Name Change for the Fidelity ClearPath® Target Date Series of segregated funds
Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada).
On July 1, 2026, Sun Life will update the fund names of the Fidelity ClearPath® Target Date Series of Segregated Funds (the ClearPath Funds). There are no changes to the Funds’ investment objectives, strategies, teams, or processes.
Fidelity offers three distinct Target Date funds suite, namely Active, Blend and Index Plus.
The current ClearPath Funds on the platform invest in the Blend series. As such, we are adding the name “Blend” to each of the ClearPath Funds, to distinguish them from the other funds in the suite. “Blend” refers to a mix of active and passive underlying investments.
Sun Life will also add the ClearPath Active Target Date Fund series to the Core platform in June 2026. We will send a separate communication about this at the end of May or early June 2026.
The chart below identifies the impacted segregated funds along with the updated names.
Previous fund name |
New Segregated Fund name |
|---|---|
Fidelity ClearPath® Income |
Fidelity ClearPath® Blend Income |
Fidelity ClearPath® 2010 |
Fidelity ClearPath® Blend 2010 |
Fidelity ClearPath® 2015 |
Fidelity ClearPath® Blend 2015 |
Fidelity ClearPath® 2020 |
Fidelity ClearPath® Blend 2020 |
Fidelity ClearPath® 2025 |
Fidelity ClearPath® Blend 2025 |
Fidelity ClearPath® 2030 |
Fidelity ClearPath® Blend 2030 |
Fidelity ClearPath® 2035 |
Fidelity ClearPath® Blend 2035 |
Fidelity ClearPath® 2040 |
Fidelity ClearPath® Blend 2040 |
Fidelity ClearPath® 2045 |
Fidelity ClearPath® Blend 2045 |
Fidelity ClearPath® 2050 |
Fidelity ClearPath® Blend 2050 |
Fidelity ClearPath® 2055 |
Fidelity ClearPath® Blend 2055 |
Fidelity ClearPath® 2060 |
Fidelity ClearPath® Blend 2060 |
Fidelity ClearPath® 2065 |
Fidelity ClearPath® Blend 2065 |
How does this affect plan sponsors and plan members?
Plan sponsors or plan members won't be affected, and they don't have to take any action. Plan members will see the name change beginning on July 1, 2026. We’ll communicate this name change to impacted members.
Reminder about ClearPath funds – ‘through’ retirement glidepath
The ClearPath fund series is a ‘through’ retirement target date series; not ‘to’ retirement like most other target date suites in Canada. This means that plan sponsors who add or offer the ClearPath series should offer all funds in the series, including those that already “matured”, such as those with 2010-2025 maturity years in the name.
Do you have to take any action?
You and your members don’t have to take any action as a result of these changes.
Questions?
Please contact your Sun Life Group Retirement Services representative*.
*In Quebec, registered as a Group annuity plans advisor.