Advertisement
Skip to Content

Fidelity Flex Freedom Blend 2035 FJLSX Sustainability

| Rating as of | See Fidelity Investment Hub

Sustainability Analysis

Author Image

Sustainable Summary

Fidelity Flex Freedom Blend 2035 Fund is likely to concern sustainability-focused investors given certain substandard ESG attributes.

Fidelity Flex Freedom Blend 2035 Fund's holdings are exposed to average levels of ESG risk relative to those of its peers in the Target Date category, thus earning it an average Morningstar Sustainability Rating of 3 globes. Competing funds in the category with ratings of 4 or 5 globes have less ESG risk in their holdings. Unlike impact, which measures positive environmental and societal outcomes attributable to an investment, ESG risk reflects the degree to which investments could be affected by material ESG issues like climate change and inequalities.

Fidelity Flex Freedom Blend 2035 Fund has a Carbon Risk Score of 9.44, indicating portfolio companies face low carbon-related risks in the transition to a low-carbon economy.

One potential issue for a sustainability-focused investor is that Fidelity Flex Freedom Blend 2035 Fund doesn’t have an ESG-focused mandate. Funds with an ESG-focused mandate would have a higher probability to drive positive ESG outcomes. The fund's current involvement in fossil fuels reaches 8.90%, surpassing 7.46% for its average category peer. Companies are considered involved in fossil fuels if they derive some revenue from thermal coal, oil, and gas. The fund exhibits relatively high exposure (9.12%) to companies with high or severe controversies. Companies with high or severe controversies may be involved in incidents such as corruption, employee abuses, environmental incidents, and corporate scandals that pose serious business risks to the company.

ESG Commitment Level Asset Manager

An ESG Commitment Level Asset Manager rating is not assigned to this investment.

Morningstar analysts award an ESG Commitment Level Asset Manager ratings to investments that also receive Morningstar Analyst Ratings. Not all investments currently have Asset Manager rating. Morningstar is expanding its coverage, prioritizing investments that are most relevant to investors.