# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-010048
**Filing Date:** 2026-6
**Character Count:** 27319
**Document Hash:** 2d82ea8a9ae2337251b7e343622fb427
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-010048.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000910472-26-010048

**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**: 20260731

**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:** 261131702

**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

### Anfield Dynamic Fixed Income ETF (Series ID: S000067046)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000215717 | Anfield Dynamic Fixed Income ETF | ADFI            |

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME 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** |
| **Shares** |  |  |  |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 81.9%** | **EXCHANGE-TRADED FUNDS — 81.9%** |  |  |  |
|  | **FIXED INCOME - 81.9%** | **FIXED INCOME - 81.9%** |  |  |  |
| 82209 | iShares iBoxx $ Investment Grade Corporate Bond |  |  |  | &nbsp;&nbsp;&nbsp; $8948450 |
| 61749 | iShares iBoxx High Yield Corporate Bond ETF |  |  |  | &nbsp;&nbsp;&nbsp; 4963385 |
| 167347 | iShares MBS ETF |  |  |  | &nbsp;&nbsp;&nbsp; 15861148 |
| 308026 | iShares U.S. Treasury Bond ETF |  |  |  | &nbsp;&nbsp;&nbsp; 7029153 |
| 101317 | Janus Henderson AAA CLO ETF |  |  |  | &nbsp;&nbsp;&nbsp; 5118535 |
|  |  |  |  |  | &nbsp;&nbsp; 41920671 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $42,764,254)** | **TOTAL EXCHANGE-TRADED FUNDS (Cost $42,764,254)** |  |  | &nbsp;&nbsp; 41920671 |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 11.4%** | **CORPORATE BONDS — 11.4%** |  |  |  |
|  | **ASSET MANAGEMENT** — **1.7%** | **ASSET MANAGEMENT** — **1.7%** |  |  |  |
| 300000 | Ares Capital Corporation |  | 5.5000 | &nbsp;&nbsp;&nbsp;09/01/30 | 296115 |
| 300000 | Bain Capital Specialty Finance, Inc. |  | 5.9500 | &nbsp;&nbsp;&nbsp;03/15/30 | 294225 |
| 300000 | Blackstone Secured Lending Fund |  | 5.3000 | &nbsp;&nbsp;&nbsp;06/30/30 | 292581 |
|  |  |  |  |  | 882921 |
|  | **AUTOMOTIVE** — **1.4%** | **AUTOMOTIVE** — **1.4%** |  |  |  |
| 200000 | Ford Motor Credit Company, LLC |  | 5.8000 | &nbsp;&nbsp;&nbsp;03/08/29 | 202794 |
| 100000 | General Motors Financial Company, Inc.<sup>(a)</sup> | H15T5Y +4.997% | 5.7000 | &nbsp;&nbsp;&nbsp;Perpetual | 98315 |
| 200000 | Nissan Motor Acceptance Company, LLC<sup>(b)</sup> |  | 5.5500 | &nbsp;&nbsp;&nbsp;09/13/29 | 195918 |
| 200000 | Nissan Motor Acceptance Company, LLC<sup>(b)</sup> |  | 6.1250 | &nbsp;&nbsp;&nbsp;09/30/30 | 197078 |
|  |  |  |  |  | 694105 |
|  | **BANKING** — **2.8%** | **BANKING** — **2.8%** |  |  |  |
| 300000 | Bank of America Corporation<sup>(a)</sup> | H15T5Y + 2.760% | 4.3750 | &nbsp;&nbsp;&nbsp;Perpetual | 297542 |
| 200000 | Bank of Nova Scotia (The)<sup>(a)</sup> | H15T5Y + 2.613% | 3.6250 | &nbsp;&nbsp;&nbsp;10/27/81 | 197407 |
| 200000 | Citigroup, Inc. Series Y<sup>(a)</sup> | H15T5Y + 3.000% | 4.1500 | &nbsp;&nbsp;&nbsp;Perpetual | 198707 |
| 300000 | M&T Bank Corporation<sup>(a)</sup> | H15T5Y + 2.679% | 3.5000 | &nbsp;&nbsp;&nbsp;Perpetual | 295870 |
| 275000 | PNC Financial Services Group, Inc. (The)<sup>(a)</sup> | H15T5Y + 2.595% | 3.4000 | &nbsp;&nbsp;&nbsp;Perpetual | 271646 |
| 200000 | US Bancorp<sup>(a)</sup> | SOFR + 2.914% | 5.3000 | &nbsp;&nbsp;&nbsp;Perpetual | 199401 |
|  |  |  |  |  | 1460573 |
|  | **COMMERCIAL SUPPORT SERVICES** — **0.3%** | **COMMERCIAL SUPPORT SERVICES** — **0.3%** |  |  |  |
| 175000 | Aramark Services, Inc.<sup>(b)</sup> |  | 5.0000 | &nbsp;&nbsp;&nbsp;02/01/28 | 174741 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME 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 — 11.4% (Continued)** | **CORPORATE BONDS — 11.4% (Continued)** |  |  |  |
|  | **ELECTRIC UTILITIES** — **1.2%** | **ELECTRIC UTILITIES** — **1.2%** |  |  |  |
| 300000 | American Electric Power Company, Inc.<sup>(a)</sup> | H15T5Y + 2.675% | 3.8750 | &nbsp;&nbsp;&nbsp;02/15/62 | $295666 |
| 300000 | Duke Energy Corporation<sup>(a)</sup> | H15T5Y + 2.321% | 3.2500 | &nbsp;&nbsp;&nbsp;01/15/82 | 293748 |
|  |  |  |  |  | 589414 |
|  | **ENTERTAINMENT CONTENT** — **0.4%** | **ENTERTAINMENT CONTENT** — **0.4%** |  |  |  |
| 200000 | Univision Communications, Inc.<sup>(b)</sup> |  | 4.5000 | &nbsp;&nbsp;&nbsp;05/01/29 | 190893 |
|  | **LEISURE FACILITIES & SERVICES** — **1.4%** | **LEISURE FACILITIES & SERVICES** — **1.4%** |  |  |  |
| 200000 | International Game Technology plc<sup>(b)</sup> |  | 5.2500 | &nbsp;&nbsp;&nbsp;01/15/29 | 199222 |
| 175000 | Light & Wonder International Inc<sup>(b)</sup> |  | 7.5000 | &nbsp;&nbsp;&nbsp;09/01/31 | 182451 |
| 200000 | Penn National Gaming, Inc.<sup>(b)</sup> |  | 4.1250 | &nbsp;&nbsp;&nbsp;07/01/29 | 190425 |
| 175000 | Station Casinos, LLC<sup>(b)</sup> |  | 4.5000 | &nbsp;&nbsp;&nbsp;02/15/28 | 172586 |
|  |  |  |  |  | 744684 |
|  | **OIL & GAS PRODUCERS** — **0.6%** | **OIL & GAS PRODUCERS** — **0.6%** |  |  |  |
| 300000 | Enbridge, Inc.<sup>(a)</sup> | US0003M + 3.641% | 6.2500 | &nbsp;&nbsp;&nbsp;03/01/78 | 301498 |
|  | **SPECIALTY FINANCE** — **1.0%** | **SPECIALTY FINANCE** — **1.0%** |  |  |  |
| 300000 | Ally Financial, Inc. Series B<sup>(a)</sup> | H15T5Y + 3.868% | 4.7000 | &nbsp;&nbsp;&nbsp;Perpetual | 299610 |
| 200000 | OneMain Finance Corporation |  | 5.3750 | &nbsp;&nbsp;&nbsp;11/15/29 | 197193 |
|  |  |  |  |  | 496803 |
|  | **TRANSPORTATION & LOGISTICS** — **0.6%** | **TRANSPORTATION & LOGISTICS** — **0.6%** |  |  |  |
| 300000 | United Airlines, Inc.<sup>(b)</sup> |  | 4.6250 | &nbsp;&nbsp;&nbsp;04/15/29 | 296278 |
|  | **TOTAL CORPORATE BONDS (Cost $5,832,464)** | **TOTAL CORPORATE BONDS (Cost $5,832,464)** |  |  | 5831910 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME ETF** | **ANFIELD DYNAMIC FIXED INCOME 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 ($)** |  |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 5.8%** | **U.S. GOVERNMENT & AGENCIES — 5.8%** |  |  |  |
|  | **U.S. TREASURY BILLS** — **5.8%** | **U.S. TREASURY BILLS** — **5.8%** |  |  |  |
| 3000000 | United States Treasury Bill<sup>(c)</sup> |  | 3.5600 | &nbsp;&nbsp;&nbsp;06/09/26 | &nbsp;&nbsp; $2988341 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,988,374)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,988,374)** |  |  | &nbsp;&nbsp; 2988341 |
|  | **TOTAL INVESTMENTS - 99.1% (Cost $51,585,092)** | **TOTAL INVESTMENTS - 99.1% (Cost $51,585,092)** |  |  | &nbsp;&nbsp;&nbsp; $50740922 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.9%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.9%** |  |  | &nbsp;&nbsp; 446023 |
|  | **NET ASSETS - 100.0%** |  |  |  | &nbsp;&nbsp; $51186945 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |  |
| **Number of Contracts** | **Open Long Futures Contracts** | **Broker** | **Expiration** | **Notional Amount<sup>(d)</sup>** | **Value and Unrealized Depreciation** |
| 7 | CBOT 10 Year US Treasury Note | Interactive Broker | 06/22/2026 | &nbsp;&nbsp;&nbsp; $774156 | &nbsp;&nbsp;&nbsp; $(13641) |
| 13 | CBOT 2 Year US Treasury Note Future | Interactive Broker | 07/01/2026 | &nbsp;&nbsp;&nbsp; 2692625 | &nbsp;&nbsp;&nbsp; (12602) |
| 17 | CBOT 5 Year US Treasury Note | Interactive Broker | 07/01/2026 | &nbsp;&nbsp;&nbsp; 1833211 | &nbsp;&nbsp;&nbsp; (28687) |
| 12 | CBOT US Treasure Bond Futures | Interactive Broker | 06/22/2026 | &nbsp;&nbsp;&nbsp; 1354125 | &nbsp;&nbsp;&nbsp; (50156) |
|  | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  | &nbsp;&nbsp; $(105086) |

---

---

| | |
|:---|:---|
| CLO | - Collateralized Loan Obligation |
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| PLC | - Public Limited Company |
| H15T5Y | US Treasury Yield Curve Rate T Note Constant Maturity 5 Year |
| SOFR | United States SOFR Secured Overnight Financing Rate |
| US0003M | ICE LIBOR USD 3 Month |

---

<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 $1,799,592, or 3.5% of net assets.

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

<sup>(d)</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:** Anfield Dynamic Fixed Income ETF

- **b. EDGAR series identifier (if any):** S000067046

- **c. LEI of Series:** 549300VHKKYOY2E08R40

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

- **a. Date of fiscal year-end:** 2026-07-31

- **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:** $51255772.20

**Total Liabilities:** $68826.90

**Net Assets:** $51186945.30

**Cash Not Reported:** $541075.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 32.51730900 | **1-Year:** 278.72627100 | **5-Year:** 321.04841400 | **10-Year:** 0.00000000 | **30-Year:** 542.90068200

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

- **3-Month:** 0.00000000 | **1-Year:** 184.58962400 | **5-Year:** 255.50397100 | **10-Year:** 0.00000000 | **30-Year:** 91.20807000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215717 | 1.09%                | -1.61%               | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-359023.93              | $715543.44                                 |
| Month 2  | $7399.96                 | $-846108.94                                |
| Month 3  | $-695.48                 | $53763.88                                  |

**Designated Index Information**

- **Index Name:** U.S. Aggregate

- **Index Identifier:** I00001US-USD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLY FINANCIAL INC                                   | ALLY 4.7 PERP           | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299610.14    | 0.59%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                    | ARCC 5 1/2 09/01/30     | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296115.45    | 0.58%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                  | UAL 4 5/8 04/15/29      | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296277.99    | 0.58%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                        | F 5.8 03/08/29          | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202793.89    | 0.40%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                            | BNS 3 5/8 10/27/2081    | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $197406.82    | 0.39%             | 2081-10-27      | Fixed         | 3.62%                 | 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        |    200000 | PA      | $190425.18    | 0.37%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                  | NSANY 5.55 09/13/29     | CUSIP: 65480CAH8<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195918.00    | 0.38%             | 2029-09-13      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| JANUS DETROIT STREET TRUST                           | JAN HEND AAA CLO        | CUSIP: 47103U845<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |    101317 | NS      | $5118534.84   | 10.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                               | US 10YR NOTE (CBT)Jun26 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |         7 | NC      | $-13640.63    | -0.03%            |  |  |  | No            |                  1 | 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    | 0.58%             | 2173-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US 5YR NOTE (CBT) Jun26 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        17 | NC      | $-28687.49    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES TRUST                                        | ISHARES US TREAS        | CUSIP: 46429B267<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    308026 | NS      | $7029153.32   | 13.73%            |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OMF 5 3/8 11/15/29      | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197193.26    | 0.39%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                               | IGT 5 1/4 01/15/29      | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $199222.06    | 0.39%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ISHARES TRUST                                        | ISHARES IBOXX HI        | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     61749 | NS      | $4963384.62   | 9.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                                     | DUK 3 1/4 01/15/2082    | CUSIP: 26441CBP9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293747.94    | 0.57%             | 2082-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                         | UVN 4 1/2 05/01/29      | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190892.66    | 0.37%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  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        |    200000 | PA      | $197078.02    | 0.39%             | 2030-09-30      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                 | GM 5.7 PERP             | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98314.60     | 0.19%             | 2069-03-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                 | BAC 4 3/8 PERP          | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297542.01    | 0.58%             | 2174-04-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ISHARES TRUST                                        | ISHARES MBS ETF         | CUSIP: 464288588<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    167347 | NS      | $15861148.66  | 30.99%            |  |  |  | No            |                  1 | On Loan: No      |
| BAIN CAPITAL SPECIALTY FINANCE INC                   | BCSF 5.95 03/15/30      | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294224.52    | 0.57%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                   | LNW 7 1/2 09/01/31      | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182451.40    | 0.36%             | 2031-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US 2YR NOTE (CBT) Jun26 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        13 | NC      | $-12601.56    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                  | AEP 3 7/8 02/15/62      | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295666.53    | 0.58%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US LONG BOND(CBT) Jun26 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        12 | NC      | $-50156.25    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                           | USB 5.3 PERP            | CUSIP: 902973AZ9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199401.02    | 0.39%             | 2049-12-29      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                  | RRR 4 1/2 02/15/28      | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172586.24    | 0.34%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ISHARES TRUST                                        | ISHARES IBOXX IN        | CUSIP: 464287242<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     82209 | NS      | $8948449.65   | 17.48%            |  |  |  | No            |                  1 | On Loan: No      |
| ARAMARK SERVICES INC                                 | ARMK 5 02/01/28         | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174741.12    | 0.34%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                        | C 4.15 PERP             | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198706.82    | 0.39%             | 2170-02-15      | Fixed         | 4.15%                 | 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        |   3000000 | PA      | $2988340.62   | 5.84%             | 2026-06-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LENDING FUND                      | BXSL 5.3 06/30/30       | CUSIP: 09261XAK8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292581.01    | 0.57%             | 2030-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)               | PNC 3.4 PERP            | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271645.74    | 0.53%             | 2172-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                         | ENBCN 6 1/4 03/01/78    | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $301497.90    | 0.59%             | 2078-03-01      | Fixed         | 6.25%                 | No            |                  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