The Fidelity Advisor Freedom 2040 Fund (FIFFX) is a mutual fund that aims to provide long-term growth and capital appreciation for investors who plan to retire in or around the year 2040. As a Class I fund, it is designed for institutional investors and has a lower expense ratio compared to other classes of the same fund. FIFFX invests in a diversified portfolio of stocks, bonds, and other securities, with a focus on growth-oriented investments. This fund is managed by Fidelity Investments, a reputable and experienced investment management company.