Fidelity Advisor Sustainable Target Date 2060 Fund Class I is a target-date mutual fund designed for investors planning to retire around the year 2060. Its primary function is to provide a diversified, professionally managed investment solution that automatically adjusts its asset allocation over time, gradually shifting from a growth-oriented portfolio toward a more conservative allocation as the target retirement date approaches. The fund distinguishes itself through a dedicated focus on sustainable investing, integrating environmental, social, and governance (ESG) criteria within its investment selection and employing proprietary ESG research developed by Fidelity. This fund invests across a mix of asset classes, including U.S. and international equities, fixed income, and other diversifying assets, primarily by allocating to underlying Fidelity funds with a sustainability mandate. As part of the broader family of Fidelity Sustainable Target Date Funds, it leverages Fidelity’s expertise in both retirement planning and sustainable investing, catering to individuals and institutions seeking a forward-looking approach to long-term retirement goals. The fund plays a significant role in the market by providing an accessible, all-in-one solution that integrates advanced ESG factors for investors concerned with both retirement readiness and responsible investing.
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