Currently my liquid cash is being held in money market funds at Fidelity and Vanguard. I have a brokerage account with JPMC and was looking at options and came across Liquidity Management options (LMS) which is a Dynamically managed portfolio aimed to deliver income and capital preservation by investing in shortterm fixed income mutual funds and ETFs.
As of April end, they delivered a 5.44% yield after costs compared to 4.75% ICE BofA US Treasury Bill Index. Does anyone have experience with this product and would you recommend it for parking some cash?