Company: SVIX
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109885
Chunk: 6

Company: VS Trust
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 to the financial statements.

F-3

VS Trust

Statements of Changes in Net Assets

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

    September 30,
2025  
    September 30,
2025  
    September 30,
2024  
    September 30,
2024 

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

    INCREASE (DECREASE) IN NET ASSETS: 

    OPERATIONS 

    Net investment loss 
    $(279,545) 
    $183,630  
    $606,641  
    $(132,190)
  
    Net realized gain (loss) on investments and futures contracts 
     75,558,633  
     (499,794,282) 
     (28,241,497) 
     (7,095,465)
  
    Net change in unrealized appreciation (depreciation) of investments and futures contracts 
     (10,374,986) 
     38,194,150  
     (3,114,805) 
     1,135,620 
  
    Net increase (decrease) in net assets resulting from operations 
     64,904,102  
     (461,416,502) 
     (30,749,661) 
     (6,092,035)

    CAPITAL SHARE TRANSACTIONS 

    Shares sold 
     47,029,604  
     596,922,833  
     546,031,939  
     232,642,352 
  
    Shares redeemed 
     (215,740,833) 
     (198,309,206) 
     (384,300,594) 
     (141,934,673)
  
    Net increase (decrease) in net assets from capital share transactions 
     (168,711,229)