# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-25-003695
**Filing Date:** 2025-9
**Character Count:** 34037
**Document Hash:** 8fd9515cd34fb9c6344a51f96700637d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003695.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002000324-25-003695

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22398
- **FILM NUMBER:** 251345885

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI | PRICE_ID | PRICINGMETHOD |
| 454 | GENTER CAPITAL INTERNATIONAL | BAESY | BAE Systems PLC |  |  | 05523R107 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 95.62 |  |  |  |  |  | BAE Systems PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 702.09 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 499.00 | 41256.77 | 41256.77 | 47711.89 | 47711.89 | 6455.12 | 6455.12 | 1.47 | False | 0.00 | N/A | 3.11 | 3.10 | 3.10 | 0.00 |  |  | BAESY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BTI | British American Tob | acco PLC |  | 110448107 | 1006 | Agriculture |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 53.68 |  |  |  |  |  | British American Tob | acco PLC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 950.00 | 41774.02 | 41774.02 | 50996.00 | 50996.00 | 9221.98 | 9221.98 | 0.00 | False | 0.00 | N/A | 3.32 | 3.32 | 3.32 | 0.00 |  |  | BTI<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | IMBBY | Imperial Brands PLC |  |  | 45262P102 | 1006 | Agriculture |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 39.08 |  |  |  |  |  | Imperial Brands PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 976.00 | 35268.19 | 35268.19 | 38142.08 | 38142.08 | 2873.89 | 2873.89 | 0.00 | False | 0.00 | N/A | 2.49 | 2.48 | 2.48 | 0.00 |  | 549300DFVPOB67JL3A42 | IMBBY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | HMC | Honda Motor Co Ltd |  |  | 438128308 | 1012 | Auto Manufacturers |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 31.24 |  |  |  |  |  | Honda Motor Co Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1154.64 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1132.00 | 33119.94 | 33119.94 | 35363.68 | 35363.68 | 2243.74 | 2243.74 | 3.27 | False | 0.00 | N/A | 2.30 | 2.30 | 2.30 | 0.00 |  | 549300P7ZYCQJ36CCS16 | HMC<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | MBGYY | MERCEDES-BENZ GROUP | AG |  | 233825207 | 1012 | Auto Manufacturers |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/0/1900 |  |  | 14.22 |  |  |  |  |  | Daimler AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1938.00 | 28373.83 | 28373.83 | 27558.36 | 27558.36 | -815.47 | -815.47 | 0.00 | False | 0.00 | N/A | 1.80 | 1.79 | 1.79 | 0.00 |  |  | MBGYY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BBVA | Banco Bilbao Vizcaya | Argentaria SA |  | 05946K101 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | ESP | SPAIN |  | USD | US DOLLAR | 1/0/1900 |  |  | 16.73 |  |  |  |  |  | Banco Bilbao Vizcaya | Argentaria SA |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1626.11 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 3201.00 | 45637.39 | 45637.39 | 53552.73 | 53552.73 | 7915.34 | 7915.34 | 3.04 | False | 0.00 | N/A | 3.49 | 3.48 | 3.48 | 0.00 |  | K8MS7FD7N5Z2WQ51AZ71 | BBVA<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BCS | Barclays PLC |  |  | 06738E204 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 19.62 |  |  |  |  |  | Barclays PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1431.80 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 3758.00 | 61715.87 | 61715.87 | 73731.96 | 73731.96 | 12016.09 | 12016.09 | 1.94 | False | 0.00 | N/A | 4.80 | 4.80 | 4.80 | 0.00 |  |  | BCS<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BNPQY | BNP Paribas SA |  |  | 05565A202 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 45.60 |  |  |  |  |  | BNP Paribas SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1184.00 | 46369.27 | 46369.27 | 53990.40 | 53990.40 | 7621.13 | 7621.13 | 0.00 | False | 0.00 | N/A | 3.52 | 3.51 | 3.51 | 0.00 |  | R0MUWSFPU8MPRO8K5P83 | BNPQY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | MUFG | Mitsubishi UFJ Finan | cial Group Inc |  | 606822104 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 13.90 |  |  |  |  |  | Mitsubishi UFJ Finan | cial Group Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1232.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 4928.00 | 63740.07 | 63799.59 | 68499.20 | 68499.20 | 4699.61 | 4699.61 | 1.80 | False | 0.00 | N/A | 4.46 | 4.46 | 4.46 | 0.00 |  | 353800V2V8PUY9TK3E06 | MUFG<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | SMFG | Sumitomo Mitsui Fina | ncial Group Inc |  | 86562M209 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 15.14 |  |  |  |  |  | Sumitomo Mitsui Fina | ncial Group Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1509.46 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 4252.00 | 62929.79 | 62929.79 | 64375.28 | 64375.28 | 1445.49 | 1445.49 | 2.34 | False | 0.00 | N/A | 4.19 | 4.19 | 4.19 | 0.00 |  | 35380028MYWPB6AUO129 | SMFG<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | CABGY | Carlsberg AS |  |  | 142795202 | 1016 | Beverages |  | COMMSTCK | COMMON STOCK |  |  |  | DKK | DENMARK |  | USD | US DOLLAR | 1/0/1900 |  |  | 24.96 |  |  |  |  |  | Carlsberg AS |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1890.00 | 53246.45 | 53246.45 | 47174.40 | 47174.40 | -6072.05 | -6072.05 | 0.00 | False | 0.00 | N/A | 3.07 | 3.07 | 3.07 | 0.00 |  | 5299001O0WJQYB5GYZ19 | CABGY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | AKZOY | Akzo Nobel NV |  |  | 010199503 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | NLG | NETHERLANDS |  | USD | US DOLLAR | 1/0/1900 |  |  | 21.00 |  |  |  |  |  | Akzo Nobel NV |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1293.00 | 29457.80 | 29457.80 | 27153.00 | 27153.00 | -2304.80 | -2304.80 | 0.00 | False | 0.00 | N/A | 1.77 | 1.77 | 1.77 | 0.00 |  | 724500XYIJUGXAA5QD70 | AKZOY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | DSFIY | DSM-Firmenich AG |  |  | 23346J103 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | CHF | SWITZERLAND |  | USD | US DOLLAR | 1/0/1900 |  |  | 9.81 |  |  |  |  |  | DSM-Firmenich AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 2162.00 | 23202.50 | 23202.50 | 21209.22 | 21209.22 | -1993.28 | -1993.28 | 0.00 | False | 0.00 | N/A | 1.38 | 1.38 | 1.38 | 0.00 |  | 506700G44V67MPM4BI12 | DSFIY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | NMR | Nomura Holdings Inc |  |  | 65535H208 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 6.65 |  |  |  |  |  | Nomura Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 872.48 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 6232.00 | 39913.69 | 39913.69 | 41442.80 | 41442.80 | 1529.11 | 1529.11 | 2.11 | False | 0.00 | N/A | 2.70 | 2.70 | 2.70 | 0.00 |  | 549300B3CEAHYG7K8164 | NMR<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | IX | ORIX Corp |  |  | 686330101 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 22.55 |  |  |  |  |  | ORIX Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4120.96 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1370.00 | 29625.81 | 29625.81 | 30893.50 | 30893.50 | 1267.69 | 1267.69 | 13.34 | False | 0.00 | N/A | 2.01 | 2.01 | 2.01 | 0.00 |  | 35380016EMHNBOVYE123 | IX<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ENLAY | Enel SpA |  |  | 29265W207 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | ITL | ITALY |  | USD | US DOLLAR | 1/0/1900 |  |  | 8.86 |  |  |  |  |  | Enel SpA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 5972.00 | 50205.28 | 50205.28 | 52911.92 | 52911.92 | 2706.64 | 2706.64 | 0.00 | False | 0.00 | N/A | 3.45 | 3.44 | 3.44 | 0.00 |  | WOCMU6HCI0OJWNPRZS33 | ENLAY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | SBGSY | Schneider Electric S | E |  | 80687P106 | 1035 | Electrical Compo&Equ | ip | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 52.25 |  |  |  |  |  | Schneider Electric S | E |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 368.23 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 536.00 | 27841.66 | 27841.66 | 28006.00 | 28006.00 | 164.34 | 164.34 | 1.31 | False | 0.00 | N/A | 1.82 | 1.82 | 1.82 | 0.00 |  | 969500A1YF1XUYYXS284 | SBGSY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | CKHUY | CK Hutchison Holding | s Ltd |  | 12562Y100 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | HKD | HONG KONG |  | USD | US DOLLAR | 1/0/1900 |  |  | 6.44 |  |  |  |  |  | CK Hutchison Holding | s Ltd |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 4603.00 | 26361.33 | 26361.33 | 29643.32 | 29643.32 | 3281.99 | 3281.99 | 0.00 | False | 0.00 | N/A | 1.93 | 1.93 | 1.93 | 0.00 |  | 254900Z8HM1VEPOQ2G79 | CKHUY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ADRNY | Koninklijke Ahold De | lhaize NV |  | 500467501 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | NLG | NETHERLANDS |  | USD | US DOLLAR | 1/0/1900 |  |  | 39.45 |  |  |  |  |  | Koninklijke Ahold De | lhaize NV |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1210.00 | 46690.12 | 46690.12 | 47734.50 | 47734.50 | 1044.38 | 1044.38 | 0.00 | False | 0.00 | N/A | 3.11 | 3.11 | 3.11 | 0.00 |  | 724500C9GNBV20UYRX36 | ADRNY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | NGG | National Grid PLC |  |  | 636274409 | 1052 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 70.39 |  |  |  |  |  | National Grid PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2026.13 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 573.00 | 37647.91 | 37647.91 | 40333.47 | 40333.47 | 2685.56 | 2685.56 | 5.02 | False | 0.00 | N/A | 2.63 | 2.62 | 2.62 | 0.00 |  |  | NGG<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ALIZY | Allianz SE |  |  | 018820100 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  | USD | US DOLLAR | 1/0/1900 |  |  | 39.52 |  |  |  |  |  | Allianz SE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1288.00 | 47367.37 | 47367.37 | 50901.76 | 50901.76 | 3534.39 | 3534.39 | 0.00 | False | 0.00 | N/A | 3.32 | 3.31 | 3.31 | 0.00 |  | 529900K9B0N5BT694847 | ALIZY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | AXAHY | AXA SA |  |  | 054536107 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 48.69 |  |  |  |  |  | AXA SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1961.49 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1054.00 | 45614.80 | 45614.80 | 51319.26 | 51319.26 | 5704.46 | 5704.46 | 3.82 | False | 0.00 | N/A | 3.34 | 3.34 | 3.34 | 0.00 |  |  | AXAHY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | MFC | Manulife Financial C | orp |  | 56501R106 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  | USD | US DOLLAR | 1/0/1900 |  |  | 30.96 |  |  |  |  |  | Manulife Financial C | orp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1709.66 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1171.00 | 35554.30 | 35554.30 | 36254.16 | 36254.16 | 699.86 | 699.86 | 4.72 | False | 0.00 | N/A | 2.36 | 2.36 | 2.36 | 0.00 |  | 5493007GBX87QOZACS27 | MFC<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | KMTUY | Komatsu Ltd |  |  | 500458401 | 1070 | Machinery-Constr&Min |  | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 32.44 |  |  |  |  |  | Komatsu Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 833.00 | 25230.35 | 25230.35 | 27018.36 | 27018.36 | 1788.01 | 1788.01 | 0.00 | False | 0.00 | N/A | 1.76 | 1.76 | 1.76 | 0.00 |  | 5493004LQ0B4T7QPQV17 | KMTUY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | RIO | Rio Tinto PLC |  |  | 767204100 | 1075 | Mining |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 59.77 |  |  |  |  |  | Rio Tinto PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2094.42 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 521.00 | 31059.46 | 31059.46 | 31140.17 | 31140.17 | 80.71 | 80.71 | 6.73 | False | 0.00 | N/A | 2.03 | 2.03 | 2.03 | 0.00 |  |  | RIO<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | AZN | AstraZeneca PLC |  |  | 046353108 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 73.09 |  |  |  |  |  | AstraZeneca PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 943.95 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 651.00 | 45272.22 | 45272.22 | 47581.59 | 47581.59 | 2309.37 | 2309.37 | 1.98 | False | 0.00 | N/A | 3.10 | 3.10 | 3.10 | 0.00 |  |  | AZN | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | NVS | Novartis AG |  |  | 66987V109 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | CHF | SWITZERLAND |  | USD | US DOLLAR | 1/0/1900 |  |  | 113.74 |  |  |  |  |  | Novartis AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1277.14 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 365.00 | 40716.15 | 40716.15 | 41515.10 | 41515.10 | 798.95 | 798.95 | 3.08 | False | 0.00 | N/A | 2.71 | 2.70 | 2.70 | 0.00 |  |  | NVS<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | SNY | Sanofi |  |  | 80105N105 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 45.64 |  |  |  |  |  | Sanofi |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1236.90 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 651.00 | 32504.48 | 32504.48 | 29711.64 | 29711.64 | -2792.84 | -2792.84 | 4.16 | False | 0.00 | N/A | 1.94 | 1.93 | 1.93 | 0.00 |  |  | SNY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ENB | Enbridge Inc |  |  | 29250N105 | 1089 | Pipelines |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  | USD | US DOLLAR | 1/0/1900 |  |  | 45.29 |  |  |  |  |  | Enbridge Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4249.35 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1197.00 | 53060.25 | 53060.25 | 54212.13 | 54212.13 | 1151.88 | 1151.88 | 7.84 | False | 0.00 | N/A | 3.53 | 3.53 | 3.53 | 0.00 |  |  | ENB<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | PBA | Pembina Pipeline Cor | p |  | 706327103 | 1089 | Pipelines |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  | USD | US DOLLAR | 1/0/1900 |  |  | 37.19 |  |  |  |  |  | Pembina Pipeline Cor | p |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2660.31 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1002.00 | 37140.46 | 37140.46 | 37264.38 | 37264.38 | 123.92 | 123.92 | 7.14 | False | 0.00 | N/A | 2.43 | 2.42 | 2.42 | 0.00 |  |  | PBA<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ORANY | Orange SA |  |  | 684060106 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | FRF | FRANCE |  | USD | US DOLLAR | 1/0/1900 |  |  | 15.24 |  |  |  |  |  | Orange SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2529.37 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 3368.00 | 44547.81 | 44547.81 | 51328.32 | 51328.32 | 6780.51 | 6780.51 | 4.93 | False | 0.00 | N/A | 3.34 | 3.34 | 3.34 | 0.00 |  | 969500MCOONR8990S771 | ORANY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ERIC | Telefonaktiebolaget | LM Ericsson |  | 294821608 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | SEK | SWEDEN |  | USD | US DOLLAR | 1/0/1900 |  |  | 7.22 |  |  |  |  |  | Telefonaktiebolaget | LM Ericsson |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1477.01 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 5838.00 | 48515.96 | 48515.96 | 42150.36 | 42150.36 | -6365.60 | -6365.60 | 3.50 | False | 0.00 | N/A | 2.75 | 2.74 | 2.74 | 0.00 |  |  | ERIC<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | VOD | Vodafone Group PLC |  |  | 92857W308 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 10.81 |  |  |  |  |  | Vodafone Group PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4107.60 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 4200.00 | 41339.89 | 41339.89 | 45402.00 | 45402.00 | 4062.11 | 4062.11 | 9.05 | False | 0.00 | N/A | 2.96 | 2.95 | 2.95 | 0.00 |  |  | VOD<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | BP | BP PLC |  |  | 055622104 | A60A | Oil&Gas |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 32.15 |  |  |  |  |  | BP PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1864.25 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 1119.00 | 35135.23 | 35135.23 | 35975.85 | 35975.85 | 840.62 | 840.62 | 5.18 | False | 0.00 | N/A | 2.34 | 2.34 | 2.34 | 0.00 |  |  | BP<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | ABBNY | ABB Limited |  |  | 000375204 | C50C | Industrial Component |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 1/0/1900 |  |  | 65.49 |  |  |  |  |  | ABB Limited |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 825.26 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 898.00 | 51304.61 | 51304.61 | 58805.53 | 58805.53 | 7500.92 | 7500.92 | 1.40 | False | 0.00 | N/A | 3.83 | 3.83 | 3.83 | 0.00 |  |  | ABBNY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | FGTXX | Goldman Sachs Financ | ial Square Funds - G |  | 38141W273 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES<br> IL | ILLINOIS | USD | US DOLLAR | 8/1/2025 |  |  | 100.00 |  |  |  |  |  | Goldman Sachs Financ | ial Square Funds - G |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 575.92 | L<br> N |  |  | 7/31/2025<br> C |  | 454;USD | USD | 13696.42 | 13696.42 | 13696.42 | 13696.42 | 13696.42 | 0.00 | 0.00 | 4.20 | False | 4.19 |  | 0.89 | 0.89 | 0.89 | 0.00 |  |  | FGTXX<br> N | AC |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** ROCKY MOUNT

  - **State:** NC

  - **Foreign country:** US

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

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $1537187.51

**Total Liabilities:** $405.01

**Net Assets:** $1536782.50

**Currency Risk Metrics (dv01):**

- 

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

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

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256068 | 4.49%                | 2.11%                | -0.49%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $24369.02                                  |
| Month 2  | $6938.96                 | $5759.55                                   |
| Month 3  | $215.68                  | $-5864.91                                  |

### Schedule of Portfolio Investments

| Name                 | Title    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABB Limited          | COMMSTCK | CUSIP: 000375204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       898 | NS      | $58805.53     | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold De | COMMSTCK | CUSIP: 500467501<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      1210 | NS      | $47734.50     | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV        | COMMSTCK | CUSIP: 010199503<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      1293 | NS      | $27153.00     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE           | COMMSTCK | CUSIP: 018820100<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      1288 | NS      | $50901.76     | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA               | COMMSTCK | CUSIP: 054536107<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      1054 | NS      | $51319.26     | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC      | COMMSTCK | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       651 | NS      | $47581.59     | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC      | COMMSTCK | CUSIP: 05523R107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       499 | NS      | $47711.89     | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya | COMMSTCK | CUSIP: 05946K101<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |      3201 | NS      | $53552.73     | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC         | COMMSTCK | CUSIP: 06738E204<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      3758 | NS      | $73731.96     | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA       | COMMSTCK | CUSIP: 05565A202<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      1184 | NS      | $53990.40     | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC               | COMMSTCK | CUSIP: 055622104<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1119 | NS      | $35975.85     | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tob | COMMSTCK | CUSIP: 110448107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       950 | NS      | $50996.00     | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS         | COMMSTCK | CUSIP: 142795202<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      1890 | NS      | $47174.40     | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holding | COMMSTCK | CUSIP: 12562Y100<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |      4603 | NS      | $29643.32     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM-Firmenich AG     | COMMSTCK | CUSIP: 23346J103<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      2162 | NS      | $21209.22     | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc         | COMMSTCK | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      1197 | NS      | $54212.13     | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA             | COMMSTCK | CUSIP: 29265W207<br>LEI: N/A                  | Long             | EC               | CORP              | IT        |      5972 | NS      | $52911.92     | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget  | COMMSTCK | CUSIP: 294821608<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |      5838 | NS      | $42150.36     | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co Ltd   | COMMSTCK | CUSIP: 438128308<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1132 | NS      | $35363.68     | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC  | COMMSTCK | CUSIP: 45262P102<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       976 | NS      | $38142.08     | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp            | COMMSTCK | CUSIP: 686330101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1370 | NS      | $30893.50     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd          | COMMSTCK | CUSIP: 500458401<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       833 | NS      | $27018.36     | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ GROUP  | COMMSTCK | CUSIP: 233825207<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      1938 | NS      | $27558.36     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial C | COMMSTCK | CUSIP: 56501R106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      1171 | NS      | $36254.16     | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Finan | COMMSTCK | CUSIP: 606822104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4928 | NS      | $68499.20     | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC    | COMMSTCK | CUSIP: 636274409<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       573 | NS      | $40333.47     | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc  | COMMSTCK | CUSIP: 65535H208<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6232 | NS      | $41442.80     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG          | COMMSTCK | CUSIP: 66987V109<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |       365 | NS      | $41515.10     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA            | COMMSTCK | CUSIP: 684060106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      3368 | NS      | $51328.32     | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Cor | COMMSTCK | CUSIP: 706327103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      1002 | NS      | $37264.38     | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC        | COMMSTCK | CUSIP: 767204100<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       521 | NS      | $31140.17     | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric S | COMMSTCK | CUSIP: 80687P106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       536 | NS      | $28006.00     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Fina | COMMSTCK | CUSIP: 86562M209<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4252 | NS      | $64375.28     | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi               | COMMSTCK | CUSIP: 80105N105<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       651 | NS      | $29711.64     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC   | COMMSTCK | CUSIP: 92857W308<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      4200 | NS      | $45402.00     | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             |  | US        |     13696 | NS      | $13696.42     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-18

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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