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    <isConfidential>false</isConfidential>
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          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


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        <classId>C000200403</classId>
      </seriesClassInfo>


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      <regFileNumber>811-22298</regFileNumber>
      <regCik>0001464413</regCik>
      <regLei>549300IGQEISLESO0528</regLei>
      <regStreet1>116 South Franklin Street</regStreet1>
      <regCity>Rocky Mount</regCity>
      <regStateConditional regCountry="US" regState="US-NC"/>
      <regZipOrPostalCode>27804</regZipOrPostalCode>
      <regPhone>252-972-9922</regPhone>
      <seriesName>Matisse Discounted Bond CEF Strategy</seriesName>
      <seriesId>S000061872</seriesId>
      <seriesLei>549300VDRUKECI4KMZ43</seriesLei>
      <repPdEnd>2024-03-31</repPdEnd>
      <repPdDate>2024-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>833298.52</totLiabs>
      <netAssets>49889328.11</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
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      <amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
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      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>0</cshNotRptdInCorD>
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      <borrowers>
        <borrower aggrVal="0" lei="N/A" name="N/A"/>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        </monthlyTotReturns>
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        <othMon2 netRealizedGain="75832.57" netUnrealizedAppr="47066.15"/>
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        <name>MFS High Yield Munic</name>
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      <invstOrSec>
        <name>MFS High Income Muni</name>
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        <name>Morgan Stanley Emerg</name>
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        <name>BlackRock MuniHoldin</name>
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      <invstOrSec>
        <name>Pioneer Municipal Hi</name>
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        <name>BlackRock MuniYield</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Western Asset Manage</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>95766M105</cusip>
        <identifiers>
          <isin value="US95766M1053"/>
        </identifiers>
        <balance>29650</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>309842.5</valUSD>
        <pctVal>0.62</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniHoldin</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09254L107</cusip>
        <identifiers>
          <isin value="US09254L1070"/>
        </identifiers>
        <balance>78600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>865386</valUSD>
        <pctVal>1.73</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniHoldin</name>
        <lei>FDX8Y56FK6PN1WE5XX39</lei>
        <title>CLOSED-E</title>
        <cusip>09254X101</cusip>
        <identifiers>
          <isin value="US09254X1019"/>
        </identifiers>
        <balance>100700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1171141</valUSD>
        <pctVal>2.35</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Arizona Quali</name>
        <lei>549300DWXOLUWN2P0B05</lei>
        <title>CLOSED-E</title>
        <cusip>67061W104</cusip>
        <identifiers>
          <isin value="US67061W1045"/>
        </identifiers>
        <balance>139990</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1537090.2</valUSD>
        <pctVal>3.08</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Mun</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>64124P101</cusip>
        <identifiers>
          <isin value="US64124P1012"/>
        </identifiers>
        <balance>135900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1422873</valUSD>
        <pctVal>2.85</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Minnesota Qua</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>670734102</cusip>
        <identifiers>
          <isin value="US6707341029"/>
        </identifiers>
        <balance>22435</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252252.41</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Massachusetts</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67061E104</cusip>
        <identifiers>
          <isin value="US67061E1047"/>
        </identifiers>
        <balance>72634</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>793163.28</valUSD>
        <pctVal>1.59</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Missouri Qual</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67060Q108</cusip>
        <identifiers>
          <isin value="US67060Q1085"/>
        </identifiers>
        <balance>34880</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>354380.8</valUSD>
        <pctVal>0.71</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Core Plus Imp</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67080D103</cusip>
        <identifiers>
          <isin value="US67080D1037"/>
        </identifiers>
        <balance>130000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1345500</valUSD>
        <pctVal>2.7</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Variable Rate</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67080R102</cusip>
        <identifiers>
          <isin value="US67080R1023"/>
        </identifiers>
        <balance>72395</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1296594.45</valUSD>
        <pctVal>2.6</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Virginia Qual</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67064R102</cusip>
        <identifiers>
          <isin value="US67064R1023"/>
        </identifiers>
        <balance>150000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1660500</valUSD>
        <pctVal>3.33</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Pennsylvania</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>670972108</cusip>
        <identifiers>
          <isin value="US6709721087"/>
        </identifiers>
        <balance>34675</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>409858.5</valUSD>
        <pctVal>0.82</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen AMT-Free Muni</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67071L106</cusip>
        <identifiers>
          <isin value="US67071L1061"/>
        </identifiers>
        <balance>110000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1336500</valUSD>
        <pctVal>2.68</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Municipal Cre</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67070X101</cusip>
        <identifiers>
          <isin value="US67070X1019"/>
        </identifiers>
        <balance>120447</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1474271.28</valUSD>
        <pctVal>2.96</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RiverNorth/DoubleLin</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>76882G107</cusip>
        <identifiers>
          <isin value="US76882G1076"/>
        </identifiers>
        <balance>195000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1680900</valUSD>
        <pctVal>3.37</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO California Mun</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72200M108</cusip>
        <identifiers>
          <isin value="US72200M1080"/>
        </identifiers>
        <balance>300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1731000</valUSD>
        <pctVal>3.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flaherty &amp; Crumrine</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>338480106</cusip>
        <identifiers>
          <isin value="US3384801060"/>
        </identifiers>
        <balance>5692</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60392.12</valUSD>
        <pctVal>0.12</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flaherty &amp; Crumrine</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>33848E106</cusip>
        <identifiers>
          <isin value="US33848E1064"/>
        </identifiers>
        <balance>133763</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1128959.72</valUSD>
        <pctVal>2.26</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO New York Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72200T103</cusip>
        <identifiers>
          <isin value="US72200T1034"/>
        </identifiers>
        <balance>1472</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11363.84</valUSD>
        <pctVal>0.02</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO New York Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72200Y102</cusip>
        <identifiers>
          <isin value="US72200Y1029"/>
        </identifiers>
        <balance>72317</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>536592.14</valUSD>
        <pctVal>1.08</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO New York Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72201E105</cusip>
        <identifiers>
          <isin value="US72201E1055"/>
        </identifiers>
        <balance>124383</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>730128.21</valUSD>
        <pctVal>1.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN ASSET</name>
        <lei>5493000MG5MROBD48K57</lei>
        <title>CLOSED-E</title>
        <cusip>958435109</cusip>
        <identifiers>
          <isin value="US9584351095"/>
        </identifiers>
        <balance>4147</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32844.24</valUSD>
        <pctVal>0.07</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Templeton Emerging</name>
        <lei>HM42X4Y58XQ0M2JYZW07</lei>
        <title>CLOSED-E</title>
        <cusip>880192109</cusip>
        <identifiers>
          <isin value="US8801921094"/>
        </identifiers>
        <balance>218151</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1184559.93</valUSD>
        <pctVal>2.37</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESCO CA</name>
        <lei>0O4FOPVOK8KA2I2US555</lei>
        <title>CLOSED-E</title>
        <cusip>46132H106</cusip>
        <identifiers>
          <isin value="US46132H1068"/>
        </identifiers>
        <balance>26088</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>259836.48</valUSD>
        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELAWARE INV NATL</name>
        <lei>NIC7ULNUGCUI836YP119</lei>
        <title>CLOSED-E</title>
        <cusip>24610T108</cusip>
        <identifiers>
          <isin value="US24610T1088"/>
        </identifiers>
        <balance>170000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1761200</valUSD>
        <pctVal>3.53</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRTUS GLOBAL MULTI</name>
        <lei>5493008J77OQDENT5651</lei>
        <title>CLOSED-E</title>
        <cusip>92829B101</cusip>
        <identifiers>
          <isin value="US92829B1017"/>
        </identifiers>
        <balance>67882</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>519976.12</valUSD>
        <pctVal>1.04</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Advantage</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>46132E103</cusip>
        <identifiers>
          <isin value="US46132E1038"/>
        </identifiers>
        <balance>501</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4258.5</valUSD>
        <pctVal>0.01</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Municipal Tr</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>46131J103</cusip>
        <identifiers>
          <isin value="US46131J1034"/>
        </identifiers>
        <balance>97310</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>943907</valUSD>
        <pctVal>1.89</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESCO PENNSYLVANIA</name>
        <lei>549300S5KHBL3XISY922</lei>
        <title>CLOSED-E</title>
        <cusip>46132K109</cusip>
        <identifiers>
          <isin value="US46132K1097"/>
        </identifiers>
        <balance>60552</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>620658</valUSD>
        <pctVal>1.24</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Western Asset</name>
        <lei>549300BKG7Y2MQAORR48</lei>
        <title>CLOSED-E</title>
        <cusip>95766Q106</cusip>
        <identifiers>
          <isin value="US95766Q1067"/>
        </identifiers>
        <balance>38003</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>309344.42</valUSD>
        <pctVal>0.62</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Western Asset</name>
        <lei>549300Z3DNF4FJBJ4A87</lei>
        <title>CLOSED-E</title>
        <cusip>95766R104</cusip>
        <identifiers>
          <isin value="US95766R1041"/>
        </identifiers>
        <balance>199117</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1718379.71</valUSD>
        <pctVal>3.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Investments</name>
        <lei>6X064LF7Y6B4DKF2GZ26</lei>
        <title>MONEYMKT</title>
        <cusip>316175108</cusip>
        <identifiers>
          <ticker value="FIGXX"/>
        </identifiers>
        <balance>5985772.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5985772.51</valUSD>
        <pctVal>12</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Money Market" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-05-15</ncom:dateSigned>
      <ncom:nameOfApplicant>Starboard Investment Trust</ncom:nameOfApplicant>
      <ncom:signature>Pete Mccabe</ncom:signature>
      <ncom:signerName>Pete Mccabe</ncom:signerName>
      <ncom:title>Principal Accounting Officer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
