Fidelity Advisor Sustainable Target Date 2060 Fund - Class C is a target-date mutual fund designed to help investors save for retirement with a projected horizon around the year 2060. The fund's primary objective is to provide high current income, with a secondary focus on capital appreciation. It achieves these aims by investing at least 80% of its assets in underlying Fidelity funds that emphasize sustainability, utilizing securities from issuers demonstrating positive or improving environmental, social, and governance (ESG) practices. This sustainable approach is supported by both proprietary and third-party ESG ratings, as well as qualitative assessments from Fidelity's research teams. Over time, the fund's asset allocation shifts gradually, following a predetermined glide path that becomes more conservative as the target date approaches, adjusting to align with the needs of investors nearing retirement. The fund’s diversified holdings span various sectors and regions, helping to reduce risk while emphasizing responsible investing. Through this structure, it plays a significant role in the growing market for retirement solutions that integrate sustainability considerations, supporting long-term environmental and social outcomes alongside financial goals.
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