# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-148240
**Filing Date:** 2025-6
**Character Count:** 22521
**Document Hash:** 01d38790b88aadf306042ac88a3783ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-148240.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-148240

**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:** 251056422

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Redwood Systematic Macro Trend Fund

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

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

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

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

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

**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:** $192726734.49

**Total Liabilities:** $526611.46

**Net Assets:** $192200123.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195032 | -1.97%               | -3.01%               | -8.40%               |
| Class ID C000195033 | -1.93%               | -2.87%               | -8.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-604911.65              | $-4189658.52                               |
| Month 2  | $3504289.26              | $-10613025.98                              |
| Month 3  | $-26398349.96            | $8330808.73                                |

**Designated Index Information**

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

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

### Schedule of Portfolio Investments

| Name                                      | Title                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES Corp.                                 | AES CORP                | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    156705 | NS      | $1567050.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                  | AT&T INC                | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     57395 | NS      | $1589841.50   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                        | ALTRIA GROUP INC        | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     26797 | NS      | $1585042.55   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                 | APA CORP                | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     95764 | NS      | $1488172.56   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                | ARCHER-DANIELS          | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     32399 | NS      | $1547052.25   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc.                          | BEST BUY CO INC         | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     23174 | NS      | $1545474.06   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                   | BXP INC                 | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     23767 | NS      | $1514670.91   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company              | BRISTOL-MYER SQB        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     32918 | NS      | $1652483.60   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                           | CVS HEALTH CORP         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     23864 | NS      | $1591967.44   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                             | CHEVRON CORP            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11286 | NS      | $1535573.16   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                       | CISCO SYSTEMS           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     27698 | NS      | $1599005.54   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                       | COMCAST CORP-A          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     46629 | NS      | $1594711.80   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                        | CONAGRA BRANDS I        | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     64013 | NS      | $1581761.23   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                         | CROWN CASTLE INC        | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     15668 | NS      | $1657047.68   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                       | DOMINION ENERGY         | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     29461 | NS      | $1602089.18   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                   | DOW INC                 | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     52881 | NS      | $1617629.79   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Company                  | EASTMAN CHEMICAL        | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     20084 | NS      | $1546468.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                      | EDISON INTL             | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     27092 | NS      | $1449692.92   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                         | EVERSOURCE ENERG        | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     27012 | NS      | $1606673.76   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                         | EXXON MOBIL CORP        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     14445 | NS      | $1525825.35   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp.                                 | FMC CORP                | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     37672 | NS      | $1579210.24   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                         | FIRSTENERGY CORP        | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     36740 | NS      | $1575411.20   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                        | FORD MOTOR CO           | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    155068 | NS      | $1552230.68   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc.                   | FRANKLIN RES INC        | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     83735 | NS      | $1570868.60   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                       | GENERAL MILLS IN        | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     28012 | NS      | $1589400.88   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                          | GENUINE PARTS CO        | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     13361 | NS      | $1570585.55   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                       | GS-GOVT-ADM             | CUSIP: 38141W265<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |    212845 | PA      | $212845.11    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                    | HP INC                  | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     61806 | NS      | $1580379.42   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                | HASBRO INC              | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     25823 | NS      | $1598443.70   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                 | HEALTHPEAK PROPE        | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     86859 | NS      | $1549564.56   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.       | HUNTINGTON INGAL        | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      6944 | NS      | $1599480.96   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                   | INTL PAPER CO           | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     33057 | NS      | $1510043.76   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| The Interpublic Group of Companies, Inc.  | INTERPUBLIC GRP         | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     63777 | NS      | $1602078.24   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | ISHARES MSCI EAF        | CUSIP: 464287465<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    466116 | NS      | $39503331.00  | 20.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                       | KINDER MORGAN IN        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     58230 | NS      | $1531449.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                       | KRAFT HEINZ CO/T        | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     53009 | NS      | $1542561.90   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                           | LKQ CORP                | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     42276 | NS      | $1615365.96   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation               | LOCKHEED MARTIN         | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      3297 | NS      | $1575141.75   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                          | MERCK & CO              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     19842 | NS      | $1690538.40   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated         | MICROCHIP TECH          | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     33606 | NS      | $1548564.48   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                        | MOSAIC CO/THE           | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     53923 | NS      | $1639259.20   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Multistate                         | NVN-CA H/Y-I            | CUSIP: 67065N555<br>LEI: 549300IEL53UNMUSWW03 | Long             | EC               | RF                | US        |     11230 | NS      | $85346.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal                          | NVN-H/Y MUN-I           | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |      6577 | NS      | $93322.45     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                         | OMNICOM GROUP           | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     20912 | NS      | $1592657.92   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                | ONEOK INC               | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     18115 | NS      | $1488328.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                               | PAYCHEX INC             | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     10931 | NS      | $1608168.72   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                               | PFIZER INC              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     68980 | NS      | $1683801.80   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                 | REALTY INCOME           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     27474 | NS      | $1589645.64   | 0.83%             |  |  |  | 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        |   1140478 | NS      | $28591782.01  | 14.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                    | SCHWAB INTL SMAL        | CUSIP: 808524888<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |    522438 | NS      | $19763829.54  | 10.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                  | SKYWORKS SOLUTIO        | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     25552 | NS      | $1642482.56   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.              | STANLEY BLACK &         | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     25250 | NS      | $1515505.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated            | TEXAS INSTRUMENT        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      9666 | NS      | $1547043.30   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                              | US BANK MMDA - USBGFS 9 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    941509 | PA      | $941508.89    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.               | UNITED PARCEL-B         | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     15918 | NS      | $1516985.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds | VANGUARD-FTSE AW        | CUSIP: 922042718<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |    164883 | NS      | $19855210.86  | 10.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.               | VERIZON COMMUNIC        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     37271 | NS      | $1642160.26   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                               | VIATRIS INC             | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    195244 | NS      | $1643954.48   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | SPY US 03/31/26 P500    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2000 | NC      | $4224000.00   | 2.20%             |  |  |  | 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