Fidelity Advisor Sustainable Target Date 2040 Fund - Class C is a target-date mutual fund structured for individuals planning to retire around the year 2040. Its principal function is to offer high current income, with capital appreciation as a secondary goal, by dynamically allocating assets to a blend of underlying funds. A defining characteristic of this fund is its integration of sustainable investing principles: at least 80% of assets are invested in funds that either focus on issuers with proven or improving environmental, social, and governance (ESG) practices, track ESG indices, or hold U.S. and international government-related securities demonstrating positive ESG traits. The portfolio encompasses both equity and fixed income exposure, evolving its risk profile and asset mix to become more conservative as the target date approaches. This design aims to meet the long-term retirement needs of investors while supporting sustainable practices across global markets. The fund holds significance in the financial market by combining life-cycle investment management with a commitment to ESG criteria, reflecting the growing demand for retirement solutions that align with responsible investing values.
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