# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-162681
**Filing Date:** 2025-6
**Character Count:** 38883
**Document Hash:** 9520cb2bd95bbb2ba1d7dc700b11d021
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162681.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162681

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20251031

**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:** 251089621

**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

### Affinity World Leaders Equity ETF (Series ID: S000060111)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000196754 | Affinity World Leaders Equity ETF | WLDR            |

## 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:** Affinity World Leaders Equity ETF

- **b. EDGAR series identifier (if any):** S000060111

- **c. LEI of Series:** 549300LWEPBJF1WUB306

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

- **a. Date of fiscal year-end:** 2025-10-31

- **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:** $31029753.16

**Total Liabilities:** $415704.05

**Net Assets:** $30614049.11

**Cash Not Reported:** $6322.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196754 | -2.10%               | -4.22%               | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-879034.91                                |
| Month 2  | $739.70                  | $-1705916.16                               |
| Month 3  | $-869523.91              | $497410.90                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                       | AT&T INC                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     20823 | NS      | $576797.10    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                       | ALLSTATE CORP             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1227 | NS      | $243424.53    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                             | ALTRIA GROUP INC          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      3175 | NS      | $187801.25    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                   | BRIT AMER TOBACC          | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      4119 | NS      | $178311.21    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                           | ELEVANCE HEALTH           | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       496 | NS      | $208607.68    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                                 | APPLOVIN CO-CL A          | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2304 | NS      | $620490.24    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                            | IMPERIAL BRANDS           | CUSIP: G4720C107<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |      3898 | NS      | $159704.27    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.              | BANK NY MELLON            | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      4574 | NS      | $367795.34    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                | THE CIGNA GROUP           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       610 | NS      | $207424.40    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                                 | CME GROUP INC             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1423 | NS      | $394284.84    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                | CVS HEALTH CORP           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      2895 | NS      | $193125.45    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                             | COTERRA ENERGY I          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      8969 | NS      | $220278.64    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                    | CAPITAL ONE FINA          | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      2204 | NS      | $397293.04    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                           | CARNIVAL CORP             | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      6824 | NS      | $125152.16    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                     | CARVANA CO                | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      3663 | NS      | $895054.05    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                  | CENTENE CORP              | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      2880 | NS      | $172368.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                   | CHARTER COMMUN-A          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1458 | NS      | $571331.88    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                            | EXPAND ENERGY CO          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2190 | NS      | $227541.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                            | CISCO SYSTEMS             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     18921 | NS      | $1092309.33   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                            | COMCAST CORP-A            | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     15853 | NS      | $542172.60    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                           | BARRICK GOLD CRP          | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      5502 | NS      | $104936.47    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                           | CORNING INC               | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     23729 | NS      | $1053093.02   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                    | CORTEVA INC               | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      4140 | NS      | $256638.60    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services Inc.               | DISCOVER FINANCI          | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |      2167 | NS      | $395845.89    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corporation of Canada                    | POWER CORP CDA            | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |      4534 | NS      | $171633.03    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                      | EBAY INC                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      8308 | NS      | $566273.28    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                           | EDISON INTL               | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      3200 | NS      | $171232.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                                | EMCOR GROUP INC           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       361 | NS      | $144652.70    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                            | ENTERGY CORP              | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      2255 | NS      | $187548.35    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                              | EXPEDIA GROUP IN          | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       806 | NS      | $126485.58    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BT Group PLC                                   | BT GROUP PLC              | CUSIP: G16612106<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |     68934 | NS      | $159681.31    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                   | BARCLAYS PLC              | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     58421 | NS      | $231102.01    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc     | FIDELITY NATIONA          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      1807 | NS      | $142536.16    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.              | FIDELITY NATIONA          | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      3567 | NS      | $228466.35    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                                    | FISERV INC                | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       876 | NS      | $161683.32    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                         | GENERAL MOTORS C          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      5992 | NS      | $271078.08    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                           | GILEAD SCIENCES           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      5320 | NS      | $566792.80    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                             | HCA HEALTHCARE I          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       580 | NS      | $200146.40    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                         | INTESA SANPAOLO           | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     46255 | NS      | $245539.58    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                        | FRESENIUS SE & C          | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      1586 | NS      | $75164.17     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                           | HOWMET AEROSPACE          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2720 | NS      | $376937.60    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | JABIL INC                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      7252 | NS      | $1062853.12   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                           | LABCORP HOLDINGS          | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       731 | NS      | $176178.31    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                    | LOCKHEED MARTIN           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       782 | NS      | $373600.50    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                              | MASCO CORP                | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      4088 | NS      | $247773.68    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Corp                                     | Nokia OYJ                 | CUSIP: X61873133<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     24000 | NS      | $119428.57    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Philips NV                               | KONINKLIJKE PHIL          | CUSIP: N7637U112<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |      3106 | NS      | $78565.60     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Hapoalim BM                               | BANK HAPOALIM             | CUSIP: M1586M115<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     13731 | NS      | $201276.73    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Leumi Le-Israel BM                        | BANK LEUMI LE-IS          | CUSIP: M16043107<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |     14128 | NS      | $200685.13    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Inc.                                     | CANON INC                 | CUSIP: J05124144<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |      4268 | NS      | $131516.04    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Japan Railway Co.                      | Central Japan Railway Co  | CUSIP: J05523105<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |      4400 | NS      | $90235.10     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd.                   | DAIWA HOUSE INDU          | CUSIP: J11508124<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |      5600 | NS      | $201987.13    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                               | NRG ENERGY                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      1863 | NS      | $204147.54    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                                   | HITACHI LTD               | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     10200 | NS      | $251074.73    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd.                                   | KOMATSU LTD               | CUSIP: J35759125<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |      7000 | NS      | $200860.62    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corp.                             | KONAMI GROUP COR          | CUSIP: J3600L101<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |      1500 | NS      | $213581.02    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                            | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      1479 | NS      | $77913.72     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong (Holdings) Ltd.                  | BOC HONG KONG             | CUSIP: Y0920U103<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |     52800 | NS      | $219215.10    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co Ltd.                               | MITSUI & CO               | CUSIP: J44690139<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |      5000 | NS      | $101385.39    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp.                              | NITTO DENKO CORP          | CUSIP: J58472119<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     10240 | NS      | $179157.01    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                  | NIPPON YUSEN KK           | CUSIP: J56515232<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |      2557 | NS      | $83193.74     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                | GEN DIGITAL INC           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     21644 | NS      | $559930.28    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd.                   | NORTHERN STAR RE          | CUSIP: Q6951U101<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |      7539 | NS      | $92625.73     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd.          | SUMITOMO REALTY           | CUSIP: J77841112<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |       900 | NS      | $33375.31     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Corp.                                 | Sumitomo Corp             | CUSIP: J77282119<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |      3500 | NS      | $85663.31     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                   | SHK PPT                   | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |      3405 | NS      | $32334.83     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp.                             | Suzuki Motor Corp         | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     17900 | NS      | $213855.65    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Gas Co Ltd                               | Tokyo Gas Co Ltd          | CUSIP: J87000113<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |      3000 | NS      | $99559.19     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                           | ASTELLAS PHARMA           | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     33400 | NS      | $333602.71    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                           | PAYPAL HOLDINGS           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      2364 | NS      | $155645.76    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                    | EQUINOR ASA               | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |      9000 | NS      | $205796.05    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                    | PFIZER INC                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     25286 | NS      | $617231.26    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.               | PHILIP MORRIS IN          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1458 | NS      | $249842.88    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                      | RTX CORP                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3030 | NS      | $382173.90    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International Inc            | RESTAURANT BRAND          | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      1345 | NS      | $86618.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.                | SS&C TECHNOLOGIE          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      7001 | NS      | $529275.60    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                       | SIMON PROPERTY            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       990 | NS      | $155806.20    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-On Incorporated                           | SNAP-ON INC               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       960 | NS      | $301257.60    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                    | SPROUTS FARMERS           | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      1677 | NS      | $286767.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                   | TAPESTRY INC              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     12162 | NS      | $859245.30    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                     | TWILIO INC - A            | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      6077 | NS      | $587706.67    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                              | TYSON FOODS-A             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      2404 | NS      | $147220.96    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                   | UNITED AIRLINES           | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      3268 | NS      | $224903.76    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                          | US FOODS HOLDING          | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      4120 | NS      | $270519.20    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                    | VENTAS INC                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      2044 | NS      | $143243.52    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                    | VERIZON COMMUNIC          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     12789 | NS      | $563483.34    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                            | VICI PROPERTIES           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      4340 | NS      | $138966.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                  | WILLIAMS COS INC          | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      4266 | NS      | $249859.62    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                       | ZOOM COMMUNICATI          | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      7450 | NS      | $577673.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                             | KINROSS GOLD              | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |      7050 | NS      | $104080.37    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                       | ENGIE                     | CUSIP: F7629A107<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |      5222 | NS      | $107666.75    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp.                                    | INPEX CORP                | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     16400 | NS      | $207581.86    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | VINCI SA                  | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |       753 | NS      | $104668.71    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                   | 3I GROUP PLC              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |      3933 | NS      | $221945.14    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                       | AIA                       | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     27800 | NS      | $208257.96    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd.                        | OTSUKA HOLDINGS           | CUSIP: J63117105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6168 | NS      | $300243.32    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc.                            | SOMPO HOLDINGS I          | CUSIP: J7621A101<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |      5300 | NS      | $172253.71    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                       | ROLLS-ROYCE HOLD          | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     21730 | NS      | $218432.42    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                              | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    258705 | PA      | $258705.38    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | KONINKLIJKE AHOL          | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      2406 | NS      | $98585.99     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                             | VODAFONE GROUP            | CUSIP: G93882192<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    165992 | NS      | $162078.32    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco PLC                                      | TESCO PLC                 | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |     19861 | NS      | $98128.36     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin | MICHELIN                  | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |      5941 | NS      | $216691.58    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holdings Ltd.                     | CKH HOLDINGS              | CUSIP: G21765105<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |     24200 | NS      | $136669.04    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                               | UNICREDIT SPA             | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |      4043 | NS      | $233641.39    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Coles Group Ltd.                               | COLES GROUP LTD           | CUSIP: Q26203408<br>LEI: 549300OHQRG2HN8LZ793 | Long             | EC               | CORP              | AU        |      6430 | NS      | $87402.86     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                      | AMCOR PLC                 | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |      6236 | NS      | $57371.20     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                | SEAGATE TECHNOLO          | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     13640 | NS      | $1241649.20   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                      | LOGITECH INTERNATIONAL-RE | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      1604 | NS      | $120925.56    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                          | ROYAL CARIBBEAN           | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |       674 | NS      | $144849.34    | 0.47%             |  |  |  | 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