Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 388

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 388
---
085 
  
    Interest income 
     6,918,329 
  
    Total Income 
     6,919,414 

    Expenses: 

    Management fees 
     4,983,199 
  
    Administrative, accounting and custodian fees 
     377,180 
  
    Professional fees 
     909,961 
  
    Licensing and registration fees 
     237,504 
  
    Broker interest expense 
     47,307 
  
    Total Expenses 
     6,555,151 
  
    Net Investment loss 
     364,263 

    REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FUTURES CONTRACTS 

    Net realized gain (loss) on: 

    Futures 
     (23,151,830)
  
    Options 
     (8,015,082)
  
    Net change in unrealized appreciation (depreciation) of: 

    Futures 
     4,449,504 
  
    Options 
     943,956 
  
    Net realized and unrealized gain (loss) on investments and futures contracts 
     (25,773,452)
  
    NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS 
    $(25,409,189)

See accompanying notes to financial statements.

F-17

VS Trust

Combined Statement
of Operations

For The Year Ended December 31, 2023

    INVESTMENT INCOME 

    Income: 

    Interest income 
    $1,489,381 
  
    Total Income 
     1,489,381 

    Expenses: 

    Management fees 
     2,799,409 
  
    Administrative, accounting and custodian fees 
     229,334 
  
    Professional fees 
     646,805 
  
    Licensing and registration fees 
     152,101 
  
    Broker interest expense 
     37,133 
  
    Total Expenses 
     3,864,782 
  
    Net Investment loss 
     (2,375,401)

    REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FUTURES CONTRACTS  

    Net realized gain (loss) on: 

    Options 
     (742,711)
  
    Futures 
     (177,337,257)
  
    Net change in unrealized appreciation (depreciation) of: