# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-001461
**Filing Date:** 2025-9
**Character Count:** 49308
**Document Hash:** 5b210caf86f9f826ef49104a6dc00952
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001461.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000910472-25-001461

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**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:** 251347231

**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            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.9%** |  |
|  | **Australia - 0.5%** |  |
| 7930 | Coles Group Ltd. | &nbsp;&nbsp;&nbsp; $105693 |
| 9539 | Northern Star Resources Ltd. | &nbsp;&nbsp;&nbsp; 95445 |
|  |  | &nbsp;&nbsp; 201138 |
|  | **Canada - 1.4%** |  |
| 7002 | Barrick Mining Corporation | &nbsp;&nbsp;&nbsp; 147812 |
| 8550 | Kinross Gold Corporation | &nbsp;&nbsp;&nbsp; 136802 |
| 5534 | Power Corp of Canada | &nbsp;&nbsp;&nbsp; 223022 |
| 1665 | Restaurant Brands International, Inc. | &nbsp;&nbsp;&nbsp; 112987 |
|  |  | &nbsp;&nbsp; 620623 |
|  | **Cayman Islands - 0.4%** |  |
| 30000 | CK Hutchison Holdings Ltd. | &nbsp;&nbsp;&nbsp; 196434 |
|  | **Finland - 0.3%** |  |
| 29500 | Nokia OYJ | &nbsp;&nbsp;&nbsp; 120856 |
|  | **France - 1.2%** |  |
| 7441 | Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;&nbsp; 265592 |
| 6222 | Engie S.A. | &nbsp;&nbsp;&nbsp; 139388 |
| 928 | Vinci S.A. | &nbsp;&nbsp;&nbsp; 128848 |
|  |  | &nbsp;&nbsp; 533828 |
|  | **Germany - 0.2%** |  |
| 2086 | Fresenius S.E. & Company KGaA | &nbsp;&nbsp;&nbsp; 99989 |
|  | **Hong Kong - 1.5%** |  |
| 32500 | AIA Group Ltd. | &nbsp;&nbsp;&nbsp; 303886 |
| 65000 | BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp;&nbsp; 292294 |
| 5000 | Sun Hung Kai Properties Ltd. | &nbsp;&nbsp;&nbsp; 59554 |
|  |  | &nbsp;&nbsp; 655734 |
|  | **Ireland - 5.9%** |  |
| 16605 | Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp; 2607151 |
|  | **Israel - 1.5%** |  |
| 17231 | Bank Hapoalim BM | &nbsp;&nbsp;&nbsp; 324558 |

---

---

| | | |
|:---|:---|:---|
| **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.9% (Continued)** |  |
|  | **Israel - 1.5% (Continued)** |  |
| 17628 | Bank Leumi Le-Israel BM | &nbsp;&nbsp;&nbsp; $327211 |
|  |  | &nbsp;&nbsp; 651769 |
|  | **Italy - 1.6%** |  |
| 57255 | Intesa Sanpaolo SpA | &nbsp;&nbsp;&nbsp; 346158 |
| 5043 | UniCredit SpA | &nbsp;&nbsp;&nbsp; 372150 |
|  |  | &nbsp;&nbsp; 718308 |
|  | **Japan - 8.5%** |  |
| 41400 | Astellas Pharma, Inc. | &nbsp;&nbsp;&nbsp; 433372 |
| 5268 | Canon, Inc. | &nbsp;&nbsp;&nbsp; 150221 |
| 5400 | Central Japan Railway Company | &nbsp;&nbsp;&nbsp; 125730 |
| 7100 | Daiwa House Industry Company Ltd. | &nbsp;&nbsp;&nbsp; 235609 |
| 12700 | Hitachi Ltd. | &nbsp;&nbsp;&nbsp; 395585 |
| 20400 | Inpex Corporation | &nbsp;&nbsp;&nbsp; 290522 |
| 8500 | Komatsu Ltd. | &nbsp;&nbsp;&nbsp; 274232 |
| 2000 | Konami Group Corporation | &nbsp;&nbsp;&nbsp; 272159 |
| 6000 | Mitsui & Company Ltd. | &nbsp;&nbsp;&nbsp; 123347 |
| 3057 | Nippon Yusen KK | &nbsp;&nbsp;&nbsp; 107466 |
| 12740 | Nitto Denko Corporation | &nbsp;&nbsp;&nbsp; 265371 |
| 7668 | Otsuka Holdings Company Ltd. | &nbsp;&nbsp;&nbsp; 371364 |
| 6800 | Sompo Holdings, Inc. | &nbsp;&nbsp;&nbsp; 201663 |
| 4500 | Sumitomo Corporation | &nbsp;&nbsp;&nbsp; 115190 |
| 1150 | Sumitomo Realty & Development Company Ltd. | &nbsp;&nbsp;&nbsp; 42265 |
| 22400 | Suzuki Motor Corporation | &nbsp;&nbsp;&nbsp; 247554 |
| 3500 | Tokyo Gas Company Ltd. | &nbsp;&nbsp;&nbsp; 117190 |
|  |  | &nbsp;&nbsp; 3768840 |
|  | **Jersey - 0.2%** |  |
| 7726 | Amcor PLC | &nbsp;&nbsp;&nbsp; 72238 |
|  | **Liberia - 0.6%** |  |
| 834 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; 265104 |
|  | **Netherlands - 0.5%** |  |
| 2906 | Koninklijke Ahold Delhaize N.V. | &nbsp;&nbsp;&nbsp; 114807 |

---

---

| | | |
|:---|:---|:---|
| **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.9% (Continued)** |  |
|  | **Netherlands - 0.5% (Continued)** |  |
| 3606 | Koninklijke Philips N.V. | &nbsp;&nbsp;&nbsp; $95111 |
|  |  | &nbsp;&nbsp; 209918 |
|  | **Norway - 0.6%** |  |
| 11000 | Equinor ASA | &nbsp;&nbsp;&nbsp; 284824 |
|  | **Panama - 0.6%** |  |
| 8459 | Carnival Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 251824 |
|  | **Switzerland - 0.4%** |  |
| 1989 | Logitech International S.A. | &nbsp;&nbsp;&nbsp; 184738 |
|  | **United Kingdom - 4.7%** |  |
| 4933 | 3i Group plc | &nbsp;&nbsp;&nbsp; 270429 |
| 72421 | Barclays PLC | &nbsp;&nbsp;&nbsp; 355123 |
| 5119 | British American Tobacco plc | &nbsp;&nbsp;&nbsp; 273121 |
| 85434 | BT Group PLC | &nbsp;&nbsp;&nbsp; 233669 |
| 4898 | Imperial Brands plc | &nbsp;&nbsp;&nbsp; 191082 |
| 27230 | Rolls-Royce Holdings plc | &nbsp;&nbsp;&nbsp; 385507 |
| 24861 | Tesco PLC | &nbsp;&nbsp;&nbsp; 139671 |
| 205492 | Vodafone Group plc | &nbsp;&nbsp;&nbsp; 222589 |
|  |  | &nbsp;&nbsp; 2071191 |
|  | **United States - 68.3%** |  |
| 1522 | Allstate Corporation (The) | &nbsp;&nbsp;&nbsp; 309346 |
| 3935 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 243734 |
| 2854 | AppLovin Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1115058 |
| 25808 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 707397 |
| 5669 | Bank of New York Mellon Corporation (The) | &nbsp;&nbsp;&nbsp; 575120 |
| 4949 | Capital One Financial Corporation | &nbsp;&nbsp;&nbsp; 1064035 |
| 4538 | Carvana Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1770591 |
| 3535 | Centene Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 92157 |
| 1808 | Charter Communications, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 487003 |
| 755 | Cigna Group (The) | &nbsp;&nbsp;&nbsp; 201872 |
| 23451 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 1596544 |
| 1763 | CME Group, Inc. | &nbsp;&nbsp;&nbsp; 490608 |

---

---

| | | |
|:---|:---|:---|
| **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.9% (Continued)** |  |
|  | **United States - 68.3% (Continued)** |  |
| 19648 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; $652903 |
| 29409 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 1859825 |
| 5140 | Corteva, Inc. | &nbsp;&nbsp;&nbsp; 370748 |
| 11114 | Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp; 271070 |
| 3590 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 222939 |
| 10298 | eBay, Inc. | &nbsp;&nbsp;&nbsp; 944841 |
| 3965 | Edison International | &nbsp;&nbsp;&nbsp; 206656 |
| 606 | Elevance Health, Inc. | &nbsp;&nbsp;&nbsp; 171546 |
| 446 | EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp; 279861 |
| 2795 | Entergy Corporation | &nbsp;&nbsp;&nbsp; 252752 |
| 2690 | Expand Energy Corporation | &nbsp;&nbsp;&nbsp; 281858 |
| 1001 | Expedia Group, Inc. | &nbsp;&nbsp;&nbsp; 180400 |
| 4422 | Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp; 249533 |
| 2237 | Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp; 177640 |
| 1086 | Fiserv, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150889 |
| 26824 | Gen Digital, Inc. | &nbsp;&nbsp;&nbsp; 791040 |
| 7427 | General Motors Company | &nbsp;&nbsp;&nbsp; 396156 |
| 6595 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 740553 |
| 710 | HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp; 251333 |
| 3370 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 605825 |
| 8987 | Jabil, Inc. | &nbsp;&nbsp;&nbsp; 2005629 |
| 906 | Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp; 235632 |
| 967 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 407088 |
| 5068 | Masco Corporation | &nbsp;&nbsp;&nbsp; 345283 |
| 1834 | Newmont Corporation | &nbsp;&nbsp;&nbsp; 113891 |
| 2308 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 385898 |
| 2994 | PayPal Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205867 |
| 31336 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 729815 |
| 1808 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 296602 |
| 3780 | RTX Corporation | &nbsp;&nbsp;&nbsp; 595615 |
| 1225 | Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp; 200643 |
| 1190 | Snap-on, Inc. | &nbsp;&nbsp;&nbsp; 382216 |
| 2077 | Sprouts Farmers Market, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 314749 |
| 8676 | SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp; 741624 |

---

---

| | | |
|:---|:---|:---|
| **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** | **AFFINITY WORLD LEADERS EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.9% (Continued)** |  |
|  | **United States - 68.3% (Continued)** |  |
| 15072 | Tapestry, Inc. | &nbsp;&nbsp;&nbsp; $1628228 |
| 7532 | Twilio, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 971628 |
| 2979 | Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp; 155802 |
| 4068 | United Airlines Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 359245 |
| 5135 | US Foods Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 427900 |
| 2534 | Ventas, Inc. | &nbsp;&nbsp;&nbsp; 170234 |
| 15849 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 677703 |
| 5380 | VICI Properties, Inc. | &nbsp;&nbsp;&nbsp; 175388 |
| 5286 | Williams Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 316896 |
| 9250 | Zoom Video Communications, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 684962 |
|  |  | &nbsp;&nbsp; 30240372 |
|  | **TOTAL COMMON STOCKS (Cost $35,275,165)** | &nbsp;&nbsp; 43754879 |
|  | **TOTAL INVESTMENTS - 98.9% (Cost $35,275,165)** | &nbsp;&nbsp;&nbsp; $43754879 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 1.1%** | &nbsp;&nbsp; 507848 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $44262727 |

---

---

| | |
|:---|:---|
| Ltd. | - Limited Company |
| N.V. | - Naamioze Vennootschap |
| OYJ | - Julkinen osakeyhtiö |
| PLC | - Public Limited Company |
| S.A. | - Société Anonyme |

---

<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:** 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:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $44715241.71

**Total Liabilities:** $452514.37

**Net Assets:** $44262727.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196754 | 8.85%                | 5.31%                | 2.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3833.32                | $2765150.61                                |
| Month 2  | $0.01                    | $2004840.22                                |
| Month 3  | $0.00                    | $980194.81                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Royal Philips NV                               | KONINKLIJKE PHIL          | CUSIP: N7637U112<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |      3606 | NS      | $95111.44     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                       | ENGIE                     | CUSIP: F7629A107<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |      6222 | NS      | $139387.58    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                         | INTESA SANPAOLO           | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     57255 | NS      | $346158.06    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                           | EDISON INTL               | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      3965 | NS      | $206655.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | VINCI SA                  | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |       928 | NS      | $128847.68    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                   | BRIT AMER TOBACC          | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      5119 | NS      | $273121.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                       | AIA                       | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     32500 | NS      | $303886.12    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                   | BARCLAYS PLC              | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     72421 | NS      | $355123.05    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                  | CENTENE CORP              | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      3535 | NS      | $92157.45     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                                   | HITACHI LTD               | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     12700 | NS      | $395585.37    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | KONINKLIJKE AHOL          | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      2906 | NS      | $114806.58    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                      | RTX CORP                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3780 | NS      | $595614.60    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corporation of Canada                    | POWER CORP CDA            | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |      5534 | NS      | $223021.48    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                   | UNITED AIRLINES           | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      4068 | NS      | $359245.08    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc     | FIDELITY NATIONA          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      2237 | NS      | $177640.17    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                   | TAPESTRY INC              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     15072 | NS      | $1628228.16   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holdings Ltd.                     | CKH HOLDINGS              | CUSIP: G21765105<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |     30000 | NS      | $196433.62    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                               | NRG ENERGY                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      2308 | NS      | $385897.60    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                    | EQUINOR ASA               | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     11000 | NS      | $284823.59    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                            | CISCO SYSTEMS             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     23451 | NS      | $1596544.08   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                            | EXPAND ENERGY CO          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2690 | NS      | $281858.20    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                              | MASCO CORP                | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      5068 | NS      | $345282.84    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                            | VICI PROPERTIES           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      5380 | NS      | $175388.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International Inc            | RESTAURANT BRAND          | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      1665 | NS      | $112986.90    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                | THE CIGNA GROUP           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       755 | NS      | $201871.90    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                    | CAPITAL ONE FINA          | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      4949 | NS      | $1064035.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                    | LOCKHEED MARTIN           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       967 | NS      | $407087.66    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                              | TYSON FOODS-A             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      2979 | NS      | $155801.70    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                           | BARRICK MINING C          | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      7002 | NS      | $147812.14    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Coles Group Ltd.                               | COLES GROUP LTD           | CUSIP: Q26203408<br>LEI: 549300OHQRG2HN8LZ793 | Long             | EC               | CORP              | AU        |      7930 | NS      | $105692.56    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                           | CARNIVAL CORP             | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      8459 | NS      | $251824.43    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Leumi Le-Israel BM                        | BANK LEUMI LE-IS          | CUSIP: M16043107<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |     17628 | NS      | $327211.12    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                             | COTERRA ENERGY I          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     11114 | NS      | $271070.46    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                   | CHARTER COMMUN-A          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1808 | NS      | $487002.88    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                                | EMCOR GROUP INC           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       446 | NS      | $279860.54    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                           | LABCORP HOLDINGS          | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       906 | NS      | $235632.48    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                | GEN DIGITAL INC           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     26824 | NS      | $791039.76    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                  | NIPPON YUSEN KK           | CUSIP: J56515232<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |      3057 | NS      | $107465.53    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                     | CARVANA CO                | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      4538 | NS      | $1770591.46   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                    | VENTAS INC                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      2534 | NS      | $170234.12    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                | CVS HEALTH CORP           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      3590 | NS      | $222939.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                | SEAGATE TECHNOLO          | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     16605 | NS      | $2607151.05   | 5.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                       | ZOOM COMMUNICATI          | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      9250 | NS      | $684962.50    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.               | PHILIP MORRIS IN          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1808 | NS      | $296602.40    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd.                   | DAIWA HOUSE INDU          | CUSIP: J11508124<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |      7100 | NS      | $235608.84    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-On Incorporated                           | SNAP-ON INC               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1190 | NS      | $382216.10    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                       | ALLSTATE CORP             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1522 | NS      | $309346.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corp.                             | KONAMI GROUP COR          | CUSIP: J3600L101<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |      2000 | NS      | $272159.37    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                              | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    412602 | PA      | $412602.07    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Corp.                                 | Sumitomo Corp             | CUSIP: J77282119<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |      4500 | NS      | $115190.26    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                      | EBAY INC                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     10298 | NS      | $944841.50    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.              | FIDELITY NATIONA          | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      4422 | NS      | $249533.46    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Gas Co Ltd                               | Tokyo Gas Co Ltd          | CUSIP: J87000113<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |      3500 | NS      | $117189.68    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                        | FRESENIUS SE & C          | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      2086 | NS      | $99988.90     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                    | PFIZER INC                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     31336 | NS      | $729815.44    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd.                   | NORTHERN STAR RE          | CUSIP: Q6951U101<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |      9539 | NS      | $95445.17     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.              | BANK NY MELLON            | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      5669 | NS      | $575120.05    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BT Group PLC                                   | BT GROUP PLC              | CUSIP: G16612106<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |     85434 | NS      | $233668.53    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                           | PAYPAL HOLDINGS           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      2994 | NS      | $205867.44    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc.                            | SOMPO HOLDINGS I          | CUSIP: J7621A101<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |      6800 | NS      | $201663.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                              | EXPEDIA GROUP IN          | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      1001 | NS      | $180400.22    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                                 | CME GROUP INC             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1763 | NS      | $490607.64    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                           | HOWMET AEROSPACE          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      3370 | NS      | $605824.90    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                               | UNICREDIT SPA             | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |      5043 | NS      | $372150.14    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                      | LOGITECH INTERNATIONAL-RE | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      1989 | NS      | $184738.32    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp.                              | NITTO DENKO CORP          | CUSIP: J58472119<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     12740 | NS      | $265370.90    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                             | ALTRIA GROUP INC          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      3935 | NS      | $243733.90    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                      | AMCOR PLC                 | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |      7726 | NS      | $72238.10     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                       | SIMON PROPERTY            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      1225 | NS      | $200642.75    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co Ltd.                               | MITSUI & CO               | CUSIP: J44690139<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |      6000 | NS      | $123347.08    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Hapoalim BM                               | BANK HAPOALIM             | CUSIP: M1586M115<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     17231 | NS      | $324558.24    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin | MICHELIN                  | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |      7441 | NS      | $265592.21    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                    | SPROUTS FARMERS           | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      2077 | NS      | $314748.58    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                                 | APPLOVIN CO-CL A          | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2854 | NS      | $1115057.80   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp.                                    | INPEX CORP                | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     20400 | NS      | $290522.17    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                            | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      1834 | NS      | $113891.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                    | CORTEVA INC               | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      5140 | NS      | $370748.20    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                          | US FOODS HOLDING          | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      5135 | NS      | $427899.55    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd.          | SUMITOMO REALTY           | CUSIP: J77841112<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |      1150 | NS      | $42264.94     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                    | VERIZON COMMUNIC          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     15849 | NS      | $677703.24    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd.                        | OTSUKA HOLDINGS           | CUSIP: J63117105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7668 | NS      | $371363.61    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                                    | FISERV INC                | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      1086 | NS      | $150888.84    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                           | ELEVANCE HEALTH           | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       606 | NS      | $171546.48    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp.                             | Suzuki Motor Corp         | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     22400 | NS      | $247553.62    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                           | CORNING INC               | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     29409 | NS      | $1859825.16   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                          | ROYAL CARIBBEAN           | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |       834 | NS      | $265103.58    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                       | ROLLS-ROYCE HOLD          | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     27230 | NS      | $385506.60    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | JABIL INC                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      8987 | NS      | $2005628.79   | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Corp                                     | Nokia OYJ                 | CUSIP: X61873133<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     29500 | NS      | $120856.36    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                            | IMPERIAL BRANDS           | CUSIP: G4720C107<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |      4898 | NS      | $191081.51    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Japan Railway Co.                      | Central Japan Railway Co  | CUSIP: J05523105<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |      5400 | NS      | $125730.47    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong (Holdings) Ltd.                  | BOC HONG KONG             | CUSIP: Y0920U103<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |     65000 | NS      | $292293.74    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco PLC                                      | TESCO PLC                 | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |     24861 | NS      | $139670.75    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                       | AT&T INC                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     25808 | NS      | $707397.28    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                   | SHK PPT                   | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |      5000 | NS      | $59554.29     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                     | TWILIO INC - A            | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      7532 | NS      | $971628.00    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                  | WILLIAMS COS INC          | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      5286 | NS      | $316895.70    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                            | ENTERGY CORP              | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      2795 | NS      | $252751.85    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                             | VODAFONE GROUP            | CUSIP: G93882192<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    205492 | NS      | $222589.20    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                             | KINROSS GOLD              | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |      8550 | NS      | $136802.47    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                   | 3I GROUP PLC              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |      4933 | NS      | $270428.99    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Inc.                                     | CANON INC                 | CUSIP: J05124144<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |      5268 | NS      | $150220.83    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                           | GILEAD SCIENCES           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      6595 | NS      | $740552.55    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd.                                   | KOMATSU LTD               | CUSIP: J35759125<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |      8500 | NS      | $274231.73    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                         | GENERAL MOTORS C          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      7427 | NS      | $396156.18    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                             | HCA HEALTHCARE I          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       710 | NS      | $251332.90    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                            | COMCAST CORP-A            | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     19648 | NS      | $652903.04    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.                | SS&C TECHNOLOGIE          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      8676 | NS      | $741624.48    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                           | ASTELLAS PHARMA           | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     41400 | NS      | $433372.02    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer