# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-26-010093
**Filing Date:** 2026-6
**Character Count:** 19291
**Document Hash:** 4e2d4be038c941032baaa22163d4385d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-010093.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000910472-26-010093

**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:** 261132232

**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

### Liberty One Tactical Income ETF (Series ID: S000095370)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000264089 | Liberty One Tactical Income ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **LIBERTY ONE TACTICAL INCOME ETF** | **LIBERTY ONE TACTICAL INCOME ETF** | **LIBERTY ONE TACTICAL INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 52.5%** |  |
|  | **AEROSPACE & DEFENSE - 2.0%** |  |
| 1447 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; $838508 |
|  | **BEVERAGES - 2.3%** |  |
| 12538 | Coca-Cola Company (The) | &nbsp;&nbsp;&nbsp; 987493 |
|  | **BIOTECH & PHARMA - 7.2%** |  |
| 1155 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 1079463 |
| 7423 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 971225 |
| 4622 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 1062367 |
|  |  | &nbsp;&nbsp; 3113055 |
|  | **COMMERCIAL SUPPORT SERVICES - 3.8%** |  |
| 3630 | Republic Services, Inc. | &nbsp;&nbsp;&nbsp; 759469 |
| 3795 | Waste Management, Inc. | &nbsp;&nbsp;&nbsp; 882527 |
|  |  | &nbsp;&nbsp; 1641996 |
|  | **ELECTRIC UTILITIES - 8.7%** |  |
| 12544 | Alliant Energy Corporation | &nbsp;&nbsp;&nbsp; 921106 |
| 6765 | Duke Energy Corporation | &nbsp;&nbsp;&nbsp; 876406 |
| 8914 | Entergy Corporation | &nbsp;&nbsp;&nbsp; 1051049 |
| 8910 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 861597 |
|  |  | &nbsp;&nbsp; 3710158 |
|  | **HEALTH CARE FACILITIES & SERVICES - 4.6%** |  |
| 5447 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 1050617 |
| 2475 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 916938 |
|  |  | &nbsp;&nbsp; 1967555 |
|  | **HOUSEHOLD PRODUCTS - 1.9%** |  |
| 5443 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 800611 |
|  | **INDUSTRIAL SUPPORT SERVICES - 1.9%** |  |
| 691 | WW Grainger, Inc. | &nbsp;&nbsp;&nbsp; 802493 |
|  | **INSURANCE - 2.3%** |  |
| 2970 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 971190 |

---

---

| | | |
|:---|:---|:---|
| **LIBERTY ONE TACTICAL INCOME ETF** | **LIBERTY ONE TACTICAL INCOME ETF** | **LIBERTY ONE TACTICAL INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 52.5% (Continued)** |  |
|  | **INTERNET MEDIA & SERVICES - 2.3%** |  |
| 2597 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; $991898 |
|  | **LEISURE FACILITIES & SERVICES - 1.9%** |  |
| 2803 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; 822933 |
|  | **RETAIL - CONSUMER STAPLES - 2.0%** |  |
| 12542 | Kroger Company (The) | &nbsp;&nbsp;&nbsp; 853734 |
|  | **RETAIL REIT - 2.1%** |  |
| 11713 | Agree Realty Corporation | &nbsp;&nbsp;&nbsp; 903189 |
|  | **SEMICONDUCTORS - 2.4%** |  |
| 2540 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 1060272 |
|  | **SOFTWARE - 1.6%** |  |
| 1650 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 672837 |
|  | **TECHNOLOGY HARDWARE - 1.9%** |  |
| 1815 | Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp; 796839 |
|  | **TECHNOLOGY SERVICES - 1.8%** |  |
| 2315 | Visa, Inc., Class A | &nbsp;&nbsp;&nbsp; 763580 |
|  | **TELECOMMUNICATIONS - 1.8%** |  |
| 29523 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 771436 |
|  | **TOTAL COMMON STOCKS (Cost $21,587,618)** | &nbsp;&nbsp; 22469777 |
|  | **EXCHANGE-TRADED FUNDS — 46.8%** |  |
|  | **FIXED INCOME - 46.8%** |  |
| 56261 | Eaton Vance Short Duration Income ETF, USD Class | &nbsp;&nbsp;&nbsp; 2867342 |
| 34974 | Hartford Strategic Income ETF, USD Class | &nbsp;&nbsp;&nbsp; 1227587 |

---

---

| | | |
|:---|:---|:---|
| **LIBERTY ONE TACTICAL INCOME ETF** | **LIBERTY ONE TACTICAL INCOME ETF** | **LIBERTY ONE TACTICAL INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 46.8% (Continued)** |  |
|  | **FIXED INCOME - 46.8% (Continued)** |  |
| 24750 | iShares Core U.S. Aggregate Bond ETF | &nbsp;&nbsp;&nbsp; $2452725 |
| 71276 | JPMorgan Income ETF, USD Class | &nbsp;&nbsp;&nbsp; 3288675 |
| 108069 | PIMCO Multi Sector Bond Active ETF | &nbsp;&nbsp;&nbsp; 2858425 |
| 72761 | TCW Flexible Income ETF, USD Class | &nbsp;&nbsp;&nbsp; 2863873 |
| 26565 | Vanguard Long-Term Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 1982015 |
| 52963 | Vanguard Mortgage-Backed Securities ETF | &nbsp;&nbsp;&nbsp; 2484494 |
|  |  | &nbsp;&nbsp; 20025136 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $20,228,670)** | &nbsp;&nbsp; 20025136 |
|  | **SHORT-TERM INVESTMENTS — 0.8%** |  |
|  | **MONEY MARKET FUNDS - 0.8%** |  |
| 338910 | First American Treasury Obligations Fund, Class X, 3.58% (Cost $338,910)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 338910 |
|  | **TOTAL INVESTMENTS - 100.1% (Cost $42,155,198)** | &nbsp;&nbsp;&nbsp; $42833823 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%** | &nbsp;&nbsp; (48247) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $42785576 |
| ETF | - Exchange-Traded Fund |  |
| Ltd. | - Limited Company |  |
| REIT | - Real Estate Investment Trust |  |

---

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of April 30, 2026.

## 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:** Liberty One Tactical Income ETF

- **b. EDGAR series identifier (if any):** S000095370

- **c. LEI of Series:** 529900SLUYQK313POG32

**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:** $42959928.10

**Total Liabilities:** $174352.08

**Net Assets:** $42785576.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264089 | 3.46%                | -3.21%               | 1.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24221.05                | $1144906.44                                |
| Month 2  | $0.00                    | $-1321699.96                               |
| Month 3  | $0.00                    | $550650.45                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITEDHEALTH GROUP INC                 | UNITEDHEALTH GRP | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2475 | NS      | $916938.00    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & COMPANY                    | ELI LILLY & CO   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1155 | NS      | $1079463.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                           | ALPHABET INC-C   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2597 | NS      | $991898.18    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE STRATEGIES TRUST               | HAR STR INC ET-U | CUSIP: 41653L875<br>LEI: 549300X74R262ISYFF63 | Long             | EC               | RF                | US        |     34974 | NS      | $1227587.40   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES TRUST                          | ISHARES CORE U.S | CUSIP: 464287226<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     24750 | NS      | $2452725.00   | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC                  | REPUBLIC SVCS    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      3630 | NS      | $759468.60    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN EXCHANGE-TRADED FUND TRUST | JPMORGAN INC ETF | CUSIP: 46641Q159<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |     71276 | NS      | $3288674.64   | 7.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO ETF TRUST                        | PIMCO MULTISECT  | CUSIP: 72201R585<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |    108069 | NS      | $2858425.05   | 6.68%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                               | VISA INC-CLASS A | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2315 | NS      | $763579.60    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH INC                    | CARDINAL HEALTH  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      5447 | NS      | $1050617.36   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                               | AT&T INC         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     29523 | NS      | $771435.99    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VANGUARD SCOTTSDALE FUNDS              | VANGUARD MORTGAG | CUSIP: 92206C771<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     52963 | NS      | $2484494.33   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY ETF TRUST               | EV-SHRT DUR      | CUSIP: 61774R825<br>LEI: 549300HASXQLXGOR9H31 | Long             | EC               | RF                | US        |     56261 | NS      | $2867341.87   | 6.70%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC                   | WASTE MANAGEMENT | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      3795 | NS      | $882527.25    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE COMPANY (THE)         | PROCTER & GAMBLE | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      5443 | NS      | $800610.87    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                 | MOTOROLA SOLUTIO | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1815 | NS      | $796839.45    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| W.W. GRAINGER INC                      | WW GRAINGER INC  | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       691 | NS      | $802492.85    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TCW ETF TRUST                          | TCW FLEX INC ETF | CUSIP: 29287L700<br>LEI: 549300NV06RWMAEJ2V61 | Long             | EC               | RF                | US        |     72761 | NS      | $2863872.96   | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER COMPANY (THE)                   | KROGER CO        | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     12542 | NS      | $853733.94    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                       | DUKE ENERGY CORP | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      6765 | NS      | $876405.75    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                         | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1650 | NS      | $672837.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                           | ENTERGY CORP     | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      8914 | NS      | $1051049.74   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FUNDS INC               | FIRST AM-TR OB-X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    338910 | PA      | $338909.88    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD (SWITZERLAND)                | CHUBB LTD        | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2970 | NS      | $971190.00    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                      | JOHNSON&JOHNSON  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4622 | NS      | $1062366.70   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                    | GILEAD SCIENCES  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      7423 | NS      | $971225.32    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                           | BROADCOM INC     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2540 | NS      | $1060272.20   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP                    | ALLIANT ENERGY   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     12544 | NS      | $921105.92    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VANGUARD SCOTTSDALE FUNDS              | VANGUARD LONG-TE | CUSIP: 92206C813<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     26565 | NS      | $1982014.65   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORP                        | MCDONALDS CORP   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2803 | NS      | $822932.77    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                  | NORTHROP GRUMMAN | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1447 | NS      | $838507.56    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE REALTY CORP                      | AGREE REALTY     | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     11713 | NS      | $903189.43    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA COMPANY (THE)                | COCA-COLA CO/THE | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     12538 | NS      | $987492.88    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COMPANY (THE)                 | SOUTHERN CO      | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      8910 | NS      | $861597.00    | 2.01%             |  |  |  | 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