# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0001387131-23-002189
**Filing Date:** 2023-2
**Character Count:** 53802
**Document Hash:** 089a81ce9fafe6be72e5cf2fa77b7b81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002189.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001387131-23-002189

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**PERIOD START**: 20230630

**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:** 23641194

**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

### UVA Dividend Value ETF (Series ID: S000057346)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000183026 | UVA Dividend Value ETF | UVDV            |

## 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 | 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 |
| 427 | UVA Dividend Value ETF | MMM | 3M Co |  |  | 88579Y101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 1/0/1900 |  |  | 119.92 |  |  |  |  |  | 3M Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9448.60 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1588.00 | 276825.48 | 276825.48 | 190432.96 | 190432.96 | -86392.52 | -86392.52 | 4.96 | False | 0.00 | N/A | 1.05 | 1.04 | 1.05 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | ATVI | Activision Blizzard | Inc |  | 00507V109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 76.55 |  |  |  |  |  | Activision Blizzard | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 806.99 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1717.00 | 118574.02 | 118574.02 | 131436.35 | 131436.35 | 12862.33 | 12862.33 | 0.61 | False | 0.00 | N/A | 0.73 | 0.72 | 0.73 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | MO | Altria Group Inc |  |  | 02209S103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 45.71 |  |  |  |  |  | Altria Group Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 36480.08 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 10022.00 | 482848.50 | 482848.50 | 458105.62 | 458105.62 | -24742.88 | -24742.88 | 7.96 | False | 0.00 | N/A | 2.53 | 2.51 | 2.54 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | AMT | American Tower Corp |  |  | 03027X100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 211.86 |  |  |  |  |  | American Tower Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3568.74 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 609.00 | 162438.81 | 162438.81 | 129022.74 | 129022.74 | -33416.07 | -33416.07 | 2.77 | False | 0.00 | N/A | 0.71 | 0.71 | 0.71 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | AMGN | Amgen Inc |  |  | 031162100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 262.64 |  |  |  |  |  | Amgen Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14860.40 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1915.00 | 430972.82 | 430972.82 | 502955.60 | 502955.60 | 71982.78 | 71982.78 | 2.95 | False | 0.00 | N/A | 2.78 | 2.76 | 2.79 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | ADM | Archer-Daniels-Midla | nd Co |  | 039483102 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 92.85 |  |  |  |  |  | Archer-Daniels-Midla | nd Co |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3300.80 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2063.00 | 183599.30 | 183599.30 | 191549.55 | 191549.55 | 7950.25 | 7950.25 | 1.72 | False | 0.00 | N/A | 1.06 | 1.05 | 1.06 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | BX | Blackstone Inc. |  |  | 09260D107 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 74.19 |  |  |  |  |  | Blackstone Inc. |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12251.20 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2480.00 | 273428.93 | 273428.93 | 183991.20 | 183991.20 | -89437.73 | -89437.73 | 6.66 | False | 0.00 | N/A | 1.02 | 1.01 | 1.02 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | BMY | Bristol-Myers Squibb | Co |  | 110122108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 71.95 |  |  |  |  |  | Bristol-Myers Squibb | Co |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10409.04 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 4819.00 | 296499.99 | 296499.99 | 346727.05 | 346727.05 | 50227.06 | 50227.06 | 3.00 | False | 0.00 | N/A | 1.91 | 1.90 | 1.92 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | AVGO | Broadcom Inc |  |  | 11135F101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 559.13 |  |  |  |  |  | Broadcom Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3971.50 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 235.00 | 139835.25 | 139835.25 | 131395.55 | 131395.55 | -8439.70 | -8439.70 | 3.02 | False | 0.00 | N/A | 0.73 | 0.72 | 0.73 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | CHK | Chesapeake Energy | Corp |  | 165167735 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OK | OKLAHOMA | USD | US DOLLAR | 1/0/1900 |  |  | 94.37 |  |  |  |  |  | Chesapeake Energy | Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23661.95 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2468.00 | 254231.39 | 254231.39 | 232905.16 | 232905.16 | -21326.23 | -21326.23 | 10.16 | False | 0.00 | N/A | 1.29 | 1.28 | 1.29 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | CVX | Chevron Corp |  |  | 166764100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 179.49 |  |  |  |  |  | Chevron Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9809.36 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1727.00 | 222162.48 | 222162.48 | 309979.23 | 309979.23 | 87816.75 | 87816.75 | 3.16 | False | 0.00 | N/A | 1.71 | 1.70 | 1.72 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | CINF | Cincinnati Financial | Corp |  | 172062101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 102.39 |  |  |  |  |  | Cincinnati Financial | Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4253.16 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1541.00 | 181284.03 | 181284.03 | 157782.99 | 157782.99 | -23501.04 | -23501.04 | 2.70 | False | 0.00 | N/A | 0.87 | 0.87 | 0.87 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | C | Citigroup Inc |  |  | 172967424 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 45.23 |  |  |  |  |  | Citigroup Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13596.60 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 6665.00 | 420814.58 | 420814.58 | 301457.95 | 301457.95 | -119356.63 | -119356.63 | 4.51 | False | 0.00 | N/A | 1.66 | 1.65 | 1.67 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | CLX | Clorox Co/The |  |  | 189054109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 140.33 |  |  |  |  |  | Clorox Co/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7436.52 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1589.00 | 269656.97 | 269656.97 | 222984.37 | 222984.37 | -46672.60 | -46672.60 | 3.33 | False | 0.00 | N/A | 1.23 | 1.22 | 1.24 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | KO | Coca-Cola Co/The |  |  | 191216100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 63.61 |  |  |  |  |  | Coca-Cola Co/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6665.12 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 3787.00 | 227080.21 | 227080.21 | 240891.07 | 240891.07 | 13810.86 | 13810.86 | 2.77 | False | 0.00 | N/A | 1.33 | 1.32 | 1.33 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | STZ | CONSTELLATION BRANDS | INC |  | 21036P108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 231.75 |  |  |  |  |  | CONSTELLATION BRANDS | INC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3352.76 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1061.00 | 262779.97 | 262779.97 | 245886.75 | 245886.75 | -16893.22 | -16893.22 | 1.36 | False | 0.00 | N/A | 1.36 | 1.35 | 1.36 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | DVN | Devon Energy Corp |  |  | 25179M103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OK | OKLAHOMA | USD | US DOLLAR | 1/0/1900 |  |  | 61.51 |  |  |  |  |  | Devon Energy Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13802.92 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2962.00 | 164680.39 | 164680.39 | 182192.62 | 182192.62 | 17512.23 | 17512.23 | 7.58 | False | 0.00 | N/A | 1.01 | 1.00 | 1.01 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | DOW | DOW CHEMICALS |  |  | 260557103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 50.39 |  |  |  |  |  | DOW CHEMICALS |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9576.00 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 3420.00 | 201861.78 | 201861.78 | 172333.80 | 172333.80 | -29527.98 | -29527.98 | 5.56 | False | 0.00 | N/A | 0.95 | 0.94 | 0.95 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | EA | Electronic Arts Inc |  |  | 285512109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 122.18 |  |  |  |  |  | Electronic Arts Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1084.10 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1465.00 | 187280.09 | 187280.09 | 178993.70 | 178993.70 | -8286.39 | -8286.39 | 0.61 | False | 0.00 | N/A | 0.99 | 0.98 | 0.99 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | ENB | Enbridge Inc |  |  | 29250N105 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 39.10 |  |  |  |  |  | Enbridge Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14661.28 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 4262.00 | 191993.80 | 191993.80 | 166644.20 | 166644.20 | -25349.60 | -25349.60 | 8.80 | False | 0.00 | N/A | 0.92 | 0.91 | 0.92 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | GEN | Gen Digital, Inc. |  |  | 668771108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 21.43 |  |  |  |  |  | Gen Digital, Inc. |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2079.00 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 4158.00 | 107831.45 | 107831.45 | 89105.94 | 89105.94 | -18725.51 | -18725.51 | 2.33 | False | 0.00 | N/A | 0.49 | 0.49 | 0.49 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | GNRC | Generac Holdings Inc |  |  | 368736104 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 1/0/1900 |  |  | 100.66 |  |  |  |  |  | Generac Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 988.00 | 162061.78 | 162061.78 | 99452.08 | 99452.08 | -62609.70 | -62609.70 | 0.00 | False | 0.00 | N/A | 0.55 | 0.55 | 0.55 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | GD | General Dynamics Cor | p |  | 369550108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 248.11 |  |  |  |  |  | General Dynamics Cor | p |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6764.17 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1361.00 | 287202.47 | 287202.47 | 337677.71 | 337677.71 | 50475.24 | 50475.24 | 2.00 | False | 0.00 | N/A | 1.86 | 1.85 | 1.87 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | GE | General Electric Co |  |  | 369604301 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 83.79 |  |  |  |  |  | General Electric Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 641.28 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2004.00 | 180765.21 | 180765.21 | 167915.16 | 167915.16 | -12850.05 | -12850.05 | 0.38 | False | 0.00 | N/A | 0.93 | 0.92 | 0.93 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | GLNCY | GLENCORE PLC-UNSP | ADR |  | 37827X100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | JE | JERSEY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 13.32 |  |  |  |  |  | GLENCORE PLC-UNSP | ADR |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21810.76 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 29474.00 | 382895.81 | 382895.81 | 392593.68 | 392593.68 | 9697.87 | 9697.87 | 5.56 | False | 0.00 | N/A | 2.17 | 2.15 | 2.17 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | HBI | Hanesbrands Inc |  |  | 410345102 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 1/0/1900 |  |  | 6.36 |  |  |  |  |  | Hanesbrands Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5611.20 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 9352.00 | 154706.99 | 154706.99 | 59478.72 | 59478.72 | -95228.27 | -95228.27 | 9.43 | False | 0.00 | N/A | 0.33 | 0.33 | 0.33 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | HEI | HEICO Corp |  |  | 422806109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 1/0/1900 |  |  | 153.64 |  |  |  |  |  | HEICO Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 164.34 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 913.00 | 139825.41 | 139825.41 | 140273.32 | 140273.32 | 447.91 | 447.91 | 0.12 | False | 0.00 | N/A | 0.77 | 0.77 | 0.78 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | HSY | Hershey Co/The |  |  | 427866108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 231.57 |  |  |  |  |  | Hershey Co/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2467.74 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 637.00 | 136941.43 | 136941.43 | 147510.09 | 147510.09 | 10568.66 | 10568.66 | 1.67 | False | 0.00 | N/A | 0.81 | 0.81 | 0.82 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | HRL | Hormel Foods Corp |  |  | 440452100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 1/0/1900 |  |  | 45.55 |  |  |  |  |  | Hormel Foods Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2104.96 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2024.00 | 93819.38 | 93819.38 | 92193.20 | 92193.20 | -1626.18 | -1626.18 | 2.28 | False | 0.00 | N/A | 0.51 | 0.51 | 0.51 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | HPP | Hudson Pacific Prope | rties Inc |  | 444097109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 9.73 |  |  |  |  |  | Hudson Pacific Prope | rties Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16337.00 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 16337.00 | 410263.77 | 410263.77 | 158959.01 | 158959.01 | -251304.76 | -251304.76 | 10.28 | False | 0.00 | N/A | 0.88 | 0.87 | 0.88 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | HII | Huntington Ingalls I | ndustries Inc |  | 446413106 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 230.68 |  |  |  |  |  | Huntington Ingalls I | ndustries Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5654.74 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1183.00 | 229581.45 | 229581.45 | 272894.44 | 272894.44 | 43312.99 | 43312.99 | 2.07 | False | 0.00 | N/A | 1.51 | 1.50 | 1.51 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | IP | International Paper | Co |  | 460146103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 1/0/1900 |  |  | 34.63 |  |  |  |  |  | International Paper | Co |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7692.30 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 4158.00 | 197936.05 | 197936.05 | 143991.54 | 143991.54 | -53944.51 | -53944.51 | 5.34 | False | 0.00 | N/A | 0.79 | 0.79 | 0.80 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | JNJ | Johnson & Johnson |  |  | 478160104 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 176.65 |  |  |  |  |  | Johnson & Johnson |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11009.30 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2474.00 | 418781.30 | 418781.30 | 437032.10 | 437032.10 | 18250.80 | 18250.80 | 2.52 | False | 0.00 | N/A | 2.41 | 2.40 | 2.42 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | KMI | Kinder Morgan Inc/DE |  |  | 49456B101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 18.08 |  |  |  |  |  | Kinder Morgan Inc/DE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11424.11 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 10362.00 | 168845.68 | 168845.68 | 187344.96 | 187344.96 | 18499.28 | 18499.28 | 6.10 | False | 0.00 | N/A | 1.03 | 1.03 | 1.04 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | KLAC | KLA-Tencor Corp |  |  | 482480100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 377.03 |  |  |  |  |  | KLA-Tencor Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4855.10 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1033.00 | 372889.13 | 372889.13 | 389471.99 | 389471.99 | 16582.86 | 16582.86 | 1.25 | False | 0.00 | N/A | 2.15 | 2.14 | 2.16 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | LRCX | Lam Research Corp |  |  | 512807108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 420.30 |  |  |  |  |  | Lam Research Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1338.38 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 215.00 | 145325.18 | 145325.18 | 90364.50 | 90364.50 | -54960.68 | -54960.68 | 1.48 | False | 0.00 | N/A | 0.50 | 0.50 | 0.50 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | LDOS | Leidos Holdings Inc |  |  | 525327102 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 105.19 |  |  |  |  |  | Leidos Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2816.64 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1956.00 | 186293.81 | 186293.81 | 205751.64 | 205751.64 | 19457.83 | 19457.83 | 1.37 | False | 0.00 | N/A | 1.14 | 1.13 | 1.14 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | LMT | Lockheed Martin Corp |  |  | 539830109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 486.49 |  |  |  |  |  | Lockheed Martin Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13315.20 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1168.00 | 447211.60 | 447211.60 | 568220.32 | 568220.32 | 121008.72 | 121008.72 | 2.34 | False | 0.00 | N/A | 3.14 | 3.12 | 3.15 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | MCD | McDonald's Corp |  |  | 580135101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 263.53 |  |  |  |  |  | McDonald's Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4018.56 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 728.00 | 186532.93 | 186532.93 | 191849.84 | 191849.84 | 5316.91 | 5316.91 | 2.09 | False | 0.00 | N/A | 1.06 | 1.05 | 1.06 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | MDT | Medtronic PLC |  |  | G5960L103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 77.72 |  |  |  |  |  | Medtronic PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4626.92 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1766.00 | 182089.78 | 182089.78 | 137253.52 | 137253.52 | -44836.26 | -44836.26 | 3.37 | False | 0.00 | N/A | 0.76 | 0.75 | 0.76 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | MKSI | MKS Instruments Inc |  |  | 55306N104 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 84.73 |  |  |  |  |  | MKS Instruments Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1080.64 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1228.00 | 184671.17 | 184671.17 | 104048.44 | 104048.44 | -80622.73 | -80622.73 | 1.04 | False | 0.00 | N/A | 0.57 | 0.57 | 0.58 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | MOS | Mosaic Co/The |  |  | 61945C103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MN | MINNESOTA | USD | US DOLLAR | 1/0/1900 |  |  | 43.87 |  |  |  |  |  | Mosaic Co/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1408.88 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2890.00 | 183811.63 | 183811.63 | 126784.30 | 126784.30 | -57027.33 | -57027.33 | 1.11 | False | 0.00 | N/A | 0.70 | 0.70 | 0.70 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | NWL | Newell Brands Inc |  |  | 651229106 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 13.08 |  |  |  |  |  | Newell Brands Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8696.76 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 9453.00 | 216126.15 | 216126.15 | 123645.24 | 123645.24 | -92480.91 | -92480.91 | 7.03 | False | 0.00 | N/A | 0.68 | 0.68 | 0.68 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | NEM | Newmont Corp. |  |  | 651639106 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 1/0/1900 |  |  | 47.20 |  |  |  |  |  | Newmont Corp. |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12236.40 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 5562.00 | 323224.07 | 323224.07 | 262526.40 | 262526.40 | -60697.67 | -60697.67 | 4.66 | False | 0.00 | N/A | 1.45 | 1.44 | 1.45 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | NXPI | NXP Semiconductors N | V |  | N6596X109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | NLG | NETHERLANDS |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 158.03 |  |  |  |  |  | NXP Semiconductors N | V |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2800.14 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 904.00 | 186021.31 | 186021.31 | 142859.12 | 142859.12 | -43162.19 | -43162.19 | 1.96 | False | 0.00 | N/A | 0.79 | 0.78 | 0.79 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | PEP | PepsiCo Inc |  |  | 713448108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 180.66 |  |  |  |  |  | PepsiCo Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5019.60 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1128.00 | 191670.64 | 191670.64 | 203784.48 | 203784.48 | 12113.84 | 12113.84 | 2.46 | False | 0.00 | N/A | 1.12 | 1.12 | 1.13 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | PFE | Pfizer Inc |  |  | 717081103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 51.24 |  |  |  |  |  | Pfizer Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9447.78 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 5942.00 | 312909.32 | 312909.32 | 304468.08 | 304468.08 | -8441.24 | -8441.24 | 3.10 | False | 0.00 | N/A | 1.68 | 1.67 | 1.69 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | PCH | PotlatchDeltic Corp |  |  | 737630103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 1/0/1900 |  |  | 43.99 |  |  |  |  |  | PotlatchDeltic Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10955.52 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1902.00 | 107589.99 | 107589.99 | 83668.98 | 83668.98 | -23921.01 | -23921.01 | 13.09 | False | 0.00 | N/A | 0.46 | 0.46 | 0.46 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | PG | Procter & Gamble Co/ | The |  | 742718109 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 151.56 |  |  |  |  |  | Procter & Gamble Co/ | The |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5562.55 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1541.00 | 242865.89 | 242865.89 | 233553.96 | 233553.96 | -9311.93 | -9311.93 | 2.38 | False | 0.00 | N/A | 1.29 | 1.28 | 1.29 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | QCOM | QUALCOMM Inc |  |  | 747525103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 109.94 |  |  |  |  |  | QUALCOMM Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3383.38 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1183.00 | 212085.21 | 212085.21 | 130059.02 | 130059.02 | -82026.19 | -82026.19 | 2.60 | False | 0.00 | N/A | 0.72 | 0.71 | 0.72 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | SWKS | Skyworks Solutions I | nc |  | 83088M102 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 91.13 |  |  |  |  |  | Skyworks Solutions I | nc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3214.32 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1362.00 | 186666.93 | 186666.93 | 124119.06 | 124119.06 | -62547.87 | -62547.87 | 2.59 | False | 0.00 | N/A | 0.69 | 0.68 | 0.69 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | SNA | Snap-on Inc |  |  | 833034101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 1/0/1900 |  |  | 228.49 |  |  |  |  |  | Snap-on Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11260.20 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 1915.00 | 416938.22 | 416938.22 | 437558.35 | 437558.35 | 20620.13 | 20620.13 | 2.57 | False | 0.00 | N/A | 2.42 | 2.40 | 2.42 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | TROW | T Rowe Price Group I | nc |  | 74144T108 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 109.06 |  |  |  |  |  | T Rowe Price Group I | nc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1881.36 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 402.00 | 75562.78 | 75562.78 | 43842.12 | 43842.12 | -31720.66 | -31720.66 | 4.29 | False | 0.00 | N/A | 0.24 | 0.24 | 0.24 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | TSLA | Tesla Inc |  |  | 88160R101 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 123.18 |  |  |  |  |  | Tesla Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 348.00 | 91978.76 | 91978.76 | 42866.64 | 42866.64 | -49112.12 | -49112.12 | 0.00 | False | 0.00 | N/A | 0.24 | 0.24 | 0.24 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | TSN | Tyson Foods Inc |  |  | 902494103 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AR | ARKANSAS | USD | US DOLLAR | 1/0/1900 |  |  | 62.25 |  |  |  |  |  | Tyson Foods Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3792.54 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 2039.00 | 183857.88 | 183857.88 | 126927.75 | 126927.75 | -56930.13 | -56930.13 | 2.99 | False | 0.00 | N/A | 0.70 | 0.70 | 0.70 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | VZ | Verizon Communicatio | ns Inc |  | 92343V104 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 39.40 |  |  |  |  |  | Verizon Communicatio | ns Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10696.46 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 4158.00 | 216451.58 | 216451.58 | 163825.20 | 163825.20 | -52626.38 | -52626.38 | 6.53 | False | 0.00 | N/A | 0.90 | 0.90 | 0.91 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | WEN | Wendy's Co/The |  |  | 95058W100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 22.63 |  |  |  |  |  | Wendy's Co/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5105.00 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 10210.00 | 232829.65 | 232829.65 | 231052.30 | 231052.30 | -1777.35 | -1777.35 | 2.21 | False | 0.00 | N/A | 1.28 | 1.27 | 1.28 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | WMB | Williams Cos Inc/The |  |  | 969457100 | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OK | OKLAHOMA | USD | US DOLLAR | 1/0/1900 |  |  | 32.90 |  |  |  |  |  | Williams Cos Inc/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16620.84 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 9864.00 | 300809.86 | 300809.86 | 324525.60 | 324525.60 | 23715.74 | 23715.74 | 5.12 | False | 0.00 | N/A | 1.79 | 1.78 | 1.80 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | EPV | ProShares UltraShort | FTSE Europe |  | 74348A434 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 12.77 |  |  |  |  |  | ProShares UltraShort | FTSE Europe |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6.10 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 9868.00 | 191313.57 | 191313.57 | 126014.36 | 126014.36 | -65299.21 | -65299.21 | 0.00 | False | 0.00 | N/A | 0.70 | 0.69 | 0.70 | 0.00 |  | I5P8CWQ9REYR8K9HN560 |
| 427 | UVA Dividend Value ETF | TWM | PROSHARES ULTRASHORT | R2000 |  | 74347G689 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 16.59 |  |  |  |  |  | PROSHARES ULTRASHORT | R2000 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 15788.00 | 288929.94 | 288929.94 | 261922.92 | 261922.92 | -27007.02 | -27007.02 | 0.00 | False | 0.00 | N/A | 1.45 | 1.44 | 1.45 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | EPD | Enterprise Products | Partners LP |  | 293792107 | UNGROUPED SECURITIES |  | MLP | LIMITED PARTNERSHIP |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 24.12 |  |  |  |  |  | Enterprise Products | Partners LP |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 18696.60 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 9945.00 | 242118.82 | 236795.03 | 239873.40 | 239873.40 | 3078.37 | 3078.37 | 7.79 | False | 0.00 | N/A | 1.32 | 1.32 | 1.33 | 0.00 |  |  |
| 427 | UVA Dividend Value ETF | DARXX | DREYFUS TR SEC | CSH MGMT |  | 261941306 | UNGROUPED SECURITIES |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/1/2023 |  |  | 100.00 |  |  |  |  |  | DREYFUS TR SEC | CSH MGMT |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 200495.96 | L<br> N |  |  | 1/3/2023<br> C |  | 427;USD | USD | 5290131.00 | 5290131.00 | 5290131.00 | 5290131.00 | 5290131.00 | 0.00 | 0.00 | 3.79 | False | 0.00 | N/A | 29.20 | 29.01 | 29.30 | 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:** UVA Dividend Value ETF

- **c. LEI of Series:** 549300GCRNBYZWDG4R15

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $18237088.51

**Total Liabilities:** $183694.85

**Net Assets:** $18053393.66

**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 C000183026 | 7.08%                | 3.35%                | -2.76%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-29154.76               | $1270397.43                                |
| Month 2  | $-172750.76              | $680226.49                                 |
| Month 3  | $-40610.62               | $-522791.78                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Archer-Daniels-Midla | COMMSTCK | CUSIP: 039483102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2063 | NS      | $191549.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc            | COMMSTCK | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1915 | NS      | $502955.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp  | COMMSTCK | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |       609 | NS      | $129022.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard  | COMMSTCK | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      1717 | NS      | $131436.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc         | COMMSTCK | CUSIP: 11135F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       235 | NS      | $131395.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb | COMMSTCK | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      4819 | NS      | $346727.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc.      | COMMSTCK | CUSIP: 09260D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2480 | NS      | $183991.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc        | COMMSTCK | CUSIP: 172967424<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6665 | NS      | $301457.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy    | COMMSTCK | CUSIP: 165167735<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2468 | NS      | $232905.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial | COMMSTCK | CUSIP: 172062101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1541 | NS      | $157782.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The        | COMMSTCK | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      1589 | NS      | $222984.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp         | COMMSTCK | CUSIP: 166764100<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | EC               | CORP              | US        |      1727 | NS      | $309979.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW CHEMICALS        | COMMSTCK | CUSIP: 260557103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3420 | NS      | $172333.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp    | COMMSTCK | CUSIP: 25179M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2962 | NS      | $182192.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc  | COMMSTCK | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1465 | NS      | $178993.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc         | COMMSTCK | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      4262 | NS      | $166644.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Cor | COMMSTCK | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1361 | NS      | $337677.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co  | COMMSTCK | CUSIP: 369604301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2004 | NS      | $167915.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc.     | COMMSTCK | CUSIP: 668771108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4158 | NS      | $89105.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE PLC-UNSP    | COMMSTCK | CUSIP: 37827X100<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     29474 | NS      | $392593.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc | COMMSTCK | CUSIP: 368736104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       988 | NS      | $99452.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc      | COMMSTCK | CUSIP: 410345102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9352 | NS      | $59478.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp           | COMMSTCK | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       913 | NS      | $140273.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls I | COMMSTCK | CUSIP: 446413106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1183 | NS      | $272894.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Prope | COMMSTCK | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16337 | NS      | $158959.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp    | COMMSTCK | CUSIP: 440452100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2024 | NS      | $92193.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The       | COMMSTCK | CUSIP: 427866108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       637 | NS      | $147510.09    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper  | COMMSTCK | CUSIP: 460146103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4158 | NS      | $143991.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson    | COMMSTCK | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2474 | NS      | $437032.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA-Tencor Corp      | COMMSTCK | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1033 | NS      | $389471.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc/DE | COMMSTCK | CUSIP: 49456B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10362 | NS      | $187344.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The     | COMMSTCK | CUSIP: 191216100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3787 | NS      | $240891.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc  | COMMSTCK | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      1956 | NS      | $205751.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp | COMMSTCK | CUSIP: 539830109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1168 | NS      | $568220.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp    | COMMSTCK | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       215 | NS      | $90364.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp      | COMMSTCK | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       728 | NS      | $191849.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC        | COMMSTCK | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1766 | NS      | $137253.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc  | COMMSTCK | CUSIP: 55306N104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1228 | NS      | $104048.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                | COMMSTCK | CUSIP: 88579Y101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1588 | NS      | $190432.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc     | COMMSTCK | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     10022 | NS      | $458105.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The        | COMMSTCK | CUSIP: 61945C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2890 | NS      | $126784.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.        | COMMSTCK | CUSIP: 651639106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5562 | NS      | $262526.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc    | COMMSTCK | CUSIP: 651229106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9453 | NS      | $123645.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N | COMMSTCK | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NE        |       904 | NS      | $142859.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp  | COMMSTCK | CUSIP: 737630103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1902 | NS      | $83668.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc          | COMMSTCK | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1128 | NS      | $203784.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc           | COMMSTCK | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      5942 | NS      | $304468.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/ | COMMSTCK | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1541 | NS      | $233553.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc         | COMMSTCK | CUSIP: 747525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1183 | NS      | $130059.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc          | COMMSTCK | CUSIP: 833034101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1915 | NS      | $437558.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS | COMMSTCK | CUSIP: 21036P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1061 | NS      | $245886.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions I | COMMSTCK | CUSIP: 83088M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1362 | NS      | $124119.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group I | COMMSTCK | CUSIP: 74144T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       402 | NS      | $43842.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc            | COMMSTCK | CUSIP: 88160R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       348 | NS      | $42866.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc      | COMMSTCK | CUSIP: 902494103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2039 | NS      | $126927.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communicatio | COMMSTCK | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      4158 | NS      | $163825.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The       | COMMSTCK | CUSIP: 95058W100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10210 | NS      | $231052.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The | COMMSTCK | CUSIP: 969457100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9864 | NS      | $324525.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraShort | ETF      | CUSIP: 74348A434<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9868 | NS      | $126014.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSHARES ULTRASHORT | ETF      | CUSIP: 74347G689<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15788 | NS      | $261922.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products  | MLP      | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |      9945 | NS      | $239873.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS TR SEC       | MONEYMKT | CUSIP: 261941306<br>LEI: N/A                  | Long             | STIV             |  | US        |   5277313 | NS      | $5277313.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-09

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Ashley Lanham

**Name of Signer:** Ashley Lanham

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