# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-009144
**Filing Date:** 2026-6
**Character Count:** 10196
**Document Hash:** c59f1906fd1d5288daf2c4aa40db77c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009144.hdr.sgml**: 20260617

**ACCESSION NUMBER**: 0000910472-26-009144

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260617

**DATE AS OF CHANGE**: 20260617

**PERIOD START**: 20261031

**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:** 261098100

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

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

## Series and Classes Contracts Data

### Redwood Managed Municipal Income Fund (Series ID: S000056429)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000178523 | Redwood Managed Municipal Income Fund Class I | RWMIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Redwood Managed Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000056429

- **c. LEI of Series:** 549300K0OVZT7N21CJ79

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

- **a. Date of fiscal year-end:** 2026-10-31

- **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:** $80957360.53

**Total Liabilities:** $836555.90

**Net Assets:** $80120804.63

**Cash Not Reported:** $60000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000178523 | 1.38%                | -1.88%               | -0.04%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $34448.68                | $806329.21                                 |
| Month 2  | $-127291.85              | $-1737504.44                               |
| Month 3  | $23.22                   | $-215342.93                                |

**Designated Index Information**

- **Index Name:** Bloomberg High Yield Muni Bond

- **Index Identifier:** 939

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lord Abbett Municipal Income Trust              | LA-H/I MUNI-I            | CUSIP: 543912836<br>LEI: N/A                  | Long             | EC               | RF                | US        |    947593 | NS      | $10072908.75  | 12.57%            |  |  |  | No            |                  1 | On Loan: No      |
| AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) | INV-RC MUN OP-Y          | CUSIP: 00141W703<br>LEI: SW0MHD1146AQ1M76HG37 | Long             | EC               | RF                | US        |    399761 | NS      | $2626431.01   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Delaware Investments fund                       | DEL-NTL HY M-I           | CUSIP: 24610H302<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1031395 | NS      | $10097355.11  | 12.60%            |  |  |  | No            |                  1 | On Loan: No      |
| LEGG MASON PARTNERS INCOME TRUST                | WA-MUNI H/I-I            | CUSIP: 52469F556<br>LEI: 549300Y1U2UCLTK83X35 | Long             | EC               | RF                | US        |        90 | NS      | $1147.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                                    | US BANK MMDA - USBGFS 9  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    579110 | PA      | $579109.82    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD PRIVATE REAL ESTATE DEBT FUND           | RDWD-R/E INC-I           | CUSIP: 758067102<br>LEI: 549300XIZ6J0ZXQMTV96 | Long             | EC               | RF                | US        |    336916 | NS      | $8453221.29   | 10.55%            |  |  |  | No            |                  1 | On Loan: No      |
| American Centy Tr                               | AC-H/Y MUNI-I            | CUSIP: 024934663<br>LEI: N/A                  | Long             | EC               | RF                | US        |       134 | NS      | $1166.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTORY PORTFOLIOS IV                           | V/P-HI INC MUN-Y         | CUSIP: 92648C264<br>LEI: 25490054DPU07WNNLY79 | Long             | EC               | RF                | US        |       188 | NS      | $1040.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO HIGH YIELD MUNICIPAL BOND FUND            | PIMCO-HY MUNI-I          | CUSIP: 72201F672<br>LEI: 4LIV36RE2YOPJ7ZZHU91 | Long             | EC               | RF                | US        |   1201627 | NS      | $10069636.72  | 12.57%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | INVESCO HI YLD MUNI      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     16763 | NS      | $838.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                             | NUVEEN HIGH YLD MUNI     | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     11074 | NS      | $1218.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST EAGLE FUNDS                               | FIRST EAGLE HIGH YIELD-I | CUSIP: 32008F713<br>LEI: 549300FE2F4XF7FZN136 | Long             | EC               | RF                | US        |   1266667 | NS      | $10108003.25  | 12.62%            |  |  |  | No            |                  1 | On Loan: No      |
| NUVEEN MUNICIPAL TRUST                          | NVN-SH DUR HY-I          | CUSIP: 67065Q699<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |       116 | NS      | $1087.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) | INV-H/Y MUNI-Y           | CUSIP: 001419654<br>LEI: SW0MHD1146AQ1M76HG37 | Long             | EC               | RF                | US        |    315997 | NS      | $2622771.19   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK ETF TRUST II                          | ISHR HI YLD MUNI         | CUSIP: 092528843<br>LEI: 549300PLJCTZLQ2LE832 | Long             | EC               | RF                | US        |        23 | NS      | $1121.02      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS TRUST                             | GS-H/Y MUNI-INS          | CUSIP: 38142Y583<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | EC               | RF                | US        |   1389397 | NS      | $12587940.05  | 15.71%            |  |  |  | No            |                  1 | On Loan: No      |
| NUVEEN MUNICIPAL TRUST                          | NVN-H/Y MUN-I            | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |    184560 | NS      | $2641059.30   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN TAX FREE TRUST                         | FRNK-H/Y T/F-ADV         | CUSIP: 354723272<br>LEI: 549300C12HCE48FV1C70 | Long             | EC               | RF                | US        |   1127836 | NS      | $10082851.92  | 12.58%            |  |  |  | No            |                  1 | On Loan: No      |
| MAINSTAY HIGH YIELD MUNICIPAL BOND FUND         | MNSTY-H/Y MU-I           | CUSIP: 56063U521<br>LEI: 549300QXVF3SZ2KO6339 | Long             | EC               | RF                | US        |        94 | NS      | $1105.73      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS SERIES TRUST III                            | MFS-MUNI H/I-I           | CUSIP: 552984692<br>LEI: 549300V6TTODTL97GD50 | Long             | EC               | RF                | US        |       146 | NS      | $1082.68      | 0.00%             |  |  |  | No            |                  1 | 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