WEBs ETF Trust
WEBs Industrials XLI Defined Volatility ETF
Schedule of Investments
July 31, 2026 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 49.8% | ||||||||
| United States – 49.8% | ||||||||
| State Street Industrial Select Sector SPDR ETF(1) | 826 | $ | 148,548 | |||||
| TOTAL EXCHANGE-TRADED FUNDS | ||||||||
| (Cost - $124,743) | 148,548 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 38.6% | ||||||||
| Time Deposits – 38.6% | ||||||||
| Citibank, New York, 2.98% 08/03/2026(2) | $ | 114,901 | 114,901 | |||||
| TOTAL SHORT-TERM INVESTMENTS | ||||||||
| (Cost - $114,901) | 114,901 | |||||||
| TOTAL INVESTMENTS – 88.4% | ||||||||
| (Cost - $239,644) | 263,449 | |||||||
| OTHER ASSETS LESS LIABILITIES – 11.6% | 34,411 | |||||||
| NET ASSETS – 100.0% | $ | 297,860 | ||||||
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 Industrial Select Sector SPDR ETF | OBFR + 1.20% | Varies(3) | USD | 262 | 08/24/2026 | $ | 34,632 | |||||||||||||
| (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