Company: SVIX
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109885
Chunk: 14

Company: VS Trust
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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: 11/19/2025; Exercise Price: $30.00 (b)(c)  $14,652,000    9,000   $891,000   TOTAL PURCHASED OPTIONS (Cost $919,232)             891,000                     TOTAL INVESTMENTS - 0.5% (Cost $919,232)             891,000   Money Market Deposit Account - 31.2% (d)             51,490,873   Other Assets in Excess of Liabilities - 68.3% (e)             112,758,186   TOTAL NET ASSETS - 100.0%            $165,140,059  

Percentages are stated as a percent of net assets.

  (a) Non-income producing security.   (b) Exchange-traded.  (c) 100 shares per contract.  (d) The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of September 30, 2025 was 3.06%.  (e) Includes cash of $112,464,769 that was pledged as collateral for futures and options contracts. 

F-8

-1x Short VIX Futures ETF

Schedule of Futures Contracts

September 30, 2025 (Unaudited)

  Description  Contracts Sold   Expiration Date  Notional Value   Value / Unrealized Appreciation (Depreciation)   CBOE VIX FUTURE Oct25   (5,431)  10/22/2025  $95,531,290   $3,955,387   CBOE VIX FUTURE Nov25   (3,620)  11/19/2025   69,612,600    395,618   Net Unrealized Appreciation (Depreciation)               $4,351,005  

Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)

-1x Short VIX Futures ETF