# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-010049
**Filing Date:** 2026-6
**Character Count:** 30162
**Document Hash:** 3281ec033d8d70a726be4ae1b127b807
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-010049.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000910472-26-010049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**PERIOD START**: 20270131

**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:** 261131703

**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

### Regents Park Hedged Market Strategy ETF (Series ID: S000075684)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000234954 | Regents Park Hedged Market Strategy ETF |  |

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 25.8%** | **CORPORATE BONDS — 25.8%** |  |  |  |
|  | **ASSET MANAGEMENT** — **2.3%** | **ASSET MANAGEMENT** — **2.3%** |  |  |  |
| 800000 | Charles Schwab Corporation (The)<sup>(a)</sup> | H15T5Y + 3.168% | 4.0000 | &nbsp;&nbsp;&nbsp;Perpetual | $799171 |
| 500000 | FS KKR Capital Corporation |  | 3.1250 | &nbsp;&nbsp;&nbsp;10/12/28 | 468577 |
|  |  |  |  |  | 1267748 |
|  | **AUTOMOTIVE** — **4.6%** | **AUTOMOTIVE** — **4.6%** |  |  |  |
| 650000 | Ford Motor Credit Company, LLC |  | 2.7000 | &nbsp;&nbsp;&nbsp;08/10/26 | 646699 |
| 600000 | Ford Motor Credit Company, LLC |  | 4.0000 | &nbsp;&nbsp;&nbsp;11/13/30 | 563753 |
| 63000 | General Motors Financial Company, Inc. |  | 4.0000 | &nbsp;&nbsp;&nbsp;10/06/26 | 62962 |
| 730000 | General Motors Financial Company, Inc.<sup>(a)</sup> | H15T5Y + 4.997% | 5.7000 | &nbsp;&nbsp;&nbsp;Perpetual | 717697 |
| 525000 | Nissan Motor Acceptance Company, LLC<sup>(b)</sup> |  | 6.1250 | &nbsp;&nbsp;&nbsp;09/30/30 | 517330 |
|  |  |  |  |  | 2508441 |
|  | **BANKING** — **2.5%** | **BANKING** — **2.5%** |  |  |  |
| 250000 | BNP Paribas S.A.<sup>(a),(b)</sup> | H15T5Y + 3.196% | 4.6250 | &nbsp;&nbsp;&nbsp;Perpetual | 249348 |
| 320000 | Citizens Financial Group, Inc.<sup>(a)</sup> | H15T5Y + 3.215% | 4.0000 | &nbsp;&nbsp;&nbsp;Perpetual | 316614 |
| 500000 | KeyBank NA |  | 3.4000 | &nbsp;&nbsp;&nbsp;05/20/26 | 499658 |
| 300000 | M&T Bank Corporation<sup>(a)</sup> | H15T5Y + 2.679% | 3.5000 | &nbsp;&nbsp;&nbsp;Perpetual | 295870 |
|  |  |  |  |  | 1361490 |
|  | **BIOTECH & PHARMA** — **2.1%** | **BIOTECH & PHARMA** — **2.1%** |  |  |  |
| 658000 | Teva Pharmaceutical Finance Netherlands III BV |  | 3.1500 | &nbsp;&nbsp;&nbsp;10/01/26 | 653658 |
| 500000 | Teva Pharmaceutical Finance Netherlands III BV |  | 4.7500 | &nbsp;&nbsp;&nbsp;05/09/27 | 499740 |
|  |  |  |  |  | 1153398 |
|  | **COMMERCIAL SUPPORT SERVICES** — **0.3%** | **COMMERCIAL SUPPORT SERVICES** — **0.3%** |  |  |  |
| 150000 | Aramark Services, Inc.<sup>(b)</sup> |  | 5.0000 | &nbsp;&nbsp;&nbsp;02/01/28 | 149778 |
|  | **ELECTRIC UTILITIES** — **4.6%** | **ELECTRIC UTILITIES** — **4.6%** |  |  |  |
| 400000 | American Electric Power Company, Inc.<sup>(a)</sup> | H15T5Y + 2.675% | 3.8750 | &nbsp;&nbsp;&nbsp;02/15/62 | 394222 |
| 650000 | CenterPoint Energy, Inc.<sup>(a)</sup> | H15T5Y + 3.254% | 7.0000 | &nbsp;&nbsp;&nbsp;02/15/55 | 672985 |
| 275000 | CMS Energy Corporation 4.75%<sup>(a)</sup> | H15T5Y + 4.116% | 4.7500 | &nbsp;&nbsp;&nbsp;06/01/50 | 270225 |
| 1159000 | Southern Company (The)<sup>(a)</sup> | H15T5Y + 2.915% | 3.7500 | &nbsp;&nbsp;&nbsp;09/15/51 | 1154907 |
|  |  |  |  |  | 2492339 |
|  | **ENTERTAINMENT CONTENT** — **0.4%** | **ENTERTAINMENT CONTENT** — **0.4%** |  |  |  |
| 250000 | Univision Communications, Inc.<sup>(b)</sup> |  | 4.5000 | &nbsp;&nbsp;&nbsp;05/01/29 | 238616 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 25.8% (Continued)** | **CORPORATE BONDS — 25.8% (Continued)** |  |  |  |
|  | **HEALTH CARE FACILITIES & SERVICES** — **0.3%** | **HEALTH CARE FACILITIES & SERVICES** — **0.3%** |  |  |  |
| 175000 | Charles River Laboratories International, Inc.<sup>(b)</sup> |  | 4.2500 | &nbsp;&nbsp;&nbsp;05/01/28 | $172325 |
|  | **LEISURE FACILITIES & SERVICES** — **1.5%** | **LEISURE FACILITIES & SERVICES** — **1.5%** |  |  |  |
| 175000 | NCL Corporation Ltd.<sup>(b)</sup> |  | 5.8750 | &nbsp;&nbsp;&nbsp;01/15/31 | 170428 |
| 400000 | Penn National Gaming, Inc.<sup>(b)</sup> |  | 4.1250 | &nbsp;&nbsp;&nbsp;07/01/29 | 380850 |
| 250000 | Station Casinos, LLC<sup>(b)</sup> |  | 4.5000 | &nbsp;&nbsp;&nbsp;02/15/28 | 246552 |
|  |  |  |  |  | 797830 |
|  | **OIL & GAS PRODUCERS** — **0.3%** | **OIL & GAS PRODUCERS** — **0.3%** |  |  |  |
| 150000 | Enbridge, Inc.<sup>(a)</sup> | TSFR3M + 3.680% | 5.5000 | &nbsp;&nbsp;&nbsp;07/15/77 | 150224 |
|  | **SPECIALTY FINANCE** — **1.8%** | **SPECIALTY FINANCE** — **1.8%** |  |  |  |
| 1000000 | Ally Financial, Inc.<sup>(a)</sup> | H15T7Y + 3.481% | 4.7000 | &nbsp;&nbsp;&nbsp;Perpetual | 962917 |
|  | **TRANSPORTATION & LOGISTICS** — **5.1%** | **TRANSPORTATION & LOGISTICS** — **5.1%** |  |  |  |
| 1000000 | Air Canada<sup>(b)</sup> |  | 3.8750 | &nbsp;&nbsp;&nbsp;08/15/26 | 997884 |
| 1000000 | American Airlines 2025-1 Class B Pass Through |  | 5.6500 | &nbsp;&nbsp;&nbsp;11/11/34 | 996839 |
| 625000 | Delta Air Lines Inc / SkyMiles IP Ltd.<sup>(b)</sup> |  | 4.7500 | &nbsp;&nbsp;&nbsp;10/20/28 | 625787 |
| 150000 | United Airlines, Inc.<sup>(b)</sup> |  | 4.6250 | &nbsp;&nbsp;&nbsp;04/15/29 | 148139 |
|  |  |  |  |  | 2768649 |
|  | **TOTAL CORPORATE BONDS (Cost $13,896,373)** | **TOTAL CORPORATE BONDS (Cost $13,896,373)** |  |  | 14023755 |
| **Principal Amount ($)** |  |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 47.9%** | **U.S. GOVERNMENT & AGENCIES — 47.9%** |  |  |  |
|  | **U.S. TREASURY BILLS** — **47.9%** | **U.S. TREASURY BILLS** — **47.9%** |  |  |  |
| 26000000 | United States Treasury Bill<sup>(c)</sup> |  | 3.5600 | &nbsp;&nbsp;&nbsp;06/09/26 | 25898952 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $25,899,173)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $25,899,173)** |  |  | 25898952 |
| **Contracts<sup>(d)</sup>** |  |  |  |  |  |
|  | **Broker/Counterparty** | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **CALL OPTIONS PURCHASED – 0.9%** | **CALL OPTIONS PURCHASED – 0.9%** |  |  |  |
| 10 | IB | 05/15/2026 | $7000 | &nbsp;&nbsp;&nbsp; $7000000 | &nbsp;&nbsp;&nbsp; $247250 |
| 5 | IB | 06/18/2026 | 6800 | &nbsp;&nbsp;&nbsp; 3400000 | &nbsp;&nbsp;&nbsp; 246625 |
|  | **TOTAL CALL OPTIONS PURCHASED** (Cost - $165,600) | **TOTAL CALL OPTIONS PURCHASED** (Cost - $165,600) | **TOTAL CALL OPTIONS PURCHASED** (Cost - $165,600) |  | &nbsp;&nbsp; 493875 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** | **REGENTS PARK HEDGED MARKET STRATEGY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Contracts<sup>(d)</sup>** |  |  |  |  |  |
|  | **INDEX OPTIONS PURCHASED - 1.0% (Continued)** |  |  |  |  |
|  |  | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **PUT OPTIONS PURCHASED - 0.1%** | **PUT OPTIONS PURCHASED - 0.1%** |  |  |  |
| 10 | S&P 500 INDEX IB | 06/18/2026 | $6500 | &nbsp;&nbsp;&nbsp; $6500000 | &nbsp;&nbsp;&nbsp; $26800 |
|  | **TOTAL PUT OPTIONS PURCHASED** (Cost - $239,100) | **TOTAL PUT OPTIONS PURCHASED** (Cost - $239,100) | **TOTAL PUT OPTIONS PURCHASED** (Cost - $239,100) |  |  |
|  | **TOTAL INDEX OPTIONS PURCHASED** (Cost - $404,700) | **TOTAL INDEX OPTIONS PURCHASED** (Cost - $404,700) |  |  | 520675 |
|  | **TOTAL INVESTMENTS - 74.7% (Cost $40,200,246)** | **TOTAL INVESTMENTS - 74.7% (Cost $40,200,246)** |  |  | &nbsp;&nbsp;&nbsp; $40443382 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 25.3%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 25.3%** |  |  | &nbsp;&nbsp; 13611934 |
|  | **NET ASSETS - 100.0%** |  |  |  | &nbsp;&nbsp; $54055316 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |  |
| **Number of Contracts** | **Open Long Futures Contracts** | **Broker/Counterparty** | **Expiration** | **Notional Amount<sup>(e)</sup>** | **Value and Unrealized Appreciation** |
| 105 | CME E-Mini Standard & Poor's 500 Index Future | IB | 06/22/2026 | &nbsp;&nbsp;&nbsp; $38029688 | &nbsp;&nbsp;&nbsp; $2340635 |
|  | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  |  |
| B.V. - Besloten Vennootschap<br> IB - Interactive Broker<br> LLC - Limited Liability Company<br> LTD - Limited Company<br> N.A. - National Association<br> S.A. - Société Anonyme | B.V. - Besloten Vennootschap<br> IB - Interactive Broker<br> LLC - Limited Liability Company<br> LTD - Limited Company<br> N.A. - National Association<br> S.A. - Société Anonyme | B.V. - Besloten Vennootschap<br> IB - Interactive Broker<br> LLC - Limited Liability Company<br> LTD - Limited Company<br> N.A. - National Association<br> S.A. - Société Anonyme | B.V. - Besloten Vennootschap<br> IB - Interactive Broker<br> LLC - Limited Liability Company<br> LTD - Limited Company<br> N.A. - National Association<br> S.A. - Société Anonyme | B.V. - Besloten Vennootschap<br> IB - Interactive Broker<br> LLC - Limited Liability Company<br> LTD - Limited Company<br> N.A. - National Association<br> S.A. - Société Anonyme | B.V. - Besloten Vennootschap<br> IB - Interactive Broker<br> LLC - Limited Liability Company<br> LTD - Limited Company<br> N.A. - National Association<br> S.A. - Société Anonyme |
| <br> H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year<br> H15T7Y US Treasury Yield Curve Rate T Note Constant Maturity 7 Year<br> TSFR3M Term SOFR Secured Overnight Financing Rate 3 Months | <br> H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year<br> H15T7Y US Treasury Yield Curve Rate T Note Constant Maturity 7 Year<br> TSFR3M Term SOFR Secured Overnight Financing Rate 3 Months | <br> H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year<br> H15T7Y US Treasury Yield Curve Rate T Note Constant Maturity 7 Year<br> TSFR3M Term SOFR Secured Overnight Financing Rate 3 Months | <br> H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year<br> H15T7Y US Treasury Yield Curve Rate T Note Constant Maturity 7 Year<br> TSFR3M Term SOFR Secured Overnight Financing Rate 3 Months | <br> H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year<br> H15T7Y US Treasury Yield Curve Rate T Note Constant Maturity 7 Year<br> TSFR3M Term SOFR Secured Overnight Financing Rate 3 Months | <br> H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year<br> H15T7Y US Treasury Yield Curve Rate T Note Constant Maturity 7 Year<br> TSFR3M Term SOFR Secured Overnight Financing Rate 3 Months |

---

<sup>(a)</sup> Variable rate security; the rate shown represents the rate on April 30, 2026.

<sup>(b)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of April 30, 2026 the total market value of 144A securities is 3,897,036 or 7.2% of net assets.

<sup>(c)</sup> Zero coupon bond.

<sup>(d)</sup> Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

<sup>(e)</sup> The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.

## 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:** Regents Park Hedged Market Strategy ETF

- **b. EDGAR series identifier (if any):** S000075684

- **c. LEI of Series:** 549300P4QTJDWCFW4G06

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

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $54068815.45

**Total Liabilities:** $13499.34

**Net Assets:** $54055316.11

**Cash Not Reported:** $11136569.08

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 113.42898400 | **1-Year:** 306.96347600 | **5-Year:** 861.21466100 | **10-Year:** 47.16573300 | **30-Year:** 185.90948000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 57.56381500 | **1-Year:** 492.15065900 | **5-Year:** 661.09205500 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234954 | -1.07%               | -4.15%               | 7.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9843.02                 | $-3665.21                                  |
| Month 2  | $-56.21                  | $-147390.27                                |
| Month 3  | $2865.37                 | $78334.66                                  |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN ELECTRIC POWER COMPANY INC                  | AEP 3 7/8 02/15/62      | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394222.04    | 0.73%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                 | GM 4 10/06/26           | CUSIP: 37045XBQ8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     63000 | PA      | $62961.58     | 0.12%             | 2026-10-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                  | UAL 4 5/8 04/15/29      | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148139.00    | 0.27%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP INC                         | CFG 4 PERP              | CUSIP: 174610BD6<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316614.46    | 0.59%             | 2171-10-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                         | ENBCN 5 1/2 07/15/2077  | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $150224.09    | 0.28%             | 2077-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                      | CMS 4 3/4 06/01/50      | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    275000 | PA      | $270225.37    | 0.50%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | SPX US 06/18/26 P6500   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        10 | NC      | $26800.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | SPX US 05/15/26 C7000   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        10 | NC      | $247250.00    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                               | PENN 4 1/8 07/01/29     | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $380850.36    | 0.70%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP (THE)                            | SCHW 4 PERP             | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799170.80    | 1.48%             | 2169-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 06/09/26              | CUSIP: 912797TZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26000000 | PA      | $25898952.04  | 47.91%            | 2026-06-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV       | TEVA 3.15 10/01/26      | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    658000 | PA      | $653658.12    | 1.21%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                 | ARMK 5 02/01/28         | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149778.11    | 0.28%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                   | ALLY 4.7 PERP           | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $962916.54    | 1.78%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                         | NCLH 5 7/8 01/15/31     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    175000 | PA      | $170428.18    | 0.32%             | 2031-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AIR CANADA                                           | ACACN 3 7/8 08/15/26    | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $997884.00    | 1.85%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                        | F 4 11/13/30            | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    600000 | PA      | $563753.38    | 1.04%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV       | TEVA 4 3/4 05/09/27     | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $499740.20    | 0.92%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                | AAL 5.65 11/11/34       | CUSIP: 02377PAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996838.50    | 1.84%             | 2034-11-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                  | NSANY 6 1/8 09/30/30    | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    525000 | PA      | $517329.80    | 0.96%             | 2030-09-30      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINOS LLC                                  | RRR 4 1/2 02/15/28      | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246551.78    | 0.46%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | BNP 4 5/8 PERP          | CUSIP: 05565AB28<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $249348.43    | 0.46%             | 2177-01-12      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| KEYBANK NA                                           | KEY 3.4 05/20/26        | CUSIP: 49327V2A1<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499657.89    | 0.92%             | 2026-05-20      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                         | UVN 4 1/2 05/01/29      | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238615.83    | 0.44%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                        | F 2.7 08/10/26          | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    650000 | PA      | $646699.06    | 1.20%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORP                                        | MTB 3 1/2 PERP          | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295869.98    | 0.55%             | 2173-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                          | S&P500 EMINI FUT  Jun26 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |       105 | NC      | $2340634.38   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                 | GM 5.7 PERP             | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    730000 | PA      | $717696.58    | 1.33%             | 2069-03-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                               | SO 3 3/4 09/15/51       | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1154907.11   | 2.14%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC         | CRL 4 1/4 05/01/28      | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172324.78    | 0.32%             | 2028-05-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                  | FSK 3 1/8 10/12/28      | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468577.28    | 0.87%             | 2028-10-12      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                               | CNP 7 02/15/55          | CUSIP: 15189TBH9<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    650000 | PA      | $672985.30    | 1.24%             | 2055-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | SPX US 06/18/26 C6800   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         5 | NC      | $246625.00    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| SKYMILES IP LTD / DELTA AIR LINE INC                 | DAL 4 3/4 10/20/28      | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    625000 | PA      | $625786.72    | 1.16%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer