NPORT-P false 0001484018 XXXXXXXX S000088674 C000255014 SPINNAKER ETF SERIES 811-22398 0001484018 54930056GHDI2JOI6X90 116 SOUTH FRANKLIN STREET ROCKY MOUNT 27804-5707 252-972-9922 Indexperts Yield Focused Fixed Income ETF S000088674 5299003N08G7Y74N2S21 2025-10-31 2025-01-31 N 9056229.38 117574.08 8938655.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD N AEP TEXAS CENTRA N/A 0010EPAF5 130000 NS USD 138147.75 1.55 Long DBT CORP US N 2 2033-02-15 Fixed 6.65 N N N N N N HESS CORP N/A 023551AF1 103000 NS USD 114090.63 1.28 Long DBT CORP US N 2 2029-10-01 Fixed 7.88 N N N N N N AMERICAN EXPRESS N/A 025816AZ2 90000 NS USD 112009.68 1.25 Long DBT CORP US N 2 2038-03-19 Fixed 8.15 N N N N N N AMERICAN WATER N/A 03040WAD7 65000 NS USD 71771.64 0.8 Long DBT CORP US N 2 2037-10-15 Fixed 6.59 N N N N N N APPALACHIAN PWR N/A 037735CM7 40000 NS USD 44033.72 0.49 Long DBT CORP US N 2 2038-04-01 Fixed 7 N N N N N N ARIZONA PUB SERV N/A 040555DE1 80000 NS USD 84383.68 0.94 Long DBT CORP US N 2 2032-12-15 Fixed 6.35 N N N N N N AUTOZONE INC N/A 053332BH4 104000 NS USD 111587.74 1.25 Long DBT CORP US N 2 2033-11-01 Fixed 6.55 N N N N N N AXA SA N/A 054536AA5 35000 NS USD 41120.31 0.46 Long DBT CORP FR N 2 2030-12-15 Fixed 8.6 N N N N N N BALT GAS & ELEC N/A 059165EC0 129000 NS USD 138138.75 1.55 Long DBT CORP US N 2 2036-10-01 Fixed 6.35 N N N N N N JPMORGAN CHASE N/A 06423AAJ2 100000 NS USD 117071.1 1.31 Long DBT CORP US N 2 2030-09-01 Fixed 8.75 N N N N N N BOSTON SCIENTIFC N/A 101137AL1 91000 NS USD 106877.32 1.2 Long DBT CORP US N 2 2040-01-15 Fixed 7.38 N N N N N N BURLINGTN NORTH SANT N/A 12189TAD6 70000 NS USD 81758.53 0.91 Long DBT CORP US N 2 2036-06-01 Fixed 7.29 N N N N N N CATERPILLAR INC N/A 149123BR1 30000 NS USD 36837 0.41 Long DBT CORP US N 2 2038-12-15 Fixed 8.25 N N N N N N CENTERPOINT ENER N/A 15189YAD8 120000 NS USD 120969.72 1.35 Long DBT CORP US N 2 2037-02-01 Fixed 6.25 N N N N N N CITIGROUP INC N/A 172967EW7 33000 NS USD 40741.21 0.46 Long DBT CORP US N 2 2039-07-15 Fixed 8.13 N N N N N N COLUMBUS SO PWR N/A 199575AT8 104000 NS USD 110213.06 1.23 Long DBT CORP US N 2 2033-03-01 Fixed 6.6 N N N N N N CONAGRA INC N/A 205887AX0 111000 NS USD 126528.57 1.42 Long DBT CORP US N 2 2030-09-15 Fixed 8.25 N N N N N N CONOCOPHILLIPS N/A 20825CAQ7 115000 NS USD 124813.18 1.4 Long DBT CORP US N 2 2039-02-01 Fixed 6.5 N N N N N N CON EDISON CO N/A 209111EU3 103000 NS USD 113424.32 1.27 Long DBT CORP US N 2 2038-04-01 Fixed 6.75 N N N N N N CONSTELLATION N/A 210371AF7 77000 NS USD 86226.14 0.96 Long DBT CORP US N 2 2032-04-01 Fixed 7.6 N N N N N N CREDIT SUIS USA N/A 22541LAE3 37000 NS USD 41147.48 0.46 Long DBT CORP US N 2 2032-07-15 Fixed 7.13 N N N N N N DETROIT EDISON N/A 250847EB2 67000 NS USD 73204.8 0.82 Long DBT CORP US N 2 2036-06-01 Fixed 6.63 N N N N N N DEVON ENERGY N/A 251799AA0 102000 NS USD 115032.54 1.29 Long DBT CORP US N 2 2032-04-15 Fixed 7.95 N N N N N N WALT DISNEY CO N/A 254687EZ5 88000 NS USD 111289.64 1.25 Long DBT CORP US N 2 2045-12-01 Fixed 7.75 N N N N N N DOMINION RESOURC N/A 25746UAN9 105000 NS USD 110219.76 1.23 Long DBT CORP US N 2 2033-03-15 Fixed 6.3 N N N N N N DOW CHEMICAL CO N/A 260543DG5 120000 NS USD 127317.84 1.42 Long DBT CORP US N 2 2033-03-15 Fixed 6.3 N N N N N N DUKE ENERGY FIEL N/A 26439XAC7 102000 NS USD 115289.58 1.29 Long DBT CORP US N 2 2030-08-16 Fixed 8.13 N N N N N N EDISON INTL N/A 281020AW7 79000 NS USD 78849.82 0.88 Long DBT CORP US N 2 2029-11-15 Fixed 6.95 N N N N N N EL PASO NAT GAS N/A 283695BK9 70000 NS USD 82246.99 0.92 Long DBT CORP US N 2 2032-06-15 Fixed 8.38 N N N N N N ENBRIDGE ENERGY N/A 29250RAP1 36000 NS USD 41334.77 0.46 Long DBT CORP US N 2 2038-04-15 Fixed 7.5 N N N N N N ENERGY TRANSFER N/A 29273RBC2 77000 NS USD 86134.13 0.96 Long DBT CORP US N 2 2029-11-15 Fixed 8.25 N N N N N N ENTERPRISE PRODU N/A 293791AP4 38000 NS USD 41356.12 0.46 Long DBT CORP US N 2 2034-10-15 Fixed 6.65 N N N N N N ENTERPRISE PRODU N/A 29379VAQ6 70000 NS USD 75215.14 0.84 Long DBT CORP US N 2 2040-09-01 Fixed 6.45 N N N N N N FIFTH THIRD BANK N/A 316773CH1 35000 NS USD 42006.9 0.47 Long DBT CORP US N 2 2038-03-01 Fixed 8.25 N N N N N N FLORIDA PWR CORP N/A 341099CH0 80000 NS USD 85428.24 0.96 Long DBT CORP US N 2 2037-09-15 Fixed 6.35 N N N N N N GENERAL ELECTRIC N/A 36962G4B7 96000 NS USD 108608.06 1.22 Long DBT CORP US N 2 2039-01-10 Fixed 6.88 N N N N N N GENUINE PARTS CO N/A 372460AD7 103000 NS USD 112822.18 1.26 Long DBT CORP US N 2 2033-11-01 Fixed 6.88 N N N N N N GLAXOSMITHKLINE N/A 377372AE7 120000 NS USD 130046.52 1.45 Long DBT CORP US N 2 2038-05-15 Fixed 6.38 N N N N N N GOLDMAN SACHS GP N/A 38143YAC7 105000 NS USD 110470.08 1.24 Long DBT CORP US N 2 2036-05-01 Fixed 6.45 N N N N N N HCA INC N/A 404119AJ8 38000 NS USD 42210.63 0.47 Long DBT CORP US N 2 2033-11-06 Fixed 7.5 N N N N N N HSBC HLDGS PLC N/A 404280AF6 62000 NS USD 69354.69 0.78 Long DBT CORP GB N 2 2032-05-17 Fixed 7.63 N N N N N N HALLIBURTON CO N/A 406216AY7 101000 NS USD 117240.09 1.31 Long DBT CORP US N 2 2039-09-15 Fixed 7.45 N N N N N N JEFFERIES GROUP N/A 472319AE2 41000 NS USD 42294.12 0.47 Long DBT CORP US N 2 2027-06-08 Fixed 6.45 N N N N N N KIMBERLY-CLARK N/A 494368BC6 70000 NS USD 78541.33 0.88 Long DBT CORP US N 2 2037-08-01 Fixed 6.63 N N N N N N KINDER MORGAN EN N/A 494550AJ5 103000 NS USD 113972.08 1.28 Long DBT CORP US N 2 2031-03-15 Fixed 7.4 N N N N N N KRAFT FOODS GROU N/A 50076QAR7 77000 NS USD 84672.51 0.95 Long DBT CORP US N 2 2039-01-26 Fixed 6.88 N N N N N N KROGER CO N/A 501044BT7 63000 NS USD 69501.6 0.78 Long DBT CORP US N 2 2029-06-01 Fixed 7.7 N N N N N N LOWES COMPANIES N/A 548661CP0 38000 NS USD 41708.84 0.47 Long DBT CORP US N 2 2037-09-15 Fixed 6.65 N N N N N N MASCO CORP N/A 574599AT3 62000 NS USD 68572.87 0.77 Long DBT CORP US N 2 2029-08-01 Fixed 7.75 N N N N N N METLIFE INC N/A 59156RAJ7 89000 NS USD 95380.94 1.07 Long DBT CORP US N 2 2034-06-15 Fixed 6.38 N N N N N N MORGAN STANLEY N/A 617482V92 40000 NS USD 43360.04 0.49 Long DBT CORP US N 2 2042-07-24 Fixed 6.38 N N N N N N OHIO EDISON CO N/A 677347CF1 88000 NS USD 108773.54 1.22 Long DBT CORP US N 2 2038-10-15 Fixed 8.25 N N N N N N OWENS CORNING N/A 690742AB7 70000 NS USD 77945.49 0.87 Long DBT CORP US N 2 2036-12-01 Fixed 7 N N N N N N PACIFICORP N/A 695114BT4 37000 NS USD 41953.52 0.47 Long DBT CORP US N 2 2031-11-15 Fixed 7.7 N N N N N N PLAINS ALL AMER N/A 72650RAR3 104000 NS USD 109410.5 1.22 Long DBT CORP US N 2 2037-01-15 Fixed 6.65 N N N N N N POTOMAC ELEC PWR N/A 737679DC1 84000 NS USD 103281.44 1.16 Long DBT CORP US N 2 2038-12-15 Fixed 7.9 N N N N N N PROGRESS ENERGY N/A 743263AE5 76000 NS USD 85764.1 0.96 Long DBT CORP US N 2 2031-03-01 Fixed 7.75 N N N N N N UNUM GROUP N/A 743862AA2 39000 NS USD 41184.59 0.46 Long DBT CORP US N 2 2028-03-15 Fixed 7.25 N N N N N N PRUDENTIAL FIN N/A 74432QBD6 100000 NS USD 109736.8 1.23 Long DBT CORP US N 2 2037-12-01 Fixed 6.63 N N N N N N PUBLIC SERV COLO N/A 744448BZ3 78000 NS USD 82304.59 0.92 Long DBT CORP US N 2 2037-09-01 Fixed 6.25 N N N N N N PUBLIC SERVICE N/A 744573AS5 36000 NS USD 41129.1 0.46 Long DBT CORP US N 2 2031-04-15 Fixed 8.63 N N N N N N ROCKWELL AUTO N/A 773903AE9 120000 NS USD 127368.12 1.42 Long DBT CORP US N 2 2037-12-01 Fixed 6.25 N N N N N N ROGERS COMMUNIC N/A 77509NAF0 35000 NS USD 40804.72 0.46 Long DBT CORP CA N 2 2032-05-01 Fixed 8.75 N N N N N N SCHERING-PLOUGH N/A 806605AG6 110000 NS USD 120953.58 1.35 Long DBT CORP US N 2 2033-12-01 Fixed 6.5 N N N N N N SOUTHWESTN EL PR N/A 845437BL5 40000 NS USD 41481.28 0.46 Long DBT CORP US N 2 2040-03-15 Fixed 6.2 N N N N N N TENNESSEE GAS PL N/A 880451AV1 79000 NS USD 83861.74 0.94 Long DBT CORP US N 2 2028-10-15 Fixed 7 N N N N N N TEXAS EAST TRANS N/A 882389CC1 103000 NS USD 112355.08 1.26 Long DBT CORP US N 2 2032-07-15 Fixed 7 N N N N N N TOLEDO EDISON N/A 889175BD6 100000 NS USD 105261.2 1.18 Long DBT CORP US N 2 2037-05-15 Fixed 6.15 N N N N N N TRAVELERS COS N/A 89417EAD1 53000 NS USD 56617.78 0.63 Long DBT CORP US N 2 2037-06-15 Fixed 6.25 N N N N N N UNION ELECTRIC N/A 906548CH3 68000 NS USD 85676.06 0.96 Long DBT CORP US N 2 2039-03-15 Fixed 8.45 N N N N N N UNITED TECH CORP N/A 913017BA6 38000 NS USD 41990.46 0.47 Long DBT CORP US N 2 2029-09-15 Fixed 7.5 N N N N N N VALERO ENERGY N/A 91913YAE0 102000 NS USD 114438.9 1.28 Long DBT CORP US N 2 2032-04-15 Fixed 7.5 N N N N N N VERIZON COMM INC N/A 92343VBT0 120000 NS USD 131418.72 1.47 Long DBT CORP US N 2 2043-09-15 Fixed 6.55 N N N N N N VIRGINIA EL&PWR N/A 927804FG4 92000 NS USD 119227.77 1.33 Long DBT CORP US N 2 2038-11-15 Fixed 8.88 N N N N N N VODAFONE GROUP N/A 92857TAH0 36000 NS USD 40734.47 0.46 Long DBT CORP GB N 2 2030-02-15 Fixed 7.88 N N N N N N WALMART INC N/A 931142CK7 70000 NS USD 78832.88 0.88 Long DBT CORP US N 2 2037-08-15 Fixed 6.5 N N N N N N WESTROCK MWV LLC N/A 961548AV6 36000 NS USD 40774.86 0.46 Long DBT CORP US N 2 2030-01-15 Fixed 8.2 N N N N N N WILLIAMS COS N/A 969457BM1 115000 NS USD 135891.59 1.52 Long DBT CORP US N 2 2032-03-15 Fixed 8.75 N N N N N N Goldman Sachs Financ N/A 38141W273 390933.7 NS USD 390933.66 4.37 Long STIV US N 1 N N N 2025-03-15 Spinnaker ETF Series Pete Mccabe Pete Mccabe Principal Accounting Officer/Principal Financial Officer XXXX