SBIL ETF — Simplify Government Money Market ETF

Simplify Government Money Market ETF (SBIL)

Updated October 2, 2026.

SBIL is a low-cost ETF linked to Actively managed portfolio of short-term U.S. Treasury bills.. its distribution rate is 3.48%, its trailing-12-month yield is 3.65%, its expense ratio is 0.15%. Total return is 4.7% over the past 1.2 years, 20.7 points behind SPY at 25.4%.

At the current 3.48% distribution rate, a $10,000 investment would generate approximately $348 per year, or $29.00 per month.

Simplify Government Money Market ETF is a money market fund that seeks attractive current income while preserving capital by laddering U.S. Treasury bills with maturities in the 0-6 month range. The fund invests at least 99.5% of its assets in cash, U.S. government securities, and repurchase agreements fully collateralized by government obligations, and distributes income monthly with a modest expense ratio of 0.15%. It appeals to conservative income investors prioritizing capital preservation and steady cash flow over growth.

SBIL performance versus SPY

Price and return data through 2026-10-02.

Total return is 4.7% over the past 1.2 years, 20.7 points behind SPY at 25.4%. Its deepest 1-year drawdown was 0.3%.

SBIL key facts

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/27/2021

Expense ratio

0.15%

Distribution rate

3.48%

Distribution frequency

Monthly

Trailing yield

3.65%

Last close

$100.12 (as of 2026-10-02)

AUM

$4,332,853,208

Average volume

293800.0

Last dividend

$0.29

Last ex-dividend date

09/25/2026

Last payment date

09/30/2026

Beta

0.0015

How Dividend Vision calculates yield and returns

Distribution rate (3.48%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.65%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs or company page; Index: Actively managed portfolio of short-term U.S. Treasury bills.; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SBIL risks and drawbacks

SBIL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.3%.

Who may consider SBIL — and who may not

SBIL may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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