Fidelity Advisor Sustainable Target Date 2055 Fund Class I is a target-date mutual fund designed to help investors save for retirement with a focus on sustainability. The primary function of this fund is to provide a diversified investment solution that gradually shifts its asset allocation from higher-growth investments, such as equities, toward more conservative assets as the year 2055 approaches—the assumed retirement date for investors in this fund. A distinguishing feature of this fund is its integration of environmental, social, and governance (ESG) considerations throughout the investment process, utilizing Fidelity’s proprietary sustainable investment research and ESG ratings to select dedicated sustainable building blocks. This approach seeks to align the fund's portfolio with responsible investing principles while leveraging Fidelity’s extensive experience and research in target date and asset allocation strategies. Managed by an experienced team, the fund aims to deliver a balance of long-term capital growth and, eventually, income for future retirees, positioning itself as a comprehensive solution for participants seeking sustainability alongside retirement planning needs in the evolving financial landscape.
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