The PIMCO RAE PLUS Fund Class I-2 (ticker: PIXPX) 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 "RAE" (Research Affiliates Equity) approach, which focuses on selecting stocks based on their fundamental value rather than market capitalization. This approach is designed to potentially outperform traditional market-cap weighted indexes. The fund is managed by PIMCO, a leading global investment management firm, and is suitable for investors seeking a growth-oriented investment with a moderate level of risk.