# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-26-006220
**Filing Date:** 2026-3
**Character Count:** 59406
**Document Hash:** 98f07ce91eb2c692ee64b751f244e87e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-006220.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0002071691-26-006220

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**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:** 26788674

**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 Global Quality Real Estate Index Fund (Series ID: S000043008)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000133169 | FlexShares Global Quality Real Estate Index Fund | GQRE            |

## 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 Global Quality Real Estate Index Fund

- **b. EDGAR series identifier (if any):** S000043008

- **c. LEI of Series:** 549300SU9J4P6OO1QE18

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

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

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $375290727.72

**Total Liabilities:** $25009924.40

**Net Assets:** $350280803.32

**Cash Not Reported:** $4306627.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133169 | 2.76%                | -0.78%               | 4.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5795983.43              | $3348581.54                                |
| Month 2  | $288770.91               | $-5267625.91                               |
| Month 3  | $1008506.78              | $13270195.13                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Carmila SA                                        | Carmila SA                                        | CUSIP: N/A<br>LEI: 222100P6D3QKU33LZQ72       | Long             | EC               | CORP              | FR        |     42864 | NS      | $834248.06    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust, Inc.                       | American Assets Trust, Inc.                       | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41382 | NS      | $747358.92    | 0.21%             |  |  |  | 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      | $99.90        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                           | Other Repurchase Agreement                        | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Long             | RA               | CORP              | US        |   7000000 | PA      | $7000000.00   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple Hospitality REIT, Inc.                      | Apple Hospitality REIT, Inc.                      | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    101118 | NS      | $1177013.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Norwegian Krone                                   | Norwegian Krone                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NO        |   1154404 | OU      | $120262.31    | 0.03%             |  |  |  | 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      | $-5780.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadstone Net Lease, Inc.                        | Broadstone Net Lease, Inc.                        | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     84816 | NS      | $1569944.16   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| First Capital REIT                                | First Capital REIT                                | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               | CORP              | CA        |     63498 | NS      | $927980.96    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Sunstone Hotel Investors, Inc.                    | Sunstone Hotel Investors, Inc.                    | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     97698 | NS      | $856811.46    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts, Inc.                      | Xenia Hotels & Resorts, Inc.                      | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     60420 | NS      | $891195.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Grand City Properties SA                          | Grand City Properties SA                          | CUSIP: N/A<br>LEI: 5299002QLUYKK2WBMB18       | Long             | EC               | CORP              | DE        |     64980 | NS      | $730517.67    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                    | EPR Properties                                    | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     34086 | NS      | $1848824.64   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Katitas Co. Ltd.                                  | Katitas Co. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     42700 | NS      | $844256.45    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Mapletree Pan Asia Commercial Trust               | Mapletree Pan Asia Commercial Trust               | CUSIP: N/A<br>LEI: 549300BF18K4IC5LZ208       | Long             | EC               | CORP              | SG        |   1083000 | NS      | $1246004.73   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite REIT                                      | Granite REIT                                      | CUSIP: 387437205<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               | CORP              | CA        |     16530 | NS      | $1072377.88   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Group Ltd.                              | Hang Lung Group Ltd.                              | CUSIP: N/A<br>LEI: 529900V2T2EPOQYH0981       | Long             | EC               | CORP              | HK        |    458000 | NS      | $986995.66    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Tokyu Fudosan Holdings Corp.                      | Tokyu Fudosan Holdings Corp.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    257500 | NS      | $2381198.95   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Killam Apartment REIT                             | Killam Apartment REIT                             | CUSIP: 49410M102<br>LEI: 2549001RZSL75H60JE41 | Long             | EC               | CORP              | CA        |     63954 | NS      | $828381.76    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| CITIGROUP GLOBAL MARKETS INC                      | Treasury Repurchase Agreement                     | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |   5000000 | PA      | $5000000.00   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | S&P Midcap 400 E-Mini Index                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $79017.52     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Group                                | Charter Hall Group                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    211698 | NS      | $3412498.83   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Daito Trust Construction Co. Ltd.                 | Daito Trust Construction Co. Ltd.                 | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               | CORP              | JP        |    131000 | NS      | $2662290.94   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co. Ltd.                                | Sino Land Co. Ltd.                                | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |   1658633 | NS      | $2501849.85   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Alexandria Real Estate Equities, Inc.             | Alexandria Real Estate Equities, Inc.             | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     69654 | NS      | $3805894.56   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| New Zealand Dollar                                | New Zealand Dollar                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NZ        |         4 | OU      | $2.15         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zug Estates Holding AG                            | Zug Estates Holding AG, Class B                   | CUSIP: N/A<br>LEI: 506700683S928H292L02       | Long             | EC               | CORP              | CH        |        40 | NS      | $121031.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Krona                                     | Swedish Krona                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SE        |    160000 | OU      | $18074.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartCentres REIT                                 | SmartCentres REIT                                 | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               | CORP              | CA        |     46626 | NS      | $918988.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Mega Or Holdings Ltd.                             | Mega Or Holdings Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     13794 | NS      | $1509555.66   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| UNITE Group plc (The)                             | UNITE Group plc (The)                             | CUSIP: N/A<br>LEI: 213800BBUUWVDH9YI827       | Long             | EC               | CORP              | GB        |    117420 | NS      | $911993.51    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1262.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd.                             | Kerry Properties Ltd.                             | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | HK        |    326000 | NS      | $990143.03    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties, Inc.                        | EastGroup Properties, Inc.                        | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     23826 | NS      | $4327754.64   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                      | Sun Hung Kai Properties Ltd.                      | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |    649000 | NS      | $10445894.21  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Ascott Trust                           | CapitaLand Ascott Trust                           | CUSIP: N/A<br>LEI: 549300W6RTG7Y32IWY65       | Long             | EC               | CORP              | SG        |   1310800 | NS      | $1012280.54   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Shurgard Self Storage Ltd.                        | Shurgard Self Storage Ltd.                        | CUSIP: N/A<br>LEI: 549300J0UEIKU81XO336       | Long             | EC               | CORP              | BE        |     23712 | NS      | $863194.81    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                        | Simon Property Group, Inc.                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     44460 | NS      | $8505642.60   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                               | Realty Income Corp.                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     21090 | NS      | $1289864.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $9884.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd.                            | City Developments Ltd.                            | CUSIP: N/A<br>LEI: 254900BPLPJS0RJ72373       | Long             | EC               | CORP              | SG        |    228000 | NS      | $1667328.61   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd.                            | CK Asset Holdings Ltd.                            | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |    861000 | NS      | $5053745.98   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON REIT Investment Corp.                      | NIPPON REIT Investment Corp.                      | CUSIP: N/A<br>LEI: 3538004O49OJ90PEXX85       | Long             | EC               | CORP              | JP        |      1289 | NS      | $803013.74    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                              | JBG SMITH Properties                              | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45942 | NS      | $773663.28    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Highwoods Properties, Inc.                        | Highwoods Properties, Inc.                        | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     48564 | NS      | $1255379.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Piedmont Realty Trust, Inc.                       | Piedmont Realty Trust, Inc.                       | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97926 | NS      | $824536.92    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Safestore Holdings plc                            | Safestore Holdings plc                            | CUSIP: N/A<br>LEI: 213800WGA3YSJC1YOH73       | Long             | EC               | CORP              | GB        |    103284 | NS      | $1172119.25   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Equinix, Inc.                                     | Equinix, Inc.                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      6156 | NS      | $5053645.08   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Waypoint REIT Ltd.                                | Waypoint REIT Ltd.                                | CUSIP: N/A<br>LEI: 5493003CS5K82RREKA54       | Long             | EC               | CORP              | AU        |    477318 | NS      | $819243.56    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland India Trust                            | Capitaland India Trust                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    866400 | NS      | $846600.47    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Franc                                       | Swiss Franc                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CH        |     21384 | OU      | $27769.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                                   | Welltower, Inc.                                   | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     65436 | NS      | $12325524.96  | 3.52%             |  |  |  | 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      | $1606.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Medical Properties Trust, Inc.                    | Medical Properties Trust, Inc.                    | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    227544 | NS      | $1142270.88   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Japanese Yen                                      | Japanese Yen                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |  21946862 | OU      | $142271.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                            | CTP NV                                            | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        |     57456 | NS      | $1252218.36   | 0.36%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Digital Realty Trust, Inc.                        | Digital Realty Trust, Inc.                        | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    110694 | NS      | $18369669.30  | 5.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                    | Public Storage                                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     59964 | NS      | $16561457.16  | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                                   | Canadian Dollar                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |     71083 | OU      | $52492.57     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group plc                              | Big Yellow Group plc                              | CUSIP: N/A<br>LEI: 213800W7Q4V2ZI8LIW31       | Long             | EC               | CORP              | GB        |     84132 | NS      | $1189136.41   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BWP Property Group Ltd.                           | BWP Property Group Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    116622 | NS      | $305556.29    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Vornado Realty Trust                              | Vornado Realty Trust                              | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72960 | NS      | $2325964.80   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1852.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Allreal Holding AG                                | Allreal Holding AG (Registered)                   | CUSIP: N/A<br>LEI: 5067006XH174LA44H658       | Long             | EC               | CORP              | CH        |      6612 | NS      | $1940538.93   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Excellent, Inc.                             | Japan Excellent, Inc.                             | CUSIP: N/A<br>LEI: 35380015J62221TE0D86       | Long             | EC               | CORP              | JP        |       883 | NS      | $856325.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | EURO STOXX 50 Index                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |         4 | NC      | $8492.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BK OF CANADA FINANCIAL INC               | Other Repurchase Agreement                        | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |   2000000 | PA      | $2000000.00   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| CT REIT                                           | CT REIT                                           | CUSIP: 126462100<br>LEI: 549300QXEHJXT6D53X16 | Long             | EC               | CORP              | CA        |     66348 | NS      | $799615.52    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Great Portland Estates plc                        | Great Portland Estates plc                        | CUSIP: N/A<br>LEI: 213800JMEDD2Q4N1MC42       | Long             | EC               | CORP              | GB        |    205770 | NS      | $1056055.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties, Inc.                         | Millrose Properties, Inc.                         | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55062 | NS      | $1640847.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                  | Hong Kong Dollar                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |    935300 | OU      | $119761.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Israeli Shekel                                    | Israeli Shekel                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IL        |     47982 | OU      | $15526.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO                  | Other Repurchase Agreement                        | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |   7000000 | PA      | $7000000.00   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| National Health Investors, Inc.                   | National Health Investors, Inc.                   | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     20862 | NS      | $1713187.44   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties, Inc.                             | VICI Properties, Inc., Class A                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    477660 | NS      | $13412692.80  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu REIT, Inc.                                  | Tokyu REIT, Inc.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       647 | NS      | $869880.72    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Sirius Real Estate Ltd.                           | Sirius Real Estate Ltd.                           | CUSIP: N/A<br>LEI: 213800NURUF5W8QSK566       | Long             | EC               | CORP              | GB        |    732678 | NS      | $987822.59    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Big Shopping Centers Ltd.                         | Big Shopping Centers Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      7296 | NS      | $1765450.69   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties, Inc.                              | LTC Properties, Inc.                              | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     25194 | NS      | $918825.18    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.               | First Industrial Realty Trust, Inc.               | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59280 | NS      | $3440018.40   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                       | AvalonBay Communities, Inc.                       | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     63840 | NS      | $11342452.80  | 3.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Eurocommercial Properties NV                      | Eurocommercial Properties NV                      | CUSIP: N/A<br>LEI: 724500SFK53FPNM68L95       | Long             | EC               | CORP              | NL        |     28500 | NS      | $842539.87    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Stockland                                         | Stockland                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    128136 | NS      | $483836.99    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Boardwalk REIT                                    | Boardwalk REIT                                    | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               | CORP              | CA        |     17898 | NS      | $910000.59    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Centuria Industrial REIT                          | Centuria Industrial REIT                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    373578 | NS      | $850557.72    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| VGP NV                                            | VGP NV                                            | CUSIP: N/A<br>LEI: 315700NENYPIXFR94T49       | Long             | EC               | CORP              | BE        |      7638 | NS      | $939548.93    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| COPT Defense Properties                           | COPT Defense Properties                           | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     51414 | NS      | $1584065.34   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties, Inc.            | Innovative Industrial Properties, Inc.            | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     17898 | NS      | $864831.36    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                               | Kilroy Realty Corp.                               | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     51072 | NS      | $1760962.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                             | Camden Property Trust                             | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     47880 | NS      | $5221314.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL Group Ltd.                                    | UOL Group Ltd.                                    | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |    209500 | NS      | $1789582.35   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Properties Ltd.                         | Hang Lung Properties Ltd.                         | CUSIP: N/A<br>LEI: 529900CIVTNMXQT59E61       | Long             | EC               | CORP              | HK        |    577000 | NS      | $697450.61    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Real Estate Investment Corp.             | Frontier Real Estate Investment Corp.             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1482 | NS      | $875211.98    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield                         | Unibail-Rodamco-Westfield                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |     54492 | NS      | $6028855.92   | 1.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Sabra Health Care REIT, Inc.                      | Sabra Health Care REIT, Inc.                      | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    106362 | NS      | $1992160.26   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Prologis, Inc.                                    | Prologis, Inc.                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    116508 | NS      | $15211284.48  | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, Inc.                                    | NNN REIT, Inc.                                    | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     84132 | NS      | $3505780.44   | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $70.03        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                             | American Homes 4 Rent, Class A                    | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    149226 | NS      | $4673758.32   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                             | Regency Centers Corp.                             | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     78432 | NS      | $5715339.84   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Dollar                                 | Australian Dollar                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |     56973 | OU      | $39912.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                | Equity Residential                                | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    153216 | NS      | $9548421.12   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey, Inc.                                    | WP Carey, Inc.                                    | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     98154 | NS      | $6846241.50   | 1.95%             |  |  |  | No            |                  1 | On Loan: —       |
| HomeCo Daily Needs REIT                           | HomeCo Daily Needs REIT                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1028736 | NS      | $929678.50    | 0.27%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Mori Trust Reit, Inc.                             | Mori Trust REIT, Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1710 | NS      | $861318.55    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aroundtown SA                                     | Aroundtown SA                                     | CUSIP: N/A<br>LEI: 529900H4DWG3KWMBMQ39       | Long             | EC               | CORP              | DE        |    342114 | NS      | $1089935.07   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RioCan REIT                                       | RioCan REIT                                       | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               | CORP              | CA        |     71136 | NS      | $1024896.33   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Rayonier, Inc.                                    | Rayonier, Inc.                                    | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     66120 | NS      | $1503568.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Tokyo Tatemono Co. Ltd.                           | Tokyo Tatemono Co. Ltd.                           | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |     84900 | NS      | $1997290.94   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Intershop Holding AG                              | Intershop Holding AG                              | CUSIP: N/A<br>LEI: 506700CGX4K77JX3R725       | Long             | EC               | CORP              | CH        |       896 | NS      | $194780.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts, Inc.                       | Park Hotels & Resorts, Inc.                       | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     92910 | NS      | $1015506.30   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Singapore Dollar                                  | Singapore Dollar                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SG        |     21335 | OU      | $16812.65     | 0.00%             |  |  |  | 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      | $589.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1260.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co. Ltd.            | Sumitomo Realty & Development Co. Ltd.            | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        |    277400 | NS      | $7723538.18   | 2.20%             |  |  |  | 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      | $236.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities, Inc.           | Mid-America Apartment Communities, Inc.           | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     52440 | NS      | $7042692.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                                    | Treasury Repurchase Agreement                     | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |   3788844 | PA      | $3788844.03   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Starhill Global REIT                              | Starhill Global REIT                              | CUSIP: N/A<br>LEI: 549300GCJNC7HDN3YK51       | Long             | EC               | CORP              | SG        |    216600 | NS      | $100704.49    | 0.03%             |  |  |  | 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      | $-596.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Shaftesbury Capital plc                           | Shaftesbury Capital plc                           | CUSIP: N/A<br>LEI: 549300TTXXZ1SHUI0D54       | Long             | EC               | CORP              | GB        |    659262 | NS      | $1298204.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tritax Big Box REIT plc                           | Tritax Big Box REIT plc                           | CUSIP: N/A<br>LEI: 213800L6X88MIYPVR714       | Long             | EC               | CORP              | GB        |    996930 | NS      | $2261365.48   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KDX Realty Investment Corp.                       | KDX Realty Investment Corp.                       | CUSIP: N/A<br>LEI: 353800FFT483NCIHFY42       | Long             | EC               | CORP              | JP        |      1824 | NS      | $1978187.48   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Mobimo Holding AG                                 | Mobimo Holding AG (Registered)                    | CUSIP: N/A<br>LEI: 50670018HN8O1GD3O385       | Long             | EC               | CORP              | CH        |      3306 | NS      | $1670065.58   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PSP Swiss Property AG                             | PSP Swiss Property AG (Registered)                | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |     20520 | NS      | $4130381.14   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoshino Resorts REIT, Inc.                        | Hoshino Resorts REIT, Inc.                        | CUSIP: N/A<br>LEI: 353800DF2MUZWFL4IL56       | Long             | EC               | CORP              | JP        |       492 | NS      | $818724.23    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Colonial SFL Socimi SA                            | Colonial SFL Socimi SA                            | CUSIP: N/A<br>LEI: 95980020140005007414       | Long             | EC               | CORP              | ES        |    140562 | NS      | $871214.03    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Cousins Properties, Inc.                          | Cousins Properties, Inc.                          | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     75012 | NS      | $1893302.88   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongkong Land Holdings Ltd.                       | Hongkong Land Holdings Ltd.                       | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | SG        |    487964 | NS      | $4142814.36   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Retail REIT                          | Charter Hall Retail REIT                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    326724 | NS      | $899523.94    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings, Inc.                      | Howard Hughes Holdings, Inc.                      | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     12426 | NS      | $1014707.16   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                              | American Tower Corp.                              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    124260 | NS      | $22277332.80  | 6.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Estates NV                                 | Retail Estates NV                                 | CUSIP: N/A<br>LEI: 5493007CO5W5OBFG7L21       | Long             | EC               | CORP              | BE        |      1799 | NS      | $138469.67    | 0.04%             |  |  |  | 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      | $-2334.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alexander & Baldwin, Inc.                         | Alexander & Baldwin, Inc.                         | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52896 | NS      | $1097063.04   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Montea NV                                         | Montea NV                                         | CUSIP: N/A<br>LEI: 5493006K5LQDD0GK1T60       | Long             | EC               | CORP              | BE        |     10772 | NS      | $914984.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R REIT                                          | H&R REIT                                          | CUSIP: 403925407<br>LEI: 549300TGNP6B6GUVGW10 | Long             | EC               | CORP              | CA        |    111834 | NS      | $887800.83    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Ichigo, Inc.                                      | Ichigo, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    296400 | NS      | $782022.56    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Amot Investments Ltd.                             | Amot Investments Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    122322 | NS      | $953513.13    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | SPI 200 Index                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | AU        |        16 | NC      | $52132.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.                   | Independence Realty Trust, Inc.                   | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    104424 | NS      | $1743880.80   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Getty Realty Corp.                                | Getty Realty Corp.                                | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     30438 | NS      | $908878.68    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Covivio SA                                        | Covivio SA                                        | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |     22116 | NS      | $1414178.59   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicinity Ltd.                                     | Vicinity Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1732002 | NS      | $2984850.84   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitsubishi Estate Logistics REIT Investment Corp. | Mitsubishi Estate Logistics REIT Investment Corp. | CUSIP: N/A<br>LEI: 353800YYSGZU31ICQK38       | Long             | EC               | CORP              | JP        |      1007 | NS      | $858424.09    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitsui Fudosan Logistics Park, Inc.               | Mitsui Fudosan Logistics Park, Inc.               | CUSIP: N/A<br>LEI: 353800DN63EIYS760S59       | Long             | EC               | CORP              | JP        |      1482 | NS      | $1108665.89   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| International Workplace Group plc                 | International Workplace Group plc                 | CUSIP: N/A<br>LEI: 2138003LWDII27UTAG52       | Long             | EC               | CORP              | GB        |    337896 | NS      | $1146211.48   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Properties REIT                            | Choice Properties REIT                            | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               | CORP              | CA        |     86868 | NS      | $977637.87    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Allied Properties REIT                            | Allied Properties REIT                            | CUSIP: 019456102<br>LEI: 549300AMZMPKVHA0MY77 | Long             | EC               | CORP              | CA        |     78090 | NS      | $810223.76    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Melisron Ltd.                                     | Melisron Ltd.                                     | CUSIP: N/A<br>LEI: 213800B9SL62L9VLO604       | Long             | EC               | CORP              | IL        |     11856 | NS      | $1565249.81   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Industrial REIT                             | Dream Industrial REIT                             | CUSIP: 26153W109<br>LEI: 549300QOI0TM3CBYUH79 | Long             | EC               | CORP              | CA        |     96786 | NS      | $919150.73    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Holdings, Inc.                 | Nomura Real Estate Holdings, Inc.                 | CUSIP: N/A<br>LEI: 353800UZ91CT24OL9P59       | Long             | EC               | CORP              | JP        |    245500 | NS      | $1632847.14   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                              | EURO                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |    106981 | OU      | $127269.99    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| British Pound                                     | British Pound                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |     39121 | OU      | $53684.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                                 | RLJ Lodging Trust                                 | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89034 | NS      | $661522.62    | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| CareTrust REIT, Inc.                              | CareTrust REIT, Inc.                              | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     86070 | NS      | $3213853.80   | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| InterRent REIT                                    | InterRent REIT                                    | CUSIP: 46071W205<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     20976 | NS      | $206483.83    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Fukuoka REIT Corp.                                | Fukuoka REIT Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       629 | NS      | $760459.61    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Klepierre SA                                      | Klepierre SA                                      | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     96330 | NS      | $3717591.06   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Investis Holding SA                               | Investis Holding SA                               | CUSIP: N/A<br>LEI: 506700GG126O0G9S5W59       | Long             | EC               | CORP              | CH        |       342 | NS      | $68839.69     | 0.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust            | CapitaLand Integrated Commercial Trust            | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |   2621900 | NS      | $4938014.97   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO