FFBTX is a premier class mutual fund offered by Fidelity Investments. It is a part of the Fidelity Freedom Blend series, which is a target-date fund designed for investors with a retirement target of 2040. This fund aims to provide a balanced portfolio of stocks, bonds, and other assets to achieve long-term growth and income. The premier class designation indicates that this fund has a higher minimum investment requirement and may offer lower fees and expenses compared to other classes of the same fund. FFBTX is a suitable option for investors seeking a diversified and professionally managed portfolio to help them reach their retirement goals in 2040.