# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-006423
**Filing Date:** 2025-12
**Character Count:** 40130
**Document Hash:** dd98d8d0a69e4a37e761cd4468c0964c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006423.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006423

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**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:** 251609002

**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:** 2025-10-31

**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:** $49699221.32

**Total Liabilities:** $504636.43

**Net Assets:** $49194584.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196754 | 3.03%                | 6.21%                | -1.88%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1296365.00                                |
| Month 2  | $0.00                    | $2819036.28                                |
| Month 3  | $4463396.66              | $-5426181.25                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Orange SA                                      | ORANGE                    | CUSIP: F6866T100<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     18190 | NS      | $290096.43    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                    | NUTRIEN LTD               | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      2345 | NS      | $127720.62    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co Inc                   | KANSAI ELEC PWR           | CUSIP: J30169106<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |     11800 | NS      | $184342.70    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                       | ENGIE                     | CUSIP: F7629A107<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |      8470 | NS      | $198202.88    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                   | EXELON CORP               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      4798 | NS      | $221283.76    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp.                                    | Denso Corp                | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     21800 | NS      | $305766.12    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                           | EDISON INTL               | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      4118 | NS      | $228054.84    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | VINCI SA                  | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      1424 | NS      | $190249.68    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                   | BRIT AMER TOBACC          | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      3581 | NS      | $183653.09    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.               | AMERICAN ELECTRI          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      2016 | NS      | $242444.16    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixabank S.A.                                 | CaixaBank SA              | CUSIP: E2427M123<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |     37259 | NS      | $393506.58    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                                      | AVIVA PLC                 | CUSIP: G0683Q158<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |     29427 | NS      | $258461.86    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Entertainment Group Ltd.                | GALAXY ENTERTAIN          | CUSIP: Y2679D118<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |     27100 | NS      | $135034.77    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                            | LEIDOS HOLDINGS           | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      4389 | NS      | $835972.83    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Matheson Holdings Ltd.                 | JARDINE MATHESON          | CUSIP: G50736100<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | BM        |      4803 | NS      | $282176.25    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | KONINKLIJKE AHOL          | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      4843 | NS      | $198241.99    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                      | RTX CORP                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3770 | NS      | $672945.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                   | UNITED AIRLINES           | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      3288 | NS      | $309203.52    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc     | FIDELITY NATIONA          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      4424 | NS      | $276588.48    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                   | TAPESTRY INC              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     10188 | NS      | $1118846.16   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holdings Ltd.                     | CKH HOLDINGS              | CUSIP: G21765105<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |     30000 | NS      | $198824.30    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                               | NRG ENERGY                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      1348 | NS      | $231667.28    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.              | HARTFORD INSURAN          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      2234 | NS      | $277418.12    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                            | VICI PROPERTIES           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      4693 | NS      | $140743.07    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                | THE CIGNA GROUP           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       931 | NS      | $227545.71    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                    | CAPITAL ONE FINA          | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      3126 | NS      | $687688.74    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA             | BBVA                      | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     23602 | NS      | $474352.59    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                           | PPG INDS INC              | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      3048 | NS      | $297942.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Tsusho Corp.                            | TOYOTA TSUSHO             | CUSIP: J92719111<br>LEI: 549300CEE2ENIUJNXB84 | Long             | EC               | CORP              | JP        |      5600 | NS      | $171408.18    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank N.V.                             | ABN AMRO BANK-CV          | CUSIP: N0162C102<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |     12182 | NS      | $363845.10    | 0.74%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Barrick Mining Corp.                           | BARRICK MINING C          | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      4346 | NS      | $142661.47    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                           | CARNIVAL CORP             | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      8786 | NS      | $253300.38    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Leumi Le-Israel BM                        | BANK LEUMI LE-IS          | CUSIP: M16043107<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |     18328 | NS      | $373096.07    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgestone Corp.                              | Bridgestone Corp          | CUSIP: J04578126<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |      7000 | NS      | $307241.07    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                   | CHARTER COMMUN-A          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      3457 | NS      | $808384.88    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                                | EMCOR GROUP INC           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       361 | NS      | $243956.58    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                           | LABCORP HOLDINGS          | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       873 | NS      | $221707.08    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                      | SAFRAN SA                 | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      1064 | NS      | $377643.34    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                     | VONOVIA SE                | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |      3846 | NS      | $115490.84    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd.                                 | FORTESCUE LTD             | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |      9361 | NS      | $130412.05    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                        | T ROWE PRICE GRP          | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      5541 | NS      | $568118.73    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                | CVS HEALTH CORP           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      3729 | NS      | $291421.35    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Tobacco Inc                              | JAPAN TOBACCO             | CUSIP: J27869106<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | EC               | CORP              | JP        |      4500 | NS      | $156660.63    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                 | HEWLETT PACKA             | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     65210 | NS      | $1592428.20   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                | SEAGATE TECHNOLO          | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      7313 | NS      | $1871250.44   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                              | VEEVA SYSTEMS-A           | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       895 | NS      | $260624.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                       | MARATHON PETROLE          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      1830 | NS      | $356685.30    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                       | ZOOM COMMUNICATI          | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     10270 | NS      | $895852.10    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-On Incorporated                           | SNAP-ON INC               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1484 | NS      | $497956.20    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                       | ALLSTATE CORP             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1443 | NS      | $276363.36    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corp.                             | KONAMI GROUP COR          | CUSIP: J3600L101<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |      1000 | NS      | $167026.81    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group S.A. | International Consolidate | CUSIP: E67674106<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | ES        |     20671 | NS      | $113479.64    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                              | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    120431 | PA      | $120430.94    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                        | GSK PLC                   | CUSIP: G3910J179<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     18364 | NS      | $429529.87    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Corp.                                 | Sumitomo Corp             | CUSIP: J77282119<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |      5700 | NS      | $165924.97    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                      | EBAY INC                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      9422 | NS      | $766102.82    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                        | FRESENIUS SE & C          | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      3967 | NS      | $228736.99    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                    | PFIZER INC                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     20241 | NS      | $498940.65    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                     | DOLLAR GENERAL C          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     11642 | NS      | $1148599.72   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                            | VALERO ENERGY             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      2070 | NS      | $350989.20    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                                        | CGI INC                   | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      1685 | NS      | $146640.83    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd.                   | NORTHERN STAR RE          | CUSIP: Q6951U101<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |      7427 | NS      | $119603.76    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.              | BANK NY MELLON            | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      5674 | NS      | $612394.82    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                           | PAYPAL HOLDINGS           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      3811 | NS      | $263987.97    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO Tinto Limited                              | RIO TINTO LTD             | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |      1491 | NS      | $129635.63    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                              | EXPEDIA GROUP IN          | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      1170 | NS      | $257400.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                   | CAP GEMINI SA             | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      1093 | NS      | $168202.31    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                  | PROLOGIS INC              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      1690 | NS      | $209712.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                           | HOWMET AEROSPACE          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2800 | NS      | $576660.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                               | UNICREDIT SPA             | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |      5972 | NS      | $440792.12    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                      | LOGITECH INTERNATIONAL-RE | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      3724 | NS      | $448965.44    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp.                              | NITTO DENKO CORP          | CUSIP: J58472119<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |      5240 | NS      | $131045.05    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                             | ALTRIA GROUP INC          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      5621 | NS      | $316911.98    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                      | AMCOR PLC                 | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |      8024 | NS      | $63389.60     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                       | SIMON PROPERTY            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       919 | NS      | $161523.44    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Hapoalim BM                               | BANK HAPOALIM             | CUSIP: M1586M115<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     17931 | NS      | $364849.40    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                                 | APPLOVIN CO-CL A          | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1570 | NS      | $1000608.10   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group N.V.                                  | NN GROUP                  | CUSIP: N64038107<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |      3702 | NS      | $253400.30    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp.                                    | INPEX CORP                | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     21200 | NS      | $390827.15    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                            | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      1402 | NS      | $113519.94    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                          | US FOODS HOLDING          | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      8874 | NS      | $644429.88    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                    | VERIZON COMMUNIC          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     24739 | NS      | $983127.86    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd.                        | OTSUKA HOLDINGS           | CUSIP: J63117105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6668 | NS      | $362331.57    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd                              | ELBIT SYSTEMS LTD         | CUSIP: M3760D101<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |       590 | NS      | $282469.92    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                                    | FISERV INC                | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      2166 | NS      | $144450.54    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp.                             | Suzuki Motor Corp         | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     21300 | NS      | $319001.73    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                       | ROLLS-ROYCE HOLD          | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     24660 | NS      | $378048.95    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | JABIL INC                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      7970 | NS      | $1760493.30   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                         | MICRON TECH               | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      9284 | NS      | $2077480.68   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                            | IMPERIAL BRANDS           | CUSIP: G4720C107<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |      3199 | NS      | $127122.88    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Japan Railway Co.                      | Central Japan Railway Co  | CUSIP: J05523105<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |      4300 | NS      | $105081.53    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco PLC                                      | TESCO PLC                 | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |     33821 | NS      | $204108.71    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                         | HP INC                    | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     62064 | NS      | $1717310.88   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                              | JOHNSON&JOHNSON           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3628 | NS      | $685220.36    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                       | AT&T INC                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     38498 | NS      | $952825.50    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                      | HALMA PLC                 | CUSIP: G42504103<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |      8149 | NS      | $379600.83    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                       | COMFORT SYSTEMS           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       291 | NS      | $280983.78    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                         | F5 INC                    | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      2473 | NS      | $625792.65    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                            | KRAFT HEINZ CO/T          | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     12717 | NS      | $314491.41    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                             | VODAFONE GROUP            | CUSIP: G93882192<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    249722 | NS      | $302265.87    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                             | KINROSS GOLD              | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |      5138 | NS      | $119497.74    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                   | 3I GROUP PLC              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |      6895 | NS      | $398539.21    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Axa SA                                         | AXA                       | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |      6563 | NS      | $284686.67    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                   | CITIZENS FINANCI          | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     11382 | NS      | $579002.34    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                   | GENERAL DYNAMICS          | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1583 | NS      | $545976.70    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                    | PHILLIPS 66               | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      2590 | NS      | $352602.60    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                             | FORD MOTOR CO             | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     43664 | NS      | $573308.32    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                           | GILEAD SCIENCES           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      4293 | NS      | $514258.47    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                         | GENERAL MOTORS C          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      9096 | NS      | $628442.64    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                             | HCA HEALTHCARE I          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       736 | NS      | $338324.48    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                            | COMCAST CORP-A            | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     32341 | NS      | $900211.74    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.                | SS&C TECHNOLOGIE          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      9988 | NS      | $848180.96    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                           | ASTELLAS PHARMA           | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     32800 | NS      | $343415.94    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                      | REPSOL SA                 | CUSIP: E8471S130<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     21955 | NS      | $401770.18    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer