Company: SVIX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044385
Chunk: 33

Company: VS Trust
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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    Gross 
Amounts of 
Recognized 
Liabilities 
presented
in the 
Statements of
Financial 
Condition

    Gross 
Amounts 
Offset
in the Statements of
Financial 
Condition

    Net 
Amounts of 
Liabilities presented
in the 
Statements of 
Financial 
Condition

    -1x Short VIX Futures ETF
     
    $
    -

    $
                     -

    $
    -

    $
    3,655,035

    $
                      -

    $
    3,655,035

    2x Long VIX Futures ETF

    4,152,478

    -

    4,152,478

    -

    -

    -

Asset (Liability) amounts shown in the table below
represent amounts owed to (by) the Funds for the derivative-related investments at March 31, 2025 and December 31, 2024. These amounts
may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether
the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount”
represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences
related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting
for Derivative Instruments”.

F-21

    Gross Amounts Not Offset in the Statements of Financial Condition as of March 31, 2025 (Unaudited)
  
    Fund 
    Amounts of  Recognized Assets /  (Liabilities)  presented  in the  Statements of  Financial  Condition  
    Financial Instruments  for the Benefit  of (the Funds)  / the  Counterparties  
    Cash  Collateral for  the Benefit of  (the Funds) /  the  Counterparties  
    Net Amount 
  
    -1x Short VIX Futures ETF 
    $1,471,674  
    $         -  
    $          -  
    $1,471,674 
  
    2x Long VIX Futures ETF 
     (2,191,128) 
     -  
     -  
     (2,191,128)