Fidelity Sustainable Target Date 2055 Fund - Class K is a target-date mutual fund designed to help investors prepare for retirement around the year 2055. The fund's primary objective is to provide high current income, with capital appreciation as a secondary goal. It distinguishes itself through a strong focus on sustainability, investing at least 80% of its assets in underlying Fidelity funds that emphasize issuers with proven or improving environmental, social, and governance (ESG) characteristics. These underlying holdings may include both equity and fixed-income securities from U.S. and international issuers, with some allocation to government-related debt considered to have positive ESG aspects. The fund dynamically adjusts its asset allocation over time, gradually becoming more conservative as 2055 approaches. With a low expense ratio and active management, it is suitable for investors seeking a long-term, disciplined approach to retirement planning that also addresses sustainable investing priorities. The fund plays a role in fostering responsible investment within the broader industry by integrating ESG considerations into its portfolio construction and asset selection process.
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