Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 8

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 8
---
IX was developed by the CBOE and is calculated, maintained and published by the CBOE. The CBOE may
change the methodology used to determine the VIX and has no obligation to continue to publish, and may discontinue the publication of,
the VIX. The VIX is reported by Bloomberg Finance L.P. under the ticker symbol “VIX.”

The S&P 500

The S&P 500 is an index that measures large-cap
U.S. stock market performance. It is a float-adjusted market capitalization weighted index of 500 U.S. operating companies and real estate
investment trusts selected by the S&P U.S. Index Committee through a non-mechanical process that factors in criteria such as liquidity,
price, market capitalization and financial viability. Reconstitution occurs both on a quarterly and ongoing basis. S&P publishes
the S&P 500. The daily calculation of the current value of the S&P 500 is based on the relative value of the aggregate market
value of the common stocks of 500 companies as of a particular time compared to the aggregate average initial market value of the common
stocks of 500 similar companies at the time of the inception of the S&P 500. The 500 companies are not the 500 largest publicly traded
companies and not all 500 companies are listed on the Exchange. S&P chooses companies for inclusion in the S&P 500 with the objective
of achieving a distribution by broad industry groupings that approximates the distribution of these groupings in the common stock population
of the U.S. equity market. S&P may from time to time, in its sole discretion, add companies to, or delete companies from, the S&P
500 to achieve the objectives stated above. Relevant criteria employed by S&P include the viability of the particular company, the
extent to which that company represents the industry group to which it is assigned, the extent to which the company’s common stock
is widely held and the market value and trading activity of the common stock of that company.

Information about the Index Provider

EACH FUND IS NOT SPONSORED, ENDORSED, SOLD OR
PROMOTED BY S&P AND ITS AFFILIATES OR CBOE. S&P AND CBOE MAKE NO REPRESENTATION, CONDITION OR WARRANTY, EXPRESS OR IMPLIED, TO
THE OWNERS OF A FUND OR ANY MEMBER OF THE PUBLIC REGARDING THE ADVISABILITY OF INVESTING IN SECURITIES GENERALLY OR IN THE F