Company: SVIX
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109885
Chunk: 313

Company: VS Trust
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 313
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ased  
    Long  

    Option  
    Futures  
       
    Option  
    Futures  

    Derivatives 
    Contracts**  
    Contracts  
    Total  
    Contracts**  
    Contracts  
    Total 
  
    Index Contracts 
    $       -  
    $38,194,150  
    $38,194,150  
    $         -  
    $1,135,620  
    $1,135,620 
  
    Total 
    $-  
    $38,194,150  
    $38,194,150  
    $-  
    $1,135,620  
    $1,135,620 

  *  The amounts disclose are incnluded in the realized gain (loss)
on investments.  **  The amounts disclosed are included in the change in unrealized
appreciation (depreciation) on investments. 

F-23

The following table indicates the average volume when in use for the quarter ended September 30, 2025 (Unaudited):

    -1x Short VIX Futures ETF  
    2x Long VIX Futures ETF 
  
    Average notional value of long futures contracts 
    $-  
    $1,131,336,540 
  
    Average notional value of short futures contracts 
     (217,048,380) 
     - 

The following table indicates the average volume when in use for the
quarter ended September 30, 2024 (Unaudited):

    -1x Short VIX Futures ETF  
    2x Long VIX Futures ETF 
  
    Average notional value of long futures contracts 
    $-  
    $249,472,430 
  
    Average notional value of short futures contracts 
     (252,076,760) 
     - 

The following table indicates the average volume when in
use for the quarter ended September 30, 2025 (Unaudited):

    -1x Short VIX Futures ETF  
    2x Long VIX Futures ETF 
  
    Average notional value of purchased options contracts 
    $19,978,500  
    $- 

The following table indicates the average volume when in
use for the quarter ended September 30, 2024 (Unaudited):

    -1