Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 1388

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 1388
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loss) on investments and futures contracts 
     5,405,741  
     (31,179,193) 
     104,707,772  
     (275,748,591)

    NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS 
    $6,342,960  
    $(31,752,149) 
    $103,506,817  
    $(276,923,037)

See accompanying notes to financial statements.

F-4

VS Trust 

Statement of Changes in Net Assets 

    -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 

    INCREASE (DECREASE) IN NET ASSETS: 

    OPERATIONS 

    Net investment income (loss) 
    $937,219  
    $(572,956) 
    $(1,200,955) 
    $(1,174,446)
  
    Net realized gain (loss) on investments and futures contracts 
     16,457,605  
     (47,624,517) 
     98,694,527  
     (276,774,495)
  
    Net change in unrealized appreciation (depreciation) of investments and futures contracts 
     (11,051,864) 
     16,445,324  
     6,013,245  
     1,025,904 
  
    Net increase (decrease) in net assets resulting from operations 
     6,342,960  
     (31,752,149) 
     103,506,817  
     (276,923,037)

    CAPITAL SHARE TRANSACTIONS 

    Shares sold 
     828,649,566  
     742,224,982  
     282,198,849  
     469,583,438 
  
    Shares redeemed 
     (659,926,122) 
     (