Fidelity Sustainable Target Date 2065 Fund Class K6 is a target-date mutual fund designed for investors planning to retire around the year 2065. This fund primarily aims to provide high current income, with capital appreciation as a secondary goal. Managed by Fidelity Investments and launched in 2023, it employs an actively managed "fund-of-funds" structure, investing predominantly in other Fidelity funds that focus on companies with strong or improving sustainability practices and positive ESG (Environmental, Social, and Governance) characteristics. Over time, the asset allocation automatically shifts to become more conservative as the target retirement date approaches, reflecting the changing risk tolerance of investors nearing retirement. Notable allocations include exposure to sectors such as consumer defensive, energy, and basic materials, supporting diversification. The fund is specifically available through eligible employer-sponsored retirement plans, highlighting its role as a long-term savings vehicle within workplace retirement accounts. Fidelity Sustainable Target Date 2065 Fund Class K6 reflects a growing market emphasis on responsible, sustainable investment strategies while facilitating goal-based portfolio management for retirement savers.
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