# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-25-004754
**Filing Date:** 2025-12
**Character Count:** 76325
**Document Hash:** ed218c38007b86d86fe0e6dde01f32df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004754.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0002000324-25-004754

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**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:** 251593269

**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

### Indexperts Yield Focused Fixed Income ETF (Series ID: S000088674)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000255014 | Indexperts Yield Focused Fixed Income ETF | YFFI            |

## 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_STATE | 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 |
| 451 | INDEXPERTS YIELD FOCUSED | 0010EPAF | AEP TEXAS CENTRA | 02/15/2033 6.650000% |  | 0010EPAF5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 2/15/2033 |  |  | 109.14 |  |  |  |  |  | AEP TEXAS CENTRA | 02/15/2033 6.650000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10307.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 155000.00 | 165511.48 | 164675.41 | 169162.51 | 169162.51 | 4487.10 | 4487.10 | 6.09 | False | 5.13 |  | 0.81 | 0.80 | 0.80 | 0.00 |  | 5493001L78U618KXNZ75 | 0010EPAF<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 025816AZ | AMERICAN EXPRESS | 03/19/2038 8.150000% |  | 025816AZ2 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 3/19/2038 |  |  | 125.07 |  |  |  |  |  | AMERICAN EXPRESS | 03/19/2038 8.150000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 32600.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 400000.00 | 503177.45 | 499887.37 | 500281.20 | 500281.20 | 393.83 | 393.83 | 6.52 | False | 5.35 |  | 2.41 | 2.37 | 2.37 | 0.00 |  | R4PP93JZOLY261QX3811 | 025816AZ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 03040WAD | AMERICAN WATER | 10/15/2037 6.593000% |  | 03040WAD7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 10/15/2037 |  |  | 113.33 |  |  |  |  |  | AMERICAN WATER | 10/15/2037 6.593000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21427.25 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 325000.00 | 359567.35 | 358481.60 | 368335.83 | 368335.83 | 9854.23 | 9854.23 | 5.82 | False | 5.09 |  | 1.77 | 1.74 | 1.74 | 0.00 |  | 5IDHQUFVC8Q2KIBBFF06 | 03040WAD<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 037735CM | APPALACHIAN PWR | 04/01/2038 7.000000% |  | 037735CM7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 4/1/2038 |  |  | 113.31 |  |  |  |  |  | APPALACHIAN PWR | 04/01/2038 7.000000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13650.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 195000.00 | 214402.75 | 213654.19 | 220958.40 | 220958.40 | 7304.21 | 7304.21 | 6.18 | False | 5.51 |  | 1.06 | 1.05 | 1.05 | 0.00 |  | 3SCHO1ABYYIG382BEI70 | 037735CM<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 040555DE | ARIZONA PUB SERV | 12/15/2032 6.350000% |  | 040555DE1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 12/15/2032 |  |  | 109.20 |  |  |  |  |  | ARIZONA PUB SERV | 12/15/2032 6.350000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5080.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 80000.00 | 84653.60 | 84242.48 | 87360.96 | 87360.96 | 3118.48 | 3118.48 | 5.81 | True | 4.76 |  | 0.42 | 0.41 | 0.41 | 0.00 |  | YG6VT0TPHRH4TFVAQV64 | 040555DE<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 053332BH | AUTOZONE INC | 11/01/2033 6.550000% |  | 053332BH4 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 11/1/2033 |  |  | 111.17 |  |  |  |  |  | AUTOZONE INC | 11/01/2033 6.550000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21615.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 330000.00 | 356659.66 | 354935.83 | 366860.34 | 366860.34 | 11924.51 | 11924.51 | 5.89 | True | 4.81 |  | 1.76 | 1.74 | 1.74 | 0.00 |  | GA3JGKJ41LJKXDN23E90 | 053332BH<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 054536AA | AXA SA | 12/15/2030 8.600000% |  | 054536AA5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | FRF | FRANCE |  |  | USD | US DOLLAR | 12/15/2030 |  |  | 118.05 |  |  |  |  |  | AXA SA | 12/15/2030 8.600000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 17200.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 200000.00 | 237217.75 | 233576.18 | 236106.80 | 236106.80 | 2530.62 | 2530.62 | 7.28 | False | 4.60 |  | 1.14 | 1.12 | 1.12 | 0.00 |  | F5WCUMTUM4RKZ1MAIE39 | 054536AA<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 059165EC | BALT GAS & ELEC | 10/01/2036 6.350000% |  | 059165EC0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 10/1/2036 |  |  | 112.04 |  |  |  |  |  | BALT GAS & ELEC | 10/01/2036 6.350000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16446.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 259000.00 | 277640.42 | 276878.85 | 290172.98 | 290172.98 | 13294.13 | 13294.13 | 5.67 | False | 4.91 |  | 1.40 | 1.37 | 1.37 | 0.00 |  | 88V8C2WYSOD1SPSSLH72 | 059165EC<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 101137AL | BOSTON SCIENTIFC | 01/15/2040 7.375000% |  | 101137AL1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/15/2040 |  |  | 121.04 |  |  |  |  |  | BOSTON SCIENTIFC | 01/15/2040 7.375000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 29500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 400000.00 | 471947.69 | 469929.53 | 484174.40 | 484174.40 | 14244.87 | 14244.87 | 6.09 | False | 5.25 |  | 2.33 | 2.29 | 2.29 | 0.00 |  | Y6ZDD9FP4P8JSSJMW954 | 101137AL<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 149123BR | CATERPILLAR INC | 12/15/2038 8.250000% |  | 149123BR1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 12/15/2038 |  |  | 127.59 |  |  |  |  |  | CATERPILLAR INC | 12/15/2038 8.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2475.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 30000.00 | 39945.00 | 39519.02 | 38276.79 | 38276.79 | -1242.23 | -1242.23 | 6.47 | False | 5.30 |  | 0.18 | 0.18 | 0.18 | 0.00 |  | WRJR7GS4GTRECRRTVX92 | 149123BR<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 15189YAD | CENTERPOINT ENER | 02/01/2037 6.250000% |  | 15189YAD8 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 2/1/2037 |  |  | 108.21 |  |  |  |  |  | CENTERPOINT ENER | 02/01/2037 6.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 120000.00 | 125286.60 | 125030.27 | 129857.40 | 129857.40 | 4827.13 | 4827.13 | 5.78 | False | 5.27 |  | 0.62 | 0.61 | 0.62 | 0.00 |  | 2JADVB0458J06WCD4N56 | 15189YAD<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 172967EW | CITIGROUP INC | 07/15/2039 8.125000% |  | 172967EW7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 7/15/2039 |  |  | 127.88 |  |  |  |  |  | CITIGROUP INC | 07/15/2039 8.125000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 24375.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 300000.00 | 371523.92 | 369365.80 | 383644.80 | 383644.80 | 14279.00 | 14279.00 | 6.35 | False | 5.25 |  | 1.85 | 1.82 | 1.82 | 0.00 |  | 6SHGI4ZSSLCXXQSBB395 | 172967EW<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 199575AT | COLUMBUS SO PWR | 03/01/2033 6.600000% |  | 199575AT8 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 3/1/2033 |  |  | 110.02 |  |  |  |  |  | COLUMBUS SO PWR | 03/01/2033 6.600000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13134.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 199000.00 | 212239.35 | 211215.70 | 218941.79 | 218941.79 | 7726.09 | 7726.09 | 6.00 | False | 4.95 |  | 1.05 | 1.04 | 1.04 | 0.00 |  | 06ZODLC132CY1O2Y7D77 | 199575AT<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 209111EU | CON EDISON CO | 04/01/2038 6.750000% |  | 209111EU3 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 4/1/2038 |  |  | 115.08 |  |  |  |  |  | CON EDISON CO | 04/01/2038 6.750000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 24637.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 365000.00 | 407763.06 | 406527.17 | 420052.59 | 420052.59 | 13525.42 | 13525.42 | 5.87 | False | 5.10 |  | 2.02 | 1.99 | 1.99 | 0.00 |  | VZFZPMWDHTQCFKYOBP05 | 209111EU<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 205887AX | CONAGRA INC | 09/15/2030 8.250000% |  | 205887AX0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 9/15/2030 |  |  | 115.01 |  |  |  |  |  | CONAGRA INC | 09/15/2030 8.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22357.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 271000.00 | 310426.86 | 306055.77 | 311681.71 | 311681.71 | 5625.94 | 5625.94 | 7.17 | False | 4.76 |  | 1.50 | 1.48 | 1.48 | 0.00 |  | 54930035UDEIH090K650 | 205887AX<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 210371AF | CONSTELLATION | 04/01/2032 7.600000% |  | 210371AF7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 4/1/2032 |  |  | 115.14 |  |  |  |  |  | CONSTELLATION | 04/01/2032 7.600000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14212.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 187000.00 | 210758.11 | 208651.53 | 215310.68 | 215310.68 | 6659.15 | 6659.15 | 6.60 | False | 4.83 |  | 1.04 | 1.02 | 1.02 | 0.00 |  | 3SOUA6IRML7435B56G12 | 210371AF<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 22541LAE | CREDIT SUIS USA | 07/15/2032 7.125000% |  | 22541LAE3 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 7/15/2032 |  |  | 114.28 |  |  |  |  |  | CREDIT SUIS USA | 07/15/2032 7.125000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2636.25 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 37000.00 | 41129.57 | 40744.52 | 42284.45 | 42284.45 | 1539.93 | 1539.93 | 6.23 | False | 4.62 |  | 0.20 | 0.20 | 0.20 | 0.00 |  | EXD7DEVFDH4HOFFQ7349 | 22541LAE<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 250847EB | DETROIT EDISON | 06/01/2036 6.625000% |  | 250847EB2 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 6/1/2036 |  |  | 113.18 |  |  |  |  |  | DETROIT EDISON | 06/01/2036 6.625000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4438.75 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 67000.00 | 74740.51 | 74338.23 | 75828.32 | 75828.32 | 1490.09 | 1490.09 | 5.85 | False | 5.01 |  | 0.36 | 0.36 | 0.36 | 0.00 |  | 9N0FWODEJVKHC2DYLO03 | 250847EB<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 251799AA | DEVON ENERGY | 04/15/2032 7.950000% |  | 251799AA0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OK | OKLAHOMA | USD | US DOLLAR | 4/15/2032 |  |  | 115.44 |  |  |  |  |  | DEVON ENERGY | 04/15/2032 7.950000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23850.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 300000.00 | 342798.31 | 339602.48 | 346328.40 | 346328.40 | 6725.92 | 6725.92 | 6.89 | False | 5.11 |  | 1.67 | 1.64 | 1.64 | 0.00 |  | 54930042348RKR3ZPN35 | 251799AA<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 25746UAN | DOMINION RESOURC | 03/15/2033 6.300000% |  | 25746UAN9 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 3/15/2033 |  |  | 108.66 |  |  |  |  |  | DOMINION RESOURC | 03/15/2033 6.300000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9765.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 155000.00 | 163787.25 | 163108.13 | 168420.68 | 168420.68 | 5312.55 | 5312.55 | 5.80 | False | 4.89 |  | 0.81 | 0.80 | 0.80 | 0.00 |  | ILUL7B6Z54MRYCF6H308 | 25746UAN | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 260543DG | DOW CHEMICAL CO | 03/15/2033 6.300000% |  | 260543DG5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 3/15/2033 |  |  | 107.44 |  |  |  |  |  | DOW CHEMICAL CO | 03/15/2033 6.300000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23625.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 375000.00 | 396448.55 | 395009.21 | 402911.63 | 402911.63 | 7902.42 | 7902.42 | 5.86 | True | 5.04 |  | 1.94 | 1.91 | 1.91 | 0.00 |  | ZQUIP1CSZO8LXRBSOU78 | 260543DG<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 26439XAC | DUKE ENERGY FIEL | 08/16/2030 8.125000% |  | 26439XAC7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 8/16/2030 |  |  | 115.09 |  |  |  |  |  | DUKE ENERGY FIEL | 08/16/2030 8.125000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12350.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 152000.00 | 172114.97 | 169596.44 | 174938.32 | 174938.32 | 5341.88 | 5341.88 | 7.06 | False | 4.58 |  | 0.84 | 0.83 | 0.83 | 0.00 |  | 549300Y6CTBSE0QIPL28 | 26439XAC<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 281020AW | EDISON INTL | 11/15/2029 6.950000% |  | 281020AW7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 11/15/2029 |  |  | 105.97 |  |  |  |  |  | EDISON INTL | 11/15/2029 6.950000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5490.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 79000.00 | 84363.15 | 83514.74 | 83718.28 | 83718.28 | 203.54 | 203.54 | 6.56 | True | 5.22 |  | 0.40 | 0.40 | 0.40 | 0.00 |  | 549300I7ROF15MAEVP56 | 281020AW<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 283695BK | EL PASO NAT GAS | 06/15/2032 8.375000% |  | 283695BK9 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 6/15/2032 |  |  | 119.73 |  |  |  |  |  | EL PASO NAT GAS | 06/15/2032 8.375000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 25125.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 300000.00 | 355031.90 | 351045.49 | 359197.50 | 359197.50 | 8152.01 | 8152.01 | 6.99 | False | 4.85 |  | 1.73 | 1.70 | 1.70 | 0.00 |  | 549300TTHIODYMGND828 | 283695BK<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 29250RAP | ENBRIDGE ENERGY | 04/15/2038 7.500000% |  | 29250RAP1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 4/15/2038 |  |  | 117.29 |  |  |  |  |  | ENBRIDGE ENERGY | 04/15/2038 7.500000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2700.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 36000.00 | 41153.76 | 40937.08 | 42224.72 | 42224.72 | 1287.64 | 1287.64 | 6.39 | False | 5.56 |  | 0.20 | 0.20 | 0.20 | 0.00 |  | CZ6VG2MNE1J6YDI02G48 | 29250RAP<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 29273RBC | ENERGY TRANSFER | 11/15/2029 8.250000% |  | 29273RBC2 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 11/15/2029 |  |  | 112.72 |  |  |  |  |  | ENERGY TRANSFER | 11/15/2029 8.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22852.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 277000.00 | 311511.95 | 306950.80 | 312247.14 | 312247.14 | 5296.34 | 5296.34 | 7.32 | True | 4.55 |  | 1.50 | 1.48 | 1.48 | 0.00 |  | MTLVN9N7JE8MIBIJ1H73 | 29273RBC<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 293791AP | ENTERPRISE PRODU | 10/15/2034 6.650000% |  | 293791AP4 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 10/15/2034 |  |  | 113.48 |  |  |  |  |  | ENTERPRISE PRODU | 10/15/2034 6.650000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21612.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 325000.00 | 353595.69 | 352240.62 | 368805.78 | 368805.78 | 16565.16 | 16565.16 | 5.86 | False | 4.78 |  | 1.77 | 1.75 | 1.75 | 0.00 |  | 5493004LGN656HWLDA30 | 293791AP<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 29379VAQ | ENTERPRISE PRODU | 09/01/2040 6.450000% |  | 29379VAQ6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 9/1/2040 |  |  | 110.43 |  |  |  |  |  | ENTERPRISE PRODU | 09/01/2040 6.450000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4515.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 70000.00 | 75545.40 | 75364.58 | 77298.62 | 77298.62 | 1934.04 | 1934.04 | 5.84 | False | 5.42 |  | 0.37 | 0.37 | 0.37 | 0.00 |  | 5493004LGN656HWLDA30 | 29379VAQ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 316773CH | FIFTH THIRD BANK | 03/01/2038 8.250000% |  | 316773CH1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 3/1/2038 |  |  | 122.91 |  |  |  |  |  | FIFTH THIRD BANK | 03/01/2038 8.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 28050.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 340000.00 | 409604.05 | 407352.29 | 417893.32 | 417893.32 | 10541.03 | 10541.03 | 6.71 | False | 5.64 |  | 2.01 | 1.98 | 1.98 | 0.00 |  | THRNG6BD57P9QWTQLG42 | 316773CH<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 341099CH | FLORIDA PWR CORP | 09/15/2037 6.350000% |  | 341099CH0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 9/15/2037 |  |  | 112.11 |  |  |  |  |  | FLORIDA PWR CORP | 09/15/2037 6.350000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 15875.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 250000.00 | 269087.18 | 268383.35 | 280273.25 | 280273.25 | 11889.90 | 11889.90 | 5.66 | False | 4.99 |  | 1.35 | 1.33 | 1.33 | 0.00 |  | 7MOHLM3DKE63RX2ZCN83 | 341099CH<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 36962G4B | GENERAL ELECTRIC | 01/10/2039 6.875000% |  | 36962G4B7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/10/2039 |  |  | 118.50 |  |  |  |  |  | GENERAL ELECTRIC | 01/10/2039 6.875000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 27500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 400000.00 | 457388.64 | 455679.68 | 474011.60 | 474011.60 | 18331.92 | 18331.92 | 5.80 | False | 4.95 |  | 2.28 | 2.24 | 2.25 | 0.00 |  | 3C7474T6CDKPR9K6YT90 | 36962G4B<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 372460AD | GENUINE PARTS CO | 11/01/2033 6.875000% |  | 372460AD7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 11/1/2033 |  |  | 111.07 |  |  |  |  |  | GENUINE PARTS CO | 11/01/2033 6.875000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 25437.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 370000.00 | 408404.24 | 406122.74 | 410962.33 | 410962.33 | 4839.59 | 4839.59 | 6.19 | True | 5.12 |  | 1.98 | 1.95 | 1.95 | 0.00 |  | 549300D46DQVEU651W04 | 372460AD<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 377372AE | GLAXOSMITHKLINE | 05/15/2038 6.375000% |  | 377372AE7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 5/15/2038 |  |  | 112.47 |  |  |  |  |  | GLAXOSMITHKLINE | 05/15/2038 6.375000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21675.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 340000.00 | 369536.95 | 368556.74 | 382408.88 | 382408.88 | 13852.14 | 13852.14 | 5.67 | False | 5.02 |  | 1.84 | 1.81 | 1.81 | 0.00 |  | 5493007Q8VD7Q3ZYZS59 | 377372AE<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 38143YAC | GOLDMAN SACHS GP | 05/01/2036 6.450000% |  | 38143YAC7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 5/1/2036 |  |  | 110.10 |  |  |  |  |  | GOLDMAN SACHS GP | 05/01/2036 6.450000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 27412.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 425000.00 | 448894.20 | 448036.75 | 467908.85 | 467908.85 | 19872.10 | 19872.10 | 5.86 | False | 5.19 |  | 2.25 | 2.22 | 2.22 | 0.00 |  | 784F5XWPLTWKTBV3E584 | 38143YAC<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 406216AY | HALLIBURTON CO | 09/15/2039 7.450000% |  | 406216AY7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 9/15/2039 |  |  | 119.05 |  |  |  |  |  | HALLIBURTON CO | 09/15/2039 7.450000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 26894.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 361000.00 | 415176.14 | 413657.77 | 429763.64 | 429763.64 | 16105.87 | 16105.87 | 6.26 | False | 5.47 |  | 2.07 | 2.04 | 2.04 | 0.00 |  | ENYF8GB5SMQZ25S06U51 | 406216AY<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 404119AJ | HCA INC | 11/06/2033 7.500000% |  | 404119AJ8 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 11/6/2033 |  |  | 115.82 |  |  |  |  |  | HCA INC | 11/06/2033 7.500000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 26625.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 355000.00 | 397963.08 | 395582.26 | 411147.87 | 411147.87 | 15565.61 | 15565.61 | 6.48 | False | 5.07 |  | 1.98 | 1.95 | 1.95 | 0.00 |  | L3CJ6J7LJ2DX62FTXD46 | 404119AJ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 023551AF | HESS CORP | 10/01/2029 7.875000% |  | 023551AF1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 10/1/2029 |  |  | 113.16 |  |  |  |  |  | HESS CORP | 10/01/2029 7.875000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 18112.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 230000.00 | 256300.05 | 252853.61 | 260278.58 | 260278.58 | 7424.97 | 7424.97 | 6.96 | False | 4.19 |  | 1.25 | 1.23 | 1.23 | 0.00 |  | UASVRYNXNK17ULIGK870 | 023551AF<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 404280AF | HSBC HLDGS PLC | 05/17/2032 7.625000% |  | 404280AF6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | UKS | UNITED KINGDOM |  |  | USD | US DOLLAR | 5/17/2032 |  |  | 114.04 |  |  |  |  |  | HSBC HLDGS PLC | 05/17/2032 7.625000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8921.25 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 117000.00 | 131699.64 | 130419.31 | 133424.81 | 133424.81 | 3005.50 | 3005.50 | 6.69 | False | 5.08 |  | 0.64 | 0.63 | 0.63 | 0.00 |  | MLU0ZO3ML4LN2LL2TL39 | 404280AF<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 472319AE | JEFFERIES GROUP | 06/08/2027 6.450000% |  | 472319AE2 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 6/8/2027 |  |  | 102.65 |  |  |  |  |  | JEFFERIES GROUP | 06/08/2027 6.450000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2644.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 41000.00 | 42593.26 | 42065.85 | 42085.72 | 42085.72 | 19.87 | 19.87 | 6.28 | False | 4.71 |  | 0.20 | 0.20 | 0.20 | 0.00 |  | 549300HOF34RGOJ5YL07 | 472319AE<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 06423AAJ | JPMORGAN CHASE | 09/01/2030 8.750000% |  | 06423AAJ2 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 9/1/2030 |  |  | 118.50 |  |  |  |  |  | JPMORGAN CHASE | 09/01/2030 8.750000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21437.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 245000.00 | 290692.40 | 285457.97 | 290313.00 | 290313.00 | 4855.03 | 4855.03 | 7.38 | False | 4.45 |  | 1.40 | 1.37 | 1.38 | 0.00 |  | 8I5DZWZKVSZI1NUHU748 | 06423AAJ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 494368BC | KIMBERLY-CLARK | 08/01/2037 6.625000% |  | 494368BC6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 8/1/2037 |  |  | 116.24 |  |  |  |  |  | KIMBERLY-CLARK | 08/01/2037 6.625000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23187.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 350000.00 | 398484.05 | 396643.55 | 406850.85 | 406850.85 | 10207.30 | 10207.30 | 5.70 | False | 4.80 |  | 1.96 | 1.93 | 1.93 | 0.00 |  | MP3J6QPYPGN75NVW2S34 | 494368BC<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 494550AJ | KINDER MORGAN EN | 03/15/2031 7.400000% |  | 494550AJ5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 3/15/2031 |  |  | 113.68 |  |  |  |  |  | KINDER MORGAN EN | 03/15/2031 7.400000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22200.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 300000.00 | 332793.93 | 329775.76 | 341032.50 | 341032.50 | 11256.74 | 11256.74 | 6.51 | False | 4.50 |  | 1.64 | 1.61 | 1.62 | 0.00 |  | 549300PDHUGWPWGOT525 | 494550AJ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 50076QAR | KRAFT FOODS GROU | 1/26/2039 6.875% |  | 50076QAR7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/26/2039 |  |  | 111.58 |  |  |  |  |  | KRAFT FOODS GROU | 1/26/2039 6.875% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22481.25 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 327000.00 | 359832.52 | 358741.32 | 364863.33 | 364863.33 | 6122.01 | 6122.01 | 6.16 | False | 5.62 |  | 1.76 | 1.73 | 1.73 | 0.00 |  |  | 50076QAR<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 501044BT | KROGER CO | 06/01/2029 7.700000% |  | 501044BT7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 6/1/2029 |  |  | 110.91 |  |  |  |  |  | KROGER CO | 06/01/2029 7.700000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8701.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 113000.00 | 124752.66 | 123067.51 | 125327.62 | 125327.62 | 2260.11 | 2260.11 | 6.94 | False | 4.38 |  | 0.60 | 0.59 | 0.59 | 0.00 |  | 6CPEOKI6OYJ13Q6O7870 | 501044BT<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 548661CP | LOWES COMPANIES | 09/15/2037 6.650000% |  | 548661CP0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 9/15/2037 |  |  | 113.24 |  |  |  |  |  | LOWES COMPANIES | 09/15/2037 6.650000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23275.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 350000.00 | 385906.38 | 384871.50 | 396322.85 | 396322.85 | 11451.35 | 11451.35 | 5.87 | False | 5.15 |  | 1.91 | 1.88 | 1.88 | 0.00 |  | WAFCR4OKGSC504WU3E95 | 548661CP<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 574599AT | MASCO CORP | 08/01/2029 7.750000% |  | 574599AT3 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 8/1/2029 |  |  | 110.57 |  |  |  |  |  | MASCO CORP | 08/01/2029 7.750000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4805.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 62000.00 | 68678.90 | 67582.35 | 68550.92 | 68550.92 | 968.57 | 968.57 | 7.01 | False | 4.64 |  | 0.33 | 0.32 | 0.32 | 0.00 |  | 5GCSNMQXHEYA1JO8QN11 | 574599AT<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 59156RAJ | METLIFE INC | 06/15/2034 6.375000% |  | 59156RAJ7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 6/15/2034 |  |  | 111.39 |  |  |  |  |  | METLIFE INC | 06/15/2034 6.375000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14917.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 234000.00 | 253252.88 | 252044.25 | 260648.15 | 260648.15 | 8603.90 | 8603.90 | 5.72 | False | 4.75 |  | 1.25 | 1.23 | 1.23 | 0.00 |  | C4BXATY60WC6XEOZDX54 | 59156RAJ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 617482V9 | MORGAN STANLEY | 07/24/2042 6.375000% |  | 617482V92 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 7/24/2042 |  |  | 112.18 |  |  |  |  |  | MORGAN STANLEY | 07/24/2042 6.375000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23906.25 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 375000.00 | 406543.01 | 405839.99 | 420687.00 | 420687.00 | 14847.01 | 14847.01 | 5.68 | False | 5.27 |  | 2.02 | 1.99 | 1.99 | 0.00 |  | IGJSJL3JD5P30I6NJZ34 | 617482V9<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 677347CF | OHIO EDISON CO | 10/15/2038 8.250000% |  | 677347CF1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 10/15/2038 |  |  | 128.03 |  |  |  |  |  | OHIO EDISON CO | 10/15/2038 8.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 18562.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 225000.00 | 283100.11 | 280970.42 | 288058.05 | 288058.05 | 7087.63 | 7087.63 | 6.44 | False | 5.24 |  | 1.39 | 1.36 | 1.36 | 0.00 |  | 254900QBKK4WBSO3GE51 | 677347CF<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 690742AB | OWENS CORNING | 12/01/2036 7.000000% |  | 690742AB7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 12/1/2036 |  |  | 114.72 |  |  |  |  |  | OWENS CORNING | 12/01/2036 7.000000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 28000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 400000.00 | 446575.30 | 444819.20 | 458869.20 | 458869.20 | 14050.00 | 14050.00 | 6.10 | False | 5.23 |  | 2.21 | 2.17 | 2.17 | 0.00 |  | JO5M6676RDJIZ2U8X907 | 690742AB<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 695114BT | PACIFICORP | 11/15/2031 7.700000% |  | 695114BT4 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OR | OREGON | USD | US DOLLAR | 11/15/2031 |  |  | 116.10 |  |  |  |  |  | PACIFICORP | 11/15/2031 7.700000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7700.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 100000.00 | 116137.48 | 115267.47 | 116103.40 | 116103.40 | 835.93 | 835.93 | 6.63 | False | 4.61 |  | 0.56 | 0.55 | 0.55 | 0.00 |  | SGY07Y7FNYBNLM6Z1M11 | 695114BT<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 737679DC | POTOMAC ELEC PWR | 12/15/2038 7.900000% |  | 737679DC1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | DC | DISTRICT OF COLUMBIA | USD | US DOLLAR | 12/15/2038 |  |  | 127.95 |  |  |  |  |  | POTOMAC ELEC PWR | 12/15/2038 7.900000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10586.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 134000.00 | 168017.82 | 166754.43 | 171446.43 | 171446.43 | 4692.00 | 4692.00 | 6.17 | False | 4.97 |  | 0.82 | 0.81 | 0.81 | 0.00 |  | 549300BXF2DWUNN57U06 | 737679DC<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 743263AE | PROGRESS ENERGY | 03/01/2031 7.750000% |  | 743263AE5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 3/1/2031 |  |  | 114.89 |  |  |  |  |  | PROGRESS ENERGY | 03/01/2031 7.750000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11702.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 151000.00 | 171043.30 | 168800.80 | 173484.66 | 173484.66 | 4683.86 | 4683.86 | 6.75 | False | 4.57 |  | 0.83 | 0.82 | 0.82 | 0.00 |  | 549300FBMTW0JYWMNB26 | 743263AE<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 74432QBD | PRUDENTIAL FIN | 12/01/2037 6.625000% |  | 74432QBD6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 12/1/2037 |  |  | 114.03 |  |  |  |  |  | PRUDENTIAL FIN | 12/01/2037 6.625000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 28156.25 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 425000.00 | 470123.25 | 468640.29 | 484641.95 | 484641.95 | 16001.66 | 16001.66 | 5.81 | False | 5.06 |  | 2.33 | 2.29 | 2.30 | 0.00 |  | 5PRBRS5FEH7NREC8OR45 | 74432QBD<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 744448BZ | PUBLIC SERV COLO | 09/01/2037 6.250000% |  | 744448BZ3 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 9/1/2037 |  |  | 110.18 |  |  |  |  |  | PUBLIC SERV COLO | 09/01/2037 6.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10312.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 165000.00 | 175297.10 | 174848.62 | 181793.54 | 181793.54 | 6944.92 | 6944.92 | 5.67 | False | 5.09 |  | 0.87 | 0.86 | 0.86 | 0.00 |  | 5BANEF6PGSEK0SNMQF44 | 744448BZ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 744573AS | PUBLIC SERVICE | 04/15/2031 8.625000% |  | 744573AS5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 4/15/2031 |  |  | 115.64 |  |  |  |  |  | PUBLIC SERVICE | 04/15/2031 8.625000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3105.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 36000.00 | 41749.20 | 41027.26 | 41630.29 | 41630.29 | 603.03 | 603.03 | 7.46 | True | 5.02 |  | 0.20 | 0.20 | 0.20 | 0.00 |  | PUSS41EMO3E6XXNV3U28 | 744573AS<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 773903AE | ROCKWELL AUTO | 12/01/2037 6.250000% |  | 773903AE9 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 12/1/2037 |  |  | 113.50 |  |  |  |  |  | ROCKWELL AUTO | 12/01/2037 6.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 360000.00 | 391342.70 | 390228.56 | 408595.32 | 408595.32 | 18366.76 | 18366.76 | 5.51 | False | 4.77 |  | 1.97 | 1.93 | 1.94 | 0.00 |  | VH3R4HHBHH12O0EXZJ88 | 773903AE<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 77509NAF | ROGERS COMMUNIC | 05/01/2032 8.750000% |  | 77509NAF0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 5/1/2032 |  |  | 118.49 |  |  |  |  |  | ROGERS COMMUNIC | 05/01/2032 8.750000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9887.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 113000.00 | 134902.12 | 133120.20 | 133891.55 | 133891.55 | 771.35 | 771.35 | 7.38 | False | 5.35 |  | 0.64 | 0.63 | 0.63 | 0.00 |  | 5493000M6Z4XFIP6PF03 | 77509NAF<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 806605AG | SCHERING-PLOUGH | 12/01/2033 6.500000% |  | 806605AG6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 12/1/2033 |  |  | 113.08 |  |  |  |  |  | SCHERING-PLOUGH | 12/01/2033 6.500000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21125.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 325000.00 | 362123.80 | 359933.27 | 367496.68 | 367496.68 | 7563.41 | 7563.41 | 5.75 | False | 4.55 |  | 1.77 | 1.74 | 1.74 | 0.00 |  | 4YV9Y5M8S0BRK1RP0397 | 806605AG<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 845437BL | SOUTHWESTN EL PR | 03/15/2040 6.200000% |  | 845437BL5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 3/15/2040 |  |  | 106.56 |  |  |  |  |  | SOUTHWESTN EL PR | 03/15/2040 6.200000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8680.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 140000.00 | 146374.40 | 146172.05 | 149183.16 | 149183.16 | 3011.11 | 3011.11 | 5.82 | False | 5.53 |  | 0.72 | 0.71 | 0.71 | 0.00 |  | R64UBJHEC74EB3HGQ410 | 845437BL<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 880451AV | TENNESSEE GAS PL | 10/15/2028 7.000000% |  | 880451AV1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 10/15/2028 |  |  | 107.49 |  |  |  |  |  | TENNESSEE GAS PL | 10/15/2028 7.000000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10780.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 154000.00 | 164399.20 | 162539.10 | 165541.38 | 165541.38 | 3002.28 | 3002.28 | 6.51 | False | 4.27 |  | 0.80 | 0.78 | 0.78 | 0.00 |  | 549300ROEJDDAXM6LU05 | 880451AV<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 882389CC | TEXAS EAST TRANS | 07/15/2032 7.000000% |  | 882389CC1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 7/15/2032 |  |  | 112.40 |  |  |  |  |  | TEXAS EAST TRANS | 07/15/2032 7.000000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13860.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 198000.00 | 217225.26 | 215561.47 | 222551.80 | 222551.80 | 6990.33 | 6990.33 | 6.23 | False | 4.81 |  | 1.07 | 1.05 | 1.05 | 0.00 |  | 549300SIOULUXXIDGA69 | 882389CC<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 889175BD | TOLEDO EDISON | 05/15/2037 6.150000% |  | 889175BD6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 5/15/2037 |  |  | 109.28 |  |  |  |  |  | TOLEDO EDISON | 05/15/2037 6.150000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12300.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 200000.00 | 212596.60 | 212054.98 | 218560.00 | 218560.00 | 6505.02 | 6505.02 | 5.63 | False | 5.08 |  | 1.05 | 1.03 | 1.04 | 0.00 |  | 549300ROEJDDAXM6LU05 | 889175BD<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 89417EAD | TRAVELERS COS | 06/15/2037 6.250000% |  | 89417EAD1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 6/15/2037 |  |  | 111.36 |  |  |  |  |  | TRAVELERS COS | 06/15/2037 6.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23437.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 375000.00 | 403366.87 | 402306.65 | 417606.38 | 417606.38 | 15299.73 | 15299.73 | 5.61 | False | 4.95 |  | 2.01 | 1.98 | 1.98 | 0.00 |  | 549300Y650407RU8B149 | 89417EAD<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 906548CH | UNION ELECTRIC | 03/15/2039 8.450000% |  | 906548CH3 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 3/15/2039 |  |  | 129.58 |  |  |  |  |  | UNION ELECTRIC | 03/15/2039 8.450000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12252.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 145000.00 | 184003.11 | 182569.09 | 187895.64 | 187895.64 | 5326.55 | 5326.55 | 6.52 | False | 5.33 |  | 0.90 | 0.89 | 0.89 | 0.00 |  | QMPJLLDULY5C1M8PNY21 | 906548CH<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 913017BA | UNITED TECH CORP | 09/15/2029 7.500000% |  | 913017BA6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 9/15/2029 |  |  | 111.67 |  |  |  |  |  | UNITED TECH CORP | 09/15/2029 7.500000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2850.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 38000.00 | 42222.56 | 41541.37 | 42434.26 | 42434.26 | 892.89 | 892.89 | 6.72 | False | 4.20 |  | 0.20 | 0.20 | 0.20 | 0.00 |  | I07WOS4YJ0N7YRFE7309 | 913017BA<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 743862AA | UNUM GROUP | 03/15/2028 7.250000% |  | 743862AA2 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 3/15/2028 |  |  | 105.56 |  |  |  |  |  | UNUM GROUP | 03/15/2028 7.250000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2827.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 39000.00 | 41622.75 | 40978.83 | 41166.76 | 41166.76 | 187.93 | 187.93 | 6.87 | False | 4.74 |  | 0.20 | 0.19 | 0.20 | 0.00 |  | 549300E32YFDO6TZ8R31 | 743862AA<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 91913YAE | VALERO ENERGY | 04/15/2032 7.500000% |  | 91913YAE0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 4/15/2032 |  |  | 115.13 |  |  |  |  |  | VALERO ENERGY | 04/15/2032 7.500000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20625.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 275000.00 | 309012.08 | 306401.51 | 316604.48 | 316604.48 | 10202.97 | 10202.97 | 6.51 | False | 4.75 |  | 1.52 | 1.50 | 1.50 | 0.00 |  | 549300XTO5VR8SKV1V74 | 91913YAE<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 92343VBT | VERIZON COMM INC | 09/15/2043 6.550000% |  | 92343VBT0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 9/15/2043 |  |  | 111.08 |  |  |  |  |  | VERIZON COMM INC | 09/15/2043 6.550000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 24562.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 375000.00 | 408336.66 | 407661.52 | 416563.13 | 416563.13 | 8901.61 | 8901.61 | 5.90 | False | 5.56 |  | 2.00 | 1.97 | 1.97 | 0.00 |  | 2S72QS2UO2OESLG6Y829 | 92343VBT<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 927804FG | VIRGINIA EL&PWR | 11/15/2038 8.875000% |  | 927804FG4 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 11/15/2038 |  |  | 134.94 |  |  |  |  |  | VIRGINIA EL&PWR | 11/15/2038 8.875000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22187.50 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 250000.00 | 328530.76 | 326170.13 | 337362.25 | 337362.25 | 11192.12 | 11192.12 | 6.58 | False | 5.16 |  | 1.62 | 1.60 | 1.60 | 0.00 |  | CQKUMNNZVDJLRYV2PT43 | 927804FG<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 92857TAH | VODAFONE GROUP | 02/15/2030 7.875000% |  | 92857TAH0 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | UKS | UNITED KINGDOM |  |  | USD | US DOLLAR | 2/15/2030 |  |  | 114.10 |  |  |  |  |  | VODAFONE GROUP | 02/15/2030 7.875000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2835.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 36000.00 | 40894.56 | 40173.55 | 41074.78 | 41074.78 | 901.23 | 901.23 | 6.90 | False | 4.24 |  | 0.20 | 0.19 | 0.19 | 0.00 |  | 213800TB53ELEUKM7Q61 | 92857TAH<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 931142CK | WALMART INC | 08/15/2037 6.500000% |  | 931142CK7 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | AR | ARKANSAS | USD | US DOLLAR | 8/15/2037 |  |  | 115.49 |  |  |  |  |  | WALMART INC | 08/15/2037 6.500000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21125.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 325000.00 | 368754.85 | 367146.26 | 375341.53 | 375341.53 | 8195.27 | 8195.27 | 5.63 | False | 4.77 |  | 1.81 | 1.78 | 1.78 | 0.00 |  | Y87794H0US1R65VBXU25 | 931142CK<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 254687EZ | WALT DISNEY CO | 12/01/2045 7.750000% |  | 254687EZ5 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 12/1/2045 |  |  | 129.49 |  |  |  |  |  | WALT DISNEY CO | 12/01/2045 7.750000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 25575.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 330000.00 | 423139.02 | 421667.30 | 427325.91 | 427325.91 | 5658.61 | 5658.61 | 5.98 | False | 5.34 |  | 2.06 | 2.02 | 2.02 | 0.00 |  | 549300GZKULIZ0WOW665 | 254687EZ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 961548AV | WESTROCK MWV LLC | 01/15/2030 8.200000% |  | 961548AV6 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/15/2030 |  |  | 114.03 |  |  |  |  |  | WESTROCK MWV LLC | 01/15/2030 8.200000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2952.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 36000.00 | 41038.92 | 40283.75 | 41050.40 | 41050.40 | 766.65 | 766.65 | 7.19 | False | 4.50 |  | 0.20 | 0.19 | 0.19 | 0.00 |  | 4DL8C98Z5G5IXZLH3578 | 961548AV<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 969457BM | WILLIAMS COS | 03/15/2032 8.750000% |  | 969457BM1 |  | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OK | OKLAHOMA | USD | US DOLLAR | 3/15/2032 |  |  | 120.22 |  |  |  |  |  | WILLIAMS COS | 03/15/2032 8.750000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 26250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 300000.00 | 356574.50 | 352143.47 | 360650.10 | 360650.10 | 8506.63 | 8506.63 | 7.28 | False | 5.00 |  | 1.74 | 1.71 | 1.71 | 0.00 |  | D71FAKCBLFS2O0RBPG08 | 969457BM<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 20825CAQ | CONOCOPHILLIPS | 2/1/2039 6.5% |  | 20825CAQ7 | 1083 | Exploration and Prod | uction | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/1/2039 |  |  | 112.12 |  |  |  |  |  | CONOCOPHILLIPS | 2/1/2039 6.5% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 350000.00 | 381047.95 | 380047.28 | 392409.15 | 392409.15 | 12361.87 | 12361.87 | 5.80 | False | 5.22 |  | 1.89 | 1.86 | 1.86 | 0.00 |  |  | 20825CAQ<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 72650RAR | PLAINS ALL AMER | 1/15/2037 6.65% |  | 72650RAR3 | 1089 | Pipelines |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/15/2037 |  |  | 108.30 |  |  |  |  |  | PLAINS ALL AMER | 1/15/2037 6.65% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16625.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 250000.00 | 263211.64 | 262807.55 | 270759.25 | 270759.25 | 7951.70 | 7951.70 | 6.14 | False | 5.64 |  | 1.30 | 1.28 | 1.28 | 0.00 |  |  | 72650RAR<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | 12189TAD | BURLINGTN NORTH SANT | A FE 6/1/2036 7.29% |  | 12189TAD6 | 1107 | Transportation |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/1/2036 |  |  | 120.60 |  |  |  |  |  | BURLINGTN NORTH SANT | A FE 6/1/2036 7.29% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5103.00 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 70000.00 | 82258.40 | 81619.55 | 84420.56 | 84420.56 | 2801.01 | 2801.01 | 6.04 | False | 4.79 |  | 0.41 | 0.40 | 0.40 | 0.00 |  |  | 12189TAD<br> N | MP |
| 451 | INDEXPERTS YIELD FOCUSED | FGTXX | Goldman Sachs Financ | ial Square Funds - G |  | 38141W273 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 11/1/2025 |  |  | 100.00 |  |  |  |  |  | Goldman Sachs Financ | ial Square Funds - G |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6857.56 | L<br> N |  |  | 10/31/2025<br> C |  | 451;USD | USD | 170815.48 | 170815.48 | 170815.48 | 170815.48 | 170815.48 | 0.00 | 0.00 | 4.01 | False | 4.00 |  | 0.82 | 0.81 | 0.81 | 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:** Indexperts Yield Focused Fixed Income ETF

- **b. EDGAR series identifier (if any):** S000088674

- **c. LEI of Series:** 5299003N08G7Y74N2S21

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $21117567.37

**Total Liabilities:** $9031.71

**Net Assets:** $21108535.66

**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 C000255014 | 1.29%                | 1.19%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $190947.03                                 |
| Month 2  | $0.00                    | $161515.07                                 |
| Month 3  | $0.00                    | $10161.64                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP TEXAS CENTRA     | CORPBOND | CUSIP: 0010EPAF5<br>LEI: N/A | Long             | DBT              | CORP              | US        |    155000 | NS      | $169162.51    | 0.80%             | 2033-02-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| HESS CORP            | CORPBOND | CUSIP: 023551AF1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    230000 | NS      | $260278.58    | 1.23%             | 2029-10-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS     | CORPBOND | CUSIP: 025816AZ2<br>LEI: N/A | Long             | DBT              | CORP              | US        |    400000 | NS      | $500281.20    | 2.37%             | 2038-03-19      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER       | CORPBOND | CUSIP: 03040WAD7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    325000 | NS      | $368335.83    | 1.74%             | 2037-10-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| APPALACHIAN PWR      | CORPBOND | CUSIP: 037735CM7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    195000 | NS      | $220958.40    | 1.05%             | 2038-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUB SERV     | CORPBOND | CUSIP: 040555DE1<br>LEI: N/A | Long             | DBT              | CORP              | US        |     80000 | NS      | $87360.96     | 0.41%             | 2032-12-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC         | CORPBOND | CUSIP: 053332BH4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    330000 | NS      | $366860.34    | 1.74%             | 2033-11-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| AXA SA               | CORPBOND | CUSIP: 054536AA5<br>LEI: N/A | Long             | DBT              | CORP              | FR        |    200000 | NS      | $236106.80    | 1.12%             | 2030-12-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| BALT GAS & ELEC      | CORPBOND | CUSIP: 059165EC0<br>LEI: N/A | Long             | DBT              | CORP              | US        |    259000 | NS      | $290172.98    | 1.37%             | 2036-10-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE       | CORPBOND | CUSIP: 06423AAJ2<br>LEI: N/A | Long             | DBT              | CORP              | US        |    245000 | NS      | $290313.00    | 1.38%             | 2030-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BOSTON SCIENTIFC     | CORPBOND | CUSIP: 101137AL1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    400000 | NS      | $484174.40    | 2.29%             | 2040-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANT | CORPBOND | CUSIP: 12189TAD6<br>LEI: N/A | Long             | DBT              | CORP              | US        |     70000 | NS      | $84420.56     | 0.40%             | 2036-06-01      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC      | CORPBOND | CUSIP: 149123BR1<br>LEI: N/A | Long             | DBT              | CORP              | US        |     30000 | NS      | $38276.79     | 0.18%             | 2038-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER     | CORPBOND | CUSIP: 15189YAD8<br>LEI: N/A | Long             | DBT              | CORP              | US        |    120000 | NS      | $129857.40    | 0.62%             | 2037-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC        | CORPBOND | CUSIP: 172967EW7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    300000 | NS      | $383644.80    | 1.82%             | 2039-07-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| COLUMBUS SO PWR      | CORPBOND | CUSIP: 199575AT8<br>LEI: N/A | Long             | DBT              | CORP              | US        |    199000 | NS      | $218941.79    | 1.04%             | 2033-03-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| CONAGRA INC          | CORPBOND | CUSIP: 205887AX0<br>LEI: N/A | Long             | DBT              | CORP              | US        |    271000 | NS      | $311681.71    | 1.48%             | 2030-09-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS       | CORPBOND | CUSIP: 20825CAQ7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    350000 | NS      | $392409.15    | 1.86%             | 2039-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO        | CORPBOND | CUSIP: 209111EU3<br>LEI: N/A | Long             | DBT              | CORP              | US        |    365000 | NS      | $420052.59    | 1.99%             | 2038-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION        | CORPBOND | CUSIP: 210371AF7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    187000 | NS      | $215310.68    | 1.02%             | 2032-04-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| CREDIT SUIS USA      | CORPBOND | CUSIP: 22541LAE3<br>LEI: N/A | Long             | DBT              | CORP              | US        |     37000 | NS      | $42284.45     | 0.20%             | 2032-07-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| DETROIT EDISON       | CORPBOND | CUSIP: 250847EB2<br>LEI: N/A | Long             | DBT              | CORP              | US        |     67000 | NS      | $75828.32     | 0.36%             | 2036-06-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY         | CORPBOND | CUSIP: 251799AA0<br>LEI: N/A | Long             | DBT              | CORP              | US        |    300000 | NS      | $346328.40    | 1.64%             | 2032-04-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY CO       | CORPBOND | CUSIP: 254687EZ5<br>LEI: N/A | Long             | DBT              | CORP              | US        |    330000 | NS      | $427325.91    | 2.02%             | 2045-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DOMINION RESOURC     | CORPBOND | CUSIP: 25746UAN9<br>LEI: N/A | Long             | DBT              | CORP              | US        |    155000 | NS      | $168420.68    | 0.80%             | 2033-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO      | CORPBOND | CUSIP: 260543DG5<br>LEI: N/A | Long             | DBT              | CORP              | US        |    375000 | NS      | $402911.63    | 1.91%             | 2033-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FIEL     | CORPBOND | CUSIP: 26439XAC7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    152000 | NS      | $174938.32    | 0.83%             | 2030-08-16      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| EDISON INTL          | CORPBOND | CUSIP: 281020AW7<br>LEI: N/A | Long             | DBT              | CORP              | US        |     79000 | NS      | $83718.28     | 0.40%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EL PASO NAT GAS      | CORPBOND | CUSIP: 283695BK9<br>LEI: N/A | Long             | DBT              | CORP              | US        |    300000 | NS      | $359197.50    | 1.70%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE ENERGY      | CORPBOND | CUSIP: 29250RAP1<br>LEI: N/A | Long             | DBT              | CORP              | US        |     36000 | NS      | $42224.72     | 0.20%             | 2038-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER      | CORPBOND | CUSIP: 29273RBC2<br>LEI: N/A | Long             | DBT              | CORP              | US        |    277000 | NS      | $312247.14    | 1.48%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODU     | CORPBOND | CUSIP: 293791AP4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    325000 | NS      | $368805.78    | 1.75%             | 2034-10-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODU     | CORPBOND | CUSIP: 29379VAQ6<br>LEI: N/A | Long             | DBT              | CORP              | US        |     70000 | NS      | $77298.62     | 0.37%             | 2040-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK     | CORPBOND | CUSIP: 316773CH1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    340000 | NS      | $417893.32    | 1.98%             | 2038-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA PWR CORP     | CORPBOND | CUSIP: 341099CH0<br>LEI: N/A | Long             | DBT              | CORP              | US        |    250000 | NS      | $280273.25    | 1.33%             | 2037-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC     | CORPBOND | CUSIP: 36962G4B7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    400000 | NS      | $474011.60    | 2.25%             | 2039-01-10      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO     | CORPBOND | CUSIP: 372460AD7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    370000 | NS      | $410962.33    | 1.95%             | 2033-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE      | CORPBOND | CUSIP: 377372AE7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    340000 | NS      | $382408.88    | 1.81%             | 2038-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GP     | CORPBOND | CUSIP: 38143YAC7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    425000 | NS      | $467908.85    | 2.22%             | 2036-05-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| HCA INC              | CORPBOND | CUSIP: 404119AJ8<br>LEI: N/A | Long             | DBT              | CORP              | US        |    355000 | NS      | $411147.87    | 1.95%             | 2033-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC HLDGS PLC       | CORPBOND | CUSIP: 404280AF6<br>LEI: N/A | Long             | DBT              | CORP              | GB        |    117000 | NS      | $133424.81    | 0.63%             | 2032-05-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO       | CORPBOND | CUSIP: 406216AY7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    361000 | NS      | $429763.64    | 2.04%             | 2039-09-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| JEFFERIES GROUP      | CORPBOND | CUSIP: 472319AE2<br>LEI: N/A | Long             | DBT              | CORP              | US        |     41000 | NS      | $42085.72     | 0.20%             | 2027-06-08      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK       | CORPBOND | CUSIP: 494368BC6<br>LEI: N/A | Long             | DBT              | CORP              | US        |    350000 | NS      | $406850.85    | 1.93%             | 2037-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN EN     | CORPBOND | CUSIP: 494550AJ5<br>LEI: N/A | Long             | DBT              | CORP              | US        |    300000 | NS      | $341032.50    | 1.62%             | 2031-03-15      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| KRAFT FOODS GROU     | CORPBOND | CUSIP: 50076QAR7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    327000 | NS      | $364863.33    | 1.73%             | 2039-01-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KROGER CO            | CORPBOND | CUSIP: 501044BT7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    113000 | NS      | $125327.62    | 0.59%             | 2029-06-01      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| LOWES COMPANIES      | CORPBOND | CUSIP: 548661CP0<br>LEI: N/A | Long             | DBT              | CORP              | US        |    350000 | NS      | $396322.85    | 1.88%             | 2037-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| MASCO CORP           | CORPBOND | CUSIP: 574599AT3<br>LEI: N/A | Long             | DBT              | CORP              | US        |     62000 | NS      | $68550.92     | 0.32%             | 2029-08-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| METLIFE INC          | CORPBOND | CUSIP: 59156RAJ7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    234000 | NS      | $260648.15    | 1.23%             | 2034-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY       | CORPBOND | CUSIP: 617482V92<br>LEI: N/A | Long             | DBT              | CORP              | US        |    375000 | NS      | $420687.00    | 1.99%             | 2042-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO       | CORPBOND | CUSIP: 677347CF1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    225000 | NS      | $288058.05    | 1.36%             | 2038-10-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING        | CORPBOND | CUSIP: 690742AB7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    400000 | NS      | $458869.20    | 2.17%             | 2036-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PACIFICORP           | CORPBOND | CUSIP: 695114BT4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    100000 | NS      | $116103.40    | 0.55%             | 2031-11-15      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER      | CORPBOND | CUSIP: 72650RAR3<br>LEI: N/A | Long             | DBT              | CORP              | US        |    250000 | NS      | $270759.25    | 1.28%             | 2037-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| POTOMAC ELEC PWR     | CORPBOND | CUSIP: 737679DC1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    134000 | NS      | $171446.43    | 0.81%             | 2038-12-15      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| PROGRESS ENERGY      | CORPBOND | CUSIP: 743263AE5<br>LEI: N/A | Long             | DBT              | CORP              | US        |    151000 | NS      | $173484.66    | 0.82%             | 2031-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP           | CORPBOND | CUSIP: 743862AA2<br>LEI: N/A | Long             | DBT              | CORP              | US        |     39000 | NS      | $41166.76     | 0.20%             | 2028-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FIN       | CORPBOND | CUSIP: 74432QBD6<br>LEI: N/A | Long             | DBT              | CORP              | US        |    425000 | NS      | $484641.95    | 2.30%             | 2037-12-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERV COLO     | CORPBOND | CUSIP: 744448BZ3<br>LEI: N/A | Long             | DBT              | CORP              | US        |    165000 | NS      | $181793.54    | 0.86%             | 2037-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE       | CORPBOND | CUSIP: 744573AS5<br>LEI: N/A | Long             | DBT              | CORP              | US        |     36000 | NS      | $41630.29     | 0.20%             | 2031-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ROCKWELL AUTO        | CORPBOND | CUSIP: 773903AE9<br>LEI: N/A | Long             | DBT              | CORP              | US        |    360000 | NS      | $408595.32    | 1.94%             | 2037-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNIC      | CORPBOND | CUSIP: 77509NAF0<br>LEI: N/A | Long             | DBT              | CORP              | CA        |    113000 | NS      | $133891.55    | 0.63%             | 2032-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SCHERING-PLOUGH      | CORPBOND | CUSIP: 806605AG6<br>LEI: N/A | Long             | DBT              | CORP              | US        |    325000 | NS      | $367496.68    | 1.74%             | 2033-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTN EL PR     | CORPBOND | CUSIP: 845437BL5<br>LEI: N/A | Long             | DBT              | CORP              | US        |    140000 | NS      | $149183.16    | 0.71%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| TENNESSEE GAS PL     | CORPBOND | CUSIP: 880451AV1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    154000 | NS      | $165541.38    | 0.78%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEXAS EAST TRANS     | CORPBOND | CUSIP: 882389CC1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    198000 | NS      | $222551.80    | 1.05%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO EDISON        | CORPBOND | CUSIP: 889175BD6<br>LEI: N/A | Long             | DBT              | CORP              | US        |    200000 | NS      | $218560.00    | 1.04%             | 2037-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TRAVELERS COS        | CORPBOND | CUSIP: 89417EAD1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    375000 | NS      | $417606.38    | 1.98%             | 2037-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC       | CORPBOND | CUSIP: 906548CH3<br>LEI: N/A | Long             | DBT              | CORP              | US        |    145000 | NS      | $187895.64    | 0.89%             | 2039-03-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| UNITED TECH CORP     | CORPBOND | CUSIP: 913017BA6<br>LEI: N/A | Long             | DBT              | CORP              | US        |     38000 | NS      | $42434.26     | 0.20%             | 2029-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY        | CORPBOND | CUSIP: 91913YAE0<br>LEI: N/A | Long             | DBT              | CORP              | US        |    275000 | NS      | $316604.48    | 1.50%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMM INC     | CORPBOND | CUSIP: 92343VBT0<br>LEI: N/A | Long             | DBT              | CORP              | US        |    375000 | NS      | $416563.13    | 1.97%             | 2043-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| VIRGINIA EL&PWR      | CORPBOND | CUSIP: 927804FG4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    250000 | NS      | $337362.25    | 1.60%             | 2038-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP       | CORPBOND | CUSIP: 92857TAH0<br>LEI: N/A | Long             | DBT              | CORP              | GB        |     36000 | NS      | $41074.78     | 0.19%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| WALMART INC          | CORPBOND | CUSIP: 931142CK7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    325000 | NS      | $375341.53    | 1.78%             | 2037-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WESTROCK MWV LLC     | CORPBOND | CUSIP: 961548AV6<br>LEI: N/A | Long             | DBT              | CORP              | US        |     36000 | NS      | $41050.40     | 0.19%             | 2030-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS         | CORPBOND | CUSIP: 969457BM1<br>LEI: N/A | Long             | DBT              | CORP              | US        |    300000 | NS      | $360650.10    | 1.71%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: N/A | Long             | STIV             |  | US        |    170816 | NS      | $170815.48    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-11

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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