Fidelity Advisor Sustainable Target Date 2060 Fund - Class M is a target-date mutual fund designed to help investors prepare for retirement around the year 2060. The fund’s primary purpose is to seek high total return through a diversified portfolio, initially emphasizing growth-oriented investments and gradually shifting towards more conservative assets as the target date approaches. A distinctive feature of this fund is its integration of sustainability principles; at least 80% of its assets are allocated to underlying Fidelity funds that focus on companies with proven or improving environmental, social, and governance (ESG) practices or positive sustainability characteristics. The portfolio may include both equity and fixed income instruments, covering domestic and international markets, with some exposure to specific regions and sectors that align with ESG priorities. By prioritizing sustainable investment options, the fund addresses the growing demand for responsible investment strategies intended to align long-term financial goals with positive societal impact. Managed by a team of experienced portfolio managers, the fund plays a significant role in the retirement landscape for those seeking a balance between growth potential and a commitment to sustainability over a multi-decade horizon.
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