Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 387

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 387
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 Outstanding^ 
     17,351,498 

    * Investments in securities, at cost 
    $166,793,243 

^No Par Value

See accompanying notes to the financial statements.

F-15

VS Trust

Combined Statement of Assets
and Liabilities (1)

December 31, 2023

    ASSETS 

    Cash 
    $5,032,398 
  
    Investments in securities, at value * 
     22,926,252 
  
    Interest receivable 
     176,038 
  
    Prepaid expenses and other assets 
     48,274 
  
    Deposits at Broker for Futures and Options Contracts 
     176,753,485 
  
    Variation margin receivable 
     148,593 
  
    Other receivable 
     2,839 
  
    Total Assets 
    $205,087,879 

    LIABILITIES 

    Payables 

    Variation margin payable 
    $204,703 
  
    Fund shares redeemed 
     9,447,400 
  
    Management fees payable 
     254,060 
  
    Administrative, accounting and custodian fees payable 
     53,494 
  
    Professional fees payable 
     288,136 
  
    Licensing and registration fees payable 
     117,671 
  
    Total Liabilities 
     10,365,464 
  
    NET ASSETS  
    $194,722,415 

    NET ASSETS CONSIST OF:  

    Paid-in capital 
    $428,839,863 
  
    Total distributable earnings (accumulated deficit) 
     (234,117,448)
  
    Net Assets 
    $194,722,415 

    NET ASSET VALUE:  

    Class I (unlimited shares authorized):   

    Net Assets 
    $194,722,415 
  
    Shares Outstanding^ 
     3,817,498 

    * Investments in securities, at cost 
    $23,737,585 

^No Par Value

(1)The Fund commenced operations on March 28, 2022.

See accompanying notes to the
financial statements.

F-16

VS Trust

Combined
Statement of Operations 

For
The Year Ended December 31, 2024

    INVESTMENT INCOME 

    Income: 

    Dividends 
    $1,