APPENDIX

(Updated November 1, 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.

10.	Utah Focus Fund

	STARBOARD INVESTMENT TRUST
	By:	/s/ Katherine M. Honey
		Katherine M. Honey, President


	UMB BANK, N.A.

	By:	/s/ David Paldino
	Name:	David Paldino
	Title:	SVP