# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-162692
**Filing Date:** 2025-6
**Character Count:** 31878
**Document Hash:** 081bcbbf90fdf9bf94ed5f6edf94b0cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162692.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162692

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**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:** 251089677

**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 |  |

## 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:** 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:** $109099650.38

**Total Liabilities:** $1728299.11

**Net Assets:** $107371351.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233407 | -0.40%               | 0.34%                | 2.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-983746.58              | $-5414.30                                  |
| Month 2  | $-813637.74              | $712263.91                                 |
| Month 3  | $-1865736.39             | $4348861.67                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CVS Health Corp                                                    | CVS HEALTH CORP           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     16100 | NS      | $1074031.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire Ltd                                                         | EMPIRE CO LTD A           | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     39698 | NS      | $1474530.88   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcontinental Inc.                                              | Transcontinental Inc      | CUSIP: 893578104<br>LEI: 549300C86G4JLR01YF53 | Long             | EC               | CORP              | CA        |    106933 | NS      | $1458427.63   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Promotora y Operadora de Infraestructura SA                        | PROMOTORA Y OPER          | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |    104778 | NS      | $1172428.32   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC                                                 | Burberry Group PLC        | CUSIP: G1700D105<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |     83188 | NS      | $810221.01    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| ITV PLC                                                            | ITV PLC                   | CUSIP: G4984A110<br>LEI: ZLECI7ED2QMWFGYCXZ59 | Long             | EC               | CORP              | GB        |   1086700 | NS      | $1171340.04   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Tietoevry Oyj                                                      | TIETO OYJ                 | CUSIP: Y8T39G104<br>LEI: 549300EW2KM4KROKQV31 | Long             | EC               | CORP              | FI        |     52900 | NS      | $948489.26    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                       | MATTEL INC                | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     50600 | NS      | $804034.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson (publ)                             | ERICSSON LM-B             | CUSIP: W26049119<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    175625 | NS      | $1483697.05   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropole Television-(M6)                                          | Metropole Television SA   | CUSIP: F62379114<br>LEI: 96950018NOMJX5XRH047 | Long             | EC               | CORP              | FR        |     71100 | NS      | $1118108.61   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Anritsu Corp.                                                      | ANRITSU CORP              | CUSIP: J01554104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    122900 | NS      | $1229076.01   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Aneka Tambang Tbk                                                  | ANEKA TAMBANG TB          | CUSIP: Y7116R158<br>LEI: 529900LRE2NALSSHMB80 | Long             | EC               | CORP              | ID        |  11250000 | NS      | $1470435.91   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| JustSystems Corp.                                                  | JUSTSYSTEMS CORP          | CUSIP: J28783108<br>LEI: 5299006DS4ZV570NR192 | Long             | EC               | CORP              | JP        |     51700 | NS      | $1237845.24   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Conch Cement Co Ltd.                                         | CONCH CEMENT-H            | CUSIP: Y01373102<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |    420380 | NS      | $1184225.29   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co Ltd.                                                      | COWAY CO LTD              | CUSIP: Y1786S109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     28620 | NS      | $1759967.47   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Casio Computer Co Ltd                                              | CASIO COMPUTER            | CUSIP: J05250139<br>LEI: 353800JRMIABSXKHV344 | Long             | EC               | CORP              | JP        |    129400 | NS      | $1012407.67   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| S-1 Corporation                                                    | S-1 CORPORATION           | CUSIP: Y75435100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23600 | NS      | $1050563.50   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyber Agent                                                        | CYBERAGENT INC            | CUSIP: J1046G108<br>LEI: 3538006T5KZABPGS8Q08 | Long             | EC               | CORP              | JP        |    160900 | NS      | $1377886.22   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Exedy Corp                                                         | Exedy Corp                | CUSIP: J1326T101<br>LEI: 35380047PHY08BBD5M18 | Long             | EC               | CORP              | JP        |     52200 | NS      | $1568167.37   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| FCC Co Ltd                                                         | FCC CO LTD                | CUSIP: J1346G105<br>LEI: 529900JG0O5C2NAEHF11 | Long             | EC               | CORP              | JP        |     77200 | NS      | $1584676.85   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| HMM Company Limited                                                | HMM CO LTD                | CUSIP: Y3843P102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     74200 | NS      | $953805.09    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| ICL Group Ltd                                                      | ICL GROUP LTD             | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |    219600 | NS      | $1467113.23   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaken Pharmaceutical Co Ltd.                                       | Kaken Pharmaceutical Co L | CUSIP: J29266103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40400 | NS      | $1150743.37   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Kandenko Co Ltd                                                    | KANDENKO CO LTD           | CUSIP: J29653102<br>LEI: 35380080NSN7GCYZ3X14 | Long             | EC               | CORP              | JP        |    174300 | NS      | $3456527.31   | 3.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Kato Sangyo Co                                                     | KATO SANGYO CO            | CUSIP: J3104N108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33100 | NS      | $1158495.49   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kokuyo Co Ltd                                                      | KOKUYO                    | CUSIP: J35544105<br>LEI: 3538001EN1YX65H42410 | Long             | EC               | CORP              | JP        |     60400 | NS      | $1238258.21   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Corporation                                                   | LIFE CORP                 | CUSIP: J38828109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     83700 | NS      | $1212930.65   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BlueScope Steel (Finance) Ltd / BlueScope Steel Finance (USA) LLC  | BLUESCOPE STEEL           | CUSIP: Q1415L177<br>LEI: 529900H6UQI16XACWC95 | Long             | EC               | CORP              | AU        |     76200 | NS      | $1167158.68   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Sohgo Security Services Co Ltd.                                    | SOHGO SECURITY            | CUSIP: J7607Z104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    171000 | NS      | $1352093.73   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Mabuchi Motor Co., Ltd.                                            | MABUCHI MOTOR CO LTD      | CUSIP: J39186101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     67600 | NS      | $987995.48    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruichi Steel Tube Ltd.                                           | MARUICHI STL TUB          | CUSIP: J40046104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     44600 | NS      | $1054069.16   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co Ltd.                      | SHANDONG WEIG-H           | CUSIP: Y76810103<br>LEI: 5299005WQUU15JQU8S60 | Long             | EC               | CORP              | CN        |   1599000 | NS      | $1176953.04   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co Ltd                                                      | SANKYO CO/                | CUSIP: J67844100<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |    185300 | NS      | $2821553.22   | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimamura Corp                                                     | SHIMAMURA CO              | CUSIP: J72208101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20900 | NS      | $1391248.67   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Electric Co Ltd                                            | Stanley Electric Co Ltd   | CUSIP: J76637115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     57200 | NS      | $1072316.18   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokai Rika Co Ltd                                                  | TOKAI RIKA                | CUSIP: J85968105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     73600 | NS      | $1096629.02   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| VTech Holdings Ltd.                                                | VTECH HLDGS LTD           | CUSIP: G9400S132<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    165100 | NS      | $1109159.55   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DormaKaba Holding AG                                               | DORMAKABA HOLDIN          | CUSIP: H1956E103<br>LEI: 529900QMU5ZH99KMQK13 | Long             | EC               | CORP              | CH        |      2454 | NS      | $2070240.76   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                                         | SKANSKA AB-B              | CUSIP: W83567110<br>LEI: 549300UINV5RINHGMG07 | Long             | EC               | CORP              | SE        |     65808 | NS      | $1529286.92   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Suburban Propane Partners LP / Suburban Energy Finance Corporation | SUBURBAN PROPANE          | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |     62522 | NS      | $1248564.34   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tegna Inc                                                          | TEGNA INC                 | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     58575 | NS      | $950672.25    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Prec Metals                                                 | DUNDEE PRECIOUS           | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    140946 | NS      | $1847677.59   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd.                                                | PERSEUS MINING            | CUSIP: Q74174105<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |    710350 | NS      | $1522486.95   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                                    | CPFL ENERGIA SA           | CUSIP: P3179C105<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |    162200 | NS      | $1088116.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrica PLC                                                       | CENTRICA PLC              | CUSIP: G2018Z143<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    582964 | NS      | $1248254.99   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Paramount Resources Limited                                        | PARAMOUNT RES -A          | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |     46840 | NS      | $531797.77    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonking Holdings Limited                                           | LONKING                   | CUSIP: G5636C107<br>LEI: 5299004M92ACMGS3QI84 | Long             | EC               | CORP              | KY        |   5758000 | NS      | $1449866.10   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Dana Gas PJSC                                                      | DANA GAS                  | CUSIP: M27014105<br>LEI: 254900RDMPHWDEJBUW56 | Long             | EC               | CORP              | AE        |   5250242 | NS      | $1065009.68   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Mixi Inc                                                           | Mixi Inc                  | CUSIP: J45993110<br>LEI: 529900IL3THMH0SFYQ49 | Long             | EC               | CORP              | JP        |     58380 | NS      | $1297730.29   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS SA                                                             | JBS                       | CUSIP: P59695109<br>LEI: 529900RM0MTMZL9O5050 | Long             | EC               | CORP              | BR        |    268530 | NS      | $2074933.57   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunny Optical Technology (Group) Co Ltd.                           | SUNNY OPTICAL             | CUSIP: G8586D109<br>LEI: 3003004QIVP0DFVVWM94 | Long             | EC               | CORP              | KY        |    148200 | NS      | $1246982.23   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Netdragon Websoft Holdings Ltd                                     | NETDRAGON WEBSOF          | CUSIP: G6427W104<br>LEI: 549300OAYL2PBUPUBR89 | Long             | EC               | CORP              | KY        |    706000 | NS      | $900979.08    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Bolsa Mexicana De Valores Sab De Cv                                | BOLSA MEXICANA            | CUSIP: P17330104<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |    559600 | NS      | $1179120.56   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Genomma Lab International S.A.B. de C.V.                           | GENOMMA LAB-B             | CUSIP: P48318102<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   1161240 | NS      | $1357240.44   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Welcia Holdings Co Ltd.                                            | WELCIA HOLDINGS CO LTD    | CUSIP: J9505A108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     70600 | NS      | $1245280.80   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Aperam SA                                                          | APERAM                    | CUSIP: L0187K107<br>LEI: 5493001136GE6L4R7M63 | Long             | EC               | CORP              | LU        |     34312 | NS      | $999216.25    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Youngone Corp.                                                     | YOUNGONE CORP             | CUSIP: Y9857Q100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     33100 | NS      | $1102365.08   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirait One Corporation                                             | MIRAIT ONE CORP           | CUSIP: J4307G106<br>LEI: 353800RI3EZVEIDAEL62 | Long             | EC               | CORP              | JP        |     74600 | NS      | $1173654.25   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Limited                                              | Vodacom Group Ltd         | CUSIP: S9453B108<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |    183472 | NS      | $1357468.70   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| China Medical System Holdings Limited                              | CHINA MEDICAL SYSTEM      | CUSIP: G21108124<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | KY        |   1053000 | NS      | $1123899.68   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Tong Ren Tang Chinese Medic                                | TONGRENTANGCM             | CUSIP: Y0774V108<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    837000 | NS      | $908573.13    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                                                  | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2091799 | PA      | $2091798.81   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexteer Automotive Group Ltd.                                      | Nexteer Automotive Group  | CUSIP: G6501M105<br>LEI: 529900O9GGNBKMJ9UO48 | Long             | EC               | CORP              | KY        |   2052000 | NS      | $1375514.44   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Torex Gold Resources Inc                                           | TOREX GOLD RESOU          | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     73475 | NS      | $2379996.63   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokmanni Group Oyj                                                 | TOKMANNI GROUP C          | CUSIP: X9078R102<br>LEI: 743700VMG6KWF0FW1560 | Long             | EC               | CORP              | FI        |     76100 | NS      | $1201686.04   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Holdings Co Ltd.                                                | SG HOLDINGS CO L          | CUSIP: J7134P108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    100600 | NS      | $1059727.72   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS Group Gmbh & Co KgaA                                           | DWS GROUP GMBH &          | CUSIP: D23390103<br>LEI: 529900VM3464806ERS69 | Long             | EC               | CORP              | DE        |     34623 | NS      | $1824179.89   | 1.70%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Topsports International Holdings Ltd.                              | TOPSPORTS INTERN          | CUSIP: G8924B104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   2245000 | NS      | $892508.55    | 0.83%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Budweiser Brewing Co APAC Ltd.                                     | BUDWEISER BREWIN          | CUSIP: G1674K101<br>LEI: 549300YF1MR4GTF18132 | Long             | EC               | CORP              | KY        |    914900 | NS      | $966700.69    | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JS Global Lifestyle Co Ltd.                                        | JS GLOBAL LIFEST          | CUSIP: G2S85A104<br>LEI: 254900YP54EOBADL7333 | Long             | EC               | CORP              | KY        |   4619000 | NS      | $1071411.80   | 1.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WH Group Ltd.                                                      | WH GROUP LTD              | CUSIP: G96007102<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |   1867500 | NS      | $1669917.03   | 1.56%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Breedon Group PLC                                                  | BREEDON GROUP PL          | CUSIP: G131AN104<br>LEI: 213800DQGNQE3X76WS92 | Long             | EC               | CORP              | GB        |    233179 | NS      | $1341651.77   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                                         | TENARIS SA                | CUSIP: L90272136<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |     57700 | NS      | $962939.93    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Kangji Medical Holdings Ltd.                                       | KANGJI MEDICAL H          | CUSIP: G5215A100<br>LEI: 300300HPVQ4VPUI5AB79 | Long             | EC               | CORP              | KY        |   1288000 | NS      | $1242887.19   | 1.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Schweiter Technologies AG                                          | SCHWEITER TEC             | CUSIP: H73431175<br>LEI: 894500D6OYCP8P8P7317 | Long             | EC               | CORP              | CH        |      2107 | NS      | $971056.05    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| F&F Co Ltd.                                                        | F&F CO LTD / NEW          | CUSIP: Y2R81L105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     21484 | NS      | $1065420.43   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Ithaca Energy PLC                                                  | ITHACA ENERGY PL          | CUSIP: G49776100<br>LEI: 21380057TNFLXPXBIP34 | Long             | EC               | CORP              | GB        |    684788 | NS      | $1215707.02   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Onewo Inc.                                                         | ONEWO INC-H               | CUSIP: Y64411104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    345300 | NS      | $952854.98    | 0.89%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Baic Motor Corp Ltd.                                               | BAIC MOTOR-H              | CUSIP: Y0506H104<br>LEI: 5299003EYHISIDNLZQ19 | Long             | EC               | CORP              | CN        |   3553000 | NS      | $873393.97    | 0.81%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Doosan Bobcat Inc                                                  | DOOSAN BOBCAT INC         | CUSIP: Y2103B100<br>LEI: 9884007K6X0Q0112FX44 | Long             | EC               | CORP              | KR        |     30952 | NS      | $1062830.04   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Bravida Holding AB                                                 | BRAVIDA HOLDING AB        | CUSIP: W2R16Z106<br>LEI: 549300H88IJGPNNL3T61 | Long             | EC               | CORP              | SE        |    121884 | NS      | $1161508.66   | 1.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Genpact Ltd.                                                       | GENPACT LTD               | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     28224 | NS      | $1418538.24   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT Holdings Inc.                                                  | DHT HOLDINGS INC          | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |    100500 | NS      | $1074345.00   | 1.00%             |  |  |  | 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