# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0001387131-23-000501
**Filing Date:** 2023-1
**Character Count:** 25127
**Document Hash:** ae222b9e76d3f0d3030cbd581884acb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-000501.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001387131-23-000501

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spinnaker ETF Series
- **CENTRAL INDEX KEY:** 0001484018
- **IRS NUMBER:** 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:** 23543976

**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

### The Cannabis ETF (Series ID: S000064815)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000209839 | The Cannabis ETF | THCX            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | 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 | MULTICURR | 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 |
| 428 | The Cannabis ETF | AFCG | AFC Gamma Inc |  |  | 00109K105 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 1/0/1900 |  |  | 17.48 |  |  |  |  |  | AFC Gamma Inc |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 268734.97 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 123841.00 | 2754643.03 | 2754643.03 | 2164740.68 | 2164740.68 | -589902.35 | -589902.35 | 12.41 | False | 0.00 | N/A | 7.63 | 7.62 | 7.63 | 0.00 |  | 5493005G0MGS3E0E7218 |
| 428 | The Cannabis ETF | AGFY | AGRIFY CORP |  |  | 00853E206 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USD | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 1.04 |  |  |  |  |  | AGRIFY CORP |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 178269.30 | 3929486.98 | 3929486.98 | 185400.07 | 185400.07 | -3744086.91 | -3744086.91 | 0.00 | False | 0.00 | N/A | 0.65 | 0.65 | 0.65 | 0.00 |  |  |
| 428 | The Cannabis ETF | AMRS | Amyris Inc |  |  | 03236M200 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 1.73 |  |  |  |  |  | Amyris Inc |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 254609.00 | 799490.76 | 799490.76 | 440473.57 | 440473.57 | -359017.19 | -359017.19 | 0.00 | False | 0.00 | N/A | 1.55 | 1.55 | 1.55 | 0.00 |  |  |
| 428 | The Cannabis ETF | ACB | AURORA CANNABIS INC |  |  | 05156X884 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 1.27 |  |  |  |  |  | AURORA CANNABIS INC |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 567219.00 | 3628754.64 | 3628754.64 | 720368.13 | 720368.13 | -2908386.51 | -2908386.51 | 0.00 | False | 0.00 | N/A | 2.54 | 2.54 | 2.54 | 0.00 |  |  |
| 428 | The Cannabis ETF | CGC | Canopy Growth Corp |  |  | 138035100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 3.62 |  |  |  |  |  | Canopy Growth Corp |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 557588.00 | 4048458.87 | 4048458.87 | 2018468.56 | 2018468.56 | -2029990.31 | -2029990.31 | 0.00 | False | 0.00 | N/A | 7.11 | 7.11 | 7.11 | 0.00 |  |  |
| 428 | The Cannabis ETF | YCBD | CBDMD | INC |  | 12482W101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 0.27 |  |  |  |  |  | CBDMD | INC |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 731083.00 | 604525.09 | 604525.09 | 197392.41 | 197392.41 | -407132.68 | -407132.68 | 0.00 | False | 0.00 | N/A | 0.70 | 0.69 | 0.70 | 0.00 |  |  |
| 428 | The Cannabis ETF | CRON | Cronos Group Inc |  |  | 22717L101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 3.11 |  |  |  |  |  | Cronos Group Inc |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 643420.00 | 4125114.42 | 4125114.42 | 2001036.20 | 2001036.20 | -2124078.22 | -2124078.22 | 0.00 | False | 0.00 | N/A | 7.05 | 7.04 | 7.05 | 0.00 |  |  |
| 428 | The Cannabis ETF | GNLN | Greenlane Holdings I | nc |  | 395330202 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 1/0/1900 |  |  | 0.50 |  |  |  |  |  | Greenlane Holdings I | nc |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 489366.00 | 1668055.44 | 1668055.44 | 245074.49 | 245074.49 | -1422980.95 | -1422980.95 | 0.00 | False | 0.00 | N/A | 0.86 | 0.86 | 0.86 | 0.00 |  |  |
| 428 | The Cannabis ETF | GRWG | GROW GENERATION | CORP |  | 39986L109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 6.79 |  |  |  |  |  | GROW GENERATION | CORP |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 526651.00 | 7734251.07 | 7734251.07 | 3575960.29 | 3575960.29 | -4158290.78 | -4158290.78 | 0.00 | False | 0.00 | N/A | 12.60 | 12.59 | 12.60 | 0.00 |  |  |
| 428 | The Cannabis ETF | HYFM | HYDROFARM | HOLDINGS GROUP |  | 44888K209 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USD | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 2.51 |  |  |  |  |  | HYDROFARM | HOLDINGS GROUP |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 241838.00 | 5708130.93 | 5708130.93 | 607013.38 | 607013.38 | -5101117.55 | -5101117.55 | 0.00 | False | 0.00 | N/A | 2.14 | 2.14 | 2.14 | 0.00 |  |  |
| 428 | The Cannabis ETF | LFLY | Leafly Holdings Inc |  |  | 52178J105 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 0.71 |  |  |  |  |  | Leafly Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 492678.00 | 2312496.61 | 2312496.61 | 347682.86 | 347682.86 | -1964813.75 | -1964813.75 | 0.00 | False | 0.00 | N/A | 1.23 | 1.22 | 1.22 | 0.00 |  |  |
| 428 | The Cannabis ETF | OGI | Organigram Holdings | Inc |  | 68620P101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 1.03 |  |  |  |  |  | Organigram Holdings | Inc |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 2059414.00 | 3404982.70 | 3404982.70 | 2121196.42 | 2121196.42 | -1283786.28 | -1283786.28 | 0.00 | False | 0.00 | N/A | 7.47 | 7.47 | 7.47 | 0.00 |  |  |
| 428 | The Cannabis ETF | PKI | PerkinElmer Inc |  |  | 714046109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 139.73 |  |  |  |  |  | PerkinElmer Inc |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 3051.72 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 10899.00 | 1293369.61 | 1293369.61 | 1522917.27 | 1522917.27 | 229547.66 | 229547.66 | 0.20 | False | 0.00 | N/A | 5.37 | 5.36 | 5.36 | 0.00 |  |  |
| 428 | The Cannabis ETF | SMG | Scotts Miracle-Gro C | o/The |  | 810186106 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 55.93 |  |  |  |  |  | Scotts Miracle-Gro C | o/The |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 82521.12 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 31258.00 | 3678119.20 | 3678119.20 | 1748259.94 | 1748259.94 | -1929859.26 | -1929859.26 | 4.72 | False | 0.00 | N/A | 6.16 | 6.15 | 6.16 | 0.00 |  |  |
| 428 | The Cannabis ETF | TLRY | Tilray Inc |  |  | 88688T100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 3.87 |  |  |  |  |  | Tilray Inc |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 505898.00 | 2374535.81 | 2374535.81 | 1957825.26 | 1957825.26 | -416710.55 | -416710.55 | 0.00 | False | 0.00 | N/A | 6.90 | 6.89 | 6.90 | 0.00 |  |  |
| 428 | The Cannabis ETF | VFF | Village Farms Intern | ational Inc |  | 92707Y108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 1.98 |  |  |  |  |  | Village Farms Intern | ational Inc |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 933986.00 | 5848193.79 | 5848193.79 | 1849292.28 | 1849292.28 | -3998901.51 | -3998901.51 | 0.00 | False | 0.00 | N/A | 6.52 | 6.51 | 6.51 | 0.00 |  |  |
| 428 | The Cannabis ETF | WAT | Waters Corp |  |  | 941848103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 346.60 |  |  |  |  |  | Waters Corp |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 4727.00 | 1212929.46 | 1212929.46 | 1638378.20 | 1638378.20 | 425448.74 | 425448.74 | 0.00 | False | 0.00 | N/A | 5.77 | 5.77 | 5.77 | 0.00 |  |  |
| 428 | The Cannabis ETF | MAPS | WM TECHNOLOGY INC |  |  | 92971A109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAY | CAYMAN ISLANDS |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 1.17 |  |  |  |  |  | WM TECHNOLOGY INC |  |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 474676.00 | 2799954.34 | 2799954.34 | 555370.92 | 555370.92 | -2244583.42 | -2244583.42 | 0.00 | False | 0.00 | N/A | 1.96 | 1.96 | 1.96 | 0.00 |  |  |
| 428 | The Cannabis ETF | XLY CN | Auxly Cannabis Group | Inc |  | BDGMQB3 | UNGROUPED SECURITIES |  | FOREIGN | FOREIGN EQUITIES |  |  |  | CAD | CANADA |  |  | CAD | CANADIAN DOLLAR | 1/0/1900 |  |  | 0.02 |  |  |  |  |  | Auxly Cannabis Group | Inc |  |  |  |  | 5 | 2 | 6 | 3 | Y | False | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 3147899.00 | 335974.54 | 335974.54 | 58498.09 | 58498.09 | -277476.45 | -277476.45 | 0.00 | False | 0.00 | N/A | 0.21 | 0.21 | 0.21 | 0.00 |  |  |
| 428 | The Cannabis ETF | CRDL CN | Cardiol Therapeutics | Inc-A |  | BHZT969 | UNGROUPED SECURITIES |  | FOREIGN | FOREIGN EQUITIES |  |  |  | CAD | CANADA |  |  | CAD | CANADIAN DOLLAR | 1/0/1900 |  |  | 0.50 |  |  |  |  |  | Cardiol Therapeutics | Inc-A |  |  |  |  | 5 | 2 | 6 | 3 | Y | False | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 600756.00 | 899904.51 | 899904.51 | 299194.62 | 299194.62 | -600709.89 | -600709.89 | 0.00 | False | 0.00 | N/A | 1.05 | 1.05 | 1.05 | 0.00 |  |  |
| 428 | The Cannabis ETF | CWEB CN | Charlottes Web Holdi | ngs Inc |  | BGHY2B1 | UNGROUPED SECURITIES |  | FOREIGN | FOREIGN EQUITIES |  |  |  | CAD | CANADA | CO | COLORADO | CAD | CANADIAN DOLLAR | 1/0/1900 |  |  | 0.64 |  |  |  |  |  | Charlottes Web Holdi | ngs Inc |  |  |  |  | 5 | 2 | 6 | 3 | Y | False | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 900240.00 | 1488833.94 | 1488833.94 | 575489.78 | 575489.78 | -913344.16 | -913344.16 | 0.00 | False | 0.00 | N/A | 2.03 | 2.03 | 2.03 | 0.00 |  |  |
| 428 | The Cannabis ETF | FAF CN | FIRE AND FLWR | CORP. |  | BNYGZ54 | UNGROUPED SECURITIES |  | FOREIGN | FOREIGN EQUITIES |  |  |  | CAD | CANADA |  |  | CAD | CANADIAN DOLLAR | 1/0/1900 |  |  | 0.93 |  |  |  |  |  | FIRE AND FLWR | CORP. |  |  |  |  | 5 | 2 | 6 | 3 | Y | False | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 1082811.00 | 6621610.13 | 6621610.13 | 1006105.52 | 1006105.52 | -5615504.61 | -5615504.61 | 0.00 | False | 0.00 | N/A | 3.54 | 3.54 | 3.54 | 0.00 |  |  |
| 428 | The Cannabis ETF | HITI CN | HIGH TIDE INC |  |  | BMCPKP1 | UNGROUPED SECURITIES |  | FOREIGN | FOREIGN EQUITIES |  |  |  | CAD | CANADA |  |  | CAD | CANADIAN DOLLAR | 1/0/1900 |  |  | 1.87 |  |  |  |  |  | HIGH TIDE INC |  |  |  |  |  | 5 | 2 | 6 | 3 | Y | False | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 829901.00 | 4960306.33 | 4960306.33 | 1548391.82 | 1548391.82 | -3411914.51 | -3411914.51 | 0.00 | False | 0.00 | N/A | 5.46 | 5.45 | 5.45 | 0.00 |  |  |
| 428 | The Cannabis ETF | NOVC CN | NOVA CANNABIS INC |  |  | BL66YN9 | UNGROUPED SECURITIES |  | FOREIGN | FOREIGN EQUITIES |  |  |  | CAD | CANADA |  |  | CAD | CANADIAN DOLLAR | 1/0/1900 |  |  | 0.39 |  |  |  |  |  | NOVA CANNABIS INC |  |  |  |  |  | 5 | 2 | 6 | 3 | Y | False | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 2154759.00 | 3130935.28 | 3130935.28 | 848897.84 | 848897.84 | -2282037.44 | -2282037.44 | 0.00 | False | 0.00 | N/A | 2.99 | 2.99 | 2.99 | 0.00 |  |  |
| 428 | The Cannabis ETF | VLNS CN | Valens Co | Inc/The |  | BMWSCT8 | UNGROUPED SECURITIES |  | FOREIGN | FOREIGN EQUITIES |  |  |  | CAD | CANADA |  |  | CAD | CANADIAN DOLLAR | 1/0/1900 |  |  | 0.85 |  |  |  |  |  | VALENS GROWORKS | Inc/The |  |  |  |  | 5 | 2 | 6 | 3 | Y | False | 0.00 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 0.67 | 0.43 | 0.43 | 0.57 | 0.57 | 0.14 | 0.14 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 428 | The Cannabis ETF | DGCXX | Dreyfus Government C | ash Management |  | 262006208 | UNGROUPED SECURITIES |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 12/1/2022 |  |  | 100.00 |  |  |  |  |  | Dreyfus Government C | ash Management |  |  |  |  | 5 | 2 | 6 | 5 | Y | True | 5377.85 | L<br> N |  |  | 12/1/2022<br> C |  | 428;USD | USD | 148600.00 | 148600.00 | 148600.00 | 148600.00 | 148600.00 | 0.00 | 0.00 | 3.62 | False | 0.00 |  | 0.52 | 0.52 | 0.52 | 0.00 |  |  |

---

## 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:** The Cannabis ETF

- **b. EDGAR series identifier (if any):** S000064815

- **c. LEI of Series:** 549300IJBE23DCOWVI80

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $28404987.54

**Total Liabilities:** $17139.48

**Net Assets:** $28387848.06

**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 C000209839 | -23.39%              | 14.06%               | -0.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2691181.38             | $-5006034.10                               |
| Month 2  | $-8874137.84             | $12400857.57                               |
| Month 3  | $-9884999.50             | $9719621.11                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AURORA CANNABIS INC  | COMMSTCK | CUSIP: 05156X884<br>LEI: 549300F6VHCLKCUWDT34 | Long             | EC               | CORP              | CA        |    567219 | NS      | $720368.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AFC Gamma Inc        | COMMSTCK | CUSIP: 00109K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123841 | NS      | $2164740.68   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AGRIFY CORP          | COMMSTCK | CUSIP: 00853E208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178269 | NS      | $185400.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amyris Inc           | COMMSTCK | CUSIP: 03236M200<br>LEI: 549300BG17WCUK6EIM58 | Long             | EC               | CORP              | US        |    254609 | NS      | $440473.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Canopy Growth Corp   | COMMSTCK | CUSIP: 138035100<br>LEI: 529900CSD7NH1UBC9X07 | Long             | EC               | CORP              | CA        |    557588 | NS      | $2018468.56   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Cronos Group Inc     | COMMSTCK | CUSIP: 22717L101<br>LEI: 549300CWB04E8UOTWX71 | Long             | EC               | CORP              | CA        |    643420 | NS      | $2001036.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenlane Holdings I | COMMSTCK | CUSIP: 395330202<br>LEI: 549300TLDAX3PKE2Y626 | Long             | EC               | CORP              | US        |    489366 | NS      | $245074.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| GROW GENERATION      | COMMSTCK | CUSIP: 39986L109<br>LEI: 21380063ZX54EUEMBR73 | Long             | EC               | CORP              | CA        |    526651 | NS      | $3575960.29   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HYDROFARM            | COMMSTCK | CUSIP: 44888K209<br>LEI: 5493005Y60YG0W2FYJ83 | Long             | EC               | CORP              | US        |    241838 | NS      | $607013.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Leafly Holdings Inc  | COMMSTCK | CUSIP: 52178J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    492678 | NS      | $347682.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WM TECHNOLOGY INC    | COMMSTCK | CUSIP: 92971A109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    474676 | NS      | $555370.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Organigram Holdings  | COMMSTCK | CUSIP: 68620P101<br>LEI: 391200OUOEWDQSEJ0Y74 | Long             | EC               | CORP              | CA        |   2059414 | NS      | $2121196.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer Inc      | COMMSTCK | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     10899 | NS      | $1522917.27   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro C | COMMSTCK | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     31258 | NS      | $1748259.94   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tilray Inc           | COMMSTCK | CUSIP: 88688T100<br>LEI: 549300Y4V60733TO1478 | Long             | EC               | CORP              | CA        |    505898 | NS      | $1957825.26   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Farms Intern | COMMSTCK | CUSIP: 92707Y108<br>LEI: 529900TR69X5FFZ6K955 | Long             | EC               | CORP              | CA        |    933986 | NS      | $1849292.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp          | COMMSTCK | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      4727 | NS      | $1638378.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CBDMD                | COMMSTCK | CUSIP: 12482W101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    731083 | NS      | $197392.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardiol Therapeutics | FOREIGN  | CUSIP: 14161Y200<br>LEI: 549300EXSOITGMUJOK20 | Long             |  | CORP              | CA        |    600756 | NS      | $299194.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Charlottes Web Holdi | FOREIGN  | CUSIP: 16106R109<br>LEI: N/A                  | Long             |  | CORP              | CA        |    900240 | NS      | $575489.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRE AND FLWR        | FOREIGN  | CUSIP: 318108305<br>LEI: N/A                  | Long             |  | CORP              | CA        |   1082811 | NS      | $1006105.52   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HIGH TIDE INC        | FOREIGN  | CUSIP: 42981E401<br>LEI: N/A                  | Long             |  | CORP              | CA        |    829901 | NS      | $1548391.82   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVA CANNABIS INC    | FOREIGN  | CUSIP: 66980W104<br>LEI: N/A                  | Long             |  | CORP              | CA        |   2154759 | NS      | $848897.84    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Valens Co            | FOREIGN  | CUSIP: 91914P603<br>LEI: 529900SWDZC3XJZO8807 | Long             |  | CORP              | CA        |         1 | NS      | $0.57         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Auxly Cannabis Group | FOREIGN  | CUSIP: 05335P109<br>LEI: 549300Y0HPQ6B7DCNG82 | Long             |  | CORP              | CA        |   3147899 | NS      | $58498.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Ashley Lanham

**Name of Signer:** Ashley Lanham

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