Company: SVIX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044385
Chunk: 29

Company: VS Trust
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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346,909)

  2x Long VIX Futures ETF     Assets   Liabilities      Assets   Liabilities   Long Futures Contracts:                        Index  Unrealized Appreciation*  $10,954,599   $                 -   Unrealized Appreciation*  $9,252,011   $(984,305)  Total fair values of derivative instruments     $10,954,599   $-      $9,252,011   $(984,305) 

  * Includes cumulative appreciation (depreciation) of futures contracts as reported in the Schedule of Futures Contracts. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. 

F-19

Statements of Operations

The effect of derivative instruments on the Statement
of Operations for the three months ended March 31, 2025 (Unaudited) and March 31, 2024 (Unaudited):

    Net Realized Gain (Loss) on Derivatives  
    Net Realized Gain (Loss) on Derivatives 

    For the three months ended
    March 31, 2025 (Unaudited)  
    For the three months ended
    March 31, 2024 (Unaudited) 

    Purchased  
    Short  
       
    Purchased  
    Short  

    -1x Short VIX Futures ETF 
    Option  
    Futures  
       
    Option  
    Futures  

    Derivatives 
    Contracts*  
    Contracts  
    Total  
    Contracts*  
    Contracts  
    Total 
  
    Index Contracts 
    $(1,518,833) 
    $(26,461,856) 
    $(27,980,689) 
    $(3,534,146) 
    $23,041,068  
    $19,506,922 
  
    Total 
    $(1,518,833) 
    $(26,461,856) 
    $(27,980,689) 
    $(3,534,146) 
    $23,041,068  
    $19,506,922 

    Purchased  
    Long  
       
    Purchased  
    Long  

    2x Long VIX