5 unchanged sentences
tables below provide information about each Fund’s Financial Instruments.
−Removed: As of June 30, 2023 and December 31, 2022, each of the Fund’s
−Removed: positions were as follows:
−Removed: Short VIX Futures ETF
−Removed: of June 30, 2023, SVIX was exposed to inverse equity market volatility risk through its holding of VIX futures contracts.
+Added: As of September 30, 2023 and December 31, 2022, each
+Added: of the Fund’s positions were as follows:
+Added: VIX Futures ETF
+Added: of September 30, 2023, SVIX was exposed to inverse equity market volatility risk through its holding of VIX futures contracts.
The following
−Removed: tables provide information about the Fund’s positions in VIX futures contracts as of June 30, 2023 and December 31, 2022, which were
−Removed: sensitive to equity market volatility risk.
−Removed: Futures Positions as of June 30, 2023
−Removed: Long or Short
−Removed: Valuation Price
−Removed: Contract Multiplier
−Removed: Notional Amount at Value
+Added: tables provide information about the Fund’s positions in VIX futures contracts as of September 30, 2023 and December 31, 2022,
+Added: which were sensitive to equity market volatility risk.
+Added: Positions as of September 30, 2023
VIX Futures (Cboe)
+Added: November, 2023
(44,891,520 )
VIX Futures (Cboe)
+Added: October, 2023
(65,538,030 )
−Removed: Futures Positions as of December 31, 2022
−Removed: Long or Short
−Removed: Valuation Price
−Removed: Contract Multiplier
−Removed: Notional Amount at Value
+Added: Positions as of December 31, 2022
+Added: Amount at Value
VIX Futures (Cboe)
January, 2023
−Removed: $ (26,634,000 )
VIX Futures (Cboe)
February, 2023
−Removed: (19,754,280 )
short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract
8 unchanged sentences
than a single day.
−Removed: Long VIX Futures ETF
−Removed: of June 30, 2023, UVIX was exposed to equity market volatility risk through its holding of VIX futures contracts.
−Removed: The following tables
−Removed: provide information about the Fund’s positions in these Financial Instruments as of June 30, 2023 and December 31, 2022, which were
−Removed: sensitive to equity market volatility risk.
−Removed: Futures Positions as of June 30, 2023
−Removed: Long or Short
−Removed: Valuation Price
−Removed: Contract Multiplier
−Removed: Notional Amount at Value
+Added: VIX Futures ETF
+Added: of September 30, 2023, UVIX was exposed to equity market volatility risk through its holding of VIX futures contracts.
+Added: The following
+Added: tables provide information about the Fund’s positions in these Financial Instruments as of September 30, 2023 and December 31,
+Added: 2022, which were sensitive to equity market volatility risk.
+Added: Positions as of September 30, 2023
+Added: Amount at Value
VIX Futures (Cboe)
+Added: November, 2023
VIX Futures (Cboe)
−Removed: Futures Positions as of December 31, 2022
−Removed: Long or Short
−Removed: Valuation Price
−Removed: Contract Multiplier
−Removed: Notional Amount at Value
+Added: October, 2023
+Added: Positions as of December 31, 2022
+Added: Amount at Value
VIX Futures (Cboe)
17 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.