The PIMCO RAE PLUS Fund Class INSTL (PXTIX) is a mutual fund that aims to provide investors with long-term capital appreciation by investing in a diversified portfolio of stocks. The fund utilizes a unique investment strategy called the Research Affiliates Equity (RAE) approach, which focuses on selecting stocks based on fundamental factors such as cash flow, dividends, and book value rather than market capitalization. This approach aims to outperform traditional market-cap weighted indexes. The fund is managed by PIMCO, a global investment management firm known for its expertise in fixed income and alternative investments. The INSTL class of the fund is designed for institutional investors and has a lower expense ratio compared to other classes of the fund. Overall, the PIMCO RAE PLUS Fund Class INSTL offers investors a potentially attractive way to gain exposure to the stock market while utilizing a unique and proven investment strategy.