Short term notes, they called it. Fourteen months to get 4k back.

The product page said short term, average duration under a year, and there was a redemption request option. I read that as a savings account with a better rate. It isn't.

I requested my 4k back at month 5 because a deal I'm working needed the cash. The request went into a queue. That quarter the fund only honored a portion of requests because total requests exceeded a cap, so I got about 900 back. Next quarter, another partial. It came back in five pieces over 14 months and about 1,100 of it came back with a 1% fee attached because I was inside a one year holding period.

Interest kept paying the whole time, around 8% annualized on whatever balance was still in, so I didn't lose money in total. I lost the use of it at the exact moment I needed it, and I had to bring in a partner on the other deal for a piece I'd planned to fund myself. That cost me real dollars, more than the 4k earned.

What I'd do differently: never treat any of this as short term money regardless of what the product is called, and read the redemption section before the yield section.