Company: SVIX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075845
Chunk: 5

Company: VS Trust
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 
  
    Total Expenses 
     2,765,299  
     2,446,036  
     1,244,050  
     861,229 
  
    Net Investment income (loss) 
     1,024,214  
     (63,562) 
     (115,678) 
     (345,304)

    REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FUTURES CONTRACTS 

    Net realized gain (loss) on: 

    Options 
     (3,484,146) 
     -  
     (6,756,441) 
     - 
  
    Futures 
     (98,163,632) 
     72,972,541  
     62,272,953  
     (60,257,560)
  
    Net change in unrealized appreciation (depreciation) of: 

    Options 
     (252,000) 
     -  
     672,336  
     - 
  
    Futures 
     20,164,045  
     (86,498,592) 
     (4,533,352) 
     4,593,712 
  
    Net realized and unrealized gain (loss) on investments and futures contracts 
     (81,735,733) 
     (13,526,051) 
     51,655,496  
     (55,663,848)
  
    NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS 
    $(80,711,519) 
    $(13,589,613) 
    $51,539,818  
    $(56,009,152)

See accompanying notes to the financial statements.

F-3

VS Trust

Statements of Changes in Net Assets

For the Three Months Ended June 30, 2025 and June
30, 2024 (Unaudited)

    -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  
    June 30,
 2025