The Fidelity Advisor Freedom 2005 Fund (FFIVX) is a mutual fund that aims to provide investors with a diversified portfolio of assets that align with their retirement goals. As a Class I fund, it is designed for institutional investors and has a lower expense ratio compared to other classes. This fund is specifically targeted towards investors who plan to retire in or around the year 2005, and it adjusts its asset allocation accordingly to become more conservative as the target date approaches. FFIVX offers a mix of stocks, bonds, and other securities to provide potential growth and income for investors in their retirement years.