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 2025-07-31 N 20555107.91 8598.15 20546509.76 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD N AEP TEXAS CENTRA N/A 0010EPAF5 155000 NS USD 166323.99 0.81 Long DBT CORP US N 2 2033-02-15 Fixed 6.65 N N N N N N HESS CORP N/A 023551AF1 230000 NS USD 259794.2 1.26 Long DBT CORP US N 2 2029-10-01 Fixed 7.88 N N N N N N AMERICAN EXPRESS N/A 025816AZ2 400000 NS USD 506188.4 2.46 Long DBT CORP US N 2 2038-03-19 Fixed 8.15 N N N N N N AMERICAN WATER N/A 03040WAD7 275000 NS USD 305432.33 1.49 Long DBT CORP US N 2 2037-10-15 Fixed 6.59 N N N N N N APPALACHIAN PWR N/A 037735CM7 195000 NS USD 217072.83 1.06 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 85965.6 0.42 Long DBT CORP US N 2 2032-12-15 Fixed 6.35 N N N N N N AUTOZONE INC N/A 053332BH4 330000 NS USD 363449.46 1.77 Long DBT CORP US N 2 2033-11-01 Fixed 6.55 N N N N N N AXA SA N/A 054536AA5 200000 NS USD 236567.4 1.15 Long DBT CORP FR N 2 2030-12-15 Fixed 8.6 N N N N N N BALT GAS & ELEC N/A 059165EC0 259000 NS USD 280084.93 1.36 Long DBT CORP US N 2 2036-10-01 Fixed 6.35 N N N N N N JPMORGAN CHASE N/A 06423AAJ2 245000 NS USD 288801.1 1.41 Long DBT CORP US N 2 2030-09-01 Fixed 8.75 N N N N N N BOSTON SCIENTIFC N/A 101137AL1 400000 NS USD 476769.6 2.32 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 82347.23 0.4 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 37421.58 0.18 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 125005.68 0.61 Long DBT CORP US N 2 2037-02-01 Fixed 6.25 N N N N N N CITIGROUP INC N/A 172967EW7 300000 NS USD 375118.8 1.83 Long DBT CORP US N 2 2039-07-15 Fixed 8.13 N N N N N N COLUMBUS SO PWR N/A 199575AT8 199000 NS USD 215228.45 1.05 Long DBT CORP US N 2 2033-03-01 Fixed 6.6 N N N N N N CONAGRA INC N/A 205887AX0 271000 NS USD 311772.22 1.52 Long DBT CORP US N 2 2030-09-15 Fixed 8.25 N N N N N N CONOCOPHILLIPS N/A 20825CAQ7 350000 NS USD 387881.2 1.89 Long DBT CORP US N 2 2039-02-01 Fixed 6.5 N N N N N N CON EDISON CO N/A 209111EU3 278000 NS USD 314277.89 1.53 Long DBT CORP US N 2 2038-04-01 Fixed 6.75 N N N N N N CONSTELLATION N/A 210371AF7 187000 NS USD 213779.34 1.04 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 41898.69 0.2 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 74681.35 0.36 Long DBT CORP US N 2 2036-06-01 Fixed 6.63 N N N N N N DEVON ENERGY N/A 251799AA0 250000 NS USD 285954.75 1.39 Long DBT CORP US N 2 2032-04-15 Fixed 7.95 N N N N N N WALT DISNEY CO N/A 254687EZ5 245000 NS USD 305657.84 1.49 Long DBT CORP US N 2 2045-12-01 Fixed 7.75 N N N N N N DOMINION RESOURC N/A 25746UAN9 155000 NS USD 165213.88 0.8 Long DBT CORP US N 2 2033-03-15 Fixed 6.3 N N N N N N DOW CHEMICAL CO N/A 260543DG5 375000 NS USD 399178.13 1.94 Long DBT CORP US N 2 2033-03-15 Fixed 6.3 N N N N N N DUKE ENERGY FIEL N/A 26439XAC7 152000 NS USD 174725.22 0.85 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 82405.14 0.4 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 245000 NS USD 286819.79 1.4 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 41944.28 0.2 Long DBT CORP US N 2 2038-04-15 Fixed 7.5 N N N N N N ENERGY TRANSFER N/A 29273RBC2 277000 NS USD 313360.68 1.53 Long DBT CORP US N 2 2029-11-15 Fixed 8.25 N N N N N N ENTERPRISE PRODU N/A 293791AP4 325000 NS USD 358975.18 1.75 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 76257.16 0.37 Long DBT CORP US N 2 2040-09-01 Fixed 6.45 N N N N N N FIFTH THIRD BANK N/A 316773CH1 300000 NS USD 362684.1 1.77 Long DBT CORP US N 2 2038-03-01 Fixed 8.25 N N N N N N FLORIDA PWR CORP N/A 341099CH0 250000 NS USD 271384.75 1.32 Long DBT CORP US N 2 2037-09-15 Fixed 6.35 N N N N N N GENERAL ELECTRIC N/A 36962G4B7 350000 NS USD 407101.8 1.98 Long DBT CORP US N 2 2039-01-10 Fixed 6.88 N N N N N N GENUINE PARTS CO N/A 372460AD7 325000 NS USD 360946.3 1.76 Long DBT CORP US N 2 2033-11-01 Fixed 6.88 N N N N N N GLAXOSMITHKLINE N/A 377372AE7 340000 NS USD 375089.7 1.83 Long DBT CORP US N 2 2038-05-15 Fixed 6.38 N N N N N N GOLDMAN SACHS GP N/A 38143YAC7 385000 NS USD 410798.08 2 Long DBT CORP US N 2 2036-05-01 Fixed 6.45 N N N N N N HCA INC N/A 404119AJ8 325000 NS USD 367446.63 1.79 Long DBT CORP US N 2 2033-11-06 Fixed 7.5 N N N N N N HSBC HLDGS PLC N/A 404280AF6 117000 NS USD 131531.28 0.64 Long DBT CORP GB N 2 2032-05-17 Fixed 7.63 N N N N N N HALLIBURTON CO N/A 406216AY7 361000 NS USD 417273.04 2.03 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 42247.1 0.21 Long DBT CORP US N 2 2027-06-08 Fixed 6.45 N N N N N N KIMBERLY-CLARK N/A 494368BC6 350000 NS USD 400677.2 1.95 Long DBT CORP US N 2 2037-08-01 Fixed 6.63 N N N N N N KINDER MORGAN EN N/A 494550AJ5 300000 NS USD 336015 1.64 Long DBT CORP US N 2 2031-03-15 Fixed 7.4 N N N N N N KRAFT FOODS GROU N/A 50076QAR7 327000 NS USD 350896.18 1.71 Long DBT CORP US N 2 2039-01-26 Fixed 6.88 N N N N N N KROGER CO N/A 501044BT7 113000 NS USD 124869.41 0.61 Long DBT CORP US N 2 2029-06-01 Fixed 7.7 N N N N N N LOWES COMPANIES N/A 548661CP0 250000 NS USD 273515 1.33 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 68732.7 0.33 Long DBT CORP US N 2 2029-08-01 Fixed 7.75 N N N N N N METLIFE INC N/A 59156RAJ7 234000 NS USD 256977.63 1.25 Long DBT CORP US N 2 2034-06-15 Fixed 6.38 N N N N N N MORGAN STANLEY N/A 617482V92 342000 NS USD 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176722.92 0.86 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 41308.02 0.2 Long DBT CORP US N 2 2031-04-15 Fixed 8.63 N N N N N N ROCKWELL AUTO N/A 773903AE9 360000 NS USD 401994.36 1.96 Long DBT CORP US N 2 2037-12-01 Fixed 6.25 N N N N N N ROGERS COMMUNIC N/A 77509NAF0 113000 NS USD 132208.31 0.64 Long DBT CORP CA N 2 2032-05-01 Fixed 8.75 N N N N N N SCHERING-PLOUGH N/A 806605AG6 325000 NS USD 365247.68 1.78 Long DBT CORP US N 2 2033-12-01 Fixed 6.5 N N N N N N SOUTHWESTN EL PR N/A 845437BL5 140000 NS USD 145046.72 0.71 Long DBT CORP US N 2 2040-03-15 Fixed 6.2 N N N N N N TENNESSEE GAS PL N/A 880451AV1 154000 NS USD 164354.04 0.8 Long DBT CORP US N 2 2028-10-15 Fixed 7 N N N N N N TEXAS EAST TRANS N/A 882389CC1 198000 NS USD 217845.34 1.06 Long DBT CORP US N 2 2032-07-15 Fixed 7 N N N N N N TOLEDO EDISON N/A 889175BD6 200000 NS USD 213944 1.04 Long DBT CORP US N 2 2037-05-15 Fixed 6.15 N N N N N N TRAVELERS COS N/A 89417EAD1 375000 NS USD 411326.63 2 Long DBT CORP US N 2 2037-06-15 Fixed 6.25 N N N N N N UNION ELECTRIC N/A 906548CH3 145000 NS USD 184494.52 0.9 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 42122.39 0.21 Long DBT CORP US N 2 2029-09-15 Fixed 7.5 N N N N N N VALERO ENERGY N/A 91913YAE0 275000 NS USD 312295.78 1.52 Long DBT CORP US N 2 2032-04-15 Fixed 7.5 N N N N N N VERIZON COMM INC N/A 92343VBT0 375000 NS USD 409647.75 1.99 Long DBT CORP US N 2 2043-09-15 Fixed 6.55 N N N N N N VIRGINIA EL&PWR N/A 927804FG4 192000 NS USD 252670.27 1.23 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 40881.17 0.2 Long DBT CORP GB N 2 2030-02-15 Fixed 7.88 N N N N N N WALMART INC N/A 931142CK7 325000 NS USD 369719.35 1.8 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 41193.43 0.2 Long DBT CORP US N 2 2030-01-15 Fixed 8.2 N N N N N N WILLIAMS COS N/A 969457BM1 300000 NS USD 358287.6 1.74 Long DBT CORP US N 2 2032-03-15 Fixed 8.75 N N N N N N Goldman Sachs Financ N/A 38141W273 763282 NS USD 763281.96 3.71 Long STIV US N 1 N N N 2025-09-18 Spinnaker ETF Series Pete Mccabe Pete Mccabe Principal Accounting Officer/Principal Financial Officer XXXX