Company: SVIX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075845
Chunk: 7

Company: VS Trust
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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,186  
    $596,989,784  
    $186,683,075  
    $82,382,210 

See accompanying notes to the financial statements.

F-4

VS Trust

Statements of Changes in Net Assets

For the Six 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 

    Six Months Ended  
    Six Months Ended  
    Six Months Ended  
    Six Months Ended 

    June 30,
2025  
    June 30, 
2025  
    June 30,
 2024  
    June 30,
 2024 

    (Unaudited)  
    (Unaudited)  
    (Unaudited)  
    (Unaudited) 

    INCREASE (DECREASE) IN NET ASSETS: 

    OPERATIONS 

    Net investment income (loss) 
    $1,024,214  
    $(63,562) 
    $(115,678) 
    $(345,304)
  
    Net realized gain (loss) on investments and futures contracts 
     (101,647,778) 
     72,972,541  
     55,516,512  
     (60,257,560)
  
    Net change in unrealized appreciation (depreciation) of investments and futures contracts 
     19,912,045  
     (86,498,592) 
     (3,861,016) 
     4,593,712 
  
    Net increase (decrease) in net assets resulting from operations 
     (80,711,519) 
     (13,589,613) 
     51,539,818  
     (56,009,152)

    CAPITAL SHARE TRANSACTIONS 

    Shares sold 
     1,168,099,472  
     1,562,223,528  
     193,932,532  
     159,539,336 
  
    Shares redeemed 
     (1,118,564,590) 
     (1,139,355,390)