# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0001387131-23-000827
**Filing Date:** 2023-1
**Character Count:** 12591
**Document Hash:** 9999835a357068688f8fba4b5db31d2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-000827.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001387131-23-000827

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230531

**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:** 23562089

**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 Outlook ETF (Series ID: S000072159)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000227949 | RH Tactical Outlook ETF | RHTX            |

## 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 | PROCESS_TYPE | 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 |
| 860 | RH Tactical Outlook ETF | QQQ | Invesco QQQ Trust Se | ries 1 |  | 46090E103 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 293.36 |  |  |  |  |  | Invesco QQQ Trust Se | ries 1 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16040.49 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 8138.00 | 2540131.15 | 2540131.15 | 2387363.68 | 2387363.68 | -152767.47 | -152767.47 | 0.67 | False | 0.00 | N/A | 10.97 | 10.14 | 10.16 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | IVV | iShares Core S&P 500 | ETF |  | 464287200 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 409.32 |  |  |  |  |  | iShares Core S&P 500 | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 91626.74 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 14855.00 | 5860199.99 | 5860199.99 | 6080448.60 | 6080448.60 | 220248.61 | 220248.61 | 1.51 | False | 0.00 | N/A | 27.94 | 25.82 | 25.87 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | IJH | iShares Core S&P Mid | -Cap ETF |  | 464287507 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 257.00 |  |  |  |  |  | iShares Core S&P Mid | -Cap ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 65823.81 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 16655.00 | 3933087.10 | 3933087.10 | 4280335.00 | 4280335.00 | 347247.90 | 347247.90 | 1.54 | False | 0.00 | N/A | 19.67 | 18.18 | 18.21 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | USMV | iShares Edge MSCI Mi | n Vol USA ETF |  | 46429B697 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 75.26 |  |  |  |  |  | iShares Edge MSCI Mi | n Vol USA ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 50725.40 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 47276.00 | 3493454.05 | 3493454.05 | 3557991.76 | 3557991.76 | 64537.71 | 64537.71 | 1.43 | False | 0.00 | N/A | 16.35 | 15.11 | 15.14 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | IWM | iShares Russell 2000 | ETF |  | 464287655 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 187.37 |  |  |  |  |  | iShares Russell 2000 | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20014.05 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 8268.00 | 1821406.29 | 1821406.29 | 1549175.16 | 1549175.16 | -272231.13 | -272231.13 | 1.29 | False | 0.00 | N/A | 7.12 | 6.58 | 6.59 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | IWN | iShares Russell 2000 | Value ETF |  | 464287630 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 149.44 |  |  |  |  |  | iShares Russell 2000 | Value ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 44852.37 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 15428.00 | 2163159.88 | 2163159.88 | 2305560.32 | 2305560.32 | 142400.44 | 142400.44 | 1.95 | False | 0.00 | N/A | 10.59 | 9.79 | 9.81 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | SLV | iShares Silver Trust |  |  | 46428Q109 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 20.43 |  |  |  |  |  | iShares Silver Trust |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 25085.00 | 620349.54 | 620349.54 | 512486.55 | 512486.55 | -107862.99 | -107862.99 | 0.00 | False | 0.00 | N/A | 2.35 | 2.18 | 2.18 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | FNGU | MICROSECTORS FANG | INDEX 3X |  | 063679534 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 59.70 |  |  |  |  |  | MICROSECTORS FANG | INDEX 3X |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 11052.00 | 974667.28 | 974667.28 | 659804.40 | 659804.40 | -314862.88 | -314862.88 | 0.00 | False | 0.00 | N/A | 3.03 | 2.80 | 2.81 | 0.00 |  |  |
| 860 | RH Tactical Outlook ETF | GLD | SPDR Gold Shares |  |  | 78463V107 | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 164.81 |  |  |  |  |  | SPDR Gold Shares |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 11/30/2022 | T |  | 860;USD | USD | 2616.00 | 464874.65 | 464874.65 | 431142.96 | 431142.96 | -33731.69 | -33731.69 | 0.00 | False | 0.00 | N/A | 1.98 | 1.83 | 1.83 | 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:** RH Tactical Outlook ETF

- **b. EDGAR series identifier (if any):** S000072159

- **c. LEI of Series:** 549300YUC69J1CDTU576

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $23547106.00

**Total Liabilities:** $41708.12

**Net Assets:** $23505397.88

**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 C000227949 | -6.06%               | 4.15%                | 5.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-230726.48              | $-1525265.80                               |
| Month 2  | $-199448.02              | $1191987.63                                |
| Month 3  | $-3.10                   | $1227727.16                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MICROSECTORS FANG    | ETF     | CUSIP: 063679534<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11052 | NS      | $659804.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold Shares     | ETF     | CUSIP: 78463V107<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      2616 | NS      | $431142.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Mid | ETF     | CUSIP: 464287507<br>LEI: 549300ODQWH5PC0IUZ78 | Long             | EC               | CORP              | US        |     16655 | NS      | $4280335.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 | ETF     | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | CORP              | US        |     14855 | NS      | $6080448.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 | ETF     | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | CORP              | US        |      8268 | NS      | $1549175.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 | ETF     | CUSIP: 464287630<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15428 | NS      | $2305560.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Se | ETF     | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | CORP              | US        |      8138 | NS      | $2387363.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Silver Trust | ETF     | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25085 | NS      | $512486.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Edge MSCI Mi | ETF     | CUSIP: 46429B697<br>LEI: 54930006KUZN6GLGL496 | Long             | EC               | CORP              | US        |     47276 | NS      | $3557991.76   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** Starboard Investment Trust

**Signature:** Ashley Lanham

**Name of Signer:** Ashley Lanham

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