# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-26-014802
**Filing Date:** 2026-6
**Character Count:** 42337
**Document Hash:** 1e4db94e615dab9ad168262b76220f9e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-014802.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002071691-26-014802

**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:** 261119248

**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 US Quality Low Volatility Index Fund (Series ID: S000065837)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000212719 | FlexShares US Quality Low Volatility Index Fund | QLV             |

## 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 US Quality Low Volatility Index Fund

- **b. EDGAR series identifier (if any):** S000065837

- **c. LEI of Series:** 549300L25VDMC1O71Y42

**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:** $170611464.40

**Total Liabilities:** $1016560.38

**Net Assets:** $169594904.02

**Cash Not Reported:** $1016510.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212719 | 2.11%                | -3.98%               | 3.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1550.26                | $2938490.04                                |
| Month 2  | $406252.44               | $-6551668.08                               |
| Month 3  | $4157435.64              | $2027293.02                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T, Inc.                             | AT&T, Inc.                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     48048 | NS      | $1255494.24   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                           | AbbVie, Inc.                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     17108 | NS      | $3615262.56   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                | Agnico Eagle Mines Ltd.                | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      7189 | NS      | $1353041.69   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp.                   | Alliant Energy Corp.                   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     11102 | NS      | $815219.86    | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Allstate Corp. (The)                   | Allstate Corp. (The)                   | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      4568 | NS      | $992443.68    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                         | Alphabet, Inc., Class C                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7098 | NS      | $2711010.12   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                         | Alphabet, Inc., Class A                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      9464 | NS      | $3641747.20   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                           | Ameren Corp.                           | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      8099 | NS      | $920451.35    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.      | American Electric Power Co., Inc.      | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      4550 | NS      | $623850.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.         | American Financial Group, Inc.         | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      3822 | NS      | $509357.94    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                          | Cencora, Inc.                          | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       372 | NS      | $114579.72    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                   | Analog Devices, Inc.                   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      6461 | NS      | $2599001.86   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                            | Apple, Inc.                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     32396 | NS      | $8790654.60   | 5.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio, Inc.                         | Appfolio, Inc., Class A                | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      1547 | NS      | $258488.23    | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Assurant, Inc.                         | Assurant, Inc.                         | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      5460 | NS      | $1290034.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.        | Automatic Data Processing, Inc.        | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3441 | NS      | $729285.54    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                         | AutoZone, Inc.                         | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       273 | NS      | $1011200.19   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.            | AvalonBay Communities, Inc.            | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      3094 | NS      | $566202.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WR Berkley Corp.                       | W R Berkley Corp.                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     11375 | NS      | $760191.25    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.               | Berkshire Hathaway, Inc., Class B      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      6552 | NS      | $3103027.20   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block, Inc.                        | H&R Block, Inc.                        | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      9646 | NS      | $306067.58    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                         | Broadcom, Inc.                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      6552 | NS      | $2735001.36   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                        | CME Group, Inc.                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      3731 | NS      | $1073856.42   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods, Inc.                  | Cal-Maine Foods, Inc.                  | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     13650 | NS      | $1054599.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Campbell's Co. (The)                   | Campbell's Co. (The)                   | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     30940 | NS      | $643242.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Chemed Corp.                           | Chemed Corp.                           | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      2730 | NS      | $1160195.40   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy, Inc.                  | Cheniere Energy, Inc.                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      6370 | NS      | $1751431.50   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                     | Cirrus Logic, Inc.                     | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      2821 | NS      | $460048.68    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                    | Coca-Cola Co. (The)                    | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     26208 | NS      | $2064142.08   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                         | ConocoPhillips                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     10010 | NS      | $1259057.80   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.              | Consolidated Edison, Inc.              | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     11921 | NS      | $1329072.29   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva, Inc.                          | Corteva, Inc.                          | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     13832 | NS      | $1120530.32   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                 | Costco Wholesale Corp.                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3497 | NS      | $3547811.41   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                         | DTE Energy Co.                         | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      6370 | NS      | $966265.30    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                     | DT Midstream, Inc.                     | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6643 | NS      | $983097.57    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.               | Darden Restaurants, Inc.               | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      2976 | NS      | $596866.56    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO       | Other Repurchase Agreement             | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |     50000 | PA      | $50000.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dolby Laboratories, Inc.               | Dolby Laboratories, Inc., Class A      | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     19838 | NS      | $1272409.32   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                         | Treasury Repurchase Agreement          | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |    931048 | PA      | $931048.40    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Dropbox, Inc.                          | Dropbox, Inc., Class A                 | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      3640 | NS      | $88415.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                      | Duke Energy Corp.                      | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     11921 | NS      | $1544365.55   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                  | Electronic Arts, Inc.                  | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      6916 | NS      | $1399590.92   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp.                 | Encompass Health Corp.                 | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      7917 | NS      | $791700.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.             | Essex Property Trust, Inc.             | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      5187 | NS      | $1365270.27   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                           | Evergy, Inc.                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     11466 | NS      | $949843.44    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                      | Exxon Mobil Corp.                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     27937 | NS      | $4311517.21   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                   | Meta Platforms, Inc., Class A          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3003 | NS      | $1837565.73   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp.                              | Fox Corp., Class A                     | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     14833 | NS      | $941747.17    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                 | General Dynamics Corp.                 | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      3003 | NS      | $1033932.90   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                    | General Mills, Inc.                    | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     20202 | NS      | $713332.62    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                  | Gilead Sciences, Inc.                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     10374 | NS      | $1357334.16   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group, Inc. (The)    | Hanover Insurance Group, Inc. (The)    | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      4914 | NS      | $922308.66    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                           | Hasbro, Inc.                           | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |       364 | NS      | $34885.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates, Inc.          | Jack Henry & Associates, Inc.          | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      4368 | NS      | $671580.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Hershey Co. (The)                      | Hershey Co. (The)                      | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      6097 | NS      | $1132456.78   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                 | Home Depot, Inc. (The)                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1638 | NS      | $538574.40    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.  | International Business Machines Corp.  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      9737 | NS      | $2249052.26   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                   | JPMorgan Chase & Co.                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1729 | NS      | $541574.67    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                      | Johnson & Johnson                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     30303 | NS      | $6965144.55   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                  | Landstar System, Inc.                  | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      8827 | NS      | $1624785.89   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                  | Leidos Holdings, Inc.                  | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       819 | NS      | $122211.18    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                        | Eli Lilly & Co.                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2366 | NS      | $2211263.60   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                  | Lockheed Martin Corp.                  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2730 | NS      | $1414058.10   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.               | Marathon Petroleum Corp.               | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      1116 | NS      | $277091.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                       | Mastercard, Inc., Class A              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5187 | NS      | $2608646.04   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                       | McDonald's Corp.                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      9282 | NS      | $2725102.38   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                         | McKesson Corp.                         | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |        36 | NS      | $29347.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                      | Merck & Co., Inc.                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     18291 | NS      | $1997011.38   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                        | Microsoft Corp.                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     22477 | NS      | $9165671.06   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA, Inc.                       | Murphy USA, Inc.                       | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      2275 | NS      | $1337700.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences, Inc.           | Neurocrine Biosciences, Inc.           | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      5915 | NS      | $778828.05    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                          | Newmont Corp.                          | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     14287 | NS      | $1587142.83   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                 | Northrop Grumman Corp.                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1547 | NS      | $896455.56    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group, Inc.        | Northwestern Energy Group, Inc.        | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     18200 | NS      | $1316588.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                           | NVIDIA Corp.                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     54236 | NS      | $10823878.52  | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.       | Omega Healthcare Investors, Inc.       | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     18200 | NS      | $854854.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America             | Packaging Corp. of America             | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      3731 | NS      | $796381.95    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.               | Palo Alto Networks, Inc.               | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      7098 | NS      | $1272813.36   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                          | PepsiCo, Inc.                          | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      8827 | NS      | $1398991.23   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)             | Procter & Gamble Co. (The)             | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     25753 | NS      | $3788008.77   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)                | Progressive Corp. (The)                | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      3913 | NS      | $787608.64    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys, Inc.                           | Qualys, Inc.                           | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     12194 | NS      | $1060024.42   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics, Inc.                | Quest Diagnostics, Inc.                | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      6461 | NS      | $1254726.20   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                              | RTX Corp.                              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      7371 | NS      | $1297811.97   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                | Republic Services, Inc.                | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      4368 | NS      | $913872.96    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International, Inc.  | Restaurant Brands International, Inc.  | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |     13104 | NS      | $1057230.72   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.               | Roper Technologies, Inc.               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       546 | NS      | $193726.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp. International            | Service Corp. International            | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     10738 | NS      | $870100.14    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co.                    | Sonoco Products Co.                    | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |      8190 | NS      | $409172.40    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Co. (The)                     | Southern Co. (The)                     | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     16471 | NS      | $1592745.70   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                   | TJX Cos., Inc. (The)                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     11011 | NS      | $1725974.25   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                      | T-Mobile US, Inc.                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      5005 | NS      | $978477.50    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies, Inc.            | Teledyne Technologies, Inc.            | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      2093 | NS      | $1351764.05   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.                | Texas Instruments, Inc.                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      6643 | NS      | $1867214.44   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse, Inc.                  | Texas Roadhouse, Inc., Class A         | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |       285 | NS      | $45882.15     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                     | Tractor Supply Co.                     | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |       728 | NS      | $25552.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos., Inc. (The)             | Travelers Cos., Inc. (The)             | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      3367 | NS      | $1027406.38   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                      | Ulta Beauty, Inc.                      | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        41 | NS      | $22036.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America               | U.S. Treasury Bills                    | CUSIP: 912797UK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     88000 | PA      | $86533.42     | 0.05%             | 2026-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                          | Veralto Corp.                          | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |       910 | NS      | $80262.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign, Inc.                         | VeriSign, Inc.                         | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      6006 | NS      | $1613571.96   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.           | Verizon Communications, Inc.           | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     28210 | NS      | $1354926.30   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.           | Vertex Pharmaceuticals, Inc.           | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1092 | NS      | $466698.96    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                             | Visa, Inc., Class A                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     10920 | NS      | $3601852.80   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group, Inc.                 | WEC Energy Group, Inc.                 | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      8099 | NS      | $955196.06    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                | Waste Connections, Inc.                | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      5824 | NS      | $959329.28    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                 | Waste Management, Inc.                 | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      4641 | NS      | $1079264.55   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)              | Williams Cos., Inc. (The)              | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     14924 | NS      | $1138850.44   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | S&P 500 E-Mini Index                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $53692.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes plc                           | Alkermes plc                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |      9009 | NS      | $303693.39    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Amdocs Ltd.                            | Amdocs Ltd.                            | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     18746 | NS      | $1212303.82   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals plc               | Jazz Pharmaceuticals plc               | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |      1092 | NS      | $221697.84    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd.            | RenaissanceRe Holdings Ltd.            | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |      4186 | NS      | $1284976.42   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc               | Willis Towers Watson plc               | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |      4004 | NS      | $1025824.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                             | Chubb Ltd.                             | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      3549 | NS      | $1160523.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | S&P 500 Micro E-Mini Index             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        14 | NC      | $39504.96     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd. | Check Point Software Technologies Ltd. | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |      7917 | NS      | $890424.99    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                              | QIAGEN NV                              | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |      3822 | NS      | $132164.76    | 0.08%             |  |  |  | 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