# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-26-001638
**Filing Date:** 2026-4
**Character Count:** 23518
**Document Hash:** f13cda432edfcbeea57b80ecedd52f5c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001638.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0002000324-26-001638

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260831

**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:** 26897620

**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

### Select STOXX Europe Aerospace & Defense ETF (Series ID: S000087726)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000253611 | Select STOXX Europe Aerospace & Defense ETF | EUAD            |

## 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 |
| 447 | SELECT STOXX EUROPE AEROSPACE | EADSY | Airbus SE |  |  | 009279100 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 54.17 |  |  |  |  |  | Airbus SE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 1791759.00 | 95460982.88 | 95460982.88 | 97059585.03 | 97059585.03 | 1598602.15 | 1598602.15 | 0.00 | False | 0.00 | N/A | 6.52 | 6.52 | 6.63 | 0.00 |  |  | EADSY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | BAESY | BAE Systems PLC |  |  | 05523R107 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 116.00 |  |  |  |  |  | BAE Systems PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 740097.48 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 526011.00 | 50816851.47 | 50816852.17 | 61017276.00 | 61017276.00 | 10200423.83 | 10200423.83 | 1.21 | False | 0.00 | N/A | 4.10 | 4.10 | 4.17 | 0.00 |  |  | BAESY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | FINMY | Leonardo SpA |  |  | 52660W101 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | ITL | ITALY |  | USD | US DOLLAR | 1/0/1900 |  |  | 33.49 |  |  |  |  |  | Leonardo SpA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 1432956.00 | 41291357.82 | 41308690.07 | 47989696.44 | 47989696.44 | 6681006.37 | 6681006.37 | 0.00 | False | 0.00 | N/A | 3.23 | 3.22 | 3.28 | 0.00 |  | 529900X4EEX1U9LN3U39 | FINMY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | MTUAY | MTU Aero Engines AG |  |  | 62473G102 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/0/1900 |  |  | 214.88 |  |  |  |  |  | MTU Aero Engines AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 317046.00 | 67957460.82 | 67962096.24 | 68126844.48 | 68126844.48 | 164748.24 | 164748.24 | 0.00 | False | 0.00 | N/A | 4.58 | 4.58 | 4.66 | 0.00 |  | 529900807L67JY81RD65 | MTUAY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | QNTQY | QinetiQ Group PLC |  |  | 74732F106 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 27.69 |  |  |  |  |  | QinetiQ Group PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 392433.00 | 10354172.55 | 10354172.55 | 10864507.61 | 10864507.61 | 510335.06 | 510335.06 | 0.00 | False | 0.00 | N/A | 0.73 | 0.73 | 0.74 | 0.00 |  |  | QNTQY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | RNMBY | Rheinmetall AG |  |  | 76206K107 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/0/1900 |  |  | 394.79 |  |  |  |  |  | Rheinmetall AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 161578.00 | 59138265.42 | 59142440.05 | 63789378.62 | 63789378.62 | 4646938.57 | 4646938.57 | 0.00 | False | 0.00 | N/A | 4.29 | 4.28 | 4.36 | 0.00 |  | 5299001OU9CSE29O6S05 | RNMBY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | RYCEY | Rolls-Royce Holdings | PLC |  | 775781206 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 18.62 |  |  |  |  |  | Rolls-Royce Holdings | PLC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 3705777.00 | 61685385.52 | 61701240.24 | 69001567.74 | 69001567.74 | 7300327.50 | 7300327.50 | 0.00 | False | 0.00 | N/A | 4.64 | 4.63 | 4.71 | 0.00 |  | 213800EC7997ZBLZJH69 | RYCEY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | SAABY | Saab AB |  |  | 78516J101 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | SEK | SWEDEN |  | USD | US DOLLAR | 1/0/1900 |  |  | 36.24 |  |  |  |  |  | Saab AB |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 1230728.00 | 33825024.64 | 33827897.87 | 44601582.72 | 44601582.72 | 10773684.85 | 10773684.85 | 0.00 | False | 0.00 | N/A | 3.00 | 3.00 | 3.05 | 0.00 |  |  | SAABY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | SAFRY | Safran SA |  |  | 786584102 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 100.60 |  |  |  |  |  | Safran SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 670231.00 | 61161180.26 | 61161180.26 | 67425238.60 | 67425238.60 | 6264058.34 | 6264058.34 | 0.00 | False | 0.00 | N/A | 4.53 | 4.53 | 4.61 | 0.00 |  | 969500UIC89GT3UL7L24 | SAFRY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | THLLY | Thales SA |  |  | 883219206 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 60.97 |  |  |  |  |  | Thales SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 686832.00 | 38595844.06 | 38616715.57 | 41876147.04 | 41876147.04 | 3259431.47 | 3259431.47 | 0.00 | False | 0.00 | N/A | 2.81 | 2.81 | 2.86 | 0.00 |  | 529900FNDVTQJOVVPZ19 | THLLY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | BCKIY | Babcock Internationa | l Group PLC |  | 056155104 | 1025 | Commercial Services |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 18.58 |  |  |  |  |  | Babcock Internationa | l Group PLC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 1475153.00 | 25538514.46 | 25538515.99 | 27400966.98 | 27400966.98 | 1862450.99 | 1862450.99 | 0.00 | False | 0.00 | N/A | 1.84 | 1.84 | 1.87 | 0.00 |  | 213800TSKOLX4EU6L377 | BCKIY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CMGMY | Chemring Group PLC |  |  | 163867104 | 1076 | Miscellaneous Manufa |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 7.54 |  |  |  |  |  | Chemring Group PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 986987.00 | 6796356.41 | 6802262.80 | 7441881.98 | 7441881.98 | 639619.18 | 639619.18 | 0.00 | False | 0.00 | N/A | 0.50 | 0.50 | 0.51 | 0.00 |  | 213800U9A54VQJ5P2J41 | CMGMY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | HAGHY | Hensoldt AG |  |  | 42701C107 | 1097 | Semiconductor Device |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/0/1900 |  |  | 43.77 |  |  |  |  |  | Hensoldt AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 500179.00 | 24034543.32 | 24041277.81 | 21892834.83 | 21892834.83 | -2148442.98 | -2148442.98 | 0.00 | False | 0.00 | N/A | 1.47 | 1.47 | 1.50 | 0.00 |  | 894500686FYLLZD3M624 | HAGHY<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL3 | CLEARST. BAESY SWAP | LONG LEG 1/11/27 |  | BAESYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/11/2027 |  |  | 116.00 |  |  |  |  |  | CLEARST. BAESY SWAP | LONG LEG 1/11/27 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 697585.00 | 0.00 | 0.00 | 10523511.73 | 10523511.73 | 10523511.73 | 10523511.73 | 0.00 | False | 0.00 | N/A | 0.71 | 0.71 | 0.72 | 0.00 |  |  | CLSWPL3<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL1 | CLEARST. EADSY SWAP | LONG LEG 01/11/2027 |  | EADSYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/11/2027 |  |  | 54.17 |  |  |  |  |  | CLEARST. EADSY SWAP | LONG LEG 01/11/2027 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 1840000.00 | 0.00 | 0.00 | -7866963.70 | -7866963.70 | -7866963.70 | -7866963.70 | 0.00 | False | 0.00 | N/A | -0.53 | -0.53 | -0.54 | 0.00 |  |  | CLSWPL1<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL6 | CLEARST. EUAD SWAP | LONG LEG 1/11/27 |  | EUADSWL01 | 1002 | Defense |  | FUT | Futures |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 1/11/2027 |  |  | 46.63 |  |  |  |  |  | CLEARST. EUAD SWAP | LONG LEG 1/11/27 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 750000.00 | 0.00 | 0.00 | -714356.25 | -714356.25 | -714356.25 | -714356.25 | 0.00 | False | 0.00 | N/A | -0.05 | -0.05 | -0.05 | 0.00 |  |  | CLSWPL6<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL7 | CLEARST. FINMY SWAP | LONG LEG 1/11/27 |  | FINMYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | ITL | ITALY |  | USD | US DOLLAR | 1/11/2027 |  |  | 33.49 |  |  |  |  |  | CLEARST. RYCEY SWAP | LONG LEG 1/11/27 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 325000.00 | 0.00 | 0.00 | -178750.00 | -178750.00 | -178750.00 | -178750.00 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | CLSWPL7<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL2 | CLEARST. RNMBY SWAP | LONG LEG 1/11/27 |  | RNMBYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/11/2027 |  |  | 394.79 |  |  |  |  |  | CLEARST. RNMBY SWAP | LONG LEG 1/11/27 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 216208.00 | 0.00 | 0.00 | 2834494.44 | 2834494.44 | 2834494.44 | 2834494.44 | 0.00 | False | 0.00 | N/A | 0.19 | 0.19 | 0.19 | 0.00 |  |  | CLSWPL2<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL5 | CLEARST. RYCEY SWAP | LONG LEG 1/11/27 |  | RYCEYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/11/2027 |  |  | 18.62 |  |  |  |  |  | CLEARST. RYCEY SWAP | LONG LEG 1/11/27 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 10664058.00 | 0.00 | 0.00 | 36716686.04 | 36716686.04 | 36716686.04 | 36716686.04 | 0.00 | False | 0.00 | N/A | 2.47 | 2.47 | 2.51 | 0.00 |  |  | CLSWPL5<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL8 | CLEARST. SAABY SWAP | LONG LEG 1/11/27 |  | SAABYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | SEK | SWEDEN |  | USD | US DOLLAR | 1/11/2027 |  |  | 36.24 |  |  |  |  |  | CLEARST. RYCEY SWAP | LONG LEG 1/11/27 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 150000.00 | 0.00 | 0.00 | 57000.00 | 57000.00 | 57000.00 | 57000.00 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | CLSWPL8<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL4 | CLEARST. SAFRY SWAP | LONG LEG 1/11/2027 |  | SAFRYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/11/2027 |  |  | 100.60 |  |  |  |  |  | CLEARST. SAFRY SWAP | LONG LEG 1/11/2027 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 1764934.00 | 0.00 | 0.00 | 20295444.02 | 20295444.02 | 20295444.02 | 20295444.02 | 0.00 | False | 0.00 | N/A | 1.36 | 1.36 | 1.39 | 0.00 |  |  | CLSWPL4<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | CLSWPL9 | CLEARST. THLLY SWAP | LONG LEG 1/11/27 |  | THLLYSWL1 | 1002 | Defense |  | FUT | Futures |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/11/2027 |  |  | 60.97 |  |  |  |  |  | CLEARST. RYCEY SWAP | LONG LEG 1/11/27 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 225000.00 | 0.00 | 0.00 | 49500.00 | 49500.00 | 49500.00 | 49500.00 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | CLSWPL9<br> N | MP |
| 447 | SELECT STOXX EUROPE AEROSPACE | AMBXX | UMB MONEY MARKET | SPECIAL II |  | SF8888628 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 2/28/2026 |  |  | 100.00 |  |  |  |  |  | UMB MONEY MARKET | SPECIAL II |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 27752930.27 | L<br> N |  |  | 2/27/2026<br> C |  | 447;USD | USD | 797501892.23 | 797501892.23 | 797501892.23 | 797501892.23 | 797501892.23 | 0.00 | 0.00 | 3.48 | False | 3.47 |  | 53.61 | 53.56 | 54.49 | 0.00 |  |  | AMBXX<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:** Select STOXX Europe Aerospace & Defense ETF

- **b. EDGAR series identifier (if any):** S000087726

- **c. LEI of Series:** 529900KKTR2O8XKSJV77

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $1489028115.31

**Total Liabilities:** $25572750.42

**Net Assets:** $1463455364.89

**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 C000253611 | 4.86%                | 8.30%                | 2.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-16906096.11            | $-285115998.66                             |
| Month 2  | $0.00                    | $46720708.84                               |
| Month 3  | $48129083.45             | $-278167510.12                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BAE Systems PLC      | COMMSTCK | CUSIP: 05523R107<br>LEI: N/A | Long             | EC               | CORP              | GB        |    526011 | NS      | $61017276.00  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock Internationa | COMMSTCK | CUSIP: 056155104<br>LEI: N/A | Long             | EC               | CORP              | GB        |   1475153 | NS      | $27400966.98  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemring Group PLC   | COMMSTCK | CUSIP: 163867104<br>LEI: N/A | Long             | EC               | CORP              | GB        |    986987 | NS      | $7441881.98   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE            | COMMSTCK | CUSIP: 009279100<br>LEI: N/A | Long             | EC               | CORP              | FR        |   1791759 | NS      | $97059585.03  | 6.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA         | COMMSTCK | CUSIP: 52660W101<br>LEI: N/A | Long             | EC               | CORP              | IT        |   1432956 | NS      | $47989696.44  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hensoldt AG          | COMMSTCK | CUSIP: 42701C107<br>LEI: N/A | Long             | EC               | CORP              | DE        |    500179 | NS      | $21892834.83  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG  | COMMSTCK | CUSIP: 62473G102<br>LEI: N/A | Long             | EC               | CORP              | DE        |    317046 | NS      | $68126844.48  | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group PLC    | COMMSTCK | CUSIP: 74732F106<br>LEI: N/A | Long             | EC               | CORP              | GB        |    392433 | NS      | $10864507.61  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG       | COMMSTCK | CUSIP: 76206K107<br>LEI: N/A | Long             | EC               | CORP              | DE        |    161578 | NS      | $63789378.62  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings | COMMSTCK | CUSIP: 775781206<br>LEI: N/A | Long             | EC               | CORP              | GB        |   3705777 | NS      | $69001567.74  | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Saab AB              | COMMSTCK | CUSIP: 78516J101<br>LEI: N/A | Long             | EC               | CORP              | SE        |   1230728 | NS      | $44601582.72  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA            | COMMSTCK | CUSIP: 786584102<br>LEI: N/A | Long             | EC               | CORP              | FR        |    670231 | NS      | $67425238.60  | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA            | COMMSTCK | CUSIP: 883219206<br>LEI: N/A | Long             | EC               | CORP              | FR        |    686832 | NS      | $41876147.04  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARST. EADSY SWAP  | FUT      | CUSIP: EADSYSWL1<br>LEI: N/A | Long             |  |  | FR        |   1840000 | NS      | $-7866963.70  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. RNMBY SWAP  | FUT      | CUSIP: RNMBYSWL1<br>LEI: N/A | Long             |  |  | DE        |    216208 | NS      | $2834494.44   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. BAESY SWAP  | FUT      | CUSIP: BAESYSWL1<br>LEI: N/A | Long             |  |  | GB        |    697585 | NS      | $10523511.73  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. SAFRY SWAP  | FUT      | CUSIP: SAFRYSWL1<br>LEI: N/A | Long             |  |  | FR        |   1764934 | NS      | $20295444.02  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. RYCEY SWAP  | FUT      | CUSIP: RYCEYSWL1<br>LEI: N/A | Long             |  |  | GB        |  10664058 | NS      | $36716686.04  | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. EUAD SWAP   | FUT      | CUSIP: EUADSWL01<br>LEI: N/A | Long             |  |  | US        |    750000 | NS      | $-714356.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. FINMY SWAP  | FUT      | CUSIP: FINMYSWL1<br>LEI: N/A | Long             |  |  | IT        |    325000 | NS      | $-178750.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. SAABY SWAP  | FUT      | CUSIP: SAABYSWL1<br>LEI: N/A | Long             |  |  | SE        |    150000 | NS      | $57000.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEARST. THLLY SWAP  | FUT      | CUSIP: THLLYSWL1<br>LEI: N/A | Long             |  |  | FR        |    225000 | NS      | $49500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMB MONEY MARKET     | MONEYMKT | CUSIP: SF8888628<br>LEI: N/A | Long             | STIV             |  | US        | 797501892 | NS      | $797501892.23 | 54.49%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-17

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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