Fidelity Advisor Sustainable Target Date 2020 Fund Class A is a target-date mutual fund designed to help investors prepare for retirement with a specific focus on sustainability factors. The fund primarily seeks to provide high current income, with capital appreciation as a secondary goal, by investing in a diversified mix of underlying Fidelity funds that prioritize environmental, social, and governance (ESG) considerations. As a target-date fund, its asset allocation was constructed to gradually shift from a growth-oriented portfolio to a more conservative mix as the year 2020 approached and passed, reflecting the typical needs of investors nearing or entering retirement. The fund is notable for its commitment to sustainable investment strategies, incorporating socially responsible criteria into its selection of underlying holdings. By employing this ESG-focused approach, the fund aims to balance retirement income needs with positive long-term impacts on society and the environment. This makes it a distinctive option within the broader category of retirement-focused mutual funds, serving individuals and institutions seeking both financial and sustainability objectives.
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