Company: SVIX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075845
Chunk: 4

Company: VS Trust
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 RESULTING FROM OPERATIONS 
    $(48,510,696) 
    $(94,608,422) 
    $35,762,685  
    $(25,946,113)

See accompanying notes to financial statements.

F-2

VS Trust

Statements of Operations

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) 
  
    INVESTMENT INCOME 

    Income: 

    Interest income 
    $3,790,120  
    $2,382,591  
    $1,128,372  
    $515,925 
  
    Other Income 
     (607) 
     (117) 
     -  
     - 
  
    Total Income 
     3,789,513  
     2,382,474  
     1,128,372  
     515,925 

    Expenses: 

    Management fees 
     2,359,979  
     2,076,828  
     994,505  
     592,945 
  
    Administrative, accounting and custodian fees 
     155,473  
     90,721  
     65,428  
     66,382 
  
    Professional fees 
     151,032  
     190,331  
     148,492  
     191,982 
  
    Licensing and registration fees 
     95,832  
     85,173  
     33,658  
     7,953 
  
    Other 
     2,983  
     2,983  
     1,967  
     1,967