# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-23-068360
**Filing Date:** 2023-3
**Character Count:** 17237
**Document Hash:** b99cc85bdd022d6bf9acb33a13937ef2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068360.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-068360

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Roads Shared Trust
- **CENTRAL INDEX KEY:** 0001552947
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 23766790

**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:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### Hunter Small Cap Value Fund (Series ID: S000079253)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000240224 | Hunter Small Cap Value Fund Class I |  |

## 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:** Hunter Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000079253

- **c. LEI of Series:** 549300ZDUYXHPIXWN897

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $11811184.39

**Total Liabilities:** $410588.68

**Net Assets:** $11400595.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240224 |  |  | 9.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $-3774.09                                  |
| Month 3  | $51758.13                | $748165.67                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Armstrong World Industries, Inc.                    | ARMSTRONG WORLD INDUSTRIE | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      1301 | NS      | $100710.41    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                                 | EQUITY COMMONWEA          | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |     12381 | NS      | $315963.12    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                          | ESAB CORP                 | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      5475 | NS      | $316509.75    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corporation                              | SOUTHSTATE CORP           | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      3023 | NS      | $240630.80    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiley John & Sons Inc.                              | WILEY JOHN&SON-A          | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      5825 | NS      | $266785.00    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                                  | COHEN & STEERS            | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      2811 | NS      | $206524.17    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                     | PINNACLE FINL             | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      4611 | NS      | $363024.03    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                               | GENERAC HOLDINGS          | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      1152 | NS      | $138931.20    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                           | PROSPERITY BNCSH          | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1485 | NS      | $112652.10    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GoPro Inc.                                          | GOPRO INC-CLASS A         | CUSIP: 38268T103<br>LEI: 549300CQJMLT21SZFL16 | Long             | EC               | CORP              | US        |     20165 | NS      | $124014.75    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                                  | UMH PROPERTIES I          | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     25014 | NS      | $448250.88    | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corporation                      | MAGNOLIA OIL & GAS CORP   | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13818 | NS      | $326242.98    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Wire Corp                                    | ENCORE WIRE               | CUSIP: 292562105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2592 | NS      | $418426.56    | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                             | BLACK HILLS CORP          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      5041 | NS      | $364867.58    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited                       | AXIS CAPITAL HOLDINGS LTD | CUSIP: G0692U109<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      2925 | NS      | $183017.25    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Incorporation                       | ONTO INNOVATION           | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      3747 | NS      | $294701.55    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                       | COHERENT CORP             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      4351 | NS      | $188833.40    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                                  | JOHN B SANFILIPP          | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      4463 | NS      | $377168.13    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                              | BOOT BARN HOLDIN          | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      2253 | NS      | $188102.97    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co.                             | COLUMBIA SPORTSW          | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |      3458 | NS      | $331622.20    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                       | INDEPENDENCE REA          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     13387 | NS      | $252077.21    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc.                       | SIMPSON MFG               | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      2304 | NS      | $246781.44    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                                     | LITTELFUSE INC            | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |       863 | NS      | $221523.47    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.                   | HANOVER INSURANC          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      2593 | NS      | $348965.94    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                                    | SHUTTERSTOCK INC          | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |      2596 | NS      | $195400.92    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                      | ZIFF DAVIS INC            | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      1731 | NS      | $154889.88    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries                                    | CAVCO INDUSTRIES          | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       415 | NS      | $110431.50    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Avid Technology Inc.                                | AVID TECHNOLOGY INC       | CUSIP: 05367P100<br>LEI: 549300PQGW3DXKJTQ914 | Long             | EC               | CORP              | US        |     11238 | NS      | $340623.78    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                   | NATIONAL STORAGE          | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4757 | NS      | $194085.60    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                              | MARCUS & MILLICH          | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |      3630 | NS      | $131551.20    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation                        | ENVISTA HOLDINGS CORP     | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |      8357 | NS      | $325839.43    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Co                                  | UMPQUA HOLDINGS           | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |     15270 | NS      | $277914.00    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Company                   | GRAPHIC PACKAGIN          | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17128 | NS      | $412613.52    | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                        | OMNICELL INC              | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      5901 | NS      | $327328.47    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First Community Corporation                         | FIRST COMTY CORP          | CUSIP: 319835104<br>LEI: 549300TC167ECI9SMC70 | Long             | EC               | CORP              | US        |     10437 | NS      | $214584.72    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                                 | FIRST AM-TR OB-X          | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1451952 | PA      | $1451951.70   | 12.74%            |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc.                              | BLUELINX HOLDINGS INC     | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      1695 | NS      | $147159.90    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                         | AMN HEALTHCARE            | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      1125 | NS      | $107820.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | GRUPO AEROPO-ADR          | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      3391 | NS      | $247712.55    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                             | OLD SECOND BNCRP          | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     13824 | NS      | $234869.76    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| National Instruments Corp.                          | NATL INSTRUMENTS          | CUSIP: 636518102<br>LEI: 549300TP4OOPCYWDUP86 | Long             | EC               | CORP              | US        |      2945 | NS      | $159030.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                         | HANCOCK WHITNEY           | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      6053 | NS      | $311608.44    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer