# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0001387131-23-002176
**Filing Date:** 2023-2
**Character Count:** 33934
**Document Hash:** 2c2fe4c37286bb4193f96303d046217c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002176.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001387131-23-002176

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**PERIOD START**: 20221231

**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:** 23641074

**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

### Typhon Tactical Managed Futures Strategy Fund (Series ID: S000075105)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000233929 | Typhon Tactical Managed Futures Strategy Fund | TYPHX           |

## 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 | 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 |
| 395 | Typhon Tactical Managed Futures | 01609WAQ | ALIBABA GROUP | 11/28/2024 3.6% |  | 01609WAQ5 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | KY | KENTUCKY | USD | US DOLLAR | 11/28/2024 |  |  | 96.50 |  |  |  |  | ALIBABA GROUP | 11/28/2024 3.6% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 250000.00 | 250230.00 | 250171.05 | 241244.00 | 241244.00 | -8927.05 | -8927.05 | 3.73 | False | 5.56 |  | 0.93 | 0.92 | 0.92 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 02376YAA | AM AIRLN 16-1 B | 1/15/2024 5.25% |  | 02376YAA5 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2024 |  |  | 97.30<br> M |  |  |  |  | AM AIRLN 16-1 B | 1/15/2024 5.25% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 50272.27 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 957567.08 | 934522.92 | 942578.59 | 931741.50 | 931741.50 | -10837.09 | -10837.09 | 5.40 | False | 8.02 |  | 3.60 | 3.56 | 3.57 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 032359AE | AMTRUST FINANCIA | 8/15/2023 6.125% |  | 032359AE1 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 8/15/2023 |  |  | 98.04 |  |  |  |  | AMTRUST FINANCIA | 8/15/2023 6.125% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 27562.50 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 450000.00 | 450250.00 | 450123.64 | 441172.35 | 441172.35 | -8951.29 | -8951.29 | 6.25 | False | 9.45 |  | 1.70 | 1.69 | 1.69 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 06738EBA | BARCLAYS PLC | 7.75 VAR PERP CALL |  | 06738EBA2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | GBP | GREAT BRITAIN |  |  | USD | US DOLLAR | 9/15/2023 |  |  | 97.13 |  |  |  |  | BARCLAYS PLC | 7.75 VAR PERP CALL |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 38750.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 500000.00 | 496695.00 | 497376.73 | 485625.00 | 485625.00 | -11751.73 | -11751.73 | 7.98 | False | 12.09 |  | 1.88 | 1.86 | 1.86 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 073730AB | BEAM SUNTORY INC | 7.875% 01/15/23 |  | 073730AB9 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2023 |  |  | 100.16 |  |  |  |  | BEAM SUNTORY INC | 7.875% 01/15/23 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 78750.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 1000000.00 | 1018400.00 | 1001633.37 | 1001633.37 | 1001633.37 | 0.00 | 0.00 | 7.86 | False | 2.86 |  | 3.87 | 3.83 | 3.84 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 05541TAK | BGC PARTNERS INC | 7/24/2023 5.375% |  | 05541TAK7 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 7/24/2023 |  |  | 99.99 |  |  |  |  | BGC PARTNERS INC | 7/24/2023 5.375% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 26875.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 500000.00 | 497780.00 | 498186.31 | 499937.00 | 499937.00 | 1750.69 | 1750.69 | 5.38 | False | 5.39 |  | 1.93 | 1.91 | 1.92 | 0.00 |  | TF1LXM1YNB81WKUH5G19 |
| 395 | Typhon Tactical Managed Futures | 09261HAP | BLACKSTONE PRIVA | 1/15/2025 2.7% |  | 09261HAP2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/15/2025 |  |  | 93.31 |  |  |  |  | BLACKSTONE PRIVA | 1/15/2025 2.7% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13500.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 500000.00 | 455265.00 | 459567.74 | 466555.50 | 466555.50 | 6987.76 | 6987.76 | 2.89 | False | 6.25 |  | 1.80 | 1.78 | 1.79 | 0.00 |  | 5299004LW4QWGZUB8Y96 |
| 395 | Typhon Tactical Managed Futures | 097023DE | BOEING CO | 02/04/2024 1.433% |  | 097023DE2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 2/4/2024 |  |  | 95.52 |  |  |  |  | BOEING CO | 02/04/2024 1.433% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10747.50 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 750000.00 | 722272.50 | 730466.58 | 716436.00 | 716436.00 | -14030.58 | -14030.58 | 1.50 | False | 5.74 |  | 2.77 | 2.74 | 2.75 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 172967GD | CITIGROUP INC | 1/30/2023 5.95% |  | 172967GD7 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/30/2023 |  |  | 99.82 |  |  |  |  | CITIGROUP INC | 3/30/2021 2.7% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7437.50 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 125000.00 | 124687.50 | 124779.46 | 124779.46 | 124779.46 | 0.00 | 0.00 | 5.96 | False | 8.11 |  | 0.48 | 0.48 | 0.48 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 172967GF | CITIGROUP INC | 02/15/23 5.9% |  | 172967GF2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/15/2023 |  |  | 99.94 |  |  |  |  | CITIGROUP INC | 02/15/23 5.9% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16815.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 285000.00 | 284337.50 | 284822.52 | 284822.52 | 284822.52 | 0.00 | 0.00 | 5.90 | False | 6.30 |  | 1.10 | 1.09 | 1.09 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 197679AB | COLUMBIA HLTH | 12/15/2023 7.5% |  | 197679AB9 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 12/15/2023 |  |  | 101.75 |  |  |  |  | COLUMBIA HLTH | 12/15/2023 7.5% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 66150.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 882000.00 | 929882.55 | 912156.92 | 897435.00 | 897435.00 | -14721.92 | -14721.92 | 7.37 | False | 5.58 |  | 3.47 | 3.43 | 3.44 | 0.00 |  | 529900PH4ZGUH2MNEU89 |
| 395 | Typhon Tactical Managed Futures | 24737AAA | DELTA AIR 2015B | 7/30/2023 4.25% |  | 24737AAA5 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 7/30/2023 |  |  | 97.99 |  |  |  |  | DELTA AIR 2015B | 7/30/2023 4.25% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 30871.29 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 726383.29 | 726382.85 | 726383.70 | 711769.18 | 711769.18 | -14614.52 | -14614.52 | 4.34 | False | 7.89 |  | 2.75 | 2.72 | 2.73 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 34540TZC | FORD MOTOR CRED | 6/20/2027 6.05% |  | 34540TZC9 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | MI | MICHIGAN | USD | US DOLLAR | 6/20/2027 |  |  | 97.59 |  |  |  |  | FORD MOTOR CRED | 6/20/2027 6.05% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 26196.50 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 433000.00 | 431917.50 | 432031.25 | 422574.66 | 422574.66 | -9456.59 | -9456.59 | 6.20 | False | 6.68 |  | 1.63 | 1.62 | 1.62 | 0.00 |  | 20S05OYHG0MQM4VUIC57 |
| 395 | Typhon Tactical Managed Futures | 369604BQ | GE Float PERP | 6.622570% PERP MAT |  | 369604BQ5 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/15/2023 |  |  | 99.13 |  |  |  |  | GE Float PERP | 6.622570% PERP MAT |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 33112.85 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 500000.00 | 483750.00 | 488690.24 | 495625.00 | 495625.00 | 6934.76 | 6934.76 | 6.68 | False | 11.12 |  | 1.91 | 1.90 | 1.90 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 37045XCZ | GEN MOTORS FIN | 8/18/2023 1.7% |  | 37045XCZ7 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 8/18/2023 |  |  | 97.66 |  |  |  |  | GEN MOTORS FIN | 8/18/2023 1.7% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9010.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 530000.00 | 516320.70 | 518507.89 | 517590.58 | 517590.58 | -917.31 | -917.31 | 1.74 | False | 5.56 |  | 2.00 | 1.98 | 1.98 | 0.00 |  | 54930070NSV60J38I987 |
| 395 | Typhon Tactical Managed Futures | 37045VAV | GENERAL MOTORS CO | 6.125% 10/01/2025 |  | 37045VAV2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 10/1/2025 |  |  | 101.91 |  |  |  |  | GENERAL MOTORS CO | 6.125% 10/01/2025 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 45937.50 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 750000.00 | 779620.00 | 775414.86 | 764336.25 | 764336.25 | -11078.61 | -11078.61 | 6.01 | False | 5.36 |  | 2.95 | 2.92 | 2.93 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 404119BR | HCA INC | 2/1/2025 5.375% |  | 404119BR9 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 2/1/2025 |  |  | 100.00 |  |  |  |  | HCA INC | 2/1/2025 5.375% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 29293.75 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 545000.00 | 552637.50 | 550978.01 | 545000.00 | 545000.00 | -5978.01 | -5978.01 | 5.38 | False | 5.37 |  | 2.11 | 2.08 | 2.09 | 0.00 |  | 529900PH4ZGUH2MNEU89 |
| 395 | Typhon Tactical Managed Futures | 626717AJ | MURPHY OIL CORP | 5.75% 08/15/25 |  | 626717AJ1 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 8/15/2025 |  |  | 98.25 |  |  |  |  | MURPHY OIL CORP | 5.75% 08/15/25 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6095.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 106000.00 | 106265.00 | 106218.25 | 104145.00 | 104145.00 | -2073.25 | -2073.25 | 5.85 | False | 6.48 |  | 0.40 | 0.40 | 0.40 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 66765RCA | NORTHWEST NATURA | 8/19/2023 3.542% |  | 66765RCA2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | OR | OREGON | USD | US DOLLAR | 8/19/2023 |  |  | 98.68 |  |  |  |  | NORTHWEST NATURA | 8/19/2023 3.542% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 17001.60 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 480000.00 | 476894.40 | 477866.77 | 473685.60 | 473685.60 | -4181.17 | -4181.17 | 3.59 | False | 5.70 |  | 1.83 | 1.81 | 1.82 | 0.00 |  | H4JZVBMGV45MWUCMUB11 |
| 395 | Typhon Tactical Managed Futures | 674599DB | OCCIDENTAL PETE | 7/1/2024 6.95% |  | 674599DB8 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 7/1/2024 |  |  | 101.50 |  |  |  |  | OCCIDENTAL PETE | 7/1/2024 6.95% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8201.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 118000.00 | 124619.80 | 122863.79 | 119770.00 | 119770.00 | -3093.79 | -3093.79 | 6.85 | False | 5.89 |  | 0.46 | 0.46 | 0.46 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 67114QAA | OWS CRE FUNDIN I | 9/1/2023 FLOAT |  | 67114QAA2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/1/2023 |  |  | 101.78<br> M |  |  |  |  | OWS CRE FUNDIN I | 9/1/2023 FLOAT |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 92687.10 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 1000000.00 | 997500.00 | 998693.97 | 1017810.00 | 1017810.00 | 19116.03 | 19116.03 | 8.86 | False | 6.30 |  | 3.93 | 3.89 | 3.90 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 71654QBG | PETROLEOS MEXICA | 1/30/2023 3.5% |  | 71654QBG6 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | MXN | MEXICO |  |  | USD | US DOLLAR | 1/30/2023 |  |  | 99.91 |  |  |  |  | PETROLEOS MEXICA | 1/30/2023 3.5% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 26250.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 750000.00 | 745835.00 | 749331.12 | 749331.12 | 749331.12 | 0.00 | 0.00 | 3.50 | False | 4.62 |  | 2.89 | 2.87 | 2.87 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 693475AK | PNC Float PERP | FLOAT PERP MAT |  | 693475AK1 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/1/2023 |  |  | 100.27 |  |  |  |  | PNC Float PERP | FLOAT PERP MAT |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 61287.65 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 755000.00 | 757831.25 | 757042.78 | 757042.78 | 757042.78 | 0.00 | 0.00 | 0.00 | False | -3.35 |  | 2.92 | 2.90 | 2.90 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 744320AM | PRUDENTIAL FIN | 6/15/2043 5.625% |  | 744320AM4 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 6/15/2043 |  |  | 98.15 |  |  |  |  | PRUDENTIAL FIN | 6/15/2043 5.625% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 56250.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 1000000.00 | 992162.50 | 992162.50 | 981495.00 | 981495.00 | -10667.50 | -10667.50 | 5.73 | False | 5.78 |  | 3.79 | 3.75 | 3.76 | 0.00 |  | 5PRBRS5FEH7NREC8OR45 |
| 395 | Typhon Tactical Managed Futures | 78355HKG | RYDER SYSTEM INC | 3.40% 3/1/23 |  | 78355HKG3 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/1/2023 |  |  | 100.05 |  |  |  |  | RYDER SYSTEM INC | 3.40% 3/1/23 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 17000.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 500000.00 | 501370.00 | 500273.20 | 500273.20 | 500273.20 | 0.00 | 0.00 | 3.40 | False | 3.02 |  | 1.93 | 1.91 | 1.92 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 85207UAF | SPRINT CORP | 9/15/2023 7.875% |  | 85207UAF2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | KS | KANSAS | USD | US DOLLAR | 9/15/2023 |  |  | 101.50 |  |  |  |  | SPRINT CORP | 9/15/2023 7.875% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 19687.50 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 250000.00 | 261520.00 | 256419.34 | 253750.00 | 253750.00 | -2669.34 | -2669.34 | 7.76 | False | 5.64 |  | 0.98 | 0.97 | 0.97 | 0.00 |  | 549300QHIJYOHPACPG31 |
| 395 | Typhon Tactical Managed Futures | 853254BH | STANLN 7 3/4 PERP | 7.75% PERP MAT |  | 853254BH2 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | GBP | GREAT BRITAIN |  |  | USD | US DOLLAR | 4/2/2023 |  |  | 99.38 |  |  |  |  | STANLN 7 3/4 PERP | 7.75% PERP MAT |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 77500.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 1000000.00 | 997500.00 | 998232.30 | 993810.00 | 993810.00 | -4422.30 | -4422.30 | 7.80 | False | 10.12 |  | 3.84 | 3.80 | 3.81 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 87164KAH | SYNGENTA FINANCE | 4/24/2023 4.441% |  | 87164KAH7 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | NLG | NETHERLANDS |  |  | USD | US DOLLAR | 4/24/2023 |  |  | 99.50 |  |  |  |  | SYNGENTA FINANCE | 4/24/2023 4.441% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 44410.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 1000000.00 | 999010.00 | 999452.38 | 995000.00 | 995000.00 | -4452.38 | -4452.38 | 4.46 | False | 6.04 |  | 3.84 | 3.81 | 3.81 | 0.00 |  | 300300CHN201808MOF68 |
| 395 | Typhon Tactical Managed Futures | 90931GAA | UNTD AIR 20-1 A | 10/15/2027 5.875% |  | 90931GAA7 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 10/15/2027 |  |  | 98.13 |  |  |  |  | UNTD AIR 20-1 A | 10/15/2027 5.875% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 76849.95 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 1308084.33 | 1301158.54 | 1300728.02 | 1283557.75 | 1283557.75 | -17170.27 | -17170.27 | 5.99 | False | 6.33 |  | 4.96 | 4.91 | 4.92 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | 92840VAK | VISTRA OPERATION | 5/13/2024 4.875% |  | 92840VAK8 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 5/13/2024 |  |  | 97.87 |  |  |  |  | VISTRA OPERATION | 5/13/2024 4.875% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 24375.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 500000.00 | 495680.00 | 496741.41 | 489351.50 | 489351.50 | -7389.91 | -7389.91 | 4.98 | False | 6.53 |  | 1.89 | 1.87 | 1.88 | 0.00 |  | 549300KP43CPCUJOOG15 |
| 395 | Typhon Tactical Managed Futures | 254687DF | WALT DISNEY CO | 10/30/2025 7.7% |  | 254687DF0 | UNGROUPED SECURITIES |  | CORPBOND | CORPORATE BOND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 10/30/2025 |  |  | 107.20 |  |  |  |  | WALT DISNEY CO | 10/30/2025 7.7% |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 19250.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 250000.00 | 278897.50 | 274705.66 | 268010.25 | 268010.25 | -6695.41 | -6695.41 | 7.18 | False | 4.93 |  | 1.04 | 1.03 | 1.03 | 0.00 |  | 549300GZKULIZ0WOW665 |
| 395 | Typhon Tactical Managed Futures | FGTXX | Goldman Sachs Financ | ial Square Funds - G |  | 38141W273 | UNGROUPED SECURITIES |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/1/2023 |  |  | 100.00 |  |  |  |  | Goldman Sachs Financ | ial Square Funds - G |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 23113.94 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 555816.63 | 555816.63 | 555816.63 | 555816.63 | 555816.63 | 0.00 | 0.00 | 4.16 | False | 0.00 | N/A | 2.15 | 2.13 | 2.13 | 0.00 |  |  |
| 395 | Typhon Tactical Managed Futures | CAYMAN | Typhon Tactical | Managed Futures Fund |  | CAYMAN | UNGROUPED SECURITIES |  | PRIVATE | PRIVATE SECURITY |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 69.40<br> M |  |  |  |  | Typhon Tactical | Managed Futures Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 395;USD | USD | 97902.34 | 10070000.00 | 10070000.00 | 6794851.60 | 6794851.60 | -3275148.40 | -3275148.40 | 0.00 | False | 0.00 | N/A | 26.25 | 25.99 | 26.04 | 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:** Typhon Tactical Managed Futures Strategy Fund

- **b. EDGAR series identifier (if any):** S000075105

- **c. LEI of Series:** 54930068UWFMNKG8T775

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $26140689.51

**Total Liabilities:** $52182.59

**Net Assets:** $26088506.92

**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 C000233929 | 1.69%                | -2.56%               | -0.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $527.29                  | $302245.80                                 |
| Month 2  | $-4779.38                | $-745995.28                                |
| Month 3  | $5515.31                 | $-237891.99                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALIBABA GROUP        | CORPBOND | CUSIP: 01609WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | NS      | $241244.00    | 0.01%             | 2024-11-28      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AM AIRLN 16-1 B      | CORPBOND | CUSIP: 02376YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    957567 | NS      | $931741.50    | 0.04%             | 2024-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMTRUST FINANCIA     | CORPBOND | CUSIP: 032359AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | NS      | $441172.35    | 0.02%             | 2023-08-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BGC PARTNERS INC     | CORPBOND | CUSIP: 05541TAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | NS      | $499937.00    | 0.02%             | 2023-07-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC         | CORPBOND | CUSIP: 06738EBA2<br>LEI: N/A                  | Long             | DBT              | CORP              | GG        |    500000 | NS      | $485625.00    | 0.02%             | 2023-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BEAM SUNTORY INC     | CORPBOND | CUSIP: 073730AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | NS      | $1001750.11   | 0.04%             | 2023-01-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVA     | CORPBOND | CUSIP: 09261HAP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | NS      | $466555.50    | 0.02%             | 2025-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO            | CORPBOND | CUSIP: 097023DE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | NS      | $716436.00    | 0.03%             | 2024-02-04      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC        | CORPBOND | CUSIP: 172967GD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | NS      | $124771.95    | 0.00%             | 2023-01-30      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC        | CORPBOND | CUSIP: 172967GF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | NS      | $284818.77    | 0.01%             | 2023-02-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| COLUMBIA HLTH        | CORPBOND | CUSIP: 197679AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    882000 | NS      | $897435.00    | 0.03%             | 2023-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DELTA AIR 2015B      | CORPBOND | CUSIP: 24737AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    726383 | NS      | $711769.18    | 0.03%             | 2023-07-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY CO       | CORPBOND | CUSIP: 254687DF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | NS      | $268010.25    | 0.01%             | 2025-10-30      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CRED      | CORPBOND | CUSIP: 34540TZC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    433000 | NS      | $422574.66    | 0.02%             | 2027-06-20      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| GE Float PERP        | CORPBOND | CUSIP: 369604BQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | NS      | $495625.00    | 0.02%             | 2023-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO    | CORPBOND | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    750000 | NS      | $764336.25    | 0.03%             | 2025-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GEN MOTORS FIN       | CORPBOND | CUSIP: 37045XCZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | NS      | $517590.58    | 0.02%             | 2023-08-18      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| HCA INC              | CORPBOND | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    545000 | NS      | $545000.00    | 0.02%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP      | CORPBOND | CUSIP: 626717AJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    106000 | NS      | $104145.00    | 0.00%             | 2025-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTHWEST NATURA     | CORPBOND | CUSIP: 66765RCA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | NS      | $473685.60    | 0.02%             | 2023-08-19      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| OWS CRE FUNDIN I     | CORPBOND | CUSIP: 67114QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | NS      | $1017810.00   | 0.04%             | 2023-09-01      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETE      | CORPBOND | CUSIP: 674599DB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | NS      | $119770.00    | 0.00%             | 2024-07-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| PNC Float PERP       | CORPBOND | CUSIP: 693475AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | NS      | $757108.54    | 0.03%             | 2023-02-01      | Variable      | 8.49%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICA     | CORPBOND | CUSIP: 71654QBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    750000 | NS      | $749308.23    | 0.03%             | 2023-01-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FIN       | CORPBOND | CUSIP: 744320AM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | NS      | $981495.00    | 0.04%             | 2043-06-15      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC     | CORPBOND | CUSIP: 78355HKG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | NS      | $497935.00    | 0.02%             | 2023-03-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| SPRINT CORP          | CORPBOND | CUSIP: 85207UAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | NS      | $253750.00    | 0.01%             | 2023-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STANLN 7 3/4 PERP    | CORPBOND | CUSIP: 853254BH2<br>LEI: N/A                  | Long             | DBT              | CORP              | GG        |   1000000 | NS      | $993810.00    | 0.04%             | 2023-04-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SYNGENTA FINANCE     | CORPBOND | CUSIP: 87164KAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1000000 | NS      | $995000.00    | 0.04%             | 2023-04-24      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| UNTD AIR 20-1 A      | CORPBOND | CUSIP: 90931GAA7<br>LEI: 254900QBKK4WBSO3GE51 | Long             | DBT              | CORP              | US        |   1308084 | NS      | $1283557.75   | 0.05%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATION     | CORPBOND | CUSIP: 92840VAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | NS      | $489351.50    | 0.02%             | 2024-05-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | STIV             |  | US        |    669629 | NS      | $669629.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Typhon Tactical      | PRIVATE  | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |     97902 | NS      | $6794851.60   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-09

**Name of Applicant:** Starboard Investment Trust

**Signature:** Ashley Lanham

**Name of Signer:** Ashley Lanham

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