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SBIL

GradeANew York Stock Exchange Arca

Simplify Government Money Market ETF

Treasury & Government Bond · Simplify · Inception 2025-07-14 · SEC filings

$100.29+0.02 (+0.02%)

As of Sep 23, 2026, 1:36 PM EDT

History starts Jul 15, 2025.
Intraday session: up, 15 prints from 100.27 to 100.29. Range 100.28 to 100.29. Use the arrow keys to read each point.$100.28$100.28$100.2910 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$4.5B
1Y return
+3.7%
Yield · Last 12 months
3.70%
Volume · 30D
0.3M sh
NAV per share
$100.26
52W range
low $100.00high $100.71

The ETF.net SBIL Grade

A

73/ 100

Rank 17 of 78 in Cash & Ultra-Short Income⁠

Confidence High

Six-pillar profile for SBIL. Scores out of 100: Cost 68, Risk 54, Mission 100, Tradability 80, Holdings 53, Durability 64. Strongest: Mission (100). Weakest: Holdings (53). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 68
    Category rank28/78 · top 36%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank35/64 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank26/75 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank11/78 · top 14%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank43/77 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank29/78 · top 37%

Graded as of Sep 22, 2026

Our read on SBIL

ETF.net Research

AMoney market discipline in an ETF wrapper: government cash instruments, current income, stability of principal, all for 0.15% a year with monthly payouts.

Stated mandate

The fund seeks current income while maintaining liquidity and stability of principal.

Why people hold it

  1. 01Costs 0.15% a year against a 0.20% median for cash-alternative ETFs. On parked cash, the fee is the part you actually control.
  2. 02Government paper only, exactly as the mandate reads: current income with liquidity and stability of principal. No drift into corporate credit.
  3. 03One of the strongest implementations in a 22-fund cash-alternative group, and it has already crossed the billion-dollar mark.
  4. 04Distributions land monthly, and it changes hands on an exchange through the trading day rather than at a fund cutoff time.

Worth knowing

  1. 01Launched July 2025, so the history behind any risk read is short.
  2. 02ICSH runs 0.08%, so cheaper cash parking exists if the fee line is your only filter.
  3. 03Government issues only means it skips the corporate paper broader ultra-short funds like JPST can hold: steadier ingredients, different income mix.

SBIL Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Bonds
Holdings
—
Top-10 weight
24%
Largest holding
Cash and Cash Equivalents9.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash and Cash Equivalents9.37%430,997,723$431M2
002—FHLMC Float 09/22/27 Corp3.13%144,000,000$144M1
003—US Tsy FRN 07/31/27 Govt2.18%100,000,000$100M4
004—US Tsy FRN 10/31/27 Govt1.52%70,000,000$70M6
005—FHLBDN 10/08/26 Corp1.52%70,000,000$70M2
006—US Tsy FRN 04/30/27 Govt1.37%63,000,000$63M5
007—FHLBDN 10/29/26 Corp1.30%60,000,000$60M1
008—FHLBDN 11/17/26 Corp1.30%60,000,000$60M1
009—FHLBDN 01/22/27 Corp1.29%60,000,000$59M1
010—FHLBDN 10/23/26 Corp1.27%58,749,000$59M1
011—FHLBDN 10/30/26 Corp1.17%54,300,000$54M2
012—FHLBDN 10/21/26 Corp1.16%53,800,000$54M2
013—FHLBDN 09/28/26 Corp1.15%53,100,000$53M1
014—US Tsy FRN 01/31/28 Govt1.09%50,000,000$50M5
015—US Tsy FRN 01/31/27 Govt1.09%50,000,000$50M6

Showing 1–15 of 175 holdings

SBIL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SBIL$10,371
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SBIL $10,371. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SBIL. Periods over one year show the average yearly return.
PeriodSBIL
Year to date+2.6%
1 month+0.3%
3 months+0.9%
1 year+3.7%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SBIL
YearReturn barSBIL
2026 YTD+2.6%
2025+1.9%

History from Jul 15, 2025

SBIL in the news

ETF.net Research hasn’t filed on SBIL yet — coverage lands here as it’s written.

SBIL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.70%Last 12 months
Payout per share
$3.71Last 12 months
Last payment
$0.31 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 13 payments from 2025 to 2026 YTD. Aug 26, 2025 $0.47; Sep 25, 2025 $0.35; Oct 28, 2025 $0.34; Nov 21, 2025 $0.27; Dec 23, 2025 $0.36; Jan 27, 2026 $0.32; Feb 24, 2026 $0.30; Mar 26, 2026 $0.27; Apr 27, 2026 $0.30; May 26, 2026 $0.28; Jun 25, 2026 $0.30; Jul 28, 2026 $0.31; Aug 26, 2026 $0.31. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 26, 2026Aug 31, 2026$0.31
Jul 28, 2026Jul 31, 2026$0.31
Jun 25, 2026Jun 30, 2026$0.30
May 26, 2026May 29, 2026$0.28
Apr 27, 2026Apr 30, 2026$0.30
Mar 26, 2026Mar 31, 2026$0.27
Feb 24, 2026Feb 27, 2026$0.30
Jan 27, 2026Jan 30, 2026$0.32
Dec 23, 2025Dec 31, 2025$0.36
Nov 21, 2025Nov 28, 2025$0.27
Oct 28, 2025Oct 31, 2025$0.34
Sep 25, 2025Sep 30, 2025$0.35

SBIL Risk

How much the fund’s monthly returns vary, scaled to a year.
0.1%
Annualised · 13 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.61
vs 3-month T-bills · 13 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−0.03%
14 months · trough Apr 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.002
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SBIL Cost

Expense ratio0.15%
  • The middle half of Cash & Ultra-Short Income funds
  • Median 0.19%

20 of the 77 Cash & Ultra-Short Income funds charge less.

SBIL costs $15.00 a year on $10,000. The median Cash & Ultra-Short Income fund costs $19.00.