Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 69

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 69
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55.4%   | 46.7%   |
| 50%            | 100%           | 125.0%           | 124.4%  | 122.8%  | 120.0%  | 116.2%  | 111.4%  | 105.6%  | 99.1%   | 91.7%   | 83.8%   | 75.2%   | 66.3%   | 57.0%   |
| 55%            | 110%           | 140.3%           | 139.7%  | 137.9%  | 134.9%  | 130.8%  | 125.7%  | 119.6%  | 112.6%  | 104.7%  | 96.2%   | 87.1%   | 77.5%   | 67.6%   |
| 60%            | 120%           | 156.0%           | 155.4%  | 153.5%  | 150.3%  | 146.0%  | 140.5%  | 134.0%  | 126.5%  | 118.1%  | 109.1%  | 99.4%   | 89.2%   | 78.6%   |

There can be no assurance that a Fund will achieve its investment objective or avoid substantial losses. A Fund does not seek to achieve its stated investment objective over a period of time greater than a single day because mathematical compounding prevents a Fund from achieving such results. Results for the Fund over

37 periods of time greater than a single day should not be expected to be a simple return of the Index. The Fund’s returns will likely differ in amount and possibly even direction from the inverse of (or twice) either the VIX or a portfolio of short -term VIX futures contracts over the same period. These differences can be significant. A Fund will lose money if its Index’s performance is flat over time, and a Fund can lose money regardless of the performance of its Index, as a result of daily rebalancing, fees, an Index’s volatility, compounding and other factors. Daily compounding of a Fund’s investment returns can dramatically and adversely affect its longer