Introducing the Simplify Government Money Market ETF (SBIL)

NEW YORK – Simplify Asset Management (“Simplify”), a leading provider of Exchange Traded Funds (“ETFs”), today announced a further expansion of its lineup of income-focused ETFs with the launch of the Simplify Government Money Market ETF (SBIL).

SBIL seeks current income consistent with liquidity and stability of principal by investing at least 99.5% of its assets in cash, U.S. Government securities, and repurchase agreements fully collateralized by such obligations or cash. The fund maintains a portfolio dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less.

The fund is a true money market fund, in an ETF wrapper, and can be considered a “cash” position of particular use for those investors seeking the stability of a money market fund.

“We’re excited to expand our product lineup with a cash-equivalent solution that aligns with the marketplace’s ongoing demand for income and stability of principal,” said David Berns, Chief Investment Officer and Co-Founder of Simplify. “We’re also excited about how we have constructed SBIL as a Rule 2a-7 compliant holding, making this ETF potentially appealing for institutional investors as well, who may find utility in holding a low-cost government money market fund in the convenient ETF format.”

As alluded to above, SBIL operates as a government money market fund pursuant to Rule 2a-7 under the Investment Company Act of 1940. Although SBIL is a money market fund, it will have a floating net asset value and share price.

More information on Simplify Government Money Market ETF (SBIL).

ABOUT SIMPLIFY ASSET MANAGEMENT INC 

Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking.