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Launched · SEC filings

Simplify Government Money Market ETF

SBILNYSE ArcaA

$100.20+0.02 (+0.02%)

At close: Oct 13, 2026, 4:00 PM

A73/ 100

Rank 18 of 78 in Cash & Ultra-Short Income

A73/100Rank 18 of 78inCash & Ultra-Short Income
Intraday session: up, 22 prints from 100.18 to 100.20. Range 100.20 to 100.21. Use the arrow keys to read each point.100.19100.19100.19100.20100.2110 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$4.2B
1Y total return
+3.7%
Yield · Last 12 months
3.64%
Holdings
170
Avg volume · 30D
0.4M sh
NAV per share
$100.17
52W range
low $100.00high $100.71
Launched
Filings
SEC EDGAR

The ETF.net SBIL Grade

A

Score 73 out of 100

Category
Cash & Ultra-Short Income⁠
Rank
18 of 78
Six-pillar profile for SBIL. Scores out of 100: Cost 68, Risk 49, Mission 100, Tradability 82, Holdings 51, Durability 64. Strongest: Mission (100). Weakest: Risk (49). Leans toward Mission.

Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 21 of 78

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 66

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 42 of 75

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 11 of 78

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C51 out of 100
    Rank 46 of 77

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 29 of 78

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 Oct 13, 2026
Asset class
Bonds
Holdings
170
Top-10 weight
28%
Largest holding
Cash and Cash Equivalents11.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash and Cash Equivalents11.58%483,452,942$483M2
002—FHLMC Float 09/22/27 Corp3.45%144,000,000$144M1
003—US Tsy FRN 07/31/27 Govt2.40%100,000,000$100M4
004—US Tsy FRN 10/31/27 Govt1.68%70,000,000$70M6
005—FHLBDN 10/15/26 Corp1.68%70,000,000$70M2
006—US Tsy FRN 04/30/27 Govt1.51%63,000,000$63M5
007—FHLBDN 01/22/27 Corp1.42%60,000,000$59M1
008—FHLBDN 10/23/26 Corp1.41%58,749,000$59M1
009—FHLBDN 10/30/26 Corp1.30%54,300,000$54M2
010—FHLBDN 10/21/26 Corp1.29%53,800,000$54M2
011—US Tsy FRN 01/31/27 Govt1.20%50,000,000$50M6
012—T 4 1/4 12/31/26 Govt1.20%50,000,000$50M8
013—B 10/27/26 Govt1.20%50,000,000$50M19
014—FHLBDN 10/29/26 Corp1.20%50,000,000$50M1
015—B 11/3/26 Govt1.20%50,000,000$50M21

Showing 1–15 of 170 holdings

SBIL Performance

Launched Jul 14, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
SBIL$10,368
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SBIL $10,368. SPY $12,044. Use the arrow keys to read each point.$9,547$10,896$12,245Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+2.8%
1 month+0.3%
3 months+0.9%
1 year+3.7%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+2.8%
2025+1.9%

History from Jul 15, 2025

SBIL in the news

Filtered to SBIL · Cash & Ultra-Short Income

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 Oct 12, 2026.
3.64%Last 12 months
Payout per share
$3.65Last 12 months
Last payment
$0.29 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. 14 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; Sep 25, 2026 $0.29. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.29
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

SBIL Risk

How much the fund’s monthly returns vary, scaled to a year.
0.1%
Annualised · 14 months to Sep 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.
−1.01
vs 3-month T-bills · 14 months to Sep 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 78 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.

Other funds in Cash & Ultra-Short Income

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