WEBs ETF Trust
WEBs Defined Volatility XLE ETF
Schedule of
Investments
July 31, 2025 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 49.7% | ||||||||
| United States – 49.7% | ||||||||
| Energy Select Sector SPDR Fund | 1,466 | $ | 127,850 | |||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost - $125,299) | 127,850 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 48.4% | ||||||||
| Time Deposits – 48.4% | ||||||||
| Sumitomo Mitsui Trust Bank, London, 3.68% 08/01/2025 | $ | 124,652 | 124,652 | |||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $124,652) | 124,652 | |||||||
| TOTAL INVESTMENTS – 98.1% (Cost - $249,951) | 252,502 | |||||||
| OTHER ASSETS LESS LIABILITIES – 1.9% | 4,970 | |||||||
| NET ASSETS – 100.0% | $ | 257,472 | ||||||
TOTAL RETURN SWAPS
| Counterparty & Reference Instrument | Rate Paid/ Received | Payment Frequency | Current (000) | Maturity Date | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
| Receive Total Return on Reference Instrument | ||||||||||||||
| Wells Fargo Energy Select Sector SPDR Fund | USONFFE + 1.00% | Monthly | USD | 296 | 08/25/2026 | $ | 5,024 | |||||||
Abbreviations used in this schedule:
USONFFE – Federal Funds Composite Interest Rate