Exhibit (g)(1)(v)

APPENDIX

(updated January 20, 2022)

The following open-end management investment companies (“Funds”) are hereby made parties to the Rule 17f-5 Delegation Agreement between UMB Bank, n.a., as Custodian, and Starboard Investment Trust, and agree to be bound by all terms and conditions contained in said Agreement:

1. Adaptive High Income Fund

2. Matisse Discounted Bond CEF Strategy

3. Matisse Discounted Closed-End Fund Strategy

4. QCI Balanced Fund

5. Roumell Opportunistic Value Fund

6. RH Hedged Multi-Asset Income ETF

7. Sector Rotation Fund

8. Typhon Tactical Managed Futures Strategy Fund

9. Typhon Tactical Managed Futures (Cayman) Fund Ltd.

STARBOARD INVESTMENT TRUST
By:	/s/ Katherine M. Honey
	Katherine M. Honey, President
UMB BANK, N.A.
By:	/s/ Amy Small
Name:	Amy Small
Title:	Senior Vice President