This fund provides exposure to a '130/30' strategy offering investors the chance to bring hedge fund-like techniques to their individual portfolios. 130/30 strategies take investors cash, invest it 'long' in securities and then sell short another 30% of the portfolio and buy more securities long with the proceeds. At the end of the process, the investment portfolio is 130% long and 30% short, hence the name. When done right, this strategy can provide investors will solid returns while at the same time taking out some of the overall volatility of a portfolio. However, it is all dependent on the analysts shorting the right stocks and investing those proceeds in the correct funds, if this is not done correctly the fund could significantly underperform the market. Unlike the other 130/30 fund, CSM is an ETF which means that the fund has no credit risk but it may face tracking error in some cases. CSM could make for a decent choice for investors seeking to implement this strategy in part of their portfolio, however, the fund should definitely not make up more than 5 or 10% of an overall portfolio.