Fidelity Sustainable Target Date 2065 Fund Class K is a target-date mutual fund designed to help investors plan for retirement around the year 2065. Its primary function is to seek high current income, with capital appreciation as a secondary goal. The fund achieves this by investing at least 80% of its assets in underlying Fidelity funds that prioritize issuers with proven or improving sustainability practices or positive environmental, social, and governance (ESG) characteristics. Leveraging Fidelity’s proprietary sustainable investment research and ESG ratings, this fund employs a diversified asset allocation approach that evolves over time, becoming more conservative as the target date approaches. Managed by Fidelity’s experienced asset allocation team, the fund aims to balance growth potential with responsible investing principles. By focusing on sustainable investments, it appeals to individuals aiming to integrate long-term financial planning with an ESG-aligned investment philosophy, playing a significant role in the growing intersection of retirement planning and sustainable finance.
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