# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-006168
**Filing Date:** 2025-12
**Character Count:** 31406
**Document Hash:** 0714ae77e81cce891730b14d8d77cc59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006168.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006168

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**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:** 251606161

**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:** 2025-10-31

**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:** $122614769.18

**Total Liabilities:** $1059125.03

**Net Assets:** $121555644.15

**Cash Not Reported:** $20375.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233407 | 6.36%                | 2.45%                | -1.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $264031.68               | $6851390.43                                |
| Month 2  | $87171.71                | $2415484.49                                |
| Month 3  | $-230635.43              | $-2235428.77                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kokuyo Co Ltd                                                     | KOKUYO                   | CUSIP: J35544105<br>LEI: 3538001EN1YX65H42410 | Long             | EC               | CORP              | JP        |    242800 | NS      | $1393311.50   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Boshoku Corp.                                              | TOYOTA BOSHOKU           | CUSIP: J91214106<br>LEI: 529900KS87U6EY7PWG26 | Long             | EC               | CORP              | JP        |     77700 | NS      | $1181458.51   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Tietoevry Oyj                                                     | TIETO OYJ                | CUSIP: Y8T39G104<br>LEI: 549300EW2KM4KROKQV31 | Long             | EC               | CORP              | FI        |     53374 | NS      | $1145678.90   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Soulbrain Co Ltd.                                                 | SOULBRAIN CO LTD         | CUSIP: Y8076W120<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8331 | NS      | $1643212.30   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Corporation                                                  | LIFE CORP                | CUSIP: J38828109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     84300 | NS      | $1322555.96   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodacom Group Limited                                             | Vodacom Group Ltd        | CUSIP: S9453B108<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |    185116 | NS      | $1498683.07   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonking Holdings Limited                                          | LONKING                  | CUSIP: G5636C107<br>LEI: 5299004M92ACMGS3QI84 | Long             | EC               | CORP              | KY        |   5809000 | NS      | $2315484.56   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Exedy Corp                                                        | Exedy Corp               | CUSIP: J1326T101<br>LEI: 35380047PHY08BBD5M18 | Long             | EC               | CORP              | JP        |     52500 | NS      | $1764034.59   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Mabuchi Motor Co., Ltd.                                           | MABUCHI MOTOR CO LTD     | CUSIP: J39186101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     68200 | NS      | $1204845.38   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Land Co Ltd.                                                 | SINO LAND                | CUSIP: Y80267126<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |   1090000 | NS      | $1353905.32   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co Ltd.                     | SHANDONG WEIG-H          | CUSIP: Y76810103<br>LEI: 5299005WQUU15JQU8S60 | Long             | EC               | CORP              | CN        |   1612200 | NS      | $1128502.86   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Bolsa Mexicana De Valores Sab De Cv                               | BOLSA MEXICANA           | CUSIP: P17330104<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |    564622 | NS      | $1076414.01   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Promotora y Operadora de Infraestructura SA                       | PROMOTORA Y OPER         | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |    105717 | NS      | $1365674.37   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SG Holdings Co Ltd.                                               | SG HOLDINGS CO L         | CUSIP: J7134P108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    101500 | NS      | $932865.24    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Oil And Retail Business Public Company Limited                | PTT OIL & RETAIL         | CUSIP: Y7150Z116<br>LEI: 254900E86F1OANU6B371 | Long             | EC               | CORP              | TH        |   2994700 | NS      | $1357073.67   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Dana Gas PJSC                                                     | DANA GAS                 | CUSIP: M27014105<br>LEI: 254900RDMPHWDEJBUW56 | Long             | EC               | CORP              | AE        |   5297363 | NS      | $1194214.92   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Paramount Resources Limited                                       | PARAMOUNT RES -A         | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |     47260 | NS      | $775002.67    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bravida Holding AB                                                | BRAVIDA HOLDING AB       | CUSIP: W2R16Z106<br>LEI: 549300H88IJGPNNL3T61 | Long             | EC               | CORP              | SE        |    122976 | NS      | $1039376.43   | 0.86%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DormaKaba Holding AG                                              | DORMAKABA HOLDIN         | CUSIP: H1955W104<br>LEI: 529900QMU5ZH99KMQK13 | Long             | EC               | CORP              | CH        |     24750 | NS      | $2114328.29   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruichi Steel Tube Ltd.                                          | MARUICHI STL TUB         | CUSIP: J40046104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    134700 | NS      | $1138950.84   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co Ltd.                                                     | COWAY CO LTD             | CUSIP: Y1786S109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     28875 | NS      | $1800632.36   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                   | CVS HEALTH CORP          | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     16244 | NS      | $1269468.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Medical System Holdings Limited                             | CHINA MEDICAL SYSTEM     | CUSIP: G21108124<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | KY        |   1062000 | NS      | $1831506.51   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS NV                                                            | JBS NV                   | CUSIP: N4731Y108<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |    135469 | NS      | $1791127.92   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirait One Corporation                                            | MIRAIT ONE CORP          | CUSIP: J4307G106<br>LEI: 353800RI3EZVEIDAEL62 | Long             | EC               | CORP              | JP        |     75200 | NS      | $1457203.74   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mixi Inc                                                          | Mixi Inc                 | CUSIP: J45993110<br>LEI: 529900IL3THMH0SFYQ49 | Long             | EC               | CORP              | JP        |     58680 | NS      | $1184169.87   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                                        | SKANSKA AB-B             | CUSIP: W83567110<br>LEI: 549300UINV5RINHGMG07 | Long             | EC               | CORP              | SE        |     66396 | NS      | $1808005.14   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Toa Paint Thailand Pcl-For                                        | TOA PAINT T-FRGN         | CUSIP: Y88495125<br>LEI: 254900E35GTJZH95L596 | Long             | EC               | CORP              | TH        |   2605500 | NS      | $1038882.78   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Adecco Group SA/AG                                                | ADECCO GROUP AG          | CUSIP: H00392318<br>LEI: NI14Y5UMU60O7JE9P611 | Long             | EC               | CORP              | CH        |     36000 | NS      | $1003891.08   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| DHT Holdings Inc.                                                 | DHT HOLDINGS INC         | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |    101400 | NS      | $1346592.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                                          | TOREX GOLD RESOU         | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     74132 | NS      | $3062427.78   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV PLC                                                           | ITV PLC                  | CUSIP: G4984A110<br>LEI: ZLECI7ED2QMWFGYCXZ59 | Long             | EC               | CORP              | GB        |   1096453 | NS      | $1003618.26   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Puregold Price Club Inc.                                          | PUREGOLD PRICE C         | CUSIP: Y71617107<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   1897000 | NS      | $1229579.07   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals Inc.                                                   | DPM METALS INC           | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    142209 | NS      | $3041795.30   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS Group Gmbh & Co KgaA                                          | DWS GROUP GMBH &         | CUSIP: D23390103<br>LEI: 529900VM3464806ERS69 | Long             | EC               | CORP              | DE        |     34932 | NS      | $2236502.51   | 1.84%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CPFL Energia SA                                                   | CPFL ENERGIA SA          | CUSIP: P3179C105<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |    163655 | NS      | $1261833.04   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd.                                               | PERSEUS MINING           | CUSIP: Q74174105<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |    716725 | NS      | $2275088.79   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Odontoprev Sa                                                     | ODONTOPREV               | CUSIP: P7344M104<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    574900 | NS      | $1366774.04   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Youngone Corp.                                                    | YOUNGONE CORP            | CUSIP: Y9857Q100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     33397 | NS      | $1350480.15   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Kato Sangyo Co                                                    | KATO SANGYO CO           | CUSIP: J3104N108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33100 | NS      | $1270616.74   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                                     | WH GROUP LTD             | CUSIP: G96007102<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |   1884000 | NS      | $1812221.76   | 1.49%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shimamura Corp                                                    | SHIMAMURA CO             | CUSIP: J72208101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20900 | NS      | $1347443.83   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Transcontinental Inc.                                             | Transcontinental Inc     | CUSIP: 893578104<br>LEI: 549300C86G4JLR01YF53 | Long             | EC               | CORP              | CA        |    107890 | NS      | $1514636.98   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ICL Group Ltd                                                     | ICL GROUP LTD            | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |    221571 | NS      | $1451420.54   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Electric Co Ltd                                           | Stanley Electric Co Ltd  | CUSIP: J76637115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     57500 | NS      | $1129449.43   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                                                 | BBH SWEEP VEHICLE        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1099807 | PA      | $1099806.67   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Greentown Management Holdings Company Limited                     | GREENTOWN MANAGE         | CUSIP: G4102M103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   2240000 | NS      | $870896.03    | 0.72%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dometic Group AB                                                  | DOMETIC GROUP AB         | CUSIP: W2R936106<br>LEI: 549300STIPMK5VSA7Y59 | Long             | EC               | CORP              | SE        |    245100 | NS      | $1197991.70   | 0.99%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Metropole Television-(M6)                                         | Metropole Television SA  | CUSIP: F62379114<br>LEI: 96950018NOMJX5XRH047 | Long             | EC               | CORP              | FR        |     71736 | NS      | $989769.42    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| VTech Holdings Ltd.                                               | VTECH HLDGS LTD          | CUSIP: G9400S132<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    166300 | NS      | $1356269.91   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| First Resources Ltd.                                              | FIRST RESOURCES          | CUSIP: Y2560F107<br>LEI: 5493007RRD817HUP4O49 | Long             | EC               | CORP              | SG        |    990611 | NS      | $1492275.01   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Bobcat Inc                                                 | DOOSAN BOBCAT INC        | CUSIP: Y2103B100<br>LEI: 9884007K6X0Q0112FX44 | Long             | EC               | CORP              | KR        |     31228 | NS      | $1314643.23   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Budweiser Brewing Co APAC Ltd.                                    | BUDWEISER BREWIN         | CUSIP: G1674K101<br>LEI: 549300YF1MR4GTF18132 | Long             | EC               | CORP              | KY        |    923000 | NS      | $936223.28    | 0.77%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Valterra Platinum Ltd.                                            | VALTERRA PLATINUM (JSE)  | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     31579 | NS      | $1953295.15   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica PLC                                                      | CENTRICA PLC             | CUSIP: G2018Z143<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    588196 | NS      | $1386222.57   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kln Logistics Group Ltd.                                          | KERRY LOGISTICS          | CUSIP: G52418103<br>LEI: 254900G739TFTQCVKO70 | Long             | EC               | CORP              | BM        |   1168000 | NS      | $1080943.52   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Doubleugames Co Ltd                                               | DOUBLEUGAMES CO          | CUSIP: Y2106F108<br>LEI: 549300YX1GSB0NJDFU35 | Long             | EC               | CORP              | KR        |      9100 | NS      | $319321.13    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| JustSystems Corp.                                                 | JUSTSYSTEMS CORP         | CUSIP: J28783108<br>LEI: 5299006DS4ZV570NR192 | Long             | EC               | CORP              | JP        |     52000 | NS      | $1679515.39   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Wool Textile co ltd                                         | JAPAN WOOL TEXT          | CUSIP: J27953108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    115900 | NS      | $1222538.36   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aperam SA                                                         | APERAM                   | CUSIP: L0187K107<br>LEI: 5493001136GE6L4R7M63 | Long             | EC               | CORP              | LU        |     34618 | NS      | $1206435.50   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Poly Property Services Co Ltd.                                    | POLY PROPERTY-H          | CUSIP: Y6S9JU104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    274400 | NS      | $1183742.30   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FCC Co Ltd                                                        | FCC CO LTD               | CUSIP: J1346G105<br>LEI: 529900JG0O5C2NAEHF11 | Long             | EC               | CORP              | JP        |     77800 | NS      | $1571594.44   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Welcia Holdings Co Ltd.                                           | WELCIA HOLDINGS CO LTD   | CUSIP: J9505A108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     71200 | NS      | $1419959.68   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| OSG Corporation                                                   | OSG Corp                 | CUSIP: J63137103<br>LEI: 353800IWJAOVAFO6X450 | Long             | EC               | CORP              | JP        |     89200 | NS      | $1293273.68   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kandenko Co Ltd                                                   | KANDENKO CO LTD          | CUSIP: J29653102<br>LEI: 35380080NSN7GCYZ3X14 | Long             | EC               | CORP              | JP        |    131500 | NS      | $4019001.81   | 3.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashmore Group                                                     | ASHMORE GROUP PL         | CUSIP: G0609C101<br>LEI: 549300U3L59WB4YI2X12 | Long             | EC               | CORP              | GB        |    509800 | NS      | $1258567.03   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Aneka Tambang Tbk                                                 | ANEKA TAMBANG TB         | CUSIP: Y7116R158<br>LEI: 529900LRE2NALSSHMB80 | Long             | EC               | CORP              | ID        |  11350800 | NS      | $2110574.70   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| S-1 Corporation                                                   | S-1 CORPORATION          | CUSIP: Y75435100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23810 | NS      | $1248643.29   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JS Global Lifestyle Co Ltd.                                       | JS GLOBAL LIFEST         | CUSIP: G2S85A104<br>LEI: 254900YP54EOBADL7333 | Long             | EC               | CORP              | KY        |   4659500 | NS      | $1067633.09   | 0.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Beijing Tong Ren Tang Chinese Medic                               | TONGRENTANGCM            | CUSIP: Y0774V108<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    935000 | NS      | $1037823.55   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Anritsu Corp.                                                     | ANRITSU CORP             | CUSIP: J01554104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    123800 | NS      | $1830734.28   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyber Agent                                                       | CYBERAGENT INC           | CUSIP: J1046G108<br>LEI: 3538006T5KZABPGS8Q08 | Long             | EC               | CORP              | JP        |    162100 | NS      | $1615886.29   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co Ltd                                                     | SANKYO CO/               | CUSIP: J67844100<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |    186800 | NS      | $3240550.62   | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Kangji Medical Holdings Ltd.                                      | KANGJI MEDICAL H         | CUSIP: G5215A100<br>LEI: 300300HPVQ4VPUI5AB79 | Long             | EC               | CORP              | KY        |   1298500 | NS      | $1503725.76   | 1.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tokai Rika Co Ltd                                                 | TOKAI RIKA               | CUSIP: J85968105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     74200 | NS      | $1332985.63   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Empire Co Ltd.                                                    | EMPIRE CO LTD A          | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     40052 | NS      | $1360719.97   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Grendene Sa                                                       | GRENDENE SA              | CUSIP: P49516100<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1175958 | NS      | $1145399.44   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ithaca Energy PLC                                                 | ITHACA ENERGY PL         | CUSIP: G49776100<br>LEI: 21380057TNFLXPXBIP34 | Long             | EC               | CORP              | GB        |    690932 | NS      | $1979019.21   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| HMM Company Limited                                               | HMM CO LTD               | CUSIP: Y3843P102<br>LEI: 988400M8Q35QDZ4XXW80 | Long             | EC               | CORP              | KR        |     74863 | NS      | $1074998.76   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Serco Group PLC                                                   | SERCO GROUP              | CUSIP: G80400107<br>LEI: 549300PT2CIHYN5GWJ21 | Long             | EC               | CORP              | GB        |    473612 | NS      | $1580384.44   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexteer Automotive Group Ltd.                                     | Nexteer Automotive Group | CUSIP: G6501M105<br>LEI: 529900O9GGNBKMJ9UO48 | Long             | EC               | CORP              | KY        |   2070000 | NS      | $1794353.41   | 1.48%             |  |  |  | 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        |     76881 | NS      | $1150341.90   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer