PLRAX is a mutual fund that focuses on long-term investments and aims to provide total return to its investors. It is managed by PIMCO, a leading investment management company, and is classified as Class A, indicating it is primarily designed for individual investors. This fund primarily invests in fixed income securities with longer durations, such as government and corporate bonds, and may also include mortgage-backed securities and other debt instruments. The goal of PLRAX is to generate consistent income and capital appreciation over the long term, making it a suitable option for investors seeking a balanced and diversified portfolio.