What are fidelity's target-date retirement funds?

Fidelity markets its target-date retirement funds as the “Freedom Series," intending to conjure up images of freedom from work. This fund in the series is aimed at investors who expect to retire around 2030. Fidelity target-date funds took some heat in 2013 due to underperformance.

What is a target date fund?

Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed. Designed for investors who anticipate retiring in or within a few years of the fund's target retirement year at or around age 65.

What is a fidelity ® sustainable target date fund?

Fidelity ® Sustainable Target Date Funds invest primarily in a diversified mix of sustainable assets that adjust over time based on an investor's target retirement date*, providing a lifetime investment option in a single fund. Learn more How should I know if a target date fund is right for me? How much should I invest in a Freedom® Fund?