Company: SVIX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075845
Chunk: 13

Company: VS Trust
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
 397,874,890  
     638,438  
     68,726,366 
  
    NET INCREASE (DECREASE) IN CASH 
     -  
     (1,189,437) 
     (3,861,622) 
     - 
  
    Beginning of Period 
     -  
     1,189,437  
     5,032,398  
     - 
  
    End of Period 
    $-  
    $-  
    $1,170,776  
    $- 

See accompanying notes to the financial statements.

F-7

-1x Short VIX Futures ETF

Schedule of Investments

as of June 30, 2025 (Unaudited)

     Notional Amount   Contracts   Value   PURCHASED OPTIONS - 0.5%              Call Options - 0.5%          CBOE Volatility Index, Expiration: 08/20/2025; Exercise Price: $31.00 (a)(b)  $23,422,000    14,000    1,274,000   TOTAL PURCHASED OPTIONS (Cost $1,393,377)             1,274,000  

    Shares  
    Value 
  
    SHORT-TERM INVESTMENTS - 32.9% 

    Money Market Funds - 32.9% 

    First American Government Obligations Fund - Class X, 4.25% (c)(d) 
     88,488,565  
     88,488,565 
  
    TOTAL SHORT-TERM INVESTMENTS (Cost $88,488,565) 
        
     88,488,565 
  
    TOTAL INVESTMENTS - 33.4% (Cost $89,881,942) 
        
     89,762,565 
  
    Other Assets in Excess of Liabilities - 66.6% (e) 
        
     179,184,621 
  
    TOTAL NET ASSETS - 100.0% 
        
    $268,947,186 

Percentages
are stated as a percent of net assets. 

  (a) Exchange-traded.  (b) 100