Fidelity Advisor Sustainable Target Date 2060 Fund - Class Z is a target-date mutual fund designed for investors planning to retire around the year 2060. The fund’s primary objective is to seek high total return until its target retirement date; thereafter, its focus shifts to high current income, with capital appreciation as a secondary goal. This fund employs a growth-oriented investment strategy, allocating at least 80% of its assets to underlying Fidelity funds that emphasize issuers with strong or improving sustainability practices and positive environmental, social, and governance (ESG) characteristics. Key features include a diversified mix of U.S., non-U.S. developed, and emerging markets equities, as well as exposure to fixed income securities. As part of Fidelity’s family of sustainable target date offerings, this fund integrates proprietary ESG research and ratings throughout the investment process, reflecting a commitment to sustained responsible investing. Its role in the market is to provide a comprehensive, professionally managed solution for long-term retirement savers seeking to combine robust asset allocation with sustainability considerations, adjusting risk exposure gradually as the target date approaches.
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