Simplify Government Money Market ETF logo

Simplify Government Money Market ETF (SBIL)

Market Closed
27 Oct, 08:00 PM
ARCA ARCA
$
100. 04
-0.3
-0.304%
$
4.16B Market Cap
2.98% Div Yield
183,480 Volume
$ 100.34
Previous Close
Investors:
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Day Range
100.03 100.04
Year Range
100 100.71
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SBIL: Money Market Fund From Simplify

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 | 11 months ago