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.
Related funds
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SBIL trades at 100.03 USD today, its price has risen 0.01% in the past 24 hours. Track more dynamics on SBIL price chart.
SBIL assets under management is 678.07 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SBIL invests in bonds. See more details in our Analysis section.
No, SBIL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, SBIL doesn't pay dividends to its holders.
SBIL shares are issued by Simplify Asset Management, Inc.
SBIL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 14, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.