# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-006229
**Filing Date:** 2025-12
**Character Count:** 11429
**Document Hash:** 09176f74f23c9f7bfeefbda8b0ae301c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006229.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006229

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**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:** 251606395

**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

### Recurrent MLP & Infrastructure Fund (Series ID: S000059371)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000194765 | Recurrent MLP & Infrastructure Fund Class I | RMLPX           |

## 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:** Recurrent MLP & Energy Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000059371

- **c. LEI of Series:** 5493004TRGCEC6T80E91

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1183097604.02

**Total Liabilities:** $1174140.23

**Net Assets:** $1181923463.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194765 | 2.14%                | 1.80%                | -3.86%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3894536.98              | $15554600.84                               |
| Month 2  | $-4.27                   | $18656981.02                               |
| Month 3  | $861852.47               | $-51344027.48                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Energy Transfer LP                | ENERGY TRANSFER  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   4774504 | NS      | $80354902.32  | 6.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP             | PLAINS GP HOLD-A | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |   2294277 | NS      | $39622163.79  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                    | PBF ENERGY INC-A | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |   1450919 | NS      | $49577902.23  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc               | CHENIERE ENERGY  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    247314 | NS      | $52430568.00  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                        | ONEOK INC        | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |   1099406 | NS      | $73660202.00  | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                    | TC ENERGY CORP   | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    204390 | NS      | $10252202.40  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Altagas Ltd                       | ALTAGAS LTD      | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |    929152 | NS      | $27274027.91  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P. | ENTERPRISE PRODU | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   1610476 | NS      | $49586556.04  | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.             | TARGA RESOURCES  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    501597 | NS      | $77266001.88  | 6.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                | CENOVUS ENERGY   | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |   5643414 | NS      | $95486564.88  | 8.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                  | DT MIDSTREAM     | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    324000 | NS      | $35474760.00  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.               | KINDER MORGAN IN | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1391065 | NS      | $36431992.35  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                       | PHILLIPS 66      | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    413643 | NS      | $56313358.02  | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                   | MURPHY USA INC   | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |    112351 | NS      | $40244128.20  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                     | ENBRIDGE INC     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    429734 | NS      | $20034199.08  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)     | WILLIAMS COS INC | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    717575 | NS      | $41526065.25  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp.                   | SOUTH BOW CORP   | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |   1506325 | NS      | $39059007.25  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.          | MARATHON PETROLE | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    250559 | NS      | $48836454.69  | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                | SUNCOR ENERGY    | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |   1568608 | NS      | $62446284.48  | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunoco LP                         | SUNOCO LP        | CUSIP: 86765K109<br>LEI: 54930001NJU8E40NQ561 | Long             | EC               | CORP              | US        |    883988 | NS      | $46161853.36  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corporation      | PEMBINA PIPELINE | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |   1574531 | NS      | $59564507.73  | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners, L.P.  | ALLIANCE RESOURC | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |    626448 | NS      | $15329182.56  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp.                      | KEYERA CORP      | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |   1684860 | NS      | $49745144.63  | 4.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Viper Energy Inc.                 | VIPER ENERGY I-A | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    307467 | NS      | $11548460.52  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP     | WESTERN MIDSTREA | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1286885 | NS      | $48219580.95  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.         | FRST AM-GV OB-X  | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  12248423 | PA      | $12248423.31  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer