FSZRX

About FSZRX

Fidelity Sustainable Target Date 2055 Fund - Class K6 is a target-date mutual fund designed for individuals planning to retire around the year 2055. The fund’s primary objective is to seek high total return until its target retirement date, after which it shifts focus to high current income and, as a secondary goal, capital appreciation. This fund distinguishes itself by integrating environmental, social, and governance (ESG) considerations into its investment process, primarily investing in underlying Fidelity funds that exhibit positive ESG characteristics. It employs a diversified, age-appropriate asset allocation that gradually becomes more conservative as the target date approaches, reducing equity exposure in favor of fixed income and other lower-risk assets over time. The Class K6 share class is tailored for institutional investors, offering a competitive expense ratio. By combining the benefits of long-term growth potential with a sustainability mandate, the fund plays a significant role in the retirement planning landscape, especially for investors seeking to align their future financial security with responsible investing practices.