# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-148243
**Filing Date:** 2025-6
**Character Count:** 34889
**Document Hash:** cb27758052463bad8624e8339d156e42
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-148243.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-148243

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**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:** 251056425

**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

### LeaderSharesTM AlphaFactor(R) US Core Equity ETF (Series ID: S000061956)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000200720 | LeaderSharesTM AlphaFactor(R) US Core Equity ETF |  |

## 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:** Leadershares Alphafactor US Core Equity ETF

- **b. EDGAR series identifier (if any):** S000061956

- **c. LEI of Series:** 5493004EL9ZWSS4W8I04

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $131129798.51

**Total Liabilities:** $79098.40

**Net Assets:** $131050700.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200720 | -3.58%               | -4.79%               | -1.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $137523.64               | $-5553167.64                               |
| Month 2  | $397081.83               | $-7065712.00                               |
| Month 3  | $3243497.54              | $-4729679.78                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADT Inc                                     | ADT INC           | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161198 | NS      | $1292807.96   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Incorporated                          | AFLAC INC         | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     11753 | NS      | $1277316.04   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.             | AFFIL MANAGERS    | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      7775 | NS      | $1287773.25   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc.                       | ALASKA AIR GROUP  | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     26722 | NS      | $1182982.94   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc           | ALLISON TRANSMIS  | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     13720 | NS      | $1265532.80   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.           | AMERICAN INTERNA  | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     15066 | NS      | $1228180.32   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                  | AMERIPRISE FINAN  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2710 | NS      | $1276464.20   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                  | APPLE INC         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      5886 | NS      | $1250775.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                      | APPLIED MATERIAL  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      9064 | NS      | $1366035.44   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                               | ASSURANT INC      | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      6221 | NS      | $1199035.54   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                            | AUTONATION INC    | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8111 | NS      | $1412530.65   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                 | AVNET INC         | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     27158 | NS      | $1276154.42   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.         | BELLRING BRANDS   | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     17541 | NS      | $1353112.74   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc.                            | BEST BUY CO INC   | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     17829 | NS      | $1189016.01   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                               | H&R BLOCK INC     | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     23992 | NS      | $1448397.04   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                        | BOOKING HOLDINGS  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       288 | NS      | $1468592.64   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                     | BOYD GAMING CORP  | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     19833 | NS      | $1371253.62   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc.                  | BRIGHTHOUSE FINA  | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |     22514 | NS      | $1310765.08   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corporation            | BROOKFIELD RENEW  | CUSIP: 11285B108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     46609 | NS      | $1326492.14   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.                  | BUILDERS FIRSTSO  | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     10524 | NS      | $1258986.12   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                     | CARLISLE COS INC  | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      3844 | NS      | $1458721.12   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation                  | CARRIER GLOB      | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     20754 | NS      | $1297955.16   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                             | CATERPILLAR INC   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      3965 | NS      | $1226255.55   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co.                     | COLUMBIA SPORTSW  | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     17255 | NS      | $1072743.35   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                             | CORE & MAIN IN-A  | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27409 | NS      | $1443906.12   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                          | CROWN HOLDINGS I  | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     14680 | NS      | $1414124.40   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                        | CURTISS-WRIGHT    | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      4153 | NS      | $1432328.17   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                           | DR HORTON INC     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     10309 | NS      | $1302439.06   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Davita Inc                                  | DAVITA INC        | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      8564 | NS      | $1212234.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                          | DOMINO'S PIZZA    | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      2860 | NS      | $1402458.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                 | DROPBOX INC-A     | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     49191 | NS      | $1404403.05   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                              | DUTCH BROS INC-A  | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21164 | NS      | $1264337.36   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                          | EOG RESOURCES     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     10056 | NS      | $1109478.48   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                   | EBAY INC          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     19515 | NS      | $1330142.40   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                             | EMCOR GROUP INC   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      3564 | NS      | $1428094.80   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                      | EQUITABLE HOLDIN  | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     25200 | NS      | $1246140.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                              | EXELIXIS INC      | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     35876 | NS      | $1404545.40   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International Of Washington Inc. | EXPEDITORS INTL   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     10849 | NS      | $1192413.59   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                           | EXXON MOBIL CORP  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     10865 | NS      | $1147669.95   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc  | FIDELITY NATIONA  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     17607 | NS      | $1388840.16   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                                 | FISERV INC        | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      5978 | NS      | $1103359.46   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corporation                         | FORTIVE CORP      | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     18040 | NS      | $1257207.60   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                      | GENERAL MOTORS C  | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     27734 | NS      | $1254686.16   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                   | GOLDMAN SACHS GP  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2401 | NS      | $1314667.55   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                  | GRAND CANYON EDU  | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      7556 | NS      | $1347763.72   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.           | HARTFORD INSURAN  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     10546 | NS      | $1293677.82   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                                    | HEALTHCARE REALT  | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |     76883 | NS      | $1193992.99   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc               | HILTON WORLDWIDE  | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      5783 | NS      | $1303950.84   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corporation                    | HYATT HOTELS-A    | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     10758 | NS      | $1212211.44   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                   | JABIL INC         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      9664 | NS      | $1416355.84   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc               | JEFFERIES FINANC  | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     24792 | NS      | $1158530.16   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                   | KLA CORP          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1954 | NS      | $1373056.26   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                              | KROGER CO         | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     19168 | NS      | $1384121.28   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                         | LEIDOS HOLDINGS   | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      9664 | NS      | $1422347.52   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                | LENNAR CORP-A     | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     11435 | NS      | $1241955.35   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                           | LOEWS CORP        | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     14239 | NS      | $1236372.37   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                       | LOWE'S COS INC    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      5621 | NS      | $1256630.76   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                       | MGIC INVT CORP    | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     52902 | NS      | $1317788.82   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                | MARRIOTT INTL-A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      5519 | NS      | $1316723.02   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                           | MASCO CORP        | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     18949 | NS      | $1148498.89   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                | MATTEL INC        | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     67753 | NS      | $1076595.17   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                              | MCKESSON CORP     | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      1950 | NS      | $1389940.50   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                       | MEDPACE HOLDINGS  | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      4402 | NS      | $1357532.78   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Company               | MOLSON COORS-B    | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     21299 | NS      | $1225331.47   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.               | MONOLITHIC POWER  | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      2305 | NS      | $1367095.50   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                             | MURPHY USA INC    | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      2784 | NS      | $1388018.88   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                            | NRG ENERGY        | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     13681 | NS      | $1499163.98   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                     | NVR INC           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       180 | NS      | $1282635.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                         | NEWMONT CORP      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     27046 | NS      | $1424783.28   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation      | OLD REPUB INTL    | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     33168 | NS      | $1247116.80   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                        | PAYPAL HOLDINGS   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     20100 | NS      | $1323384.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                                 | REVVITY INC       | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     12376 | NS      | $1156289.68   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrims Pride Corporation                  | PILGRIM'S PRIDE   | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     23665 | NS      | $1291635.70   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                          | POST HOLDINGS IN  | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     11247 | NS      | $1272822.99   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                             | PULTEGROUP INC    | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12779 | NS      | $1310869.82   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                | RELIANCE INC      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      4592 | NS      | $1323552.16   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                          | RYDER SYSTEM INC  | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      9186 | NS      | $1264636.62   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                              | S&P GLOBAL INC    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2586 | NS      | $1293129.30   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                          | SEI INVESTMENTS   | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     16925 | NS      | $1325058.25   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                   | SLM CORP          | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44780 | NS      | $1294589.80   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                             | SALESFORCE INC    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4891 | NS      | $1314260.61   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                          | LIGHT & WONDER I  | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |     15055 | NS      | $1285395.90   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| SKECHERS USA, Inc.                          | SKECHERS USA-A    | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |     23163 | NS      | $1112287.26   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc                | SPECTRUM BRANDS   | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |     18373 | NS      | $1159336.30   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                        | STEEL DYNAMICS    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     10526 | NS      | $1365327.46   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                             | T-MOBILE US INC   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      4902 | NS      | $1210548.90   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                | TAPESTRY INC      | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     18710 | NS      | $1321861.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                        | TOPBUILD COR      | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      4300 | NS      | $1271768.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                      | TRAVEL + LEISURE  | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     28341 | NS      | $1245020.13   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                  | TWILIO INC - A    | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     13463 | NS      | $1302006.73   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                           | TYSON FOODS-A     | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     20478 | NS      | $1254072.72   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                       | UBER TECHNOLOGIE  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     18085 | NS      | $1465065.85   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                       | US FOODS HOLDING  | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     20104 | NS      | $1320028.64   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.             | UNIVERSAL HLTH-B  | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      6949 | NS      | $1230459.43   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                  | UNUM GROUP        | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     16060 | NS      | $1247219.60   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                              | VERISIGN INC      | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      5183 | NS      | $1462227.96   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                         | VIRTU FINANCIA-A  | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     34414 | NS      | $1347308.10   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                         | VONTIER CORP      | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     39721 | NS      | $1263525.01   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabtec Corp                                 | WABTEC CORP       | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      7211 | NS      | $1332160.14   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                        | WILLIAMS-SONOMA   | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      8287 | NS      | $1280092.89   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                           | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1400977 | PA      | $1400976.97   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer