WEBs ETF Trust
WEBs Consumer Staples XLP Defined Volatility ETF
Schedule of Investments
January 31, 2026 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 51.1% | ||||||||
| United States – 51.1% | ||||||||
| Consumer Staples Select Sector SPDR Fund(1) | 1,539 | $ | 128,522 | |||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost - $125,613) | 128,522 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 47.8% | ||||||||
| Time Deposits – 47.8% | ||||||||
| JPMorgan Chase, New York, 2.98% 02/02/2026(2) | $ | 120,201 | 120,201 | |||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $120,201) | 120,201 | |||||||
| TOTAL INVESTMENTS –
98.9% (Cost - $245,814) | 248,723 | |||||||
| OTHER ASSETS LESS LIABILITIES – 1.1% | 2,711 | |||||||
| NET ASSETS – 100.0% | $ | 251,434 | ||||||
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 Consumer Staples Select Sector SPDR Fund | OBFR + 1.20% | Varies(3) | USD | 230 | 08/24/2026 | $ | 2,841 | |||||||
| (1) | Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov. |
| (2) | Position, or a portion thereof, has been segregated to collateralize derivatives outstanding. |
| (3) | Payment frequency is monthly for financing fee, at maturity for total return, including dividends. |
Abbreviations used in this schedule:
OBFR – Overnight Bank Funding Rate