[SCHEDULE 13G/A] Genter Capital Taxable Quality Intermediate ETF SEC Filing

Rhea-AI Filing Summary

BNY Mellon reporting large passive stake in Genter Capital Taxable Quality Intermediate ETF. The Schedule 13G/A shows The Bank of New York Mellon Corporation and three related reporting persons (BNY Mellon IHC, LLC; MBC Investments Corp; BNY Mellon Advisors, Inc.) each report an aggregate beneficial ownership of 1,384,344 shares, representing 27.9% of the class for CUSIP 84858T798 (Genter Capital Taxable Quality Intermediate ETF). The filing clarifies these shares are held by BNY Mellon and its subsidiaries in various fiduciary capacities and were acquired and are held in the ordinary course of business, not to influence control. Signatures by an Attorney-In-Fact are dated 09/05/2025.

Positive

• Detailed, compliant disclosure of beneficial ownership by BNY Mellon and affiliates for CUSIP 84858T798
• Clear fiduciary statement that shares are held in various fiduciary capacities and not to influence control
• Use of Schedule 13G/A indicating passive intent under SEC rules

Negative

• High concentration: reported aggregate ownership equals 27.9% of the class, which is materially large for a single reporting group

Insights

Securities Analyst

TL;DR: A large, disclosed passive holding (27.9%) by BNY Mellon entities; appears fiduciary and non-control in nature.

The filing documents a substantial position equal to 27.9% of the ETF's class held by The Bank of New York Mellon Corporation and affiliated reporting persons. The Schedule 13G/A classification and the certification language indicate these positions are held in fiduciary capacities and "in the ordinary course of business," not for the purpose of changing control. For investors, the key takeaway is concentration: over one-quarter of the ETF's shares are reported under BNY Mellon-related ownership, which may affect voting outcomes or liquidity in certain scenarios, although the filer disclaims intent to influence control.

Corporate Governance Expert

TL;DR: Material ownership disclosed; governance risk appears mitigated by fiduciary disclosure and Schedule 13G treatment.

The registrants selected Schedule 13G/A and included explicit certification that holdings are fiduciary and not for control. That classification typically signals passive investor status under SEC rules. From a governance perspective, the filing is comprehensive: it names the issuer address, lists each reporting person, provides voting and dispositive power numbers, and states that no single third party holds more than 5% separately. While 27.9% is a substantial concentration, the filing’s language and form selection reduce immediate concerns about activist influence.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Spinnaker ETF Series

(Name of Issuer)

Genter Capital Taxable Quality Intermediate ETF

(Title of Class of Securities)

84858T798

(CUSIP Number)

08/31/2025

(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)

SCHEDULE 13G

CUSIP No. 84858T798

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 1,354,651.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,384,344.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,384,344.00

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)

27.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 84858T798

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 1,354,651.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,384,344.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,384,344.00

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)

27.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 84858T798

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 1,354,651.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,384,344.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,384,344.00

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)

27.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 84858T798

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 1,354,651.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,384,344.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,384,344.00

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)

27.9 %

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 Taxable Quality Intermediate ETF
(e)	CUSIP No.: 84858T798
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.
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.

Bank of New York Mellon Corp

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	09/05/2025

BNY Mellon IHC, LLC

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	09/05/2025

MBC Investments Corp

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	09/05/2025

BNY Mellon Advisors, Inc.

Signature:	Andrew Weiser
Name/Title:	Attorney-In-Fact
Date:	09/05/2025

FAQ

Who filed the Schedule 13G/A for Genter Capital Taxable Quality Intermediate ETF (GENT)?

The filing was made by The Bank of New York Mellon Corporation and related reporting persons: BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc.

How many shares and what percentage of the class does BNY Mellon report owning for CUSIP 84858T798?

Each reporting person lists an aggregate beneficial ownership of 1,384,344 shares, representing 27.9% of the class.

Are the shares reported as held for control or in a fiduciary capacity?

The filing states the securities are held by BNY Mellon and its subsidiaries "in various fiduciary capacities" and that they were not acquired to influence control.

What form was used to report the ownership and when was it signed?

The ownership was reported on a Schedule 13G/A, and the signatures by the Attorney-In-Fact (Andrew Weiser) are dated 09/05/2025.

Does the filing identify any other person with more than 5% interest?

The filing states that no one other person's interest in the securities reported herein is more than 5%.