WEBs ETF Trust
WEBs Defined Volatility XLC ETF
Schedule of Investments
July 31, 2025 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 50.5% | ||||||||
| United States – 50.5% | ||||||||
| Communication Services Select Sector SPDR Fund | 1,161 | $ | 124,703 | |||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost - $125,225) | 124,703 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 50.4% | ||||||||
| Time Deposits – 50.4% | ||||||||
| JPMorgan Chase, New York, 3.68% 08/01/2025(1) | $ | 93,635 | 93,635 | |||||
| Sumitomo Mitsui Trust Bank, Tokyo, 3.68% 08/01/2025 | 31,037 | 31,037 | ||||||
| TOTAL TIME DEPOSITS (Cost - $124,672) | 124,672 | |||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $124,672) | 124,672 | |||||||
| TOTAL INVESTMENTS – 100.9% (Cost - $249,897) | 249,375 | |||||||
| OTHER ASSETS LESS LIABILITIES – (0.9)% | (2,148 | ) | ||||||
| NET ASSETS – 100.0% | $ | 247,227 | ||||||
| TOTAL RETURN SWAPS | ||||||||||||||
| Counterparty & Reference Instrument |
Rate Paid/ Received |
Payment Frequency |
Current Notional (000) |
Maturity Date |
Value and Unrealized Appreciation/ (Depreciation) |
|||||||||
| Receive Total Return on Reference Instrument | ||||||||||||||
| Cantor Fitzgerald Communication Services Select Sector SPDR Fund |
OBFR + 1.20% | Monthly | USD | 374 | 08/24/2026 | $ | (2,096 | ) | ||||||
| (1) | Position, or a portion thereof, has been segregated to collateralize derivatives outstanding. |
Abbreviations used in this schedule:
OBFR – Overnight Bank Funding Rate