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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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          <broker>
            <brokerName>Investment Technology Group</brokerName>
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          <broker>
            <brokerName>Loop Capital</brokerName>
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        <aggregateCommission>5153.28</aggregateCommission>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Anfield Universal Fixed Income Fund</mgmtInvFundName>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
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        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Anfield Capital Management, LLC</investmentAdviserName>
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          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg</pricingServiceName>
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          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Interactive Brokers LLC</custodianName>
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          <custodian>
            <custodianName>The Huntington National Bank</custodianName>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>FTN Financial Securities Corp.</principalName>
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            <principalName>Raymond James Financial, Inc.</principalName>
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            <principalName>Knight Capital Group, Inc.</principalName>
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          <principalTransaction>
            <principalName>Interactive Brokers LLC</principalName>
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            <principalName>National Alliance Securities, LLC</principalName>
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            <principalStateCountry principalState="US-NV" principalCountry="US"/>
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        <principalAggregatePurchase>321872653.00</principalAggregatePurchase>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Redwood AlphaFactor Tactical Core Fund</mgmtInvFundName>
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          <sharesOutstanding sharesOutstandingClassName="Redwood AlphaFactor Tactical Core Fund Class N" sharesOutstandingClassId="C000178522" sharesOutstandingTickerSymbol="RWTNX"/>
          <sharesOutstanding sharesOutstandingClassName="Redwood AlphaFactor Tactical Core Fund Class I" sharesOutstandingClassId="C000178521" sharesOutstandingTickerSymbol="RWTIX"/>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
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        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Redwood Investment Management, LLC</investmentAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank</custodianName>
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            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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        <brokers>
          <broker>
            <brokerName>Wallachbeth</brokerName>
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          <principalTransaction>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Redwood Managed Volatility Fund</mgmtInvFundName>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
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        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Redwood Investment Management, LLC</investmentAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank</custodianName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
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            <adminName>Gemini Fund Services, LLC</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>BTIG LLC</brokerName>
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            <grossCommission>224640.00000000</grossCommission>
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        <aggregateCommission>224640.00000000</aggregateCommission>
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          <principalTransaction>
            <principalName>MUFG Union Bank</principalName>
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            <principalTotalPurchaseSale>136784747.00000000</principalTotalPurchaseSale>
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        <principalAggregatePurchase>136784747.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>436894703.00000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Redwood Activist Leaders Fund</mgmtInvFundName>
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        <mgmtInvLei>549300U6DBWDSAKEL105</mgmtInvLei>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Redwood Investment Management, LLC</investmentAdviserName>
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            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
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          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank</custodianName>
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        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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            <isAdminSubAdmin>N</isAdminSubAdmin>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Wallachbeth</brokerName>
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            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NJ" brokerCountry="US"/>
            <grossCommission>47552.00000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>47552.00000000</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>31338548.00000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Redwood Managed Municipal Income Fund</mgmtInvFundName>
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        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Redwood Managed Municipal Income Fund Class N" sharesOutstandingClassId="C000178524" sharesOutstandingTickerSymbol="RWMNX"/>
          <sharesOutstanding sharesOutstandingClassName="Redwood Managed Municipal Income Fund Class I" sharesOutstandingClassId="C000178523" sharesOutstandingTickerSymbol="RWMIX"/>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Redwood Investment Management, LLC</investmentAdviserName>
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            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank</custodianName>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
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            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>MUFG Union Bank</principalName>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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        <principalAggregatePurchase>471307310.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>102872852.00000000</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
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              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="BNP Paribas"/>
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              <soleCreditType creditType="Sole"/>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Redwood AlphaFactor Tactical International Fund</mgmtInvFundName>
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        <mgmtInvLei>549300KZNRX88K80NH13</mgmtInvLei>
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          <sharesOutstanding sharesOutstandingClassName="Redwood AlphaFactor Tactical International Fund Class I" sharesOutstandingClassId="C000195030" sharesOutstandingTickerSymbol="RWIIX"/>
          <sharesOutstanding sharesOutstandingClassName="Redwood AlphaFactor Tactical International Fund Class N" sharesOutstandingClassId="C000195031" sharesOutstandingTickerSymbol="RWINX"/>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Redwood Investment Management, LLC</investmentAdviserName>
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            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank</custodianName>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Wallachbeth</brokerName>
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            <brokerStateCountry brokerState="US-NJ" brokerCountry="US"/>
            <grossCommission>76732.00000000</grossCommission>
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        <aggregateCommission>76732.00000000</aggregateCommission>
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        <hasLineOfCredit>N</hasLineOfCredit>
        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Redwood Systematic Macro Trend</mgmtInvFundName>
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          <sharesOutstanding sharesOutstandingClassName="Redwood Systematic Macro Trend Fund Class N" sharesOutstandingClassId="C000195033" sharesOutstandingTickerSymbol="RWSNX"/>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
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        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
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        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Redwood Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-78563</investmentAdviserFileNo>
            <investmentAdviserCrdNo>N/A</investmentAdviserCrdNo>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank</custodianName>
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            <custodianStateCountry custodianState="US-CA" custodianCountry="US"/>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Wallachbeth</brokerName>
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            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NJ" brokerCountry="US"/>
            <grossCommission>23591.00000000</grossCommission>
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        <aggregateCommission>23591.00000000</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
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        <mnthlyAvgNetAssets>47181197.00000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Redwood LeaderShares AlphaFactor Core ETF</mgmtInvFundName>
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        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Redwood Investment Management, LLC</investmentAdviserName>
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            <investmentAdviserCrdNo>N/A</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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          <broker>
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      <exchangeTradedFund>
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        <securityExchanges>
          <securityExchange fundExchange="ARCX" fundsTickerSymbol="lsaf"/>
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        <isCollateralRequired>N</isCollateralRequired>
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    </exchangeSeriesInfo>
    <signature registrantSignedName="Two Roads Shared Trust" signedDate="2019-01-04" signature="James Colantino" title="President"/>
  </formData>
</edgarSubmission>
