# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-006034
**Filing Date:** 2025-12
**Character Count:** 22504
**Document Hash:** cb5064574ec71c27abb5917a91495d97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006034.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006034

**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:** 251604911

**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

### Redwood Systematic Macro Trend ("SMarT") Fund (Series ID: S000059551)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000195032 | Redwood Systematic Macro Trend ("SMarT") Fund Class I | RWSIX           |
| C000195033 | Redwood Systematic Macro Trend ("SMarT") Fund Class N | RWSNX           |

## 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:** Redwood Systematic Macro Trend Fund

- **b. EDGAR series identifier (if any):** S000059551

- **c. LEI of Series:** 549300F1Q0765F384F04

**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:** $130343062.23

**Total Liabilities:** $314271.69

**Net Assets:** $130028790.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195032 | 4.75%                | 0.80%                | -1.15%               |
| Class ID C000195033 | 4.70%                | 0.82%                | -1.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $529362.23               | $7304325.35                                |
| Month 2  | $4060822.24              | $-2857173.80                               |
| Month 3  | $854105.81               | $-2338680.59                               |

**Designated Index Information**

- **Index Name:** 75% MSCI ACWI / 25% Bloomberg U.S. Aggregate Bond Index

- **Index Identifier:** 75 MSCI ACWI / 25 Bloom U.S. Agg Bond

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Verizon Communications Inc.               | VERIZON COMMUNIC        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     22620 | NS      | $898918.80    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.     | ALEXANDRIA REAL         | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     12177 | NS      | $708944.94    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                    | SCHWAB INTL SMAL        | CUSIP: 808524888<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |    375710 | NS      | $17027177.20  | 13.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                             | CHEVRON CORP            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6232 | NS      | $982911.04    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                         | OMNICOM GROUP           | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     12796 | NS      | $959955.92    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds | VANGUARD-FTSE AW        | CUSIP: 922042718<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |    118577 | NS      | $16880621.72  | 12.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                               | PHILLIPS 66             | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      7559 | NS      | $1029082.26   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                        | MOSAIC CO/THE           | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     27555 | NS      | $756384.75    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company              | BRISTOL-MYER SQB        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     17649 | NS      | $813089.43    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                 | APA CORP                | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     43113 | NS      | $976509.45    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                               | VIATRIS INC             | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     95051 | NS      | $984728.36    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated         | MICROCHIP TECH          | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     15345 | NS      | $957834.90    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                   | BXP INC                 | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     13857 | NS      | $986479.83    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                 | HEALTHPEAK PROPE        | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     55900 | NS      | $1003405.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                          | GENUINE PARTS CO        | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      7191 | NS      | $915486.21    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                              | US BANK MMDA - USBGFS 9 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    242425 | PA      | $242425.33    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                   | INTL PAPER CO           | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     18410 | NS      | $711362.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.     | IBM                     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      4117 | NS      | $1265606.97   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-On Incorporated                      | SNAP-ON INC             | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      3075 | NS      | $1031816.25   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                         | EVERSOURCE ENERG        | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     15544 | NS      | $1147302.64   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Multistate                         | NVN-CA H/Y-I            | CUSIP: 67065N555<br>LEI: 549300IEL53UNMUSWW03 | Long             | EC               | RF                | US        |     11500 | NS      | $90276.73     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Campbells Co.                         | THE CAMPBELL'S C        | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     29179 | NS      | $879163.27    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                         | FIRSTENERGY CORP        | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     22834 | NS      | $1046482.22   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                               | PAYCHEX INC             | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      5983 | NS      | $700190.49    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                  | SKYWORKS SOLUTIO        | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     13353 | NS      | $1037795.16   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.               | UNITED PARCEL-B         | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      9487 | NS      | $914736.54    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                  | AT&T INC                | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     34174 | NS      | $845806.50    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                        | FORD MOTOR CO           | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     84905 | NS      | $1114802.65   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation               | LOCKHEED MARTIN         | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1832 | NS      | $901124.16    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                   | DOW INC                 | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     33840 | NS      | $807084.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                    | HP INC                  | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     35398 | NS      | $979462.66    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | ISHARES MSCI EAF        | CUSIP: 464287465<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    334061 | NS      | $31565423.89  | 24.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                      | EDISON INTL             | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     14429 | NS      | $799078.02    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                       | GENERAL MILLS IN        | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     20460 | NS      | $953640.60    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc.                          | BEST BUY CO INC         | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     13493 | NS      | $1108315.02   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                       | KRAFT HEINZ CO/T        | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     30356 | NS      | $750703.88    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                      | PPG INDS INC            | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      8293 | NS      | $810640.75    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                           | LKQ CORP                | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     25697 | NS      | $821276.12    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                       | DOMINION ENERGY         | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     16639 | NS      | $976542.91    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                               | PFIZER INC              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     40235 | NS      | $991792.75    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SPY US 03/31/26 P500    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2000 | NC      | $588000.00    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| AES Corp.                                 | AES CORP                | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     74090 | NS      | $1027628.30   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                        | ALTRIA GROUP INC        | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     14969 | NS      | $843952.22    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                           | CVS HEALTH CORP         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     13798 | NS      | $1078313.70   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                       | VICI PROPERTIES         | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     24576 | NS      | $737034.24    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INVESTOR TAX-EXE            | GS-GOVT-ADM             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    228257 | PA      | $228257.24    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                    | TEXAS INSTRUMENT        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      4942 | NS      | $797935.32    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                 | REALTY INCOME           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     17106 | NS      | $991805.88    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                | HASBRO INC              | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     12335 | NS      | $941283.85    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                | ONEOK INC               | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     10902 | NS      | $730434.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal                          | NVN-H/Y MUN-I           | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |      6768 | NS      | $97871.87     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.              | STANLEY BLACK &         | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     13391 | NS      | $906838.52    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| The Interpublic Group of Companies, Inc.  | INTERPUBLIC GRP         | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     37360 | NS      | $958657.60    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Private Real Estate Debt Fund     | RDWD-R/E INC-I          | CUSIP: 758067102<br>LEI: 549300XIZ6J0ZXQMTV96 | Long             | EC               | RF                | US        |    706717 | NS      | $17724471.01  | 13.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Company                  | EASTMAN CHEMICAL        | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     11864 | NS      | $706145.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                        | CONAGRA BRANDS I        | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     43682 | NS      | $750893.58    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                       | KINDER MORGAN IN        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     34087 | NS      | $892738.53    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                          | MERCK & CO              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     11942 | NS      | $1026773.16   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                       | COMCAST CORP-A          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     26766 | NS      | $745031.61    | 0.57%             |  |  |  | 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