Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 12

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 12
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 As a result, the performance of SVIX also can be expected to be very different from the inverse ( -1x) of the actual volatility of the S&P 500, or the inverse ( -1x) performance of either the VIX or a portfolio of short -termVIX futures contracts. The Long Index, the Index used by UVIX, consists of short -termVIX futures contracts. As such, twice the performance of the Long Index, and therefore the performance of UVIX, can be expected to be very different from the actual volatility of the S&P 500 or twice the performance of the VIX. As a result, the performance of UVIX also can be expected to be very different from twice (2x) the actual volatility of the S&P 500, or twice (2x) the performance of either the VIX or a portfolio of short -termVIX futures contracts. The potential upside of an investment in a Fund may be limited. Gains, if any, may be subject to significant and unexpected reversals. The Funds are generally intended to be used only for short -terminvestment horizons. Investors holding Shares of a Fund beyond short -termperiods have an increased risk of losing all or a substantial portion of their investment. Shareholders who invest in a Fund should actively manage and monitor their investments, as frequently as daily. Overview SVIX and UVIX are each separate series of the Trust. SVIX seeks daily investment results, before fees and expenses, that correspond to the performance of the Short Index for a single day, not for any other period. The return of the Fund for a period longer than a single day is the result of its return for each day compounded over the period and usually will differ in amount and possibly even direction from the performance of the inverse ( -1x) performance of either the VIX or a portfolio of short -termVIX futures contracts over the same period. These differences can be significant. UVIX seeks daily investment results, before fees and expenses, that correspond to twice the performance of the Long Index for a single day, not for any other period. The return of the Fund for a period longer than a single day is the result of its return for each day compounded over the period and usually will differ in amount and possibly even direction from the performance of twice (2x) the performance of either the VIX or a portfolio of short -termVIX futures contracts over the same period. These differences can be significant. Neither Fund is benchmarked