Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 19

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 19
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:--------------|-----:|
| -1x Short VIX Futures ETF (SVIX) |     |        0.33 | % |     | $           | 15.57 |     | $             | 0.05 |
| 2x Long VIX Futures ETF (UVIX)   |     |        1.42 | % |     | $           | 22.31 |     | $             | 0.32 |

____________ *The breakeven analysis set forth in this table assumes that the Shares have a constant NAV equal to the amount shown. The amount approximates the NAV of such Shares on June 30, 2025. The actual NAV of the Fund differs and is likely to change on a daily basis. The numbers in this chart have been rounded to the nearest 0.01. Important Tax Information Please note that the Funds will distribute to shareholders a Schedule K -1that will contain information regarding the income and expense items of a Fund. The Schedule K -1is a complex form and shareholders may find that preparing tax returns may require additional time or may require the assistance of an accountant or other tax preparer, at an additional expense to the shareholder.

9

RISK FACTORS The Funds may be highly volatile and generally are intended for short -term investment purposes only. Investing in the Funds involves significant risks not applicable to other types of investments. You could potentially lose the full principal value of your investment within a single day. Before you decide to purchase any Shares, you should consider carefully the risks described below together with all of the other information included in this Prospectus, as well as information found in documents incorporated by reference in this Prospectus. These risk factors may be amended, supplemented or superseded from time to time by risk factors contained in any periodic report, prospectus supplement, post -effective amendment or in other reports filed with the SEC in the future. Risks Specific to the Funds In addition to the risks described elsewhere in this “Risk Factors”section, the following risks apply to the Funds. Special Note Regarding Recent Market Events From time to time, global financial markets experience periods of unprecedented turmoil. During these periods, the financial sector may result in reduced or altered liquidity in the markets and an unusually high degree of volatility, both domestically and internationally. In addition, events such as earthquakes, hurricanes, epidemics and pandemics and other unforeseen natural or human disasters, may have broad adverse social, political, and economic effects on the global economy, which could negatively impact