... can anyone provide any comments on this (mutual fund?) I'm having trouble finding/ understanding its performance ...
It is a bank account, setup to trade as a MF for brokerage investors. The cost is pegged to IIRC $10 and the interest paid is given as more units. For example, have $100K then one would have 10,000 units to, when purchased. At the end of the month, if interest is $250 then one would receive another 25 units to have 10,025 units.
... what's the current rate of return, or whatever? is this a good place to have money invested in, in today's interest-rate environmant? are there better alternatives?
The other thread says it is up to 2.85% interest.
For registered accounts that are problematic to transfer or withdraw from to chase other FI product rates - the ease of use, lack of fees and holding period can be attractive.
There are also savings ETFs as well as banker's notes and GICs that are also available through the brokerage.
For non-registered accounts, transfer out to other accounts is much easier.
Cheers
