# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-162712
**Filing Date:** 2025-6
**Character Count:** 73548
**Document Hash:** ef6631335ba1fb8e47339023e1ed2373
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162712.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20250731

**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:** 251089691

**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

### Hypatia Women CEO ETF (Series ID: S000079305)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000240297 | Hypatia Women CEO ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2%** |  |
|  | **AEROSPACE & DEFENSE - 1.7%** |  |
| 83 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; $22586 |
| 261 | National Presto Industries, Inc. | &nbsp;&nbsp;&nbsp; 22015 |
| 47 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; 22866 |
|  |  | &nbsp;&nbsp; 67467 |
|  | **APPAREL & TEXTILE PRODUCTS - 1.8%** |  |
| 4320 | Figs, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17410 |
| 1105 | Levi Strauss & Company, Class A | &nbsp;&nbsp;&nbsp; 17691 |
| 260 | Tapestry, Inc. | &nbsp;&nbsp;&nbsp; 18369 |
| 2998 | Torrid Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19037 |
|  |  | &nbsp;&nbsp; 72507 |
|  | **ASSET MANAGEMENT - 1.5%** |  |
| 1124 | Acadian Asset Management, Inc. | &nbsp;&nbsp;&nbsp; 30281 |
| 1618 | Franklin Resources, Inc. | &nbsp;&nbsp;&nbsp; 30353 |
|  |  | &nbsp;&nbsp; 60634 |
|  | **AUTOMOTIVE - 0.5%** |  |
| 439 | General Motors Company | &nbsp;&nbsp;&nbsp; 19860 |
|  | **BANKING - 3.7%** |  |
| 1685 | Alerus Financial Corporation | &nbsp;&nbsp;&nbsp; 33498 |
| 1059 | Amalgamated Financial Corporation | &nbsp;&nbsp;&nbsp; 29821 |
| 448 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 30634 |
| 1405 | Eagle Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 25220 |
| 1278 | Hanmi Financial Corporation | &nbsp;&nbsp;&nbsp; 29228 |
|  |  | &nbsp;&nbsp; 148401 |
|  | **BIOTECH & PHARMA - 4.5%** |  |
| 497 | ACADIA Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7256 |
| 30 | Alnylam Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7897 |
| 2247 | Arbutus Biopharma Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7977 |
| 238 | Avidity Biosciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7771 |
| 470 | Bicara Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6754 |
| 334 | Blueprint Medicines Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29893 |
| 554 | Capricor Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7036 |
| 125 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7678 |
| 4951 | Humacyte, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7179 |

---

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2% (Continued)** |  |
|  | **BIOTECH & PHARMA - 4.5% (Continued)** |  |
| 193 | Twist Bioscience Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $7396 |
| 25 | United Therapeutics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7577 |
| 2814 | UroGen Pharma Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 32754 |
| 15 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7643 |
| 1219 | Vir Biotechnology, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7460 |
| 190 | Zoetis, Inc. | &nbsp;&nbsp;&nbsp; 29716 |
|  |  | &nbsp;&nbsp; 181987 |
|  | **CABLE & SATELLITE - 1.5%** |  |
| 113 | Cable One, Inc. | &nbsp;&nbsp;&nbsp; 30202 |
| 1377 | Sirius XM Holdings, Inc. | &nbsp;&nbsp;&nbsp; 29495 |
|  |  | &nbsp;&nbsp; 59697 |
|  | **CHEMICALS - 3.7%** |  |
| 1157 | AdvanSix, Inc. | &nbsp;&nbsp;&nbsp; 24783 |
| 2025 | Chemours Company (The) | &nbsp;&nbsp;&nbsp; 25070 |
| 379 | DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp; 25010 |
| 442 | HB Fuller Company | &nbsp;&nbsp;&nbsp; 23886 |
| 73 | Sherwin-Williams Company (The) | &nbsp;&nbsp;&nbsp; 25762 |
| 700 | Valvoline, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 23982 |
|  |  | &nbsp;&nbsp; 148493 |
|  | **COMMERCIAL SUPPORT SERVICES - 2.0%** |  |
| 1579 | AMN Healthcare Services, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 32258 |
| 829 | Radius Recycling, Inc., Class A | &nbsp;&nbsp;&nbsp; 24315 |
| 387 | UL Solutions, Inc., Class A | &nbsp;&nbsp;&nbsp; 22133 |
|  |  | &nbsp;&nbsp; 78706 |
|  | **CONSTRUCTION MATERIALS - 0.5%** |  |
| 1298 | MDU Resources Group, Inc. | &nbsp;&nbsp;&nbsp; 22248 |
|  | **DATA CENTER REIT - 0.8%** |  |
| 38 | Equinix, Inc. | &nbsp;&nbsp;&nbsp; 32709 |
|  | **ELECTRIC UTILITIES - 4.0%** |  |
| 353 | ALLETE, Inc. | &nbsp;&nbsp;&nbsp; 23118 |
| 375 | Alliant Energy Corporation | &nbsp;&nbsp;&nbsp; 22890 |
| 553 | Avista Corporation | &nbsp;&nbsp;&nbsp; 22933 |

---

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 4.0% (Continued)** |  |
| 198 | IDACORP, Inc. | &nbsp;&nbsp;&nbsp; $23381 |
| 1309 | PG&E Corporation | &nbsp;&nbsp;&nbsp; 21625 |
| 530 | Portland General Electric Company | &nbsp;&nbsp;&nbsp; 22324 |
| 430 | TXNM Energy, Inc. | &nbsp;&nbsp;&nbsp; 22876 |
|  |  | &nbsp;&nbsp; 159147 |
|  | **ELECTRICAL EQUIPMENT - 2.3%** |  |
| 655 | Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp; 22709 |
| 417 | nVent Electric PLC | &nbsp;&nbsp;&nbsp; 22897 |
| 236 | Otis Worldwide Corporation | &nbsp;&nbsp;&nbsp; 22720 |
| 1190 | Sensata Technologies Holding PLC | &nbsp;&nbsp;&nbsp; 25466 |
|  |  | &nbsp;&nbsp; 93792 |
|  | **ENGINEERING & CONSTRUCTION - 0.5%** |  |
| 273 | Exponent, Inc. | &nbsp;&nbsp;&nbsp; 21480 |
|  | **ENTERTAINMENT CONTENT - 0.8%** |  |
| 4058 | Reservoir Media, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30435 |
|  | **FOOD - 2.7%** |  |
| 235 | BellRing Brands, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18128 |
| 277 | Hershey Company (The) | &nbsp;&nbsp;&nbsp; 46311 |
| 1422 | Tootsie Roll Industries, Inc. | &nbsp;&nbsp;&nbsp; 45504 |
|  |  | &nbsp;&nbsp; 109943 |
|  | **GAS & WATER UTILITIES - 2.3%** |  |
| 163 | American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp; 23963 |
| 934 | Aris Water Solutions, Inc., Class A | &nbsp;&nbsp;&nbsp; 23313 |
| 383 | Middlesex Water Company | &nbsp;&nbsp;&nbsp; 24174 |
| 317 | Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp; 22891 |
|  |  | &nbsp;&nbsp; 94341 |
|  | **HEALTH CARE FACILITIES & SERVICES - 4.1%** |  |
| 3713 | AdaptHealth Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31598 |
| 4623 | Brookdale Senior Living, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30327 |
| 480 | Centene Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 28728 |
| 70 | Elevance Health, Inc. | &nbsp;&nbsp;&nbsp; 29441 |
| 272 | GeneDx Holdings Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18183 |

---

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 4.1% (Continued)** |  |
| 2076 | SI-BONE, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $28337 |
|  |  | &nbsp;&nbsp; 166614 |
|  | **HEALTH CARE REIT - 0.8%** |  |
| 440 | Ventas, Inc. | &nbsp;&nbsp;&nbsp; 30835 |
|  | **HOME & OFFICE PRODUCTS - 1.1%** |  |
| 1360 | MillerKnoll, Inc. | &nbsp;&nbsp;&nbsp; 22304 |
| 2238 | Steelcase, Inc., Class A | &nbsp;&nbsp;&nbsp; 22201 |
|  |  | &nbsp;&nbsp; 44505 |
|  | **HOME CONSTRUCTION - 0.9%** |  |
| 949 | Interface, Inc. | &nbsp;&nbsp;&nbsp; 17842 |
| 301 | Taylor Morrison Home Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17262 |
|  |  | &nbsp;&nbsp; 35104 |
|  | **HOTEL REIT - 0.8%** |  |
| 4370 | RLJ Lodging Trust | &nbsp;&nbsp;&nbsp; 30634 |
|  | **HOUSEHOLD PRODUCTS - 1.7%** |  |
| 125 | Clorox Company (The) | &nbsp;&nbsp;&nbsp; 17788 |
| 3510 | Coty, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17726 |
| 507 | Helen of Troy Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14125 |
| 13641 | Olaplex Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17869 |
|  |  | &nbsp;&nbsp; 67508 |
|  | **INDUSTRIAL INTERMEDIATE PRODUCTS - 0.6%** |  |
| 171 | Chart Industries, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 23082 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.6%** |  |
| 1012 | Global Industrials, Company | &nbsp;&nbsp;&nbsp; 25988 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 0.8%** |  |
| 405 | Nasdaq, Inc. | &nbsp;&nbsp;&nbsp; 30865 |
|  | **INSURANCE - 6.8%** |  |
| 605 | AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp; 28126 |
| 614 | Employers Holdings, Inc. | &nbsp;&nbsp;&nbsp; 29834 |

---

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2% (Continued)** |  |
|  | **INSURANCE - 6.8% (Continued)** |  |
| 738 | Horace Mann Educators Corporation | &nbsp;&nbsp;&nbsp; $30657 |
| 400 | Jackson Financial, Inc. | &nbsp;&nbsp;&nbsp; 31164 |
| 964 | Lincoln National Corporation | &nbsp;&nbsp;&nbsp; 30723 |
| 401 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 29734 |
| 113 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 31837 |
| 835 | Trupanion, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30561 |
| 517 | Voya Financial, Inc. | &nbsp;&nbsp;&nbsp; 30606 |
|  |  | &nbsp;&nbsp; 273242 |
|  | **INTERNET MEDIA & SERVICES - 2.8%** |  |
| 110 | Expedia Group, Inc. | &nbsp;&nbsp;&nbsp; 17262 |
| 6226 | GoodRx Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 28826 |
| 413 | Maplebear, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16475 |
| 35903 | Opendoor Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 27225 |
| 1659 | Upwork, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21816 |
|  |  | &nbsp;&nbsp; 111604 |
|  | **LEISURE FACILITIES & SERVICES - 2.1%** |  |
| 394 | Cracker Barrel Old Country Store, Inc. | &nbsp;&nbsp;&nbsp; 16824 |
| 283 | Dutch Bros, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16906 |
| 1968 | Lindblad Expeditions Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17397 |
| 179 | Planet Fitness, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16932 |
| 124 | Vail Resorts, Inc. | &nbsp;&nbsp;&nbsp; 17261 |
|  |  | &nbsp;&nbsp; 85320 |
|  | **MACHINERY - 3.5%** |  |
| 67 | Curtiss-Wright Corporation | &nbsp;&nbsp;&nbsp; 23108 |
| 290 | Federal Signal Corporation | &nbsp;&nbsp;&nbsp; 23615 |
| 1026 | Hillenbrand, Inc. | &nbsp;&nbsp;&nbsp; 20756 |
| 846 | Mueller Water Products, Inc. - Series A | &nbsp;&nbsp;&nbsp; 22199 |
| 37 | Parker-Hannifin Corporation | &nbsp;&nbsp;&nbsp; 22387 |
| 316 | Veralto Corporation | &nbsp;&nbsp;&nbsp; 30303 |
|  |  | &nbsp;&nbsp; 142368 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.5%** |  |
| 1903 | Ceribell, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30619 |
| 181 | Masimo Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29134 |
|  |  | &nbsp;&nbsp; 59753 |

---

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2% (Continued)** |  |
|  | **METALS & MINING - 1.2%** |  |
| 680 | Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp; $24501 |
| 2536 | SunCoke Energy, Inc. | &nbsp;&nbsp;&nbsp; 22976 |
|  |  | &nbsp;&nbsp; 47477 |
|  | **OFFICE REIT - 0.7%** |  |
| 928 | Kilroy Realty Corporation | &nbsp;&nbsp;&nbsp; 29241 |
|  | **OIL & GAS PRODUCERS - 1.7%** |  |
| 863 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 22697 |
| 170 | Marathon Petroleum Corporation | &nbsp;&nbsp;&nbsp; 23360 |
| 576 | Occidental Petroleum Corporation | &nbsp;&nbsp;&nbsp; 22700 |
|  |  | &nbsp;&nbsp; 68757 |
|  | **PUBLISHING & BROADCASTING - 0.7%** |  |
| 575 | New York Times Company (The), Class A | &nbsp;&nbsp;&nbsp; 29935 |
|  | **REAL ESTATE SERVICES - 0.8%** |  |
| 3544 | Cushman & Wakefield PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 33207 |
|  | **RENEWABLE ENERGY - 0.6%** |  |
| 3447 | Sunrun, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 23750 |
|  | **RESIDENTIAL REIT - 2.3%** |  |
| 504 | Centerspace | &nbsp;&nbsp;&nbsp; 30421 |
| 481 | Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;&nbsp; 31159 |
| 108 | Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp; 30148 |
|  |  | &nbsp;&nbsp; 91728 |
|  | **RETAIL - CONSUMER STAPLES - 0.9%** |  |
| 773 | Albertsons Companies, Inc., Class A | &nbsp;&nbsp;&nbsp; 16991 |
| 234 | Five Below, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17758 |
|  |  | &nbsp;&nbsp; 34749 |
|  | **RETAIL - DISCRETIONARY - 4.4%** |  |
| 235 | Abercrombie & Fitch Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16314 |
| 602 | Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp; 18367 |
| 272 | Best Buy Company, Inc. | &nbsp;&nbsp;&nbsp; 18140 |
| 94 | Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp; 17648 |

---

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2% (Continued)** |  |
|  | **RETAIL - DISCRETIONARY - 4.4% (Continued)** |  |
| 1489 | Foot Locker, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $18270 |
| 454 | La-Z-Boy, Inc. | &nbsp;&nbsp;&nbsp; 17933 |
| 2184 | Sally Beauty Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17778 |
| 46 | Ulta Beauty, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18199 |
| 958 | Victoria's Secret & Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18010 |
| 118 | Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp; 18227 |
|  |  | &nbsp;&nbsp; 178886 |
|  | **RETAIL REIT - 0.7%** |  |
| 420 | Regency Centers Corporation | &nbsp;&nbsp;&nbsp; 30316 |
|  | **SEMICONDUCTORS - 1.1%** |  |
| 455 | Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 44294 |
|  | **SOFTWARE - 3.7%** |  |
| 6615 | Bumble, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 27915 |
| 1126 | Clear Secure, Inc., Class A | &nbsp;&nbsp;&nbsp; 27790 |
| 51 | HubSpot, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31187 |
| 220 | Oracle Corporation | &nbsp;&nbsp;&nbsp; 30958 |
| 414 | Workiva, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31162 |
|  |  | &nbsp;&nbsp; 149012 |
|  | **STEEL - 1.3%** |  |
| 475 | ATI, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 25830 |
| 85 | Reliance, Inc. | &nbsp;&nbsp;&nbsp; 24500 |
|  |  | &nbsp;&nbsp; 50330 |
|  | **TECHNOLOGY HARDWARE - 4.9%** |  |
| 582 | Arista Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 47881 |
| 1468 | Clearfield, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 42088 |
| 1251 | Flex Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 42959 |
| 2614 | NextNav, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 32466 |
| 1923 | PagerDuty, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29826 |
|  |  | &nbsp;&nbsp; 195220 |
|  | **TECHNOLOGY SERVICES - 7.3%** |  |
| 76 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 22735 |
| 75 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 22545 |

---

---

| | | |
|:---|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.2% (Continued)** |  |
|  | **TECHNOLOGY SERVICES - 7.3% (Continued)** |  |
| 188 | CDW Corporation | &nbsp;&nbsp;&nbsp; $30185 |
| 365 | Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp; 28791 |
| 309 | Insight Enterprises, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 42728 |
| 4409 | Integral Ad Science Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31172 |
| 446 | Parsons Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29820 |
| 64 | S&P Global, Inc. | &nbsp;&nbsp;&nbsp; 32003 |
| 183 | Science Applications International Corporation | &nbsp;&nbsp;&nbsp; 22148 |
| 235 | WEX, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30637 |
|  |  | &nbsp;&nbsp; 292764 |
|  | **TELECOMMUNICATIONS - 0.8%** |  |
| 8833 | Lumen Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31269 |
|  | **TRANSPORTATION & LOGISTICS - 2.6%** |  |
| 324 | ArcBest Corporation | &nbsp;&nbsp;&nbsp; 18960 |
| 623 | International Seaways, Inc. | &nbsp;&nbsp;&nbsp; 21157 |
| 154 | JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp; 20109 |
| 5188 | JetBlue Airways Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22621 |
| 207 | United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp; 19727 |
|  |  | &nbsp;&nbsp; 102574 |
|  | **TRANSPORTATION EQUIPMENT - 1.6%** |  |
| 76 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; 22331 |
| 478 | Greenbrier Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 20277 |
| 887 | Trinity Industries, Inc. | &nbsp;&nbsp;&nbsp; 22264 |
|  |  | &nbsp;&nbsp; 64872 |
|  | **TOTAL COMMON STOCKS (Cost $4,268,188)** | &nbsp;&nbsp; 4027650 |

---

---

| | |
|:---|:---|
| **HYPATIA WOMEN CEO ETF** | **HYPATIA WOMEN CEO ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2025** | **April 30, 2025** |
|  | **Fair Value** |
| **TOTAL INVESTMENTS – 100.2% (Cost $4,268,188)** | &nbsp;&nbsp;&nbsp; $4027650 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)%** | &nbsp;&nbsp; (9580) |
| **NET ASSETS - 100.0%** | &nbsp;&nbsp; $4018070 |

---

---

| | |
|:---|:---|
| Ltd. | - Limited Company |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |

---

<sup>(a)</sup> Non-income producing security.

## 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:** Hypatia Women CEO ETF

- **b. EDGAR series identifier (if any):** S000079305

- **c. LEI of Series:** 5493006PSZAXD5BEWT39

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $4229563.95

**Total Liabilities:** $211493.63

**Net Assets:** $4018070.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240297 | -4.29%               | -4.92%               | -3.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5481.94                 | $-192451.58                                |
| Month 2  | $-47196.35               | $-176269.55                                |
| Month 3  | $-84126.55               | $-70808.82                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMN Healthcare Services Inc                | AMN HEALTHCARE    | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      1579 | NS      | $32258.97     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                     | ABERCROMBIE & FI  | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |       235 | NS      | $16313.70     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Pharmaceuticals Inc                 | ACADIA PHARMACEU  | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |       497 | NS      | $7256.20      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corporation                    | ADAPTHEALTH CORP  | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3713 | NS      | $31597.63     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Advansix Inc                               | ADVANSIX INC      | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |      1157 | NS      | $24782.94     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                | ADV MICRO DEVICE  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       455 | NS      | $44294.25     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Companies Inc.                  | ALBERTSONS COS-A  | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |       773 | NS      | $16990.54     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alerus Financial Corp.                     | ALERUS FINANCIAL  | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |      1685 | NS      | $33497.80     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                    | ATI INC           | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |       475 | NS      | $25830.50     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Allete Inc                                 | ALLETE INC        | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |       353 | NS      | $23117.97     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                 | ALLIANT ENERGY    | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       375 | NS      | $22890.00     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.               | ALNYLAM PHARMACE  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |        30 | NS      | $7897.20      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp.                | AMALGAMATED FINA  | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1059 | NS      | $29821.44     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.         | AMERICAN WATER W  | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       163 | NS      | $23962.63     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerisafe Inc                              | AMERISAFE INC     | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |       605 | NS      | $28126.45     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                       | ELEVANCE HEALTH   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |        70 | NS      | $29440.60     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbutus Biopharma Corp.                    | ARBUTUS BIOPHARM  | CUSIP: 03879J100<br>LEI: 25490064CESONAUIAS23 | Long             | EC               | CORP              | CA        |      2247 | NS      | $7976.85      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcbest Corporation                        | ARCBEST CORP      | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |       324 | NS      | $18960.48     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                        | ARISTA NETWORKS   | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       582 | NS      | $47881.14     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc                   | ARIS WATER SOL-A  | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       934 | NS      | $23312.64     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc.         | ATMUS FILTRATION  | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       655 | NS      | $22708.85     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.            | AUTOMATIC DATA    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |        75 | NS      | $22545.00     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc.                   | AVIDITY BIOSCIEN  | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       238 | NS      | $7770.70      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                         | AVISTA CORP       | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |       553 | NS      | $22932.91     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bicara Therapeutics Inc.                   | BICARA THERAPEUT  | CUSIP: 055477103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       470 | NS      | $6753.90      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                      | BATH & BODY WORK  | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |       602 | NS      | $18367.02     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.        | BELLRING BRANDS   | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |       235 | NS      | $18127.90     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc.                           | BEST BUY CO INC   | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |       272 | NS      | $18139.68     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Blueprint Medicines Corporation            | BLUEPRINT MEDICI  | CUSIP: 09627Y109<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |       334 | NS      | $29893.00     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management Inc               | ACADIAN ASSET MA  | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |      1124 | NS      | $30280.56     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookdale Senior Living Inc.               | BROOKDALE SR      | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |      4623 | NS      | $30326.88     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                                 | BUMBLE INC-A      | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6615 | NS      | $27915.30     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                   | CDW CORP/DE       | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       188 | NS      | $30185.28     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                              | CABLE ONE INC     | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |       113 | NS      | $30201.51     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricor Therapeutics Inc                  | CAPRICOR THERAPE  | CUSIP: 14070B309<br>LEI: 5493002ZI5PDLXV4DX14 | Long             | EC               | CORP              | US        |       554 | NS      | $7035.80      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                              | CENTENE CORP      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |       480 | NS      | $28728.00     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                | CENTERSPACE       | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |       504 | NS      | $30421.44     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CeriBell Inc.                              | CERIBELL INC      | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1903 | NS      | $30619.27     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                       | CHART INDUSTRIES  | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |       171 | NS      | $23081.58     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| The Chemours Company LLC                   | CHEMOURS CO       | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |      2025 | NS      | $25069.50     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                             | CITIGROUP INC     | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       448 | NS      | $30634.24     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                           | CLEAR SECURE I-A  | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1126 | NS      | $27789.68     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc.                            | CLEARFIELD INC    | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |      1468 | NS      | $42087.56     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                         | CLOROX CO         | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |       125 | NS      | $17787.50     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc.                                  | COTY INC-CL A     | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |      3510 | NS      | $17725.50     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store Inc.      | CRACKER BARREL    | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |       394 | NS      | $16823.80     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                               | CUMMINS INC       | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |        76 | NS      | $22331.84     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                       | CURTISS-WRIGHT    | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |        67 | NS      | $23107.63     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                | DICK'S SPORTING   | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |        94 | NS      | $17647.56     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                      | DUPONT DE NEMOUR  | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |       379 | NS      | $25010.21     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                             | DUTCH BROS INC-A  | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       283 | NS      | $16906.42     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                          | EAGLE BANCRP INC  | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |      1405 | NS      | $25219.75     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc.                    | EMPLOYERS HOLDIN  | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       614 | NS      | $29834.26     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                              | EQUINIX INC       | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |        38 | NS      | $32708.50     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc            | EQUITY LIFESTYLE  | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |       481 | NS      | $31159.18     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                 | ESSEX PROPERTY    | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       108 | NS      | $30148.20     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                          | EXPEDIA GROUP IN  | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       110 | NS      | $17262.30     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                               | EXPONENT INC      | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |       273 | NS      | $21479.64     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGS Inc                                   | FIGS INC-CLASS A  | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4320 | NS      | $17409.60     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                       | FED SIGNAL CORP   | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |       290 | NS      | $23614.70     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | FIDELITY NATIONA  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |       365 | NS      | $28791.20     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                             | FIVE BELOW        | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |       234 | NS      | $17758.26     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker, Inc.                          | FOOT LOCKER INC   | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |      1489 | NS      | $18270.03     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc.                    | FRANKLIN RES INC  | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      1618 | NS      | $30353.68     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                      | FREEPORT-MCMORAN  | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |       680 | NS      | $24500.40     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| H B Fuller Company                         | HB FULLER CO      | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |       442 | NS      | $23885.68     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation               | GENERAL DYNAMICS  | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |        83 | NS      | $22585.96     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                     | GENERAL MOTORS C  | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |       439 | NS      | $19860.36     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Company                  | GLOBAL INDUSTRIA  | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |      1012 | NS      | $25988.16     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GoodRx Holdings Inc                        | GOODRX HOLDIN-A   | CUSIP: 38246G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6226 | NS      | $28826.38     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| The Greenbrier Companies, Inc.             | GREENBRIER COS    | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |       478 | NS      | $20276.76     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                  | HALOZYME THERAPE  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |       125 | NS      | $7677.50      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp.                      | HANMI FINL CORP   | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |      1278 | NS      | $29227.86     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                          | HERSHEY CO/THE    | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       277 | NS      | $46311.63     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                          | HILLENBRAND INC   | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |      1026 | NS      | $20755.98     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation          | HORACE MANN EDUC  | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |       738 | NS      | $30656.52     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubspot Inc                                | HUBSPOT INC       | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |        51 | NS      | $31186.50     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Humacyte Inc.                              | HUMACYTE INC      | CUSIP: 44486Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4951 | NS      | $7178.95      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| J. B. Hunt Transport Services, Inc.        | HUNT (JB) TRANS   | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |       154 | NS      | $20109.32     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                | IDACORP INC       | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |       198 | NS      | $23381.82     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc.                   | INSIGHT ENTERPRI  | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |       309 | NS      | $42728.52     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Corp.          | INTEGRAL AD SCIE  | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4409 | NS      | $31171.63     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                            | INTERFACE INC     | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |       949 | NS      | $17841.20     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                      | JACKSON FI-A      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |       400 | NS      | $31164.00     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corporation                | JETBLUE AIRWAYS   | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |      5188 | NS      | $22619.68     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corporation                  | KILROY REALTY     | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |       928 | NS      | $29241.28     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                        | KINDER MORGAN IN  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |       863 | NS      | $22696.90     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                               | LA-Z-BOY INC      | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |       454 | NS      | $17933.00     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co.                         | LEVI STRAUSS-A    | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |      1105 | NS      | $17691.05     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                     | LINCOLN NATL CRP  | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |       964 | NS      | $30722.68     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc.         | LINDBLAD EXPEDIT  | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |      1968 | NS      | $17397.12     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                     | LUMEN TECHNOLOGI  | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |      8833 | NS      | $31268.82     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                  | MDU RES GROUP     | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |      1298 | NS      | $22247.72     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc.                             | MAPLEBEAR INC     | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       413 | NS      | $16474.57     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                   | MARATHON PETROLE  | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       170 | NS      | $23359.70     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                         | MASIMO CORP       | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |       181 | NS      | $29133.76     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co.                        | MIDDLESEX WATER   | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       383 | NS      | $24174.96     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc.                           | MILLERKNOLL INC   | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |      1360 | NS      | $22304.00     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.               | MUELLER WATER-A   | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |       846 | NS      | $22199.04     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                 | NASDAQ INC        | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |       405 | NS      | $30865.05     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc.            | NATL PRESTO INDS  | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       261 | NS      | $22015.35     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| The New York Times Company                 | NEW YORK TIMES-A  | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |       575 | NS      | $29934.50     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NextNav Inc                                | NEXTNAV INC       | CUSIP: 65345N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2614 | NS      | $32465.88     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation               | NORTHROP GRUMMAN  | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |        47 | NS      | $22865.50     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                 | OCCIDENTAL PETE   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |       576 | NS      | $22700.16     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Olaplex Holdings Inc                       | OLAPLEX HOLDINGS  | CUSIP: 679369108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13641 | NS      | $17869.71     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Opendoor Technologies Inc.                 | OPENDOOR TECHNOL  | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | EC               | CORP              | US        |     35903 | NS      | $27225.24     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                               | ORACLE CORP       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       220 | NS      | $30958.40     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                       | OTIS WORLDWI      | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |       236 | NS      | $22719.72     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                           | PG&E CORP         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      1309 | NS      | $21624.68     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                           | TXNM ENERGY INC   | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |       430 | NS      | $22876.00     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagerduty Inc                              | PAGERDUTY INC     | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |      1923 | NS      | $29825.73     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                      | PARKER HANNIFIN   | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |        37 | NS      | $22387.22     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corporation                        | PARSONS CORP      | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |       446 | NS      | $29819.56     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                        | PLANET FITNESS-A  | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |       179 | NS      | $16931.61     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company          | PORTLAND GENERAL  | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |       530 | NS      | $22323.60     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group                  | PRINCIPAL FINL    | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |       401 | NS      | $29734.15     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                | PROGRESSIVE CORP  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       113 | NS      | $31836.62     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust LP                       | RLJ LODGING TRUS  | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4370 | NS      | $30633.70     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                      | REGENCY CENTERS   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |       420 | NS      | $30315.60     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                               | RELIANCE INC      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |        85 | NS      | $24499.55     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Reservoir Media Inc.                       | RESERVOIR MEDIA   | CUSIP: 76119X105<br>LEI: 549300PHPDQ9M9QSNU18 | Long             | EC               | CORP              | US        |      4058 | NS      | $30435.00     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                             | S&P GLOBAL INC    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |        64 | NS      | $32003.20     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc.                 | SALLY BEAUTY HOL  | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |      2184 | NS      | $17777.76     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Radius Recycling, Inc.                     | RADIUS RECYCLING  | CUSIP: 806882106<br>LEI: 549300F62TK8VRDSM285 | Long             | EC               | CORP              | US        |       829 | NS      | $24314.57     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp.   | SCIENCE APPLICAT  | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |       183 | NS      | $22148.49     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                       | GENEDX HOLDINGS   | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       272 | NS      | $18183.20     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company               | SHERWIN-WILLIAMS  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |        73 | NS      | $25763.16     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc.                               | SI-BONE INC       | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |      2076 | NS      | $28337.40     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusXM Holdings Inc                      | SIRIUS XM HOLDIN  | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1377 | NS      | $29495.34     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                 | SOUTHWEST GAS HO  | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |       317 | NS      | $22890.57     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase Inc                              | STEELCASE INC-A   | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |      2238 | NS      | $22200.96     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy, Inc.                       | SUNCOKE ENERGY I  | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |      2536 | NS      | $22976.16     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc.                                | SUNRUN INC        | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      3447 | NS      | $23749.83     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                               | TAPESTRY INC      | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |       260 | NS      | $18369.00     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                  | TAYLOR MORRISON   | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |       301 | NS      | $17262.35     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc.               | TOOTSIE ROLL IND  | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |      1422 | NS      | $45504.00     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Torrid Holdings Inc                        | TORRID HOLDINGS   | CUSIP: 89142B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2998 | NS      | $19037.30     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                   | TRINITY INDUSTRI  | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |       887 | NS      | $22263.70     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                              | TRUPANION INC     | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |       835 | NS      | $30561.00     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corporation               | TWIST BIOSCIENCE  | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |       193 | NS      | $7395.76      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc.                          | UL SOLUTIONS I-A  | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |       387 | NS      | $22132.53     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                            | ULTA BEAUTY INC   | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        46 | NS      | $18199.44     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                | UNITED PARCEL-B   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       207 | NS      | $19727.10     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation            | UNITED THERAPEUT  | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |        25 | NS      | $7577.25      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                 | UPWORK INC        | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |      1659 | NS      | $21815.85     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                         | VAIL RESORTS      | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |       124 | NS      | $17260.80     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                              | VALVOLINE INC     | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |       700 | NS      | $23982.00     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                | VENTAS INC        | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       440 | NS      | $30835.20     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp.                              | VERALTO CORP      | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |       316 | NS      | $30304.40     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated        | VERTEX PHARM      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |        15 | NS      | $7642.50      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Victorias Secret and Co                    | VICTORIA'S SECRE  | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |       958 | NS      | $18010.40     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VIR Biotechnology Inc                      | VIR BIOTECHNOLOG  | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1219 | NS      | $7460.28      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                         | VOYA FINANCIAL I  | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |       517 | NS      | $30606.40     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                    | WEX INC           | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |       235 | NS      | $30636.95     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                       | WILLIAMS-SONOMA   | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       118 | NS      | $18227.46     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                | WORKIVA INC       | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |       414 | NS      | $31161.78     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                | ZOETIS INC        | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       190 | NS      | $29716.00     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                          | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |     42968 | PA      | $42968.44     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                              | ACCENTURE PLC-A   | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |        76 | NS      | $22735.40     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC                    | CUSHMAN & WAKEFI  | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3544 | NS      | $33207.28     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen Of Troy Corp                         | HELEN OF TROY     | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |       507 | NS      | $14125.02     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                         | NVENT ELECTRIC    | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       417 | NS      | $22897.47     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC           | SENSATA TECHNOLO  | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |      1190 | NS      | $25466.00     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Urogen Pharma Ltd                          | UROGEN PHARMA LT  | CUSIP: M96088105<br>LEI: 549300C0YCX7CG2G5D50 | Long             | EC               | CORP              | IL        |      2814 | NS      | $32754.96     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                  | FLEX LTD          | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |      1251 | NS      | $42959.34     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc.                 | INTERNATIONAL SE  | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |       623 | NS      | $21157.08     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer