VEGASHARES US EQUITY AUTOCALLABLE CONSERVATIVE INCOME ETF (USD) VAIC.US

The VegaShares US Equity Autocallable Conservative Income ETF is an actively managed US equity-linked structured income fund. It seeks to provide regular income while offering reduced downside risk by tracking exposure to the NYSE US 500 Adaptive Vol Autocallable Conservative Index (also called the "Laddered Autocall Index"), which represents a diversified portfolio of synthetic autocallable notes referencing US equities.

In executing its strategy, the fund invests normally at least 80% of its net assets in instruments that deliver exposure to that laddered autocallable index. Each autocallable in the index has features such as periodic interest ("coupon") payments contingent on an equity reference level (coupon barrier), automatic early redemption if the equity reference meets or exceeds a predefined autocallable barrier on certain observation dates, and at maturity potential for reduced return if the equity falls below a principal barrier.

The "conservative" label reflects a more risk-moderate expected return profile relative to its peers within the autocallable ETF family, but the fund does not guarantee principal or distributions and is exposed to full equity market downside.

The fund is part of the VegaShares ETF Trust, advised by Vega Capital Partners LLC. It is structured as a non-diversified open-end management investment company under the Investment Company Act of 1940.

Its prospectus confirms it is an actively managed ETF registered in the United States.