7 unchanged sentences
Fund’s Financial Instruments.
−Removed: As of March 31, 2025 (Unaudited) and December 31, 2024, each of the Fund’s positions were as
+Added: As of June 30, 2025 (Unaudited) and December 31, 2024, each of the Fund’s positions were as
-1x Short VIX Futures ETF
−Removed: As of March 31, 2025, SVIX was exposed to inverse
+Added: As of June 30, 2025, SVIX was exposed to inverse
equity market volatility risk through its holding of VIX futures contracts.
The following tables provide information about the Fund’s
−Removed: positions in VIX futures contracts as of March 31, 2025 (Unaudited) and December 31, 2024, which were sensitive to equity market volatility
−Removed: Futures Positions as of March 31, 2025 (Unaudited)
−Removed: Notional Amount at
+Added: positions in VIX futures contracts as of June 30, 2025 (Unaudited) and December 31, 2024, which were sensitive to equity market volatility
+Added: Futures Positions as of June 30, 2025 (Unaudited)
+Added: Long or Short
+Added: Expiration Date
+Added: Contracts Sold
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
CBOE Volatility Index
3 unchanged sentences
Futures Positions as of December 31, 2024
−Removed: Notional Amount at
+Added: Long or Short
+Added: Expiration Date
+Added: Contracts Sold
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
CBOE Volatility Index
17 unchanged sentences
2x Lon g VIX Futures ETF
−Removed: As of March 31, 2025, UVIX was exposed to equity
+Added: As of June 30, 2025, UVIX was exposed to equity
market volatility risk through its holding of VIX futures contracts.
The following tables provide information about the Fund’s positions
−Removed: in these Financial Instruments as of March 31, 2025 and December 31, 2024, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2025 (Unaudited)
−Removed: Notional Amount at
+Added: in these Financial Instruments as of June 30, 2024 and December 31, 2024, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2025 (Unaudited)
+Added: Long or Short
+Added: Expiration Date
+Added: Contracts Sold
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
CBOE Volatility Index
+Added: $ 642,023,960
CBOE Volatility Index
Futures Positions as of December 31, 2024
−Removed: Notional Amount at
+Added: Long or Short
+Added: Contracts Purchased
+Added: Valuation Price
+Added: Contract Multiplier
+Added: Notional Amount at Value
CBOE Volatility Index
16 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.