# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-148238
**Filing Date:** 2025-6
**Character Count:** 9434
**Document Hash:** d631d0e1940bf951b39c9a6aceb35307
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-148238.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-148238

**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:** 251056420

**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 Managed Volatility Fund (Series ID: S000042696)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000131991 | Redwood Managed Volatility Fund Class I | RWDIX           |
| C000131992 | Redwood Managed Volatility Fund Class N | RWDNX           |
| C000131993 | Redwood Managed Volatility Fund Class Y | RWDYX           |

## 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 Managed Volatility Fund

- **b. EDGAR series identifier (if any):** S000042696

- **c. LEI of Series:** 5493004KDV8G1BPN8666

**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:** $212804755.44

**Total Liabilities:** $97867563.04

**Net Assets:** $114937192.40

**Cash Not Reported:** $1205000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131991 | 0.53%                | -0.71%               | -2.07%               |
| Class ID C000131992 | 0.52%                | -0.84%               | -2.11%               |
| Class ID C000131993 | 0.52%                | -0.79%               | -2.04%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $85712.50                | $102496.40                                 |
| Month 2  | $-441899.18              | $-1136417.02                               |
| Month 3  | $1108470.68              | $-4012250.30                               |

**Designated Index Information**

- **Index Name:** U.S. Corporate High Yield

- **Index Identifier:** I00012US-USD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAdvantage Loyalty IP Ltd/ American Airlines Inc | AAL 5 1/2 04/20/26      | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     28389 | PA      | $28241.20     | 0.02%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| American High Income Trust                       | AF-HI INC-F3            | CUSIP: 026547778<br>LEI: WRWMC5QCF7WNXYIQUK76 | Long             | EC               | RF                | US        |   2223169 | NS      | $21431346.35  | 18.65%            |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                        | APA 4 7/8 11/15/27      | CUSIP: 037411BJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $182418.77    | 0.16%             | 2027-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Blackrock Funds V                                | BLR-SF V-BRHY-IS        | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |   3058043 | NS      | $21436884.62  | 18.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                              | GS-HI YLD-INS           | CUSIP: 38141W679<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | EC               | RF                | US        |   2112729 | NS      | $11704518.66  | 10.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Foods Company                        | KHC 6 3/8 07/15/28      | CUSIP: 423074AF0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     74000 | PA      | $78027.25     | 0.07%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Trust Ii                               | JPM-HIGH YLD-I          | CUSIP: 4812C0803<br>LEI: 549300IMXLYKELY96B40 | Long             | EC               | RF                | US        |   3338047 | NS      | $21430261.74  | 18.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Lord Abbett High                                 | LA-HI YLD-I             | CUSIP: 54400N409<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3439686 | NS      | $21394844.86  | 18.61%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Life Investments Funds                  | MNSTY-H/Y BD-I          | CUSIP: 56062X708<br>LEI: 549300SQRLBSUG7RD002 | Long             | EC               | RF                | US        |        30 | NS      | $155.84       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                           | MUR 7.05 05/01/29       | CUSIP: 626717AA0<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    206000 | PA      | $206875.50    | 0.18%             | 2029-05-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Principal Funds Inc                              | PRINC-H/Y-INS           | CUSIP: 74254U481<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |       155 | NS      | $1020.32      | 0.00%             |  |  |  | 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        |    560040 | NS      | $14040199.59  | 12.22%            |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                                     | US BANK MMDA - USBGFS 9 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  98700752 | PA      | $98700752.40  | 85.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Fixed Income Securities Funds           | VANG-H/Y CO-ADM         | CUSIP: 922031760<br>LEI: 549300F3N7VQKU6I4K64 | Long             | EC               | RF                | US        |       187 | NS      | $1012.77      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | INVESCO HI YLD MUNI     | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     13103 | NS      | $-1965.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | NUVEEN HIGH YLD MUNI    | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |      7583 | NS      | $-2502.24     | -0.00%            |  |  |  | No            |                  2 | 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