# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-26-001124
**Filing Date:** 2026-3
**Character Count:** 34175
**Document Hash:** c937efbeafc4a8e96809b7acf8b085ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001124.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0002000324-26-001124

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spinnaker ETF Series
- **CENTRAL INDEX KEY:** 0001484018

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22398
- **FILM NUMBER:** 26793920

**BUSINESS ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069
- **BUSINESS PHONE:** 252-972-9922

**MAIL ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spinnaker ETF Trust
- **DATE OF NAME CHANGE:** 20100212

## Series and Classes Contracts Data

### Genter Capital International Dividend ETF (Series ID: S000089487)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000256068 | Genter Capital International Dividend ETF | GENW            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI | PRICE_ID | PRICINGMETHOD |
| 454 | GENTER CAPITAL INTERNATIONAL | BAESY | BAE Systems PLC |  |  | 05523R107 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 108.68 |  |  |  |  |  | BAE Systems PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1450.62 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1031.00 | 93568.71 | 93568.71 | 112049.08 | 112049.08 | 18480.37 | 18480.37 | 1.29 | False | 0.00 | N/A | 2.92 | 2.62 | 2.91 | 0.00 |  |  | BAESY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BTI | British American Tob | acco PLC |  | 110448107 | 1006 | Agriculture |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 60.68 |  |  |  |  |  | British American Tob | acco PLC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1857.00 | 92389.68 | 92389.68 | 112682.76 | 112682.76 | 20293.08 | 20293.08 | 0.00 | False | 0.00 | N/A | 2.93 | 2.63 | 2.92 | 0.00 |  |  | BTI<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | IMBBY | Imperial Brands PLC |  |  | 45262P102 | 1006 | Agriculture |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 42.13 |  |  |  |  |  | Imperial Brands PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2026.00 | 78716.44 | 78716.44 | 85355.38 | 85355.38 | 6638.94 | 6638.94 | 0.00 | False | 0.00 | N/A | 2.22 | 1.99 | 2.21 | 0.00 |  | 549300DFVPOB67JL3A42 | IMBBY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | HMC | Honda Motor Co Ltd |  |  | 438128308 | 1012 | Auto Manufacturers |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 30.33 |  |  |  |  |  | Honda Motor Co Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2397.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2350.00 | 70435.11 | 70435.11 | 71275.50 | 71275.50 | 840.39 | 840.39 | 3.36 | False | 0.00 | N/A | 1.85 | 1.66 | 1.85 | 0.00 |  | 549300P7ZYCQJ36CCS16 | HMC<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | MBGYY | MERCEDES-BENZ GROUP | AG |  | 233825207 | 1012 | Auto Manufacturers |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/0/1900 |  |  | 17.04 |  |  |  |  |  | Daimler AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 4024.00 | 62671.40 | 62671.40 | 68568.96 | 68568.96 | 5897.56 | 5897.56 | 0.00 | False | 0.00 | N/A | 1.78 | 1.60 | 1.78 | 0.00 |  |  | MBGYY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BBVA | Banco Bilbao Vizcaya | Argentaria SA |  | 05946K101 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | ESP | SPAIN |  | USD | US DOLLAR | 1/0/1900 |  |  | 25.42 |  |  |  |  |  | Banco Bilbao Vizcaya | Argentaria SA |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3375.66 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 6645.00 | 119191.39 | 119191.39 | 168915.90 | 168915.90 | 49724.51 | 49724.51 | 2.00 | False | 0.00 | N/A | 4.39 | 3.95 | 4.38 | 0.00 |  | K8MS7FD7N5Z2WQ51AZ71 | BBVA<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BCS | Barclays PLC |  |  | 06738E204 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 26.75 |  |  |  |  |  | Barclays PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2886.84 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 7577.00 | 147419.35 | 147419.35 | 202684.75 | 202684.75 | 55265.40 | 55265.40 | 1.42 | False | 0.00 | N/A | 5.27 | 4.73 | 5.26 | 0.00 |  |  | BCS<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BNPQY | BNP Paribas SA |  |  | 05565A202 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 53.67 |  |  |  |  |  | BNP Paribas SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2458.00 | 101871.99 | 101871.99 | 131920.86 | 131920.86 | 30048.87 | 30048.87 | 0.00 | False | 0.00 | N/A | 3.43 | 3.08 | 3.42 | 0.00 |  | R0MUWSFPU8MPRO8K5P83 | BNPQY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | MUFG | Mitsubishi UFJ Finan | cial Group Inc |  | 606822104 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 18.05 |  |  |  |  |  | Mitsubishi UFJ Finan | cial Group Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2558.50 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 10234.00 | 147245.14 | 147304.66 | 184723.70 | 184723.70 | 37419.04 | 37419.04 | 1.39 | False | 0.00 | N/A | 4.81 | 4.31 | 4.79 | 0.00 |  | 353800V2V8PUY9TK3E06 | MUFG<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | SMFG | Sumitomo Mitsui Fina | ncial Group Inc |  | 86562M209 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 20.99 |  |  |  |  |  | Sumitomo Mitsui Fina | ncial Group Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3134.65 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 8830.00 | 143084.03 | 143084.03 | 185341.70 | 185341.70 | 42257.67 | 42257.67 | 1.69 | False | 0.00 | N/A | 4.82 | 4.33 | 4.81 | 0.00 |  | 35380028MYWPB6AUO129 | SMFG<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | CABGY | Carlsberg AS |  |  | 142795202 | 1016 | Beverages |  | COMMSTCK | COMMON STOCK |  |  |  | DKK | DENMARK |  | USD | US DOLLAR | 1/0/1900 |  |  | 27.22 |  |  |  |  |  | Carlsberg AS |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 3920.00 | 104635.90 | 104635.90 | 106682.80 | 106682.80 | 2046.90 | 2046.90 | 0.00 | False | 0.00 | N/A | 2.78 | 2.49 | 2.77 | 0.00 |  | 5299001O0WJQYB5GYZ19 | CABGY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | AKZOY | Akzo Nobel NV |  |  | 010199503 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | NLG | NETHERLANDS |  | USD | US DOLLAR | 1/0/1900 |  |  | 23.21 |  |  |  |  |  | Akzo Nobel NV |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2679.00 | 60202.25 | 60202.25 | 62179.59 | 62179.59 | 1977.34 | 1977.34 | 0.00 | False | 0.00 | N/A | 1.62 | 1.45 | 1.61 | 0.00 |  | 724500XYIJUGXAA5QD70 | AKZOY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | DSFIY | DSM-Firmenich AG |  |  | 23346J103 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | CHF | SWITZERLAND |  | USD | US DOLLAR | 1/0/1900 |  |  | 7.89 |  |  |  |  |  | DSM-Firmenich AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 5948.00 | 54385.02 | 54385.02 | 46929.72 | 46929.72 | -7455.30 | -7455.30 | 0.00 | False | 0.00 | N/A | 1.22 | 1.10 | 1.22 | 0.00 |  | 506700G44V67MPM4BI12 | DSFIY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | NMR | Nomura Holdings Inc |  |  | 65535H208 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 8.87 |  |  |  |  |  | Nomura Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1543.50 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 11025.00 | 76127.55 | 76127.55 | 97791.75 | 97791.75 | 21664.20 | 21664.20 | 1.58 | False | 0.00 | N/A | 2.54 | 2.28 | 2.54 | 0.00 |  | 549300B3CEAHYG7K8164 | NMR<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | IX | ORIX Corp |  |  | 686330101 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 30.53 |  |  |  |  |  | ORIX Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8542.72 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2840.00 | 68546.16 | 68546.16 | 86705.20 | 86705.20 | 18159.04 | 18159.04 | 9.85 | False | 0.00 | N/A | 2.26 | 2.03 | 2.25 | 0.00 |  | 35380016EMHNBOVYE123 | IX<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ENLAY | Enel SpA |  |  | 29265W207 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | ITL | ITALY |  | USD | US DOLLAR | 1/0/1900 |  |  | 10.99 |  |  |  |  |  | Enel SpA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 11272.00 | 104107.31 | 104107.31 | 123879.28 | 123879.28 | 19771.97 | 19771.97 | 0.00 | False | 0.00 | N/A | 3.22 | 2.89 | 3.21 | 0.00 |  | WOCMU6HCI0OJWNPRZS33 | ENLAY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | SBGSY | Schneider Electric S | E |  | 80687P106 | 1035 | Electrical Compo&Equ | ip | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 57.04 |  |  |  |  |  | Schneider Electric S | E |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 762.57 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1110.00 | 59633.06 | 59633.06 | 63314.40 | 63314.40 | 3681.34 | 3681.34 | 1.20 | False | 0.00 | N/A | 1.65 | 1.48 | 1.64 | 0.00 |  | 969500A1YF1XUYYXS284 | SBGSY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | CKHUY | CK Hutchison Holding | s Ltd |  | 12562Y100 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | HKD | HONG KONG |  | USD | US DOLLAR | 1/0/1900 |  |  | 8.03 |  |  |  |  |  | CK Hutchison Holding | s Ltd |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 9559.00 | 61492.29 | 61588.95 | 76758.77 | 76758.77 | 15169.82 | 15169.82 | 0.00 | False | 0.00 | N/A | 2.00 | 1.79 | 1.99 | 0.00 |  | 254900Z8HM1VEPOQ2G79 | CKHUY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ADRNY | Koninklijke Ahold De | lhaize NV |  | 500467501 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | NLG | NETHERLANDS |  | USD | US DOLLAR | 1/0/1900 |  |  | 39.20 |  |  |  |  |  | Koninklijke Ahold De | lhaize NV |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2512.00 | 100006.83 | 100006.83 | 98470.40 | 98470.40 | -1536.43 | -1536.43 | 0.00 | False | 0.00 | N/A | 2.56 | 2.30 | 2.55 | 0.00 |  | 724500C9GNBV20UYRX36 | ADRNY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | NGG | National Grid PLC |  |  | 636274409 | 1052 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 85.27 |  |  |  |  |  | National Grid PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4204.30 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1189.00 | 85264.27 | 85264.27 | 101386.03 | 101386.03 | 16121.76 | 16121.76 | 4.15 | False | 0.00 | N/A | 2.64 | 2.37 | 2.63 | 0.00 |  |  | NGG<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ALIZY | Allianz SE |  |  | 018820100 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/0/1900 |  |  | 44.06 |  |  |  |  |  | Allianz SE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2674.00 | 105767.47 | 105767.47 | 117816.44 | 117816.44 | 12048.97 | 12048.97 | 0.00 | False | 0.00 | N/A | 3.07 | 2.75 | 3.06 | 0.00 |  | 529900K9B0N5BT694847 | ALIZY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | AXAHY | AXA SA |  |  | 054536107 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 45.74 |  |  |  |  |  | AXA SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4071.87 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2188.00 | 96811.66 | 96811.66 | 100079.12 | 100079.12 | 3267.46 | 3267.46 | 4.07 | False | 0.00 | N/A | 2.60 | 2.34 | 2.60 | 0.00 |  |  | AXAHY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | MFC | Manulife Financial C | orp |  | 56501R106 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  | USD | US DOLLAR | 1/0/1900 |  |  | 38.11 |  |  |  |  |  | Manulife Financial C | orp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3549.26 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2431.00 | 78562.60 | 78562.60 | 92645.41 | 92645.41 | 14082.81 | 14082.81 | 3.83 | False | 0.00 | N/A | 2.41 | 2.16 | 2.40 | 0.00 |  | 5493007GBX87QOZACS27 | MFC<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | KMTUY | Komatsu Ltd |  |  | 500458401 | 1070 | Machinery-Constr&Min |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 38.34 |  |  |  |  |  | Komatsu Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1729.00 | 56160.27 | 56160.27 | 66289.86 | 66289.86 | 10129.59 | 10129.59 | 0.00 | False | 0.00 | N/A | 1.72 | 1.55 | 1.72 | 0.00 |  | 5493004LQ0B4T7QPQV17 | KMTUY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | RIO | Rio Tinto PLC |  |  | 767204100 | 1075 | Mining |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 91.03 |  |  |  |  |  | Rio Tinto PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4345.62 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1081.00 | 72686.66 | 72686.66 | 98403.43 | 98403.43 | 25716.77 | 25716.77 | 4.42 | False | 0.00 | N/A | 2.56 | 2.30 | 2.55 | 0.00 |  |  | RIO<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | AZN | AstraZeneca PLC |  |  | 046353108 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 92.77 |  |  |  |  |  | AstraZeneca PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1958.95 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1351.00 | 104348.72 | 104348.72 | 125332.27 | 125332.27 | 20983.55 | 20983.55 | 1.56 | False | 0.00 | N/A | 3.26 | 2.93 | 3.25 | 0.00 |  |  | AZN | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | NVS | Novartis AG |  |  | 66987V109 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | CHF | SWITZERLAND |  | USD | US DOLLAR | 1/0/1900 |  |  | 148.68 |  |  |  |  |  | Novartis AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2648.74 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 757.00 | 92004.31 | 92004.31 | 112550.76 | 112550.76 | 20546.45 | 20546.45 | 2.35 | False | 0.00 | N/A | 2.93 | 2.63 | 2.92 | 0.00 |  |  | NVS<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | SNY | Sanofi |  |  | 80105N105 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 47.04 |  |  |  |  |  | Sanofi |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2566.90 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1351.00 | 66346.98 | 66346.98 | 63551.04 | 63551.04 | -2795.94 | -2795.94 | 4.04 | False | 0.00 | N/A | 1.65 | 1.48 | 1.65 | 0.00 |  |  | SNY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ENB | Enbridge Inc |  |  | 29250N105 | 1089 | Pipelines |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  | USD | US DOLLAR | 1/0/1900 |  |  | 48.84 |  |  |  |  |  | Enbridge Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8821.75 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2485.00 | 114170.33 | 114170.33 | 121367.40 | 121367.40 | 7197.07 | 7197.07 | 7.27 | False | 0.00 | N/A | 3.16 | 2.83 | 3.15 | 0.00 |  |  | ENB<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | PBA | Pembina Pipeline Cor | p |  | 706327103 | 1089 | Pipelines |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  | USD | US DOLLAR | 1/0/1900 |  |  | 41.58 |  |  |  |  |  | Pembina Pipeline Cor | p |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5522.40 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2080.00 | 78936.06 | 78936.06 | 86486.40 | 86486.40 | 7550.34 | 7550.34 | 6.39 | False | 0.00 | N/A | 2.25 | 2.02 | 2.24 | 0.00 |  |  | PBA<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ORANY | Orange SA |  |  | 684060106 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 18.49 |  |  |  |  |  | Orange SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4913.79 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 6543.00 | 97182.20 | 97182.20 | 120980.07 | 120980.07 | 23797.87 | 23797.87 | 4.06 | False | 0.00 | N/A | 3.15 | 2.83 | 3.14 | 0.00 |  | 969500MCOONR8990S771 | ORANY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ERIC | Telefonaktiebolaget | LM Ericsson |  | 294821608 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | SEK | SWEDEN |  | USD | US DOLLAR | 1/0/1900 |  |  | 10.80 |  |  |  |  |  | Telefonaktiebolaget | LM Ericsson |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3067.37 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 12124.00 | 109130.96 | 109208.78 | 130939.20 | 130939.20 | 21730.42 | 21730.42 | 2.34 | False | 0.00 | N/A | 3.41 | 3.06 | 3.40 | 0.00 |  |  | ERIC<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | VOD | Vodafone Group PLC |  |  | 92857W308 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 14.65 |  |  |  |  |  | Vodafone Group PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8530.12 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 8722.00 | 96631.03 | 96631.03 | 127777.30 | 127777.30 | 31146.27 | 31146.27 | 6.68 | False | 0.00 | N/A | 3.32 | 2.98 | 3.31 | 0.00 |  |  | VOD<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BP | BP PLC |  |  | 055622104 | A60A | Oil&Gas |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 37.88 |  |  |  |  |  | BP PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3436.96 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 2063.00 | 69044.39 | 69044.39 | 78146.44 | 78146.44 | 9102.05 | 9102.05 | 4.40 | False | 0.00 | N/A | 2.03 | 1.83 | 2.03 | 0.00 |  |  | BP<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ABBNY | ABB Limited |  |  | 000375204 | C50C | Industrial Component |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 1/0/1900 |  |  | 86.21 |  |  |  |  |  | ABB Limited |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1713.02 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 1864.00 | 122859.68 | 122859.68 | 160695.44 | 160695.44 | 37835.76 | 37835.76 | 1.07 | False | 0.00 | N/A | 4.18 | 3.75 | 4.17 | 0.00 |  |  | ABBNY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | FGTXX | Goldman Sachs Financ | ial Square Funds - G |  | 38141W273 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES<br> IL | ILLINOIS | USD | US DOLLAR | 1/31/2026 |  |  | 100.00 |  |  |  |  |  | Goldman Sachs Financ | ial Square Funds - G |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1902.96 | L<br> N |  |  | 1/30/2026<br> C |  | 454;USD | USD | 53094.23 | 53094.23 | 53094.23 | 53094.23 | 53094.23 | 0.00 | 0.00 | 3.58 | False | 3.57 |  | 1.38 | 1.24 | 1.38 | 0.00 |  |  | FGTXX<br> N | AC |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SPINNAKER ETF SERIES

- **b. Investment Company Act file number:** 811-22398

- **c. CIK number of Registrant:** 0001484018

- **d. LEI of Registrant:** 54930056GHDI2JOI6X90

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 116 SOUTH FRANKLIN STREET

  - **City:** ROCKY MOUNT

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27804-5707

  - **Telephone number:** 252-972-9922

**Item A.2. Information about the Series.**

- **a. Name of Series:** Genter Capital International Dividend ETF

- **b. EDGAR series identifier (if any):** S000089487

- **c. LEI of Series:** 5299004W7Z2IIJSMBS90

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4281361.68

**Total Liabilities:** $425222.98

**Net Assets:** $3856138.70

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256068 | 4.08%                | 3.40%                | 6.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $105982.51                                 |
| Month 2  | $714.95                  | $96707.19                                  |
| Month 3  | $0.00                    | $211395.57                                 |

### Schedule of Portfolio Investments

| Name                 | Title    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABB Limited          | COMMSTCK | CUSIP: 000375204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1864 | NS      | $160695.44    | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold De | COMMSTCK | CUSIP: 500467501<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      2512 | NS      | $98470.40     | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV        | COMMSTCK | CUSIP: 010199503<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      2679 | NS      | $62179.59     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE           | COMMSTCK | CUSIP: 018820100<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      2674 | NS      | $117816.44    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA               | COMMSTCK | CUSIP: 054536107<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      2188 | NS      | $100079.12    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC      | COMMSTCK | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      1351 | NS      | $125332.27    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC      | COMMSTCK | CUSIP: 05523R107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1031 | NS      | $112049.08    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya | COMMSTCK | CUSIP: 05946K101<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |      6645 | NS      | $168915.90    | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC         | COMMSTCK | CUSIP: 06738E204<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      7577 | NS      | $202684.75    | 5.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA       | COMMSTCK | CUSIP: 05565A202<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      2458 | NS      | $131920.86    | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC               | COMMSTCK | CUSIP: 055622104<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      2063 | NS      | $78146.44     | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tob | COMMSTCK | CUSIP: 110448107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1857 | NS      | $112682.76    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS         | COMMSTCK | CUSIP: 142795202<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      3920 | NS      | $106682.80    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holding | COMMSTCK | CUSIP: 12562Y100<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |      9559 | NS      | $76758.77     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM-Firmenich AG     | COMMSTCK | CUSIP: 23346J103<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      5948 | NS      | $46929.72     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc         | COMMSTCK | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      2485 | NS      | $121367.40    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA             | COMMSTCK | CUSIP: 29265W207<br>LEI: N/A                  | Long             | EC               | CORP              | IT        |     11272 | NS      | $123879.28    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget  | COMMSTCK | CUSIP: 294821608<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |     12124 | NS      | $130939.20    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co Ltd   | COMMSTCK | CUSIP: 438128308<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2350 | NS      | $71275.50     | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC  | COMMSTCK | CUSIP: 45262P102<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      2026 | NS      | $85355.38     | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp            | COMMSTCK | CUSIP: 686330101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2840 | NS      | $86705.20     | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd          | COMMSTCK | CUSIP: 500458401<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1729 | NS      | $66289.86     | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ GROUP  | COMMSTCK | CUSIP: 233825207<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      4024 | NS      | $68568.96     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial C | COMMSTCK | CUSIP: 56501R106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2431 | NS      | $92645.41     | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Finan | COMMSTCK | CUSIP: 606822104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10234 | NS      | $184723.70    | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC    | COMMSTCK | CUSIP: 636274409<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1189 | NS      | $101386.03    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc  | COMMSTCK | CUSIP: 65535H208<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11025 | NS      | $97791.75     | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG          | COMMSTCK | CUSIP: 66987V109<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |       757 | NS      | $112550.76    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA            | COMMSTCK | CUSIP: 684060106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      6543 | NS      | $120980.07    | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Cor | COMMSTCK | CUSIP: 706327103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2080 | NS      | $86486.40     | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC        | COMMSTCK | CUSIP: 767204100<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1081 | NS      | $98403.43     | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric S | COMMSTCK | CUSIP: 80687P106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      1110 | NS      | $63314.40     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Fina | COMMSTCK | CUSIP: 86562M209<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8830 | NS      | $185341.70    | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi               | COMMSTCK | CUSIP: 80105N105<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      1351 | NS      | $63551.04     | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC   | COMMSTCK | CUSIP: 92857W308<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      8722 | NS      | $127777.30    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             |  | US        |     53094 | NS      | $53094.23     | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-12

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

**Title:** Principal Accounting Officer/Principal Financial Officer