Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 1467

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 10
Chunk 1467
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11,820,000  
     5,531,498(1)   
     3,310,000  
     507,498(2) 
  
    Net
    Asset Value, Offering and Redemption Price per Share 
    $25.39  
    $33.93(1)  
    $37.78  
    $137.27(2) 
  
    Market
    Value per Share  
    $25.37  
    $34.00(1)   
    $37.73  
    $137.30(2) 

    *
    Investments in securities, at cost 
    $113,974,059  
    $52,819,184  
    $15,728,432  
    $8,009,153 

^No Par Value

(1)Adjusted to reflect a 1:10 reverse stock split occurring on January 15, 2025, as if it occurred at the commencement of operations.

(2)Adjusted
to reflect a 1:5 reverse stock split on January 25, 2023, a 1:10 reverse stock split on October 11, 2023, and a 1:10 reverse stock split
on January 15, 2025, as if they occurred at the commencement of operations.

See accompanying notes to the financial statements.

F-3

VS Trust

Statements of Operations

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

    For the year ended  
    For the year  ended  
    For the year  ended  
    For the year  ended 

    December 31, 2024  
    December 31,  2024  
    December 31,  2023  
    December 31,  2023 

    INVESTMENT INCOME 

    Income: 

    Dividends 
    $623  
    $462  
    $-  
    $- 
  
    Interest income 
     4,872,443  
     2,045,886  
     521,465  
     967,916 
  
    Total Income 
     4