Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 508

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 508
---
 Operations
for the year ended December 31, 2023:

     Net Realized Gain (Loss) on Derivatives   -1x Short VIX Futures ETF  Purchased   Short          Option   Futures       Derivatives  Contracts*   Contracts   Total   Index Contracts  $(742,711)  $99,437,238   $98,694,527   Total  $(742,711)  $99,437,238   $98,694,527  

    2x Long VIX Futures ETF 
    Purchased  
    Long  

    Option  
    Futures  

    Derivatives 
    Contracts*  
    Contracts  
    Total 
  
    Index Contracts 
    $          -  
    $(276,774,495) 
    $(276,774,495)
  
    Total 
    $-  
    $(276,774,495) 
    $(276,774,495)

    Net Change in Unrealized Appreciation (Depreciation) on Derivatives 
  
    -1x Short VIX Futures ETF 
    Purchased  
    Short  

    Option  
    Futures  

    Derivatives 
    Contracts**  
    Contracts  
    Total 
  
    Index Contracts 
    $(811,333) 
     6,824,578  
    $6,013,245 
  
    Total 
    $(811,333) 
     6,824,578  
    $6,013,245 

    2x Long VIX Futures ETF 
    Purchased  
    Long  

    Option  
    Futures  

    Derivatives 
    Contracts**  
    Contracts  
    Total 
  
    Index Contracts 
    $               -  
    $1,025,904  
    $1,025,904 
  
    Total 
    $-  
    $1,025,904  
    $1,025,904 

*The
amounts disclosed are included in the realized gain (loss) on investments.

**The
amounts disclosed are included in the change in unrealized appreciation (depreciation) on investments.

F-32

The following table indicates the average volume when in use for the
year ended December 31, 2024:

    -1x Short VIX