Key stats
About Simplify Exchange Traded Funds Simplify Government Money Market ETF
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Inception date
Jul 14, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
SBIL operates as a government money market fund. However, unlike traditional money market funds, it will not maintain a stable net asset value (NAV) per share using the amortized cost method of valuation and will base the calculations on the market value of its investments instead. The fund invests at least 99.5% of its total assets in cash, US government securities, and secured repurchase agreements, aiming to maintain a portfolio dollar-weighted average maturity of 60 days or less. In addition, SBIL seeks to maintain at least 25% of its net assets in daily liquid assets and at least 50% in weekly liquid assets. The objective is to provide current income consistent with liquidity and capital stability. Note that a significant portion of the funds assets are overnight repurchase agreements, and income from these may not be exempt from state and local taxes. As an actively managed ETF, the buy, sell, and hold decisions are at the discretion of the fund adviser.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government82.24%
Cash17.76%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SBIL assets under management is 688.14 M USD. It's risen 22.84 K% over the last month.
SBIL fund flows account for 688.07 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SBIL doesn't pay dividends to its holders.
SBIL shares are issued by Simplify Asset Management, Inc. under the brand Simplify. The ETF was launched on Jul 14, 2025, and its management style is Active.
SBIL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SBIL invests in bonds.