Fidelity Advisor Sustainable Target Date 2055 Fund – Class C is a mutual fund designed to help investors save for retirement with a target date of 2055. Its primary goal is to provide high current income while also pursuing long-term capital appreciation. The fund employs a "fund of funds" structure, investing in underlying Fidelity-managed mutual funds that are selected with a focus on sustainability. This strategy integrates proprietary environmental, social, and governance (ESG) research, prioritizing companies and investments demonstrating strong sustainability characteristics. Key features include a diversified mix of equity, fixed income, and alternative asset classes that automatically adjust over time, gradually shifting from greater growth exposure in early years to more conservative allocations as the target date approaches. This evolving asset allocation is designed to match the anticipated retirement timeline and risk tolerance of investors planning to retire around 2055. The fund stands out for its commitment to sustainable investing practices across sectors, leveraging Fidelity’s deep ESG expertise and research platform. As part of the broader Fidelity Sustainable Target Date series, it plays a significant role in providing retirement solutions for investors who seek to align their long-term savings with responsible investment principles.
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