Company: SVIX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075845
Chunk: 45

Company: VS Trust
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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x Long VIX Futures ETF 
     810,230  
     75,083 

    $1,496,023  
    $188,383 

F-28

NOTE 7 - FINANCIAL HIGHLIGHTS

Selected data is for a Share outstanding throughout
the three months ended June 30, 2025 (Unaudited) and June 30, 2024 (Unaudited):

VS
Trust

Financial Highlights

    -1x Short VIX Futures ETF  
    2x Long VIX Futures ETF  
    -1x Short VIX Futures ETF  
    2x Long VIX Futures ETF 

    Quarter Ended  
    Quarter Ended  
    Quarter Ended  
    Quarter Ended 

    June 30,
 2025 (Unaudited)  
    June 30,
 2025 (Unaudited)  
    June 30,
 2024 (Unaudited)  
    June 30,
    2024(7) (Unaudited) 
  
    Net Asset Value, Beginning of Period 
    $20.32  
    $37.07  
    $42.51  
    $86.78 
  
    Net investment income (loss) (1) 
     0.02  
     (0.03) 
     0.01  
     (0.13)
  
    Net Realized and Unrealized Gain (Loss) on Investments and Futures Contracts (2) 
     (4.77) 
     (14.73) 
     5.23  
     (31.37)
  
    Net Increase (Decrease) in Net Asset Value Resulting from Operations 
     (4.75) 
     (14.76) 
     5.24  
     (31.50)
  
    Net Asset Value, End of Period 
    $15.57  
    $22.31  
    $47.75  
    $55.28 
  
    Market Value Per Share (3) 
    $15.51  
    $22.44  
    $47.67  
    $56.00 
  
    Total Return at Net Asset Value (4) 
     -23.38% 
     -39.82% 
     12.33% 
     -