WEBs ETF Trust
WEBs Energy XLE Defined Volatility ETF
Schedule of Investments
July 31, 2026 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 43.4% | ||||||||
| United States – 43.4% | ||||||||
| State Street Energy Select Sector SPDR ETF(1) | 4,398 | $ | 261,901 | |||||
| TOTAL EXCHANGE-TRADED FUNDS | ||||||||
| (Cost - $272,500) | 261,901 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 39.9% | ||||||||
| Time Deposits – 39.9% | ||||||||
| Citibank, New York, 2.98% 08/03/2026 | $ | 26,375 | 26,375 | |||||
| JPMorgan Chase, New York, 2.98% 08/03/2026(2) | 214,713 | 214,713 | ||||||
| TOTAL TIME DEPOSITS | ||||||||
| (Cost - $241,088) | 241,088 | |||||||
| TOTAL SHORT-TERM INVESTMENTS | ||||||||
| (Cost - $241,088) | 241,088 | |||||||
| TOTAL INVESTMENTS – 83.3% | ||||||||
| (Cost - $513,588) | 502,989 | |||||||
| OTHER ASSETS LESS LIABILITIES – 16.7% | 100,918 | |||||||
| NET ASSETS – 100.0% | $ | 603,907 | ||||||
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 | ||||||||||||||||||||
| Wells Fargo State Street Energy Select Sector SPDR ETF |
USONFFE + 1.00% | Varies(3) | USD | 508 | 08/25/2026 | $ | 101,402 | |||||||||||||
| (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) | Payments for financing fee, dividends and total return occur at sale/reduction of the notional and at maturity date. |
Abbreviations used in this schedule:
USONFFE – Federal Funds Composite Interest Rate