Fidelity Advisor Sustainable Target Date 2050 Fund – Class Z is a target-date mutual fund designed for investors planning to retire around the year 2050. The fund’s primary objective is to provide high total return up to its target date, after which it emphasizes seeking high current income as its secondary goal. It distinguishes itself by adopting a sustainable investment approach: the portfolio is built primarily using sustainable building blocks, integrating Fidelity’s proprietary environmental, social, and governance (ESG) research and ratings throughout its investment process. This makes the fund notable for investors interested in aligning their retirement savings with broader ESG values. The fund is managed by a team with experience in both target-date investing and sustainable strategies, leveraging Fidelity’s extensive asset allocation and sustainable investment expertise. Within the financial market, the fund serves as a comprehensive solution for long-term retirement planning, offering systematic diversification and a gradual shift from growth-oriented securities toward more income-focused assets as the target date approaches, all with an ESG-centric approach.
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