Company: SVIX
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109885
Chunk: 314

Company: VS Trust
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 314
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x Short VIX Futures ETF  
    2x Long VIX Futures ETF 
  
    Average notional value of purchased options contracts 
    $54,255,000  
    $- 

F-24

The effect of derivative instruments on the Statement of Operations
for the nine months ended September 30, 2025 (Unaudited) and September 30, 2024 (Unaudited):

    Net Realized Gain (Loss) on Derivatives  
    Net Realized Gain (Loss) on Derivatives 

    For the nine months ended September 30, 2025 (Unaudited)  
    For the nine months ended September 30, 2024 (Unaudited) 
  
    -1x Short VIX Futures ETF 
    Purchased  
    Short  
       
    Purchased  
    Short  

    Option  
    Futures  
       
    Option  
    Futures  

    Derivatives 
    Contracts*  
    Contracts  
    Total  
    Contracts*  
    Contracts  
    Total 
  
    Index Contracts 
    $(6,014,298) 
    $(20,074,846) 
    $(26,089,144) 
    $(6,489,708) 
    $33,764,723  
    $27,275,015 
  
    Total 
    $(6,014,298) 
    $(20,074,846) 
    $(26,089,144) 
    $(6,489,708) 
    $33,764,723  
    $27,275,015 

    2x Long VIX Futures ETF 
    Purchased  
    Long  
       
    Purchased  
    Long  

    Option  
    Futures  
       
    Option  
    Futures  

    Derivatives 
    Contracts*  
    Contracts  
    Total  
    Contracts*  
    Contracts  
    Total 
  
    Index Contracts 
    $             -  
    $(426,821,741) 
    $(426,821,741) 
    $                -  
    $(67,353,025) 
    $(67,353,025)
  
    Total 
    $-  
    $(426,821,741) 
    $(426,821,