WEBs ETF Trust
WEBs Financial XLF Defined Volatility ETF
Schedule of Investments
July 31, 2026 (unaudited)
| SECURITY DESCRIPTION | SHARES | VALUE | ||||||
| EXCHANGE-TRADED FUNDS – 48.3% | ||||||||
| United States – 48.3% | ||||||||
| State Street Financial Select Sector SPDR ETF(1) | 2,375 | $ | 135,233 | |||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost - $125,115) | 135,233 | |||||||
| PRINCIPAL | ||||||||
| AMOUNT | ||||||||
| SHORT-TERM INVESTMENTS – 40.2% | ||||||||
| Time Deposits – 40.2% | ||||||||
| Citibank, New York, 2.98% 08/03/2026(2) | $ | 104,727 | 104,727 | |||||
| JPMorgan Chase, New York, 2.98% 08/03/2026 | 7,774 | 7,774 | ||||||
| TOTAL TIME DEPOSITS (Cost - $112,501) | 112,501 | |||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $112,501) | 112,501 | |||||||
| TOTAL INVESTMENTS – 88.5% (Cost - $237,616) | 247,734 | |||||||
| OTHER ASSETS LESS LIABILITIES – 11.5% | 32,141 | |||||||
| NET ASSETS – 100.0% | $ | 279,875 | ||||||
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 Financial Select Sector SPDR ETF | OBFR + 1.20% | Varies(3) | USD | 385 | 08/24/2026 | $ | 32,338 | |||||||
| (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