Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 1620

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 12
Chunk 1620
---
 (DECREASE) IN CASH 
     (5,032,398) 
     1,189,437 
     4,527,798  
     - 
  
    Beginning of Period 
     5,032,398  
     -  
     504,600  
     - 
  
    End of Period 
    $- 
    $1,189,437 
    $5,032,398  
    $- 

See accompanying notes to the financial statements.

F-6

-1x Short VIX Futures ETF

Schedule of Investments

December 31, 2024

    Notional Amount   Contracts   Value   PURCHASED OPTIONS - 0.5%              Call Options - 0.5%                 CBOE Volatility Index, Expiration: 02/19/2025; Exercise Price: $28.00 (a)(b)  $24,290,000    14,000   $1,484,000   TOTAL PURCHASED OPTIONS (Cost $1,351,377)             1,484,000 

    Shares  
    Value 
  
    SHORT-TERM INVESTMENTS - 37.5% 

    Money Market Funds - 37.5% 

    First American Government Obligations Fund - Class X, 4.41% (c)(d) 
     112,622,682  
     112,622,682 
  
    TOTAL SHORT-TERM INVESTMENTS (Cost $112,622,682) 
        
     112,622,682 

    TOTAL INVESTMENTS - 38.0% (Cost $113,974,059) 
        
     114,106,682 
  
    Other Assets in Excess of Liabilities - 62.0% (e) 
        
     186,017,141 
  
    TOTAL NET ASSETS - 100.0% 
        
    $300,123,823 

Percentages are stated as
a percent of net assets.

  (a) Exchange-traded.       (b) 100 shares per contract.       (c) The rate shown represents the 7-day annualized effective yield as of December 31,