Fidelity Sustainable Target Date 2040 Fund – Class K6 is an actively managed target date mutual fund designed to help investors save for retirement with a focus on sustainability. Its primary objective is to seek high current income, with capital appreciation as a secondary goal. The fund invests predominantly in underlying Fidelity funds, emphasizing those that incorporate proven or improving sustainability practices and positive environmental, social, and governance (ESG) characteristics. This includes both actively managed ESG funds and index funds that track ESG benchmarks, as well as selected sovereign and government-related debt securities with positive ESG profiles. The portfolio is diversified across U.S. and international equities and fixed income instruments, rebalancing its allocation to reduce risk as it approaches its 2040 target date. The fund leverages Fidelity’s proprietary sustainable investment research and ESG ratings, reflecting a comprehensive approach to responsible investing within a time-tested target date framework. This makes it a relevant option for investors seeking a retirement solution that integrates sustainability considerations into its investment process.
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