For some perspective - On Aug. 15, a 5% money market account would have returned 3.225% YTD. Somebody smarter than me would need to do the risk comparisons and determine whether holding LCR over those 7.5 months produced a sufficiently greater return (5.82%) than cash to compensate for the risk taken. If this one (LCR) changes direction as often as LCORX appears to, then getting a handle on the actual inherent risk might be difficult.
(In tracking LCORX at M* the “short equity” position appeared to jump from 10% to 15% overnight sometime last week.)

Advantage Fidelity:
The nice thing about Schwab ATM is the fact you can take out money around the world and they will refund you the fee by the end of the month. (Confirmed; see footnote 8)
At Fidelity "The reimbursement will be credited to the account the same day the ATM fee is debited." (See footnote 2.)
About Fidelity's disclaimer that it may not cover the 1% network exchange fee ... No one seems to have actually been charged. That includes me - I did a test at Heathrow a few years ago - same ATM, same withdrawal amount; compared Schwab and Fidelity, no difference.
The Finance Buff, Fidelity Debit Card Foreign Transaction Fee on ATM Withdrawals

@Devo
LCR YTD performance at 5.82% does not jump out at me in view of the below YTD performances
Kinetics Global: 41%
Calamos Global: 31%
SPE: 21%
QSPRX: 20%
CPIEX: 26%
COAGX: 21%
QLEIX: 20%

What a year. FSUTX is up 19.42 YTD.

w/e August 16, 2024..... Yeah, ending with + NAV's
Bond NAV's were rising through Wednesday, when Thursday found some very large daily percentage drops, with many having a decent recovery pricing on Friday; allowing for a positive pricing week. A few numbers for your viewing pleasure.
FIRST:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, August 12 - August 16, 2024
***** This week (Friday), FZDXX, MMKT yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 5.15% yield. MMKT's yields were basically unchanged from last week. Fidelity's MMKT's continue to maintain decent yields, as is presumed with other vendors similar MMKT's.
--- AGG = +.57% / +3.04% (I-Shares Core bond), a benchmark, (AAA-BBB holdings)
--- MINT = +.12% / +3.77% (PIMCO Enhanced short maturity, AAA-BBB rated)
--- SHY = +.07% / +2.88% (UST 1-3 yr bills)
--- IEI = +.19% / +2.92% (UST 3-7 yr notes/bonds)
--- IEF = +.42% / +2.74% (UST 7-10 yr bonds)
--- TIP = +.18% / +2.84% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- VTIP = +.10% / +3.40% (Vanguard Short-Term Infl-Prot Secs ETF)
--- STPZ = +.07% / +3.30% (UST, short duration TIPs bonds, PIMCO)
--- LTPZ = +.57% / +1.81% (UST, long duration TIPs bonds, PIMCO)
--- TLT = +1.23% / +.84% (I Shares 20+ Yr UST Bond
--- EDV = +1.72% / -.56% (UST Vanguard extended duration bonds)
--- ZROZ = +2.23% / -1.94% (UST., AAA, long duration zero coupon bonds, PIMCO
--- TBT = -2.09% / +3.41% (ProShares UltraShort 20+ Year Treasury (about 23 holdings)
--- TMF = +3.25% / -9.80% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf)
*** Additional important bond sectors, for reference:
--- BAGIX = +.60% / +3.43% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund)
--- LQD = +1.35% / +3.10% (I Shares IG, corp. bonds)
--- BKLN = +.43% / +4.32% (Invesco Senior Loan, Corp. rated BB & lower)
--- HYG = +1.12% / +5.62% (high yield bonds, proxy ETF)
--- HYD = +.25%/+3.85% (VanEck HY Muni)
--- MUB = +.09% /+1.16% (I Shares, National Muni Bond)
--- EMB = +1.25%/+5.85% (I Shares, USD, Emerging Markets Bond)
--- CWB = +1.27% / +2.33% (SPDR Bloomberg Convertible Securities)
--- PFF = +1.14% / +6.15% (I Shares, Preferred & Income Securities)
--- FZDXX = 5.15% yield (7 day), Fidelity Premium MMKT fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please.
Remain curious,
Catch

The nice thing about Schwab ATM is the fact you can take out money around the world and they will refund you the fee by the end of the month.
Question: suppose you took out $300 from an ATM and you want to deposit back $150, how do you it with Schwab or a bank that doesn't have branches?

... Ya, hey? The Honolulu office WILL NOT ACCEPT CASH. The whole raison d'etre of Schwab is to DEAL WITH MONEY. "Nuts." --- General Anthony McAuliffe, at Bastogne.

The nice thing about Schwab ATM is the fact you can take out money around the world and they will refund you the fee by the end of the month.
Question: suppose you took out $300 from an ATM and you want to deposit back $150, how do you it with Schwab or a bank that doesn't have branches?

https://www.bloomberg.com/news/videos/2024-08-16/wall-street-week-08-16-2024-video-lzxcqwix
16 Aug, 2024.
Jan Hatzius of Goldman evaluates the consumer, inflation and employment numbers. "Inflation is no longer a major issue for monetary policy."
Kristen Bitterly, Citi. Analyzing the Market week. Earnings reports are encouraging. She expects 10 of 11 SP500 sectors to bounce back from last year, showing profitability. (Which is the loser? Real Estate?)...Good idea to be equal-weighted, rather than cap-weighted in the SP500. There is a broadening -out of profits beyond the Mag 7. Smid caps are a good target for money these days. And healthcare.
Zachary Liscow, Yale Law School. Former Chief Economist at OMB. Infrastructure. Obstacles to a smooth, efficient rollout of the Biden era infrastructure push.
Greg Peters, PGIM. Fixed Income ETFs now $2T industry. Whoa.
Jonathan Klein. Legacy, linear Media companies struggle. It's the nature of the business.

The Week in Charts (08/16/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:24 Free Wealth Path Analysis
01:02 Topics
02:12 The Biggest Volatility Crash in History
05:55 A V-Shaped Rebound
09:52 Down Goes Inflation
17:06 Say Goodbye to the "Emergency" Rate Cut
21:20 Plunging Housing Starts
28:10 Starbucks Surge
31:08 The Decline of the Department Store
33:31 Rising Real Wages
Video

If anyone here has a self directed BMO brokerage account, please share your experience.
(My family has a small relationship on the banking side (walking distance to my home) and the BMO branch people are always very customer focused and the manager sits in the open for people to go talk to.)

BMO is the Bank of Montreal (I checked up on this awhile ago when I was considering BMO Alto for an online savings account):

The Bank of Montreal was founded in 1817, making it Canada’s oldest incorporated bank. ... Today, the various components of the Bank of Montreal are collectively known as BMO Financial Group.

https://www.thecanadianencyclopedia.ca/en/article/bank-of-montreal
While the bank has a US operation, even with a branch near you, its self-directed brokerage appears limited to Canadian residents:

Opening a BMO InvestorLine Self-Directed account is easy. Here’s what you’ll need:

• to be a Canadian resident (you live or have eligible ties to property, family or social services in Canada)
  
• a valid Social Insurance Number (SIN)
  
• to be at least the age of majority in your province or territory

Maybe it's that they don't charge transaction fees on mutual funds that caught your attention?
https://www.bmoinvestorline.com/selfDirected/pdfs/SDFeeSchedule_E.pdf
That's offset by their charging $9.95 (Cdn) for stock and ETF trades, except for 95 NTF Canadian ETFs.

Per barchart.com, 20D Average Vol is 5,135. This is too light for me even if I intend this to be a buy and forget.

I am exploring options to consolidate my banking and brokerage relationships.
Have you guys dealt with BoA banking?
I have been a client of Merrill for more than 10 years and hence I have a BoA checking (minimal activity) and BoA credit cards.
Today, I went into the BoA branch to open a new account (my Merrill contact had set up an appointment with her banking guys). Dealing with them was like dealing with the Government office. Compared to BoA banking, all the complaints I hear about Schwab and other brokerages seem pedestrian.
If anyone here has a self directed BMO brokerage account, please share your experience.
(My family has a small relationship on the banking side (walking distance to my home) and the BMO branch people are always very customer focused and the manager sits in the open for people to go talk to.)

Vonnie Quinn is in again.
To me, there's nothing to write home about. HY yields at lowest now, YTD? That's the assertion. But my junk stuff defies that claim... And share prices have slowly crept upward this week, too.
https://www.bloomberg.com/news/videos/2024-08-16/bloomberg-real-yield-08-16-2024

I'm not worried about the fund investing in SPACS at all if that is where DS finds value. I've held SPC for over 2 years in my conservative withdrawal bucket and have found it to be a low volatility, steady eddy, positive trending ETF (5% 1Y return as of 7/31). If Mr. Sherman can find value in using SPACs to enhance return in CBLDX, I'm all for it. I might, though, sell my slug of SPC and add that money to my existing CBLDX position and let David decide on the fund's positions and use of SPACs.

Thanks for sharing this link. I wanna like TCAF enough to buy it but its top 5 investments are even more concentrated than the S&P 500. And it’s 10times more expensive but that’s just being petty.

This section is also new:
...will construct a portfolio for the Fund that the Adviser believes has the potential to generate a high level of current income, while maintaining a fixed income portfolio duration of 2.0 or less.
Here is the old section:
The Fund typically focuses on instruments that have short durations (i.e., have
an expected duration of three years or less from the time of purchase through maturity, call, or corporate action).
https://info.crossingbridgefunds.com/hubfs/Regulatory/CrossingBridge_Prospectus.pdf?v=1723830514184

Expanding the strategy beyond HY to include preferreds, equities (SPACs), private credits, foreign credits.
"The income producing fixed income securities in which the Fund invests include: bills, notes, bonds, debentures, convertible bonds, bank loans, loan participations, mortgage- and asset-backed securities, Rule 144A fixed income securities, zero coupon securities, syndicated loan assignments, sovereign debt and other evidence of indebtedness issued by U.S. or foreign corporations, governments, government agencies or government instrumentalities, including floating-rate securities (i.e., fixed income securities that provide income that can increase or decrease with interest rates), commercial paper, and preferred stocks. The Fund may also invest in fixed income-like equity securities such as special purpose acquisition companies (“SPACs”) that provide interest income and/or the potential for capital appreciation while having an effective maturity. The Fund invests in individual fixed income securities without restriction as to issuer credit quality, capitalization or security maturity. The Fund may invest up to 100% of its assets in lower-quality fixed income securities — commonly known as “high yield” or “junk” bonds."

Anyone remember the Schwab short term bond fund “Schwab Yield Plus”? That was a serious debacle. SWYSX. Fell about 35% in 2011.

https://www.sec.gov/Archives/edgar/data/1141819/000089418924004875/crossingbridgelowduration4.htm
New name:
CrossingBridge Low Duration High Income Fund

Scroll down to the holdings section near the bottom of the M* page. There you'll see 82.5% in bonds. I don't know why it doesn't match the 70% fixed income at the top of the page. Clearly this difference is coming from the 24% "other" allocation at the top of the page.
Perhaps not all the bonds are "fixed" income? You might be right about convertibles. Have to check M*'s definitions.
The 17% "other" in the holdings is a MMF (3.63%) and preferred (13% or so).

Ty @msf and @David_Snowball
I was placing a LCR buy order this AM (teeny position just to have it on my radar) but I noticed the bid size to be 12. This combined with the small AUM makes it too illiquid for me.