# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-010095
**Filing Date:** 2026-6
**Character Count:** 15104
**Document Hash:** 31b4caf4e392bbebdcf241c4ce87525a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-010095.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000910472-26-010095

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**PERIOD START**: 20260731

**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:** 261132234

**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

### Liberty One Defensive Dividend Growth ETF (Series ID: S000095368)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000264087 | Liberty One Defensive Dividend Growth ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **LIBERTY ONE DEFENSIVE DIVIDEND GROWTH ETF** | **LIBERTY ONE DEFENSIVE DIVIDEND GROWTH ETF** | **LIBERTY ONE DEFENSIVE DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3%** |  |
|  | **AEROSPACE & DEFENSE - 3.7%** |  |
| 3179 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; $1842167 |
|  | **BEVERAGES - 4.5%** |  |
| 28609 | Coca-Cola Company (The) | &nbsp;&nbsp;&nbsp; 2253245 |
|  | **BIOTECH & PHARMA - 9.7%** |  |
| 2616 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 2444914 |
| 10474 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 2407449 |
|  |  | &nbsp;&nbsp; 4852363 |
|  | **COMMERCIAL SUPPORT SERVICES - 13.6%** |  |
| 76491 | Rentokil Initial PLC - ADR | &nbsp;&nbsp;&nbsp; 2590751 |
| 8228 | Republic Services, Inc. | &nbsp;&nbsp;&nbsp; 1721462 |
| 10846 | Waste Management, Inc. | &nbsp;&nbsp;&nbsp; 2522237 |
|  |  | &nbsp;&nbsp; 6834450 |
|  | **ELECTRIC UTILITIES - 12.0%** |  |
| 28249 | Alliant Energy Corporation | &nbsp;&nbsp;&nbsp; 2074323 |
| 15334 | Duke Energy Corporation | &nbsp;&nbsp;&nbsp; 1986520 |
| 20198 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 1953147 |
|  |  | &nbsp;&nbsp; 6013990 |
|  | **FOOD - 3.7%** |  |
| 30101 | Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp; 1849405 |
|  | **GAS & WATER UTILITIES - 2.6%** |  |
| 10112 | American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp; 1298583 |
|  | **HEALTH CARE FACILITIES & SERVICES - 14.1%** |  |
| 12344 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 2380911 |
| 2618 | McKesson Corporation | &nbsp;&nbsp;&nbsp; 2134194 |
| 6919 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 2563350 |
|  |  | &nbsp;&nbsp; 7078455 |
|  | **HOUSEHOLD PRODUCTS - 3.6%** |  |
| 12340 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 1815091 |

---

---

| | | |
|:---|:---|:---|
| **LIBERTY ONE DEFENSIVE DIVIDEND GROWTH ETF** | **LIBERTY ONE DEFENSIVE DIVIDEND GROWTH ETF** | **LIBERTY ONE DEFENSIVE DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **INFRASTRUCTURE REIT - 3.5%** |  |
| 9534 | American Tower Corporation, Class A | &nbsp;&nbsp;&nbsp; $1741957 |
|  | **INSURANCE - 4.5%** |  |
| 6919 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 2262513 |
|  | **LEISURE FACILITIES & SERVICES - 3.6%** |  |
| 6171 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; 1811744 |
|  | **RETAIL - CONSUMER STAPLES - 9.4%** |  |
| 3366 | Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp; 2767357 |
| 28430 | Kroger Company (The) | &nbsp;&nbsp;&nbsp; 1935230 |
|  |  | &nbsp;&nbsp; 4702587 |
|  | **SOFTWARE - 3.7%** |  |
| 4488 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 1830117 |
|  | **TECHNOLOGY HARDWARE - 3.6%** |  |
| 4112 | Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp; 1805291 |
|  | **TELECOMMUNICATIONS - 3.5%** |  |
| 67111 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 1753610 |
|  | **TOTAL COMMON STOCKS (Cost $47,786,894)** | &nbsp;&nbsp; 49745568 |
|  | **SHORT-TERM INVESTMENTS — 0.7%** |  |
|  | **MONEY MARKET FUNDS - 0.7%** |  |
| 374355 | First American Treasury Obligations Fund, Class X, 3.58% (Cost $374,355)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 374355 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $48,161,249)** | &nbsp;&nbsp;&nbsp; $50119923 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0%** | &nbsp;&nbsp; (20323) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $50099600 |

---

ADR -American Depositary Receipt <br> Ltd. -Limited Company <br> PLC -Public Limited Company

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of April 30, 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:** Liberty One Defensive Dividend Growth ETF

- **b. EDGAR series identifier (if any):** S000095368

- **c. LEI of Series:** 529900FSPGTDD0B9KB95

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $50280734.03

**Total Liabilities:** $181133.78

**Net Assets:** $50099600.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264087 | 7.35%                | -5.45%               | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $2716133.20                                |
| Month 2  | $0.00                    | $-2315839.13                               |
| Month 3  | $-388887.56              | $722215.54                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MCKESSON CORP                    | MCKESSON CORP    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      2618 | NS      | $2134193.60   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS COMPANY INC | AMERICAN WATER W | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     10112 | NS      | $1298583.04   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RENTOKIL INITIAL PLC             | RENTOKIL-SP ADR  | CUSIP: 760125104<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |     76491 | NS      | $2590750.17   | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH INC              | CARDINAL HEALTH  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     12344 | NS      | $2380910.72   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COMPANY (THE)           | SOUTHERN CO      | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     20198 | NS      | $1953146.60   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA COMPANY (THE)          | COCA-COLA CO/THE | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     28609 | NS      | $2253244.84   | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FUNDS INC         | FIRST AM-TR OB-X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    374355 | PA      | $374355.06    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                   | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4488 | NS      | $1830116.64   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC             | WASTE MANAGEMENT | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     10846 | NS      | $2522237.30   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER COMPANY (THE)             | KROGER CO        | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     28430 | NS      | $1935230.10   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                 | DUKE ENERGY CORP | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     15334 | NS      | $1986519.70   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE COMPANY (THE)   | PROCTER & GAMBLE | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     12340 | NS      | $1815090.60   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC       | MONDELEZ INTER-A | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     30101 | NS      | $1849405.44   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP              | AMERICAN TOWER C | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      9534 | NS      | $1741957.14   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                         | AT&T INC         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     67111 | NS      | $1753610.43   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS INC           | MOTOROLA SOLUTIO | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      4112 | NS      | $1805291.36   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD (SWITZERLAND)          | CHUBB LTD        | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      6919 | NS      | $2262513.00   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                | JOHNSON&JOHNSON  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     10474 | NS      | $2407448.90   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP            | NORTHROP GRUMMAN | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3179 | NS      | $1842166.92   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP              | ALLIANT ENERGY   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     28249 | NS      | $2074324.07   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORP                  | MCDONALDS CORP   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      6171 | NS      | $1811743.89   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC            | REPUBLIC SVCS    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      8228 | NS      | $1721462.16   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES INC       | CASEY'S GENERAL  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      3366 | NS      | $2767356.90   | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC           | UNITEDHEALTH GRP | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      6919 | NS      | $2563351.12   | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & COMPANY              | ELI LILLY & CO   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2616 | NS      | $2444913.60   | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer