RWILX

Registrant

Two Roads Shared Trust

Type

Mutual Fund

Asset Class

Equity

Peer Asset Class

Asset Allocation

Region

Developed Ex-US

Equity Size & Style

Large Value

Prospectus Benchmark

MSCI ACWI ex USA Index

Peer Group

Allocation - Tactical/Dynamic (94 peers)

Expense Ratio

1.50%

5Y Tax Drag

2.83%/yr

AUM

$91M

3Y Flow

+3.8%

Holdings (Reported)

376

Turnover

49%

Equity

87%

Derivatives

-2%

Net Equity Exposure

82%

The fund employs a strategy designed to track the performance of the Redwood AlphaFactor Tactical International Index, investing primarily in large and mid-cap common stocks from developed and emerging markets outside the United States. It typically holds approximately 100 stocks, selected based on factors such as free cash flow growth and dividend yield, and rebalances quarterly to equal weight. The fund may also invest in derivatives and money market instruments for defensive purposes and can concentrate investments in specific countries or industries as dictated by the index.

Expense ratio and its components from the fund's prospectus fee table; tax drag from its after-tax return table. Turnover from the SEC annual report (1/10/2025). AUM as of 7/31/2026. Holdings, asset class, style, peer group and exposures as of 7/31/2026. Strategy summary from the fund's prospectus.

Equity size and style definitions. Size: each holding is scored against its own market's size curve — Large above $61.7B in the US and $21.4B elsewhere, Small below $10.8B worldwide — and a fund sits at the weighted average of its holdings. Style: each holding's Traditional Value score is ranked against stocks of the same region and size, and a fund sits at the weighted average of those ranks. Both are relative measures — where a holding stands among comparable stocks, not an absolute threshold. The dollar lines are recomputed from total market capitalisation each time the data is refreshed; the shares of the market they mark are what stay fixed. Cell shading and percentages: share of classified holdings weight per box. The grid and the dot are built from one set of per-holding scores — the dot is their weighted average — so they describe the same book at two levels of detail. The Size and Style bars are the grid's row and column totals. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

Hover or click for factor definitions. Weighted average of underlying company-level values with weights equal to position size. Ranked within the clean equity fund universe, one entry per fund series (lowest: 0, highest: 100; the middle of the range is denser than the ends). Blue dots mark the fund; the shaded band spans the Asset Allocation Funds class 25th–75th percentile of scores, notched at the median. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

Hover or click for factor definitions. Weighted average of underlying company-level values with weights equal to position size. Solid blue dots mark the fund's position within the clean equity fund universe (5th–95th percentile scale); the shaded band spans the fund's broad class (Asset Allocation Funds) 25th–75th percentile, notched at the median. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026. AUM as of 7/31/2026.

Shares of the fund's long book, from the asset category each position is filed under. Cash & Short-Term includes 4.6% of net assets the filing does not itemise. The short book is stated under the card and never netted into a slice: a pie cannot draw a negative, and folding a hedge into the class it offsets would make it look like more of that class.

Shares are percentages of the holdings that carry a country, not portfolio weights. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

Shares are percentages of the fund's classified holdings — every position we can identify, with cash and unidentified positions excluded — not portfolio weights. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

Shares are percentages of the fund's classified equity book, renormalized so each split sums to 100% (the equity book is 87% of net assets) — they are not portfolio weights. China exposure: domiciled = incorporated in China or Hong Kong, falling back to the filing's country for holdings outside the stock model. Among the rest, revenue = ≥15% of revenue derived from China; operations = ≥3% of LinkedIn-tracked workforce in China, or ≥2 identified Chinese suppliers making up ≥12% of those identified. China revenue is estimated where segment reporting is absent. Company size bands by holding market cap: Mega >$500B, Large $70–500B, Mid $10–70B, Small $1–10B, Micro <$1B. Old vs New Economy partitions Sparkline's 48 industries: New = technology, internet platforms and entertainment, e-commerce, payments, pharma/biotech/medtech, and renewable energy; Old = everything else. Shares are of classified holdings and sum to 100%. China shares are of total equity weight. Size shares are of scored holdings weight. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

79 positions (top 10 shown, create free account for full holdings)

Sector, country and factor detail need a security match; the share of weight that matched is a member figure, so the rows without one appear here with those columns blank. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

Hover or click for definitions. Solid blue dots mark the fund: percentage rows on a 0–100% scale, holdings counts log-scaled across the clean-universe 5th–95th percentile range. The shaded band spans the fund's broad class (Asset Allocation Funds) 25th–75th percentile, notched at the median. Holdings as of 7/31/2026.

One sub-card per benchmark: the market primary, then the style secondary — the gap between them is the style sleeve itself. Both anchors are Sparkline-inferred (market from asset class and region, style from the holdings size-and-style map), not the fund's official prospectus benchmark. Solid blue dot marks the fund; the shaded band spans the reference set's 25th–75th percentile, notched at the median (band follows the Peer Universe selector). Active Share compares the fund's book with the benchmark's, share for share; Tracking Error is the annualized daily deviation over the trailing two years (ruler runs to just past the universe's 95th percentile, or past the fund's own figure where that is larger); Benchmark Correlation is the plain daily correlation over the trailing year. Hover the labels for full definitions.

Sparkline's own holdings-based peer taxonomy (189 share classes across 94 funds). One share class shown per fund — the exchange-listed class where the SEC series has one, else its longest-history class; percentile ranks and medians are computed against the same deduped set. Quartile chips fill the layer the fund's rank falls in (top layer = best quartile). Funds without a full return history rank only on the horizons they cover.

Nearest funds across the whole universe, by holdings and behavior — the peer taxonomy is ignored, so matches can come from any category.

The method columns are members-only — create a free account to see these figures.

Rows are the consensus top matches (a fund must place in at least two methods' top 250 to qualify, and matches missing more than one of this fund's own methods are not ranked — a row scored on fewer methods is a noisier estimate, not a better match). Click a method column to see that method's own top matches across the whole universe instead. Gray (N) beside each method's metric is that fund's rank in the whole universe on that method. Similarity is a percentile among match-grade fund pairs, 0–100 — 87 means the pair is closer than 87% of the strongest matches in the universe, averaged across the methods — so it compares across funds: index clones tie at the top with thousands of other clone pairs, so scores top out in the high 80s to 90s, while a one-of-a-kind fund's best match can score in the 30s. Rows are ordered by the Consensus Rank — the geometric mean of those universe ranks, shown in each cell's tooltip — and the score is held down the list to the level of the closest match above it, so equal scores mean equally close and the number reads as a floor. A dash means that method has no figure for the pair at all (one of them lacks the holdings or return history it needs). Hover a column header for each method's definition. The “Top…” strips above compare against every fund's own top match across the whole universe (they deliberately don't follow the Peer Universe selector); Top Similarity is simply the best match's score, with no reference band; the Holdings and Active Tilt strips carry no reference band because computing every fund's best book overlap would require a full holdings scan per fund — the dot stands alone on its natural 0–100% scale. One share class shown per fund, and a fund's own sister share classes are excluded from its Top-match strips. Holdings as of 7/31/2026. Consensus Rank is the geometric mean of the match's universe-wide rank across the methods (#1.0 = top match on every one). Holdings Overlap = common-holdings weight (sum of the minimum weight across shared positions, long only). Active Tilt Overlap = the same statistic on active weights (holdings minus the fund's own default benchmark, floored at 0), which strips the benchmark ballast that dominates raw overlap. Factor Similarity = 100 − a signature-weighted RMS gap across the composite factor scores (0–100 ranks within the clean equity fund universe), each axis weighted by how far this fund sits from the universe median of 50.