Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 7

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 7
---
 INCORPORATION BY REFERENCE OF CERTAIN DOCUMENTS          |     |   98 |
| FUTURES COMMISSION MERCHANTS                             |     |   99 |
| Litigation and Regulatory Disclosure Relating to FCMs    |     |   99 |
| Margin Levels Expected to be Held at the FCMs            |     |  106 |

iii Glossary of Terms “1933 Act”means the Securities Act of 1933 “1934 Act”means The Securities Exchange Act of 1934 “1940 Act”means the Investment Company Act of 1940 “Administrator”means Tidal ETF Services LLC “Administration Agreement”means the fund administration servicing agreement between the Trust and Tidal ETF Services LLC “AP”means authorized participant “Authorized Participant”means a financial entity (specifically a members or participant of a clearing agency registered with the SEC) that has a contractual arrangement with a Fund (or its service provider) to purchase and redeem ETF shares directly with the ETF in Creation Units “Benchmark”means, for SVIX, the Short Index; and means, for UVIX, twice (2x) the Long Index “Beneficial Owners”means owners of beneficial interests in Shares “Business Day”means any day on which the NYSE, the Exchange and the Trust are open for business. As of the date of this Prospectus, the NYSE observes the following holidays: New Year’s Day, Martin Luther King, Jr. Day, Presidents’ Day, Good Friday, Juneteenth, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. “CBOE”means Chicago Board Options Exchange, Incorporated “CFTC”means the Commodity Futures Trading Commission The “Code”means the Internal Revenue Code of 1986 “Creation Unit”means aggregations of specified numbers of Shares for which a Fund offers, issues and redeems Shares “Custodian”means U.S. Bank National Association “DSTA”means Delaware Statutory Trust Act “DTC”means The Depository Trust Company, a limited -purposetrust company “DTC Participants”means those participants who utilize the facilities of DTC “EU”means the European Union “Exchange”means CBOE BZX Exchange, Inc. “FCM”means a Futures Commission Merchant “FINRA”means the Financial Industry Regulatory Authority The “Fund”means either SVIX or UVIX The “Funds”mean both SVIX and UVIX “Fund Accountant”means U