Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 18

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 18
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 when aggregated in Creation Units, Shares are not generally redeemable individually. The prices at which creations and redemptions occur are based on the next calculation of the NAV after an order is received in proper form, as described in the Authorized Participant Agreement and the related Authorized Participant Procedures Handbook. The manner by which Creation Units are purchased and redeemed is governed by the terms of this Prospectus, the Authorized Participant Agreement and Authorized Participant Procedures Handbook. Creation and redemption orders are not effective until accepted by the Marketing Agent and may be rejected or revoked. By placing a purchase order, an Authorized Participant agrees to deposit cash (unless as provided otherwise in this Prospectus) with the Funds’ Custodian. Creation and redemption transactions must be placed each day the Authorized Participant by the create/redeem cut -offtime (stated below) to receive that day’s NAV, or earlier if, for example, the Exchange or other exchange material to the valuation or operation of a Fund closes before such cut -offtime. See the section entitled “Net Asset Value”for additional information about NAV calculations.

| Create/Redeem Cut-off    |     | NAV Calculation Time     |
| 2:00 p.m. (Eastern Time) |     | 4:00 p.m. (Eastern Time) |

8

Breakeven Amounts The Funds will be profitable only if returns from the Funds’ investments exceed their “breakeven amount.” The Estimated breakeven amount is set forth in the table below. The estimated breakeven amount represents the estimated amount of trading income that the Funds would need to achieve during one year to offset the Funds’ estimated fees, costs and expenses, net of any interest income earned by the Funds on their investments. Estimated amounts do not represent actual results, which may be different. It is not possible to predict whether the Funds will break even at the end of the first twelve months of an investment or any other period. See section “Charges — Breakeven Tables,”for more detailed tables showing Breakeven Amounts.

| Fund Name                        |     |   Breakeven 
      Amount 
      (% Per 
       Annum 
  of Average 
 Daily NAV)* |   |     | Assumed     
 Selling     
 Price       
 Per Shares* |       |     | Breakeven     
 Amount        
 ($ for the    
 Assumed       
 Selling Price 
 Per Shares)*  |      |
|:---------------------------------|:----|------------:|:--|:----|:------------|------:|:----|