Fidelity Sustainable Target Date 2045 Fund is a target date mutual fund designed for individuals planning to retire around the year 2045. Its primary objective is to seek a high total return until the target retirement date, at which point the focus shifts to high current income, with capital appreciation as a secondary goal. The fund distinguishes itself through a sustainability-driven investment approach, allocating at least 80% of assets to underlying Fidelity funds that emphasize companies or securities with proven or improving environmental, social, and governance (ESG) characteristics. The remaining allocation may be in index-tracking ESG funds or fixed income with positive ESG traits. This approach leverages Fidelity’s proprietary ESG research and ratings, aligning investment choices with sustainability objectives. The fund’s structure provides broad diversification across asset classes, with asset allocation gradually becoming more conservative as the target date approaches. Notably, the fund has been recognized for its low ESG risk profile, indicating a significant commitment to sustainable investment practices. By integrating retirement planning with ESG considerations, the fund plays a key role for investors aiming to align their long-term financial goals with responsible investing principles.
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