Sign in Subscribe
Financial markets

Simplify Asset Management Launches Simplify Government Money Market ETF

Strategic Insights

— 1 min read

Simplify Asset Management, a US-based exchange-traded funds provider, has expanded its lineup of income-focused ETFs with the launch of the Simplify Government Money Market ETF (SBIL). This new fund aims to provide investors with current income consistent with liquidity and stability of principal by investing in cash, US government securities, and repurchase agreements fully collateralized by such obligations or cash. The fund's portfolio will maintain a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less, making it a true money market fund in an ETF wrapper.

Key Takeaways:

  • The Simplify Government Money Market ETF (SBIL) is a new income-focused ETF launched by Simplify Asset Management, aiming to provide current income consistent with liquidity and stability of principal.
  • The fund invests at least 99.5% of its assets in cash, US government securities, and repurchase agreements fully collateralized by such obligations or cash.
  • The fund maintains a portfolio dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less, qualifying as a true money market fund in an ETF wrapper.
  • Simillif Asset Management, the provider of SBIL, is a Registered Investment Adviser founded in 2020 to help advisors tackle portfolio challenges with innovative options-based strategies.
  • The fund operates under Rule 2a-7, which governs money market funds, requiring a minimum of 10% and 30% of total assets in daily and weekly liquid assets, respectively.
  • The fund will have a floating net asset value and share price, unlike traditional money market funds.

Statistics:

  • The Simplify Government Money Market ETF (SBIL) invests at least 99.5% of its assets in cash, US government securities, or repurchase agreements.
  • The fund maintains a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less.
  • Simplify Asset Management was founded in 2020 as a Registered Investment Adviser.
  • Rule 2a-7 requires money market funds to hold at least 10% of their total assets in daily liquid assets and at least 30% in weekly liquid assets.

Sources:

  • M2 EQUITYBITES-July 16, 2025-Simplify Asset Management Launches Simplify Government Money Market ETF
  • http://www.m2.co.uk
  • Rule 2a-7 under the Investment Company Act of 1940.

Read more