# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-25-004739
**Filing Date:** 2025-12
**Character Count:** 77328
**Document Hash:** 70863605d7954a61e7320768b9b82fff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004739.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0002000324-25-004739

**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:** 251593216

**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 Municipal Quality Intermediate ETF (Series ID: S000084933)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000249690 | Genter Capital Municipal Quality Intermediate ETF | GENM            |

## 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_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 | 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 |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 76543FAA | RICHMOND REDEV HSG-F | N 05/01/2040 4.5000 |  | 76543FAA8 |  | UNGROUPED SECURITIES |  | ABS | ASSET BACKED SECS |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 5/1/2040 |  |  | 106.61 |  |  |  |  |  | RICHMOND REDEV HSG-F | N 05/01/2040 4.5000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1783.37 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 39630.36 | 40036.57 | 40011.08 | 42251.10 | 42251.10 | 2240.02 | 2240.02 | 4.22 | False | 3.90 |  | 0.24 | 0.24 | 0.27 | 40000.00 |  |  | 76543FAA<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | FIGXX | Fidelity Investments | Money Market Funds |  | 316175108 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 11/1/2025 |  |  | 100.00 |  |  |  |  |  | Fidelity Investments | Money Market Funds |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 96898.12 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 2442400.67 | 2442400.67 | 2442400.67 | 2442400.67 | 2442400.67 | 0.00 | 0.00 | 3.97 | False | 3.95 |  | 13.91 | 13.80 | 15.76 | 0.00 |  |  | FIGXX<br> N | AC |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 01179R6F | AK MUNI BOND BANK-TW | O 12/01/2027 5.0000 |  | 01179R6F5 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AK | ALASKA | USD | US DOLLAR | 12/1/2027 |  |  | 103.66 |  |  |  |  |  | AK MUNI BOND BANK-TW | O 12/01/2027 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 175000.00 | 181753.25 | 180293.97 | 181409.92 | 181409.92 | 1115.95 | 1115.95 | 4.82 | False | 3.17 |  | 1.03 | 1.03 | 1.17 | 0.00 |  |  | 01179R6F<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 010684BQ | ALACHUA CO HLTH-B-3 | 10/01/2030 3.62500% |  | 010684BQ0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 10/1/2030 |  |  | 100.19 |  |  |  |  |  | ALACHUA CO HLTH-B-3 | 10/01/2030 3.62500% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10875.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 300000.00 | 300000.00 | 300000.00 | 300575.73 | 300575.73 | 575.73 | 575.73 | 3.62 | True | 3.41 |  | 1.71 | 1.70 | 1.94 | 0.00 |  |  | 010684BQ<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 041806MH | ARLINGTON HGR EDU-A | 12/01/2026 4.00000% |  | 041806MH0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 12/1/2026 |  |  | 101.15 |  |  |  |  |  | ARLINGTON HGR EDU-A | 12/01/2026 4.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 800.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 20000.00 | 20047.20 | 20020.42 | 20230.70 | 20230.70 | 210.28 | 210.28 | 3.95 | False | 2.91 |  | 0.12 | 0.11 | 0.13 | 0.00 |  |  | 041806MH<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 0418066Z | ARLINGTON HIER ED-RI | V 08/15/2026 5.0000 |  | 0418066Z8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 8/15/2026 |  |  | 101.81 |  |  |  |  |  | ARLINGTON HIER ED-RI | V 08/15/2026 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 175000.00 | 177969.75 | 176759.76 | 178166.36 | 178166.36 | 1406.60 | 1406.60 | 4.91 | False | 2.66 |  | 1.02 | 1.01 | 1.15 | 0.00 |  |  | 0418066Z<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 05217TAZ | AUSTIN AFFORDABLE PF | C 11/01/2059 2.9500 |  | 05217TAZ7 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 11/1/2059 |  |  | 99.49 |  |  |  |  |  | AUSTIN AFFORDABLE PF | C 11/01/2059 2.9500 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8850.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 300000.00 | 300000.00 | 300000.00 | 298473.78 | 298473.78 | -1526.22 | -1526.22 | 2.97 | False | 2.97 |  | 1.70 | 1.69 | 1.93 | 0.00 |  |  | 05217TAZ<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 04052VAF | AZ INDL DEV AUTH - A | 06/01/2030 5.00000% |  | 04052VAF7 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 6/1/2030 |  |  | 105.61 |  |  |  |  |  | AZ INDL DEV AUTH - A | 06/01/2030 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 40000.00 | 42591.20 | 42032.45 | 42244.78 | 42244.78 | 212.33 | 212.33 | 4.73 | True | 3.32 |  | 0.24 | 0.24 | 0.27 | 0.00 |  |  | 04052VAF<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 083389GH | BENTON WASHINGTON WT | R 10/01/2034 4.0000 |  | 083389GH3 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AR | ARKANSAS | USD | US DOLLAR | 10/1/2034 |  |  | 102.31 |  |  |  |  |  | BENTON WASHINGTON WT | R 10/01/2034 4.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1600.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 40000.00 | 40894.40 | 40806.34 | 40925.82 | 40925.82 | 119.48 | 119.48 | 3.91 | True | 3.36 |  | 0.23 | 0.23 | 0.26 | 0.00 |  |  | 083389GH<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 09182RAR | BLACK BELT ENERGY GA | S 12/01/2049 4.0000 |  | 09182RAR2 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AL | ALABAMA | USD | US DOLLAR | 12/1/2049 |  |  | 99.99 |  |  |  |  |  | BLACK BELT ENERGY GA | S 12/01/2049 4.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 50000.00 | 50186.50 | 50190.38 | 49996.84 | 49996.84 | -193.55 | -193.55 | 4.00 | False | 4.00 |  | 0.28 | 0.28 | 0.32 | 0.00 |  |  | 09182RAR<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 09182TAF | BLACK BELT ENERGY GA | S 10/01/2052 4.0000 |  | 09182TAF4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AL | ALABAMA | USD | US DOLLAR | 10/1/2052 |  |  | 100.64 |  |  |  |  |  | BLACK BELT ENERGY GA | S 10/01/2052 4.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3200.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 80000.00 | 79862.20 | 80061.77 | 80508.93 | 80508.93 | 447.16 | 447.16 | 3.97 | False | 3.96 |  | 0.46 | 0.45 | 0.52 | 0.00 |  |  | 09182TAF<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 09182TAM | BLACK BELT ENERGY GA | S 10/01/2052 4.0000 |  | 09182TAM9 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AL | ALABAMA | USD | US DOLLAR | 10/1/2052 |  |  | 100.40 |  |  |  |  |  | BLACK BELT ENERGY GA | S 10/01/2052 4.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 15000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 375000.00 | 380340.00 | 379969.37 | 376482.04 | 376482.04 | -3487.33 | -3487.33 | 3.98 | False | 3.98 |  | 2.14 | 2.13 | 2.43 | 0.00 |  |  | 09182TAM<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 104575CP | BRADLEY VLG | 12/15/2035 5.00000% |  | 104575CP8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 12/15/2035 |  |  | 111.17 |  |  |  |  |  | BRADLEY VLG | 12/15/2035 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 35000.00 | 38103.30 | 37873.58 | 38909.78 | 38909.78 | 1036.20 | 1036.20 | 4.50 | True | 3.41 |  | 0.22 | 0.22 | 0.25 | 0.00 |  |  | 104575CP<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 11506KHK | BROWARD CO | 09/01/2032 5.00000% |  | 11506KHK0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 9/1/2032 |  |  | 110.48 |  |  |  |  |  | BROWARD CO | 09/01/2032 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 400000.00 | 442284.00 | 442237.74 | 441928.40 | 441928.40 | -309.34 | -309.34 | 4.53 | False | 3.27 |  | 2.52 | 2.50 | 2.85 | 0.00 |  |  | 11506KHK<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 13048RAS | CA MUNI FIN AUT-B-AM | T 09/01/2050 3.3750 |  | 13048RAS6 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 9/1/2050 |  |  | 99.04 |  |  |  |  |  | CA MUNI FIN AUT-B-AM | T 09/01/2050 3.3750 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 200000.00 | 200000.00 | 200000.00 | 198072.50 | 198072.50 | -1927.50 | -1927.50 | 3.41 | False | 3.43 |  | 1.13 | 1.12 | 1.28 | 0.00 |  |  | 13048RAS<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 154871CU | CENTRL PLAINS ENERGY | 05/01/2053 5.00000% |  | 154871CU9 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | NE | NEBRASKA | USD | US DOLLAR | 5/1/2053 |  |  | 105.65 |  |  |  |  |  | CENTRL PLAINS ENERGY | 05/01/2053 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 200000.00 | 210088.50 | 209174.56 | 211299.24 | 211299.24 | 2124.68 | 2124.68 | 4.73 | True | 3.40 |  | 1.20 | 1.19 | 1.36 | 0.00 |  |  | 154871CU<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 158862CB | CHANDLER INDL DEV-2 | 09/01/2052 5.00000% |  | 158862CB6 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 9/1/2052 |  |  | 101.94 |  |  |  |  |  | CHANDLER INDL DEV-2 | 09/01/2052 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 140000.00 | 142817.70 | 142239.03 | 142713.42 | 142713.42 | 474.39 | 474.39 | 4.90 | True | 3.51 |  | 0.81 | 0.81 | 0.92 | 0.00 |  |  | 158862CB<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 167570TW | CHICAGO-REV | 10/01/2028 3.20000% |  | 167570TW0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 10/1/2028 |  |  | 100.50 |  |  |  |  |  | CHICAGO-REV | 10/01/2028 3.20000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5440.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 170000.00 | 170000.00 | 170000.00 | 170853.06 | 170853.06 | 853.06 | 853.06 | 3.18 | True | 2.93 |  | 0.97 | 0.97 | 1.10 | 0.00 |  |  | 167570TW<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 199123CN | COLUMBUS HSG AUTH | 04/01/2028 5.00000% |  | 199123CN8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 4/1/2028 |  |  | 102.60 |  |  |  |  |  | COLUMBUS HSG AUTH | 04/01/2028 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 150000.00 | 155565.00 | 153871.97 | 153904.19 | 153904.19 | 32.22 | 32.22 | 4.87 | True | 3.11 |  | 0.88 | 0.87 | 0.99 | 0.00 |  |  | 199123CN | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 21765KAS | COPPERLEAF MET DIST# | 4 12/01/2040 5.0000 |  | 21765KAS5 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 12/1/2040 |  |  | 106.80 |  |  |  |  |  | COPPERLEAF MET DIST# | 4 12/01/2040 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 100000.00 | 105632.00 | 105320.65 | 106797.72 | 106797.72 | 1477.07 | 1477.07 | 4.68 | True | 3.92 |  | 0.61 | 0.60 | 0.69 | 0.00 |  |  | 21765KAS<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 230589AB | CUMBERLAND CO IND-AM | T 12/01/2027 3.1250 |  | 230589AB9 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 12/1/2027 |  |  | 99.96 |  |  |  |  |  | CUMBERLAND CO IND-AM | T 12/01/2027 3.1250 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 200000.00 | 200000.00 | 200000.00 | 199919.68 | 199919.68 | -80.32 | -80.32 | 3.13 | False | 3.14 |  | 1.14 | 1.13 | 1.29 | 0.00 |  |  | 230589AB<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 230589AA | CUMBERLAND CO INDL-A | M 12/01/2027 3.7500 |  | 230589AA1 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 12/1/2027 |  |  | 99.78 |  |  |  |  |  | CUMBERLAND CO INDL-A | M 12/01/2027 3.7500 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3187.50 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 85000.00 | 85000.00 | 85000.00 | 84812.24 | 84812.24 | -187.76 | -187.76 | 3.76 | False | 3.86 |  | 0.48 | 0.48 | 0.55 | 0.00 |  |  | 230589AA<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 64985SNR | DASNY-B-1 | 11/15/2030 3.05000% |  | 64985SNR0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 11/15/2030 |  |  | 99.91 |  |  |  |  |  | DASNY-B-1 | 11/15/2030 3.05000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7625.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 250000.00 | 250000.00 | 250000.00 | 249772.60 | 249772.60 | -227.40 | -227.40 | 3.05 | False | 3.07 |  | 1.42 | 1.41 | 1.61 | 0.00 |  |  | 64985SNR<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 34074HHP | FL HSG FIN CORP-Q-2 | 11/01/2028 3.00000% |  | 34074HHP0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 11/1/2028 |  |  | 99.63 |  |  |  |  |  | FL HSG FIN CORP-Q-2 | 11/01/2028 3.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 300000.00 | 300000.00 | 300000.00 | 298897.02 | 298897.02 | -1102.98 | -1102.98 | 3.01 | False | 3.13 |  | 1.70 | 1.69 | 1.93 | 0.00 |  |  | 34074HHP<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 349507EH | FORT WORTH | 03/01/2035 5.00000% |  | 349507EH2 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 3/1/2035 |  |  | 113.36 |  |  |  |  |  | FORT WORTH | 03/01/2035 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 15000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 300000.00 | 324795.00 | 324052.01 | 340081.77 | 340081.77 | 16029.76 | 16029.76 | 4.41 | False | 3.32 |  | 1.94 | 1.92 | 2.19 | 0.00 |  |  | 349507EH<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 353174JP | FRANKLIN CNTY OH CON | V 12/01/2025 5.0000 |  | 353174JP1 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 12/1/2025 |  |  | 100.18 |  |  |  |  |  | FRANKLIN CNTY OH CON | V 12/01/2025 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 125000.00 | 125898.75 | 125234.28 | 125219.48 | 125219.48 | -14.81 | -14.81 | 4.99 | False | 2.83 |  | 0.71 | 0.71 | 0.81 | 0.00 |  |  | 353174JP<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 362460WE | GADSDEN-A-WARRANTS | 10/01/2039 5.00000% |  | 362460WE3 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AL | ALABAMA | USD | US DOLLAR | 10/1/2039 |  |  | 109.89 |  |  |  |  |  | GADSDEN-A-WARRANTS | 10/01/2039 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 150000.00 | 162433.50 | 162362.53 | 164830.59 | 164830.59 | 2468.06 | 2468.06 | 4.55 | True | 3.79 |  | 0.94 | 0.93 | 1.06 | 0.00 |  |  | 362460WE<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 386523JE | GRAND TRAVERSE HOSP | 07/01/2033 5.00000% |  | 386523JE5 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 7/1/2033 |  |  | 108.54 |  |  |  |  |  | GRAND TRAVERSE HOSP | 07/01/2033 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 180000.00 | 194985.65 | 194361.30 | 195370.15 | 195370.15 | 1008.85 | 1008.85 | 4.61 | True | 3.33 |  | 1.11 | 1.10 | 1.26 | 0.00 |  |  | 386523JE<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 39167GNQ | GREATER CLARK-B | 07/15/2028 5.00000% |  | 39167GNQ0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 7/15/2028 |  |  | 105.40 |  |  |  |  |  | GREATER CLARK-B | 07/15/2028 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 400000.00 | 423072.00 | 422699.14 | 421597.92 | 421597.92 | -1101.22 | -1101.22 | 4.74 | False | 2.91 |  | 2.40 | 2.38 | 2.72 | 0.00 |  |  | 39167GNQ<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 438697BQ | HONOLULU CITY & CNTY | 06/01/2027 5.00000% |  | 438697BQ6 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | HI | HAWAII | USD | US DOLLAR | 6/1/2027 |  |  | 101.04 |  |  |  |  |  | HONOLULU CITY & CNTY | 06/01/2027 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 70000.00 | 71214.40 | 70877.09 | 70729.04 | 70729.04 | -148.05 | -148.05 | 4.95 | False | 4.31 |  | 0.40 | 0.40 | 0.46 | 0.00 |  |  | 438697BQ<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 439397AH | HOPE-REV | 06/01/2033 5.00000% |  | 439397AH3 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AR | ARKANSAS | USD | US DOLLAR | 6/1/2033 |  |  | 112.24 |  |  |  |  |  | HOPE-REV | 06/01/2033 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 190000.00 | 204576.90 | 203655.02 | 213259.42 | 213259.42 | 9604.40 | 9604.40 | 4.45 | True | 2.94 |  | 1.21 | 1.21 | 1.38 | 0.00 |  |  | 439397AH<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 44044TRY | HORIZON REGL MUD | 02/01/2035 4.00000% |  | 44044TRY0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 2/1/2035 |  |  | 101.59 |  |  |  |  |  | HORIZON REGL MUD | 02/01/2035 4.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2800.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 70000.00 | 70953.90 | 70905.46 | 71112.50 | 71112.50 | 207.04 | 207.04 | 3.94 | True | 3.63 |  | 0.41 | 0.40 | 0.46 | 0.00 |  |  | 44044TRY<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 45203LFC | IL HSG DEV AUTH | 02/01/2029 3.15000% |  | 45203LFC2 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 2/1/2029 |  |  | 99.92 |  |  |  |  |  | IL HSG DEV AUTH | 02/01/2029 3.15000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12600.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 400000.00 | 400000.00 | 400000.00 | 399687.40 | 399687.40 | -312.60 | -312.60 | 3.15 | False | 3.17 |  | 2.28 | 2.26 | 2.58 | 0.00 |  |  | 45203LFC<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 45204EYS | ILLINOIS FIN AUTH-RE | F 03/01/2026 5.0000 |  | 45204EYS1 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 3/1/2026 |  |  | 100.48 |  |  |  |  |  | ILLINOIS FIN AUTH-RE | F 03/01/2026 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 20000.00 | 20420.60 | 20092.15 | 20095.91 | 20095.91 | 3.76 | 3.76 | 4.98 | False | 3.52 |  | 0.11 | 0.11 | 0.13 | 0.00 |  |  | 45204EYS<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 45506CBV | IN HSG & CMNTY DEV-A | 03/01/2029 2.90000% |  | 45506CBV8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 3/1/2029 |  |  | 99.41 |  |  |  |  |  | IN HSG & CMNTY DEV-A | 03/01/2029 2.90000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10150.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 350000.00 | 350000.00 | 350000.00 | 347931.29 | 347931.29 | -2068.71 | -2068.71 | 2.92 | False | 3.09 |  | 1.98 | 1.97 | 2.25 | 0.00 |  |  | 45506CBV<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 45528VFX | INDIANAPOLIS LOCAL-B | 2 01/01/2032 5.0000 |  | 45528VFX2 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 1/1/2032 |  |  | 108.63 |  |  |  |  |  | INDIANAPOLIS LOCAL-B | 2 01/01/2032 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 160000.00 | 168731.20 | 168168.05 | 173805.12 | 173805.12 | 5637.07 | 5637.07 | 4.60 | False | 3.43 |  | 0.99 | 0.98 | 1.12 | 0.00 |  |  | 45528VFX<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 476034TU | JENISON PUB SCHS-I | 05/01/2038 5.00000% |  | 476034TU7 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 5/1/2038 |  |  | 109.46 |  |  |  |  |  | JENISON PUB SCHS-I | 05/01/2038 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 25000.00 | 27681.50 | 27473.68 | 27364.37 | 27364.37 | -109.31 | -109.31 | 4.57 | True | 3.69 |  | 0.16 | 0.15 | 0.18 | 0.00 |  |  | 476034TU<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 480639DC | JOPLIN INDL DEV-REF | 02/15/2039 5.00000% |  | 480639DC4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 2/15/2039 |  |  | 107.45 |  |  |  |  |  | JOPLIN INDL DEV-REF | 02/15/2039 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 60000.00 | 65186.50 | 64696.96 | 64471.17 | 64471.17 | -225.79 | -225.79 | 4.65 | True | 3.82 |  | 0.37 | 0.36 | 0.42 | 0.00 |  |  | 480639DC<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 48620AEG | KAUFMAN CO MUD #3-A | 03/01/2032 6.50000% |  | 48620AEG7 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 3/1/2032 |  |  | 114.81 |  |  |  |  |  | KAUFMAN CO MUD #3-A | 03/01/2032 6.50000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 50000.00 | 57616.00 | 56524.84 | 57403.24 | 57403.24 | 878.40 | 878.40 | 5.66 | True | 3.31 |  | 0.33 | 0.32 | 0.37 | 0.00 |  |  | 48620AEG<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 74440DFN | KY PUB ENERGY AUTH-A | 06/01/2055 5.25000% |  | 74440DFN9 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | KY | KENTUCKY | USD | US DOLLAR | 6/1/2055 |  |  | 106.75 |  |  |  |  |  | KY PUB ENERGY AUTH-A | 06/01/2055 5.25000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 28612.50 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 545000.00 | 580573.20 | 579072.47 | 581782.05 | 581782.05 | 2709.58 | 2709.58 | 4.92 | True | 3.43 |  | 3.31 | 3.29 | 3.75 | 0.00 |  |  | 74440DFN | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 54627CCE | LA HSG CORP | 10/01/2045 2.70000% |  | 54627CCE1 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | LA | LOUISIANA | USD | US DOLLAR | 10/1/2045 |  |  | 100.23 |  |  |  |  |  | LA HSG CORP | 10/01/2045 2.70000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10800.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 400000.00 | 400000.00 | 400000.00 | 400933.48 | 400933.48 | 933.48 | 933.48 | 2.69 | True | 2.57 |  | 2.28 | 2.27 | 2.59 | 0.00 |  |  | 54627CCE<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 5094266V | LAKE COUNTY-BANS | 09/16/2026 3.75000% |  | 5094266V9 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 9/16/2026 |  |  | 100.66 |  |  |  |  |  | LAKE COUNTY-BANS | 09/16/2026 3.75000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 15000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 400000.00 | 404480.00 | 403782.44 | 402623.76 | 402623.76 | -1158.68 | -1158.68 | 3.73 | False | 2.97 |  | 2.29 | 2.28 | 2.60 | 0.00 |  |  | 5094266V<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 54627CCF | LOUISIANA HSG CORP | 05/01/2043 3.10000% |  | 54627CCF8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | LA | LOUISIANA | USD | US DOLLAR | 5/1/2043 |  |  | 99.35 |  |  |  |  |  | LOUISIANA HSG CORP | 05/01/2043 3.10000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 750000.00 | 750000.00 | 750000.00 | 745115.70 | 745115.70 | -4884.30 | -4884.30 | 3.12 | False | 3.15 |  | 4.25 | 4.21 | 4.81 | 0.00 |  |  | 54627CCF<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 557738PP | MADISON CNTYS ETC - A | 11/01/2025 4.00000% |  | 557738PP0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 11/1/2025 |  |  | 99.99 |  |  |  |  |  | MADISON CNTYS ETC - A | 11/01/2025 4.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 800.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 20000.00 | 20040.00 | 20000.00 | 19998.33 | 19998.33 | -1.67 | -1.67 | 4.00 | False | 4.02 |  | 0.11 | 0.11 | 0.13 | 0.00 |  |  | 557738PP<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 58985FAP | MERIDIAN VLG#1-B-REF | 12/01/2034 5.00000% |  | 58985FAP8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 12/1/2034 |  |  | 111.95 |  |  |  |  |  | MERIDIAN VLG#1-B-REF | 12/01/2034 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 75000.00 | 79462.50 | 79243.68 | 83961.23 | 83961.23 | 4717.55 | 4717.55 | 4.47 | True | 2.82 |  | 0.48 | 0.47 | 0.54 | 0.00 |  |  | 58985FAP<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 592647EC | MET WASHINGTON DC AR | P 10/01/2026 5.0000 |  | 592647EC1 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | DC | DISTRICT OF COLUMBIA | USD | US DOLLAR | 10/1/2026 |  |  | 101.79 |  |  |  |  |  | MET WASHINGTON DC AR | P 10/01/2026 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 100000.00 | 102384.10 | 101466.69 | 101793.53 | 101793.53 | 326.84 | 326.84 | 4.91 | False | 3.00 |  | 0.58 | 0.58 | 0.66 | 0.00 |  |  | 592647EC<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 605128VW | MISSION TX-CTFS OBLI | G 02/15/2032 5.0000 |  | 605128VW4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 2/15/2032 |  |  | 110.60 |  |  |  |  |  | MISSION TX-CTFS OBLI | G 02/15/2032 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 100000.00 | 108057.00 | 107632.93 | 110595.16 | 110595.16 | 2962.23 | 2962.23 | 4.52 | False | 3.13 |  | 0.63 | 0.62 | 0.71 | 0.00 |  |  | 605128VW<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 60636SLM | MO DEV FIN BRD-A | 12/01/2029 5.00000% |  | 60636SLM4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 12/1/2029 |  |  | 107.20 |  |  |  |  |  | MO DEV FIN BRD-A | 12/01/2029 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 175000.00 | 184668.75 | 183679.83 | 187604.36 | 187604.36 | 3924.53 | 3924.53 | 4.66 | False | 3.11 |  | 1.07 | 1.06 | 1.21 | 0.00 |  |  | 60636SLM<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 610251FA | MONROE CUSD#4-A-REF | 01/01/2039 5.00000% |  | 610251FA3 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/1/2039 |  |  | 109.07 |  |  |  |  |  | MONROE CUSD#4-A-REF | 01/01/2039 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 25000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 500000.00 | 536540.00 | 536105.17 | 545342.80 | 545342.80 | 9237.63 | 9237.63 | 4.58 | True | 3.70 |  | 3.11 | 3.08 | 3.52 | 0.00 |  |  | 610251FA<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 61525AAF | MONTROSE REC DIST-RE | F 12/01/2030 5.0000 |  | 61525AAF2 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 12/1/2030 |  |  | 109.90 |  |  |  |  |  | MONTROSE REC DIST-RE | F 12/01/2030 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 200000.00 | 216260.00 | 215100.63 | 219808.72 | 219808.72 | 4708.09 | 4708.09 | 4.55 | False | 2.89 |  | 1.25 | 1.24 | 1.42 | 0.00 |  |  | 61525AAF<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 645438AG | NEW HOPE HGR EDU - A | 08/15/2027 4.00000% |  | 645438AG7 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 8/15/2027 |  |  | 101.29 |  |  |  |  |  | NEW HOPE HGR EDU - A | 08/15/2027 4.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 600.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 15000.00 | 15119.70 | 15079.72 | 15192.78 | 15192.78 | 113.06 | 113.06 | 3.95 | False | 3.25 |  | 0.09 | 0.09 | 0.10 | 0.00 |  |  | 645438AG<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 647207BL | NM MUNI ENERGY ACQ A | U 06/01/2054 5.0000 |  | 647207BL2 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | NM | NEW MEXICO | USD | US DOLLAR | 6/1/2054 |  |  | 107.43 |  |  |  |  |  | NM MUNI ENERGY ACQ A | U 06/01/2054 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 175000.00 | 186930.50 | 186251.95 | 188011.09 | 188011.09 | 1759.14 | 1759.14 | 4.65 | True | 3.35 |  | 1.07 | 1.06 | 1.21 | 0.00 |  |  | 647207BL<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 66442RDE | NORTHEASTERN UNIV-CO | P 07/01/2031 5.0000 |  | 66442RDE4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 7/1/2031 |  |  | 108.77 |  |  |  |  |  | NORTHEASTERN UNIV-CO | P 07/01/2031 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 400000.00 | 430940.00 | 429750.62 | 435092.00 | 435092.00 | 5341.38 | 5341.38 | 4.60 | False | 3.29 |  | 2.48 | 2.46 | 2.81 | 0.00 |  |  | 66442RDE<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 67868UHL | OK CNTY FIN AUTH | 09/01/2026 5.00000% |  | 67868UHL0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | OK | OKLAHOMA | USD | US DOLLAR | 9/1/2026 |  |  | 101.66 |  |  |  |  |  | OK CNTY FIN AUTH | 09/01/2026 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 115000.00 | 117519.00 | 116443.96 | 116909.66 | 116909.66 | 465.70 | 465.70 | 4.92 | False | 2.96 |  | 0.67 | 0.66 | 0.75 | 0.00 |  |  | 67868UHL<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 70870JGZ | PA ECO DEV FIN AUTH- | A 03/15/2060 5.0000 |  | 70870JGZ5 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 3/15/2060 |  |  | 106.65 |  |  |  |  |  | PA ECO DEV FIN AUTH- | A 03/15/2060 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 150000.00 | 159831.00 | 158564.37 | 159967.80 | 159967.80 | 1403.43 | 1403.43 | 4.69 | True | 3.16 |  | 0.91 | 0.90 | 1.03 | 0.00 |  |  | 70870JGZ<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 70342PAN | PATRIOTS ENERGY GROU | P 10/01/2054 5.2500 |  | 70342PAN4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | SC | SOUTH CAROLINA | USD | US DOLLAR | 10/1/2054 |  |  | 108.14 |  |  |  |  |  | PATRIOTS ENERGY GROU | P 10/01/2054 5.2500 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1050.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 20000.00 | 21320.80 | 21292.53 | 21627.48 | 21627.48 | 334.95 | 334.95 | 4.85 | True | 3.62 |  | 0.12 | 0.12 | 0.14 | 0.00 |  |  | 70342PAN | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 70342PAR | PATRIOTS ENERGY GROU | P 02/01/2054 5.2500 |  | 70342PAR5 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | SC | SOUTH CAROLINA | USD | US DOLLAR | 2/1/2054 |  |  | 108.70 |  |  |  |  |  | PATRIOTS ENERGY GROU | P 02/01/2054 5.2500 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22837.50 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 435000.00 | 466236.00 | 464847.90 | 472826.77 | 472826.77 | 7978.87 | 7978.87 | 4.83 | True | 3.39 |  | 2.69 | 2.67 | 3.05 | 0.00 |  |  | 70342PAR<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 70556CAB | PEFA INC GAS PROJ | 09/01/2049 5.00000% |  | 70556CAB0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | IA | IOWA | USD | US DOLLAR | 9/1/2049 |  |  | 101.36 |  |  |  |  |  | PEFA INC GAS PROJ | 09/01/2049 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 29250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 585000.00 | 595164.35 | 593326.80 | 592942.78 | 592942.78 | -384.02 | -384.02 | 4.93 | True | 3.68 |  | 3.38 | 3.35 | 3.83 | 0.00 |  |  | 70556CAB<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 700385BG | PK CREEK MET DT-A-RE | V 12/01/2036 5.0000 |  | 700385BG1 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 12/1/2036 |  |  | 108.97 |  |  |  |  |  | PK CREEK MET DT-A-RE | V 12/01/2036 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 40000.00 | 43726.80 | 43392.68 | 43589.46 | 43589.46 | 196.78 | 196.78 | 4.59 | True | 3.56 |  | 0.25 | 0.25 | 0.28 | 0.00 |  |  | 700385BG<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 733911CU | PORT CORPUS CHRISTI- | A 12/01/2025 5.0000 |  | 733911CU3 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 12/1/2025 |  |  | 100.17 |  |  |  |  |  | PORT CORPUS CHRISTI- | A 12/01/2025 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 35000.00 | 35498.75 | 35038.07 | 35059.98 | 35059.98 | 21.91 | 21.91 | 4.99 | False | 2.88 |  | 0.20 | 0.20 | 0.23 | 0.00 |  |  | 733911CU<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 735240Q5 | PORT OF PORTLAND-25B | 07/01/2038 5.00000% |  | 735240Q55 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | OR | OREGON | USD | US DOLLAR | 7/1/2038 |  |  | 102.94 |  |  |  |  |  | PORT OF PORTLAND-25B | 07/01/2038 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 120000.00 | 121544.55 | 121382.93 | 123525.17 | 123525.17 | 2142.24 | 2142.24 | 4.86 | True | 4.13 |  | 0.70 | 0.70 | 0.80 | 0.00 |  |  | 735240Q5<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 735389D5 | PORT OF SEATTLE-AMT- | A 05/01/2034 5.0000 |  | 735389D54 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 5/1/2034 |  |  | 102.43 |  |  |  |  |  | PORT OF SEATTLE-AMT- | A 05/01/2034 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 150000.00 | 153316.50 | 152398.00 | 153647.45 | 153647.45 | 1249.45 | 1249.45 | 4.88 | True | 3.32 |  | 0.88 | 0.87 | 0.99 | 0.00 |  |  | 735389D5<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 74442PH4 | PUB FIN AUTH | 11/15/2025 5.00000% |  | 74442PH40 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 11/15/2025 |  |  | 100.06 |  |  |  |  |  | PUB FIN AUTH | 11/15/2025 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 75000.00 | 75850.50 | 75037.69 | 75044.84 | 75044.84 | 7.15 | 7.15 | 5.00 | False | 3.38 |  | 0.43 | 0.42 | 0.48 | 0.00 |  |  | 74442PH4<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 762223RF | RHODE ISLAND ST-C-RE | F 08/01/2026 5.0000 |  | 762223RF4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | RI | RHODE ISLAND | USD | US DOLLAR | 8/1/2026 |  |  | 101.58 |  |  |  |  |  | RHODE ISLAND ST-C-RE | F 08/01/2026 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 215000.00 | 218394.85 | 218370.61 | 218404.18 | 218404.18 | 33.57 | 33.57 | 4.92 | False | 2.85 |  | 1.24 | 1.23 | 1.41 | 0.00 |  |  | 762223RF<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 84131TBA | S E ALABAMA ST GAS S | P 08/01/2054 5.0000 |  | 84131TBA9 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AL | ALABAMA | USD | US DOLLAR | 8/1/2054 |  |  | 108.60 |  |  |  |  |  | S E ALABAMA ST GAS S | P 08/01/2054 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 105000.00 | 110865.75 | 110300.07 | 114033.18 | 114033.18 | 3733.11 | 3733.11 | 4.60 | True | 3.47 |  | 0.65 | 0.64 | 0.74 | 0.00 |  |  | 84131TBA<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 841493DV | S E REGL MGMT DT | 04/01/2041 5.00000% |  | 841493DV8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 4/1/2041 |  |  | 102.91 |  |  |  |  |  | S E REGL MGMT DT | 04/01/2041 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 15000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 300000.00 | 301206.00 | 301154.07 | 308725.02 | 308725.02 | 7570.95 | 7570.95 | 4.86 | True | 4.27 |  | 1.76 | 1.74 | 1.99 | 0.00 |  |  | 841493DV<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 79020FAW | SAINT JOHN THE BAPTI | S 06/01/2037 4.0500 |  | 79020FAW6 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | LA | LOUISIANA | USD | US DOLLAR | 6/1/2037 |  |  | 100.71 |  |  |  |  |  | SAINT JOHN THE BAPTI | S 06/01/2037 4.0500 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13162.50 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 325000.00 | 327141.75 | 327139.76 | 327298.17 | 327298.17 | 158.41 | 158.41 | 4.02 | False | 3.97 |  | 1.86 | 1.85 | 2.11 | 0.00 |  |  | 79020FAW<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 793181KG | SAINT PETER ISD#508- | A 02/01/2039 5.0000 |  | 793181KG2 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 2/1/2039 |  |  | 106.93 |  |  |  |  |  | SAINT PETER ISD#508- | A 02/01/2039 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 60000.00 | 64209.90 | 63930.45 | 64158.34 | 64158.34 | 227.89 | 227.89 | 4.68 | True | 3.54 |  | 0.37 | 0.36 | 0.41 | 0.00 |  |  | 793181KG<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 795576ML | SALT LAKE-A-AMT | 07/01/2032 5.00000% |  | 795576ML8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | UT | UTAH | USD | US DOLLAR | 7/1/2032 |  |  | 110.23 |  |  |  |  |  | SALT LAKE-A-AMT | 07/01/2032 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 150000.00 | 161971.50 | 161528.81 | 165349.16 | 165349.16 | 3820.35 | 3820.35 | 4.54 | False | 3.28 |  | 0.94 | 0.93 | 1.07 | 0.00 |  |  | 795576ML<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 8254345Y | SHREVEPORT | 03/01/2029 5.00000% |  | 8254345Y5 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | LA | LOUISIANA | USD | US DOLLAR | 3/1/2029 |  |  | 106.79 |  |  |  |  |  | SHREVEPORT | 03/01/2029 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 75000.00 | 80132.25 | 79058.43 | 80095.98 | 80095.98 | 1037.55 | 1037.55 | 4.68 | False | 2.85 |  | 0.46 | 0.45 | 0.52 | 0.00 |  |  | 8254345Y<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 8254346V | SHREVEPORT | 03/01/2032 5.00000% |  | 8254346V0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | LA | LOUISIANA | USD | US DOLLAR | 3/1/2032 |  |  | 110.11 |  |  |  |  |  | SHREVEPORT | 03/01/2032 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6250.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 125000.00 | 133723.75 | 133193.30 | 137642.69 | 137642.69 | 4449.39 | 4449.39 | 4.54 | False | 3.22 |  | 0.78 | 0.78 | 0.89 | 0.00 |  |  | 8254346V<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 910802AL | UNITED LOCAL SCH DIS | T 12/01/2032 4.0000 |  | 910802AL1 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 12/1/2032 |  |  | 105.07 |  |  |  |  |  | UNITED LOCAL SCH DIS | T 12/01/2032 4.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 800.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 20000.00 | 20309.60 | 20263.63 | 21014.61 | 21014.61 | 750.98 | 750.98 | 3.81 | True | 2.92 |  | 0.12 | 0.12 | 0.14 | 0.00 |  |  | 910802AL<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 92823PSH | VIRIDIAN MUNI-REF | 12/01/2027 6.25000% |  | 92823PSH0 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 12/1/2027 |  |  | 106.11 |  |  |  |  |  | VIRIDIAN MUNI-REF | 12/01/2027 6.25000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3125.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 50000.00 | 54630.50 | 53100.87 | 53055.70 | 53055.70 | -45.18 | -45.18 | 5.89 | False | 3.19 |  | 0.30 | 0.30 | 0.34 | 0.00 |  |  | 92823PSH<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 93978HZW | WA HLTH CARE FACS-B | 08/01/2055 5.00000% |  | 93978HZW8 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 8/1/2055 |  |  | 107.79 |  |  |  |  |  | WA HLTH CARE FACS-B | 08/01/2055 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8750.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 175000.00 | 185174.50 | 184289.40 | 188637.38 | 188637.38 | 4347.98 | 4347.98 | 4.64 | True | 3.05 |  | 1.07 | 1.07 | 1.22 | 0.00 |  |  | 93978HZW<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 935031AG | WARREN CO-REF | 09/01/2032 4.00000% |  | 935031AG9 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | MS | MISSISSIPPI | USD | US DOLLAR | 9/1/2032 |  |  | 102.94 |  |  |  |  |  | WARREN CO-REF | 09/01/2032 4.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 150000.00 | 150000.00 | 150000.00 | 154403.43 | 154403.43 | 4403.43 | 4403.43 | 3.89 | False | 3.51 |  | 0.88 | 0.87 | 1.00 | 0.00 |  |  | 935031AG<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 941262AA | WATERBURY HSG AUTH | 07/01/2039 4.25000% |  | 941262AA5 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | CT | CONNECTICUT | USD | US DOLLAR | 7/1/2039 |  |  | 104.63 |  |  |  |  |  | WATERBURY HSG AUTH | 07/01/2039 4.25000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2550.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 60000.00 | 60000.00 | 60000.00 | 62777.03 | 62777.03 | 2777.03 | 2777.03 | 4.06 | False | 3.81 |  | 0.36 | 0.35 | 0.41 | 0.00 |  |  | 941262AA<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 944514X9 | WAYNE CO ARPT AUTH-D | 12/01/2037 5.00000% |  | 944514X94 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 12/1/2037 |  |  | 108.13 |  |  |  |  |  | WAYNE CO ARPT AUTH-D | 12/01/2037 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 30000.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 600000.00 | 659244.00 | 659117.17 | 648793.14 | 648793.14 | -10324.03 | -10324.03 | 4.62 | True | 4.01 |  | 3.70 | 3.67 | 4.19 | 0.00 |  |  | 944514X9<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 962468FG | WHATCOM CO PUD #1-A | 12/01/2030 5.00000% |  | 962468FG4 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 12/1/2030 |  |  | 108.28 |  |  |  |  |  | WHATCOM CO PUD #1-A | 12/01/2030 5.00000% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 50000.00 | 53452.00 | 53064.16 | 54141.23 | 54141.23 | 1077.07 | 1077.07 | 4.62 | False | 3.22 |  | 0.31 | 0.31 | 0.35 | 0.00 |  |  | 962468FG<br> N | MP |
| 444 | GENTER CAPITAL MUNICIPAL QUALITY | 03745TBF | WINDOW ROCK UNIF SD# | 8 07/01/2033 5.0000 |  | 03745TBF6 |  | UNGROUPED SECURITIES |  | MUNIBOND | MUNICIPAL BOND |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 7/1/2033 |  |  | 109.02 |  |  |  |  |  | WINDOW ROCK UNIF SD# | 8 07/01/2033 5.0000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3500.00 | L<br> N |  |  | 10/31/2025<br> C |  | 444;USD | USD | 70000.00 | 75512.70 | 75068.02 | 76315.90 | 76315.90 | 1247.88 | 1247.88 | 4.59 | True | 3.47 |  | 0.43 | 0.43 | 0.49 | 0.00 |  |  | 03745TBF<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 Municipal Quality Intermediate ETF

- **b. EDGAR series identifier (if any):** S000084933

- **c. LEI of Series:** 52990007V4QWGFCEZW48

**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:** $17697131.73

**Total Liabilities:** $2200961.20

**Net Assets:** $15496170.53

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** 0.01 | **5-Year:** 0.01 | **10-Year:** 0.01 | **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 C000249690 | 0.87%                | 0.89%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2268.37                 | $51128.09                                  |
| Month 2  | $-0.18                   | $48524.03                                  |
| Month 3  | $3302.13                 | $-6801.48                                  |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond 5 Year (4-6) Total Return Index

- **Index Identifier:** LM05TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RICHMOND REDEV HSG-F | ABS      | CUSIP: 76543FAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |     39630 | NS      | $42251.10     | 0.27%             | 2040-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fidelity Investments | MONEYMKT | CUSIP: 316175108<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | STIV             |  | US        |   2442401 | NS      | $2442400.67   | 15.76%            |  |  |  | No            |                  1 | On Loan: No      |
| ALACHUA CO HLTH-B-3  | MUNIBOND | CUSIP: 010684BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | NS      | $300575.73    | 1.94%             | 2030-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| AK MUNI BOND BANK-TW | MUNIBOND | CUSIP: 01179R6F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | NS      | $181409.92    | 1.17%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINDOW ROCK UNIF SD# | MUNIBOND | CUSIP: 03745TBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | NS      | $76315.90     | 0.49%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZ INDL DEV AUTH -A  | MUNIBOND | CUSIP: 04052VAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | NS      | $42244.78     | 0.27%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HIER ED-RI | MUNIBOND | CUSIP: 0418066Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | NS      | $178166.36    | 1.15%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HGR EDU-A  | MUNIBOND | CUSIP: 041806MH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | NS      | $20230.70     | 0.13%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN AFFORDABLE PF | MUNIBOND | CUSIP: 05217TAZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | NS      | $298473.78    | 1.93%             | 2059-11-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| BENTON WASHINGTON WT | MUNIBOND | CUSIP: 083389GH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | NS      | $40925.82     | 0.26%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GA | MUNIBOND | CUSIP: 09182RAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | NS      | $49996.84     | 0.32%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GA | MUNIBOND | CUSIP: 09182TAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | NS      | $80508.93     | 0.52%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GA | MUNIBOND | CUSIP: 09182TAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | NS      | $376482.04    | 2.43%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BRADLEY VLG          | MUNIBOND | CUSIP: 104575CP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | NS      | $38909.78     | 0.25%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CO           | MUNIBOND | CUSIP: 11506KHK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | NS      | $441928.40    | 2.85%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN AUT-B-AM | MUNIBOND | CUSIP: 13048RAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | NS      | $198072.50    | 1.28%             | 2050-09-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY | MUNIBOND | CUSIP: 154871CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | NS      | $211299.24    | 1.36%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER INDL DEV-2  | MUNIBOND | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | NS      | $142713.42    | 0.92%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO-REV          | MUNIBOND | CUSIP: 167570TW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | NS      | $170853.06    | 1.10%             | 2028-10-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| COLUMBUS HSG AUTH    | MUNIBOND | CUSIP: 199123CN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | NS      | $153904.19    | 0.99%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COPPERLEAF MET DIST# | MUNIBOND | CUSIP: 21765KAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | NS      | $106797.72    | 0.69%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CO INDL-A | MUNIBOND | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | NS      | $84812.24     | 0.55%             | 2027-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CO IND-AM | MUNIBOND | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | NS      | $199919.68    | 1.29%             | 2027-12-01      | Variable      | 3.13%                 | No            |                  2 | On Loan: No      |
| FL HSG FIN CORP-Q-2  | MUNIBOND | CUSIP: 34074HHP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | NS      | $298897.02    | 1.93%             | 2028-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORT WORTH           | MUNIBOND | CUSIP: 349507EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | NS      | $340081.77    | 2.19%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH CON | MUNIBOND | CUSIP: 353174JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | NS      | $125219.48    | 0.81%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GADSDEN-A-WARRANTS   | MUNIBOND | CUSIP: 362460WE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | NS      | $164830.59    | 1.06%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND TRAVERSE HOSP  | MUNIBOND | CUSIP: 386523JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | NS      | $195370.15    | 1.26%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREATER CLARK-B      | MUNIBOND | CUSIP: 39167GNQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | NS      | $421597.92    | 2.72%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY | MUNIBOND | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | NS      | $70729.04     | 0.46%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOPE-REV             | MUNIBOND | CUSIP: 439397AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | NS      | $213259.42    | 1.38%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HORIZON REGL MUD     | MUNIBOND | CUSIP: 44044TRY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | NS      | $71112.50     | 0.46%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IL HSG DEV AUTH      | MUNIBOND | CUSIP: 45203LFC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | NS      | $399687.40    | 2.58%             | 2029-02-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH-RE | MUNIBOND | CUSIP: 45204EYS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | NS      | $20095.91     | 0.13%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IN HSG & CMNTY DEV-A | MUNIBOND | CUSIP: 45506CBV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | NS      | $347931.29    | 2.25%             | 2029-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS LOCAL-B | MUNIBOND | CUSIP: 45528VFX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | NS      | $173805.12    | 1.12%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JENISON PUB SCHS-I   | MUNIBOND | CUSIP: 476034TU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | NS      | $27364.37     | 0.18%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOPLIN INDL DEV-REF  | MUNIBOND | CUSIP: 480639DC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | NS      | $64471.17     | 0.42%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUFMAN CO MUD #3-A  | MUNIBOND | CUSIP: 48620AEG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | NS      | $57403.24     | 0.37%             | 2032-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LAKE COUNTY-BANS     | MUNIBOND | CUSIP: 5094266V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | NS      | $402623.76    | 2.60%             | 2026-09-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LA HSG CORP          | MUNIBOND | CUSIP: 54627CCE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | NS      | $400933.48    | 2.59%             | 2045-10-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG CORP   | MUNIBOND | CUSIP: 54627CCF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | NS      | $745115.70    | 4.81%             | 2043-05-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| MADISON CNTYS ETC -A | MUNIBOND | CUSIP: 557738PP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | NS      | $19998.33     | 0.13%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERIDIAN VLG#1-B-REF | MUNIBOND | CUSIP: 58985FAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | NS      | $83961.23     | 0.54%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC AR | MUNIBOND | CUSIP: 592647EC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | NS      | $101793.53    | 0.66%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX-CTFS OBLI | MUNIBOND | CUSIP: 605128VW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | NS      | $110595.16    | 0.71%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MO DEV FIN BRD-A     | MUNIBOND | CUSIP: 60636SLM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | NS      | $187604.36    | 1.21%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CUSD#4-A-REF  | MUNIBOND | CUSIP: 610251FA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | NS      | $545342.80    | 3.52%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTROSE REC DIST-RE | MUNIBOND | CUSIP: 61525AAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | NS      | $219808.72    | 1.42%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE HGR EDU -A  | MUNIBOND | CUSIP: 645438AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | NS      | $15192.78     | 0.10%             | 2027-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NM MUNI ENERGY ACQ A | MUNIBOND | CUSIP: 647207BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | NS      | $188011.09    | 1.21%             | 2054-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DASNY-B-1            | MUNIBOND | CUSIP: 64985SNR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | NS      | $249772.60    | 1.61%             | 2030-11-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| NORTHEASTERN UNIV-CO | MUNIBOND | CUSIP: 66442RDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | NS      | $435092.00    | 2.81%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OK CNTY FIN AUTH     | MUNIBOND | CUSIP: 67868UHL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | NS      | $116909.66    | 0.75%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PK CREEK MET DT-A-RE | MUNIBOND | CUSIP: 700385BG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | NS      | $43589.46     | 0.28%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROU | MUNIBOND | CUSIP: 70342PAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | NS      | $21627.48     | 0.14%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROU | MUNIBOND | CUSIP: 70342PAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | NS      | $472826.77    | 3.05%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PEFA INC GAS PROJ    | MUNIBOND | CUSIP: 70556CAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | NS      | $592942.78    | 3.83%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PA ECO DEV FIN AUTH- | MUNIBOND | CUSIP: 70870JGZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | NS      | $159967.80    | 1.03%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT CORPUS CHRISTI- | MUNIBOND | CUSIP: 733911CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | NS      | $35059.98     | 0.23%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND-25B | MUNIBOND | CUSIP: 735240Q55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | NS      | $123525.17    | 0.80%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE-AMT- | MUNIBOND | CUSIP: 735389D54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | NS      | $153647.45    | 0.99%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KY PUB ENERGY AUTH-A | MUNIBOND | CUSIP: 74440DFN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | NS      | $581782.05    | 3.75%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH         | MUNIBOND | CUSIP: 74442PH40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | NS      | $75044.84     | 0.48%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST-C-RE | MUNIBOND | CUSIP: 762223RF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | NS      | $218404.18    | 1.41%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTI | MUNIBOND | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | NS      | $327298.17    | 2.11%             | 2037-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| SAINT PETER ISD#508- | MUNIBOND | CUSIP: 793181KG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | NS      | $64158.34     | 0.41%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE-A-AMT      | MUNIBOND | CUSIP: 795576ML8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | NS      | $165349.16    | 1.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT           | MUNIBOND | CUSIP: 8254345Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | NS      | $80095.98     | 0.52%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT           | MUNIBOND | CUSIP: 8254346V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | NS      | $137642.69    | 0.89%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS S | MUNIBOND | CUSIP: 84131TBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | NS      | $114033.18    | 0.74%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S E REGL MGMT DT     | MUNIBOND | CUSIP: 841493DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | NS      | $308725.02    | 1.99%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED LOCAL SCH DIS | MUNIBOND | CUSIP: 910802AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | NS      | $21014.61     | 0.14%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN MUNI-REF    | MUNIBOND | CUSIP: 92823PSH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | NS      | $53055.70     | 0.34%             | 2027-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WARREN CO-REF        | MUNIBOND | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | NS      | $154403.43    | 1.00%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WA HLTH CARE FACS-B  | MUNIBOND | CUSIP: 93978HZW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | NS      | $188637.38    | 1.22%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WATERBURY HSG AUTH   | MUNIBOND | CUSIP: 941262AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | NS      | $62777.03     | 0.41%             | 2039-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WAYNE CO ARPT AUTH-D | MUNIBOND | CUSIP: 944514X94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | NS      | $648793.14    | 4.19%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHATCOM CO PUD #1-A  | MUNIBOND | CUSIP: 962468FG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | NS      | $54141.23     | 0.35%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-10

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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