The Arrow Managed Futures Strategy Fund (MFTNX) is a mutual fund that focuses on investing in futures contracts. It is designed for institutional investors and aims to provide a diversified portfolio with exposure to various asset classes, including commodities, currencies, and interest rates. The fund is actively managed and utilizes a strategy that seeks to generate returns through both long and short positions in futures contracts. With its institutional share class, MFTNX offers a lower expense ratio and minimum investment requirement, making it an attractive option for larger investors looking to diversify their portfolio through managed futures.