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v3.23.2

Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
1x Short VIX Futures ETF |  |  |  |
Income: |  |  |  |
Interest income | $ 74,800 | $ 18,977 | $ 121,531 | $ 18,984
Other Income |  | 61 |  | 61
Total Income | 74,800 | 19,037 | 121,531 | 19,045
Expenses: |  |  |  |
Management fees | 225,408 | 163,452 | 394,913 | 163,562
Administrative, accounting and custodian fees | 24,727 | 23,357 | 46,808 | 23,901
Professional fees | 80,185 | 15,000 | 159,092 | 15,759
Licensing and registration fees | 31,769 | 40,055 | 50,134 | 40,395
Broker interest expense | 5,462 | 19,953 | 8,613 | 20,000
Total Expenses | 367,551 | 261,816 | 659,560 | 263,617
Net Investment loss | (292,751) | (242,779) | (538,029) | (244,572)
Net realized gain (loss) on: |  |  |  |
Short Term Investments |  |  |  |
Futures | 37,164,451 | (4,573,051) | 42,451,505 | (4,577,129)
Net change in unrealized appreciation (depreciation) of: |  |  |  |
Short Term Investments |  |  |  |
Futures | (811,301) | 835,808 | 5,362,473 | 700,531
Net realized and unrealized gain (loss) on investments and futures contracts | 36,353,150 | (3,737,244) | 47,813,978 | (3,876,598)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | 36,060,399 | (3,980,023) | 47,275,949 | (4,121,170)
INVESTMENT INCOME |  |  |  |
Dividends |  |  |  |
2x Long VIX Futures ETF |  |  |  |
Income: |  |  |  |
Interest income | 301,835 | 16,778 | 434,271 | 16,782
Other Income |  | 153 |  | 153
Total Income | 301,835 | 16,931 | 434,271 | 16,935
Expenses: |  |  |  |
Management fees | 521,809 | 111,085 | 919,658 | 111,223
Administrative, accounting and custodian fees | 33,684 | 23,323 | 62,699 | 23,867
Professional fees | 81,279 | 14,963 | 160,949 | 15,722
Licensing and registration fees | 24,392 | 40,027 | 44,821 | 40,367
Broker interest expense | 40 | 8,143 | 320 | 8,143
Total Expenses | 661,204 | 197,542 | 1,188,447 | 199,322
Net Investment loss | (359,369) | (180,611) | (754,176) | (182,387)
Net realized gain (loss) on: |  |  |  |
Short Term Investments |  |  |  |
Futures | (142,872,642) | 7,528,449 | (186,102,397) | 7,527,995
Net change in unrealized appreciation (depreciation) of: |  |  |  |
Short Term Investments |  |  |  |
Futures | (4,374,661) | (256,944) | (10,587,514) | 19,258
Net realized and unrealized gain (loss) on investments and futures contracts | (147,247,303) | 7,271,505 | (196,689,911) | 7,547,253
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ (147,606,672) | $ 7,090,894 | (197,444,087) | 7,364,866
INVESTMENT INCOME |  |  |  |
Dividends |  |  |  |

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