Fidelity Sustainable Target Date 2055 Fund is a target-date mutual fund designed primarily for investors planning to retire around the year 2055. The fund employs a diversified, evolving asset allocation strategy that gradually shifts from higher equity exposure to more conservative investments as the target date approaches. Distinctively, it integrates environmental, social, and governance (ESG) criteria into its investment process, drawing on Fidelity’s proprietary sustainable research and ESG ratings to select underlying investments. The fund seeks to provide high total return until the retirement date, and after that point, it prioritizes high current income, with capital appreciation as a secondary goal. By focusing on sustainability, the fund aims to support investors who wish to align their retirement savings with responsible investment practices. It invests across U.S. and international equities and fixed-income securities, primarily via underlying Fidelity sustainable funds. The fund plays a significant role in the market as part of the growing category of sustainable target-date funds, merging traditional retirement planning objectives with a commitment to ESG considerations.
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