# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0001387131-23-002249
**Filing Date:** 2023-2
**Character Count:** 38204
**Document Hash:** e4bd77e55f366f75f7208b9a56767941
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002249.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001387131-23-002249

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Starboard Investment Trust
- **CENTRAL INDEX KEY:** 0001464413
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22298
- **FILM NUMBER:** 23647956

**BUSINESS ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069
- **BUSINESS PHONE:** 252-972-9922 EXT.249

**MAIL ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069

## Series and Classes Contracts Data

### Matisse Discounted Closed-End Fund Strategy (Series ID: S000038548)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000119000 | Institutional Class Shares | MDCEX           |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STATE | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI |
| 125 | Matisse Discounted Closed-End Fund | FAX | ABERDEEN ASIA | PACIFIC INCOME FUND |  | 003009107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 2.63 |  |  |  |  |  | ABERDEEN ASIA | PACIFIC INCOME FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1788.60 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 5420.00 | 15260.70 | 15260.70 | 14254.60 | 14254.60 | -1006.10 | -1006.10 | 12.55 | False | 0.00 | N/A | 0.03 | 0.04 | 0.04 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | ASA | ASA Gold and Preciou | s Metals Ltd |  | G3156P103 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | BMD | BERMUDA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 14.31 |  |  |  |  |  | ASA Gold and Preciou | s Metals Ltd |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 404.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 20200.00 | 402747.00 | 402747.00 | 289062.00 | 289062.00 | -113685.00 | -113685.00 | 0.14 | False | 0.00 | N/A | 0.71 | 0.78 | 0.79 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | BCAT | Blackrock Capital Al | location Trust |  | 09260U109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 13.87 |  |  |  |  |  | Blackrock Capital Al | location Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 81997.49 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 65640.00 | 931259.42 | 931259.42 | 910426.80 | 910426.80 | -20832.62 | -20832.62 | 9.01 | False | 0.00 | N/A | 2.23 | 2.47 | 2.49 | 0.00 |  | 549300LRIF3NWCU26A80 |
| 125 | Matisse Discounted Closed-End Fund | ECAT | Blackrock ESG Capita | l Allocation Trust |  | 09262F100 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 13.43 |  |  |  |  |  | Blackrock ESG Capita | l Allocation Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 120000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 100000.00 | 1447531.20 | 1447531.20 | 1343000.00 | 1343000.00 | -104531.20 | -104531.20 | 8.94 | False | 0.00 | N/A | 3.29 | 3.64 | 3.67 | 0.00 |  | 549300LRIF3NWCU26A80 |
| 125 | Matisse Discounted Closed-End Fund | BMEZ | BLACKROCK HEALTH | SCIENCES TRUST II |  | 09260E105 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 15.43 |  |  |  |  |  | BLACKROCK HEALTH | SCIENCES TRUST II |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 142680.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 82000.00 | 1417430.09 | 1417430.09 | 1265260.00 | 1265260.00 | -152170.09 | -152170.09 | 11.28 | False | 0.00 | N/A | 3.10 | 3.43 | 3.46 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | BIGZ | BlackRock Innovation | & Growth Trust |  | 09260Q108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 6.81 |  |  |  |  |  | BlackRock Innovation | & Growth Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 207900.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 210000.00 | 2691605.84 | 2691605.84 | 1430100.00 | 1430100.00 | -1261505.84 | -1261505.84 | 14.54 | False | 0.00 | N/A | 3.50 | 3.88 | 3.91 | 0.00 |  | 549300LRIF3NWCU26A80 |
| 125 | Matisse Discounted Closed-End Fund | BSTZ | BlackRock Science & | Technology Trust II |  | 09260K101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 15.64 |  |  |  |  |  | BlackRock Science & | Technology Trust II |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 184320.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 80000.00 | 1425542.28 | 1425542.28 | 1251200.00 | 1251200.00 | -174342.28 | -174342.28 | 14.73 | False | 0.00 | N/A | 3.06 | 3.39 | 3.42 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | CEE | Central and Eastern | Europe Fund Inc |  | 153436100 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 8.26 |  |  |  |  |  | Central and Eastern | Europe Fund Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8114.61 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 33995.00 | 866565.88 | 866565.88 | 280798.70 | 280798.70 | -585767.18 | -585767.18 | 2.89 | False | 0.00 | N/A | 0.69 | 0.76 | 0.77 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | CEM | CLEARBRIDGE | MLP & MIDSTREAM |  | 184692200 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 33.36 |  |  |  |  |  | CLEARBRIDGE | MLP & MIDSTREAM |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 134560.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 58000.00 | 1522329.81 | 1522329.81 | 1934880.00 | 1934880.00 | 412550.19 | 412550.19 | 6.95 | False | 0.00 | N/A | 4.74 | 5.25 | 5.29 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | CTR | CLEARBRIDGE ENERGY | MLP TOTAL RETURN FUN |  | 18469Q207 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 28.27 |  |  |  |  |  | CLEARBRIDGE ENERGY | MLP TOTAL RETURN FUN |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 101000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 50000.00 | 1204393.29 | 1204393.29 | 1413500.00 | 1413500.00 | 209106.71 | 209106.71 | 7.15 | False | 0.00 | N/A | 3.46 | 3.84 | 3.87 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | NXG | Cushing NextGen | Infrastructure |  | 231647207 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 38.27 |  |  |  |  |  | Cushing NextGen | Infrastructure |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 76752.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 30000.00 | 1176983.71 | 1176983.71 | 1148100.00 | 1148100.00 | -28883.71 | -28883.71 | 6.69 | False | 0.00 | N/A | 2.81 | 3.11 | 3.14 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | DMA | Destra Multi-Alterna | tive Fund |  | 25065A502 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 6.83 |  |  |  |  |  | Destra Multi-Alterna | tive Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 111184.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 174461.00 | 1233579.48 | 1233579.48 | 1191568.63 | 1191568.63 | -42010.85 | -42010.85 | 9.33 | False | 0.00 | N/A | 2.92 | 3.23 | 3.26 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | DNIF | Dividend and Income | Fund |  | 25538A204 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 11.09 |  |  |  |  |  | Dividend and Income | Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 165000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 125000.00 | 1644098.10 | 1644098.10 | 1386250.00 | 1386250.00 | -257848.10 | -257848.10 | 11.90 | False | 0.00 | N/A | 3.40 | 3.76 | 3.79 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | TEAF | ECOFIN SUSTAINABLE | SOCIAL IMPACT FUND |  | 27901F109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | KS | KANSAS | USD | US DOLLAR | 1/0/1900 |  |  | 12.85 |  |  |  |  |  | ECOFIN SUSTAINABLE | SOCIAL IMPACT FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16669.80 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 15876.00 | 227698.36 | 227698.36 | 204006.60 | 204006.60 | -23691.76 | -23691.76 | 8.17 | False | 0.00 | N/A | 0.50 | 0.55 | 0.56 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | EEA | EUROPEAN EQUITY FUND | INC |  | 298768102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 7.50 |  |  |  |  |  | EUROPEAN EQUITY FUND | INC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 105806.14 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 48342.00 | 539091.77 | 539091.77 | 362565.00 | 362565.00 | -176526.77 | -176526.77 | 29.18 | False | 0.00 | N/A | 0.89 | 0.98 | 0.99 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | GER | Goldman Sachs MLP | Energy and Renaissan |  | 38148G206 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 12.78 |  |  |  |  |  | Goldman Sachs MLP | Energy and Renaissan |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 131950.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 182000.00 | 1825303.20 | 1825303.20 | 2325960.00 | 2325960.00 | 500656.80 | 500656.80 | 5.67 | False | 0.00 | N/A | 5.70 | 6.31 | 6.36 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | CUBA | HERZFELD CARIBBEAN | BASIN FUND |  | 42804T106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | FL | FLORIDA | USD | US DOLLAR | 1/0/1900 |  |  | 3.70 |  |  |  |  |  | HERZFELD CARIBBEAN | BASIN FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 48796.02 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 55655.57 | 221557.97 | 221557.97 | 205925.60 | 205925.60 | -15632.37 | -15632.37 | 23.70 | False | 0.00 | N/A | 0.50 | 0.56 | 0.56 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | HGLB | HIGHLAND GLOBAL | ALLOCATION FUND |  | 43010T104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 9.42 |  |  |  |  |  | HIGHLAND GLOBAL | ALLOCATION FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 30099.06 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 31288.00 | 274084.86 | 274084.86 | 294732.96 | 294732.96 | 20648.10 | 20648.10 | 10.21 | False | 0.00 | N/A | 0.72 | 0.80 | 0.81 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | HFRO | HIGHLAND INCOME FUND |  |  | 43010E404 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 10.30 |  |  |  |  |  | HIGHLAND INCOME FUND |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 124740.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 135000.00 | 1540536.10 | 1540536.10 | 1390500.00 | 1390500.00 | -150036.10 | -150036.10 | 8.97 | False | 0.00 | N/A | 3.41 | 3.77 | 3.80 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | KMF | KAYNE ANDERSON MID= | STREAM/ENE |  | 48661E108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 7.51 |  |  |  |  |  | KAYNE ANDERSON MID= | STREAM/ENE |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 26795.78 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 43219.00 | 305927.96 | 305927.96 | 324574.69 | 324574.69 | 18646.73 | 18646.73 | 8.26 | False | 0.00 | N/A | 0.79 | 0.88 | 0.89 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | MEGI | MainStay CBRE Global | Infrastructure Mega |  | 56064Q107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 13.65 |  |  |  |  |  | MainStay CBRE Global | Infrastructure Mega |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 84300.00 | 1192984.90 | 1192984.90 | 1150695.00 | 1150695.00 | -42289.90 | -42289.90 | 0.00 | False | 0.00 | N/A | 2.82 | 3.12 | 3.15 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | MXE | Mexico Equity & Inco | me Fund Inc/Fund |  | 592834105 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 1/0/1900 |  |  | 8.78 |  |  |  |  |  | Mexico Equity & Inco | me Fund Inc/Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 132000.00 | 1122576.86 | 1122576.86 | 1158960.00 | 1158960.00 | 36383.14 | 36383.14 | 0.00 | False | 0.00 | N/A | 2.84 | 3.14 | 3.17 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | MXF | Mexico Fund Inc/The |  |  | 592835102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 14.74 |  |  |  |  |  | Mexico Fund Inc/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 64800.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 90000.00 | 1304025.17 | 1288394.25 | 1326600.00 | 1326600.00 | 38205.75 | 38205.75 | 4.88 | False | 0.00 | N/A | 3.25 | 3.60 | 3.63 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | CAF | Morgan Stanley China | A Share Fund Inc |  | 617468103 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 14.20 |  |  |  |  |  | Morgan Stanley China | A Share Fund Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 255.97 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 94700.00 | 2068061.54 | 2068061.54 | 1344740.00 | 1344740.00 | -723321.54 | -723321.54 | 0.02 | False | 0.00 | N/A | 3.29 | 3.65 | 3.68 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | IIF | MORGAN STANLEY INDIA | INVESTMENT FUND INC |  | 61745C105 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 20.30 |  |  |  |  |  | MORGAN STANLEY INDIA | INVESTMENT FUND INC |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7708.67 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 7700.00 | 196482.44 | 196482.44 | 156310.00 | 156310.00 | -40172.44 | -40172.44 | 4.93 | False | 0.00 | N/A | 0.38 | 0.42 | 0.43 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | NML | Neuberger Berman MLP | & Energy Income Fund |  | 64129H104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 6.66 |  |  |  |  |  | Neuberger Berman MLP | & Energy Income Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5359.82 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 22800.00 | 112121.69 | 112121.69 | 151848.00 | 151848.00 | 39726.31 | 39726.31 | 3.53 | False | 0.00 | N/A | 0.37 | 0.41 | 0.42 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | NBXG | Neuberger Berman Nex | t Generation Connect |  | 64133Q108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 9.10 |  |  |  |  |  | Neuberger Berman Nex | t Generation Connect |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 192000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 160000.00 | 2511893.26 | 2511893.26 | 1455200.00 | 1455200.00 | -1056693.26 | -1056693.26 | 13.19 | False | 0.00 | N/A | 3.56 | 3.95 | 3.98 | 0.00 |  | 549300XIWEKOTC8HO652 |
| 125 | Matisse Discounted Closed-End Fund | NXDT | NexPoint Diversified | Real Estate |  | 65340G205 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 11.21 |  |  |  |  |  | NexPoint Strategic O | pportunities Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 75000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 125000.00 | 1703307.11 | 1703307.11 | 1401250.00 | 1401250.00 | -302057.11 | -302057.11 | 5.35 | False | 0.00 | N/A | 3.43 | 3.80 | 3.83 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | PSH NA | Pershing Square Hold | ings Ltd/Fund |  | G7016V101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | GG | GUERNSEY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 34.60 |  |  |  |  |  | Pershing Square Hold | ings Ltd/Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 47596.95 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 105771.00 | 4139764.90 | 4139764.90 | 3659676.60 | 3659676.60 | -480088.30 | -480088.30 | 1.30 | False | 0.00 | N/A | 8.96 | 9.93 | 10.01 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | NRGX | PIMCO ENERGY AND | TACTICAL CREDIT OPP |  | 69346N107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 14.94 |  |  |  |  |  | PIMCO ENERGY AND | TACTICAL CREDIT OPP |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 134460.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 162000.00 | 2024849.11 | 2024849.11 | 2420280.00 | 2420280.00 | 395430.89 | 395430.89 | 5.56 | False | 0.00 | N/A | 5.93 | 6.57 | 6.62 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | SEVN | SEVEN HILLS | REALTY TRUST |  | 81784E101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 9.09 |  |  |  |  |  | SEVEN HILLS | REALTY TRUST |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 200000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 200000.00 | 2735025.56 | 2735025.56 | 1818000.00 | 1818000.00 | -917025.56 | -917025.56 | 11.00 | False | 0.00 | N/A | 4.45 | 4.93 | 4.97 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | TWN | Taiwan Fund Inc/The |  |  | 874036106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 23.09 |  |  |  |  |  | Taiwan Fund Inc/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 33219.41 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 11366.00 | 230941.54 | 230941.54 | 262440.94 | 262440.94 | 31499.40 | 31499.40 | 12.66 | False | 0.00 | N/A | 0.64 | 0.71 | 0.72 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | TFG NA | TETRAGON FINANCIAL | GROUP LTD |  | G8766R134 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | GG | GUERNSEY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 9.62 |  |  |  |  |  | TETRAGON FINANCIAL | GROUP LTD |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 182498.36 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 414769.00 | 3714256.39 | 3714256.39 | 3990077.78 | 3990077.78 | 275821.39 | 275821.39 | 4.57 | False | 0.00 | N/A | 9.77 | 10.83 | 10.92 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | FSCO | The FS Credit | Opportunities Corp |  | 30290Y101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 4.65 |  |  |  |  |  | The FS Credit | Opportunities Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 7691.00 | 35758.54 | 35758.54 | 35758.54 | 35758.54 | 0.00 | 0.00 | 0.00 | False | 0.00 | N/A | 0.09 | 0.10 | 0.10 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | KF | THE KOREA FUND |  |  | 500634209 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 20.83 |  |  |  |  |  | THE KOREA FUND |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 88531.08 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 9718.00 | 331473.07 | 331473.07 | 202425.94 | 202425.94 | -129047.13 | -129047.13 | 43.74 | False | 0.00 | N/A | 0.50 | 0.55 | 0.55 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | TPOU LN | Third Point Offshore | Investors Ltd |  | G8846K109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | GG | GUERNSEY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 0.21 |  |  |  |  |  | Third Point Offshore | Investors Ltd |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 76661.00 | 1098180.90 | 1098180.90 | 15868.83 | 15868.83 | -1082312.07 | -1082312.07 | 0.00 | False | 0.00 | N/A | 0.04 | 0.04 | 0.04 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | TYG | TORTOISE CAPITAL | ADVISOR |  | 89147L886 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | KS | KANSAS | USD | US DOLLAR | 1/0/1900 |  |  | 31.77 |  |  |  |  |  | TORTOISE CAPITAL | ADVISOR |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 65388.16 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 23024.00 | 620885.18 | 620885.18 | 731472.48 | 731472.48 | 110587.30 | 110587.30 | 8.94 | False | 0.00 | N/A | 1.79 | 1.98 | 2.00 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | EMD | Western Asset | Emerging MarketsDebt |  | 95766A101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 9.11 |  |  |  |  |  | Western Asset | Emerging MarketsDebt |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 40800.00 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 40000.00 | 390767.99 | 390767.99 | 364400.00 | 364400.00 | -26367.99 | -26367.99 | 11.20 | False | 0.00 | N/A | 0.89 | 0.99 | 1.00 | 0.00 |  |  |
| 125 | Matisse Discounted Closed-End Fund | DMO | Western Asset Mortga | ge Opportunity Fund |  | 95790B109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 10.77 |  |  |  |  |  | Western Asset Mortga | ge Opportunity Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14795.78 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 11813.00 | 124380.26 | 124380.26 | 127226.01 | 127226.01 | 2845.75 | 2845.75 | 11.63 | False | 0.00 | N/A | 0.31 | 0.35 | 0.35 | 0.00 |  | RIFQSET379FOGTEFKS80 |
| 125 | Matisse Discounted Closed-End Fund | FIGXX | Fidelity Investments | Money Market Funds |  | 316175108 | UNGROUPED SECURITIES |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/1/2023 |  |  | 100.00 |  |  |  |  |  | Fidelity Investments | Money Market Funds |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3734.64 | L<br> N |  |  | 1/3/2023<br> C |  | 125;USD | USD | 91514.72 | 91514.72 | 91514.72 | 91514.72 | 91514.72 | 0.00 | 0.00 | 4.07 | False | 0.00 | N/A | 0.22 | 0.25 | 0.25 | 0.00 |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Starboard Investment Trust

- **b. Investment Company Act file number:** 811-22298

- **c. CIK number of Registrant:** 0001464413

- **d. LEI of Registrant:** 549300IGQEISLESO0528

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 116 South Franklin Street

  - **City:** Rocky Mount

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27804

  - **Telephone number:** 252-972-9922

**Item A.2. Information about the Series.**

- **a. Name of Series:** Matisse Discounted Closed-End Fund Strategy

- **b. EDGAR series identifier (if any):** S000038548

- **c. LEI of Series:** 549300ZSVXX0LZMMTD36

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $36857737.83

**Total Liabilities:** $309363.72

**Net Assets:** $36548374.11

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119000 | 7.36%                | 5.35%                | -5.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1814.87                 | $2599830.70                                |
| Month 2  | $35698.61                | $1761282.27                                |
| Month 3  | $324731.55               | $-2808251.03                               |

### Schedule of Portfolio Investments

| Name                 | Title    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASA Gold and Preciou | CLOSED-E | CUSIP: G3156P103<br>LEI: 254900VOUR4617HGCL14 | Long             | EC               | CORP              | BD        |     20200 | NS      | $289062.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Capital Al | CLOSED-E | CUSIP: 09260U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65640 | NS      | $910426.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Innovation | CLOSED-E | CUSIP: 09260Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    210000 | NS      | $1430100.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK HEALTH     | CLOSED-E | CUSIP: 09260E105<br>LEI: 549300FGMK4EGHSK8N86 | Long             | EC               | CORP              | US        |     82000 | NS      | $1265260.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Science &  | CLOSED-E | CUSIP: 09260K101<br>LEI: 549300NQ3IL1NKVC9M67 | Long             | EC               | CORP              | US        |     80000 | NS      | $1251200.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley China | CLOSED-E | CUSIP: 617468103<br>LEI: 54930045HQ1UNO6FR635 | Long             | EC               | CORP              | US        |     94700 | NS      | $1344740.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Central and Eastern  | CLOSED-E | CUSIP: 153436100<br>LEI: 549300TSXFIOF89ZI608 | Long             | EC               | CORP              | US        |     33995 | NS      | $280798.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARBRIDGE          | CLOSED-E | CUSIP: 184692200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58000 | NS      | $1934880.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARBRIDGE ENERGY   | CLOSED-E | CUSIP: 18469Q207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $1413500.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HERZFELD CARIBBEAN   | CLOSED-E | CUSIP: 42804T106<br>LEI: 549300ML0K6PRXPULR11 | Long             | EC               | CORP              | US        |     49015 | NS      | $181355.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Destra Multi-Alterna | CLOSED-E | CUSIP: 25065A502<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    174461 | NS      | $1191568.63   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Mortga | CLOSED-E | CUSIP: 95790B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11813 | NS      | $127226.01    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dividend and Income  | CLOSED-E | CUSIP: 25538A204<br>LEI: 549300GQF37VFS5FKW75 | Long             | EC               | CORP              | US        |    125000 | NS      | $1386250.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock ESG Capita | CLOSED-E | CUSIP: 09262F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1343000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROPEAN EQUITY FUND | CLOSED-E | CUSIP: 298768102<br>LEI: 5493008XBHSH29XH9329 | Long             | EC               | CORP              | US        |     48342 | NS      | $362565.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset        | CLOSED-E | CUSIP: 95766A101<br>LEI: 549300F68574RU1BKP84 | Long             | EC               | CORP              | US        |     40000 | NS      | $364400.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ABERDEEN ASIA        | CLOSED-E | CUSIP: 003009107<br>LEI: 549300J666ZH67203572 | Long             | EC               | CORP              | US        |      5420 | NS      | $14254.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs MLP    | CLOSED-E | CUSIP: 38148G206<br>LEI: 5493002N1D5YCVFNA222 | Long             | EC               | CORP              | US        |    182000 | NS      | $2325960.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHLAND INCOME FUND | CLOSED-E | CUSIP: 43010E404<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EC               | CORP              | US        |    135000 | NS      | $1390500.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHLAND GLOBAL      | CLOSED-E | CUSIP: 43010T104<br>LEI: 549300Y627XJ58WI3L10 | Long             | EC               | CORP              | US        |     31288 | NS      | $294732.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY INDIA | CLOSED-E | CUSIP: 61745C105<br>LEI: 5LQ8NRKQLK2XRS19BS65 | Long             | EC               | CORP              | US        |      7700 | NS      | $156310.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KOREA FUND       | CLOSED-E | CUSIP: 500634209<br>LEI: 549300M4Y1IG0WPTKC03 | Long             | EC               | CORP              | US        |      9718 | NS      | $202425.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KAYNE ANDERSON MID=  | CLOSED-E | CUSIP: 48661E108<br>LEI: 549300MHDTCUZBV2Y068 | Long             | EC               | CORP              | US        |     43219 | NS      | $324574.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MainStay CBRE Global | CLOSED-E | CUSIP: 56064Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84300 | NS      | $1150695.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico Equity & Inco | CLOSED-E | CUSIP: 592834105<br>LEI: 549300Q0OD8MQEFTBY23 | Long             | EC               | CORP              | US        |    132000 | NS      | $1158960.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico Fund Inc/The  | CLOSED-E | CUSIP: 592835102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90000 | NS      | $1326600.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman Nex | CLOSED-E | CUSIP: 64133Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160000 | NS      | $1455200.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman MLP | CLOSED-E | CUSIP: 64129H104<br>LEI: 549300P5ICT7WWGP8224 | Long             | EC               | CORP              | US        |     22800 | NS      | $151848.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO ENERGY AND     | CLOSED-E | CUSIP: 69346N107<br>LEI: 549300BX5QVFQJENPV35 | Long             | EC               | CORP              | US        |    162000 | NS      | $2420280.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Diversified | CLOSED-E | CUSIP: 65340G205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $1401250.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushing NextGen      | CLOSED-E | CUSIP: 231647207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $1148100.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Hold | CLOSED-E | CUSIP: G7016V101<br>LEI: U7LC4KOKCTZ0YWGI2G56 | Long             | EC               | CORP              | GG        |    105771 | NS      | $3645926.37   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SEVEN HILLS          | CLOSED-E | CUSIP: 81784E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $1818000.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOFIN SUSTAINABLE   | CLOSED-E | CUSIP: 27901F109<br>LEI: 549300JEEQF7C836SM26 | Long             | EC               | CORP              | US        |     15876 | NS      | $204006.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRAGON FINANCIAL   | CLOSED-E | CUSIP: G8766R134<br>LEI: 14URO7KANNWKTLQY7F55 | Long             | EC               | CORP              | GG        |    414769 | NS      | $3990077.78   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Point Offshore | CLOSED-E | CUSIP: G8846K109<br>LEI: 549300WXTCG65AQ7V644 | Long             | EC               | CORP              | GS        |     76661 | NS      | $1586882.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Fund Inc/The  | CLOSED-E | CUSIP: 874036106<br>LEI: 549300B0OHIYIAWV0Z83 | Long             | EC               | CORP              | US        |     11366 | NS      | $262440.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TORTOISE CAPITAL     | CLOSED-E | CUSIP: 89147L886<br>LEI: 5493008P735YB22YPB89 | Long             | EC               | CORP              | US        |     23024 | NS      | $731472.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investments | MONEYMKT | CUSIP: 316175108<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | STIV             |  | US        |    456041 | NS      | $456041.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-01

**Name of Applicant:** Starboard Investment Trust

**Signature:** Ashley Lanham

**Name of Signer:** Ashley Lanham

**Title:** Principal Accounting Officer/Principal Financial Officer