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SBIL

Simplify Government Money Market ETF

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As of 10/03/2025

NAV

$ 100.12

NAV Change

+ $ 0.02 /0.02%

Price

$ 100.11

Price Change

+ $ 0.00 /0.00%

The Simplify Government Money Market ETF (SBIL) seeks current income consistent with liquidity and stability of principal.

SBIL operates as a government money market fund pursuant to Rule 2a-7 under the Investment Company Act of 1940. 

SBIL can be used by investors who seek income and stability of principal and by investors seeking a Rule 2a-7 compliant investment in ETF format.

Although SBIL is a money market fund, it will have a floating net asset value and share price.

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Documents

Fund Overview

As of 10/03/2025

Ticker Symbol
SBIL
Gross Expense Ratio
0.15%
CUSIP
82889N269
Total Assets
$3,367,117,783.55
Shares Outstanding
33,630,001
Distribution Rate as of 08/31/2025 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
-
Distribution Frequency
Monthly
7-Day Current Yield as of 10/03/2025
4.05%
Options Available
No
Inception Date
07/14/2025
Premium/Discount (%) as of 10/03/2025
-0.01%
NAV Per Share as of 10/03/2025
$100.12
Market Price as of 10/03/2025
$100.11
30-Day Median Bid-Ask Spread
0.01%
Bid/Ask
$100.11/$100.13
Midpoint Price
$100.12
Volume
28,602
NAV Symbol
SBIL.NV
IOPV Symbol
SBIL.IV
Shares Out. Symbol
SBIL.SO
Schedule K-1
No

 

The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distribution includes an estimated 2% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees10.15%
Distribution and Service (12b-1) Fees0.00%
Other Expenses20.00%
Total Annual Fund Operating Expenses0.15%

1. Pursuant to a management agreement, Simplify Asset Management, Inc. (the “adviser”) pays all operating expenses of the Fund other than interest expenses, taxes, brokerage expenses, Rule 12b-1 fees (if any), acquired fund fees and expenses, expenses incidental to a meeting of the Fund’s shareholders, and the management fee. 
2. Other Expenses are estimated for the current fiscal year. 
To obtain the most recent 12 months of publicly available information filed by SBIL on the SEC website,  click here.

Fund Performance

As of 09/30/2025 09/30/2025

Monthly Quarterly Daily NAV Liquidity Assets
Cumulative Total Return 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.34% — — — — 0.90%
Market Price 0.35% — — — — 0.89%
Annualized Total Return 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative Total Return 1 Year Since Inception
NAV — 0.90%
Market Price — 0.89%
Annualized Total Return 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
Date Daily Liquid Assets Weekly Liquid Assets Weighted Average Maturity Weighted Average Life Daily Net Shareholder Cash Flow
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above. 

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance. 

Historical Premium/Discount

Calendar Year 2024 3rd Quarter of 2025
Days Traded at Premium
N/A
21
Days Traded at Discount
N/A
34
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 10/03/2025

Holdings - All ETFs
Ticker Name Quantity Weight
FFCB FEDERAL FARM CR 4.32103 28NOV25 FRN 30,000,000 0.90%
FFCB FEDERAL FARM CR 4.2771 05DEC25 FRN 10,000,000 0.30%
FHLB FEDERAL HOME LN 4.42671 10APR26 FRN 12,000,000 0.36%
FHLBDN FEDERAL HOME LN BK CONS 0.0 17OCT25 50,000,000 1.48%
FHLBDN FEDERAL HOME LN BK CONS 0.0 14NOV25 145,000,000 4.29%
FHLBDN 100,000,000 2.96%
FHLBDN FEDERAL HOME LN BK CONS 0.0 21NOV25 100,000,000 2.95%
FHLBDN FEDERAL HOME LN BK CONS 0.0 24NOV25 22,000,000 0.65%
FHLBDN FEDERAL HOME LN BK CONS 0.0 28NOV25 50,000,000 1.48%
FHLBDN 100,000,000 2.94%
FHLBDN FEDERAL HOME LN BK CONS 0.0 26DEC25 80,000,000 2.35%
FHLBDN FEDERAL HOME LN BK CONS 0.0 16APR26 158,000,000 4.60%
FHLMC FEDERAL HOME LN 4.30857 22SEP27 FRN 144,000,000 4.28%
TF UNITED STATES T 4.14346 31JAN26 FRN 41,000,000 1.23%
TF UNITED STATES TREA 0.00 31JUL26 FRN 125,000,000 3.74%
TF UNITED STATES T 4.10346 31OCT26 FRN 27,000,000 0.81%
TF UNITED STATES T 4.05846 30APR27 FRN 103,000,000 3.08%
TF UNITED STATES T 4.05746 31JUL27 FRN 50,000,000 1.50%
Treasury UNITED STATES TREAS N 3.875 15JAN26 22,000,000 0.66%
Treasury UNITED STATES TREAS NT 0.75 31MAY26 130,000,000 3.80%
T Bills UNITED STS TREAS BILLS 0.0 07OCT25 37,000,000 1.10%
T Bills UNITED STS TREAS BILLS 0.0 14OCT25 377,000,000 11.19%
T Bills UNITED STS TREAS BILLS 0.0 21OCT25 20,000,000 0.59%
T Bills UNITED STS TREAS BILLS 0.0 28OCT25 400,000,000 11.85%
T Bills UNITED STS TREAS BILLS 0.0 30OCT25 101,000,000 2.99%
T Bills UNITED STS TREAS BILLS 0.0 06NOV25 200,000,000 5.92%
T Bills UNITED STS TREAS BILLS 0.0 25NOV25 174,000,000 5.14%
T Bills UNITED STS TREAS BILLS 0.0 26DEC25 90,000,000 2.65%
- DREYFUS TRSY OBLIG CASH MGMT CL INS 1,748 0.00%
- Estimated Cash 478,833,751 14.22%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.35000
$0.47000
View Distribution History
S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.
S19(a) Notices Close
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

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