Fidelity Sustainable Target Date 2060 Fund Class K6 is an open-end mutual fund designed for individuals planning to retire around the year 2060. This fund adopts a target-date strategy, automatically adjusting its asset allocation over time to shift from a higher-growth, equity-focused portfolio to a more conservative, income-oriented mix as the target retirement date approaches. A distinguishing characteristic is its emphasis on sustainable investing, as it seeks to invest primarily in underlying Fidelity funds that focus on companies with proven or improving environmental, social, and governance (ESG) practices. The fund is actively managed and diversifies across U.S. and international equity funds, as well as bond funds, reflecting global exposure and risk management. Its primary objective is to generate high current income, with capital appreciation as a secondary goal, making it a relevant option for long-term retirement savers who prioritize sustainable investment principles in their retirement strategy. Launched in 2023, this fund benefits from Fidelity's experience in both target-date and sustainable investment research, aiming to balance risk and return according to the evolving needs of future retirees.
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