8 unchanged sentences
each Fund’s Financial Instruments.
−Removed: As of September 30, 2022, each of the Fund’s positions were as follows:
+Added: As of March 31, 2023 and December 31, 2022, each of the Fund’s positions were as follows:
-1x Short VIX Futures ETF
−Removed: As of September 30, 2022, SVIX was exposed
+Added: As of March 31, 2023, SVIX was exposed
to inverse equity market volatility risk through its holding of VIX futures contracts.
−Removed: The following table provides information about
−Removed: the Fund’s positions in VIX futures contracts as of September 30, 2022, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as
−Removed: of September 30, 2022
+Added: The following tables provide information
+Added: about the Fund’s positions in VIX futures contracts as of March 31, 2023 and December 31, 2022, which were sensitive to equity
+Added: market volatility risk.
+Added: Futures Positions as of March 31, 2023
Long or Short
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
VIX Futures (Cboe)
1 unchanged sentence
VIX Futures (Cboe)
−Removed: November 2022
(32,612,250 )
+Added: Futures Positions as of December 31,
+Added: Long or Short
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
+Added: VIX Futures (Cboe)
+Added: January, 2023
+Added: $ (26,634,000 )
+Added: VIX Futures (Cboe)
+Added: February, 2023
+Added: (19,754,280 )
The short futures notional values are calculated
13 unchanged sentences
2x Long VIX Futures ETF
−Removed: As of September 30, 2022, UVIX was exposed
−Removed: to equity market volatility risk through its holding of VIX futures contracts.
+Added: As of March 31, 2023, UVIX was exposed to
+Added: equity market volatility risk through its holding of VIX futures contracts.
The following tables provide information about the Fund’s
−Removed: positions in these Financial Instruments as of September 30, 2022, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as
−Removed: of September 30, 2022
+Added: positions in these Financial Instruments as of March 31, 2023 and December 31, 2022, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of March 31,
Long or Short
−Removed: Notional Amount
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
VIX Futures (Cboe)
1 unchanged sentence
VIX Futures (Cboe)
−Removed: November 2022
+Added: Futures Positions as of December 31,
+Added: Long or Short
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
+Added: VIX Futures (Cboe)
+Added: January, 2023
+Added: $ 144,078,360
+Added: VIX Futures (Cboe)
+Added: February, 2023
The futures notional values are
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.