# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-004359
**Filing Date:** 2026-3
**Character Count:** 16266
**Document Hash:** 53076543acce9c4425d85a2748386d9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004359.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000910472-26-004359

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**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:** 26808834

**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

### Recurrent MLP & Infrastructure Fund (Series ID: S000059371)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000194765 | Recurrent MLP & Infrastructure Fund Class I | RMLPX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **RECURRENT MLP & INFRASTRUCTURE FUND** | **RECURRENT MLP & INFRASTRUCTURE FUND** | **RECURRENT MLP & INFRASTRUCTURE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 77.5%** |  |
|  | **CHEMICALS - 1.1%** |  |
| 110538 | Dow, Inc. | &nbsp;&nbsp;&nbsp; $3045322 |
| 38000 | Eastman Chemical Company | &nbsp;&nbsp;&nbsp; 2634160 |
| 235000 | Huntsman Corporation | &nbsp;&nbsp;&nbsp; 2542700 |
| 56962 | LyondellBasell Industries N.V., Class A | &nbsp;&nbsp;&nbsp; 2791138 |
| 36173 | Westlake Corporation | &nbsp;&nbsp;&nbsp; 2869242 |
|  |  | &nbsp;&nbsp; 13882562 |
|  | **OIL & GAS PRODUCERS - 76.4%** |  |
| 709098 | AltaGas Ltd. | &nbsp;&nbsp;&nbsp; 21388083 |
| 5528736 | Cenovus Energy, Inc. | &nbsp;&nbsp;&nbsp; 109026673 |
| 242990 | Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp; 51397245 |
| 324000 | DT Midstream, Inc. | &nbsp;&nbsp;&nbsp; 40830480 |
| 429734 | Enbridge, Inc. | &nbsp;&nbsp;&nbsp; 20988209 |
| 1877737 | Keyera Corporation | &nbsp;&nbsp;&nbsp; 63587357 |
| 1391065 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 42413572 |
| 250559 | Marathon Petroleum Corporation | &nbsp;&nbsp;&nbsp; 44145990 |
| 107759 | Murphy USA, Inc. | &nbsp;&nbsp;&nbsp; 45529255 |
| 1081573 | ONEOK, Inc. | &nbsp;&nbsp;&nbsp; 85649766 |
| 1132194 | PBF Energy, Inc., Class A | &nbsp;&nbsp;&nbsp; 37883211 |
| 1379965 | Pembina Pipeline Corporation | &nbsp;&nbsp;&nbsp; 57378945 |
| 404894 | Phillips 66 | &nbsp;&nbsp;&nbsp; 58126583 |
| 1274397 | South Bow Corporation | &nbsp;&nbsp;&nbsp; 36192875 |
| 1540287 | Suncor Energy, Inc. | &nbsp;&nbsp;&nbsp; 81589002 |
| 496284 | Targa Resources Corporation | &nbsp;&nbsp;&nbsp; 99743158 |
| 877722 | Viper Energy, Inc., Class A | &nbsp;&nbsp;&nbsp; 37162749 |
| 717575 | Williams Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 48264095 |
|  |  | &nbsp;&nbsp; 981297248 |
|  | **TOTAL COMMON STOCKS (Cost $684,600,649)** | &nbsp;&nbsp; 995179810 |
|  | **MASTER LIMITED PARTNERSHIPS — 21.8%** |  |
|  | **OIL & GAS PRODUCERS - 21.8%** |  |
| 4914369 | Energy Transfer, L.P. | &nbsp;&nbsp;&nbsp; 90670108 |
| 1571904 | Enterprise Products Partners, L.P. | &nbsp;&nbsp;&nbsp; 52171494 |

---

---

| | | |
|:---|:---|:---|
| **RECURRENT MLP & INFRASTRUCTURE FUND** | **RECURRENT MLP & INFRASTRUCTURE FUND** | **RECURRENT MLP & INFRASTRUCTURE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **MASTER LIMITED PARTNERSHIPS — 21.8% (Continued)** |  |
|  | **OIL & GAS PRODUCERS - 21.8% (Continued)** |  |
| 2294277 | Plains GP Holdings, L.P., Class A | &nbsp;&nbsp;&nbsp; $46986793 |
| 639132 | Sunoco, L.P. | &nbsp;&nbsp;&nbsp; 36801221 |
| 1266420 | Western Midstream Partners, L.P. | &nbsp;&nbsp;&nbsp; 52505773 |
|  |  | &nbsp;&nbsp; 279135389 |
|  | **TOTAL MASTER LIMITED PARTNERSHIPS (Cost $195,115,015)** | &nbsp;&nbsp; 279135389 |
|  | **SHORT-TERM INVESTMENTS — 0.6%** |  |
|  | **MONEY MARKET FUNDS - 0.6%** |  |
| 7538469 | First American Government Obligations Fund, Class X, 3.61% (Cost $7,538,469)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7538469 |
|  | **TOTAL INVESTMENTS - 99.9% (Cost $887,254,133)** | &nbsp;&nbsp;&nbsp; $1281853668 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.1%** | &nbsp;&nbsp; 1287162 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $1283140830 |

---

---

| | |
|:---|:---|
| LP | - Limited Partnership |
| Ltd. | - Limited Company |
| NV | - Naamioze Vennootschap |

---

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of January 31, 2026.

## 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:** Recurrent MLP & Energy Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000059371

- **c. LEI of Series:** 5493004TRGCEC6T80E91

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1284344537.83

**Total Liabilities:** $1203707.41

**Net Assets:** $1283140830.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194765 | 5.74%                | -2.03%               | 9.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15540106.37             | $46245220.30                               |
| Month 2  | $93648.58                | $-27141279.07                              |
| Month 3  | $0.00                    | $111883583.45                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cenovus Energy Inc                | CENOVUS ENERGY   | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |   5528736 | NS      | $109026673.92 | 8.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc               | CHENIERE ENERGY  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    242990 | NS      | $51397244.80  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                  | DT MIDSTREAM     | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    324000 | NS      | $40830480.00  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                           | DOW INC          | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    110538 | NS      | $3045321.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Company          | EASTMAN CHEMICAL | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     38000 | NS      | $2634160.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                     | ENBRIDGE INC     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    429734 | NS      | $20988208.56  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                | ENERGY TRANSFER  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   4914369 | NS      | $90670108.05  | 7.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P. | ENTERPRISE PRODU | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   1571904 | NS      | $52171493.76  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.         | FRST AM-GV OB-X  | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   7538469 | PA      | $7538468.75   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corporation              | HUNTSMAN CORP    | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    235000 | NS      | $2542700.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.               | KINDER MORGAN IN | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1391065 | NS      | $42413571.85  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.          | MARATHON PETROLE | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    250559 | NS      | $44145990.21  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                   | MURPHY USA INC   | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |    107759 | NS      | $45529255.09  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                 | VIPER ENERGY I-A | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    877722 | NS      | $37162749.48  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                        | ONEOK INC        | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |   1081573 | NS      | $85649765.87  | 6.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                    | PBF ENERGY INC-A | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |   1132194 | NS      | $37883211.24  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corporation      | PEMBINA PIPELINE | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |   1379965 | NS      | $57378944.70  | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                       | PHILLIPS 66      | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    404894 | NS      | $58126582.64  | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP             | PLAINS GP HOLD-A | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |   2294277 | NS      | $46986792.96  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp.                   | SOUTH BOW CORP   | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |   1274397 | NS      | $36192874.80  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                | SUNCOR ENERGY    | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |   1540287 | NS      | $81589002.39  | 6.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunoco LP                         | SUNOCO LP        | CUSIP: 86765K109<br>LEI: 54930001NJU8E40NQ561 | Long             | EC               | CORP              | US        |    639132 | NS      | $36801220.56  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.             | TARGA RESOURCES  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    496284 | NS      | $99743158.32  | 7.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP     | WESTERN MIDSTREA | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1266420 | NS      | $52505773.20  | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corporation              | WESTLAKE CORP    | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     36173 | NS      | $2869242.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)     | WILLIAMS COS INC | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    717575 | NS      | $48264094.50  | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp.                      | KEYERA CORP      | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |   1877737 | NS      | $63587357.12  | 4.96%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Altagas Ltd                       | ALTAGAS LTD      | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |    709098 | NS      | $21388082.56  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV      | LYONDELLBASELL-A | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     56962 | NS      | $2791138.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer