WEBs ETF Trust
WEBs Communication Services XLC Defined Volatility ETF
Schedule of Investments
July 31, 2026 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 54.9% | ||||||||
| United States – 54.9% | ||||||||
State Street Communication Services Select Sector SPDR ETF(1) | 1,161 | $ | 125,667 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost - $125,225) | 125,667 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 48.0% | ||||||||
| Time Deposits – 48.0% | ||||||||
JPMorgan Chase, New York, 2.98% 08/03/2026(2) | $ | 109,922 | 109,922 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost - $109,922) | 109,922 | |||||||
TOTAL INVESTMENTS – 102.9% (Cost - $235,147) | 235,589 | |||||||
OTHER ASSETS LESS LIABILITIES – (2.9)% | (6,697 | ) | ||||||
| NET ASSETS – 100.0% | $ | 228,892 | ||||||
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 State Street Communication Services Select Sector SPDR ETF | OBFR + 1.20% | Varies(3) | USD | 178 | 08/24/2026 | $ | (6,525 | ) | ||||||
| (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