# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-26-014801
**Filing Date:** 2026-6
**Character Count:** 66588
**Document Hash:** 7a7aaf86a631e5c03da76247cb2b74c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-014801.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002071691-26-014801

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FLEXSHARES TRUST
- **CENTRAL INDEX KEY:** 0001491978

**ORGANIZATION NAME:**
- **EIN:** 272560399
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22555
- **FILM NUMBER:** 261119247

**BUSINESS ADDRESS:**
- **STREET 1:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (855) 353-9383

**MAIL ADDRESS:**
- **STREET 1:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FlexShares Trust
- **DATE OF NAME CHANGE:** 20110414

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NT ETF Trust
- **DATE OF NAME CHANGE:** 20100513

## Series and Classes Contracts Data

### FlexShares Emerging Markets Quality Low Volatility Index Fund (Series ID: S000065839)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000212721 | FlexShares Emerging Markets Quality Low Volatility Index Fund | QLVE            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FlexShares Trust

- **b. Investment Company Act file number:** 811-22555

- **c. CIK number of Registrant:** 0001491978

- **d. LEI of Registrant:** 5493007FU2RQX77I4604

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 855-353-9383

**Item A.2. Information about the Series.**

- **a. Name of Series:** FlexShares Emerging Markets Quality Low Volatility Index Fund

- **b. EDGAR series identifier (if any):** S000065839

- **c. LEI of Series:** 549300CTSJ1UGMNAYU07

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

- **a. Date of fiscal year-end:** 2026-10-31

- **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:** $15983089.23

**Total Liabilities:** $34974.26

**Net Assets:** $15948114.97

**Cash Not Reported:** $61112.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212721 | 3.42%                | -10.69%              | 10.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $70592.82                | $364920.72                                 |
| Month 2  | $223985.55               | $-1992141.05                               |
| Month 3  | $-65.61                  | $1455587.51                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Banco BBVA Peru SA                                 | Banco BBVA Peru SA                                  | CUSIP: N/A<br>LEI: 549300H1JNU0HLNFU552       | Long             | EC               | CORP              | PE        |      8733 | NS      | $4525.32      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                            | Vale SA                                             | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |      2500 | NS      | $40733.38     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd.                                     | Credicorp Ltd.                                      | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | US        |       275 | NS      | $89146.75     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Promotora y Operadora de Infraestructura SAB de CV | Promotora y Operadora de Infraestructura SAB de CV  | CUSIP: N/A<br>LEI: 52990035X6RK8DBUWA73       | Long             | EC               | CORP              | MX        |      1650 | NS      | $26061.56     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase, Inc.                                      | NetEase, Inc.                                       | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | US        |       500 | NS      | $58755.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                             | Grupo Mexico SAB de CV, Series B                    | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |       500 | NS      | $5459.11      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Klabin SA                                          | Klabin SA (Preference)                              | CUSIP: N/A<br>LEI: 254900C8UYA6YUPSDU10       | Long             | EC               | CORP              | BR        |      5530 | NS      | $3962.37      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $488.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                            | Sberbank of Russia PJSC                             | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |     12360 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Celcomdigi Bhd.                                    | Celcomdigi Bhd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    105500 | NS      | $79692.81     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                           | Reliance Industries Ltd.                            | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |      1395 | NS      | $21029.26     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Huaneng Power International, Inc.                  | Huaneng Power International, Inc., Class H          | CUSIP: N/A<br>LEI: 529900WU0SMVKMPG4V21       | Long             | EC               | CORP              | HK        |     92000 | NS      | $73400.35     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Shree Cement Ltd.                                  | Shree Cement Ltd.                                   | CUSIP: N/A<br>LEI: 335800W6FNBDUZ89L830       | Long             | EC               | CORP              | IN        |        15 | NS      | $3823.73      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive India Ltd.                       | Colgate-Palmolive India Ltd.                        | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |      4755 | NS      | $105015.67    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Lupin Ltd.                                         | Lupin Ltd.                                          | CUSIP: N/A<br>LEI: 335800HHXTESDEE2FC65       | Long             | EC               | CORP              | IN        |      2505 | NS      | $60839.72     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chang Hwa Commercial Bank Ltd.                     | Chang Hwa Commercial Bank Ltd.                      | CUSIP: N/A<br>LEI: 549300FHFNGCSKDTHT42       | Long             | EC               | CORP              | TW        |    125000 | NS      | $83439.85     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                       | Infosys Ltd.                                        | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |      3755 | NS      | $46754.65     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MRF Ltd.                                           | MRF Ltd.                                            | CUSIP: N/A<br>LEI: 335800EQP78LTJ76DZ82       | Long             | EC               | CORP              | IN        |        46 | NS      | $62864.02     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co. Ltd.                                | SK Telecom Co. Ltd.                                 | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |      1510 | NS      | $96818.37     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| RHB Bank Bhd.                                      | RHB Bank Bhd.                                       | CUSIP: N/A<br>LEI: 549300ZHRPSV7QIUJT80       | Long             | EC               | CORP              | MY        |     41500 | NS      | $85058.54     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics, Inc.                            | Delta Electronics, Inc.                             | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |      1600 | NS      | $109327.90    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Unilever Ltd.                            | Hindustan Unilever Ltd.                             | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |      5850 | NS      | $138734.01    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                   | Apollo Hospitals Enterprise Ltd.                    | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      1035 | NS      | $83273.26     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co. Ltd.                          | Chunghwa Telecom Co. Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25000 | NS      | $107307.99    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Mobile Co. Ltd.                             | Taiwan Mobile Co. Ltd.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25000 | NS      | $87976.77     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp.                   | China Petroleum & Chemical Corp., Class H           | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | HK        |    150000 | NS      | $88271.90     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                              | HCL Technologies Ltd.                               | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |      8710 | NS      | $110038.44    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Telecommunications Group Co. PJSC         | Emirates Telecommunications Group Co. PJSC          | CUSIP: N/A<br>LEI: 529900XDPQPWEQ9BGB80       | Long             | EC               | CORP              | AE        |      5135 | NS      | $26004.25     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hero MotoCorp Ltd.                                 | Hero MotoCorp Ltd.                                  | CUSIP: N/A<br>LEI: 335800Q49FBMZJTRLK49       | Long             | EC               | CORP              | IN        |       645 | NS      | $34650.99     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kunlun Energy Co. Ltd.                             | Kunlun Energy Co. Ltd.                              | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | HK        |     76000 | NS      | $73150.15     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek, Inc.                                     | MediaTek, Inc.                                      | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      1370 | NS      | $112853.29    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Info Service PCL                          | Advanced Info Service PCL                           | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |      6500 | NS      | $67796.61     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Far EasTone Telecommunications Co. Ltd.            | Far EasTone Telecommunications Co. Ltd.             | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |     42500 | NS      | $126757.56    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Leong Bank Bhd.                               | Hong Leong Bank Bhd.                                | CUSIP: N/A<br>LEI: 549300BUPYUQGB5BFX94       | Long             | EC               | CORP              | MY        |     14000 | NS      | $78469.09     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Hai Precision Industry Co. Ltd.                | Hon Hai Precision Industry Co. Ltd.                 | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |      2000 | NS      | $13855.36     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd.                                 | Bharti Airtel Ltd.                                  | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      4910 | NS      | $97606.38     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mega Financial Holding Co. Ltd.                    | Mega Financial Holding Co. Ltd.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     45000 | NS      | $55531.88     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix, Inc.                                     | SK hynix, Inc.                                      | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |       595 | NS      | $515891.32    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp.                         | Korea Electric Power Corp.                          | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               | CORP              | KR        |      2245 | NS      | $65918.12     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank & Trust Co.                      | Metropolitan Bank & Trust Co.                       | CUSIP: N/A<br>LEI: 549300SQYI82RVWFN715       | Long             | EC               | CORP              | PH        |     97850 | NS      | $106644.16    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar Fuel QSC                                     | Qatar Fuel QSC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |     27285 | NS      | $107386.45    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Malayan Banking Bhd.                               | Malayan Banking Bhd.                                | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |     35000 | NS      | $97645.73     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MISC Bhd.                                          | MISC Bhd.                                           | CUSIP: N/A<br>LEI: 9845002055U77FF6B972       | Long             | EC               | CORP              | MY        |     24500 | NS      | $51634.14     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corp.                                        | NAVER Corp.                                         | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |       195 | NS      | $27740.70     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebras Energy                                      | Nebras Energy                                       | CUSIP: N/A<br>LEI: 2763MA9U3F8LNMP1G116       | Long             | EC               | CORP              | QA        |     19060 | NS      | $76690.20     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar International Islamic Bank QSC               | Qatar International Islamic Bank QSC                | CUSIP: N/A<br>LEI: 2549007SZGKT5N5ND952       | Long             | EC               | CORP              | QA        |     26230 | NS      | $81477.97     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Holding Co. Ltd.                   | First Financial Holding Co. Ltd.                    | CUSIP: N/A<br>LEI: 529900BC1U046Q2GUZ64       | Long             | EC               | CORP              | TW        |    120000 | NS      | $109264.78    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd.                 | Sun Pharmaceutical Industries Ltd.                  | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |      7210 | NS      | $137365.17    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co. KSCP                 | Mobile Telecommunications Co. KSCP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KW        |     44150 | NS      | $81839.02     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Divi's Laboratories Ltd.                           | Divi's Laboratories Ltd.                            | CUSIP: N/A<br>LEI: 335800C1DHFG1C9T1M03       | Long             | EC               | CORP              | IN        |       735 | NS      | $50354.53     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruti Suzuki India Ltd.                           | Maruti Suzuki India Ltd.                            | CUSIP: N/A<br>LEI: 335800D27PBEESKKD357       | Long             | EC               | CORP              | IN        |       615 | NS      | $86268.95     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Industries Qatar QSC                               | Industries Qatar QSC                                | CUSIP: N/A<br>LEI: 2763E5KI3B6J7HLSFX16       | Long             | EC               | CORP              | QA        |     22575 | NS      | $74092.63     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings, Inc.                               | POSCO Holdings, Inc.                                | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |       315 | NS      | $98118.93     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronas Dagangan Bhd.                             | Petronas Dagangan Bhd.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |     13500 | NS      | $68596.25     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronas Gas Bhd.                                  | Petronas Gas Bhd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |     20500 | NS      | $91982.88     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| President Chain Store Corp.                        | President Chain Store Corp.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      8800 | NS      | $62213.39     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC Property & Casualty Co. Ltd.                  | PICC Property & Casualty Co. Ltd., Class H          | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | HK        |      8000 | NS      | $14307.32     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                       | Samsung Electronics Co. Ltd.                        | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      5925 | NS      | $880840.41    | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                       | Samsung Electronics Co. Ltd. (Preference)           | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      2540 | NS      | $271090.88    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Malaysia Bhd.                              | Telekom Malaysia Bhd.                               | CUSIP: N/A<br>LEI: 254900SNFPTSDGGVEK77       | Long             | EC               | CORP              | MY        |     42000 | NS      | $79103.61     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.        | Taiwan Semiconductor Manufacturing Co. Ltd.         | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     35000 | NS      | $2358408.69   | 14.79%            |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Kuwait SAKP                       | National Bank of Kuwait SAKP                        | CUSIP: N/A<br>LEI: 549300NB7FE83IH6BW96       | Long             | EC               | CORP              | KW        |     35112 | NS      | $98199.41     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp.                | Tingyi Cayman Islands Holding Corp.                 | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | HK        |     74000 | NS      | $113827.99    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd.                          | Guangdong Investment Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    130000 | NS      | $135745.97    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.                      | United Microelectronics Corp.                       | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |     47000 | NS      | $114664.90    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Uab Dirham                                         | Uab Dirham                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AE        |     47710 | OU      | $12989.78     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipla Ltd.                                         | Cipla Ltd.                                          | CUSIP: N/A<br>LEI: 335800KMJJYEDDK82Q34       | Long             | EC               | CORP              | IN        |      7050 | NS      | $97274.42     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Bank Bhd.                                   | Public Bank Bhd.                                    | CUSIP: N/A<br>LEI: 549300L2RSQCVMOHGM20       | Long             | EC               | CORP              | MY        |    114000 | NS      | $134337.15    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                 | Bangkok Dusit Medical Services PCL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    182500 | NS      | $102454.18    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumrungrad Hospital PCL                            | Bumrungrad Hospital PCL                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |     16500 | NS      | $91364.37     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.          | Ping An Insurance Group Co. of China Ltd., Class H  | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | HK        |      4500 | NS      | $36189.56     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UltraTech Cement Ltd.                              | UltraTech Cement Ltd.                               | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |        45 | NS      | $5493.09      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bosch Ltd.                                         | Bosch Ltd.                                          | CUSIP: N/A<br>LEI: 3358008TVK7S8BSVVW82       | Long             | EC               | CORP              | IN        |        15 | NS      | $5688.59      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd.                     | Tata Consultancy Services Ltd.                      | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |      6450 | NS      | $168117.42    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CPFL Energia SA                                    | CPFL Energia SA                                     | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |      8500 | NS      | $83474.83     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                           | Itau Unibanco Holding SA (Preference)               | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |      2575 | NS      | $22321.42     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aselsan Elektronik Sanayi ve Ticaret A/S           | Aselsan Elektronik Sanayi ve Ticaret A/S            | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |     14065 | NS      | $130814.41    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Petrol Rafinerileri A/S                    | Turkiye Petrol Rafinerileri A/S                     | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |      9345 | NS      | $56047.56     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Porto Seguro SA                                    | Porto Seguro SA                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      4500 | NS      | $44969.29     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan High Speed Rail Corp.                       | Taiwan High Speed Rail Corp.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    125000 | NS      | $104546.39    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| China Shenhua Energy Co. Ltd.                      | China Shenhua Energy Co. Ltd., Class H              | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | HK        |     26000 | NS      | $160372.75    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Celltrion, Inc.                                    | Celltrion, Inc.                                     | CUSIP: N/A<br>LEI: 988400JFZG785WJX3D68       | Long             | EC               | CORP              | KR        |       635 | NS      | $85839.74     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Ltd.                                           | ITC Ltd.                                            | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |     28100 | NS      | $93228.75     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pidilite Industries Ltd.                           | Pidilite Industries Ltd.                            | CUSIP: N/A<br>LEI: 335800APXGEBZ349GN74       | Long             | EC               | CORP              | IN        |      7255 | NS      | $105155.51    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Sundaram Finance Ltd.                              | Sundaram Finance Ltd.                               | CUSIP: N/A<br>LEI: 335800QM6HEH82BEJY45       | Long             | EC               | CORP              | IN        |        65 | NS      | $3105.58      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp.                      | China Construction Bank Corp., Class H              | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | HK        |    105000 | NS      | $117683.10    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Bank of Dubai PSC                       | Commercial Bank of Dubai PSC                        | CUSIP: N/A<br>LEI: 2138002DQL2YD4S8HE87       | Long             | EC               | CORP              | AE        |      1450 | NS      | $3647.80      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Torrent Pharmaceuticals Ltd.                       | Torrent Pharmaceuticals Ltd.                        | CUSIP: N/A<br>LEI: 335800NA6HK275RIJE13       | Long             | EC               | CORP              | IN        |       220 | NS      | $9700.62      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Jarir Marketing Co.                                | Jarir Marketing Co.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     29965 | NS      | $120243.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Rajhi Bank                                      | Al Rajhi Bank                                       | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      2077 | NS      | $37962.50     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Investment Bank (The)                        | Saudi Investment Bank (The)                         | CUSIP: N/A<br>LEI: 558600V3J4M5TUY9HR70       | Long             | EC               | CORP              | SA        |     28595 | NS      | $101022.20    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Telecom Co.                                  | Saudi Telecom Co.                                   | CUSIP: N/A<br>LEI: 21380028ATJ79OTA9W17       | Long             | EC               | CORP              | SA        |      7420 | NS      | $86139.66     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Integrated Telecommunications Co. PJSC    | Emirates Integrated Telecommunications Co. PJSC     | CUSIP: N/A<br>LEI: 254900USBXS6XN200K29       | Long             | EC               | CORP              | AE        |     42915 | NS      | $125955.97    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of China Ltd.                                 | Bank of China Ltd., Class H                         | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | HK        |    260000 | NS      | $167940.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipro PAO                                         | Unipro PAO                                          | CUSIP: N/A<br>LEI: 253400DR5QSH8MEGZZ11       | Long             | EC               | CORP              | RU        |    726000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Godrej Consumer Products Ltd.                      | Godrej Consumer Products Ltd.                       | CUSIP: N/A<br>LEI: 335800P4GUWLGZFK2D63       | Long             | EC               | CORP              | IN        |      2785 | NS      | $31311.31     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltas Ltd.                                        | Voltas Ltd.                                         | CUSIP: N/A<br>LEI: 335800VVTQSSZ7NV7F51       | Long             | EC               | CORP              | IN        |      2875 | NS      | $43327.76     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.         | Industrial & Commercial Bank of China Ltd., Class H | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | HK        |    180000 | NS      | $161531.83    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhaojin Mining Industry Co. Ltd.                   | Zhaojin Mining Industry Co. Ltd., Class H           | CUSIP: N/A<br>LEI: 3003007KU2DRDX06PN04       | Long             | EC               | CORP              | HK        |      6000 | NS      | $21675.44     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| China Coal Energy Co. Ltd.                         | China Coal Energy Co. Ltd., Class H                 | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | HK        |     78000 | NS      | $145570.13    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| International Holding Co. PJSC                     | International Holding Co. PJSC                      | CUSIP: N/A<br>LEI: 9845000BB909CE4A0G98       | Long             | EC               | CORP              | AE        |      5090 | NS      | $541857.93    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Marico Ltd.                                        | Marico Ltd.                                         | CUSIP: N/A<br>LEI: 3358003SFDQFGJPC5O84       | Long             | EC               | CORP              | IN        |     14455 | NS      | $118029.53    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Aboitiz Power Corp.                                | Aboitiz Power Corp.                                 | CUSIP: N/A<br>LEI: 254900UHTKF4VBSFTL94       | Long             | EC               | CORP              | PH        |    163000 | NS      | $120642.54    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Manila Electric Co.                                | Manila Electric Co.                                 | CUSIP: N/A<br>LEI: 254900RDFLCM12O8SK69       | Long             | EC               | CORP              | PH        |     12150 | NS      | $128862.14    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Want Want China Holdings Ltd.                      | Want Want China Holdings Ltd.                       | CUSIP: N/A<br>LEI: 5299005HZCEKX4O1J230       | Long             | EC               | CORP              | HK        |    190000 | NS      | $107202.81    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                                      | PhosAgro PJSC                                       | CUSIP: N/A<br>LEI: 25340053KRUNNYUWF472       | Long             | EC               | CORP              | RU        |      1158 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Muthoot Finance Ltd.                               | Muthoot Finance Ltd.                                | CUSIP: N/A<br>LEI: 335800HAMJMBFL4RRF02       | Long             | EC               | CORP              | IN        |      2845 | NS      | $102638.96    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chongqing Rural Commercial Bank Co. Ltd.           | Chongqing Rural Commercial Bank Co. Ltd., Class H   | CUSIP: N/A<br>LEI: 300300C1126750000027       | Long             | EC               | CORP              | HK        |    105000 | NS      | $93154.62     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritz Financial Group, Inc.                       | Meritz Financial Group, Inc.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       330 | NS      | $24852.35     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dian Swastatika Sentosa Tbk. PT                    | Dian Swastatika Sentosa Tbk. PT                     | CUSIP: N/A<br>LEI: 529900446D0A6MP4PP55       | Long             | EC               | CORP              | ID        |    237500 | NS      | $22158.43     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Polyus PJSC                                        | Polyus PJSC                                         | CUSIP: N/A<br>LEI: 549300FUXVT7TF6ZKV71       | Long             | EC               | CORP              | RU        |      5460 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Surgutneftegas PJSC                                | Surgutneftegas PAO (Preference)                     | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |    156600 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BDO Unibank, Inc.                                  | BDO Unibank, Inc.                                   | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |     36050 | NS      | $66968.85     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                               | Telefonica Brasil SA                                | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |     11500 | NS      | $90593.89     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Commercial & Savings Bank Ltd. (The)      | Shanghai Commercial & Savings Bank Ltd. (The)       | CUSIP: N/A<br>LEI: 549300TLB5ALPCGBHN23       | Long             | EC               | CORP              | TW        |     68000 | NS      | $83807.54     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                     | BB Seguridade Participacoes SA                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     19500 | NS      | $132598.75    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Asian Paints Ltd.                                  | Asian Paints Ltd.                                   | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |      4940 | NS      | $127229.51    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinson PCL                                       | Robinson PCL                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |       600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GMexico Transportes SAB de CV                      | GMexico Transportes SAB de CV                       | CUSIP: N/A<br>LEI: 4469000001BXJ8FN4U73       | Long             | EC               | CORP              | MX        |      1000 | NS      | $1659.43      | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ambev SA                                           | Ambev SA                                            | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |     15000 | NS      | $43683.77     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                            | Meituan, Class B                                    | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | HK        |      2500 | NS      | $26567.74     | 0.17%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Britannia Industries Ltd.                          | Britannia Industries Ltd.                           | CUSIP: N/A<br>LEI: 335800RRN5EVHNNAXN80       | Long             | EC               | CORP              | IN        |      1945 | NS      | $117338.85    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                          | Coca-Cola Femsa SAB de CV                           | CUSIP: N/A<br>LEI: 5493008KEVFYPMGTXO33       | Long             | EC               | CORP              | MX        |      4000 | NS      | $40420.28     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Embassy Office Parks REIT                          | Embassy Office Parks REIT                           | CUSIP: N/A<br>LEI: 335800O555A557E43Z08       | Long             | EC               | CORP              | IN        |      1460 | NS      | $6533.82      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Salik Co. PJSC                                     | Salik Co. PJSC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |     70045 | NS      | $106796.26    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                     | HDFC Bank Ltd.                                      | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |     28135 | NS      | $228752.73    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Cards & Payment Services Ltd.                  | SBI Cards & Payment Services Ltd.                   | CUSIP: N/A<br>LEI: 335800HN4Y9OTCFH4236       | Long             | EC               | CORP              | IN        |       605 | NS      | $4104.35      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr. Sulaiman Al Habib Medical Services Group Co.   | Dr Sulaiman Al Habib Medical Services Group Co.     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |       925 | NS      | $59784.03     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Krafton, Inc.                                      | Krafton, Inc.                                       | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               | CORP              | KR        |       720 | NS      | $128640.78    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixa Seguridade Participacoes SA                  | Caixa Seguridade Participacoes SA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     35500 | NS      | $128892.70    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DCI Indonesia Tbk. PT                              | DCI Indonesia Tbk. PT                               | CUSIP: N/A<br>LEI: 254900ZAGSFSSS4VV060       | Long             | EC               | CORP              | ID        |       500 | NS      | $5726.46      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com, Inc.                                       | JD.com, Inc.                                        | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | US        |       330 | NS      | $10005.60     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                              | Tencent Holdings Ltd.                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | HK        |      7500 | NS      | $447869.79    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Arabian Internet & Communications Services Co.     | Arabian Internet & Communications Services Co.      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      1000 | NS      | $59192.11     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd.                                 | Eicher Motors Ltd.                                  | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               | CORP              | IN        |      1560 | NS      | $116843.34    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiler Holding A/S                                  | Kiler Holding A/S                                   | CUSIP: N/A<br>LEI: 789000K4SQFMZFF45621       | Long             | EC               | CORP              | TR        |      7180 | NS      | $16255.79     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| APL Apollo Tubes Ltd.                              | APL Apollo Tubes Ltd.                               | CUSIP: N/A<br>LEI: 335800ZU4GXSB7Q4IU95       | Long             | EC               | CORP              | IN        |      1135 | NS      | $22780.42     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Elm Co.                                            | Elm Co.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |       250 | NS      | $39061.46     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                                | Trip.com Group Ltd.                                 | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | HK        |        50 | NS      | $2666.67      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                         | Alibaba Group Holding Ltd.                          | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | US        |      2670 | NS      | $352119.60    | 2.21%             |  |  |  | No            |                  1 | On Loan: —       |
| FSN E-Commerce Ventures Ltd.                       | FSN E-Commerce Ventures Ltd.                        | CUSIP: N/A<br>LEI: 335800X5BJYC18NHDQ91       | Long             | EC               | CORP              | IN        |     11925 | NS      | $33264.55     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Central Cooling Systems Corp.             | Emirates Central Cooling Systems Corp.              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    250750 | NS      | $105818.97    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle India Ltd.                                  | Nestle India Ltd.                                   | CUSIP: N/A<br>LEI: 3358008SYYY9CPWH5D94       | Long             | EC               | CORP              | IN        |      6080 | NS      | $93435.23     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Astral Ltd.                                        | Astral Ltd.                                         | CUSIP: N/A<br>LEI: 3358007M1SKFTVDRMC40       | Long             | EC               | CORP              | IN        |       200 | NS      | $3223.35      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazilian Real                                     | Brazilian Real                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |     18010 | OU      | $3614.69      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDS Co. Ltd.                               | Samsung SDS Co. Ltd.                                | CUSIP: N/A<br>LEI: 988400G19T2TB4CAWX91       | Long             | EC               | CORP              | KR        |      1090 | NS      | $122139.97    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank (The)                          | Saudi National Bank (The)                           | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |       280 | NS      | $2932.52      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                    | ICICI Bank Ltd.                                     | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |      6200 | NS      | $82528.40     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Finance Ltd.                                 | Bajaj Finance Ltd.                                  | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |       520 | NS      | $5133.50      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tower Corp. Ltd.                             | China Tower Corp. Ltd., Class H                     | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | HK        |     62500 | NS      | $88399.55     | 0.55%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Fuyao Glass Industry Group Co. Ltd.                | Fuyao Glass Industry Group Co. Ltd., Class H        | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | HK        |      6800 | NS      | $51648.32     | 0.32%             |  |  |  | Yes           |                  1 | On Loan: No      |
| LafargeHolcim Maroc SA                             | LafargeHolcim Maroc SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MA        |       545 | NS      | $109098.59    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi National Oil Co. for Distribution PJSC   | Abu Dhabi National Oil Co. for Distribution PJSC    | CUSIP: N/A<br>LEI: 213800YI1ZIOJB3HLB11       | Long             | EC               | CORP              | AE        |     74400 | NS      | $74341.26     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings, Inc.                                 | PDD Holdings, Inc.                                  | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | US        |       540 | NS      | $53935.20     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                            | Rumo SA                                             | CUSIP: N/A<br>LEI: 254900TXQFP7CJCGYM66       | Long             | EC               | CORP              | BR        |     21500 | NS      | $67877.93     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Aviation Ltd.                                  | BOC Aviation Ltd.                                   | CUSIP: N/A<br>LEI: 254900H06V5RMEB3KE72       | Long             | EC               | CORP              | HK        |      7500 | NS      | $76400.19     | 0.48%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Chilean Peso Currency                              | Chilean Peso Currency                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CL        |    402381 | OU      | $445.59       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chinese Renminbi (Yuan)                            | Chinese Renminbi (Yuan)                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CN        |      1004 | OU      | $146.97       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Colombian Peso                                     | Colombian Peso                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CO        |     12292 | OU      | $3.39         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Czech Repub. Kronas                                | Czech Repub. Kronas                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CZ        |      1433 | OU      | $68.98        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                               | EURO                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |        99 | OU      | $115.70       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                   | Hong Kong Dollar                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |       554 | OU      | $70.76        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hungarian Forint                                   | Hungarian Forint                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |     41149 | OU      | $132.41       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Indonesian Rupiah                                  | Indonesian Rupiah                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ID        |       333 | OU      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Rupee                                       | Indian Rupee                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |      3883 | OU      | $40.91        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| South Korea Won                                    | South Korea Won                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |  14569352 | OU      | $9822.92      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuwaiti Dinar                                      | Kuwaiti Dinar                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KW        |      1193 | OU      | $3878.47      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moroccan Dirham                                    | Moroccan Dirham                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MA        |     33713 | OU      | $3651.87      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | MSCI Emerging Markets Index                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $15510.15     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| New Mexican Pesos                                  | New Mexican Pesos                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |     10249 | OU      | $585.24       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Malaysian Ringgit                                  | Malaysian Ringgit                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MY        |       914 | OU      | $230.14       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Peruvian New Sol                                   | Peruvian New Sol                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PE        |      1119 | OU      | $317.84       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Polish Zloty - New                                 | Polish Zloty - New                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |      1205 | OU      | $332.09       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatari Rial                                        | Qatari Rial                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | QA        |      1672 | OU      | $459.19       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Russian Roubles                                    | Russian Roubles                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | RU        |   8903239 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Ryal                                 | Saudi Arabian Ryal                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SA        |     17196 | OU      | $4584.94      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Thailand Baht                                      | Thailand Baht                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TH        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkish Lira                                       | Turkish Lira                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TR        |      7392 | OU      | $163.59       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                                  | New Taiwan Dollar                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |    167042 | OU      | $5272.04      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| South African Rand                                 | South African Rand                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |       920 | OU      | $55.09        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO