# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0001387131-23-000820
**Filing Date:** 2023-1
**Character Count:** 8584
**Document Hash:** 6dfdcbb9946d0f88038cd7ddbf8bb83e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-000820.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001387131-23-000820

**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:** 23561946

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | 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 |
| 851 | RH Tactical Rotation 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 |  | 851;USD | USD | 30595.00 | 2376481.05 | 2376481.05 | 1826521.50 | 1826521.50 | -549959.55 | -549959.55 | 0.00 | False | 0.00 | N/A | 7.44 | 7.00 | 7.02 | 0.00 |  |  |
| 851 | RH Tactical Rotation ETF | SPYV | SPDR PORT S&P 500 |  |  | 78464A508 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 40.71 |  |  |  |  |  | SPDR PORT S&P 500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 68653.37 | L<br> N |  |  | 11/30/2022 | T |  | 851;USD | USD | 77800.00 | 3089881.52 | 3089881.52 | 3167238.00 | 3167238.00 | 77356.48 | 77356.48 | 2.17 | False | 0.00 | N/A | 12.91 | 12.15 | 12.17 | 0.00 |  |  |
| 851 | RH Tactical Rotation ETF | SPYG | SPDR Portfolio S&P 5 | 00 Growth ETF |  | 78464A409 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 54.98 |  |  |  |  |  | SPDR Portfolio S&P 5 | 00 Growth ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 25810.39 | L<br> N |  |  | 11/30/2022 | T |  | 851;USD | USD | 51352.00 | 3008409.68 | 3008409.68 | 2823332.96 | 2823332.96 | -185076.72 | -185076.72 | 0.91 | False | 0.00 | N/A | 11.51 | 10.83 | 10.85 | 0.00 |  |  |
| 851 | RH Tactical Rotation ETF | SPY | SPDR S&P 500 ETF Tru | st |  | 78462F103 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 1/0/1900 |  |  | 407.68 |  |  |  |  |  | SPDR S&P 500 ETF Tru | st |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 253253.47 | L<br> N |  |  | 11/30/2022 | T |  | 851;USD | USD | 41008.00 | 17663172.09 | 17663172.09 | 16718141.44 | 16718141.44 | -945030.65 | -945030.65 | 1.51 | False | 0.00 | N/A | 68.14 | 64.11 | 64.24 | 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 Rotation ETF

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

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

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

- **a. Date of fiscal year-end:** 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:** $26078168.96

**Total Liabilities:** $51839.70

**Net Assets:** $26026329.26

**Currency Risk Metrics (dv01):**

- 

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

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

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227947 | -8.90%               | 5.81%                | 7.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2066.20                | $-2746579.67                               |
| Month 2  | $0.00                    | $1259355.69                                |
| Month 3  | $-21.69                  | $1609753.47                                |

### 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        |     30595 | NS      | $1826521.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Tru | ETF     | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | CORP              | US        |     41008 | NS      | $16718141.44  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio S&P 5 | ETF     | CUSIP: 78464A409<br>LEI: 549300VUPJJVH7HVPB06 | Long             | EC               | CORP              | US        |     51352 | NS      | $2823332.96   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR PORT S&P 500    | ETF     | CUSIP: 78464A508<br>LEI: 549300Q000TDS51V8H46 | Long             | EC               | CORP              | US        |     77800 | NS      | $3167238.00   | 0.12%             |  |  |  | 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