The Fidelity Freedom Index 2005 Fund Premier Class (FBLPX) is a mutual fund that aims to provide investors with a diversified portfolio of stocks and bonds. It is designed for investors who are planning to retire in or around the year 2005. The fund is managed by Fidelity Investments and tracks the performance of a specific index, providing investors with a low-cost and passive investment option. The Premier Class designation indicates that this fund has a higher minimum investment requirement and may offer additional benefits or services to investors.