# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-26-002792
**Filing Date:** 2026-6
**Character Count:** 34233
**Document Hash:** 69c66f3e5091b73d8b8a601148ccfcb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002792.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0002000324-26-002792

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**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:** 261124328

**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 |  |  | 111.66 |  |  |  |  |  | BAE Systems PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1771.41 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 1259.00 | 120652.83 | 120652.83 | 140579.94 | 140579.94 | 19927.11 | 19927.11 | 1.26 | False | 0.00 | N/A | 2.91 | 2.90 | 2.90 | 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 |  |  | 58.80 |  |  |  |  |  | British American Tob | acco PLC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2265.00 | 117665.28 | 117665.28 | 133182.00 | 133182.00 | 15516.72 | 15516.72 | 0.00 | False | 0.00 | N/A | 2.76 | 2.75 | 2.75 | 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 |  |  | 38.07 |  |  |  |  |  | Imperial Brands PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2476.00 | 98603.44 | 98603.44 | 94261.32 | 94261.32 | -4342.12 | -4342.12 | 0.00 | False | 0.00 | N/A | 1.95 | 1.95 | 1.95 | 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 |  |  | 24.34 |  |  |  |  |  | Honda Motor Co Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2929.44 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2872.00 | 85364.31 | 85364.31 | 69904.48 | 69904.48 | -15459.83 | -15459.83 | 4.19 | False | 0.00 | N/A | 1.45 | 1.44 | 1.44 | 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 |  |  | 14.51 |  |  |  |  |  | Daimler AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 4918.00 | 77595.24 | 77595.24 | 71360.18 | 71360.18 | -6235.06 | -6235.06 | 0.00 | False | 0.00 | N/A | 1.48 | 1.47 | 1.47 | 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 |  |  | 22.12 |  |  |  |  |  | Banco Bilbao Vizcaya | Argentaria SA |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4125.47 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 8121.00 | 152224.27 | 152224.27 | 179636.52 | 179636.52 | 27412.25 | 27412.25 | 2.30 | False | 0.00 | N/A | 3.72 | 3.71 | 3.71 | 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 |  |  | 23.41 |  |  |  |  |  | Barclays PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3526.92 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 9257.00 | 186451.35 | 186451.35 | 216706.37 | 216706.37 | 30255.02 | 30255.02 | 1.63 | False | 0.00 | N/A | 4.49 | 4.47 | 4.48 | 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 |  |  | 52.49 |  |  |  |  |  | BNP Paribas SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 3004.00 | 131325.05 | 131325.05 | 157679.96 | 157679.96 | 26354.91 | 26354.91 | 0.00 | False | 0.00 | N/A | 3.26 | 3.26 | 3.26 | 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 |  |  | 17.95 |  |  |  |  |  | Mitsubishi UFJ Finan | cial Group Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3127.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 12508.00 | 188268.10 | 188327.62 | 224518.60 | 224518.60 | 36190.98 | 36190.98 | 1.39 | False | 0.00 | N/A | 4.65 | 4.64 | 4.64 | 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 |  |  | 21.23 |  |  |  |  |  | Sumitomo Mitsui Fina | ncial Group Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3831.16 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 10792.00 | 185247.41 | 185247.41 | 229114.16 | 229114.16 | 43866.75 | 43866.75 | 1.67 | False | 0.00 | N/A | 4.74 | 4.73 | 4.73 | 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 |  |  | 26.99 |  |  |  |  |  | Carlsberg AS |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 4790.00 | 130682.54 | 130682.54 | 129282.10 | 129282.10 | -1400.44 | -1400.44 | 0.00 | False | 0.00 | N/A | 2.68 | 2.67 | 2.67 | 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 |  |  | 19.55 |  |  |  |  |  | Akzo Nobel NV |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 3273.00 | 73410.83 | 73410.83 | 63987.15 | 63987.15 | -9423.68 | -9423.68 | 0.00 | False | 0.00 | N/A | 1.32 | 1.32 | 1.32 | 0.00 |  | 724500XYIJUGXAA5QD70 | AKZOY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | DSFIY | DSM-Firmenich AG |  |  | 23346J103 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | CHF | SWITZERLAND |  | USD | US DOLLAR | 1/0/1900 |  |  | 7.53 |  |  |  |  |  | DSM-Firmenich AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 7268.00 | 63730.62 | 63730.62 | 54728.04 | 54728.04 | -9002.58 | -9002.58 | 0.00 | False | 0.00 | N/A | 1.13 | 1.13 | 1.13 | 0.00 |  | 506700G44V67MPM4BI12 | DSFIY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | NMR | Nomura Holdings Inc |  |  | 65535H208 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | JPY | JAPAN |  | USD | US DOLLAR | 1/0/1900 |  |  | 8.06 |  |  |  |  |  | Nomura Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1886.22 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 13473.00 | 97041.63 | 97041.63 | 108592.38 | 108592.38 | 11550.75 | 11550.75 | 1.74 | False | 0.00 | N/A | 2.25 | 2.24 | 2.24 | 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 |  |  | 33.61 |  |  |  |  |  | ORIX Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10437.76 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 3470.00 | 89894.76 | 89894.76 | 116626.70 | 116626.70 | 26731.94 | 26731.94 | 8.95 | False | 0.00 | N/A | 2.41 | 2.41 | 2.41 | 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 |  |  | 11.62 |  |  |  |  |  | Enel SpA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 13774.00 | 133605.89 | 133605.89 | 160026.33 | 160026.33 | 26420.44 | 26420.44 | 0.00 | False | 0.00 | N/A | 3.31 | 3.30 | 3.31 | 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 |  |  | 63.07 |  |  |  |  |  | Schneider Electric S | E |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 931.57 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 1356.00 | 75067.92 | 75067.92 | 85522.92 | 85522.92 | 10455.00 | 10455.00 | 1.09 | False | 0.00 | N/A | 1.77 | 1.77 | 1.77 | 0.00 |  | 969500A1YF1XUYYXS284 | SBGSY<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | CKHUY | CK Hutchison Holding | s Ltd |  | 12562Y100 | 1047 | Food & Drug Stores |  | COMMSTCK | COMMON STOCK |  |  |  | HKD | HONG KONG |  | USD | US DOLLAR | 1/0/1900 |  |  | 8.35 |  |  |  |  |  | CK Hutchison Holding | s Ltd |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 11683.00 | 78406.41 | 78503.07 | 97494.64 | 97494.64 | 18991.57 | 18991.57 | 0.00 | False | 0.00 | N/A | 2.02 | 2.01 | 2.01 | 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 |  |  | 47.21 |  |  |  |  |  | Koninklijke Ahold De | lhaize NV |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 3070.00 | 127447.41 | 127447.41 | 144934.70 | 144934.70 | 17487.29 | 17487.29 | 0.00 | False | 0.00 | N/A | 3.00 | 2.99 | 2.99 | 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 |  |  | 89.54 |  |  |  |  |  | National Grid PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5137.81 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 1453.00 | 109724.75 | 109724.75 | 130101.62 | 130101.62 | 20376.87 | 20376.87 | 3.95 | False | 0.00 | N/A | 2.69 | 2.69 | 2.69 | 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 |  |  | 45.51 |  |  |  |  |  | Allianz SE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 3268.00 | 131842.09 | 131842.09 | 148726.68 | 148726.68 | 16884.59 | 16884.59 | 0.00 | False | 0.00 | N/A | 3.08 | 3.07 | 3.07 | 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 |  |  | 48.04 |  |  |  |  |  | AXA SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4976.31 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2674.00 | 119953.36 | 119953.36 | 128458.96 | 128458.96 | 8505.60 | 8505.60 | 3.87 | False | 0.00 | N/A | 2.66 | 2.65 | 2.65 | 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 |  |  | 39.29 |  |  |  |  |  | Manulife Financial C | orp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4337.66 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2971.00 | 97574.20 | 97574.20 | 116730.59 | 116730.59 | 19156.39 | 19156.39 | 3.72 | False | 0.00 | N/A | 2.42 | 2.41 | 2.41 | 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 |  |  | 42.90 |  |  |  |  |  | Komatsu Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2113.00 | 73831.95 | 73831.95 | 90647.70 | 90647.70 | 16815.75 | 16815.75 | 0.00 | False | 0.00 | N/A | 1.88 | 1.87 | 1.87 | 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 |  |  | 100.48 |  |  |  |  |  | Rio Tinto PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5310.42 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 1321.00 | 95765.06 | 95765.06 | 132734.08 | 132734.08 | 36969.02 | 36969.02 | 4.00 | False | 0.00 | N/A | 2.75 | 2.74 | 2.74 | 0.00 |  |  | RIO<br> N | MP |
| 454 | GENTER CAPITAL INTERNATIONAL | AZN | AstraZeneca PLC |  |  | G0593M107 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | UKS | UNITED KINGDOM |  | USD | US DOLLAR | 1/0/1900 |  |  | 187.37 | M | M |  |  |  | AstraZeneca PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1187.55 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 819.00 | 133480.10 | 133480.10 | 153456.03 | 153456.03 | 19975.93 | 19975.93 | 0.77 | False | 0.00 | N/A | 3.18 | 3.17 | 3.17 | 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 |  |  | 147.85 |  |  |  |  |  | Novartis AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3236.58 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 925.00 | 119561.35 | 119561.35 | 136761.25 | 136761.25 | 17199.90 | 17199.90 | 2.37 | False | 0.00 | N/A | 2.83 | 2.82 | 2.82 | 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 |  |  | 46.58 |  |  |  |  |  | Sanofi |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3136.90 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 1651.00 | 80484.98 | 80484.98 | 76903.58 | 76903.58 | -3581.40 | -3581.40 | 4.08 | False | 0.00 | N/A | 1.59 | 1.59 | 1.59 | 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 |  |  | 55.42 |  |  |  |  |  | Enbridge Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10781.35 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 3037.00 | 143671.05 | 143671.05 | 168310.54 | 168310.54 | 24639.49 | 24639.49 | 6.41 | False | 0.00 | N/A | 3.48 | 3.48 | 3.48 | 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 |  |  | 46.52 |  |  |  |  |  | Pembina Pipeline Cor | p |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6749.01 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2542.00 | 99273.30 | 99273.30 | 118253.84 | 118253.84 | 18980.54 | 18980.54 | 5.71 | False | 0.00 | N/A | 2.45 | 2.44 | 2.44 | 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 |  |  | 20.96 |  |  |  |  |  | Orange SA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6004.25 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 7995.00 | 127775.84 | 127775.84 | 167575.20 | 167575.20 | 39799.36 | 39799.36 | 3.58 | False | 0.00 | N/A | 3.47 | 3.46 | 3.46 | 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 |  |  | 11.81 |  |  |  |  |  | Telefonaktiebolaget | LM Ericsson |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3748.95 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 14818.00 | 140659.74 | 140737.56 | 175000.58 | 175000.58 | 34263.02 | 34263.02 | 2.14 | False | 0.00 | N/A | 3.62 | 3.61 | 3.61 | 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 |  |  | 15.80 |  |  |  |  |  | Vodafone Group PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10425.48 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 10660.00 | 126004.65 | 126004.65 | 168428.00 | 168428.00 | 42423.35 | 42423.35 | 6.19 | False | 0.00 | N/A | 3.49 | 3.48 | 3.48 | 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 |  |  | 47.38 |  |  |  |  |  | BP PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4196.65 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2519.00 | 87523.03 | 87523.03 | 119350.22 | 119350.22 | 31827.19 | 31827.19 | 3.52 | False | 0.00 | N/A | 2.47 | 2.46 | 2.47 | 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 |  |  | 100.46 |  |  |  |  |  | ABB Limited |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2093.48 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 2278.00 | 160165.22 | 160165.22 | 228847.88 | 228847.88 | 68682.66 | 68682.66 | 0.91 | False | 0.00 | N/A | 4.74 | 4.73 | 4.73 | 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 | 5/1/2026 |  |  | 100.00 |  |  |  |  |  | Goldman Sachs Financ | ial Square Funds - G |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3295.03 | L<br> N |  |  | 4/30/2026<br> C |  | 454;USD | USD | 92636.18 | 92636.18 | 92636.18 | 92636.18 | 92636.18 | 0.00 | 0.00 | 3.56 | False | 3.55 |  | 1.92 | 1.91 | 1.91 | 0.00 |  |  | FGTXX<br> N | AC |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** ROCKY MOUNT

  - **State:** NC

  - **Foreign country:** US

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

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2026-04-30

**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:** $4842841.01

**Total Liabilities:** $1491.93

**Net Assets:** $4841349.08

**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 | 5.86%                | -7.47%               | 5.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2.07                    | $219474.87                                 |
| Month 2  | $0.00                    | $-365998.76                                |
| Month 3  | $0.00                    | $225933.26                                 |

### 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        |      2278 | NS      | $228847.88    | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold De | COMMSTCK | CUSIP: 500467501<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      3070 | NS      | $144934.70    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV        | COMMSTCK | CUSIP: 010199503<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      3273 | NS      | $63987.15     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE           | COMMSTCK | CUSIP: 018820100<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      3268 | NS      | $148726.68    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA               | COMMSTCK | CUSIP: 054536107<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      2674 | NS      | $128458.96    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC      | COMMSTCK | CUSIP: G0593M107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       819 | NS      | $153456.03    | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC      | COMMSTCK | CUSIP: 05523R107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1259 | NS      | $140579.94    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya | COMMSTCK | CUSIP: 05946K101<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |      8121 | NS      | $179636.52    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC         | COMMSTCK | CUSIP: 06738E204<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      9257 | NS      | $216706.37    | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA       | COMMSTCK | CUSIP: 05565A202<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      3004 | NS      | $157679.96    | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC               | COMMSTCK | CUSIP: 055622104<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      2519 | NS      | $119350.22    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tob | COMMSTCK | CUSIP: 110448107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      2265 | NS      | $133182.00    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS         | COMMSTCK | CUSIP: 142795202<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      4790 | NS      | $129282.10    | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holding | COMMSTCK | CUSIP: 12562Y100<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     11683 | NS      | $97494.64     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM-Firmenich AG     | COMMSTCK | CUSIP: 23346J103<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      7268 | NS      | $54728.04     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc         | COMMSTCK | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      3037 | NS      | $168310.54    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA             | COMMSTCK | CUSIP: 29265W207<br>LEI: N/A                  | Long             | EC               | CORP              | IT        |     13774 | NS      | $160026.33    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget  | COMMSTCK | CUSIP: 294821608<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |     14818 | NS      | $175000.58    | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co Ltd   | COMMSTCK | CUSIP: 438128308<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2872 | NS      | $69904.48     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC  | COMMSTCK | CUSIP: 45262P102<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      2476 | NS      | $94261.32     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp            | COMMSTCK | CUSIP: 686330101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3470 | NS      | $116626.70    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd          | COMMSTCK | CUSIP: 500458401<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2113 | NS      | $90647.70     | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ GROUP  | COMMSTCK | CUSIP: 233825207<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      4918 | NS      | $71360.18     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial C | COMMSTCK | CUSIP: 56501R106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2971 | NS      | $116730.59    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Finan | COMMSTCK | CUSIP: 606822104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12508 | NS      | $224518.60    | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC    | COMMSTCK | CUSIP: 636274409<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1453 | NS      | $130101.62    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc  | COMMSTCK | CUSIP: 65535H208<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13473 | NS      | $108592.38    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG          | COMMSTCK | CUSIP: 66987V109<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |       925 | NS      | $136761.25    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA            | COMMSTCK | CUSIP: 684060106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      7995 | NS      | $167575.20    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Cor | COMMSTCK | CUSIP: 706327103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2542 | NS      | $118253.84    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC        | COMMSTCK | CUSIP: 767204100<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      1321 | NS      | $132734.08    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric S | COMMSTCK | CUSIP: 80687P106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      1356 | NS      | $85522.92     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Fina | COMMSTCK | CUSIP: 86562M209<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10792 | NS      | $229114.16    | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi               | COMMSTCK | CUSIP: 80105N105<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      1651 | NS      | $76903.58     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC   | COMMSTCK | CUSIP: 92857W308<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     10660 | NS      | $168428.00    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             |  | US        |     92636 | NS      | $92636.18     | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-02

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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