New fund is a true government money market fund in the liquid, convenient ETF wrapper

Simplify Asset Management (“Simplify”), a leading provider of Exchange Traded Funds (“ETFs”), today announced a further expansion of its lineup of income-focused ETFs with the launch of the Simplify Government Money Market ETF (SBIL).

SBIL seeks current income consistent with liquidity and stability of principal by investing at least 99.5% of its assets in cash, U.S. 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.

The fund is a true money market fund, in an ETF wrapper, and can be considered a “cash” position of particular use for those investors seeking the stability of a money market fund.

“We’re excited to expand our product lineup with a cash-equivalent solution that aligns with the marketplace’s ongoing demand for income and stability of principal,” said David Berns, Chief Investment Officer and Co-Founder of Simplify. “We’re also excited about how we have constructed SBIL as a Rule 2a-7 compliant holding, making this ETF potentially appealing for institutional investors as well, who may find utility in holding a low-cost government money market fund in the convenient ETF format.”

As alluded to above, SBIL operates as a government money market fund pursuant to Rule 2a-7 under the Investment Company Act of 1940. Although SBIL is a money market fund, it will have a floating net asset value and share price.

For more information on the Simplify Government Money Market ETF (SBIL), visit https://www.simplify.us/.

ABOUT SIMPLIFY ASSET MANAGEMENT INC

Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.

GLOSSARY:

Rule 2a-7: The principal rule governing money market funds. Currently, the rule requires that immediately after the acquisition of an asset, a money market fund must hold at least 10% of its total assets in daily liquid assets and at least 30% of its total assets in weekly liquid assets.

IMPORTANT INFORMATION:

Investors should carefully consider the investment objectives, risks, charges, and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (855) 772-8488, or visit SimplifyETFs.com. Please read the prospectus carefully before you invest.

An investment in the fund involves risk, including possible loss of principal.

The fund is actively managed and is subject to the risk that the strategy may not produce the intended results. The fund is new and has a limited operating history to evaluate.

Although the Fund will seek to continue to qualify as a “government money market fund,” it will not seek to maintain a stable net asset value (“NAV”) per share using the amortized cost or penny rounding method of valuation. Instead, the Fund will calculate its NAV per share based on the market value of its investments. In addition, unlike a traditional money market fund, the Fund operates as an exchange-traded fund (“ETF”).

As an ETF, the Fund’s shares will be traded on NYSE Arca, Inc. (“NYSE Arca”) and will generally fluctuate in accordance with changes in NAV per share as well as the relative supply of, and demand for, shares on NYSE Arca. You could lose money by investing in the Fund.

Interest Rate Risk: Interest rate risk is the risk that the value of a debt security may fall when interest rates rise. In general, the market price of debt securities with longer maturities will go down more in response to changes in interest rates than the market price of shorter-term securities. Due to fluctuations in interest rates, the market value of such securities may vary during the period shareholders own shares of the Fund.

U.S. Treasury Market Risk: Direct obligations of the U.S. Treasury have historically involved little risk of loss of principal if held to maturity. However, due to fluctuations in interest rates, the market value of such securities may vary during the period shareholders own shares of the Fund. U.S. Government Obligations Risk. Securities issued by certain U.S. Government agencies and U.S. government-sponsored enterprises are not guaranteed by the U.S. Government or supported by the full faith and credit of the United States.

Simplify Asset Management Inc. or its affiliates, nor Foreside Financial Services, LLC, or its affiliates accept any responsibility for loss arising from use of the information.

Simplify ETFs are distributed by Foreside Financial Services, LLC. Foreside and Simplify are not related.

©2025 Simplify ETFs. All rights reserved.

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“We’re excited to expand our product lineup with a cash-equivalent solution that aligns with the marketplace’s ongoing demand for income and stability of principal,” David Berns, Chief Investment Officer and Co-Founder of Simplify.