Here are the 424B prospectus supplements from -1x Short VIX Futures ETF (SVIX) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow SVIX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SVIX filings page.
VS Trust (symbol SVIX) offers common units of beneficial interest in two exchange-traded commodity pools, the -1x Short VIX Futures ETF (SVIX) and the 2x Long VIX Futures ETF (UVIX), under a shelf registration covering an indeterminate amount of shares.
SVIX targets the daily inverse performance of the Short VIX Futures Index, and UVIX targets 2x daily performance of the Long VIX Futures Index; both rebalance daily and are designed for single-day exposure, not long-term holding. The funds use VIX futures and other derivatives, are highly volatile, and investors can lose their entire investment within a single day, especially in turbulent markets and due to compounding. Shares trade on CBOE BZX, are created and redeemed only in 10,000‑share Creation Units by Authorized Participants at NAV, and these products are not registered investment companies, so they lack 1940 Act protections. Each fund issues a Schedule K‑1 for tax reporting, and the prospectus highlights significant commodity pool, leverage, liquidity, and counterparty risks.