Simplify Government Money Market ETF

SBIL

Market cap $5.02B

NEW YORK--(BUSINESS WIRE)--Simplify Asset Management announces that it expects to deliver capital gains distributions across ten ETFs.

SBIL is Simplify Asset Management's cash management vehicle for its ecosystem of mutual funds and ETFs, which need to maintain short-term, highly liquid cash balances. The ETF is structured as a Government Money Market Fund (MMF), adhering to the strict portfolio composition and liquidity requirements of SEC Rule 2a-7. Since credit risk is removed, the sole material risk is interest rate risk (Fed Funds). As the Federal Reserve cuts rates, the fund's monthly yield will decrease.

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NEW YORK--(BUSINESS WIRE)--Simplify launches SBIL, an ETF designed to be of particular use to those investors seeking the stability of a money market fund.