WEBs ETF Trust
WEBs Defined Volatility XLRE ETF
Schedule of Investments
July 31, 2025 (unaudited)
SECURITY DESCRIPTION | SHARES | VALUE | ||||||
EXCHANGE-TRADED FUNDS – 52.2% | ||||||||
United States – 52.2% | ||||||||
Real Estate Select Sector SPDR Fund | 2,973 | $ | 123,112 | |||||
TOTAL EXCHANGE-TRADED FUNDS | ||||||||
(Cost - $127,036) | 123,112 |
PRINCIPAL | ||||||||
AMOUNT | ||||||||
SHORT-TERM INVESTMENTS – 51.8% | ||||||||
Time Deposits – 51.8% | ||||||||
JPMorgan Chase, New York, 3.68% 08/01/2025 | $ | 122,201 | 122,201 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost - $122,201) | 122,201 | |||||||
TOTAL INVESTMENTS – 104.0% (Cost - $249,237) | 245,313 | |||||||
OTHER ASSETS LESS LIABILITIES – (4.0)% | (9,335 | ) | ||||||
NET ASSETS – 100.0% | $ | 235,978 |
TOTAL RETURN SWAPS
Value and | ||||||||||||||
Counterparty & | Rate | Current | Unrealized | |||||||||||
Reference | Paid/ | Payment | Notional | Maturity | Appreciation/ | |||||||||
Instrument | Received | Frequency | (000) | Date | (Depreciation) | |||||||||
Receive Total Return on Reference Instrument | ||||||||||||||
Wells Fargo Real Estate Select Sector SPDR | USONFFE + 1.00% | Monthly | USD | 286 | 08/25/2026 | $ | (9,283 | ) |
Abbreviations used in this schedule:
USONFFE – Federal Funds Composite Interest Rate