The PIMCO TRENDS Managed Futures Strategy Fund Class I-3 (PQTNX) is a mutual fund that focuses on investing in managed futures contracts. This fund is managed by PIMCO, a global investment management firm, and aims to provide investors with exposure to a diverse range of futures markets, including commodities, currencies, and interest rates. The Class I-3 shares of this fund are designed for institutional investors and have a lower expense ratio compared to other share classes. With a focus on trend-following strategies, this fund seeks to generate returns by identifying and capitalizing on market trends.