# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-25-004745
**Filing Date:** 2025-12
**Character Count:** 36720
**Document Hash:** 2079fc7084dd11307d7c6afeca393dda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004745.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0002000324-25-004745

**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**: 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:** 251593230

**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 Dividend Income ETF (Series ID: S000089486)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000256067 | Genter Capital Dividend Income ETF | GEND            |

## Nport-Ex

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 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 | LONGSHORT | 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 |
| 446 | GENTER CAPITAL DIVIDEND | LMT | Lockheed Martin Corp |  |  | 539830109 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 491.88 |  |  |  |  |  | Lockheed Martin Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1615.95 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 133.00 | 62741.56 | 62741.56 | 65420.04 | 65420.04 | 2678.48 | 2678.48 | 2.47 | False | 0.00 | N/A | 2.36 | 2.33 | 2.34 | 0.00 |  |  | LMT<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MO | Altria Group Inc |  |  | 02209S103 | 1006 | Agriculture |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 56.38 |  |  |  |  |  | Altria Group Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7134.72 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 1858.00 | 112173.20 | 112173.20 | 104754.04 | 104754.04 | -7419.16 | -7419.16 | 6.81 | False | 0.00 | N/A | 3.77 | 3.73 | 3.75 | 0.00 |  |  | MO<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | COF | Capital One Financia | l Corp |  | 14040H105 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 219.99 |  |  |  |  |  | Capital One Financia | l Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1024.80 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 427.00 | 92383.46 | 92383.46 | 93935.73 | 93935.73 | 1552.27 | 1552.27 | 1.09 | False | 0.00 | N/A | 3.38 | 3.35 | 3.36 | 0.00 |  |  | COF<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | JPM | JPMorgan Chase & Co |  |  | 46625H100 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 311.12 |  |  |  |  |  | JPMorgan Chase & Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1591.65 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 393.00 | 114155.75 | 114155.75 | 122270.16 | 122270.16 | 8114.41 | 8114.41 | 1.30 | False | 0.00 | N/A | 4.40 | 4.36 | 4.38 | 0.00 |  |  | JPM<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MTB | M&T Bank Corp |  |  | 55261F104 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 183.87 |  |  |  |  |  | M&T Bank Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2901.60 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 558.00 | 110021.86 | 110021.86 | 102599.46 | 102599.46 | -7422.40 | -7422.40 | 2.83 | False | 0.00 | N/A | 3.69 | 3.66 | 3.67 | 0.00 |  |  | MTB<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | NTRS | Northern Trust Corp |  |  | 665859104 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 128.67 |  |  |  |  |  | Northern Trust Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2712.00 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 904.00 | 114386.58 | 114386.58 | 116317.68 | 116317.68 | 1931.10 | 1931.10 | 2.33 | False | 0.00 | N/A | 4.19 | 4.15 | 4.17 | 0.00 |  |  | NTRS<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | PEP | PepsiCo Inc |  |  | 713448108 | 1016 | Beverages |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 146.09 |  |  |  |  |  | PepsiCo Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2601.07 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 526.00 | 77189.17 | 77189.17 | 76843.34 | 76843.34 | -345.83 | -345.83 | 3.38 | False | 0.00 | N/A | 2.77 | 2.74 | 2.75 | 0.00 |  |  | PEP<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | GILD | Gilead Sciences Inc |  |  | 375558103 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 119.79 |  |  |  |  |  | Gilead Sciences Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2199.00 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 733.00 | 80550.82 | 80550.82 | 87806.07 | 87806.07 | 7255.25 | 7255.25 | 2.50 | False | 0.00 | N/A | 3.16 | 3.13 | 3.14 | 0.00 |  |  | GILD<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | APD | Air Products & Chemi | cals Inc |  | 009158106 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 242.59 |  |  |  |  |  | Air Products & Chemi | cals Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2240.00 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 320.00 | 94779.11 | 94779.11 | 77628.80 | 77628.80 | -17150.31 | -17150.31 | 2.89 | False | 0.00 | N/A | 2.79 | 2.77 | 2.78 | 0.00 |  |  | APD<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | KVUE | Kenvue Inc |  |  | 49177J102 | 1028 | Cosmetics/Personal | Care | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 14.37 |  |  |  |  |  | Kenvue Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1133.20 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 2833.00 | 61229.52 | 61229.52 | 40710.21 | 40710.21 | -20519.31 | -20519.31 | 2.78 | False | 0.00 | N/A | 1.47 | 1.45 | 1.46 | 0.00 |  |  | KVUE<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | LKQ | LKQ Corp |  |  | 501889208 | 1032 | Distribution/Wholesa | le | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 31.96 |  |  |  |  |  | LKQ Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1157.63 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 1029.00 | 38393.45 | 38393.45 | 32886.84 | 32886.84 | -5506.61 | -5506.61 | 3.52 | False | 0.00 | N/A | 1.18 | 1.17 | 1.18 | 0.00 |  |  | LKQ<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | BLK | BlackRock Inc |  |  | 09290D101 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 1082.81 |  |  |  |  |  | BlackRock Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1820.00 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 91.00 | 99947.31 | 99947.31 | 98535.71 | 98535.71 | -1411.60 | -1411.60 | 1.85 | False | 0.00 | N/A | 3.55 | 3.51 | 3.53 | 0.00 |  |  | BLK<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | EVRG | Evergy Inc |  |  | 30034W106 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 1/0/1900 |  |  | 76.81 |  |  |  |  |  | Evergy Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2933.84 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 1183.00 | 81341.78 | 81341.78 | 90866.23 | 90866.23 | 9524.45 | 9524.45 | 3.23 | False | 0.00 | N/A | 3.27 | 3.24 | 3.25 | 0.00 |  |  | EVRG<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | SRE | Sempra Energy |  |  | 816851109 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 91.94 |  |  |  |  |  | Sempra Energy |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2206.26 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 927.00 | 73202.57 | 73202.57 | 85228.38 | 85228.38 | 12025.81 | 12025.81 | 2.59 | False | 0.00 | N/A | 3.07 | 3.04 | 3.05 | 0.00 |  |  | SRE<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | EMR | Emerson Electric Co |  |  | 291011104 | 1035 | Electrical Compo&Equ | ip | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 1/0/1900 |  |  | 139.57 |  |  |  |  |  | Emerson Electric Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1476.18 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 708.00 | 98496.90 | 98496.90 | 98815.56 | 98815.56 | 318.66 | 318.66 | 1.49 | False | 0.00 | N/A | 3.56 | 3.52 | 3.54 | 0.00 |  |  | EMR<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | GLW | Corning Inc |  |  | 219350105 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 89.08 |  |  |  |  |  | Corning Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1025.92 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 916.00 | 49246.84 | 49246.84 | 81597.28 | 81597.28 | 32350.44 | 32350.44 | 1.26 | False | 0.00 | N/A | 2.94 | 2.91 | 2.92 | 0.00 |  |  | GLW<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MDT | Medtronic PLC |  |  | G5960L103 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 90.70 |  |  |  |  |  | Medtronic PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1740.75 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 633.00 | 56858.59 | 56858.59 | 57413.10 | 57413.10 | 554.51 | 554.51 | 3.03 | False | 0.00 | N/A | 2.07 | 2.05 | 2.06 | 0.00 |  |  | MDT<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CMCSA | Comcast Corp |  |  | 20030N101 | 1073 | MEDIA |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 27.84 |  |  |  |  |  | Comcast Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2881.44 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 2484.00 | 86332.14 | 86332.14 | 69142.14 | 69142.14 | -17190.00 | -17190.00 | 4.17 | False | 0.00 | N/A | 2.49 | 2.47 | 2.48 | 0.00 |  |  | CMCSA<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CTRA | Coterra Energy Inc |  |  | 127097103 | 1083 | Exploration and Prod | uction | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 23.66 |  |  |  |  |  | Coterra Energy Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3883.23 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 3319.00 | 79391.10 | 79391.10 | 78527.54 | 78527.54 | -863.56 | -863.56 | 4.95 | False | 0.00 | N/A | 2.83 | 2.80 | 2.81 | 0.00 |  |  | CTRA<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | PSX | Phillips 66 |  |  | 718546104 | 1083 | Exploration and Prod | uction | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 136.14 |  |  |  |  |  | Phillips 66 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2238.60 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 533.00 | 66918.31 | 66918.31 | 72562.62 | 72562.62 | 5644.31 | 5644.31 | 3.09 | False | 0.00 | N/A | 2.61 | 2.59 | 2.60 | 0.00 |  |  | PSX<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | ABBV | AbbVie Inc |  |  | 00287Y109 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 218.04 |  |  |  |  |  | AbbVie Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2119.36 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 358.00 | 69806.98 | 69806.98 | 78058.32 | 78058.32 | 8251.34 | 8251.34 | 2.72 | False | 0.00 | N/A | 2.81 | 2.78 | 2.80 | 0.00 |  |  | ABBV<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | JNJ | Johnson & Johnson |  |  | 478160104 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 188.87 |  |  |  |  |  | Johnson & Johnson |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2035.10 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 433.00 | 71693.95 | 71693.95 | 81780.71 | 81780.71 | 10086.76 | 10086.76 | 2.49 | False | 0.00 | N/A | 2.94 | 2.92 | 2.93 | 0.00 |  |  | JNJ<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | ENB | Enbridge Inc |  |  | 29250N105 | 1089 | Pipelines |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 46.62 |  |  |  |  |  | Enbridge Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8814.65 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 2483.00 | 113404.62 | 113404.62 | 115757.46 | 115757.46 | 2352.84 | 2352.84 | 7.61 | False | 0.00 | N/A | 4.17 | 4.13 | 4.15 | 0.00 |  |  | ENB<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | HD | Home Depot Inc/The |  |  | 437076102 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 379.59 |  |  |  |  |  | Home Depot Inc/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1304.16 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 156.00 | 59558.06 | 59558.06 | 59216.04 | 59216.04 | -342.02 | -342.02 | 2.20 | False | 0.00 | N/A | 2.13 | 2.11 | 2.12 | 0.00 |  |  | HD<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MCHP | Microchip Technology | Inc |  | 595017104 | 1097 | Semiconductor Device |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 1/0/1900 |  |  | 62.42 |  |  |  |  |  | Microchip Technology | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1804.65 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 1135.00 | 76950.05 | 76950.05 | 70846.70 | 70846.70 | -6103.35 | -6103.35 | 2.55 | False | 0.00 | N/A | 2.55 | 2.53 | 2.54 | 0.00 |  |  | MCHP<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | T | AT&T Inc |  |  | 00206R102 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 24.75 |  |  |  |  |  | AT&T Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4060.38 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 3658.00 | 100359.02 | 100359.02 | 90535.50 | 90535.50 | -9823.52 | -9823.52 | 4.48 | False | 0.00 | N/A | 3.26 | 3.23 | 3.24 | 0.00 |  |  | T<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CSCO | Cisco Systems Inc |  |  | 17275R102 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 73.11 |  |  |  |  |  | Cisco Systems Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2608.65 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 1683.00 | 113848.86 | 113848.86 | 123044.13 | 123044.13 | 9195.27 | 9195.27 | 2.12 | False | 0.00 | N/A | 4.43 | 4.39 | 4.41 | 0.00 |  |  | CSCO<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | UPS | United Parcel Servic | e Inc |  | 911312106 | 1107 | Transportation |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 96.42 |  |  |  |  |  | United Parcel Servic | e Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5190.48 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 801.00 | 82270.15 | 82270.15 | 77232.42 | 77232.42 | -5037.73 | -5037.73 | 6.72 | False | 0.00 | N/A | 2.78 | 2.75 | 2.77 | 0.00 |  |  | UPS<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CVX | Chevron Corp |  |  | 166764100 | A50A | Gas Production & | Distribtuion | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 157.72 |  |  |  |  |  | Chevron Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3823.32 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 633.00 | 97657.67 | 97657.67 | 99836.76 | 99836.76 | 2179.09 | 2179.09 | 3.83 | False | 0.00 | N/A | 3.59 | 3.56 | 3.58 | 0.00 |  |  | CVX<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CRH | CRH PLC |  |  | G25508105 | B902 | Cement |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 119.10 |  |  |  |  |  | CRH PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2518.56 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 583.00 | 57585.94 | 57585.94 | 69435.30 | 69435.30 | 11849.36 | 11849.36 | 3.63 | False | 0.00 | N/A | 2.50 | 2.48 | 2.49 | 0.00 |  | 549300MIDJNNTH068E74 | CRH<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | BMY | Bristol-Myers Squibb | Co |  | 110122108 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 46.07 |  |  |  |  |  | Bristol-Myers Squibb | Co |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2626.56 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 1152.00 | 57566.95 | 57566.95 | 53072.64 | 53072.64 | -4494.31 | -4494.31 | 4.95 | False | 0.00 | N/A | 1.91 | 1.89 | 1.90 | 0.00 |  |  | BMY<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CVS | CVS Health Corp |  |  | 126650100 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | RI | RHODE ISLAND | USD | US DOLLAR | 1/0/1900 |  |  | 78.15 |  |  |  |  |  | CVS Health Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3407.36 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 1408.00 | 91861.28 | 91861.28 | 110035.20 | 110035.20 | 18173.92 | 18173.92 | 3.10 | False | 0.00 | N/A | 3.96 | 3.92 | 3.94 | 0.00 |  |  | CVS<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MRK | Merck & Co Inc |  |  | 58933Y105 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 85.98 |  |  |  |  |  | Merck & Co Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2524.88 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 853.00 | 73778.11 | 73778.11 | 73340.94 | 73340.94 | -437.17 | -437.17 | 3.44 | False | 0.00 | N/A | 2.64 | 2.61 | 2.63 | 0.00 |  |  | MRK<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | 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 | 1327.55 |  | L<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | 33067.98 | 33067.98 | 33067.98 | 33067.98 | 33067.98 | 0.00 | 0.00 | 4.01 | False | 4.00 |  | 1.19 | 1.18 | 1.18 | 0.00 |  |  | FGTXX<br> N | AC |
| 446 | GENTER CAPITAL DIVIDEND | 02107332 | CSCO 251219C0007250 |  | CSCO 251219C00072500 | CSCO251219C72.5 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 12/20/2025 |  |  | 3.58 |  |  |  |  |  | CSCO 251219C0007250 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | -8.00 | -1647.85 | -1647.85 | -2860.00 | -2860.00 | -1212.15 | -1212.15 | 0.00 | False | 0.00 | N/A | -0.10 | -0.10 | -0.10 | 0.00 |  |  | 02107332<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | 021F40C2 | CVS 251219C0008500 |  | CVS 251219C00085000 | CVS251219C85.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 12/20/2025 |  |  | 1.25 |  |  |  |  |  | CVS 251219C0008500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | -7.00 | -2043.87 | -2043.87 | -871.50 | -871.50 | 1172.37 | 1172.37 | 0.00 | False | 0.00 | N/A | -0.03 | -0.03 | -0.03 | 0.00 |  |  | 021F40C2<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | 0200A982 | GILD 251219C0012500 |  | GILD 251219C00125000 | GILD251219C125. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 12/20/2025 |  |  | 3.03 |  |  |  |  |  | GILD 251219C0012500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | -5.00 | -1884.91 | -1884.91 | -1512.50 | -1512.50 | 372.41 | 372.41 | 0.00 | False | 0.00 | N/A | -0.05 | -0.05 | -0.05 | 0.00 |  |  | 0200A982<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | 021BB4C2 | GLW 251219C0009000 |  | GLW 251219C00090000 | GLW251219C90.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 12/20/2025 |  |  | 5.15 |  |  |  |  |  | GLW 251219C0009000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | -6.00 | -3197.89 | -3197.89 | -3090.00 | -3090.00 | 107.89 | 107.89 | 0.00 | False | 0.00 | N/A | -0.11 | -0.11 | -0.11 | 0.00 |  |  | 021BB4C2<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | 022Z3ZC2 | JPM 251219C0030500 |  | JPM 251219C00305000 | JPM251219C305.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 12/20/2025 |  |  | 15.63 |  |  |  |  |  | JPM 251219C0030500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 10/31/2025<br> C |  | 446;USD | USD | -2.00 | -2533.96 | -2533.96 | -3125.00 | -3125.00 | -591.04 | -591.04 | 0.00 | False | 0.00 | N/A | -0.11 | -0.11 | -0.11 | 0.00 |  |  | 022Z3ZC2<br> N | MP |

---

## 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 Dividend Income ETF

- **b. EDGAR series identifier (if any):** S000089486

- **c. LEI of Series:** 5299009A42QC7Y27YI50

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

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

- **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:** $2804817.13

**Total Liabilities:** $12216.68

**Net Assets:** $2792600.45

**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 C000256067 | 4.75%                | 0.73%                | -1.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $117967.48                                 |
| Month 2  | $75212.28                | $-62116.90                                 |
| Month 3  | $0.00                    | $-44586.37                                 |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc           | COMMSTCK | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       358 | NS      | $78058.32     | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemi | COMMSTCK | CUSIP: 009158106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       320 | NS      | $77628.80     | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc        | COMMSTCK | CUSIP: 09290D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        91 | NS      | $98535.71     | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb | COMMSTCK | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      1152 | NS      | $53072.64     | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp         | COMMSTCK | CUSIP: 20030N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2484 | NS      | $69142.14     | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financia | COMMSTCK | CUSIP: 14040H105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       427 | NS      | $93935.73     | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC              | COMMSTCK | CUSIP: G25508105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       583 | NS      | $69435.30     | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc    | COMMSTCK | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |      1683 | NS      | $123044.13    | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc   | COMMSTCK | CUSIP: 127097103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3319 | NS      | $78527.54     | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp      | COMMSTCK | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1408 | NS      | $110035.20    | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp         | COMMSTCK | CUSIP: 166764100<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | EC               | CORP              | US        |       633 | NS      | $99836.76     | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co  | COMMSTCK | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       708 | NS      | $98815.56     | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc         | COMMSTCK | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      2483 | NS      | $115757.46    | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc           | COMMSTCK | CUSIP: 30034W106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1183 | NS      | $90866.23     | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc  | COMMSTCK | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       733 | NS      | $87806.07     | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc          | COMMSTCK | CUSIP: 219350105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       916 | NS      | $81597.28     | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The   | COMMSTCK | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       156 | NS      | $59216.04     | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson    | COMMSTCK | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       433 | NS      | $81780.71     | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co  | COMMSTCK | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       393 | NS      | $122270.16    | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc           | COMMSTCK | CUSIP: 49177J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2833 | NS      | $40710.21     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp             | COMMSTCK | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      1029 | NS      | $32886.84     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp | COMMSTCK | CUSIP: 539830109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       133 | NS      | $65420.04     | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology | COMMSTCK | CUSIP: 595017104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1135 | NS      | $70846.70     | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC        | COMMSTCK | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |       633 | NS      | $57413.10     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc     | COMMSTCK | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      1858 | NS      | $104754.04    | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc       | COMMSTCK | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       853 | NS      | $73340.94     | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp        | COMMSTCK | CUSIP: 55261F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       558 | NS      | $102599.46    | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp  | COMMSTCK | CUSIP: 665859104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       904 | NS      | $116317.68    | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc          | COMMSTCK | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       526 | NS      | $76843.34     | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66          | COMMSTCK | CUSIP: 718546104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       533 | NS      | $72562.62     | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy        | COMMSTCK | CUSIP: 816851109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       927 | NS      | $85228.38     | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc             | COMMSTCK | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      3658 | NS      | $90535.50     | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Servic | COMMSTCK | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       801 | NS      | $77232.42     | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             |  | US        |     33068 | NS      | $33067.98     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc  | OPTION   | CUSIP: 375558103<br>LEI: N/A                  | Short            | DE               |  | US        |        -5 | NC      | $-1512.50     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems Inc    | OPTION   | CUSIP: 17275R102<br>LEI: N/A                  | Short            | DE               |  | US        |        -8 | NC      | $-2860.00     | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Corning Inc          | OPTION   | CUSIP: 219350105<br>LEI: N/A                  | Short            | DE               |  | US        |        -6 | NC      | $-3090.00     | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CVS Health Corp      | OPTION   | CUSIP: 126650100<br>LEI: N/A                  | Short            | DE               |  | US        |        -7 | NC      | $-871.50      | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co  | OPTION   | CUSIP: 46625H100<br>LEI: N/A                  | Short            | DE               |  | US        |        -2 | NC      | $-3125.00     | -0.11%            |  |  |  | No            |                  2 | 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