Fidelity Advisor Sustainable Target Date 2050 Fund Class Z is a target date mutual fund designed to help investors plan for retirement with a targeted horizon around the year 2050. Its primary function is to seek high total return through a diversified portfolio that gradually shifts asset allocation over time, becoming more conservative as the fund approaches and passes its target date. What sets this fund apart is its focus on sustainable investing principles: it allocates at least 80% of its assets to securities with positive environmental, social, and governance (ESG) characteristics, as determined by Fidelity’s proprietary ESG ratings methodology. The fund employs exclusion criteria to avoid significant exposure to issuers engaged in certain sectors that may conflict with sustainability goals. Serving investors anticipating retirement near 2050, the fund plays a dual role in the market by offering both a systematic glide path of risk adjustment and a sustainability focus. This makes it significant for participants seeking to align their long-term retirement savings with broader ESG objectives, while benefiting from a professionally managed, multi-asset investment approach that adjusts strategically over time.
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