Fidelity Sustainable Target Date 2045 Fund Class K is a diversified mutual fund designed to help investors plan for retirement around the year 2045. As a target-date fund, its asset allocation automatically adjusts over time, shifting from a greater emphasis on growth-oriented investments toward more conservative holdings as the target date approaches. This fund distinguishes itself by integrating sustainability criteria, primarily investing in underlying Fidelity funds that screen for environmental, social, and governance (ESG) factors. The portfolio currently allocates a majority to domestic and international equity funds, with a smaller portion in bond funds, reflecting its long investing horizon and growth objectives. The fund’s primary aim is to deliver high current income, with capital appreciation as a secondary goal. Its ESG-focused approach appeals to investors seeking retirement solutions that align with responsible investment principles, while its glide path structure offers a dynamic allocation strategy that evolves as retirement nears. Managed by Fidelity Investments, this fund plays a role in the expanding market for sustainable and automated retirement solutions.
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