0%
Canadian Corporate Bonds 2.9%
Cash and Equivalents 1.4%
Commodities 0.8%
Income Trust Units 0.3%
Foreign Bonds - Funds 0.1%

Sector Allocation (%)

Sector Percent
Mutual Fund 30.9%
Financial Services 15.9%
Fixed Income 14.9%
Technology 10.6%
Industrial Goods 6.9%
Consumer Services 5.1%
Basic Materials 4.8%
Industrial Services 3.9%
Consumer Goods 3.6%
Energy 3.4%

Geographic Allocation (%)

Region Percent
North America 62.1%
Europe 21.1%
Asia 13.1%
Latin America 2.4%
Africa and Middle East 0.8%
Multi-National 0.3%
Other 0.2%

Top 10 Holdings (%)

As of June 30, 2025

Name Percent
Fidelity Emerging Markets Fund Series B
Fidelity International Equity M-Asset Base Fd O
Fidelity Insights Investment Trust Series O
Fidelity Canadian Disciplined Equity Fund Ser O
Fidelity Canadian Bond Multi-Asset Base Fund Ser O
BC Gwth MA Base - Ser O
Fidelity International Growth Multi-Asset Ba Fd O
Fidelity True North Fund Series B
Fidelity International Value Multi-Asset Base Fd O
Fidelity American Disciplined Equity Fund O

Growth of $10,000

As of July 31, 2025

Period:

For the period 07/31/2015 through 07/31/2025 with $10,000 CAD investment, The value of the investment would be $20,406

Calendar Return (%)

As of July 31, 2025

Period 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 17.61 12.55 -13.50 13.34 12.56 17.65 -5.57 11.62 5.11 4.60

Compound Return (%)

As of July 31, 2025

Period 1 mth 3 mths 6 mths 1 yr 3 yr 5 yr 10 yr
Fund 1.88 8.99 3.56 12.37 13.04 9.18 7.10
Product Current annual LIO admin fee Maximum annual LIO admin fee
Equitable Generations 0.00 % 0.00 %

Other Fund Information

Product Availabilty

Equitable Generations™

Date of Inception:

November 2005

Estimated Management
Expense Ratio (MER)*:

2.49%

Fund Category

2040 Target Date Portfolio

Portfolio Manager

Fidelity Investments Canada ULC

Investment Style

Equity

Market Capitalization: Large

Fund Style: Growth

Fixed Income

Duration: Long

Credit Rating: High

Performance Chart

Period:
Target Date 2040

Summary

For the period 07/31/2015 through 07/31/2025 with $10,000 CAD investment

Total returns performance

104.06% Up

Value of $10,000 investment

$20,405.86  CAD