NPORT-P false 0001484018 XXXXXXXX S000084449 C000248832 SPINNAKER ETF SERIES 811-22398 0001484018 54930056GHDI2JOI6X90 116 SOUTH FRANKLIN STREET ROCKY MOUNT 27804-5707 252-972-9922 Obra Opportunistic Structured Products ETF S000084449 5299009MTQMPRL4QJD89 2026-03-31 2026-03-31 N 144531290.09 10586616.66 133944673.43 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD N HWIRE 2023-1A B N/A 44148HAC7 625000 NS USD 630871.06 0.47 Long DBT US N 2 2053-05-20 Fixed 7 N N N N N N BEATS 2024-1A A2 N/A 499876AA8 500000 NS USD 505890 0.38 Long DBT US N 2 2064-04-07 Fixed 6.63 N N N N N N MFT 2023-4A B N/A 57108UAB0 750000 NS USD 768804.15 0.57 Long DBT US N 2 2033-12-15 Fixed 8.15 N N N N N N PAID 2024-10 D N/A 69544MAD1 340492.3 NS USD 343057.12 0.26 Long DBT US N 2 2032-06-15 Fixed 6.43 N N N N N N PEAR 2023-1 A N/A 70473AAA6 576608.3 NS USD 585276.03 0.44 Long DBT US N 2 2035-07-15 Fixed 7.42 N N N N N N PEAR 2024-1 A N/A 704933AA8 254274.1 NS USD 257241.18 0.19 Long DBT US N 2 2036-02-15 Fixed 6.95 N N N N N N RPM 2025-1A C N/A 76089YAC3 100000 NS USD 101134.28 0.08 Long DBT US N 2 2033-06-27 Fixed 6.38 N N N N N N UNIT 2025-1A B N/A 91326EAB1 250000 NS USD 254712.8 0.19 Long DBT US N 2 2055-04-20 Fixed 6.37 N N N N N N WESTR 2023-1A C N/A 96033EAC2 160497.1 NS USD 162125.08 0.12 Long DBT US N 2 2037-06-01 Fixed 7.49 N N N N N N ZAYO 2025-2A A2 N/A 98919WAG8 100000 NS USD 101913.5 0.08 Long DBT US N 2 2055-06-20 Fixed 5.95 N N N N N N AGL 2024-30A D N/A 00120VAJ5 350000 NS USD 346824.45 0.26 Long DBT JE N 2 2037-04-21 Variable 7.12 N N N N N N ALLEG 2024-3A B N/A 01751JAE7 500000 NS USD 502016.6 0.37 Long DBT JE N 2 2037-10-15 Variable 5.52 N N N N N N BCC 2020-3A DRR N/A 05684CBA2 76000 NS USD 73361.01 0.05 Long DBT KY N 2 2034-10-23 Variable 6.77 N N N N N N BCC 2022-6A D1R N/A 05685LAY0 500000 NS USD 493402.65 0.37 Long DBT JE N 2 2038-01-22 Variable 6.66 N N N N N N BALLY 2024-22A C N/A 05877GAJ2 250000 NS USD 249139.05 0.19 Long DBT KY N 2 2037-04-15 Variable 7.17 N N N N N N CBAM 2017-3A DR N/A 12481HAW5 440000 NS USD 438466.47 0.33 Long DBT KY N 2 2034-07-17 Variable 7.44 N N N N N N CCITY 2022-4A C1R N/A 228233AU6 350000 NS USD 347006.1 0.26 Long DBT KY N 2 2037-04-20 Variable 8.17 N N N N N N ELM28 2024-4A E N/A 29003PAA8 250000 NS USD 241399.43 0.18 Long DBT KY N 2 2037-04-17 Variable 9.68 N N N N N N FCBSL 2022-3A D1R N/A 349927AU7 250000 NS USD 248035.15 0.19 Long DBT JE N 2 2035-10-20 Variable 7.93 N N N N N N HARUS 2024-3A C N/A 41756FAG1 250000 NS USD 250923.3 0.19 Long DBT KY N 2 2038-01-18 Variable 5.78 N N N N N N IVYH 7A AR3 N/A 46602ABE1 300000 NS USD 300158.4 0.22 Long DBT KY N 2 2036-10-15 Variable 5.27 N N N N N N MAGNE 2024-42A D2 N/A 55955XAN6 750000 NS USD 742408.8 0.55 Long DBT KY N 2 2038-01-25 Variable 7.62 N N N N N N MIDO 2024-17A D2 N/A 598014AL2 500000 NS USD 493551.55 0.37 Long DBT KY N 2 2038-01-20 Variable 7.83 N N N N N N NEUB 2024-58A D1 N/A 640970AG4 500000 NS USD 499501.75 0.37 Long DBT KY N 2 2038-10-18 Variable 6.58 N N N N N N OBRAC 2025-2A E N/A 674433AA5 750000 NS USD 746643.53 0.56 Long DBT KY N 2 2038-07-20 Variable 0 N N N N N N OBRAC 2024-1A D2 N/A 67443AAL5 500000 NS USD 502308.9 0.38 Long DBT KY N 2 2038-01-20 Fixed 8.26 N N N N N N OBRAC 2024-1A E N/A 67443CAA5 600000 NS USD 581743.74 0.43 Long DBT KY N 2 2038-01-20 Variable 10.43 N N N N N N OHALF 2013-1A D2R3 N/A 67706HCE6 250000 NS USD 247108.38 0.18 Long DBT KY N 2 2037-04-23 Variable 8.17 N N N N N N PLMRS 2022-3A D1R N/A 69690ABC0 152000 NS USD 150544.42 0.11 Long DBT JE N 2 2037-07-20 Variable 6.63 N N N N N N PLMRS 2022-4A CR N/A 69700XAU9 250000 NS USD 249889.6 0.19 Long DBT KY N 2 2037-10-20 Variable 5.58 N N N N N N RAD 2023-19A D1R N/A 750104AW1 400000 NS USD 398296.28 0.3 Long DBT KY N 2 2038-03-20 Variable 7.03 N N N N N N TCIFC 2024-1A D N/A 88240JAJ2 375000 NS USD 373700.96 0.28 Long DBT KY N 2 2037-04-22 Variable 7.21 N N N N N N VERUS 2023-4 M1 N/A 92539TAD5 380000 NS USD 383144.12 0.29 Long DBT US N 2 2068-05-01 Variable 7.4 N N N N N N BXMT 2025-FL5 C N/A 05613YAG8 200000 NS USD 199057.92 0.15 Long DBT US N 2 2042-10-18 Variable 6.61 N N N N N N BFLD 2024-UNIV D N/A 08861RAG6 500000 NS USD 501768.5 0.37 Long DBT US N 2 2029-11-15 Variable 6.32 N N N N N N BX 2024-GPA2 D N/A 12433DAG8 487317.8 NS USD 487265.73 0.36 Long DBT US N 2 2029-11-15 Variable 6.22 N N N N N N CALI 2024-SUN D N/A 12988DAG7 1000000 NS USD 1012558.8 0.76 Long DBT US N 2 2041-07-15 Variable 7.26 N N N N N N FMBT 2024-FBLU C N/A 34461WAE0 250000 NS USD 250959.58 0.19 Long DBT US N 2 2039-12-15 Variable 5.78 N N N N N N FMBT 2024-FBLU D N/A 34461WAG5 1250000 NS USD 1265825.5 0.95 Long DBT US N 2 2039-12-15 Variable 6.23 N N N N N N GWT 2024-WLF2 D N/A 362414AG9 1200000 NS USD 1207329.84 0.9 Long DBT US N 2 2041-05-15 Variable 6.57 N N N N N N GWT 2024-WOLF D N/A 39152MAG0 1200000 NS USD 1206187.2 0.9 Long DBT US N 2 2039-03-15 Variable 6.52 N N N N N N HLTN 2024-DPLO C N/A 40424UAE7 700000 NS USD 701749.51 0.52 Long DBT US N 2 2041-06-15 Variable 6.21 N N N N N N HLTN 2024-DPLO D N/A 40424UAG2 1250000 NS USD 1262454.88 0.94 Long DBT US N 2 2041-06-15 Variable 7.01 N N N N N N TOWN 2025-STAY D N/A 46117WAG7 250000 NS USD 251881.13 0.19 Long DBT US N 2 2042-03-15 Variable 6.48 N N N N N N JW 2024-BERY C N/A 46676AAE3 500000 NS USD 501937.6 0.37 Long DBT US N 2 2039-11-15 Variable 5.87 N N N N N N MF1 2025-FL19 C N/A 55287KAG8 250000 NS USD 250159.1 0.19 Long DBT KY N 2 2042-05-18 Variable 6.47 N N N N N N MF1 2025-FL19 D N/A 55287KAJ2 250000 NS USD 250003.8 0.19 Long DBT KY N 2 2042-05-18 Variable 7.06 N N N N N N NYC 2024-3ELV D N/A 62956HAG1 1750000 NS USD 1766862.65 1.32 Long DBT US N 2 2029-08-15 Variable 7.49 N N N N N N PGA 2024-RSR2 C N/A 69381CAJ6 250000 NS USD 249810.35 0.19 Long DBT US N 2 2026-06-15 Variable 6.44 N N N N N N PGA 2024-RSR2 E N/A 69381CAN7 250000 NS USD 247003.15 0.18 Long DBT US N 2 2039-06-15 Variable 7.54 N N N N N N SWCH 2025-DATA D N/A 78489CAD1 150000 NS USD 147082.67 0.11 Long DBT US N 2 2042-03-15 Variable 6.3 N N N N N N ABBSL 2021-2A B1R N/A 00037LAQ3 700000 NS USD 700441.42 0.52 Long ABS-MBS CORP KY N 2 2039-04-15 Variable 0 N N N N N N ABBSL 2025-6A E N/A 00039MAA4 150000 NS USD 146686.56 0.11 Long ABS-MBS CORP KY N 2 2037-07-20 Variable 9.68 N N N N N N AGL 2020-9A DR N/A 001207AY5 500000 NS USD 489852.4 0.37 Long ABS-MBS CORP KY N 2 2037-04-20 Variable 7.23 N N N N N N AGL 2024-33A D1 N/A 00121DAD7 900000 NS USD 893936.97 0.67 Long ABS-MBS CORP KY N 2 2037-07-21 Variable 6.47 N N N N N N AGL 2024-34A D1 N/A 00121JAJ1 950000 NS USD 940535.44 0.7 Long ABS-MBS CORP KY N 2 2038-01-22 Variable 6.56 N N N N N N AGL 2025-42A E N/A 00792TAA6 500000 NS USD 489978.85 0.37 Long ABS-MBS CORP KY N 2 2038-07-22 Variable 8.81 N N N N N N ANCHC 2026-37A C N/A 032923AG9 441000 NS USD 442014.3 0.33 Long ABS-MBS CORP KY N 2 2039-04-20 Variable 5.66 N N N N N N ANCHC 2026-37A D N/A 032923AJ3 736000 NS USD 736000 0.55 Long ABS-MBS CORP KY N 2 2039-04-20 Variable 6.81 N N N N N N ANCHF 2020-12A D N/A 03332DBA1 1000000 NS USD 981302 0.73 Long ABS-MBS CORP KY N 2 2038-10-25 Fixed 5.93 N N N N N N ANCHC 2026-36A C N/A 03333PAG1 650000 NS USD 650000 0.49 Long ABS-MBS CORP KY N 2 2039-04-15 Variable 0 N N N N N N ANCHC 2026-36A D N/A 03333PAJ5 650000 NS USD 650000 0.49 Long ABS-MBS CORP KY N 2 2039-04-15 Variable 0 N N N N N N ANTR 2021-1A CR N/A 03666BBC7 375000 NS USD 374487.94 0.28 Long ABS-MBS CORP KY N 2 2038-10-25 Variable 5.87 N N N N N N ANTR 2021-1A DR N/A 03666BBE3 500000 NS USD 491194.5 0.37 Long ABS-MBS CORP KY N 2 2038-10-25 Variable 6.87 N N N N N N AHPT 2024-ATRM D N/A 04963XAJ3 1000000 NS USD 1021150.5 0.76 Long ABS-MBS CORP US N 2 2029-11-01 Variable 7.93 N N N N N N AVCCT 2024-1A D N/A 05351KAH2 964000 NS USD 967132.52 0.72 Long ABS-MBS CORP US N 2 2030-04-15 Fixed 8.8 N N N N N N BAHA 2024-MAR C N/A 05493XAG5 1000000 NS USD 1031069.5 0.77 Long ABS-MBS CORP US N 2 2041-12-01 Variable 7.77 N N N N N N BSPDF 2026-FL3 B N/A 05594VAE2 1000000 NS USD 998129 0.75 Long ABS-MBS CORP US N 2 2043-09-18 Variable 5.61 N N N N N N BSPDF 2026-FL3 C N/A 05594VAG7 1000000 NS USD 996827.8 0.74 Long ABS-MBS CORP US N 2 2043-09-18 Variable 5.76 N N N N N N BSPDF 2026-FL3 D N/A 05594VAJ1 1000000 NS USD 998938.4 0.75 Long ABS-MBS CORP US N 2 2043-09-18 Variable 6.41 N N N N N N BX 2025-COPT C N/A 05618XAE0 250000 NS USD 250348.7 0.19 Long ABS-MBS CORP US N 2 2042-09-15 Variable 6.13 N N N N N N BX 2025-COPT D N/A 05618XAG5 1200000 NS USD 1202102.88 0.9 Long ABS-MBS CORP US N 2 2042-09-15 Variable 6.88 N N N N N N BSPRT 2025-FL12 C N/A 05619BAG2 250000 NS USD 249834.25 0.19 Long ABS-MBS CORP US N 2 2043-01-17 Variable 5.86 N N N N N N BSPRT 2025-FL12 D N/A 05619BAJ6 200000 NS USD 199617.3 0.15 Long ABS-MBS CORP US N 2 2043-01-17 Variable 6.36 N N N N N N BCC 2023-2A D1R N/A 05684GBA3 1000000 NS USD 985328.5 0.74 Long ABS-MBS CORP JE N 2 2038-07-18 Variable 6.53 N N N N N N BCC 2022-5A DRR N/A 05685JBC2 375000 NS USD 369526.84 0.28 Long ABS-MBS CORP JE N 2 2037-01-24 Variable 6.57 N N N N N N BCC 2026-2A C N/A 05686EAG4 650000 NS USD 650000 0.49 Long ABS-MBS CORP KY N 2 2039-04-26 Variable 0 N N N N N N BCC 2026-2A D1 N/A 05686EAJ8 650000 NS USD 650000 0.49 Long ABS-MBS CORP KY N 2 2039-04-26 Variable 0 N N N N N N BOBA 2023-1A D2RR N/A 05765DAZ8 250000 NS USD 246243.45 0.18 Long ABS-MBS CORP KY N 2 2036-04-20 Variable 7.93 N N N N N N BAR 2026-FL1 AS N/A 06701PAC7 500000 NS USD 500098.8 0.37 Long ABS-MBS CORP KY N 2 2043-08-20 Variable 5.51 N N N N N N BAR 2026-FL1 B N/A 06701PAE3 500000 NS USD 500087.45 0.37 Long ABS-MBS CORP KY N 2 2043-08-20 Variable 5.76 N N N N N N BATLN 2024-25A BR N/A 07134FAL4 350000 NS USD 350000 0.26 Long ABS-MBS CORP KY N 2 2037-03-13 Variable 5.43 N N N N N N BATLN 2024-25A CR N/A 07134FAN0 350000 NS USD 350000 0.26 Long ABS-MBS CORP KY N 2 2037-03-13 Variable 5.78 N N N N N N BATLN 2026-31A C N/A 07135CAG1 400000 NS USD 400960 0.3 Long ABS-MBS CORP KY N 2 2039-04-20 Variable 5.63 N N N N N N BDS 2025-FL14 D N/A 072921AS8 750000 NS USD 725392.65 0.54 Long ABS-MBS CORP US N 2 2042-10-17 Variable 6.16 N N N N N N BHMS 2025-ATLS C N/A 088928AE6 750000 NS USD 748653.15 0.56 Long ABS-MBS CORP US N 2 2042-08-15 Variable 6.93 N N N N N N BRAVO 2023-NQM5 A1 N/A 10569UAA3 135368.6 NS USD 137893.35 0.1 Long ABS-MBS CORP US N 2 2063-06-01 Variable 6.51 N N N N N N BX 2025-VLT7 D N/A 123913AG0 750000 NS USD 751139.25 0.56 Long ABS-MBS CORP US N 2 2044-07-15 Variable 6.88 N N N N N N BX 2025-GW D N/A 12433GAG1 1000000 NS USD 1002928.4 0.75 Long ABS-MBS CORP US N 2 2042-07-15 Variable 6.41 N N N N N N BX 2025-VLT6 D N/A 12433KAG2 1100000 NS USD 1098672.19 0.82 Long ABS-MBS CORP US N 2 2042-03-15 Variable 6.22 N N N N N N CIFC 2022-5A CR2 N/A 12572GBE6 350000 NS USD 350910 0.26 Long ABS-MBS CORP KY N 2 2038-03-16 Variable 5.68 N N N N N N CHI 2025-110W D N/A 12577HAG5 1200000 NS USD 1203815.16 0.9 Long ABS-MBS CORP US N 2 2040-12-13 Variable 6.63 N N N N N N CGMS 2021-7A D1R N/A 14316WAU3 500000 NS USD 496315.1 0.37 Long ABS-MBS CORP KY N 2 2040-04-15 Variable 6.67 N N N N N N CHMML 2023-3A BR N/A 17150YAS6 225000 NS USD 224770.77 0.17 Long ABS-MBS CORP KY N 2 2038-04-20 Variable 5.38 N N N N N N CHMML 2023-3A CR N/A 17150YAU1 736000 NS USD 732905.05 0.55 Long ABS-MBS CORP KY N 2 2038-04-20 Variable 5.58 N N N N N N CQS 2026-6A D1 N/A 223925AJ7 1000000 NS USD 987442.2 0.74 Long ABS-MBS CORP KY N 2 2039-03-31 Variable 6.88 N N N N N N CROSS 2023-H1 A1 N/A 22758CAA9 170969 NS USD 175361.09 0.13 Long ABS-MBS CORP US N 2 2068-03-01 Variable 6.61 N N N N N N CROSS 2026-NQM1 A1 N/A 22758EAA5 984113.7 NS USD 970417.94 0.72 Long ABS-MBS CORP US N 2 2061-02-01 Variable 4.7 N N N N N N CROSS 2025-H5 A1 N/A 227920AA3 871605.4 NS USD 876369.6 0.65 Long ABS-MBS CORP US N 2 2070-07-01 Variable 5.51 N N N N N N CROSS 2026-NQM2 A2 N/A 227924AF4 993201.7 NS USD 988216.2 0.74 Long ABS-MBS CORP US N 2 2061-03-01 Variable 5.09 N N N N N N CROSS 2026-NQM2 A3 N/A 227924AG2 993201.7 NS USD 988222.86 0.74 Long ABS-MBS CORP US N 2 2061-03-01 Variable 5.24 N N N N N N DBC 2025-DBC D N/A 23306HAG0 150000 NS USD 151139.37 0.11 Long ABS-MBS CORP US N 2 2038-06-15 Variable 6.23 N N N N N N DPCCLO 2026-2A B N/A 25290DAE7 650000 NS USD 650000 0.49 Long ABS-MBS CORP KY N 2 2038-04-15 Variable 0 N N N N N N ELM48 2026-2A D N/A 289917AJ5 500000 NS USD 500000 0.37 Long ABS-MBS CORP KY N 2 2039-04-20 Variable 6.77 N N N N N N ELMW7 2020-4A D1RR N/A 29002QBA6 1000000 NS USD 990080.1 0.74 Long ABS-MBS CORP KY N 2 2037-10-17 Variable 6.78 N N N N N N ELM31 2024-7A D1 N/A 29003HAJ7 750000 NS USD 744974.4 0.56 Long ABS-MBS CORP KY N 2 2037-07-17 Variable 6.48 N N N N N N CNSL 2026-1A A2 N/A 315961AG7 999000 NS USD 989756.25 0.74 Long ABS-MBS CORP US N 2 2056-03-20 Fixed 5.08 N N N N N N CNSL 2026-1A B N/A 315961AJ1 999000 NS USD 990494.11 0.74 Long ABS-MBS CORP US N 2 2056-03-20 Fixed 5.42 N N N N N N FCBSL 2024-3A B N/A 34966PAE5 500000 NS USD 502558.2 0.38 Long ABS-MBS CORP KY N 2 2037-10-23 Variable 5.62 N N N N N N FCBSL 2023-3A DR N/A 349936AS3 500000 NS USD 497853.15 0.37 Long ABS-MBS CORP JE N 2 2037-01-23 Variable 6.62 N N N N N N FFIN 2024-2A D N/A 35040VAD1 792001.3 NS USD 809767.88 0.6 Long ABS-MBS CORP US N 2 2050-03-15 Fixed 6.59 N N N N N N FFIN 2025-1A E N/A 35040WAE7 1129427 NS USD 1109321.92 0.83 Long ABS-MBS CORP US N 2 2050-04-15 Fixed 8.37 N N N N N N FFIN 2025-3A E N/A 35042TAE2 654000 NS USD 665965.91 0.5 Long ABS-MBS CORP US N 2 2052-08-15 Fixed 8.42 N N N N N N GSMBS 2025-PJ7 A1 N/A 36272MAA4 365567.3 NS USD 371564.83 0.28 Long ABS-MBS CORP US N 2 2055-12-01 Variable 6 N N N N N N GSREFT 2026-FL1 B N/A 36274DAE4 500000 NS USD 500185.67 0.37 Long ABS-MBS CORP KY N 2 2043-04-19 Variable 5.66 N N N N N N GARNET 2025-4A E N/A 36626FAA2 500000 NS USD 489102.1 0.37 Long ABS-MBS CORP KY N 2 2039-01-20 Variable 8.66 N N N N N N KLLM 5A BR N/A 37148XAE2 1000000 NS USD 1002901.4 0.75 Long ABS-MBS CORP KY N 2 2037-07-22 Variable 5.66 N N N N N N GOCAP 2020-49A A1R2 N/A 38181HAC7 700000 NS USD 702026.85 0.52 Long ABS-MBS CORP KY N 2 2038-07-20 Variable 5.2 N N N N N N GPIF 2025-1A D N/A 38411WAD4 750000 NS USD 750668.48 0.56 Long ABS-MBS CORP US N 2 2028-08-01 Variable 8.15 N N N N N N HOMES 2024-NQM1 A1 N/A 40390TAA8 224553.3 NS USD 227570.8 0.17 Long ABS-MBS CORP US N 2 2069-07-01 Variable 5.92 N N N N N N JPMCC 2025-PHNY C N/A 46592UAE0 300000 NS USD 300094.02 0.22 Long ABS-MBS CORP US N 2 2041-01-15 Variable 6.2 N N N N N N JPMCC 2025-PHNY D N/A 46592UAG5 1000000 NS USD 1000274 0.75 Long ABS-MBS CORP US N 2 2041-01-15 Variable 6.85 N N N N N N JW 2024-BERY D N/A 46676AAG8 1200000 NS USD 1215156.6 0.91 Long ABS-MBS CORP US N 2 2039-11-15 Variable 6.42 N N N N N N KKR 49A D1R N/A 481939AX4 250000 NS USD 248284.93 0.19 Long ABS-MBS CORP KY N 2 2037-10-20 Variable 6.98 N N N N N N KKR 27A CR2 N/A 48253YBS6 290000 NS USD 289714.06 0.22 Long ABS-MBS CORP KY N 2 2035-01-15 Variable 5.57 N N N N N N KKR 31A E N/A 48254MAA1 300000 NS USD 264199.71 0.2 Long ABS-MBS CORP KY N 2 2034-04-20 Variable 10.41 N N N N N N KKR 2026-63A C N/A 48257PAG8 999000 NS USD 999000 0.75 Long ABS-MBS CORP KY N 2 2039-04-20 Variable 5.73 N N N N N N KKR 38A D1R N/A 48259BBA9 500000 NS USD 499514.8 0.37 Long ABS-MBS CORP KY N 2 2038-01-15 Variable 6.93 N N N N N N LMRK 2025-1A B N/A 50209AAJ0 300000 NS USD 302799.93 0.23 Long ABS-MBS CORP US N 2 2055-09-15 Fixed 6.2 N N N N N N LS 2026-HTL6 C N/A 50220QAE1 800000 NS USD 796820.64 0.59 Long ABS-MBS CORP US N 2 2040-12-15 Variable 5.83 N N N N N N LS 2026-HTL6 D N/A 50220QAG6 650000 NS USD 647744.44 0.48 Long ABS-MBS CORP US N 2 2040-12-15 Variable 6.85 N N N N N N LPATH 2026-1A A2 N/A 53229YAA7 1000000 NS USD 999263.2 0.75 Long ABS-MBS CORP US N 2 2056-03-25 Fixed 5.6 N N N N N N MFRA 2024-NQM1 A1 N/A 55286VAA8 176454.3 NS USD 178540.67 0.13 Long ABS-MBS CORP US N 2 2069-04-01 Variable 6.58 N N N N N N MDPK 2022-62A CR2 N/A 55817HBC2 250000 NS USD 251064.25 0.19 Long ABS-MBS CORP KY N 2 2038-07-16 Variable 5.68 N N N N N N MFIT 2024-AA D N/A 567928AD8 112000 NS USD 113563.34 0.08 Long ABS-MBS CORP US N 2 2036-09-20 Fixed 6.77 N N N N N N MFIT 2025-BA D N/A 56847TAD7 500000 NS USD 494753.35 0.37 Long ABS-MBS CORP US N 2 2038-11-20 Fixed 5.84 N N N N N N MKTST 2025-2A D1 N/A 57064FAJ8 750000 NS USD 753482.33 0.56 Long ABS-MBS CORP KY N 2 2038-04-20 Variable 7.13 N N N N N N MNET 2026-1A C N/A 59170JBL1 500000 NS USD 495294.91 0.37 Long ABS-MBS CORP US N 2 2056-04-20 Fixed 7.1 N N N N N N MIDO 2025-21A D1 N/A 597924AJ8 125000 NS USD 123966.03 0.09 Long ABS-MBS CORP KY N 2 2038-10-20 Variable 6.48 N N N N N N MIDO 2024-14A DR N/A 59803FAW1 500000 NS USD 496775 0.37 Long ABS-MBS CORP JE N 2 2037-04-15 Variable 0 N N N N N N MIDO 2023-12A ERR N/A 59804HAG1 250000 NS USD 238499.53 0.18 Long ABS-MBS CORP JE N 2 2038-07-18 Variable 10.18 N N N N N N MONTPK 2026-1A D1 N/A 61218AAJ6 1000000 NS USD 1000530.2 0.75 Long ABS-MBS CORP KY N 2 2039-04-24 Variable 6.87 N N N N N N MPOWR 2025-A A N/A 624930AA1 839029 NS USD 845311.82 0.63 Long ABS-MBS CORP US N 2 2042-07-20 Fixed 6.62 N N N N N N NALP 2026-1 A N/A 62986BAA1 911379.1 NS USD 909118.71 0.68 Long ABS-MBS CORP US N 2 2051-06-25 Fixed 5.72 N N N N N N NALP 2026-1 B N/A 62986BAB9 456145.7 NS USD 452438.47 0.34 Long ABS-MBS CORP US N 2 2051-06-25 Fixed 7.18 N N N N N N NAVS 2025-4A D1 N/A 63943VAJ8 250000 NS USD 251152.7 0.19 Long ABS-MBS CORP KY N 2 2037-10-15 Variable 6.92 N N N N N N NAVS 2026-6A D1 N/A 63944AAJ3 1000000 NS USD 1004550 0.75 Long ABS-MBS CORP KY N 2 2037-04-15 Variable 7.46 N N N N N N NAVS 2026-6A E N/A 63944BAA0 300000 NS USD 300420 0.22 Long ABS-MBS CORP KY N 2 2037-04-15 Variable 10.08 N N N N N N NEUB 2016-22A D1R3 N/A 64131BBJ1 650000 NS USD 648342.5 0.48 Long ABS-MBS CORP KY N 2 2040-04-17 Variable 0 N N N N N N NRZT 2026-NQM4 A1 N/A 64790AAE7 1000000 NS USD 994971.19 0.74 Long ABS-MBS CORP US N 2 2066-02-25 Variable 5 N N N N N N NRZT 2026-NQM4 A3 N/A 64790AAG2 1000000 NS USD 994457.31 0.74 Long ABS-MBS CORP US N 2 2066-02-01 Variable 5.36 N N N N N N NRZT 2025-NQM3 A1 N/A 64832CAC7 402799.3 NS USD 404280.2 0.3 Long ABS-MBS CORP US N 2 N N N WOODS 2020-22A C1R3 N/A 66858HBS4 300000 NS USD 300908.7 0.22 Long ABS-MBS CORP KY N 2 2038-03-16 Variable 5.77 N N N N N N WOODS 2020-22A D1R3 N/A 66858HBW5 300000 NS USD 300096.21 0.22 Long ABS-MBS CORP KY N 2 2038-03-16 Variable 7.07 N N N N N N WOODS 2018-11BA BR N/A 66860JAS7 1000000 NS USD 1000011.2 0.75 Long ABS-MBS CORP KY N 2 2037-07-19 Variable 5.58 N N N N N N OCP 2024-37A D1 N/A 67120AAL5 1000000 NS USD 1001924.5 0.75 Long ABS-MBS CORP JE N 2 2037-10-15 Variable 6.62 N N N N N N OBX 2026-NQM1 A1 N/A 67123HAA1 488337.8 NS USD 482891.08 0.36 Long ABS-MBS CORP US N 2 2065-11-01 Variable 4.85 N N N N N N OBX 2026-NQM2 A1 N/A 67123VAF9 984330.1 NS USD 982162.86 0.73 Long ABS-MBS CORP US N 2 2065-12-01 Variable 4.82 N N N N N N OBX 2026-R1 A1 N/A 67124AAC1 500000 NS USD 497003.3 0.37 Long ABS-MBS CORP US N 2 2063-01-25 Variable 4.88 N N N N N N OBRAC 2025-2A D2 N/A 674436AL4 650000 NS USD 647184.14 0.48 Long ABS-MBS CORP KY N 2 2038-07-20 Variable 7.93 N N N N N N OBX 2026-NQM3 A1 N/A 67449MAF6 988551.9 NS USD 977352.73 0.73 Long ABS-MBS CORP US N 2 2066-01-01 Variable 4.65 N N N N N N OCP 2024-36A D1 N/A 67570EAJ7 1000000 NS USD 1001946.8 0.75 Long ABS-MBS CORP JE N 2 2037-10-16 Variable 6.63 N N N N N N OCPA 2024-39A CR N/A 67570HAG6 250000 NS USD 249478.8 0.19 Long ABS-MBS CORP JE N 2 2038-04-16 Variable 5.33 N N N N N N OCPA 2024-39A D1R N/A 67570HAJ0 450000 NS USD 442971.05 0.33 Long ABS-MBS CORP JE N 2 2038-04-16 Variable 6.28 N N N N N N OCP 2023-27A ER2 N/A 67570LAC6 250000 NS USD 241245.68 0.18 Long ABS-MBS CORP KY N 2 2038-07-15 Variable 8.62 N N N N N N OCPA 2024-39A ER N/A 67570PAA1 399000 NS USD 381275.86 0.28 Long ABS-MBS CORP JE N 2 2038-04-16 Variable 8.68 N N N N N N OAKC 2024-17RA D1 N/A 676920AL5 375000 NS USD 351243.75 0.26 Long ABS-MBS CORP KY N 2 2039-04-20 Variable 5.97 N N N N N N AOA 2025-1301 D N/A 682461AJ7 250000 NS USD 251947.78 0.19 Long ABS-MBS CORP US N 2 2030-08-01 Variable 6.43 N N N N N N OPTN 2025-D D N/A 68379HAD4 1000000 NS USD 1011326.9 0.76 Long ABS-MBS CORP US N 2 2033-02-08 Fixed 6.97 N N N N N N OPTN 2026-A D N/A 68390VAD8 1000000 NS USD 1000719.1 0.75 Long ABS-MBS CORP US N 2 2034-01-09 Fixed 6.28 N N N N N N PGA 2024-RSR2 D N/A 69381CAL1 1000000 NS USD 999748.1 0.75 Long ABS-MBS CORP US N 2 2039-06-15 Variable 7.14 N N N N N N PFP 2025-12 D N/A 69382JAE1 750000 NS USD 748502.4 0.56 Long ABS-MBS CORP KY N 2 2042-12-16 Variable 6.75 N N N N N N PMTLT 2026-CNF2 A2 N/A 69393FAB2 250000 NS USD 244460.75 0.18 Long ABS-MBS CORP US N 2 2057-02-25 Variable 5 N N N N N N PMTLT 2026-CNF2 A24 N/A 69393FBA3 250000 NS USD 249465.3 0.19 Long ABS-MBS CORP US N 2 2057-02-25 Variable 5 N N N N N N PAID 2026-1 B N/A 694969AC0 500000 NS USD 497526.19 0.37 Long ABS-MBS CORP US N 2 2033-09-15 Fixed 5.37 N N N N N N PAID 2026-1 C N/A 694969AD8 500000 NS USD 498209 0.37 Long ABS-MBS CORP US N 2 2033-09-15 Fixed 5.51 N N N N N N PAID 2026-1 D N/A 694969AE6 797000 NS USD 791876.83 0.59 Long ABS-MBS CORP US N 2 2033-09-15 Fixed 5.74 N N N N N N PAID 2026-R1 C N/A 694971AC6 250000 NS USD 248639.85 0.19 Long ABS-MBS CORP US N 2 2033-12-15 Fixed 5.41 N N N N N N PAID 2026-R1 D N/A 694971AD4 750000 NS USD 742489.43 0.55 Long ABS-MBS CORP US N 2 2033-12-15 Fixed 5.75 N N N N N N PAID 2026-R1 E N/A 694972AA8 500000 NS USD 501647.95 0.37 Long ABS-MBS CORP US N 2 2033-12-15 Fixed 9.29 N N N N N N PAID 2025-4 D N/A 69547DAE6 1249955.6 NS USD 1256069.73 0.94 Long ABS-MBS CORP US N 2 2033-01-15 Fixed 6.57 N N N N N N PFP 2026-13 D N/A 716966AJ5 250000 NS USD 249702 0.19 Long ABS-MBS CORP KY N 2 2043-08-18 Variable 6.06 N N N N N N POLEN 2025-2A C N/A 73110AAD3 1000000 NS USD 1002700.1 0.75 Long ABS-MBS CORP KY N 2 2039-01-20 Variable 5.71 N N N N N N QTS 2025-1A B N/A 74690DAB7 1000000 NS USD 980718.3 0.73 Long ABS-MBS CORP US N 2 2055-05-25 Fixed 5.93 N N N N N N QTSII 2026-4A A2 N/A 74690FBC9 1000000 NS USD 993348.09 0.74 Long ABS-MBS CORP US N 2 2056-03-05 Fixed 5.7 N N N N N N QTSII 2026-4A B N/A 74690FBJ4 1000000 NS USD 994095.87 0.74 Long ABS-MBS CORP US N 2 2056-03-05 Fixed 6.73 N N N N N N RRAM 2024-28RA BR2 N/A 74989NAU3 1000000 NS USD 1003010.1 0.75 Long ABS-MBS CORP KY N 2 2041-04-15 Variable 5.68 N N N N N N REGT8 2017-1A BR N/A 75888KAQ7 745000 NS USD 747899.39 0.56 Long ABS-MBS CORP KY N 2 2037-04-17 Variable 5.73 N N N N N N RMIT 2025-2 D N/A 75908BAD2 100000 NS USD 100953.95 0.08 Long ABS-MBS CORP US N 2 2037-11-16 Fixed 6.01 N N N N N N REPS 2025-A E N/A 76042FAE6 1000000 NS USD 1000408.2 0.75 Long ABS-MBS CORP US N 2 2034-11-20 Fixed 7.7 N N N N N N RPM 2026-R1A A N/A 76089TAA8 1000000 NS USD 1001216.6 0.75 Long ABS-MBS CORP US N 2 2034-07-25 Fixed 5.66 N N N N N N RPM 2026-R1A B N/A 76089TAB6 1000000 NS USD 1000418.01 0.75 Long ABS-MBS CORP US N 2 2034-07-25 Fixed 6.21 N N N N N N RPM 2026-R1A C N/A 76089TAC4 1500000 NS USD 1500753.66 1.12 Long ABS-MBS CORP US N 2 2034-07-25 Fixed 6.96 N N N N N N RPM 2026-1A C N/A 76100KAE4 1000000 NS USD 994515.8 0.74 Long ABS-MBS CORP US N 2 2035-01-25 Fixed 5.69 N N N N N N RPM 2026-1A D N/A 76100KAF1 1000000 NS USD 995358.87 0.74 Long ABS-MBS CORP US N 2 2035-01-25 Fixed 6.52 N N N N N N RPM 2026-1A E N/A 76100NAB4 500000 NS USD 500000 0.37 Long ABS-MBS CORP US N 2 2035-01-25 Fixed 11.07 N N N N N N SCUL 30A D1R N/A 81124NAY6 550000 NS USD 545837.66 0.41 Long ABS-MBS CORP KY N 2 2038-07-20 Variable 7.28 N N N N N N SCUL 26A BR N/A 81124TAQ0 1000000 NS USD 1002447.3 0.75 Long ABS-MBS CORP KY N 2 2038-01-20 Variable 5.53 N N N N N N SEMT 2025-6 A1 N/A 81749YAA9 261159.5 NS USD 265444.09 0.2 Long ABS-MBS CORP US N 2 2055-07-01 Variable 6 N N N N N N SHENTL 2025-1A B N/A 82321AAB3 1000000 NS USD 1008417.46 0.75 Long ABS-MBS CORP US N 2 2055-12-20 Fixed 6.03 N N N N N N SRFC 2026-1A D N/A 82652VAD2 1000000 NS USD 995733.55 0.74 Long ABS-MBS CORP US N 2 2042-12-20 Fixed 7.1 N N N N N N SPCLO 2024-4A D N/A 82809EAG5 500000 NS USD 497546.7 0.37 Long ABS-MBS CORP JE N 2 2037-04-15 Variable 7.77 N N N N N N SNDPT 2021-1A B1R N/A 83614VAW5 300000 NS USD 300317.28 0.22 Long ABS-MBS CORP KY N 2 2034-04-25 Variable 5.27 N N N N N N SNDPT 2021-3A B N/A 83615PAC1 250000 NS USD 250210.23 0.19 Long ABS-MBS CORP KY N 2 2034-10-25 Variable 5.58 N N N N N N STRE 2026-1A C N/A 86325MAC2 700000 NS USD 691610.61 0.52 Long ABS-MBS CORP US N 2 2046-08-15 Fixed 6.05 N N N N N N STRE 2026-1A D N/A 86325MAD0 350000 NS USD 347312.18 0.26 Long ABS-MBS CORP US N 2 2046-08-15 Fixed 8.18 N N N N N N SWTCH 2024-1A B N/A 871044AC7 1000000 NS USD 1000773.8 0.75 Long ABS-MBS CORP US N 2 2054-03-25 Fixed 6.5 N N N N N N SWTCH 2024-2A B N/A 871044AG8 750000 NS USD 739630.65 0.55 Long ABS-MBS CORP US N 2 2054-06-25 Fixed 6.2 N N N N N N SYMP 2022-33A D1R N/A 87169JAS1 1000000 NS USD 975631.3 0.73 Long ABS-MBS CORP JE N 2 2038-01-24 Variable 6.27 N N N N N N TPGCLO 2025-1A B N/A 87268JAE2 1000000 NS USD 1002195.9 0.75 Long ABS-MBS CORP KY N 2 2038-07-15 Variable 5.47 N N N N N N TPGCLO 2025-1A D1 N/A 87268JAJ1 400000 NS USD 399373.8 0.3 Long ABS-MBS CORP KY N 2 2038-07-15 Variable 7.02 N N N N N N TCIFC 2024-1A C N/A 88240JAG8 500000 NS USD 502244.2 0.37 Long ABS-MBS CORP KY N 2 2037-04-22 Variable 6.01 N N N N N N TRNTS 2024-28A BR N/A 89640FAU9 650000 NS USD 650000 0.49 Long ABS-MBS CORP KY N 2 2039-04-25 Variable 0 N N N N N N TRNTS 2024-28A CR N/A 89640FAY1 400000 NS USD 400000 0.3 Long ABS-MBS CORP KY N 2 2039-04-25 Variable 0 N N N N N N TRNTS 2024-28A D1R N/A 89640FBA2 650000 NS USD 650000 0.49 Long ABS-MBS CORP KY N 2 2039-04-25 Variable 0 N N N N N N UPST 2025-4 D N/A 91684AAE9 653000 NS USD 667031.14 0.5 Long ABS-MBS CORP US N 2 2035-11-20 Fixed 7.67 N N N N N N UPXHI 2025-1 B N/A 916925AB6 1000000 NS USD 996633.3 0.74 Long ABS-MBS CORP US N 2 2047-01-25 Fixed 6.07 N N N N N N VERUS 2025-11 A3 N/A 924935AJ8 962600 NS USD 959500.81 0.72 Long ABS-MBS CORP US N 2 2070-11-25 Variable 5.27 N N N N N N VBTOW 2025-1A B N/A 92535VAS1 1250000 NS USD 1248868.63 0.93 Long ABS-MBS CORP US N 2 2055-08-16 Fixed 5.6 N N N N N N VBTOW 2025-1A C N/A 92535VAU6 450000 NS USD 457372.71 0.34 Long ABS-MBS CORP US N 2 2055-08-16 Fixed 7.45 N N N N N N VERUS 2026-1 A1 N/A 92541JAF8 493950.4 NS USD 489453.24 0.37 Long ABS-MBS CORP US N 2 2071-01-01 Variable 4.86 N N N N N N ZAYO 2025-3A A2 N/A 98919WAN3 1000000 NS USD 996931.7 0.74 Long ABS-MBS CORP US N 2 2055-10-20 Fixed 5.57 N N N N N N ZAYO 2025-3A B N/A 98919WAQ6 1250000 NS USD 1244472.75 0.93 Long ABS-MBS CORP US N 2 2055-10-20 Fixed 5.72 N N N N N N ACHM 2023-HE1 B N/A 00092AAB2 500000 NS USD 512422.15 0.38 Long ABS-MBS CORP US N 2 2037-11-25 Variable 7 N N N N N N AOMT 2024-4 A2 N/A 034943AB6 151071.9 NS USD 152345.04 0.11 Long ABS-MBS CORP US N 2 2069-01-01 Variable 6.4 N N N N N N JPMMT 2024-NQM1 M1A N/A 465983AD6 400000 NS USD 400235.84 0.3 Long ABS-MBS CORP US N 2 2064-02-01 Variable 6.41 N N N N N N PFMT 2025-2 A1 N/A 74389DAA5 113926.9 NS USD 115653.63 0.09 Long ABS-MBS CORP US N 2 2055-06-01 Variable 6 N N N N N N SEMT 2025-5 A1 N/A 81743GAA4 368106 NS USD 371384.44 0.28 Long ABS-MBS CORP US N 2 2055-06-01 Variable 6 N N N N N N Goldman Sachs Financ N/A 38141W273 991089.2 NS USD 991089.15 0.74 Long STIV US N 1 N N N 2026-05-19 Spinnaker ETF Series Pete Mccabe Pete Mccabe Principal Accounting Officer/Principal Financial Officer XXXX