FSXZX

About FSXZX

Fidelity Advisor Sustainable Target Date 2040 Fund Class M is a target-date mutual fund designed for investors planning to retire around 2040, aligning its asset allocation with a glide path that gradually shifts from growth to preservation as the target year approaches. The fund invests primarily through Fidelity-affiliated underlying funds that incorporate environmental, social, and governance considerations, spanning U.S. and non-U.S. equities, investment‑grade bonds, Treasuries, and inflation-protected securities. Its diversified structure typically includes significant exposure to sustainable U.S. equity, developed ex‑U.S. equity, and emerging markets equity strategies, complemented by core fixed income sleeves to manage risk as the retirement date nears. Managed by Fidelity Management & Research, the strategy follows a dedicated sustainable composite benchmark to guide allocation and measure results while maintaining the target-date risk progression. Class M shares provide access to the strategy within the Advisor share-class lineup, with performance and fees distinct from other share classes under the same strategy umbrella. Overall, the fund’s role is to offer a single, professionally managed, sustainability‑focused portfolio that evolves over time to support long‑horizon retirement objectives.