# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0001387131-23-002252
**Filing Date:** 2023-2
**Character Count:** 57541
**Document Hash:** abaa5bde1a351dc23e83684ec14ccbc3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002252.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001387131-23-002252

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**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:** 23648037

**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 Bond CEF Strategy (Series ID: S000061872)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000200403 | Institutional Class | MDFIX           |

## 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 |
| 127 | Matisse Discounted Bond CEF | 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 | 188100.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 570000.00 | 1956848.28 | 1956848.28 | 1499100.00 | 1499100.00 | -457748.28 | -457748.28 | 12.55 | False | 0.00 | N/A | 3.64 | 4.02 | 4.13 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | FINS | ANGEL OAK FINANCIAL | STRAT INCOMETRUST |  | 03464A100 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 12.81 |  |  |  |  |  | ANGEL OAK FINANCIAL | STRAT INCOMETRUST |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 100920.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 80000.00 | 1212798.89 | 1212798.89 | 1024800.00 | 1024800.00 | -187998.89 | -187998.89 | 9.85 | False | 0.00 | N/A | 2.49 | 2.75 | 2.82 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | AFT | Apollo Senior | Floating Rate Fund |  | 037636107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 12.34 |  |  |  |  |  | Apollo Senior | Floating Rate Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11791.13 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 10778.00 | 133938.99 | 133938.99 | 133000.52 | 133000.52 | -938.47 | -938.47 | 8.87 | False | 0.00 | N/A | 0.32 | 0.36 | 0.37 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | AIF | Apollo Tactical | Income Fund Inc |  | 037638103 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 12.12 |  |  |  |  |  | Apollo Tactical | Income Fund Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 80952.31 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 68837.00 | 855503.46 | 855503.46 | 834304.44 | 834304.44 | -21199.02 | -21199.02 | 9.70 | False | 0.00 | N/A | 2.03 | 2.24 | 2.30 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | ARDC | Ares Dynamic Credit | Allocation Fund Inc |  | 04014F102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 11.59 |  |  |  |  |  | Ares Dynamic Credit | Allocation Fund Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 71825.48 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 60105.00 | 726998.25 | 726998.25 | 696616.95 | 696616.95 | -30381.30 | -30381.30 | 10.31 | False | 0.00 | N/A | 1.69 | 1.87 | 1.92 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | BGH | BARINGS GLOBAL SHORT | DURATION HIGH YIELD |  | 06760L100 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 12.68 |  |  |  |  |  | BARINGS GLOBAL SHORT | DURATION HIGH YIELD |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13923.99 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 10988.00 | 165861.37 | 165861.37 | 139327.84 | 139327.84 | -26533.53 | -26533.53 | 9.99 | False | 0.00 | N/A | 0.34 | 0.37 | 0.38 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | MHN | BlackRock MuniHoldin | gs New York Quality |  | 09255C106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 10.27 |  |  |  |  |  | BlackRock MuniHoldin | gs New York Quality |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4790.05 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 8037.00 | 78459.79 | 78459.79 | 82539.99 | 82539.99 | 4080.20 | 4080.20 | 5.80 | False | 0.00 | N/A | 0.20 | 0.22 | 0.23 | 0.00 |  | 549300LRIF3NWCU26A80 |
| 127 | Matisse Discounted Bond CEF | MUC | BlackRock MuniHoldin | gs California Qualit |  | 09254L107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 10.74 |  |  |  |  |  | BlackRock MuniHoldin | gs California Qualit |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 78600.00 | 855384.69 | 855384.69 | 844164.00 | 844164.00 | -11220.69 | -11220.69 | 0.00 | False | 0.00 | N/A | 2.05 | 2.26 | 2.32 | 0.00 |  | 549300LRIF3NWCU26A80 |
| 127 | Matisse Discounted Bond CEF | MUJ | BlackRock MuniHoldin | gs New Jersey Qualit |  | 09254X101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 11.07 |  |  |  |  |  | BlackRock MuniHoldin | gs New Jersey Qualit |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 71765.00 | 786231.43 | 786231.43 | 794438.55 | 794438.55 | 8207.12 | 8207.12 | 0.00 | False | 0.00 | N/A | 1.93 | 2.13 | 2.19 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | MIY | BlackRock MuniYield | Quality Fund Inc |  | 09254V105 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 11.09 |  |  |  |  |  | BlackRock MuniYield | Quality Fund Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14530.66 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 21623.00 | 238601.54 | 238601.54 | 239799.07 | 239799.07 | 1197.53 | 1197.53 | 6.06 | False | 0.00 | N/A | 0.58 | 0.64 | 0.66 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | MPA | BlackRock MuniYield | Pennsylvania Quality |  | 09255G107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 11.01 |  |  |  |  |  | BlackRock MuniYield | Pennsylvania Quality |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 75933.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 117000.00 | 1213355.45 | 1213355.45 | 1288170.00 | 1288170.00 | 74814.55 | 74814.55 | 5.89 | False | 0.00 | N/A | 3.13 | 3.46 | 3.54 | 0.00 |  | 549300LRIF3NWCU26A80 |
| 127 | Matisse Discounted Bond CEF | MYN | BlackRock MuniYield | New York Quality Fun |  | 09255E102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 9.80 |  |  |  |  |  | BlackRock MuniYield | New York Quality Fun |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 18449.71 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 33064.00 | 323412.27 | 323412.27 | 324027.20 | 324027.20 | 614.93 | 614.93 | 5.69 | False | 0.00 | N/A | 0.79 | 0.87 | 0.89 | 0.00 |  | 549300LRIF3NWCU26A80 |
| 127 | Matisse Discounted Bond CEF | BNY | BlackRock New York M | unicipal Income Trus |  | 09248L106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 10.07 |  |  |  |  |  | BlackRock New York M | unicipal Income Trus |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 41170.17 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 74719.00 | 694799.84 | 694799.84 | 752420.33 | 752420.33 | 57620.49 | 57620.49 | 5.47 | False | 0.00 | N/A | 1.83 | 2.02 | 2.07 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | BGB | BLACKSTONE/GSO | STRATEGIC C |  | 09257R101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 10.58 |  |  |  |  |  | BLACKSTONE/GSO | STRATEGIC C |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 720.78 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 854.00 | 10634.56 | 10634.56 | 9035.32 | 9035.32 | -1599.24 | -1599.24 | 7.98 | False | 0.00 | N/A | 0.02 | 0.02 | 0.02 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | BGX | Blackstone/GSO Long- | Short Credit Income |  | 09257D102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 10.84 |  |  |  |  |  | Blackstone/GSO Long- | Short Credit Income |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 66729.13 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 69365.00 | 799137.82 | 799137.82 | 751916.60 | 751916.60 | -47221.22 | -47221.22 | 8.87 | False | 0.00 | N/A | 1.83 | 2.02 | 2.07 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | DMF | BNY Mellon Municipal | Income Inc |  | 05589T104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 6.26 |  |  |  |  |  | BNY Mellon Municipal | Income Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 12129.65 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 37322.00 | 245814.83 | 245814.83 | 233635.72 | 233635.72 | -12179.11 | -12179.11 | 5.19 | False | 0.00 | N/A | 0.57 | 0.63 | 0.64 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | DSM | BNY Mellon Strategic | Municipal Bond Fund |  | 09662E109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 5.78 |  |  |  |  |  | BNY Mellon Strategic | Municipal Bond Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9318.85 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 26474.00 | 148355.00 | 148355.00 | 153019.72 | 153019.72 | 4664.72 | 4664.72 | 6.09 | False | 0.00 | N/A | 0.37 | 0.41 | 0.42 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | BWG | BRANDYWINE GLOBAL | INCO |  | 10537L104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 8.15 |  |  |  |  |  | BRANDYWINE GLOBAL | INCO |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 151200.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 140000.00 | 1455493.52 | 1455493.52 | 1141000.00 | 1141000.00 | -314493.52 | -314493.52 | 13.25 | False | 0.00 | N/A | 2.77 | 3.06 | 3.14 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | IVH | DELAWARE IVY | HIGH INCOME FUND |  | 246107106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | KS | KANSAS | USD | US DOLLAR | 1/0/1900 |  |  | 10.96 |  |  |  |  |  | DELAWARE IVY | HIGH INCOME FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 44934.53 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 50659.00 | 635767.47 | 635767.47 | 555222.64 | 555222.64 | -80544.83 | -80544.83 | 8.09 | False | 0.00 | N/A | 1.35 | 1.49 | 1.53 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | KSM | DWS STRATEGIC | MUNICIPAL INCO |  | 23342Q101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 8.17 |  |  |  |  |  | DWS STRATEGIC | MUNICIPAL INCO |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10888.54 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 22808.00 | 183217.17 | 183217.17 | 186341.36 | 186341.36 | 3124.19 | 3124.19 | 5.84 | False | 0.00 | N/A | 0.45 | 0.50 | 0.51 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | CEV | Eaton Vance Californ | ia Municipal Income |  | 27826F101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 9.98 |  |  |  |  |  | Eaton Vance Californ | ia Municipal Income |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 56011.22 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 107178.00 | 1325682.29 | 1325682.29 | 1069636.44 | 1069636.44 | -256045.85 | -256045.85 | 5.24 | False | 0.00 | N/A | 2.60 | 2.87 | 2.94 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | EVM | Eaton Vance Californ | ia Municipal Bond Fu |  | 27828A100 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 8.64 |  |  |  |  |  | Eaton Vance Californ | ia Municipal Bond Fu |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7967.55 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 18170.00 | 178687.68 | 178687.68 | 156988.80 | 156988.80 | -21698.88 | -21698.88 | 5.08 | False | 0.00 | N/A | 0.38 | 0.42 | 0.43 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | ENX | Eaton Vance New York | Municipal Bond Fund |  | 27827Y109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 9.01 |  |  |  |  |  | Eaton Vance New York | Municipal Bond Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 45909.09 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 114287.00 | 1256103.00 | 1256103.00 | 1029725.87 | 1029725.87 | -226377.13 | -226377.13 | 4.46 | False | 0.00 | N/A | 2.50 | 2.76 | 2.83 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | FMN | Federated Hermes Pre | mier Municipal Incom |  | 31423P108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 10.50 |  |  |  |  |  | Federated Hermes Pre | mier Municipal Incom |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 25415.16 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 44588.00 | 507820.99 | 507820.99 | 468174.00 | 468174.00 | -39646.99 | -39646.99 | 5.43 | False | 0.00 | N/A | 1.14 | 1.26 | 1.29 | 0.00 |  | R05X5UQ874RGFF7HHD84 |
| 127 | Matisse Discounted Bond CEF | FAM | First Trust Aberdeen | Global Opportunity |  | 337319107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 6.00 |  |  |  |  |  | First Trust Aberdeen | Global Opportunity |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 128338.86 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 187356.00 | 1050921.38 | 1050921.38 | 1124136.00 | 1124136.00 | 73214.62 | 73214.62 | 11.42 | False | 0.00 | N/A | 2.73 | 3.02 | 3.09 | 0.00 |  | 2HCZRZBY990FDYBUS727 |
| 127 | Matisse Discounted Bond CEF | FTHY | FIRST TRUST HIGH | YIELD OPP |  | 33741Q107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 13.48 |  |  |  |  |  | FIRST TRUST HIGH | YIELD OPP |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 74592.13 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 46036.00 | 662357.43 | 662357.43 | 620565.28 | 620565.28 | -41792.15 | -41792.15 | 12.02 | False | 0.00 | N/A | 1.51 | 1.66 | 1.71 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | FSD | First Trust High Inc | ome Long/Short Fund |  | 33738E109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 11.45 |  |  |  |  |  | First Trust High Inc | ome Long/Short Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 3150.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 2500.00 | 28555.75 | 28555.75 | 28625.00 | 28625.00 | 69.25 | 69.25 | 11.00 | False | 0.00 | N/A | 0.07 | 0.08 | 0.08 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | FCT | First Trust Senior | Floating Rate Income |  | 33733U108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 9.53 |  |  |  |  |  | First Trust Senior | Floating Rate Income |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 63942.49 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 74274.00 | 714144.51 | 714144.51 | 707831.22 | 707831.22 | -6313.29 | -6313.29 | 9.03 | False | 0.00 | N/A | 1.72 | 1.90 | 1.95 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | FTF | Franklin Ltd Duratio | n Income Trust |  | 35472T101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 6.21 |  |  |  |  |  | Franklin Ltd Duratio | n Income Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 127734.40 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 159668.00 | 973622.71 | 973622.71 | 991538.28 | 991538.28 | 17915.57 | 17915.57 | 12.88 | False | 0.00 | N/A | 2.41 | 2.66 | 2.73 | 0.00 |  | RIFQSET379FOGTEFKS80 |
| 127 | Matisse Discounted Bond CEF | VCV | INVESCO CA | CLOSED END FUND |  | 46132H106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 9.48 |  |  |  |  |  | INVESCO CA | CLOSED END FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13753.59 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 26088.00 | 234241.71 | 234241.71 | 247314.24 | 247314.24 | 13072.53 | 13072.53 | 5.56 | False | 0.00 | N/A | 0.60 | 0.66 | 0.68 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | VPV | INVESCO PENNSYLVANIA | VALUE M |  | 46132K109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 9.80 |  |  |  |  |  | INVESCO PENNSYLVANIA | VALUE M |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 33200.66 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 60552.00 | 569195.03 | 569195.03 | 593409.60 | 593409.60 | 24214.57 | 24214.57 | 5.59 | False | 0.00 | N/A | 1.44 | 1.59 | 1.63 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | VTN | Invesco Trust For | Investment Grade NY |  | 46131T101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 10.10 |  |  |  |  |  | Invesco Trust For | Investment Grade NY |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 18720.26 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 35794.00 | 443906.17 | 443906.17 | 361519.40 | 361519.40 | -82386.77 | -82386.77 | 5.18 | False | 0.00 | N/A | 0.88 | 0.97 | 0.99 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | KIO | KKR OPPORTUNITIES | FUND |  | 48249T106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 11.01 |  |  |  |  |  | KKR OPPORTUNITIES | FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 43320.06 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 34381.00 | 400415.94 | 400415.94 | 378534.81 | 378534.81 | -21881.13 | -21881.13 | 11.44 | False | 0.00 | N/A | 0.92 | 1.02 | 1.04 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | CMU | MFS High Yield Munic | ipal Trust |  | 59318E102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 3.13 |  |  |  |  |  | MFS High Yield Munic | ipal Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 67291.21 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 385623.00 | 1422457.49 | 1422457.49 | 1206999.99 | 1206999.99 | -215457.50 | -215457.50 | 5.58 | False | 0.00 | N/A | 2.93 | 3.24 | 3.32 | 0.00 |  | 549300V040JZX5S66Z78 |
| 127 | Matisse Discounted Bond CEF | CXH | MFS Investment Grade | Municipal Trust |  | 59318B108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 7.12 |  |  |  |  |  | MFS Investment Grade | Municipal Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 38414.04 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 113651.00 | 944741.98 | 944741.98 | 809195.12 | 809195.12 | -135546.86 | -135546.86 | 4.75 | False | 0.00 | N/A | 1.96 | 2.17 | 2.23 | 0.00 |  | 549300V040JZX5S66Z78 |
| 127 | Matisse Discounted Bond CEF | MSD | MORGAN STANLEY | MERGING MARKETS DEBT |  | 61744H105 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 6.54 |  |  |  |  |  | MORGAN STANLEY | MERGING MARKETS DEBT |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 56811.45 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 117137.00 | 986997.22 | 986997.22 | 766075.98 | 766075.98 | -220921.24 | -220921.24 | 7.42 | False | 0.00 | N/A | 1.86 | 2.05 | 2.11 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | EDD | Morgan Stanley Emerg | ing Markets Domestic |  | 617477104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 4.40 |  |  |  |  |  | Morgan Stanley Emerg | ing Markets Domestic |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 99544.25 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 306290.00 | 1625114.28 | 1625114.28 | 1347676.00 | 1347676.00 | -277438.28 | -277438.28 | 7.39 | False | 0.00 | N/A | 3.27 | 3.61 | 3.71 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | NBW | Neuberger Berman Cal | ifornia Intermediate |  | 64123C101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 11.30 |  |  |  |  |  | Neuberger Berman Cal | ifornia Intermediate |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 38683.55 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 71956.00 | 948601.89 | 948601.89 | 813059.63 | 813059.63 | -135542.26 | -135542.26 | 4.76 | False | 0.00 | N/A | 1.97 | 2.18 | 2.24 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | NBO | Neuberger Berman New | York Intermediate M |  | 64124K102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 9.43 |  |  |  |  |  | Neuberger Berman New | York Intermediate M |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 24052.97 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 50964.00 | 583868.62 | 583868.62 | 480590.52 | 480590.52 | -103278.10 | -103278.10 | 5.00 | False | 0.00 | N/A | 1.17 | 1.29 | 1.32 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | HYB | NEW AMERICA HIGH | INCOME FUND |  | 641876800 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 6.60 |  |  |  |  |  | NEW AMERICA HIGH | INCOME FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22200.39 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 30516.00 | 225469.90 | 225469.90 | 201405.60 | 201405.60 | -24064.30 | -24064.30 | 11.02 | False | 0.00 | N/A | 0.49 | 0.54 | 0.55 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | NPCT | Nuveen Core Plus Imp | act Fund |  | 67080D103 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 10.36 |  |  |  |  |  | Nuveen Core Plus Imp | act Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 160680.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 130000.00 | 1852120.44 | 1852120.44 | 1346800.00 | 1346800.00 | -505320.44 | -505320.44 | 11.93 | False | 0.00 | N/A | 3.27 | 3.61 | 3.71 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | NMT | Nuveen Massachusetts | Quality Municipal I |  | 67061E104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 10.57 |  |  |  |  |  | Nuveen Massachusetts | Quality Municipal I |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 26207.00 | 277793.16 | 277793.16 | 277007.99 | 277007.99 | -785.17 | -785.17 | 0.00 | False | 0.00 | N/A | 0.67 | 0.74 | 0.76 | 0.00 |  | 549300RK5RSCWBBL2616 |
| 127 | Matisse Discounted Bond CEF | JLS | Nuveen Mortgage | & Income |  | 670735109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 16.18 |  |  |  |  |  | Nuveen Mortgage | & Income |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 86436.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 84000.00 | 1447608.79 | 1447608.79 | 1359120.00 | 1359120.00 | -88488.79 | -88488.79 | 6.36 | False | 0.00 | N/A | 3.30 | 3.65 | 3.74 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | NUO | Nuveen Ohio Quility | Muni Income Fund |  | 670980101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 12.69 |  |  |  |  |  | Nuveen Ohio Quility | Muni Income Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 61756.30 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 112900.00 | 1610702.00 | 1610702.00 | 1432701.00 | 1432701.00 | -178001.00 | -178001.00 | 4.31 | False | 0.00 | N/A | 3.48 | 3.84 | 3.94 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | NQP | Nuveen Pennsylvania | Quality Municipal In |  | 670972108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 11.13 |  |  |  |  |  | Nuveen Pennsylvania | Quality Municipal In |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 21689.21 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 34675.00 | 362835.63 | 362835.63 | 385932.75 | 385932.75 | 23097.12 | 23097.12 | 5.62 | False | 0.00 | N/A | 0.94 | 1.04 | 1.06 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | NSL | Nuveen Senior Income | Fund |  | 67067Y104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 4.59 |  |  |  |  |  | Nuveen Senior Income | Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2358.76 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 5537.00 | 25196.72 | 25196.72 | 25414.83 | 25414.83 | 218.11 | 218.11 | 9.28 | False | 0.00 | N/A | 0.06 | 0.07 | 0.07 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | JSD | Nuveen Short | Duration Credit Opp |  | 67074X107 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 11.86 |  |  |  |  |  | Nuveen Short | Duration Credit Opp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13475.92 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 12135.00 | 149661.72 | 149661.72 | 143921.10 | 143921.10 | -5740.62 | -5740.62 | 9.36 | False | 0.00 | N/A | 0.35 | 0.39 | 0.40 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | ISD | PGIM High Yield Bond | Fund Inc |  | 69346H100 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 11.87 |  |  |  |  |  | PGIM High Yield Bond | Fund Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 25046.28 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 19878.00 | 243416.05 | 243416.05 | 235951.86 | 235951.86 | -7464.19 | -7464.19 | 10.61 | False | 0.00 | N/A | 0.57 | 0.63 | 0.65 | 0.00 |  | 5PRBRS5FEH7NREC8OR45 |
| 127 | Matisse Discounted Bond CEF | PHD | Pioneer Floating | Rate Trust |  | 72369J102 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 8.77 |  |  |  |  |  | Pioneer Floating | Rate Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 88619.69 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 121814.00 | 1149996.80 | 1149996.80 | 1068308.78 | 1068308.78 | -81688.02 | -81688.02 | 8.30 | False | 0.00 | N/A | 2.59 | 2.87 | 2.94 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | PHT | PIONEER HIGH | INCOME FUND |  | 72369H106 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 6.50 |  |  |  |  |  | PIONEER HIGH | INCOME FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20568.64 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 27064.00 | 172559.22 | 172559.22 | 175916.00 | 175916.00 | 3356.78 | 3356.78 | 11.69 | False | 0.00 | N/A | 0.43 | 0.47 | 0.48 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | MAV | PIONEER MUNI HIGH | INCOME ADV TRUST |  | 723762100 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 8.10 |  |  |  |  |  | PIONEER MUNI HIGH | INCOME ADV TRUST |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4688.19 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 9452.00 | 84030.30 | 84030.30 | 76561.20 | 76561.20 | -7469.10 | -7469.10 | 6.12 | False | 0.00 | N/A | 0.19 | 0.21 | 0.21 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | MHI | Pioneer Municipal | High Income Trust |  | 723763108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 8.58 |  |  |  |  |  | Pioneer Municipal | High Income Trust |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5558.95 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 11368.00 | 118783.43 | 118783.43 | 97537.44 | 97537.44 | -21245.99 | -21245.99 | 5.70 | False | 0.00 | N/A | 0.24 | 0.26 | 0.27 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | MIO | Pioneer Municipal Hi | gh Income Opportunit |  | 723760104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 10.65 |  |  |  |  |  | Pioneer Municipal Hi | gh Income Opportunit |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 75240.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 110000.00 | 1503833.81 | 1503833.81 | 1171500.00 | 1171500.00 | -332333.81 | -332333.81 | 6.42 | False | 0.00 | N/A | 2.84 | 3.14 | 3.22 | 0.00 |  | 5493005BKX8X756MKL25 |
| 127 | Matisse Discounted Bond CEF | RMMZ | RiverNorth Managed D | uration Municipal In |  | 76882M104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 15.18 |  |  |  |  |  | RiverNorth Managed D | uration Municipal In |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 56317.18 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 67559.00 | 949514.78 | 949514.78 | 1025545.62 | 1025545.62 | 76030.84 | 76030.84 | 5.49 | False | 0.00 | N/A | 2.49 | 2.75 | 2.82 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | 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 |  | 127;USD | USD | 7691.00 | 35758.53 | 35758.53 | 35758.53 | 35758.53 | 0.00 | 0.00 | 0.00 | False | 0.00 | N/A | 0.09 | 0.10 | 0.10 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | VCIF | VERTICAL CAPITAL | INCOME FUND |  | 92535C104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 8.71 |  |  |  |  |  | VERTICAL CAPITAL | INCOME FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 98488.52 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 93019.00 | 916220.52 | 916220.52 | 810195.49 | 810195.49 | -106025.03 | -106025.03 | 12.16 | False | 0.00 | N/A | 1.97 | 2.17 | 2.23 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | VGI | VIRTUS GLOBAL MULTI | SECTOR INCOME FUND |  | 92829B101 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | CT | CONNECTICUT | USD | US DOLLAR | 1/0/1900 |  |  | 7.75 |  |  |  |  |  | VIRTUS GLOBAL MULTI | SECTOR INCOME FUND |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 139200.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 145000.00 | 1256676.20 | 1256676.20 | 1123750.00 | 1123750.00 | -132926.20 | -132926.20 | 12.39 | False | 0.00 | N/A | 2.73 | 3.01 | 3.09 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | 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 | 124134.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 121700.00 | 1192048.72 | 1192048.72 | 1108687.00 | 1108687.00 | -83361.72 | -83361.72 | 11.20 | False | 0.00 | N/A | 2.69 | 2.97 | 3.05 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | WIW | Western Asset | Opp & Income Fund |  | 95766R104 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 9.13 |  |  |  |  |  | Western Asset | Opp & Income Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 152460.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 110000.00 | 1171131.74 | 1171131.74 | 1004300.00 | 1004300.00 | -166831.74 | -166831.74 | 15.18 | False | 0.00 | N/A | 2.44 | 2.69 | 2.76 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | SBI | WESTERN ASSET | INTERMEDIATE |  | 958435109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 7.59 |  |  |  |  |  | WESTERN ASSET | INTERMEDIATE |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1169.45 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 4147.00 | 37477.92 | 37477.92 | 31475.73 | 31475.73 | -6002.19 | -6002.19 | 3.72 | False | 0.00 | N/A | 0.08 | 0.08 | 0.09 | 0.00 |  |  |
| 127 | Matisse Discounted Bond CEF | WDI | Western Asset Divers | ified Income Fund |  | 95790K109 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 12.70 |  |  |  |  |  | Western Asset Divers | ified Income Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 158070.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 110000.00 | 1744866.50 | 1744866.50 | 1397000.00 | 1397000.00 | -347866.50 | -347866.50 | 11.31 | False | 0.00 | N/A | 3.39 | 3.75 | 3.84 | 0.00 |  | RIFQSET379FOGTEFKS80 |
| 127 | Matisse Discounted Bond CEF | 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 | 162825.00 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 130000.00 | 1564683.25 | 1564683.25 | 1400100.00 | 1400100.00 | -164583.25 | -164583.25 | 11.63 | False | 0.00 | N/A | 3.40 | 3.76 | 3.85 | 0.00 |  | RIFQSET379FOGTEFKS80 |
| 127 | Matisse Discounted Bond CEF | MNP | Western Asset Munici | pal Partners Fund In |  | 95766P108 | UNGROUPED SECURITIES |  | CLOSED-E | CLOSED-END FUND |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 11.64 |  |  |  |  |  | Western Asset Munici | pal Partners Fund In |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22004.50 | L<br> N |  |  | 1/3/2023<br> C |  | 127;USD | USD | 31435.00 | 454518.42 | 454518.42 | 365903.40 | 365903.40 | -88615.02 | -88615.02 | 6.01 | False | 0.00 | N/A | 0.89 | 0.98 | 1.01 | 0.00 |  | RIFQSET379FOGTEFKS80 |

---

## 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 Bond CEF Strategy

- **b. EDGAR series identifier (if any):** S000061872

- **c. LEI of Series:** 549300VDRUKECI4KMZ43

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

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

- **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:** $37283272.78

**Total Liabilities:** $942840.18

**Net Assets:** $36340432.60

**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 C000200403 | -0.66%               | 10.00%               | -2.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-75241.78               | $-336476.79                                |
| Month 2  | $-30401.71               | $3166805.89                                |
| Month 3  | $53103.21                | $-1226325.94                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apollo Senior        | CLOSED-E | CUSIP: 037636107<br>LEI: 5493005XHGCCBXT5YQ39 | Long             | EC               | CORP              | US        |     10778 | NS      | $133000.52    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Tactical      | CLOSED-E | CUSIP: 037638103<br>LEI: 549300JOTMM1DVBHF402 | Long             | EC               | CORP              | US        |     68837 | NS      | $834304.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Dynamic Credit  | CLOSED-E | CUSIP: 04014F102<br>LEI: 549300BZI16VZUT2N044 | Long             | EC               | CORP              | US        |     60105 | NS      | $696616.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE/GSO       | CLOSED-E | CUSIP: 09257R101<br>LEI: 549300YESIF051NRED20 | Long             | EC               | CORP              | US        |       854 | NS      | $9035.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BARINGS GLOBAL SHORT | CLOSED-E | CUSIP: 06760L100<br>LEI: 549300WWIZCL845OP089 | Long             | EC               | CORP              | US        |     10988 | NS      | $139327.84    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone/GSO Long- | CLOSED-E | CUSIP: 09257D102<br>LEI: 549300SM8M5F2TV58W35 | Long             | EC               | CORP              | US        |     69365 | NS      | $751916.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock New York M | CLOSED-E | CUSIP: 09248L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74719 | NS      | $752420.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE GLOBAL    | CLOSED-E | CUSIP: 10537L104<br>LEI: 549300P4CDQCJBGI0833 | Long             | EC               | CORP              | US        |    140000 | NS      | $1141000.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Californ | CLOSED-E | CUSIP: 27826F101<br>LEI: 5493000EWT76UUJKIW67 | Long             | EC               | CORP              | US        |    107178 | NS      | $1069636.44   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS High Yield Munic | CLOSED-E | CUSIP: 59318E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    385623 | NS      | $1206999.99   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Investment Grade | CLOSED-E | CUSIP: 59318B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113651 | NS      | $809195.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Municipal | CLOSED-E | CUSIP: 05589T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37322 | NS      | $233635.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Mortga | CLOSED-E | CUSIP: 95790B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $1400100.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Strategic | CLOSED-E | CUSIP: 09662E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26474 | NS      | $153019.72    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Emerg | CLOSED-E | CUSIP: 617477104<br>LEI: 541YGIXZ6JJP4EZDJI96 | Long             | EC               | CORP              | US        |    306290 | NS      | $1347676.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset        | CLOSED-E | CUSIP: 95766A101<br>LEI: 549300F68574RU1BKP84 | Long             | EC               | CORP              | US        |    121700 | NS      | $1108687.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance New York | CLOSED-E | CUSIP: 27827Y109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114287 | NS      | $1029725.87   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Californ | CLOSED-E | CUSIP: 27828A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18170 | NS      | $156988.80    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Aberdeen | CLOSED-E | CUSIP: 337319107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187356 | NS      | $1124136.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ABERDEEN ASIA        | CLOSED-E | CUSIP: 003009107<br>LEI: 549300J666ZH67203572 | Long             | EC               | CORP              | US        |    570000 | NS      | $1499100.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Senior   | CLOSED-E | CUSIP: 33733U108<br>LEI: 549300188EQ1UO018C30 | Long             | EC               | CORP              | US        |     74274 | NS      | $707831.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGEL OAK FINANCIAL  | CLOSED-E | CUSIP: 03464A100<br>LEI: 549300BL3JQL47QYUO51 | Long             | EC               | CORP              | US        |     80000 | NS      | $1024800.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Pre | CLOSED-E | CUSIP: 31423P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44588 | NS      | $468174.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust High Inc | CLOSED-E | CUSIP: 33738E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $28625.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Ltd Duratio | CLOSED-E | CUSIP: 35472T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159668 | NS      | $991538.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST TRUST HIGH     | CLOSED-E | CUSIP: 33741Q107<br>LEI: 549300VWTG40J7RZE994 | Long             | EC               | CORP              | US        |     46036 | NS      | $620565.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW AMERICA HIGH     | CLOSED-E | CUSIP: 641876800<br>LEI: V5LSTDFQKWGSW30MQ381 | Long             | EC               | CORP              | US        |     30516 | NS      | $201405.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM High Yield Bond | CLOSED-E | CUSIP: 69346H100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19878 | NS      | $235951.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DELAWARE IVY         | CLOSED-E | CUSIP: 246107106<br>LEI: 549300C130E3EJZ8ZQ39 | Long             | EC               | CORP              | US        |     50659 | NS      | $555222.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Mortgage      | CLOSED-E | CUSIP: 670735109<br>LEI: 07Q4EPZRU8XATVYVY545 | Long             | EC               | CORP              | US        |     84000 | NS      | $1359120.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Short         | CLOSED-E | CUSIP: 67074X107<br>LEI: N0WOEFO1WOMLJYH1PV29 | Long             | EC               | CORP              | US        |     12135 | NS      | $143921.10    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR OPPORTUNITIES    | CLOSED-E | CUSIP: 48249T106<br>LEI: 549300H65GA67Q2C3B36 | Long             | EC               | CORP              | US        |     34381 | NS      | $378534.81    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS STRATEGIC        | CLOSED-E | CUSIP: 23342Q101<br>LEI: HW9ZECORLBPA6LHYL567 | Long             | EC               | CORP              | US        |     22808 | NS      | $186341.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER MUNI HIGH    | CLOSED-E | CUSIP: 723762100<br>LEI: UE8ZNXHQH48NNA19I459 | Long             | EC               | CORP              | US        |      9452 | NS      | $76561.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal    | CLOSED-E | CUSIP: 723763108<br>LEI: 1SKUXW31ZFWF61CETQ82 | Long             | EC               | CORP              | US        |     11368 | NS      | $97537.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniHoldin | CLOSED-E | CUSIP: 09255C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8037 | NS      | $82539.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal Hi | CLOSED-E | CUSIP: 723760104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110000 | NS      | $1171500.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniYield  | CLOSED-E | CUSIP: 09254V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21623 | NS      | $239799.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Munici | CLOSED-E | CUSIP: 95766P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31435 | NS      | $365903.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniYield  | CLOSED-E | CUSIP: 09255G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117000 | NS      | $1288170.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY       | CLOSED-E | CUSIP: 61744H105<br>LEI: 879N34XPZOOCKFD26737 | Long             | EC               | CORP              | US        |    117137 | NS      | $766075.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniHoldin | CLOSED-E | CUSIP: 09254L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78600 | NS      | $844164.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniHoldin | CLOSED-E | CUSIP: 09254X101<br>LEI: FDX8Y56FK6PN1WE5XX39 | Long             | EC               | CORP              | US        |     71765 | NS      | $794438.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniYield  | CLOSED-E | CUSIP: 09255E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33064 | NS      | $324027.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman New | CLOSED-E | CUSIP: 64124K102<br>LEI: 549300QBK683OL6H5P21 | Long             | EC               | CORP              | US        |     50964 | NS      | $480590.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman Cal | CLOSED-E | CUSIP: 64123C101<br>LEI: 5493003VDAWQHC3PB533 | Long             | EC               | CORP              | US        |     71956 | NS      | $813059.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Massachusetts | CLOSED-E | CUSIP: 67061E104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26207 | NS      | $277007.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Core Plus Imp | CLOSED-E | CUSIP: 67080D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $1346800.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Pennsylvania  | CLOSED-E | CUSIP: 670972108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34675 | NS      | $385932.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Senior Income | CLOSED-E | CUSIP: 67067Y104<br>LEI: KBG7JWT0F7S6ZY1KMU47 | Long             | EC               | CORP              | US        |      5537 | NS      | $25414.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Ohio Quility  | CLOSED-E | CUSIP: 670980101<br>LEI: 549300YQTF12CXCN9E54 | Long             | EC               | CORP              | US        |    112900 | NS      | $1432701.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Floating     | CLOSED-E | CUSIP: 72369J102<br>LEI: 14KCTV0UEB8JC8MU2I61 | Long             | EC               | CORP              | US        |    121814 | NS      | $1068308.78   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER HIGH         | CLOSED-E | CUSIP: 72369H106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27064 | NS      | $175916.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RiverNorth Managed D | CLOSED-E | CUSIP: 76882M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67559 | NS      | $1025545.62   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ASSET        | CLOSED-E | CUSIP: 958435109<br>LEI: 5493000MG5MROBD48K57 | Long             | EC               | CORP              | US        |      4147 | NS      | $31475.73     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTICAL CAPITAL     | CLOSED-E | CUSIP: 92535C104<br>LEI: 549300LVMWHJGZNVXZ22 | Long             | EC               | CORP              | US        |     93019 | NS      | $810195.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO CA           | CLOSED-E | CUSIP: 46132H106<br>LEI: 0O4FOPVOK8KA2I2US555 | Long             | EC               | CORP              | US        |     26088 | NS      | $247314.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTUS GLOBAL MULTI  | CLOSED-E | CUSIP: 92829B101<br>LEI: 5493008J77OQDENT5651 | Long             | EC               | CORP              | US        |    145000 | NS      | $1123750.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO PENNSYLVANIA | CLOSED-E | CUSIP: 46132K109<br>LEI: 549300S5KHBL3XISY922 | Long             | EC               | CORP              | US        |     60552 | NS      | $593409.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Trust For    | CLOSED-E | CUSIP: 46131T101<br>LEI: FNS6N81D3V131ZZWNT79 | Long             | EC               | CORP              | US        |     35794 | NS      | $361519.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Divers | CLOSED-E | CUSIP: 95790K109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110000 | NS      | $1397000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset        | CLOSED-E | CUSIP: 95766R104<br>LEI: 549300Z3DNF4FJBJ4A87 | Long             | EC               | CORP              | US        |    110000 | NS      | $1004300.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investments | MONEYMKT | CUSIP: 316175108<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | STIV             |  | US        |    141630 | NS      | $141629.53    | 0.00%             |  |  |  | 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