Simplify Government Money Market ETF

Frequently Asked Questions About SBIL

What does SBIL invest in?

The Simplify Government Money Market ETF (SBIL) is designed to provide investors with current income while maintaining a strong emphasis on liquidity and the preservation of an investor's initial capital. This fund operates specifically as a government money market fund, adhering to the strict guidelines outlined in Rule 2a-7 of the Investment Company Act of 1940. SBIL serves as an attractive option for individuals looking for both consistent earnings and the safety of their principal, as well as for those who require an investment vehicle that complies with Rule 2a-7 regulations and is available in an ETF format. It's crucial to understand, however, that despite being a money market fund, SBIL possesses a floating net asset value (NAV), meaning its share price will fluctuate.

What is the expense ratio of SBIL?

Simplify Government Money Market ETF (SBIL) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is SBIL's dividend yield?

SBIL's trailing-twelve-month yield is 3.08%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SBIL?

Effective duration measures SBIL's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SBIL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SBIL?

SBIL's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SBIL?

Yield to maturity (YTM) is the total return you'd earn from SBIL if every bond in the portfolio is held to maturity at the current price. SBIL's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.