Spinnaker ETF Series. Holdings as of May 31, 2026, from Form N-PORT.
Share of net assets at the report date, for the whole fund across all share classes.
| Holding | Weight | Value | Shares or units |
|---|---|---|---|
| UMB MONEY MARKETCash or money market | 63.89% | $795.27M | 795,269,176 |
| Airbus SE | 5.82% | $72.40M | 1,390,353 |
| MTU Aero Engines AG | 4.32% | $53.75M | 294,646 |
| BAE Systems PLCBAESY | 3.51% | $43.69M | 399,659 |
| Rolls-Royce Holdings | 3.30% | $41.08M | 2,288,787 |
| Leonardo SpA | 3.24% | $40.36M | 1,270,248 |
| Safran SA | 2.96% | $36.82M | 413,951 |
| Rheinmetall AG | 2.95% | $36.70M | 122,242 |
| Saab AB | 2.74% | $34.07M | 1,102,886 |
| Thales SA | 2.71% | $33.78M | 602,498 |
| CLEARST. RYCEY SWAPOther | 2.35% | $29.26M | 11,584,058 |
| Hensoldt AG | 1.92% | $23.88M | 2,322,517 |
| Babcock Internationa | 1.62% | $20.20M | 1,370,097 |
| QinetiQ Group PLC | 0.79% | $9.83M | 364,657 |
| Chemring Group PLC | 0.52% | $6.47M | 916,651 |
| CLEARST. BAESY SWAPOther | 0.35% | $4.31M | 837,585 |
| CLEARST. LSIIF SWAPOther | 0.04% | $497.43K | 22,800 |
| CLEARST. AVVOF SWAPOther | 0.01% | $183.76K | 30,100 |
| CLEARST. EXALF SWAPOther | 0.01% | $99.46K | 7,500 |
| CLEARST. SNIRF SWAPOther | 0.00% | $44.87K | 330,200 |
| CLEARST. TKMSF SWAPOther | 0.00% | -$13.27K | 24,000 |
| CLEARST. AVNBF SWAPOther | 0.00% | -$17.34K | 26,700 |
| CLEARST. RKGRY SWAPOther | -0.01% | -$154.59K | 354,000 |
| CLEARST. MTASF SWAPOther | -0.02% | -$209.98K | 33,900 |
| CLEARST. DUAVF SWAPOther | -0.03% | -$372.98K | 14,700 |
| CLEARST. MLSPF SWAPOther | -0.04% | -$457.70K | 1,308,800 |
| CLEARST. FINMY SWAPOther | -0.06% | -$737.75K | 325,000 |
| CLEARST. SAABY SWAPOther | -0.06% | -$745.50K | 150,000 |
| CLEARST. THLLY SWAPOther | -0.08% | -$1.05M | 225,000 |
| CLEARST. SAFRY SWAPOther | -0.27% | -$3.35M | 2,094,934 |
| CLEARST. EADSY SWAPOther | -0.98% | -$12.23M | 2,540,000 |
| CLEARST. RNMBY SWAPOther | -1.72% | -$21.41M | 263,208 |
Holdings from the fund's latest Form N-PORT; expense ratio (net of fee waivers) from the risk/return summary of its prospectus; fund type from Form N-CEN. Prices are end-of-day closes adjusted for splits; total return also reinvests distributions.