SBIL – Simplify Government Money Market ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income as is consistent with liquidity and stability of principal. The fund operates as a “government money market fund” pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended, and is subject to related restrictions on its portfolio composition. Consequently, the fund invests at least 99.5% of its total assets in (i) cash, (ii) U.S. government securities, and (iii) repurchase agreements fully collateralized by such obligations or cash.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SBIL	Simplify Government Money Market ETF	ETF	Open	—	—	Jul 14, 2025	$4.07B	0.150%	—	—	$613.85M

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