WEBs ETF Trust
WEBs Defined Volatility XLV ETF
Schedule of Investments
July 31, 2025 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 51.1% | ||||||||
| United States – 51.1% | ||||||||
Health Care Select Sector SPDR Fund | 951 | $ | 124,039 | |||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost - $126,987) | 124,039 | |||||||
| PRINCIPAL AMOUNT |
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| SHORT-TERM INVESTMENTS – 50.6% | ||||||||
| Time Deposits – 50.6% | ||||||||
| Citibank, New York, 3.68% 08/01/2025 | $ | 33,003 | 33,003 | |||||
| Sumitomo Mitsui Trust Bank, London, 3.68% 08/01/2025(1) | 90,000 | 90,000 | ||||||
| TOTAL TIME DEPOSITS (Cost - $123,003) |
123,003 | |||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $123,003) |
123,003 | |||||||
| TOTAL INVESTMENTS – 101.7% (Cost - $249,990) |
247,042 | |||||||
| OTHER ASSETS LESS LIABILITIES – (1.7)% | (4,083 | ) | ||||||
| NET ASSETS – 100.0% | $ | 242,959 | ||||||
| TOTAL RETURN SWAPS | ||||||||||||||
| Counterparty & Reference Instrument |
Rate Paid/ Received |
Payment Frequency |
Current Notional (000) |
Maturity Date |
Value and Unrealized Appreciation/ (Depreciation) |
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| Receive Total Return on Reference Instrument | ||||||||||||||
| Clear Street LLC Health Care Select Sector SPDR Fund |
OBFR + 1.25% | Monthly | USD | 149 | 08/25/2026 | $ | (3,723 | ) | ||||||
| (1) | Position, or a portion thereof, has been segregated to collateralize derivatives outstanding. |
Abbreviations used in this schedule:
LLC – Limited Liability Company
OBFR – Overnight Bank Funding Rate