WEBs Consumer Staples XLP Defined Volatility ETF

C000259005 Fund Overview

WEBs Consumer Staples XLP Defined Volatility ETF is a US ETF managed by Syntax ETF Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Consumer Staples Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Syntax ETF Trust
• Category: United States Multi-Cap / All-Cap Blend / Core Consumer Staples Equity
• Assets under management: $258.38K
• 1-year return: 2.1%
• SEC CIK: 0001580843
• SEC series ID: S000091348
• Share class ID: C000259005

C000259005 Investment Objective and Strategy

WEBs Consumer Staples XLP Defined Volatility ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Syntax ETF Trust.

Investment objective

The Fund seeks to provide investment results that, before fees and expenses, correspond to the performance of the Syntax Defined Volatility XLP Index (the Index).

Principal investment strategy

The Fund is a passively managed ETF listed for trading on the Exchange. The Fund implements its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in financial instruments that achieve the investment results of the Index. Syntax Defined Volatility XLP Index . The Index is a rules-based strategy that seeks to track the net asset value of a portfolio of securities of companies in the consumer staples sector of the large-cap U.S. equity market, with investment exposure to the State Street Consumer Staples Select Sector SPDR ETF (XLP or the Underlying ETF), adjusted for a targeted annual volatility rate of 20% (a representation of the annual long-term volatility rate of the Underlying ETF) (the Defined Volatility Rate).

The Index was created by Syntax LLC (Syntax or the Index Provider). Volatility is a statistical measurement of the magnitude of asset price fluctuations (increases or decreases in an assets price) over time. In general, an investment with high levels of volatility will subject an investor to more significant variances in gains and losses than the investment with lower volatility over the same period. Realized volatility is the historically observed movement of the price of an asset over a given period. The Index dynamically allocates exposure to the Underlying ETF by comparing the Underlying ETFs annualized 21-day realized volatility (short-term volatility) to the Defined Volatility Rate. The Fund, in seeking to track the Index, will increase exposure to the Underlying ETF, by allocating assets to a total return swap on the Underlying ETF, to the extent short-term volatility is lower than the Defined Volatility Rate.

Conversely, the Fund will decrease exposure to the Underlying ETF, by allocating assets to a Cash Position, to the extent short-term volatility is higher than the Defined Volatility Rate. On each day of trading of the Underlying ETF, the Index calculates the short-term volatility of the Underlying ETF by measuring the annualized volatility of the Underlying ETF based on the 21 trailing trade dates total returns and ? when the measured Underlying ETF short-term volatility is below the Defined Volatility Rate, the Index increases exposure to the Underlying ETF in order to adjust the Underlying ETF short-term volatility up to the Defined Volatility Rate; ? when the measured Underlying ETF short-term volatility is above the Defined Volatility Rate, the Index decreases exposure to the Underlying ETF in order to adjust the Underlying ETF short-term volatility down to the Defined Volatility Rate.

As further described below, the Fund seeks to implement this strategy by investing in the following instruments: Underlying ETF. The Fund will invest in shares of the Underlying ETF as determined by the Index. The Underlying ETF generally invests substantially all, but at least 95% of its total assets, in securities comprising the Consumer Staples Select Sector Index. The Consumer Staples Select Sector Index includes companies that have been identified as consumer staples companies by the Global Industry Classification Standards (GICS), including securities of companies from the following industries: consumer staples distribution and retail; household products; food products; beverages; tobacco; and personal care products. The Consumer Staples Select Sector Index is one of eleven Select Sector Indexes developed and maintained in accordance with the following criteria: (1) each of the component securities in the Select Sector Index is a constituent of the S&P 500 Index; and (2) the Select Sector Index is calculated by S&P Dow Jones Indices LLC based on a proprietary modified market capitalization methodology.

As of February 9, 2026, the Consumer Staples Select Sector Index was composed of 36 common stocks. Swap Agreements. The Fund will, from time to time as determined by the Index, allocate to a total return swap on the Underlying ETF, as a way of applying leverage to the Underlying ETF and thereby increasing volatility to the Defined Volatility Rate. Swap agreements are contracts entered into primarily with major financial institutions for a specified period ranging from a day to more than one year. In a swap transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on predetermined investments or instruments for a specified time period. The Fund expects to enter into one or more over-the-counter (OTC) swap agreements with major global financial institutions for a specified period ranging from a day to more than one year to provide exposure to the investment performance of the Index.

The terms of the Funds OTC swap agreement are expected to provide payments whereby only the net amount is paid to the counterparty entitled to receive the net payment. The Funds obligations (or rights) under the OTC swap agreement will be equal only to the net amount to be paid or owed under the agreement, based on the relative values of the positions held by each counterparty. Cash Position. The Fund will, from time to time as determined by the Index, hold cash, cash-like instruments or high-quality fixed income securities (collectively, a Cash Position) as a way of decreasing exposure to the Underlying ETF and thereby reducing volatility to the Defined Volatility Rate. The Cash Position may consist of income-producing (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S.

Treasury; (2) money market funds; (3) fixed income ETFs; (4) collateralized repurchase agreements; and/or (5) corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by companies that are rated investment grade or of comparable quality. The Index seeks to provide investment exposure to the total returns of the Underlying ETF. The total returns of the Underlying ETF are based upon the Underlying ETFs market price and include capital gains, dividends and distributions paid by the Underlying ETF. The Fund does not seek to track the investment performance of the Underlying ETF, and exposure to the Underlying ETF will vary dynamically in the Funds strategy, between 0-200%. See Additional Information About the Funds Principal Investment Strategies for a discussion of the Index.

There is no assurance that the Index or the Fund will successfully maintain the Defined Volatility Rate in accordance with its investment objective. The Funds returns will likely differ in amount, and possibly even direction, from the returns of the Underlying ETF. These differences can be significant, the Fund and the Underlying ETF may incur substantial losses. The Fund could lose money regardless of the performance of its Underlying ETF and as a result of portfolio rebalancing, fees, the Underlying ETFs volatility, compounding and other factors, the Fund is unlikely to match the performance of the Underlying ETF . Concentration Policy. To the extent the Underlying ETF concentrates ( i.e. , holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent as the Underlying ETF.

As of the date of this prospectus, a significant portion of the Underlying ETF is represented by securities of companies in the consumer staples sector, including the following industries: consumer staples distribution and retail; household products; food products; beverages; tobacco; and personal care products. Diversification Status. The Fund is classified as non-diversified under the Investment Company Act of 1940 (the 1940 Act), which means that the Fund may invest a higher percentage of its assets in a fewer number of issuers than is permissible for a diversified fund.

C000259005 Holdings

Top 1 holdings of WEBs Consumer Staples XLP Defined Volatility ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000259005 holdings

C000259005 Portfolio Allocation

Asset-class allocation of WEBs Consumer Staples XLP Defined Volatility ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000259005 Performance

Total returns for C000259005 (as of 2026-10-01), from SEC filings.

C000259005 Risk Information

Risk metrics for C000259005, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 24.0%

C000259005 Costs and Fees

C000259005 costs about $89 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.89%
• Gross expense ratio: 0.89%
• Portfolio turnover: 0%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000259005 Cashflows

Over the 12 months to 2026-04, WEBs Consumer Staples XLP Defined Volatility ETF had net inflows of $250.51K, from monthly SEC N-PORT filings.

C000259005 Debt Constituents

No individual debt constituents are reported in WEBs Consumer Staples XLP Defined Volatility ETF's latest SEC N-PORT filing.

C000259005 Prospectus and SEC Filings

Official WEBs Consumer Staples XLP Defined Volatility ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-26
• Prospectus (485BPOS) — filed 2025-06-10
• Portfolio holdings (N-PORT) — filed 2026-09-22
• Portfolio holdings (N-PORT) — filed 2026-06-26
• Portfolio holdings (N-PORT) — filed 2026-04-01
• Annual census, amended (N-CEN/A) — filed 2026-02-27

Related Funds

Other United States Multi-Cap / All-Cap Blend / Core Consumer Staples Equity funds tracked on ABC INVEST:

• First Trust Consumer Staples AlphaDEX Fund (FXG)
• Invesco Food & Beverage ETF (PBJ)
• State Street® Consumer Staples Select Sector SPDR® Premium Income ETF (XLSI)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.