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Bank of New York Mellon Corp, BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc. are identified as reporting persons for Genter Capital Municipal Quality Intermediate ETF. Each reporting person's cover page lists beneficial ownership of 2,393,762 shares, or 75.3% of the class; these are repeated reporting-person figures, not an aggregate total. Each cover page also lists sole voting power over 2,393,762 shares and shared dispositive power over 2,393,762 shares, with zero sole dispositive power and zero shared voting power. The report states that the securities are held by the corporation and its subsidiaries in various fiduciary capacities and that the disclosure is not an admission of beneficial ownership for purposes of Sections 13(d) or 13(g).
Key Figures
Beneficial ownership:2,393,762 sharesPercent of class:75.3%Sole voting power:2,393,762 shares+3 more
6 metrics
Beneficial ownership2,393,762 sharesListed on each of the four reporting-person cover pages
Percent of class75.3%Reported for each reporting person
Sole voting power2,393,762 sharesListed on each reporting-person cover page
Shared voting power0 sharesListed on each reporting-person cover page
Sole dispositive power0 sharesListed on each reporting-person cover page
Shared dispositive power2,393,762 sharesListed on each reporting-person cover page
Key Terms
beneficially owned, Sole Voting Power, Shared Dispositive Power, fiduciary capacities
4 terms
beneficially ownedregulatory
"All of the securities are beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Powerregulatory
"Sole Voting Power 2,393,762.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 2,393,762.00"
fiduciary capacitiesregulatory
"in their various fiduciary capacities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Genter Capital Municipal Quality Intermediate ETF shares does BNY report?
Each of the four reporting-person cover pages lists 2,393,762 shares, equal to 75.3% of the class. The repeated figures are reported separately for each reporting person and are not an aggregate total.
Who is entitled to dividends or sale proceeds from BNY's reported ETF shares?
The report says another entity in every instance is entitled to dividends or proceeds from a sale because the securities are beneficially owned by Bank of New York Mellon Corp and its direct or indirect subsidiaries in various fiduciary capacities. It also states that no one other person's interest in the securities is more than 5%.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)
Spinnaker ETF Series
(Name of Issuer)
Genter Capital Municipal Quality Intermediate ETF
(Title of Class of Securities)
84858T780
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
84858T780
1
Names of Reporting Persons
Bank of New York Mellon Corp
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,393,762.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,393,762.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,393,762.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
75.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
84858T780
1
Names of Reporting Persons
BNY Mellon IHC, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,393,762.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,393,762.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,393,762.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
75.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
84858T780
1
Names of Reporting Persons
MBC Investments Corp
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,393,762.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,393,762.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,393,762.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
75.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
84858T780
1
Names of Reporting Persons
BNY Mellon Advisors, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,393,762.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,393,762.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,393,762.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
75.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Spinnaker ETF Series
(b)
Address of issuer's principal executive offices:
116 SOUTH FRANKLIN STREET, ROCKY MOUNT, NORTH CAROLINA, 27802-0069.
Item 2.
(a)
Name of person filing:
The Bank of New York Mellon Corporation
(b)
Address or principal business office or, if none, residence:
240 Greenwich Street
New York, New York 10286
(c)
Citizenship:
See cover page
(d)
Title of class of securities:
Genter Capital Municipal Quality Intermediate ETF
(e)
CUSIP No.:
84858T780
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
The filing of this Schedule 13G shall not be construed as an admission that The Bank of New York Mellon Corporation, or its direct or indirect subsidiaries, including The Bank of New York Mellon and BNY Mellon, National Association, are for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by this Schedule 13G.
(b)
Percent of class:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(ii) Shared power to vote or to direct the vote:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(iii) Sole power to dispose or to direct the disposition of:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(iv) Shared power to dispose or to direct the disposition of:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities are beneficially owned by The Bank of New York Mellon Corporation and its direct or indirect subsidiaries in their various fiduciary capacities. As a result, another entity in every instance is entitled to dividends or proceeds of sale.
No one other person's interest in the securities reported herein is more than 5%.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit I.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
