# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-005947
**Filing Date:** 2025-12
**Character Count:** 26654
**Document Hash:** a20eac7f33d8ed22505ac9ae8a638546
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005947.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-005947

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Roads Shared Trust
- **CENTRAL INDEX KEY:** 0001552947

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 251603391

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Holbrook Total Return Fund (Series ID: S000091919)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000259794 | Class I      |  |
| C000259796 | Class A      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Two Roads Shared Trust

- **b. Investment Company Act file number:** 811-22718

- **c. CIK number of Registrant:** 0001552947

- **d. LEI of Registrant:** 549300REHU8QC2CK4V30

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 402-895-1600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Holbrook Total Return Fund

- **b. EDGAR series identifier (if any):** S000091919

- **c. LEI of Series:** 529900W5LT18TMDNJF57

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**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:** $16232781.35

**Total Liabilities:** $177619.73

**Net Assets:** $16055161.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 84.10203400 | **1-Year:** 723.96671300 | **5-Year:** 1422.10383100 | **10-Year:** 688.95798000 | **30-Year:** 379.67851700

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

- **3-Month:** 8.80416800 | **1-Year:** 118.36079600 | **5-Year:** 180.57338200 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259794 | 1.15%                | 0.39%                | 0.56%                |
| Class ID C000259796 | 1.13%                | 0.37%                | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2001.86                | $84867.41                                  |
| Month 2  | $5004.36                 | $-65219.33                                 |
| Month 3  | $1047.51                 | $-27997.56                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Funds Inc.                              | FRST AM-GV OB-X       | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    340147 | PA      | $340146.93    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHR 5438 H            | CUSIP: 3137HFDS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    259318 | PA      | $260553.48    | 1.62%             | 2050-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stellus Capital Investment Corporation                 | SCM 7 1/4 04/01/30    | CUSIP: 858568AC2<br>LEI: 5493001DZV6QC1KUSC43 | Long             | DBT              | RF                | US        |    500000 | PA      | $507953.12    | 3.16%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank plc                                        | LLOYDS 10 10/25/33    | CUSIP: 5394E8CC1<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | DBT              | CORP              | GB        |     23000 | PA      | $16761.25     | 0.10%             | 2033-10-25      | Floating      | 1.41%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                      | BACR Float 05/31/33   | CUSIP: 06741TVK0<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $32499.85     | 0.20%             | 2033-05-31      | Floating      | 1.11%                 | No            |                  2 | On Loan: No      |
| Fidus Investment Corporation                           | FDUS 6 3/4 03/19/30   | CUSIP: 316500AD9<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |    490000 | PA      | $495032.18    | 3.08%             | 2030-03-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | TII 2 1/8 02/15/54    | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    550000 | PA      | $541710.39    | 3.37%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Nomura America Finance LLC                             | NOMURA FLOAT 07/29/34 | CUSIP: 65539ABE9<br>LEI: 549300U646RSSKIVOJ29 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10795.19     | 0.07%             | 2034-07-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| W & T Offshore Inc.                                    | WTI 10 3/4 02/01/29   | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $471435.00    | 2.94%             | 2029-02-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia                                    | BNS Float 09/29/34    | CUSIP: 064159FT8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    104000 | PA      | $70766.80     | 0.44%             | 2034-09-29      | Floating      | 0.29%                 | No            |                  2 | On Loan: No      |
| CFMT 2024-HB15 LLC                                     | CFMT 2024-HB15 M3     | CUSIP: 15723AAD3<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $482902.95    | 3.01%             | 2034-08-25      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Enstar Group Ltd                                       | ESGR 7 PERP           | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |     20000 | NS      | $480000.00    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS FLOAT 10/30/27     | CUSIP: 38141GGV0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18877.20     | 0.12%             | 2027-10-30      | Floating      | 2.19%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank plc                                        | LLOYDS FLOAT 11/27/33 | CUSIP: 5394E8CE7<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | DBT              | CORP              | GB        |     35000 | PA      | $23186.17     | 0.14%             | 2033-11-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Great Elm Capital Corporation                          | GECC 8 1/8            | CUSIP: 390320877<br>LEI: 549300JTA9ODXNIVFC33 | Long             | EP               | CORP              | US        |     20432 | NS      | $516725.28    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS Float 01/23/28     | CUSIP: 38141GMD3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     55000 | PA      | $49340.78     | 0.31%             | 2028-01-23      | Floating      | 1.74%                 | No            |                  2 | On Loan: No      |
| Equify Financial LLC                                   | EQUIFY 9 1/2 04/30/30 | CUSIP: 29446PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500352.85    | 3.12%             | 2030-04-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia                                    | BNS Float 05/29/34    | CUSIP: 064159ES1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $10818.75     | 0.07%             | 2034-05-29      | Floating      | 1.99%                 | No            |                  2 | On Loan: No      |
| Gladstone Investment Corporation                       | GAIN 7 7/8            | CUSIP: 376546867<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |     17339 | NS      | $441797.72    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Bank plc                                        | LLOYDS Float 02/22/33 | CUSIP: 5394E8BN8<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | DBT              | CORP              | GB        |     54000 | PA      | $32676.16     | 0.20%             | 2033-02-22      | Floating      | 0.59%                 | No            |                  2 | On Loan: No      |
| Bank 2017-Bnk9                                         | BANK 2017-BNK9 XA     | CUSIP: 06540RAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12879802 | PA      | $166246.04    | 1.04%             | 2054-11-15      | Floating      | 0.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2025-6 DL         | CUSIP: 3136BUUF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $282590.10    | 1.76%             | 2053-04-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                    | BNS FLOAT 08/28/34    | CUSIP: 064159FM3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     28000 | PA      | $18872.56     | 0.12%             | 2034-08-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS FLOAT 12/13/28     | CUSIP: 38147Q2A3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23495.00     | 0.15%             | 2028-12-13      | Floating      | 2.96%                 | No            |                  2 | On Loan: No      |
| Trinity Capital Inc.                                   | TRIN 7 7/8            | CUSIP: 896442704<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |     17014 | NS      | $432325.74    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                                      | BACR Float 07/31/34   | CUSIP: 06741UFM1<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |     30000 | PA      | $22926.84     | 0.14%             | 2034-07-31      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2024-9                         | VERUS 2024-9 A1       | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-O            | CORP              | US        |    434016 | PA      | $436607.84    | 2.72%             | 2069-11-25      | Floating      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                          | MSC 2024-BPR2 E       | CUSIP: 61776EAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $486351.30    | 3.03%             | 2029-05-05      | Floating      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                  | XCAL 2024-SURF A      | CUSIP: 98373XBP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504798.60    | 3.14%             | 2028-09-25      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS FLOAT 02/28/28     | CUSIP: 38141GPC2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9046.70      | 0.06%             | 2028-02-28      | Floating      | 2.19%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C Float 12/23/29      | CUSIP: 1730T0HV4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    270000 | PA      | $235711.62    | 1.47%             | 2029-12-23      | Floating      | 2.38%                 | No            |                  2 | On Loan: No      |
| Investcorp CR Mgmt BDC Inc                             | ICMB 4 7/8 04/01/26   | CUSIP: 46090RAA2<br>LEI: 549300ZRNRCSKPLGYQ55 | Long             | DBT              | CORP              | US        |    117000 | PA      | $116442.59    | 0.73%             | 2026-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GS Finance Corp                                        | GS 4 1/4 06/30/31     | CUSIP: 40057HNH9<br>LEI: 549300FR80KBVO6DRL61 | Long             | DBT              | CORP              | US        |     50000 | PA      | $42518.80     | 0.26%             | 2031-06-30      | Floating      | 1.76%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS FLOAT 05/23/28     | CUSIP: 38141GTZ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44177.75     | 0.28%             | 2028-05-23      | Floating      | 1.44%                 | No            |                  2 | On Loan: No      |
| CFMT 2025-HB16 LLC                                     | CFMT 2025-HB16 M3     | CUSIP: 12531BAD0<br>LEI: 9845009142A6KE49BF08 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $474841.45    | 2.96%             | 2035-03-25      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Cumulus Media New Holdings Inc                         | CUMINT 6 3/4 07/01/26 | CUSIP: 23110AAA4<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $305000.00    | 1.90%             | 2026-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS 8 02/15/33         | CUSIP: 61760QCH5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     80000 | PA      | $51515.04     | 0.32%             | 2033-02-15      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| MMP Capital LLC                                        | MMPCAP 9 1/2 10/18/29 | CUSIP: 55330PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $502500.00    | 3.13%             | 2029-10-18      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| GSMS 2024-FAIR                                         | GSMS 2024-FAIR D      | CUSIP: 36270JAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $515929.10    | 3.21%             | 2029-07-15      | Floating      | 7.95%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                          | MSC 2024-BPR2 C       | CUSIP: 61776EAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $521533.95    | 3.25%             | 2029-05-05      | Floating      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                  | XCALFD 25 09/01/25    | CUSIP: 98373XAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $700000.00    | 4.36%             | 2026-03-31      | Fixed         | 25.00%                | Yes           |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development    | IBRD Float 07/31/34   | CUSIP: 45905UPQ1<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |     25000 | PA      | $17764.60     | 0.11%             | 2034-07-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS FLOAT 11/13/28     | CUSIP: 38147QK21<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22542.08     | 0.14%             | 2028-11-13      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| ONITY LOAN INVESTMENT TRUST 2025-HB1                   | OLIT 2025-HB1 M3      | CUSIP: 68278EAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $460169.85    | 2.87%             | 2038-06-25      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                          | MSC 2024-BPR2 B       | CUSIP: 61776EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $533037.30    | 3.32%             | 2029-05-05      | Fixed         | 8.54%                 | Yes           |                  2 | On Loan: No      |
| ReadyCap Holdings LLC                                  | RDYCAP 9 3/8 03/01/28 | CUSIP: 755763AE9<br>LEI: 549300W908MAGNC9E420 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507356.10    | 3.16%             | 2028-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| PennantPark Investment Corporation                     | PNNT 4 11/01/26       | CUSIP: 708062AD6<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24370.07     | 0.15%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Saratoga Investment Corp.                              | SAR 4.35 02/28/27     | CUSIP: 80349AAF6<br>LEI: 54930023WJCWPAGSWE41 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62789.05     | 0.39%             | 2027-02-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS Float 04/30/28     | CUSIP: 38141GSM7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22062.05     | 0.14%             | 2028-04-30      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| BAHA TRUST 2024-MAR                                    | BAHA 2024-MAR D       | CUSIP: 05493XAJ9<br>LEI: XLEZHWWOI4HFQDGL4793 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $630075.12    | 3.92%             | 2041-12-10      | Floating      | 8.91%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS Float 07/31/30     | CUSIP: 61760QGR9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     53000 | PA      | $47965.00     | 0.30%             | 2030-07-31      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | TII 0 3/4 02/15/42    | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $800224.59    | 4.98%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ONITY LN INVT TR 2024-HB2                              | OLIT 2024-HB2 M3      | CUSIP: 68278DAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $489048.55    | 3.05%             | 2037-08-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BofA Finance LLC                                       | BAC Float 09/30/41    | CUSIP: 09709T6A4<br>LEI: 549300CGZYSEY3ZSIW16 | Long             | DBT              | CORP              | US        |     35000 | PA      | $22640.14     | 0.14%             | 2041-09-30      | Floating      | 2.08%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp.                      | OTFINC 6.1 03/15/28   | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503837.18    | 3.14%             | 2028-03-15      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS FLOAT 06/28/28     | CUSIP: 61760QCW2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12203.79     | 0.08%             | 2028-06-28      | Floating      | 1.13%                 | No            |                  2 | On Loan: No      |
| Natixis US Medium Term Note Program LLC                | KNFP Float 10/31/33   | CUSIP: 63873HME1<br>LEI: 549300MPTYP2BAQOK371 | Long             | DBT              | CORP              | US        |     30000 | PA      | $19374.60     | 0.12%             | 2033-10-31      | Floating      | 0.86%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc                          | JEF Float 01/31/38    | CUSIP: 47233JBG2<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     25000 | PA      | $20375.00     | 0.13%             | 2038-01-31      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                              | GS Float 11/27/28     | CUSIP: 38147QS23<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     71000 | PA      | $64212.05     | 0.40%             | 2028-11-27      | Floating      | 2.96%                 | No            |                  2 | On Loan: No      |
| NewtekOne Inc                                          | NEWT 8 3/8 04/01/30   | CUSIP: 652526AE4<br>LEI: 549300YLU78IA8GKJ688 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498504.55    | 3.10%             | 2030-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | CGCMT 2018-B2 XA      | CUSIP: 17327FBG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8061908 | PA      | $104108.25    | 0.65%             | 2051-03-10      | Floating      | 0.68%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Two Roads Shared Trust

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer