Company: SVIX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044385
Chunk: 8

Company: VS Trust
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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              CBOE Volatility Index, Expiration: 05/21/2025; Exercise Price: $35.00 (a)(b)  $24,285,200    10,900    872,000   TOTAL PURCHASED OPTIONS (Cost $648,843)             872,000  

    Shares  

    SHORT-TERM INVESTMENTS - 38.5% 

    Money Market Funds - 38.5% 

    First American Government Obligations Fund - Class X, 4.27% (c)(d) 
     110,920,800  
     110,920,800 
  
    TOTAL SHORT-TERM INVESTMENTS (Cost $110,920,800) 
        
     110,920,800 

    TOTAL INVESTMENTS - 38.8% (Cost $111,569,643) 
        
     111,792,800 
  
    Other Assets in Excess of Liabilities - 61.2% (e) 
        
     176,093,800 
  
    TOTAL NET ASSETS - 100.0% 
        
    $287,886,600 

Percentages are stated as a percent of net assets.

  (a) Exchange-traded.  (b) 100 shares per contract.  (c) The rate shown represents the 7-day annualized effective yield as of March 31, 2025.  (d)   Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.  (e) Includes cash of $154,592,364 that is pledged as collateral for options and futures contracts. 

See accompanying notes to the financial statements.

F-5

-1x Short VIX Futures
ETF

Schedule of Futures Contracts

March 31, 2025 (Unaudited)

  Description  Contracts Sold   Expiration  Date  Notional  Value   Value / Unrealized Appreciation (Depreciation)   CBOE Volatility Index   (7,307)  04/16/2025  $151,912,530   $(3,760,957)  CBOE Volatility Index