# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-162737
**Filing Date:** 2025-6
**Character Count:** 11460
**Document Hash:** bf96e94b661de546b7f7038f05b19a3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162737.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162737

**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:** 251089762

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Two Roads Shared Trust

- **b. Investment Company Act file number:** 811-22718

- **c. CIK number of Registrant:** 0001552947

- **d. LEI of Registrant:** 549300REHU8QC2CK4V30

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 402-895-1600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Recurrent MLP & Energy Infrastructure Fund

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

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

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

- **a. Date of fiscal year-end:** 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:** $1060216861.55

**Total Liabilities:** $950241.03

**Net Assets:** $1059266620.52

**Cash Not Reported:** $358.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194765 | 1.00%                | 0.66%                | -7.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2.23                   | $5551377.39                                |
| Month 2  | $0.00                    | $4310386.82                                |
| Month 3  | $16369759.50             | $-99019365.15                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliance Resource Partners, L.P.  | ALLIANCE RESOURC | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |    836853 | NS      | $22134761.85  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                | CENOVUS ENERGY   | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |   4674402 | NS      | $55017711.54  | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc               | CHENIERE ENERGY  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    309338 | NS      | $71491105.18  | 6.75%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                  | DT MIDSTREAM     | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    324000 | NS      | $31492800.00  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                     | ENBRIDGE INC     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    429734 | NS      | $20064280.46  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                | ENERGY TRANSFER  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   4324033 | NS      | $71519505.82  | 6.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P. | ENTERPRISE PRODU | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   1595476 | NS      | $47704732.40  | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.         | FRST AM-GV OB-X  | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   7613521 | PA      | $7613521.44   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.               | KINDER MORGAN IN | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1391065 | NS      | $36585009.50  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.          | MARATHON PETROLE | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    240559 | NS      | $33055212.19  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                        | ONEOK INC        | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    700112 | NS      | $57521201.92  | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                    | PBF ENERGY INC-A | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |   1842114 | NS      | $31647518.52  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corporation      | PEMBINA PIPELINE | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |   1854549 | NS      | $70843771.80  | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                       | PHILLIPS 66      | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    365306 | NS      | $38013742.36  | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP             | PLAINS GP HOLD-A | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |   2563833 | NS      | $47789847.12  | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp.                   | SOUTH BOW CORP   | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |   1654878 | NS      | $40858937.82  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                | SUNCOR ENERGY    | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |   1568608 | NS      | $55356176.32  | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunoco LP                         | SUNOCO LP        | CUSIP: 86765K109<br>LEI: 54930001NJU8E40NQ561 | Long             | EC               | CORP              | US        |    883988 | NS      | $51403902.20  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.             | TARGA RESOURCES  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    335779 | NS      | $57384631.10  | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                    | TC ENERGY CORP   | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    204390 | NS      | $10303299.90  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.               | VALERO ENERGY    | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    161163 | NS      | $18709412.67  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                 | VIPER ENERGY INC | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |    307467 | NS      | $12400144.11  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP     | WESTERN MIDSTREA | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1286885 | NS      | $48386876.00  | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)     | WILLIAMS COS INC | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    805932 | NS      | $47203437.24  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp.                      | KEYERA CORP      | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |   1414560 | NS      | $43911567.80  | 4.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Altagas Ltd                       | ALTAGAS LTD      | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |    929152 | NS      | $27501869.23  | 2.60%             |  |  |  | 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