# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-004353
**Filing Date:** 2026-3
**Character Count:** 39390
**Document Hash:** bb0a0d051c247c79d99c52b2df0790bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004353.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000910472-26-004353

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**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:** 26808822

**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

### Conductor Global Equity Value ETF (Series ID: S000074951)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000233407 | Conductor Global Equity Value ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.4%** |  |
|  | **APPAREL & TEXTILE PRODUCTS - 1.6%** |  |
| 32506 | Youngone Corporation | &nbsp;&nbsp;&nbsp; $2039011 |
|  | **ASSET MANAGEMENT - 3.2%** |  |
| 496192 | Ashmore Group PLC | &nbsp;&nbsp;&nbsp; 1609870 |
| 34005 | DWS Group GmbH & Company KGaA | &nbsp;&nbsp;&nbsp; 2490925 |
|  |  | &nbsp;&nbsp; 4100795 |
|  | **AUTOMOTIVE - 7.2%** |  |
| 51600 | Exedy Corporation | &nbsp;&nbsp;&nbsp; 1901463 |
| 76000 | FCC Company Ltd. | &nbsp;&nbsp;&nbsp; 1850243 |
| 2016000 | Nexteer Automotive Group Ltd | &nbsp;&nbsp;&nbsp; 1719837 |
| 56600 | Stanley Electric Company Ltd. | &nbsp;&nbsp;&nbsp; 1115018 |
| 72400 | Tokai Rika Company Ltd. | &nbsp;&nbsp;&nbsp; 1467427 |
| 75900 | Toyota Boshoku Corporation | &nbsp;&nbsp;&nbsp; 1274491 |
|  |  | &nbsp;&nbsp; 9328479 |
|  | **BIOTECH & PHARMA - 3.5%** |  |
| 7250 | Biogen, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1304203 |
| 1035000 | China Medical System Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1856530 |
| 93100 | Ono Pharmaceutical Company Ltd. | &nbsp;&nbsp;&nbsp; 1387019 |
|  |  | &nbsp;&nbsp; 4547752 |
|  | **CHEMICALS - 5.0%** |  |
| 36300 | LOTTE Fine Chemical Company Ltd. | &nbsp;&nbsp;&nbsp; 1184560 |
| 40600 | Sanyo Chemical Industries Ltd. | &nbsp;&nbsp;&nbsp; 1450446 |
| 8115 | Soulbrain Company Ltd. | &nbsp;&nbsp;&nbsp; 2704392 |
| 2535975 | TOA Paint Thailand PCL | &nbsp;&nbsp;&nbsp; 1166133 |
|  |  | &nbsp;&nbsp; 6505531 |
|  | **CONSTRUCTION MATERIALS - 0.9%** |  |
| 3042000 | Indocement Tunggal Prakarsa Tbk P.T. | &nbsp;&nbsp;&nbsp; 1206795 |
|  | **CONTAINERS & PACKAGING - 1.4%** |  |
| 105019 | Transcontinental, Inc., Class A | &nbsp;&nbsp;&nbsp; 1781643 |
|  | **ELECTRIC & GAS MARKETING & TRADING - 1.1%** |  |
| 572500 | Centrica PLC | &nbsp;&nbsp;&nbsp; 1499091 |

---

---

| | | |
|:---|:---|:---|
| **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.4% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 1.2%** |  |
| 159290 | CPFL Energia S.A. | &nbsp;&nbsp;&nbsp; $1549019 |
|  | **ELECTRICAL EQUIPMENT - 1.3%** |  |
| 121100 | Anritsu Corporation | &nbsp;&nbsp;&nbsp; 1678058 |
|  | **ENGINEERING & CONSTRUCTION - 8.7%** |  |
| 3116000 | Greentown Management Holdings Company Ltd. | &nbsp;&nbsp;&nbsp; 1311541 |
| 128800 | Kandenko Company Ltd. | &nbsp;&nbsp;&nbsp; 4637048 |
| 73400 | MIRAIT ONE Corporation | &nbsp;&nbsp;&nbsp; 1761274 |
| 64632 | Skanska A.B., Class B | &nbsp;&nbsp;&nbsp; 1962893 |
| 4907700 | Synergy Grid & Development Phils, Inc. | &nbsp;&nbsp;&nbsp; 1594815 |
|  |  | &nbsp;&nbsp; 11267571 |
|  | **ENTERTAINMENT CONTENT - 0.9%** |  |
| 7600 | NCSoft Corporation | &nbsp;&nbsp;&nbsp; 1227364 |
|  | **FOOD - 6.5%** |  |
| 2526000 | Astra Agro Lestari Tbk P.T. | &nbsp;&nbsp;&nbsp; 1111920 |
| 964178 | First Resources Ltd. | &nbsp;&nbsp;&nbsp; 1621641 |
| 732000 | Health & Happiness H&H International Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1433027 |
| 131860 | JBS N.V. - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2074202 |
| 1834500 | WH Group Ltd. | &nbsp;&nbsp;&nbsp; 2164868 |
|  |  | &nbsp;&nbsp; 8405658 |
|  | **HEALTH CARE FACILITIES & SERVICES - 0.9%** |  |
| 15812 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 1178310 |
|  | **HOME & OFFICE PRODUCTS - 1.9%** |  |
| 4538000 | JS Global Lifestyle Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1040910 |
| 236500 | Kokuyo Company Ltd. | &nbsp;&nbsp;&nbsp; 1385625 |
|  |  | &nbsp;&nbsp; 2426535 |
|  | **LEISURE PRODUCTS - 0.8%** |  |
| 238566 | Dometic Group A.B. | &nbsp;&nbsp;&nbsp; 1026683 |
|  | **MACHINERY - 3.9%** |  |
| 30400 | Doosan Bobcat, Inc. | &nbsp;&nbsp;&nbsp; 1229080 |

---

---

| | | |
|:---|:---|:---|
| **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.4% (Continued)** |  |
|  | **MACHINERY - 3.9% (Continued)** |  |
| 5656000 | Lonking Holdings Ltd. | &nbsp;&nbsp;&nbsp; $2320051 |
| 87400 | OSG Corporation | &nbsp;&nbsp;&nbsp; 1475875 |
|  |  | &nbsp;&nbsp; 5025006 |
|  | **METALS & MINING - 11.8%** |  |
| 11048400 | Aneka Tambang Tbk | &nbsp;&nbsp;&nbsp; 2718971 |
| 104520 | DPM Metals, Inc. | &nbsp;&nbsp;&nbsp; 3646912 |
| 697600 | Perseus Mining Ltd. | &nbsp;&nbsp;&nbsp; 2687101 |
| 72161 | Torex Gold Resources, Inc. | &nbsp;&nbsp;&nbsp; 3473361 |
| 30742 | Valterra Platinum Limited | &nbsp;&nbsp;&nbsp; 2762018 |
|  |  | &nbsp;&nbsp; 15288363 |
|  | **OIL & GAS PRODUCERS - 6.0%** |  |
| 49800 | APA Corporation | &nbsp;&nbsp;&nbsp; 1315218 |
| 5156000 | Dana Gas PJSC | &nbsp;&nbsp;&nbsp; 1311550 |
| 672500 | Ithaca Energy PLC | &nbsp;&nbsp;&nbsp; 1698460 |
| 46000 | Paramount Resources Ltd. | &nbsp;&nbsp;&nbsp; 867548 |
| 2914789 | PTT Oil & Retail Business PCL | &nbsp;&nbsp;&nbsp; 1251955 |
| 6237600 | Star Petroleum Refining PCL | &nbsp;&nbsp;&nbsp; 1338705 |
|  |  | &nbsp;&nbsp; 7783436 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 2.4%** |  |
| 220000 | RPC, Inc. | &nbsp;&nbsp;&nbsp; 1463000 |
| 11400 | Viridien<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1725365 |
|  |  | &nbsp;&nbsp; 3188365 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 2.3%** |  |
| 113200 | Japan Wool Textile Company Ltd. (The) | &nbsp;&nbsp;&nbsp; 1364177 |
| 1072000 | Sino Land Company Ltd. | &nbsp;&nbsp;&nbsp; 1613251 |
|  |  | &nbsp;&nbsp; 2977428 |
|  | **REAL ESTATE SERVICES - 0.9%** |  |
| 267200 | Poly Property Services Company Ltd. | &nbsp;&nbsp;&nbsp; 1160106 |
|  | **RETAIL - CONSUMER STAPLES - 2.9%** |  |
| 82500 | Life Corporation | &nbsp;&nbsp;&nbsp; 1361601 |
| 1846600 | Puregold Price Club, Inc. | &nbsp;&nbsp;&nbsp; 1118570 |
| 79810 | Tsuruha Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1271738 |
|  |  | &nbsp;&nbsp; 3751909 |

---

---

| | | |
|:---|:---|:---|
| **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.4% (Continued)** |  |
|  | **RETAIL - DISCRETIONARY - 0.8%** |  |
| 2717000 | Topsports International Holdings Ltd. | &nbsp;&nbsp;&nbsp; $985082 |
|  | **SEMICONDUCTORS - 1.1%** |  |
| 49300 | Cohu, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1407022 |
|  | **SOFTWARE - 1.2%** |  |
| 51100 | Justsystems Corporation | &nbsp;&nbsp;&nbsp; 1578295 |
|  | **SPECIALTY FINANCE - 1.0%** |  |
| 18300 | Bread Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1327482 |
|  | **STEEL - 2.1%** |  |
| 33700 | Aperam S.A. | &nbsp;&nbsp;&nbsp; 1450803 |
| 132000 | Maruichi Steel Tube Ltd. | &nbsp;&nbsp;&nbsp; 1307955 |
|  |  | &nbsp;&nbsp; 2758758 |
|  | **TECHNOLOGY HARDWARE - 2.9%** |  |
| 7415 | LG Innotek Company Ltd. | &nbsp;&nbsp;&nbsp; 1250366 |
| 132800 | Mabuchi Motor Company Ltd. | &nbsp;&nbsp;&nbsp; 1247494 |
| 162700 | VTech Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1267015 |
|  |  | &nbsp;&nbsp; 3764875 |
|  | **TECHNOLOGY SERVICES - 3.2%** |  |
| 9900 | Samsung SDS Company Ltd. | &nbsp;&nbsp;&nbsp; 1178917 |
| 460976 | Serco Group PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1892730 |
| 51952 | TietoEVRY OYJ<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1128340 |
|  |  | &nbsp;&nbsp; 4199987 |
|  | **TELECOMMUNICATIONS - 1.3%** |  |
| 180184 | Vodacom Group Ltd. | &nbsp;&nbsp;&nbsp; 1662027 |
|  | **TOBACCO & CANNABIS - 2.0%** |  |
| 1288800 | Gudang Garam Tbk P.T. | &nbsp;&nbsp;&nbsp; 1201756 |
| 28025000 | Hanjaya Mandala Sampoerna Tbk P.T. | &nbsp;&nbsp;&nbsp; 1367246 |
|  |  | &nbsp;&nbsp; 2569002 |
|  | **TRANSPORTATION & LOGISTICS - 2.3%** |  |
| 98700 | DHT Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1414371 |

---

---

| | | |
|:---|:---|:---|
| **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** | **CONDUCTOR GLOBAL EQUITY VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.4% (Continued)** |  |
|  | **TRANSPORTATION & LOGISTICS - 2.3% (Continued)** |  |
| 102900 | Promotora y Operadora de Infraestructura S.A.B. de C.V. | &nbsp;&nbsp;&nbsp; $1610665 |
|  |  | &nbsp;&nbsp; 3025036 |
|  | **WHOLESALE - CONSUMER STAPLES - 2.2%** |  |
| 12500 | Bunge Global S.A. | &nbsp;&nbsp;&nbsp; 1423500 |
| 33100 | Kato Sangyo Company Ltd. | &nbsp;&nbsp;&nbsp; 1393194 |
|  |  | &nbsp;&nbsp; 2816694 |
|  | **TOTAL COMMON STOCKS (Cost $86,176,857)** | &nbsp;&nbsp; 125037168 |
|  | **TOTAL INVESTMENTS - 96.4% (Cost $86,176,857)** | &nbsp;&nbsp;&nbsp; $125037168 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 3.6%** | &nbsp;&nbsp; 4670687 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $129707855 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| Ltd. | - Limited Company |
| NV | - Naamioze Vennootschap |
| OYJ | - Julkinen osakeyhtiö |
| PJSC | - Public Joint-Stock Company |
| PLC | - Public Limited Company |
| PT | - Perseroan Terbatas |
| S/A | - Société Anonyme |

---

<sup>(a)</sup> Non-income producing security.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Conductor Global Equity Value ETF

- **b. EDGAR series identifier (if any):** S000074951

- **c. LEI of Series:** 549300SM234SHZO4HN34

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $130703155.94

**Total Liabilities:** $995300.82

**Net Assets:** $129707855.12

**Cash Not Reported:** $113826.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233407 | 2.57%                | 1.72%                | 7.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2286662.27              | $583889.53                                 |
| Month 2  | $2440568.16              | $-433768.19                                |
| Month 3  | $1113066.25              | $8164610.52                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bread Financial Holdings Inc                         | BREAD FINANCIAL           | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     18300 | NS      | $1327482.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                            | APA CORP                  | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     49800 | NS      | $1315218.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Serco Group PLC                                      | SERCO GROUP               | CUSIP: G80400107<br>LEI: 549300PT2CIHYN5GWJ21 | Long             | EC               | CORP              | GB        |    460976 | NS      | $1892729.70   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Biogen Inc                                           | BIOGEN INC                | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      7250 | NS      | $1304202.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                      | CVS HEALTH CORP           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     15812 | NS      | $1178310.24   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                             | COHU INC                  | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     49300 | NS      | $1407022.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcontinental Inc.                                | TRANSCONTINENT-A          | CUSIP: 893578104<br>LEI: 549300C86G4JLR01YF53 | Long             | EC               | CORP              | CA        |    105019 | NS      | $1781643.25   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Promotora y Operadora de Infraestructura SA          | PROMOTORA Y OPER          | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |    102900 | NS      | $1610665.03   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tietoevry Oyj                                        | TIETOEVRY OYJ             | CUSIP: Y8T39G104<br>LEI: 549300EW2KM4KROKQV31 | Long             | EC               | CORP              | FI        |     51952 | NS      | $1128340.45   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Anritsu Corp.                                        | ANRITSU CORP              | CUSIP: J01554104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    121100 | NS      | $1678057.60   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Aneka Tambang Tbk                                    | ANEKA TAMBANG TB          | CUSIP: Y7116R158<br>LEI: 529900LRE2NALSSHMB80 | Long             | EC               | CORP              | ID        |  11048400 | NS      | $2718970.65   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| JustSystems Corp.                                    | JUSTSYSTEMS CORP          | CUSIP: J28783108<br>LEI: 5299006DS4ZV570NR192 | Long             | EC               | CORP              | JP        |     51100 | NS      | $1578294.75   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra Agro Lestari TBK                               | ASTRA AGRO LEST           | CUSIP: Y7116Q119<br>LEI: 529900XU6T7VIQ56SN17 | Long             | EC               | CORP              | ID        |   2526000 | NS      | $1111920.27   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Synergy Grid & Development Phils Inc.                | SYNERGY GRID & D          | CUSIP: Y8321B103<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   4907700 | NS      | $1594814.50   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Exedy Corp                                           | EXEDY CORP                | CUSIP: J1326T101<br>LEI: 35380047PHY08BBD5M18 | Long             | EC               | CORP              | JP        |     51600 | NS      | $1901463.89   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| NCsoft Corp.                                         | NCSOFT CORP               | CUSIP: Y6258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7600 | NS      | $1227363.96   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| FCC Co Ltd                                           | FCC CO LTD                | CUSIP: J1346G105<br>LEI: 529900JG0O5C2NAEHF11 | Long             | EC               | CORP              | JP        |     76000 | NS      | $1850243.10   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Gudang Garam Tbk PT                                  | GUDANG GARAM TBK          | CUSIP: Y7121F165<br>LEI: 5299005TDQ8UGGR3AM31 | Long             | EC               | CORP              | ID        |   1288800 | NS      | $1201755.67   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanjaya Mandala Sampoerna (Pt)                       | HM SAMPOERNA TBK          | CUSIP: Y7121Z146<br>LEI: 549300ZA00UQ3CN51060 | Long             | EC               | CORP              | ID        |  28025000 | NS      | $1367246.14   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Indocement Tunggal Prakarsa PT                       | Indocement Tunggal Prakar | CUSIP: Y7127B135<br>LEI: 529900U7IH8JW3FMGM30 | Long             | EC               | CORP              | ID        |   3042000 | NS      | $1206794.67   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Wool Textile co ltd                            | JAPAN WOOL TEXT           | CUSIP: J27953108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    113200 | NS      | $1364177.43   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kandenko Co Ltd                                      | KANDENKO CO LTD           | CUSIP: J29653102<br>LEI: 35380080NSN7GCYZ3X14 | Long             | EC               | CORP              | JP        |    128800 | NS      | $4637048.49   | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Kato Sangyo Co                                       | KATO SANGYO CO            | CUSIP: J3104N108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33100 | NS      | $1393193.78   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotte Fine Chemical Co Ltd                           | LOTTE FINE CHEMICAL CO LT | CUSIP: Y7472W106<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     36300 | NS      | $1184559.89   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Kokuyo Co Ltd                                        | KOKUYO                    | CUSIP: J35544105<br>LEI: 3538001EN1YX65H42410 | Long             | EC               | CORP              | JP        |    236500 | NS      | $1385625.21   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Corporation                                     | LIFE CORP                 | CUSIP: J38828109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     82500 | NS      | $1361600.84   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mabuchi Motor Co., Ltd.                              | MABUCHI MOTOR             | CUSIP: J39186101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    132800 | NS      | $1247493.92   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruichi Steel Tube Ltd.                             | MARUICHI STL TUB          | CUSIP: J40046104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    132000 | NS      | $1307954.83   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OSG Corporation                                      | OSG CORP                  | CUSIP: J63137103<br>LEI: 353800IWJAOVAFO6X450 | Long             | EC               | CORP              | JP        |     87400 | NS      | $1475874.87   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ONO Pharmaceutical Co Ltd                            | ONO PHARMA                | CUSIP: J61546115<br>LEI: 529900G26L4NG4GFJZ86 | Long             | EC               | CORP              | JP        |     93100 | NS      | $1387018.91   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Valterra Platinum Ltd.                               | VALTERRA PLATINU          | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     30742 | NS      | $2762017.91   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanyo Chemical Industries Ltd.                       | SANYO CHEMICAL            | CUSIP: J68682103<br>LEI: 529900STCFY6RXOR2I79 | Long             | EC               | CORP              | JP        |     40600 | NS      | $1450445.53   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Land Co Ltd.                                    | SINO LAND                 | CUSIP: Y80267126<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |   1072000 | NS      | $1613250.39   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Electric Co Ltd                              | STANLEY ELEC CO           | CUSIP: J76637115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     56600 | NS      | $1115017.78   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokai Rika Co Ltd                                    | TOKAI RIKA                | CUSIP: J85968105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     72400 | NS      | $1467426.55   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Boshoku Corp.                                 | TOYOTA BOSHOKU            | CUSIP: J91214106<br>LEI: 529900KS87U6EY7PWG26 | Long             | EC               | CORP              | JP        |     75900 | NS      | $1274490.97   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| VTech Holdings Ltd.                                  | VTECH HLDGS LTD           | CUSIP: G9400S132<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    162700 | NS      | $1267015.15   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                           | SKANSKA AB-B              | CUSIP: W83567110<br>LEI: 549300UINV5RINHGMG07 | Long             | EC               | CORP              | SE        |     64632 | NS      | $1962893.28   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| RPC Inc                                              | RPC INC                   | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |    220000 | NS      | $1463000.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd.                                  | PERSEUS MINING            | CUSIP: Q74174105<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |    697600 | NS      | $2687100.88   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                      | CPFL ENERGIA SA           | CUSIP: P3179C105<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |    159290 | NS      | $1549018.71   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrica PLC                                         | CENTRICA PLC              | CUSIP: G2018Z143<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    572500 | NS      | $1499091.27   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Paramount Resources Limited                          | PARAMOUNT RES -A          | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |     46000 | NS      | $867548.45    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsuruha Holdings Inc.                                | TSURUHA HOLDINGS          | CUSIP: J9348C105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     79810 | NS      | $1271738.24   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonking Holdings Limited                             | LONKING                   | CUSIP: G5636C107<br>LEI: 5299004M92ACMGS3QI84 | Long             | EC               | CORP              | KY        |   5656000 | NS      | $2320051.36   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Dana Gas PJSC                                        | DANA GAS                  | CUSIP: M27014105<br>LEI: 254900RDMPHWDEJBUW56 | Long             | EC               | CORP              | AE        |   5156000 | NS      | $1311550.22   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashmore Group                                        | ASHMORE GROUP PL          | CUSIP: G0609C101<br>LEI: 549300U3L59WB4YI2X12 | Long             | EC               | CORP              | GB        |    496192 | NS      | $1609869.79   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| First Resources Ltd.                                 | FIRST RESOURCES           | CUSIP: Y2560F107<br>LEI: 5493007RRD817HUP4O49 | Long             | EC               | CORP              | SG        |    964178 | NS      | $1621640.99   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Innotek Co Ltd.                                   | LG INNOTEK CO LT          | CUSIP: Y5S54X104<br>LEI: 988400KTHH2LMUX7EB48 | Long             | EC               | CORP              | KR        |      7415 | NS      | $1250366.30   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Aperam SA                                            | APERAM                    | CUSIP: L0187K107<br>LEI: 5493001136GE6L4R7M63 | Long             | EC               | CORP              | LU        |     33700 | NS      | $1450803.26   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Youngone Corp.                                       | YOUNGONE CORP             | CUSIP: Y9857Q100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     32506 | NS      | $2039010.85   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirait One Corporation                               | MIRAIT ONE CORP           | CUSIP: J4307G106<br>LEI: 353800RI3EZVEIDAEL62 | Long             | EC               | CORP              | JP        |     73400 | NS      | $1761273.96   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Limited                                | VODACOM GROUP             | CUSIP: S9453B108<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |    180184 | NS      | $1662026.92   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| China Medical System Holdings Limited                | CHINA MEDICAL SY          | CUSIP: G21108124<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | KY        |   1035000 | NS      | $1856530.46   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Puregold Price Club Inc.                             | PUREGOLD PRICE C          | CUSIP: Y71617107<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   1846600 | NS      | $1118569.83   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                                    | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   3801603 | PA      | $3801603.14   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexteer Automotive Group Ltd.                        | NEXTEER                   | CUSIP: G6501M105<br>LEI: 529900O9GGNBKMJ9UO48 | Long             | EC               | CORP              | KY        |   2016000 | NS      | $1719836.52   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Torex Gold Resources Inc                             | TOREX GOLD RESOU          | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     72161 | NS      | $3473360.56   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Star Petroleum Refining Public Limited Company       | STAR PETROLEUM REFINING   | CUSIP: Y8162W109<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   6237600 | NS      | $1338705.01   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Toa Paint Thailand Pcl-For                           | TOA PAINT T-FRGN          | CUSIP: Y88495125<br>LEI: 254900E35GTJZH95L596 | Long             | EC               | CORP              | TH        |   2535975 | NS      | $1166133.02   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Health & Happiness (H&H) International Holdings Ltd. | HEALTH AND HAPPI          | CUSIP: G4387E107<br>LEI: 2138007WU5DJFZFDDV59 | Long             | EC               | CORP              | KY        |    732000 | NS      | $1433026.69   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS Group Gmbh & Co KgaA                             | DWS GROUP GMBH &          | CUSIP: D23390103<br>LEI: 529900VM3464806ERS69 | Long             | EC               | CORP              | DE        |     34005 | NS      | $2490924.96   | 1.92%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Poly Property Services Co Ltd.                       | POLY PROPERTY-H           | CUSIP: Y6S9JU104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    267200 | NS      | $1160106.34   | 0.89%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Topsports International Holdings Ltd.                | TOPSPORTS INTERN          | CUSIP: G8924B104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   2717000 | NS      | $985081.87    | 0.76%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JS Global Lifestyle Co Ltd.                          | JS GLOBAL LIFEST          | CUSIP: G2S85A104<br>LEI: 254900YP54EOBADL7333 | Long             | EC               | CORP              | KY        |   4538000 | NS      | $1040910.02   | 0.80%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Soulbrain Co Ltd.                                    | SOULBRAIN CO LTD          | CUSIP: Y8076W120<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8115 | NS      | $2704392.40   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Greentown Management Holdings Company Limited        | GREENTOWN MANAGE          | CUSIP: G4102M103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   3116000 | NS      | $1311541.49   | 1.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WH Group Ltd.                                        | WH GROUP LTD              | CUSIP: G96007102<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |   1834500 | NS      | $2164869.02   | 1.67%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PTT Oil And Retail Business Public Company Limited   | PTT OIL & RETAIL          | CUSIP: Y7150Z116<br>LEI: 254900E86F1OANU6B371 | Long             | EC               | CORP              | TH        |   2914789 | NS      | $1251954.72   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals Inc.                                      | DPM METALS INC            | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    104520 | NS      | $3646912.30   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ithaca Energy PLC                                    | ITHACA ENERGY PL          | CUSIP: G49776100<br>LEI: 21380057TNFLXPXBIP34 | Long             | EC               | CORP              | GB        |    672500 | NS      | $1698459.80   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Viridien SA                                          | VIRIDIEN                  | CUSIP: F1704T487<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | EC               | CORP              | FR        |     11400 | NS      | $1725364.65   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Sds Co Ltd                                   | SAMSUNG SDS CO            | CUSIP: Y7T72C103<br>LEI: 988400G19T2TB4CAWX91 | Long             | EC               | CORP              | KR        |      9900 | NS      | $1178916.52   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS NV                                               | JBS NV                    | CUSIP: N4731Y108<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |    131860 | NS      | $2074202.25   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dometic Group AB                                     | DOMETIC GROUP AB          | CUSIP: W2R936106<br>LEI: 549300STIPMK5VSA7Y59 | Long             | EC               | CORP              | SE        |    238566 | NS      | $1026683.42   | 0.79%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Doosan Bobcat Inc                                    | DOOSAN BOBCAT IN          | CUSIP: Y2103B100<br>LEI: 9884007K6X0Q0112FX44 | Long             | EC               | CORP              | KR        |     30400 | NS      | $1229079.80   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Global SA                                      | BUNGE GLOBAL SA           | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     12500 | NS      | $1423500.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT Holdings Inc.                                    | DHT HOLDINGS INC          | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |     98700 | NS      | $1414371.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer