# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-006039
**Filing Date:** 2025-12
**Character Count:** 35198
**Document Hash:** e450371a98fd61f6be439a225b0b893f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006039.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006039

**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:** 251604928

**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

### LeaderSharesTM AlphaFactor(R) US Core Equity ETF (Series ID: S000061956)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000200720 | LeaderSharesTM AlphaFactor(R) US Core Equity 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:** Leadershares Alphafactor US Core Equity ETF

- **b. EDGAR series identifier (if any):** S000061956

- **c. LEI of Series:** 5493004EL9ZWSS4W8I04

**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:** $111393330.33

**Total Liabilities:** $61506.29

**Net Assets:** $111331824.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200720 | 4.73%                | 1.06%                | -1.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $483136.72               | $5608925.96                                |
| Month 2  | $1929897.25              | $-596799.06                                |
| Month 3  | $3383046.75              | $-5103966.55                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CF Industries Holdings, Inc.                | CF INDUSTRIES HO  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     12428 | NS      | $1035128.12   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                 | DROPBOX INC-A     | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     36634 | NS      | $1062386.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                             | SALESFORCE INC    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4692 | NS      | $1221843.72   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                             | PULTEGROUP INC    | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8500 | NS      | $1018895.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                   | GRACO INC         | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     13167 | NS      | $1076665.59   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                             | PRIMERICA INC     | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      4042 | NS      | $1050394.54   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.                | RAYMOND JAMES     | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      6464 | NS      | $1025642.88   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                  | GRAND CANYON EDU  | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      5072 | NS      | $955057.60    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                       | JACOBS SOLUTIONS  | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7478 | NS      | $1165147.18   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                           | LOEWS CORP        | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     11129 | NS      | $1108003.24   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                             | BORGWARNER INC    | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     25499 | NS      | $1095437.04   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Incorporated                          | AFLAC INC         | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     10056 | NS      | $1077902.64   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                  | AMERIPRISE FINAN  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2265 | NS      | $1025524.05   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                        | TOPBUILD COR      | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      2880 | NS      | $1216742.40   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                     | BOYD GAMING CORP  | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     12922 | NS      | $1006236.14   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International Of Washington Inc. | EXPEDITORS INTL   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      9141 | NS      | $1114287.90   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                          | POST HOLDINGS IN  | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     10317 | NS      | $1072245.81   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                    | LAM RESEARCH      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      8370 | NS      | $1317940.20   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc.                   | COREBRIDGE FINAN  | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     34677 | NS      | $1129083.12   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                              | GLOBE LIFE INC    | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      7872 | NS      | $1035246.72   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                      | TRAVEL + LEISURE  | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     18847 | NS      | $1183214.66   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                         | NEWMONT CORP      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     13292 | NS      | $1076253.24   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                             | FOX CORP - B      | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     19180 | NS      | $1120303.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                   | JABIL INC         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      5149 | NS      | $1137362.61   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc               | MARTIN MAR MTLS   | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1786 | NS      | $1094996.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                | METLIFE INC       | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     13679 | NS      | $1091857.78   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                     | ITT INC           | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      6263 | NS      | $1159093.41   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                   | GOLDMAN SACHS GP  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1414 | NS      | $1116169.18   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corporation International           | SERVICE CORP INT  | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     13355 | NS      | $1115276.05   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                       | PARKER HANNIFIN   | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1480 | NS      | $1143788.40   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                             | DOLLAR TREE INC   | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     11857 | NS      | $1175265.84   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                           | DR HORTON INC     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      6632 | NS      | $988698.56    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                 | TRIMBLE INC       | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     13798 | NS      | $1100390.50   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.             | AFFIL MANAGERS    | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      4697 | NS      | $1117698.12   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Godaddy Inc                                 | GODADDY INC-A     | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      8175 | NS      | $1088337.75   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc.                       | ALASKA AIR GROUP  | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     22483 | NS      | $938215.59    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                    | ETSY INC          | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     16601 | NS      | $1029262.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                      | SOUTHWEST AIR     | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     35466 | NS      | $1074619.80   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                     | CARLISLE COS INC  | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      3381 | NS      | $1098994.05   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                      | FAIR ISAAC CORP   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       746 | NS      | $1238009.38   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.           | HARTFORD INSURAN  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      8404 | NS      | $1043608.72   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc               | HILTON WORLDWIDE  | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      4275 | NS      | $1098504.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                    | ZOOM COMMUNICATI  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     13398 | NS      | $1168707.54   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                        | EAGLE MATERIALS   | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      4826 | NS      | $1024656.32   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                   | HALOZYME THERAPE  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     15185 | NS      | $989910.15    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                      | GENERAL MOTORS C  | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     18211 | NS      | $1258197.99   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                             | EMCOR GROUP INC   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      1721 | NS      | $1163017.38   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                          | CIRRUS LOGIC INC  | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      8845 | NS      | $1173289.25   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                  | LITHIA MOTORS     | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      3521 | NS      | $1105875.68   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                           | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1112304 | PA      | $1112303.58   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.             | UNIVERSAL HLTH-B  | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      5458 | NS      | $1184440.58   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                     | IDEXX LABS        | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1768 | NS      | $1112973.68   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                       | DELL TECHN-C      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      8046 | NS      | $1303532.46   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                | MARRIOTT INTL-A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      4273 | NS      | $1113458.34   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillards, Inc.                              | DILLARDS INC-A    | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |      1846 | NS      | $1107747.68   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                        | LAS VEGAS SANDS   | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     20804 | NS      | $1234717.40   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                          | SEI INVESTMENTS   | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     13149 | NS      | $1059940.89   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                  | UNUM GROUP        | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     14450 | NS      | $1060919.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                        | BLUE OWL CAPITAL  | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67610 | NS      | $1066209.70   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                              | TD SYNNEX CORP    | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      6820 | NS      | $1067261.80   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc.                  | BRIGHTHOUSE FINA  | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |     21006 | NS      | $1198812.42   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corporation of Michigan   | CREDIT ACCEPTANC  | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2434 | NS      | $1088825.56   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                          | RALPH LAUREN COR  | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      3554 | NS      | $1136071.64   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                         | VONTIER CORP      | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     26793 | NS      | $1031530.50   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                       | MGIC INVT CORP    | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     39213 | NS      | $1075220.46   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                          | HCA HEALTHCARE I  | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      2600 | NS      | $1195168.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                         | SYNCHRONY FINANC  | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     15969 | NS      | $1187774.22   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                | HONEYWELL INTL    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      5332 | NS      | $1073491.56   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                         | TOLL BROTHERS     | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      8120 | NS      | $1095794.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                   | EBAY INC          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     12283 | NS      | $998730.73    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                         | SHIFT4 PAYMENT-A  | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14863 | NS      | $1027033.30   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                         | LEIDOS HOLDINGS   | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      5933 | NS      | $1130058.51   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                     | NVR INC           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       141 | NS      | $1016725.62   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                           | EXPEDIA GROUP IN  | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      5247 | NS      | $1154340.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                     | MUELLER INDS      | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     11052 | NS      | $1170075.24   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.              | LINCOLN ELECTRIC  | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      4746 | NS      | $1112699.70   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                          | RYDER SYSTEM INC  | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      5950 | NS      | $1006918.50   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.           | AMERICAN INTERNA  | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     14273 | NS      | $1126996.08   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                     | ATI INC           | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     13704 | NS      | $1356284.88   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                      | EQUITABLE HOLDIN  | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     21800 | NS      | $1076920.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                        | PAYPAL HOLDINGS   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     16562 | NS      | $1147249.74   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.            | SOLSTICE ADV MAT  | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |      1346 | NS      | $60675.49     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                | TENET HEALTHCARE  | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      5482 | NS      | $1131978.18   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                 | AVNET INC         | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     21456 | NS      | $1039543.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Limited                        | WYNN RESORTS LTD  | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |      8613 | NS      | $1024860.87   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Davita Inc                                  | DAVITA INC        | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      8358 | NS      | $994769.16    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                    | LYFT INC-A        | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     51222 | NS      | $1048002.12   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                              | EXELIXIS INC      | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     27068 | NS      | $1046719.56   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                | WYNDHAM HOTELS &  | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     13968 | NS      | $1025670.24   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                           | MASCO CORP        | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     15962 | NS      | $1033699.12   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                           | SYSCO CORP        | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     13535 | NS      | $1005379.80   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc.                          | GXO LOGISTIC      | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     21290 | NS      | $1196710.90   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                             | ULTA BEAUTY INC   | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2052 | NS      | $1066793.76   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                        | ELECTRONIC ARTS   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      5535 | NS      | $1107332.10   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation              | SCHWAB (CHARLES)  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     11701 | NS      | $1105978.52   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                               | CHEVRON CORP      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7206 | NS      | $1136530.32   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                     | EURONET WORLDWID  | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     12857 | NS      | $975332.02    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                               | QUALCOMM INC      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      6703 | NS      | $1212572.70   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                   | HOST HOTELS & RE  | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     65456 | NS      | $1048605.12   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                            | NRG ENERGY        | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      6919 | NS      | $1189099.34   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation                  | CARRIER GLOB      | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     18741 | NS      | $1114902.09   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                        | BOOKING HOLDINGS  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       206 | NS      | $1046014.44   | 0.94%             |  |  |  | No            |                  1 | 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