# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-006033
**Filing Date:** 2025-12
**Character Count:** 29071
**Document Hash:** cf16165cf3a58c32dcea187a482280e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006033.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006033

**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:** 251604910

**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 AlphaFactor Tactical International Fund (Series ID: S000059550)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000195030 | Redwood AlphaFactor Tactical International Fund Class I | RWILX           |
| C000195031 | Redwood AlphaFactor Tactical International Fund Class N | RWINX           |

## 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 AlphaFactor Tactical International Fund

- **b. EDGAR series identifier (if any):** S000059550

- **c. LEI of Series:** 549300KZNRX88K80NH13

**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:** $189980119.40

**Total Liabilities:** $87777411.97

**Net Assets:** $102202707.43

**Cash Not Reported:** $6872850.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195030 | 5.43%                | 0.96%                | 1.02%                |
| Class ID C000195031 | 5.43%                | 0.96%                | 1.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $420675.93               | $4743987.28                                |
| Month 2  | $2820693.21              | $-2579994.72                               |
| Month 3  | $6807309.87              | $-6177941.71                               |

**Designated Index Information**

- **Index Name:** MSCI/AC WORLD INDEX ex USA (Net)

- **Index Identifier:** 899901N

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LY Corporation                                    | Yahoo Japan Corp        | CUSIP: J9894K105<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    373676 | NS      | $1098426.60   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Subaru Corp.                                      | SUBARU CORP             | CUSIP: J7676H100<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |     50403 | NS      | $1073754.27   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | ISHARES CORE MSCI EM    | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    366500 | NS      | $-12497.65    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp.                                 | Bridgestone Corp        | CUSIP: J04578126<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |     24723 | NS      | $1085131.58   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexon Co Ltd.                                     | NEXON CO LTD            | CUSIP: J4914X104<br>LEI: 5299005SFO0GAJFLKN43 | Long             | EC               | CORP              | JP        |     54846 | NS      | $1121071.07   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.            | CHECK POINT SOFT        | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      5484 | NS      | $1073109.12   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Screen Holdings Co Ltd.                           | SCREEN HOLDINGS CO LTD  | CUSIP: J6988U114<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |     11708 | NS      | $1115666.26   | 1.09%             |  |  |  | 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        |    545664 | NS      | $13685245.95  | 13.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                               | AMADEUS IT GROUP        | CUSIP: E04648114<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     14028 | NS      | $1072434.54   | 1.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Continental AG                                    | CONTINENTAL AG          | CUSIP: D16212140<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     14195 | NS      | $1071456.60   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                       | PANDORA A/S             | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |      7888 | NS      | $1056218.24   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co Ltd.                                | SHIONOGI & CO           | CUSIP: J74229105<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     67136 | NS      | $1123965.04   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                           | GSK PLC                 | CUSIP: G3910J179<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     46694 | NS      | $1092162.25   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited                | CAN NATURAL RES         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     33558 | NS      | $1073578.45   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica S.p.A. | Recordati SpA           | CUSIP: T78458139<br>LEI: 815600FBF92FD3531704 | Long             | EC               | CORP              | IT        |     18286 | NS      | $1085566.57   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                                      | US BANK MMDA - USBGFS 9 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2235460 | PA      | $2235460.07   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                                        | HEXAGON AB-B            | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |     86005 | NS      | $1055064.48   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Limited                                   | WIX.COM LTD             | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      7962 | NS      | $1158789.48   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Elisa OYJ                                         | ELISA OYJ               | CUSIP: X1949T102<br>LEI: 743700TU2S3DXWGU7H32 | Long             | EC               | CORP              | FI        |     23954 | NS      | $1055908.89   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                         | LOGITECH INTER-R        | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      9320 | NS      | $1119813.09   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                         | FRESENIUS MEDICA        | CUSIP: D2734Z107<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     19862 | NS      | $1066022.73   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica, S.A.                                  | TELEFONICA              | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    206479 | NS      | $1044176.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson (publ)            | ERICSSON LM-B           | CUSIP: W26049119<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    106467 | NS      | $1073553.15   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp.                                  | MITSUBISHI CORP         | CUSIP: J43830116<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     45295 | NS      | $1091027.92   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes                                 | DASSAULT SYSTEME        | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     37870 | NS      | $1075202.42   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                                       | BRENNTAG SE             | CUSIP: D12459117<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |     19345 | NS      | $1073731.12   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                                   | KNORR-BREMSE AG         | CUSIP: D4S43E114<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |     11546 | NS      | $1072746.51   | 1.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TotalEnergies SE                                  | TOTALENERGIES SE        | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     17158 | NS      | $1067059.48   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                     | KONINKLIJKE AHOL        | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     25782 | NS      | $1055353.11   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Telenor ASA                                       | TELENOR ASA             | CUSIP: R21882106<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |     70497 | NS      | $1048120.05   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                        | LEGRAND SA              | CUSIP: F56196185<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |      6247 | NS      | $1076572.33   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                              | SCHINDLER HLD-PC        | CUSIP: H7258G209<br>LEI: 5299007DRLI319H7Q933 | Long             | EP               | CORP              | CH        |      2994 | NS      | $1064169.51   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                                 | ASHTEAD GROUP           | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     15878 | NS      | $1058352.56   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                            | MERCEDES-BENZ GR        | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     16351 | NS      | $1059469.41   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                                 | PDD HOLDINGS INC        | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      7835 | NS      | $1056706.45   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                              | RYANAIR HLDGS           | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     36358 | NS      | $1100170.03   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Makita Corp.                                      | Makita Corp             | CUSIP: J39584107<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     35596 | NS      | $1080073.56   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                               | DEUTSCHE TELEKOM        | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     32894 | NS      | $1019619.20   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                       | EQUINOR ASA             | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     44589 | NS      | $1065267.11   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Ltd.                           | SINGAPORE EXCH          | CUSIP: Y79946102<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |     82194 | NS      | $1069061.90   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Holdings Inc                                  | SBI Holdings Inc/Japan  | CUSIP: J6991H100<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |     25205 | NS      | $1130820.60   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                                | SUNCOR ENERGY           | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     26959 | NS      | $1073516.20   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC Resources Ltd.                                | ARC RESOURCES LT        | CUSIP: 00208D408<br>LEI: FIR47I6FEYKYNJBYW622 | Long             | EC               | CORP              | CA        |     59075 | NS      | $1089636.91   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Tire Corp Ltd.                           | Canadian Tire Corp Ltd  | CUSIP: 136681202<br>LEI: 549300RLHDA7VQYMUB14 | Long             | EC               | CORP              | CA        |      9054 | NS      | $1038348.65   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                   | ASTRAZENECA PLC         | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      6513 | NS      | $1066919.46   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                         | SHELL PLC               | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     28450 | NS      | $1064216.79   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA - Empresa Nacional Electricidad         | ENDESA                  | CUSIP: E41222113<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     30259 | NS      | $1084440.70   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Swisscom AG                                       | SWISSCOM AG-REG         | CUSIP: H8398N104<br>LEI: 5493005SL9HHOXS3B739 | Long             | EC               | CORP              | CH        |      1494 | NS      | $1094529.30   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                  | DHL GROUP               | CUSIP: D19225107<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     23328 | NS      | $1070264.44   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                   | MITSUBISHI CHEMI        | CUSIP: J44046100<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |    197435 | NS      | $1032739.29   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissan Motor Co Ltd.                              | NISSAN MOTOR CO         | CUSIP: J57160129<br>LEI: 353800DRBDH1LUTNAY26 | Long             | EC               | CORP              | JP        |    452222 | NS      | $1037334.30   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                      | UBS GROUP AG            | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     28181 | NS      | $1076246.98   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire Co Ltd.                                    | EMPIRE CO LTD A         | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     32338 | NS      | $1098645.82   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                                           | CGI INC                 | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |     12539 | NS      | $1091234.07   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INVESTOR TAX-EXE                    | GS-GOVT-ADM             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1548846 | PA      | $1548845.96   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad N.V                                      | RANDSTAD NV             | CUSIP: N7291Y137<br>LEI: 7245009EAAUUQJ0U4T57 | Long             | EC               | CORP              | NL        |     27028 | NS      | $1058999.10   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hennes & Mauritz AB                               | HENNES & MAURI-B        | CUSIP: W41422101<br>LEI: 529900O5RR7R39FRDM42 | Long             | EC               | CORP              | SE        |     56544 | NS      | $1073063.14   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JDE Peets N.V                                     | JDE PEET'S NV           | CUSIP: N44664105<br>LEI: 724500EHG519SE5ZRT89 | Long             | EC               | CORP              | NL        |     29415 | NS      | $1070807.72   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila Oyj Abp                                  | WARTSILA OYJ ABP        | CUSIP: X98155116<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |     32813 | NS      | $1073089.12   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuehne & Nagel International AG                   | KUEHNE & NAGEL-R        | CUSIP: H4673L145<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |      5478 | NS      | $1048421.05   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller-Maersk                                  | AP MOLLER-B             | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |       499 | NS      | $1028517.43   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd.                           | OTSUKA HOLDINGS         | CUSIP: J63117105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20129 | NS      | $1093787.08   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                            | YARA INTL ASA           | CUSIP: R9900C106<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     29120 | NS      | $1061374.10   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN N.V.                              | KPN (KONIN) NV          | CUSIP: N4297B146<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    231312 | NS      | $1071367.86   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                       | NOVARTIS AG-REG         | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      8754 | NS      | $1079984.56   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                                      | HITACHI LTD             | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     33595 | NS      | $1159312.75   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                      | EVOLUTION AB            | CUSIP: W3287P115<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |     15551 | NS      | $1039709.07   | 1.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Aisin Corp.                                       | AISIN CORP              | CUSIP: J00714105<br>LEI: 3538004IOK08PDY6I723 | Long             | EC               | CORP              | JP        |     62447 | NS      | $1124278.60   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius Stedim Biotech SA                       | SARTORIUS STEDIM        | CUSIP: F8005V210<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |      4446 | NS      | $1061914.93   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc                             | TFI INTERNATIONAL INC   | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     12060 | NS      | $1083770.56   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                                | KINROSS GOLD            | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     46724 | NS      | $1086689.87   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                                        | VERBUND AG              | CUSIP: A91460104<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |     14225 | NS      | $1097825.65   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd.                          | RECRUIT HOLDINGS        | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     21907 | NS      | $1095726.71   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                         | AIRBUS SE               | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      4457 | NS      | $1096396.31   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eneos Holdings Inc                                | ENEOS HOLDINGS I        | CUSIP: J29699105<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    172228 | NS      | $1087188.76   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME S.A.                                     | AENA SME SA             | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     40162 | NS      | $1090276.77   | 1.07%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BP PLC                                            | BP PLC                  | CUSIP: G12793108<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    185275 | NS      | $1076509.50   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab As                                         | GENMAB A/S              | CUSIP: K3967W102<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      3731 | NS      | $1058371.11   | 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