WEBs ETF Trust
WEBs Defined Volatility XLP ETF
Schedule of Investments
July 31, 2025 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 51.4% | ||||||||
| United States – 51.4% | ||||||||
| Consumer Staples Select Sector SPDR Fund | 1,542 | $ | 123,021 | |||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost - $125,858) | 123,021 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 52.2% | ||||||||
| Time Deposits – 52.2% | ||||||||
| Citibank, New York, 3.68% 08/01/2025(1) | $ | 94,394 | 94,394 | |||||
| JPMorgan Chase, New York, 3.68% 08/01/2025 | 30,372 | 30,372 | ||||||
| TOTAL TIME DEPOSITS (Cost - $124,766) | 124,766 | |||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $124,766) | 124,766 | |||||||
| TOTAL INVESTMENTS – 103.6% (Cost - $250,624) | 247,787 | |||||||
| OTHER ASSETS LESS LIABILITIES – (3.6)% | (8,715 | ) | ||||||
| NET ASSETS – 100.0% | $ | 239,072 | ||||||
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 | ||||||||||||||||||||
| Cantor Fitzgerald Consumer Staples Select Sector SPDR Fund | OBFR + 1.20% | Monthly | USD | 364 | 08/24/2026 | $ | (8,167 | ) | ||||||||||||
| (1) | Position, or a portion thereof, has been segregated to collateralize derivatives outstanding. |
Abbreviations used in this schedule:
OBFR – Overnight Bank Funding Rate