# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0002000324-25-002440
**Filing Date:** 2025-7
**Character Count:** 9801
**Document Hash:** aa889bea0143720a5af55c856e1aebb9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002440.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0002000324-25-002440

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Starboard Investment Trust
- **CENTRAL INDEX KEY:** 0001464413

**ORGANIZATION NAME:**
- **EIN:** 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:** 251154967

**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

### RH Tactical Rotation ETF (Series ID: S000072157)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000227947 | RH Tactical Rotation ETF | RHRX            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | 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 | PRICE_ID | PRICINGMETHOD |
| 851 | RH Tactical Rotation ETF | XNTK | SPDR NYSE Technology | ETF |  | 78464A102 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 215.97 |  |  |  |  |  | SPDR NYSE Technology | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 5/30/2025<br> C |  | 851;USD | USD | 13110.00 | 2646684.88 | 2646684.88 | 2831383.74 | 2831383.74 | 184698.86 | 184698.86 | 0.00 | False | 0.00 | N/A | 19.26 | 19.05 | 19.08 | 0.00 |  | 549300PS44ZVKSLTMI64 | XNTK<br> N | MP |
| 851 | RH Tactical Rotation ETF | XLC | Communication Servic | es Select Sector SPD |  | 81369Y852 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 101.40 |  |  |  |  |  | Communication Servic | es Select Sector SPD |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 15187.27 | L<br> N |  |  | 5/30/2025<br> C |  | 851;USD | USD | 25482.00 | 1930526.42 | 1930526.42 | 2583874.80 | 2583874.80 | 653348.38 | 653348.38 | 0.59 | False | 0.00 | N/A | 17.57 | 17.38 | 17.41 | 0.00 |  |  | XLC<br> N | MP |
| 851 | RH Tactical Rotation ETF | XLY | Consumer Discretiona | ry Select Sector SPD |  | 81369Y407 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 213.80 |  |  |  |  |  | Consumer Discretiona | ry Select Sector SPD |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14934.40 | L<br> N |  |  | 5/30/2025<br> C |  | 851;USD | USD | 10400.00 | 2205727.68 | 2205727.68 | 2223520.00 | 2223520.00 | 17792.32 | 17792.32 | 0.67 | False | 0.00 | N/A | 15.12 | 14.96 | 14.98 | 0.00 |  |  | XLY<br> N | MP |
| 851 | RH Tactical Rotation ETF | SPYG | SPDR Portfolio S&P 5 | 00 Growth ETF |  | 78464A409 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 89.69 |  |  |  |  |  | SPDR Portfolio S&P 5 | 00 Growth ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20777.04 | L<br> N |  |  | 5/30/2025<br> C |  | 851;USD | USD | 40000.00 | 3392376.00 | 3392376.00 | 3587600.00 | 3587600.00 | 195224.00 | 195224.00 | 0.58 | False | 0.00 | N/A | 24.40 | 24.13 | 24.18 | 0.00 |  |  | SPYG<br> N | MP |
| 851 | RH Tactical Rotation ETF | SPY | SPDR S&P 500 ETF Tru | st |  | 78462F103 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 1/0/1900 |  |  | 589.39 |  |  |  |  |  | SPDR S&P 500 ETF Tru | st |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 39140.60 | L<br> N |  |  | 5/30/2025<br> C |  | 851;USD | USD | 5900.00 | 3312319.00 | 3312319.00 | 3477401.00 | 3477401.00 | 165082.00 | 165082.00 | 1.13 | False | 0.00 | N/A | 23.65 | 23.39 | 23.43 | 0.00 |  |  | SPY<br> N | MP |

---

## 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:** RH Tactical Rotation ETF

- **b. EDGAR series identifier (if any):** S000072157

- **c. LEI of Series:** 54930066MENKZJ5L2C64

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $14866271.09

**Total Liabilities:** $27175.72

**Net Assets:** $14839095.37

**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 C000227947 | -5.74%               | -0.89%               | 6.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $696554.23               | $-1653919.89                               |
| Month 2  | $4749.80                 | $-130360.47                                |
| Month 3  | $283654.25               | $598582.84                                 |

**Designated Index Information**

- **Index Name:** n/a

- **Index Identifier:** n/a

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SPDR S&P 500 ETF Tru | ETF     | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | CORP              | US        |      5900 | NS      | $3477401.00   | 23.43%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio S&P 5 | ETF     | CUSIP: 78464A409<br>LEI: 549300VUPJJVH7HVPB06 | Long             | EC               | CORP              | US        |     40000 | NS      | $3587600.00   | 24.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Communication Servic | ETF     | CUSIP: 81369Y852<br>LEI: 549300RPODKQJE2HDW24 | Long             | EC               | CORP              | US        |     25482 | NS      | $2583874.80   | 17.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Consumer Discretiona | ETF     | CUSIP: 81369Y407<br>LEI: 549300CD2I087Y919K79 | Long             | EC               | CORP              | US        |     10400 | NS      | $2223520.00   | 14.98%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR NYSE Technology | ETF     | CUSIP: 78464A102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13110 | NS      | $2831383.74   | 19.08%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** Starboard Investment Trust

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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