The Fidelity Freedom Index 2055 Fund Premier Class (FTYPX) is a mutual fund that aims to provide investors with a diversified portfolio of stocks and bonds, with a target retirement date of 2055. This fund is managed by Fidelity Investments and offers a premier class option, which typically has lower fees and higher minimum investment requirements. The fund follows an index-based approach, meaning it seeks to replicate the performance of a specific market index, in this case, the S&P Target Date 2055 Index. This fund is suitable for investors with a long-term investment horizon and a moderate to high risk tolerance.