# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-23-070488
**Filing Date:** 2023-3
**Character Count:** 51967
**Document Hash:** 0122117fbbbb8cbc86f811b7a6df0b37
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070488.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-070488

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Roads Shared Trust
- **CENTRAL INDEX KEY:** 0001552947
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 23771770

**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:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### Regents Park Hedged Market Strategy ETF (Series ID: S000075684)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000234954 | Regents Park Hedged Market Strategy ETF |  |

## 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:** Regents Park Hedged Market Strategy ETF

- **b. EDGAR series identifier (if any):** S000075684

- **c. LEI of Series:** 549300P4QTJDWCFW4G06

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

- **a. Date of fiscal year-end:** 2023-01-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $137062488.21

**Total Liabilities:** $712336.85

**Net Assets:** $136350151.36

**Cash Not Reported:** $4456762.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1514.35502700 | **1-Year:** 3882.54622900 | **5-Year:** 368.05356500 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 45.15310500 | **1-Year:** 97.45469000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234954 | 1.51%                | -2.20%               | 0.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2146.48                 | $402218.79                                 |
| Month 2  | $4097.19                 | $194943.80                                 |
| Month 3  | $-123.35                 | $247705.88                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| General Motors Financial Company  Inc                 | GM 1.7 08/18/23          | CUSIP: 37045XCZ7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981909.07    | 0.72%             | 2023-08-18      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corporation                                    | ORCL 3 5/8 07/15/23      | CUSIP: 68389XAS4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497131.85    | 0.36%             | 2023-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                   | VICI 5 5/8 05/01/24      | CUSIP: 92564RAF2<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199776.04    | 0.15%             | 2024-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC               | VW 3 1/8 05/12/23        | CUSIP: 928668BD3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199010.68    | 0.15%             | 2023-05-12      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                    | TMUS 3 1/2 04/15/25      | CUSIP: 87264ABB0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485526.72    | 0.36%             | 2025-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corporation                     | RTX 3.7 12/15/23         | CUSIP: 75513ECF6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496133.40    | 0.36%             | 2023-12-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Southern Company Gas Capital Corporation              | SO 2.45 10/01/23         | CUSIP: 8426EPAA6<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982926.56    | 0.72%             | 2023-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                     | CCI 3.15 07/15/23        | CUSIP: 22822VAJ0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1488753.81   | 1.09%             | 2023-07-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                   | FITB 3.65 01/25/24       | CUSIP: 316773CX6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    850000 | PA      | $839758.12    | 0.62%             | 2024-01-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Leidos Inc                                            | LDOS 2.95 05/15/23       | CUSIP: 52532XAB1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    338000 | PA      | $335904.04    | 0.25%             | 2023-05-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                 | SOCGEN 4 1/4 04/14/25    | CUSIP: 83367TBJ7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    950000 | PA      | $920419.19    | 0.68%             | 2025-04-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Northrop Grumman Corporation                          | NOC 3 1/4 08/01/23       | CUSIP: 666807BG6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1489879.14   | 1.09%             | 2023-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                            | LIBMUT 4 1/4 06/15/23    | CUSIP: 53079EBE3<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    338000 | PA      | $336711.31    | 0.25%             | 2023-06-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Group Funding (Guernsey) Limited        | CS 3.8 06/09/23          | CUSIP: 225433AT8<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | GG        |   1000000 | PA      | $988836.63    | 0.73%             | 2023-06-09      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | SPX US 03/17/23 C4000    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        75 | NC      | $1148625.00   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Phillips 66                                           | PSX 0.9 02/15/24         | CUSIP: 718546AY0<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958738.29    | 0.70%             | 2024-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation               | BK 3.65 02/04/24         | CUSIP: 06406HCS6<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493371.53    | 0.36%             | 2024-02-04      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Inc                                       | S 7 7/8 09/15/23         | CUSIP: 85207UAF2<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    383000 | PA      | $389134.51    | 0.29%             | 2023-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Korea Gas Corp.                                       | KORGAS 3 7/8 02/12/24    | CUSIP: 50066AAG8<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | CORP              | KR        |   1000000 | PA      | $990018.79    | 0.73%             | 2024-02-12      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                            | KMB 2.4 06/01/23         | CUSIP: 494368BJ1<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496286.21    | 0.36%             | 2023-06-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                            | RABOBK 4 5/8 12/01/23    | CUSIP: 21684AAA4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $99832.38     | 0.07%             | 2023-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                    | CM 3.85 02/16/24         | CUSIP: 13607XB71<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $493075.46    | 0.36%             | 2024-02-16      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Air Liquide Finance                                   | AIFP 2 1/4 09/27/23      | CUSIP: 00913RAC0<br>LEI: 549300YGXL5Z3R14K812 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $196258.50    | 0.14%             | 2023-09-27      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Cigna Corporation                                     | CI 3 3/4 07/15/23        | CUSIP: 125523AF7<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198919.93    | 0.15%             | 2023-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                        | MS 0.529 01/25/24        | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499677.65    | 0.37%             | 2024-01-25      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                        | BRITEL 4 1/2 12/04/23    | CUSIP: 111021AM3<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    980000 | PA      | $973599.64    | 0.71%             | 2023-12-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                         | F 3.37 11/17/23          | CUSIP: 345397A78<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393101.21    | 0.29%             | 2023-11-17      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Nestle Holdings, Inc.                                 | NESNVX 3.35 09/24/23     | CUSIP: 641062AD6<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990236.36    | 0.73%             | 2023-09-24      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| International Business Machines Corporation           | IBM 3 5/8 02/12/24       | CUSIP: 459200HU8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592112.03    | 0.43%             | 2024-02-12      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | SPX US 04/21/23 C4100    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        50 | NC      | $646500.00    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                         | F 3.81 01/09/24          | CUSIP: 345397YG2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    525000 | PA      | $515295.38    | 0.38%             | 2024-01-09      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corporation                              | ARCC 3 1/2 02/10/23      | CUSIP: 04010LAU7<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    158000 | PA      | $157924.76    | 0.12%             | 2023-02-10      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ball Corporation                                      | BLL 4 11/15/23           | CUSIP: 058498AS5<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394858.00    | 0.29%             | 2023-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                  | MUFG 3.761 07/26/23      | CUSIP: 606822BA1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    515000 | PA      | $512059.48    | 0.38%             | 2023-07-26      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Cigna Corporation                                     | CI 0.613 03/15/24        | CUSIP: 125523CN8<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    434000 | PA      | $413739.90    | 0.30%             | 2024-03-15      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                       | NDASS 3 3/4 08/30/23     | CUSIP: 65557CAY9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    500000 | PA      | $496257.10    | 0.36%             | 2023-08-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| American Express Company                              | AXP 3.4 02/22/24         | CUSIP: 025816CC1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1476749.51   | 1.08%             | 2024-02-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                           | ABBV 3 3/4 11/14/23      | CUSIP: 00287YBC2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198339.23    | 0.15%             | 2023-11-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Aercap Ireland Capital DAC                            | AER 4 7/8 01/16/24       | CUSIP: 00774MAK1<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $497251.44    | 0.36%             | 2024-01-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                             | TD 0.45 09/11/23         | CUSIP: 89114QCJ5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    131000 | PA      | $127606.49    | 0.09%             | 2023-09-11      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation         | DELL 5.45 06/15/23       | CUSIP: 25272KAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500626.82    | 0.37%             | 2023-06-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline L.P./PAA Finance Corp.   | PAA 3.85 10/15/23        | CUSIP: 72650RBD3<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990112.96    | 0.73%             | 2023-10-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings Inc.                | C 2.85 06/27/23          | CUSIP: 17330FS77<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494253.64    | 0.36%             | 2023-06-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Danone SA                                             | BNFP 2.589 11/02/23      | CUSIP: 23636TAD2<br>LEI: 969500KMUQ2B6CBAF162 | Long             | DBT              | CORP              | FR        |    950000 | PA      | $931884.32    | 0.68%             | 2023-11-02      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| Marathon Oil Corporation                              | MRO 8 1/8 07/15/23       | CUSIP: 902905AQ1<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012668.75   | 0.74%             | 2023-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                              | EDF 3 5/8 10/13/25       | CUSIP: 268317AS3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $340746.68    | 0.25%             | 2025-10-13      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Laboratory Corp of America Holdings                   | LH 3 1/4 09/01/24        | CUSIP: 50540RAT9<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487250.69    | 0.36%             | 2024-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ENEL Finance International N.V.                       | ENELIM 2.65 09/10/24     | CUSIP: 29278GAL2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $672573.08    | 0.49%             | 2024-09-10      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| KeyBank National Association                          | KEY 0.423 01/03/24       | CUSIP: 49327M3A0<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998539.04    | 0.73%             | 2024-01-03      | Fixed         | 0.42%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services Inc.               | HOG 3.35 02/15/23        | CUSIP: 41283LAS4<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    540000 | PA      | $539680.40    | 0.40%             | 2023-02-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial Inc.                                   | ALLY 1.45 10/02/23       | CUSIP: 02005NBL3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488014.48    | 0.36%             | 2023-10-02      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Pacific Life Insurance Co.                            | PACLIF 7.9 12/30/23      | CUSIP: 694606AA2<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509123.43    | 0.37%             | 2023-12-30      | Fixed         | 7.90%                 | Yes           |                  2 | On Loan: No      |
| Cargill Inc.                                          | CARGIL 0.4 02/02/24      | CUSIP: 141781BP8<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143392.69    | 0.11%             | 2024-02-02      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corporation                                    | ORCL 2.4 09/15/23        | CUSIP: 68389XBL8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491809.53    | 0.36%             | 2023-09-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| PNC Bank National Association Pittsburgh Pennsylvania | PNC 3.8 07/25/23         | CUSIP: 69349LAM0<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995243.35    | 0.73%             | 2023-07-25      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM 3.559 04/23/24       | CUSIP: 46647PAP1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747228.46    | 0.55%             | 2024-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                         | MLM 0.65 07/15/23        | CUSIP: 573284AY2<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979748.09    | 0.72%             | 2023-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                        | MS 0.56 11/10/23         | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199953.58    | 0.15%             | 2023-11-10      | Fixed         | 0.56%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corporation                     | COF 1.343 12/06/24       | CUSIP: 14040HCK9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    750000 | PA      | $724534.08    | 0.53%             | 2024-12-06      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company                                 | WFC 1.654 06/02/24       | CUSIP: 95000U2R3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    470000 | PA      | $464472.68    | 0.34%             | 2024-06-02      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                            | LLL 3.95 05/28/24        | CUSIP: 502413BD8<br>LEI: 1Z5XNJ6GMBVHFWE2W878 | Long             | DBT              | CORP              | US        |    796000 | PA      | $785510.97    | 0.58%             | 2024-05-28      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | T 2 1/4 03/31/24         | CUSIP: 91282CEG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $972421.88    | 0.71%             | 2024-03-31      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                          | MDLZ 2 1/8 03/17/24      | CUSIP: 609207AZ8<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242797.24    | 0.18%             | 2024-03-17      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Company                         | BDX 3.734 12/15/24       | CUSIP: 075887BF5<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589236.14    | 0.43%             | 2024-12-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                             | TD 2.65 06/12/24         | CUSIP: 89114QCA4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    420000 | PA      | $408789.10    | 0.30%             | 2024-06-12      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                   | FITB 4.3 01/16/24        | CUSIP: 316773CP3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99429.93     | 0.07%             | 2024-01-16      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                          | MAR 4.15 12/01/23        | CUSIP: 571903BA0<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496232.23    | 0.36%             | 2023-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | T 2 1/2 04/30/24         | CUSIP: 91282CEK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $486982.42    | 0.36%             | 2024-04-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Company                    | HPE 4.45 10/02/23        | CUSIP: 42824CBG3<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996269.64    | 0.73%             | 2023-10-02      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                          | TMO 0.797 10/18/23       | CUSIP: 883556CP5<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    595000 | PA      | $578207.23    | 0.42%             | 2023-10-18      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Discover Bank                                         | DFS 4.2 08/08/23         | CUSIP: 25466AAD3<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996352.77    | 0.73%             | 2023-08-08      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                            | ACGCAP 3 7/8 05/01/23    | CUSIP: 05369AAC5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    759000 | PA      | $754483.34    | 0.55%             | 2023-05-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Svenska Handelsbanken AB (publ)                       | SHBASS 3.9 11/20/23      | CUSIP: 86960BAX0<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   1000000 | PA      | $991663.47    | 0.73%             | 2023-11-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Walgreens Boots Alliance, Inc.                        | WBA 0.95 11/17/23        | CUSIP: 931427AU2<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484858.09    | 0.36%             | 2023-11-17      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Office Properties Income Trust                        | OPI 4 1/4 05/15/24       | CUSIP: 81618TAE0<br>LEI: 529900WFAP4ROYDYS509 | Long             | DBT              | CORP              | US        |    375000 | PA      | $363940.38    | 0.27%             | 2024-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                            | AMT 0.6 01/15/24         | CUSIP: 03027XBH2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958982.10    | 0.70%             | 2024-01-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC               | VW 4 1/4 11/13/23        | CUSIP: 928668AR3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991881.91    | 0.73%             | 2023-11-13      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                         | FORD MOTOR CREDIT CO LLC | CUSIP: 345397XZ1<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495641.29    | 0.36%             | 2023-05-04      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                    | BFCM 3 3/4 07/20/23      | CUSIP: 06675GAR6<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1093737.40   | 0.80%             | 2023-07-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE (FLOOR)                   | S&P500 EMINI FUT  Mar23  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       100 | NC      | $398000.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Laboratory Corp of America Holdings                   | LH 4 11/01/23            | CUSIP: 50540RAN2<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496069.43    | 0.36%             | 2023-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                      | AEP 0 3/4 11/01/23       | CUSIP: 025537AQ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    560000 | PA      | $542418.79    | 0.40%             | 2023-11-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                               | BPCEGP 5.7 10/22/23      | CUSIP: 05578QAA1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    663000 | PA      | $662737.00    | 0.49%             | 2023-10-22      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Diageo Capital PLC                                    | DGELN 3 1/2 09/18/23     | CUSIP: 25243YAY5<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    267000 | PA      | $264579.21    | 0.19%             | 2023-09-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                      | BMO 0.3 12/29/23         | CUSIP: 06368EC59<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    404000 | PA      | $385778.95    | 0.28%             | 2023-12-29      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | SPX US 04/21/23 P3900    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        50 | NC      | $347750.00    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                    | CAG 0 1/2 08/11/23       | CUSIP: 205887CG5<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1381725.19   | 1.01%             | 2023-08-11      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                            | RABOBK 3 7/8 09/26/23    | CUSIP: 74977RDE1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $496598.36    | 0.36%             | 2023-09-26      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Fortune Brands Innovations Inc                        | FBHS 4 09/21/23          | CUSIP: 34964CAC0<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |    700000 | PA      | $695588.78    | 0.51%             | 2023-09-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                       | CVS 4 12/05/23           | CUSIP: 126650CC2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496317.71    | 0.36%             | 2023-12-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Daimler Finance North America LLC                     | MBGGR 3.65 02/22/24      | CUSIP: 233851DS0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493181.45    | 0.36%             | 2024-02-22      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| American International Group, Inc.                    | AIG 4 1/8 02/15/24       | CUSIP: 026874CY1<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496902.60    | 0.36%             | 2024-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                               | BPCEGP 4 1/2 03/15/25    | CUSIP: 05578QAD5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $681601.91    | 0.50%             | 2025-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Walt Disney Company                                   | DIS 7 3/4 01/20/24       | CUSIP: 254687CT1<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1026813.51   | 0.75%             | 2024-01-20      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                    | BA 4.508 05/01/23        | CUSIP: 097023CS2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    950000 | PA      | $948555.51    | 0.70%             | 2023-05-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                             | BKIR 4 1/2 11/25/23      | CUSIP: 06279JAA7<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    829000 | PA      | $821422.94    | 0.60%             | 2023-11-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial Inc.                                   | ALLY 3.05 06/05/23       | CUSIP: 02005NBK5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992848.97    | 0.73%             | 2023-06-05      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                               | ENIIM 4 09/12/23         | CUSIP: 26874RAG3<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    480000 | PA      | $476656.57    | 0.35%             | 2023-09-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Penske Truck Leasing Co., L.P.                        | PENSKE 4 1/8 08/01/23    | CUSIP: 709599BC7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1109132.74   | 0.81%             | 2023-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bills                          | B 02/02/23               | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49250000 | PA      | $49244536.70  | 36.12%            | 2023-02-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Stellantis N.V                                        | FCAIM 5 1/4 04/15/23     | CUSIP: 31562QAF4<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |    900000 | PA      | $900778.50    | 0.66%             | 2023-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                            | BAX 0.868 12/01/23       | CUSIP: 071813CE7<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290052.28    | 0.21%             | 2023-12-01      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| VMware Inc                                            | VMW 0.6 08/15/23         | CUSIP: 928563AG0<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1270613.59   | 0.93%             | 2023-08-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                            | AMT 3 06/15/23           | CUSIP: 03027XAQ3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    382000 | PA      | $379052.17    | 0.28%             | 2023-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                       | DANBNK 3 7/8 09/12/23    | CUSIP: 23636AAP6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1000000 | PA      | $990492.34    | 0.73%             | 2023-09-12      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                                      | BMO 3.3 02/05/24         | CUSIP: 06367WHH9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $492064.71    | 0.36%             | 2024-02-05      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                     | NWG 3 7/8 09/12/23       | CUSIP: 780097BD2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1013000 | PA      | $1004341.42   | 0.74%             | 2023-09-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Finance North America LLC              | DTRGR 1 1/8 12/14/23     | CUSIP: 233853AB6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241691.93    | 0.18%             | 2023-12-14      | Fixed         | 1.12%                 | Yes           |                  2 | On Loan: No      |
| ING Bank N.V.                                         | INTNED 5.8 09/25/23      | CUSIP: 449786AY8<br>LEI: 3TK20IVIUJ8J3ZU0QE75 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1000357.19   | 0.73%             | 2023-09-25      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole S.A.                                  | ACAFP 4 3/8 03/17/25     | CUSIP: 225313AF2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1168000 | PA      | $1143558.43   | 0.84%             | 2025-03-17      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                 | GILD 2 1/2 09/01/23      | CUSIP: 375558BL6<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    529000 | PA      | $521509.82    | 0.38%             | 2023-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | GS 1.217 12/06/23        | CUSIP: 38141GZE7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484656.07    | 0.36%             | 2023-12-06      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Electric Company                         | FE 4.15 04/15/25         | CUSIP: 708696BX6<br>LEI: O1PLQWO3TX952VMBJ146 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481629.71    | 0.35%             | 2025-04-15      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Fiserv Inc.                                           | FISV 3.8 10/01/23        | CUSIP: 337738AQ1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297622.69    | 0.22%             | 2023-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                     | CCI 3.2 09/01/24         | CUSIP: 22822VAG6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    750000 | PA      | $729869.92    | 0.54%             | 2024-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Smbc Aviation Capital Finance                         | SMBCAC 4 1/8 07/15/23    | CUSIP: 78448TAD4<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    279000 | PA      | $277169.51    | 0.20%             | 2023-07-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | SPX US 03/17/23 P3800    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        75 | NC      | $214875.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                               | BAYNGR 3 7/8 12/15/23    | CUSIP: 07274NAE3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    355000 | PA      | $350837.68    | 0.26%             | 2023-12-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                 | GM 4.15 06/19/23         | CUSIP: 37045XCL8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747789.77    | 0.55%             | 2023-06-19      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                       | XEL 0 1/2 10/15/23       | CUSIP: 98389BAZ3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    464000 | PA      | $450421.66    | 0.33%             | 2023-10-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated          | PEG 0.841 11/08/23       | CUSIP: 744573AT3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1257823.70   | 0.92%             | 2023-11-08      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                        | BNP 4 3/8 09/28/25       | CUSIP: 05581KAA9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $244972.38    | 0.18%             | 2025-09-28      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                            | LHX 3.85 06/15/23        | CUSIP: 502431AJ8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995664.59    | 0.73%             | 2023-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom International Finance B.V.           | DT 2.485 09/19/23        | CUSIP: 25156PAV5<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   1672000 | PA      | $1646527.40   | 1.21%             | 2023-09-19      | Fixed         | 2.48%                 | Yes           |                  2 | On Loan: No      |
| Citibank, N.A.                                        | C 3.65 01/23/24          | CUSIP: 17325FAS7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494820.27    | 0.36%             | 2024-01-23      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                    | ETP 4.2 09/15/23         | CUSIP: 29278NAC7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    950000 | PA      | $942888.90    | 0.69%             | 2023-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                        | SCHW 3.55 02/01/24       | CUSIP: 808513AY1<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493171.77    | 0.36%             | 2024-02-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company                                 | WFC 4 1/8 08/15/23       | CUSIP: 94974BFN5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995967.06    | 0.73%             | 2023-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer