Company: SVIX
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109885
Chunk: 4

Company: VS Trust
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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150  
     (3,125,307) 
     1,135,620 
  
    Net realized and unrealized gain (loss) on investments and futures contracts 
     65,183,647  
     (461,600,132) 
     (31,356,302) 
     (5,959,845)
  
    NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS 
    $64,904,102  
    $(461,416,502) 
    $(30,749,661) 
    $(6,092,035)

See accompanying notes to financial statements.

F-2

VS Trust

Statements of Operations

For the Nine 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 

    Nine Months Ended  
    Nine Months Ended  
    Nine Months Ended  
    Nine Months Ended 

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

    (Unaudited)  
    (Unaudited)  
    (Unaudited)  
    (Unaudited) 
  
    INVESTMENT INCOME 

    Income: 

    Interest income 
    $4,674,716  
    $5,396,544  
    $3,021,857  
    $923,605 
  
    Other Income (loss) 
     (656) 
     (117) 
     -  
     - 
  
    Total Income 
     4,674,060  
     5,396,427  
     3,021,857  
     923,605 

    Expenses: 

    Management fees 
     3,045,194  
     4,467,136  
     2,128,614  
     1,009,549 
  
    Administrative, accounting and custodian fees 
     253,356  
     255,770  
     104,264