Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 907

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 907
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   $16,457,605   Total  $(8,015,082)  $24,472,687   $16,457,605  

  2x Long VIX Futures ETF  Purchased   Long          Option   Futures       Derivatives  Contracts*   Contracts   Total   Index Contracts  $         -   $(47,624,517)  $(47,624,517)  Total  $-   $(47,624,517)  $(47,624,517) 

     Net Change in Unrealized Appreciation (Depreciation) on Derivatives   -1x Short VIX Futures ETF  Purchased   Short          Option   Futures       Derivatives  Contracts**   Contracts   Total   Index Contracts  $943,956   $(11,995,820)  (11,051,864)  Total  $943,956   $(11,995,820)  (11,051,864) 

    2x Long VIX Futures ETF 
    Purchased  
    Long  

    Option  
    Futures  

    Derivatives 
    Contracts**  
    Contracts  
    Total 
  
    Index Contracts 
    $           -  
    $16,445,324  
    $16,445,324 
  
    Total 
    $-  
    $16,445,324  
    $16,445,324 

*The amounts disclosed are included in the realized gain (loss)
on investments.

**The amounts disclosed are included in the change in unrealized
appreciation (depreciation) on investments.

F-31

Statements of Assets and Liabilities

Fair values of derivative instruments as of December 31, 2023:

     Statements of Assets    Fair Value   -1x Short VIX Futures ETF  and Liabilities Location  Assets   Liabilities   Purchased Option Contracts:             Index  Investments, at value  $360,000   $      -   Short Futures Contracts:               Index  Unrealized Appreciation*   7,980,684    -   Total fair values of derivative instruments     $8,340,684   $-  

  2x Long V