Simplify Government Money Market ETF (SBIL)
Market Closed
3 Jun, 20:00
ARCA ARCA Primary $
100. 12
0
0%
$
2.78B Market Cap
2.98% Div Yield
68,729 Volume
$ 100.12
Previous Close Investors:
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SBIL: Money Market Fund From Simplify
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.
Seekingalpha | 6 months ago
