Fidelity Sustainable Target Date 2050 Fund is a target-date mutual fund designed to help investors save for retirement, with a projected target date set for the year 2050. The fund’s primary objective is to seek a high total return until the target retirement date, shifting its focus to high current income and, as a secondary goal, continued capital appreciation thereafter. Distinctly, this fund incorporates a sustainable investing approach, utilizing Fidelity’s proprietary ESG (environmental, social, and governance) ratings and research to guide investment selections. It invests primarily in a diversified mix of underlying funds and securities that meet defined sustainability criteria. This fund is structured for individuals planning to retire around 2050, automatically adjusting its asset allocation from growth-oriented investments toward more conservative ones as the target date approaches. As part of the broader sustainable target date fund suite, it aims to help investors address long-term retirement goals while considering key sustainability and ethical factors. It plays a significant role in the market by integrating responsible investing with retirement planning, appealing to those who prioritize both financial objectives and environmental or social impacts in their retirement portfolios.
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