# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0001752724-25-152761
**Filing Date:** 2025-6
**Character Count:** 68120
**Document Hash:** 09d268ef2cee5bbf9382717b8d3fba62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-152761.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-152761

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**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:** 251067554

**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 Quality Dividend Index Fund (Series ID: S000038873)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000119637 | FlexShares Quality Dividend Index Fund | QDF             |

## 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 Quality Dividend Index Fund

- **b. EDGAR series identifier (if any):** S000038873

- **c. LEI of Series:** 549300COLZ535QQ56B38

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $1841543720.90

**Total Liabilities:** $136423595.32

**Net Assets:** $1705120125.58

**Cash Not Reported:** $8155396.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119637 | -0.24%               | -4.60%               | -2.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-59.99                  | $-6911382.91                               |
| Month 2  | $5799089.34              | $-94453198.60                              |
| Month 3  | $1548083.64              | $-51253675.61                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radian Group, Inc.                           | Radian Group, Inc.                                                                                          | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    262144 | NS      | $8372879.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                  | Host Hotels & Resorts, Inc.                                                                                 | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    561152 | NS      | $7923466.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corp.                                                                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      2048 | NS      | $288194.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                          | Synchrony Financial                                                                                         | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     10240 | NS      | $531968.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                           | Lam Research Corp.                                                                                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    211968 | NS      | $15191746.56  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp.                                   | Pool Corp.                                                                                                  | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     22473 | NS      | $6587735.22   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Exxon Mobil Corp.                            | Exxon Mobil Corp.                                                                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     60416 | NS      | $6381742.08   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                      | Louisiana-Pacific Corp.                                                                                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     16384 | NS      | $1414103.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class A                                                                                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    137216 | NS      | $21789900.80  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                    | CubeSmart                                                                                                   | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233472 | NS      | $9495306.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                | Walmart, Inc.                                                                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     52224 | NS      | $5078784.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                          | Valero Energy Corp.                                                                                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     69632 | NS      | $8083578.88   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| OGE Energy Corp.                             | OGE Energy Corp.                                                                                            | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    221184 | NS      | $10037329.92  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI BANKING CORP NY              | SUMITOMO MITSUI BANKING CORP/NEW YORK CERTIFICATE OF DEPOSIT VARIABLE 01/OCT/2025 USD 1000                  | CUSIP: 86565GMH0<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $999963.00    | 0.06%             | 2025-10-01      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Cal-Maine Foods, Inc.                        | Cal-Maine Foods, Inc.                                                                                       | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |    102400 | NS      | $9561088.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| NVIDIA Corp.                                 | NVIDIA Corp.                                                                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    758784 | NS      | $82646753.28  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc.                                                                                  | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     17408 | NS      | $4859443.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| KLA Corp.                                    | KLA Corp.                                                                                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     21504 | NS      | $15110645.76  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.      | Mid-America Apartment Communities, Inc.                                                                     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     63488 | NS      | $10135859.20  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| MUFG Bank Ltd, New York Branch               | MUFG BANK LTD/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 08/SEP/2025 USD 1000                              | CUSIP: 55381BFN3<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $999586.00    | 0.06%             | 2025-09-08      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                     | Bristol-Myers Squibb Co.                                                                                    | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    327680 | NS      | $16449536.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital, Inc.                            | Gen Digital, Inc.                                                                                           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    350208 | NS      | $9059880.96   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class C                                                                                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    111616 | NS      | $17957898.24  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                 | Intuit, Inc.                                                                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     45056 | NS      | $28271288.32  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers, Inc.                        | Scorpio Tankers, Inc.                                                                                       | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Long             | EC               | CORP              | MH        |     10240 | NS      | $385945.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                 | Marriott International, Inc., Class A                                                                       | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      3072 | NS      | $732917.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| TD PRIME SERVICES LLC                        | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple, Inc.                                  | Apple, Inc.                                                                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    659456 | NS      | $140134400.00 | 8.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                 | ResMed, Inc.                                                                                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     43008 | NS      | $10175262.72  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.              | Automatic Data Processing, Inc.                                                                             | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     65536 | NS      | $19700121.60  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RABOBANK LONDON                              | COOPERATIEVE RABOBANK UA/LONDON CERTIFICATE OF DEPOSIT VARIABLE 03/JUL/2025 USD                             | CUSIP: N/A<br>LEI: DG3RU1DBUFHT4ZF9WN62       | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1000300.00   | 0.06%             | 2025-07-03      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp.                           | Devon Energy Corp.                                                                                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    287744 | NS      | $8750295.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                | Starwood Property Trust, Inc.                                                                               | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    470016 | NS      | $9019607.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC                         | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   8000000 | PA      | $8000000.00   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| UGI Corp.                                    | UGI Corp.                                                                                                   | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    291840 | NS      | $9569433.60   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Snap-on, Inc.                                | Snap-on, Inc.                                                                                               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     26683 | NS      | $8373392.23   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| TD PRIME SERVICES LLC                        | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |  11000000 | PA      | $11000000.00  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Camden Property Trust                        | Camden Property Trust                                                                                       | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     77824 | NS      | $8856371.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International                                                                                        | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     72704 | NS      | $3890391.04   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                                                                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    356352 | NS      | $55701381.12  | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                            | Merck & Co., Inc.                                                                                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     92160 | NS      | $7852032.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                             | Mastercard, Inc., Class A                                                                                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10240 | NS      | $5612134.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial, Inc.                         | Ally Financial, Inc.                                                                                        | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    243712 | NS      | $7959633.92   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Las Vegas Sands Corp.                        | Las Vegas Sands Corp.                                                                                       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    223232 | NS      | $8185917.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| NORDEA BANK ABP, NEW YORK BRANCH             | NORDEA BANK ABP/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 18/JUL/2025 USD 1000                            | CUSIP: 65558WCM8<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1000000 | PA      | $1000194.00   | 0.06%             | 2025-07-18      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                   | Prudential Financial, Inc.                                                                                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     95232 | NS      | $9781278.72   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group, Inc.                    | Nexstar Media Group, Inc., Class A                                                                          | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     61440 | NS      | $9195110.40   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                       | Home Depot, Inc. (The)                                                                                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      9180 | NS      | $3309298.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                | Popular, Inc.                                                                                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     91136 | NS      | $8696197.12   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                     | Skyworks Solutions, Inc.                                                                                    | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |    111616 | NS      | $7174676.48   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Trane Technologies plc                       | Trane Technologies plc                                                                                      | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     35918 | NS      | $13767728.58  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC NY                                      | CANADIAN IMPERIAL BANK OF COMMERCE/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 17/DEC/2025 USD 1000         | CUSIP: 13606DGG1<br>LEI: 549300H8L46OOZOFHU82 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $999366.00    | 0.06%             | 2025-12-17      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Old Republic International Corp.             | Old Republic International Corp.                                                                            | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    266240 | NS      | $10010624.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | Altria Group, Inc.                                                                                          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    276480 | NS      | $16353792.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                           | Ralph Lauren Corp.                                                                                          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     33792 | NS      | $7601510.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT AGRICOLE CIB, NY                      | CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK/NEW YORK CERTIFICATE OF DEPOSIT VARIABLE 31/OCT/2025 USD 1000 | CUSIP: 22532XD47<br>LEI: 254900BN8XS34XZDJ223 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1000189.00   | 0.06%             | 2025-10-31      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Williams-Sonoma, Inc.                        | Williams-Sonoma, Inc.                                                                                       | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     47104 | NS      | $7276154.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                 | Invesco Ltd.                                                                                                | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | BM        |    521216 | NS      | $7260538.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                               | Broadcom, Inc.                                                                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    101376 | NS      | $19511838.72  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                          | Kilroy Realty Corp.                                                                                         | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    273408 | NS      | $8615086.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Amdocs Ltd.                                  | Amdocs Ltd.                                                                                                 | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |    101376 | NS      | $8979886.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS NEW YORK                            | BARCLAYS BANK PLC/NY CERTIFICATE OF DEPOSIT VARIABLE 15/OCT/2025 USD 1000                                   | CUSIP: 06745GDA6<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $999997.00    | 0.06%             | 2025-10-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                         | Meta Platforms, Inc., Class A                                                                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     90884 | NS      | $49895316.00  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                    | MDU Resources Group, Inc.                                                                                   | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141312 | NS      | $2422087.68   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Costco Wholesale Corp.                       | Costco Wholesale Corp.                                                                                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      5321 | NS      | $5291734.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                                                                           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    233472 | NS      | $40007761.92  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                     | Willis Towers Watson plc                                                                                    | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |     31750 | NS      | $9772650.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Robert Half, Inc.                            | Robert Half, Inc.                                                                                           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     93184 | NS      | $4128051.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                          | S&P 500 E-Mini Index                                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        28 | NC      | $7420.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS, NY                              | BNP PARIBAS SA/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 01/DEC/2025 USD 1000                             | CUSIP: 05593DFX6<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $999588.00    | 0.06%             | 2025-12-01      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Eagle Materials, Inc.                        | Eagle Materials, Inc.                                                                                       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      5120 | NS      | $1159116.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| THE BANK OF NOVA SCOTIA, TORONTO             | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |  12000000 | PA      | $12000000.00  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co.                                                                                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    106496 | NS      | $26051051.52  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                                                                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    133120 | NS      | $15364710.40  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems, Inc.                        | Bentley Systems, Inc., Class B                                                                              | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |    189440 | NS      | $8144025.60   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Lowe's Cos., Inc.                            | Lowe's Cos., Inc.                                                                                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     86016 | NS      | $19229736.96  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                              | Schlumberger NV                                                                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    267264 | NS      | $8886528.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Co.                                                                                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     30720 | NS      | $2832076.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's, Inc.                              | Dillard's, Inc., Class A                                                                                    | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |     15519 | NS      | $5379816.54   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Chevron Corp.                                | Chevron Corp.                                                                                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2048 | NS      | $278650.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Installed Building Products, Inc.            | Installed Building Products, Inc.                                                                           | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     50176 | NS      | $8320686.08   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| ConocoPhillips                               | ConocoPhillips                                                                                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    209920 | NS      | $18708070.40  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions, Inc.         | Broadridge Financial Solutions, Inc.                                                                        | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     24576 | NS      | $5957222.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                   | Cullen/Frost Bankers, Inc.                                                                                  | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     65536 | NS      | $7632977.92   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.               | Wyndham Hotels & Resorts, Inc.                                                                              | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      8192 | NS      | $698777.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Caterpillar, Inc.                            | Caterpillar, Inc.                                                                                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     60342 | NS      | $18661970.34  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp.                       | Blue Owl Capital Corp.                                                                                      | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |    618496 | NS      | $8665128.96   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| TJX Cos., Inc. (The)                         | TJX Cos., Inc. (The)                                                                                        | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2048 | NS      | $263536.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp.                                   | Olin Corp.                                                                                                  | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    108544 | NS      | $2346721.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc.                                                                                 | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     47104 | NS      | $9890897.92   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Procter & Gamble Co. (The)                   | Procter & Gamble Co. (The)                                                                                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    324608 | NS      | $52771522.56  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OCBC NEW YORK                                | OVERSEA-CHINESE BANKING CORP LTD/NEW YORK CERTIFICATE OF DEPOSIT VARIABLE 17/OCT/2025 USD 1000              | CUSIP: 69033NGF6<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $999988.00    | 0.06%             | 2025-10-17      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                       | Truist Financial Corp.                                                                                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    236544 | NS      | $9069096.96   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp.                              | ChampionX Corp.                                                                                             | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    280576 | NS      | $6770298.88   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Domino's Pizza, Inc.                         | Domino's Pizza, Inc.                                                                                        | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      7168 | NS      | $3514972.16   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                | MetLife, Inc.                                                                                               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    122880 | NS      | $9261465.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BK OF CANADA FINANCIAL INC          | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |   7000000 | PA      | $7000000.00   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Union Co. (The)                      | Western Union Co. (The)                                                                                     | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    857088 | NS      | $8493742.08   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Principal Financial Group, Inc.              | Principal Financial Group, Inc.                                                                             | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     84992 | NS      | $6302156.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                | Paychex, Inc.                                                                                               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     73728 | NS      | $10846863.36  | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                          | S&P Midcap 400 E-Mini Index                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $2293.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp.                                                                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    204800 | NS      | $80949248.00  | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                 | Matson, Inc.                                                                                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     28672 | NS      | $3127828.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                        | Bank of America Corp.                                                                                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     31744 | NS      | $1265950.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage                                                                                              | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     36864 | NS      | $11075051.52  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                               | Treasury Repurchase Agreement                                                                               | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |  47660513 | PA      | $47660512.68  | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergy, Inc.                                 | Evergy, Inc.                                                                                                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    146432 | NS      | $10118451.20  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| NIKE, Inc.                                   | NIKE, Inc., Class B                                                                                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    192512 | NS      | $10857676.80  | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of New York Mellon Corp. (The)          | Bank of New York Mellon Corp. (The)                                                                         | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    130048 | NS      | $10457159.68  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                       | 3M Co.                                                                                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     89088 | NS      | $12375214.08  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                               | Tapestry, Inc.                                                                                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    110592 | NS      | $7813324.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings, Inc.                       | OneMain Holdings, Inc.                                                                                      | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    162816 | NS      | $7663749.12   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| SUMITOMO MITSUI TRUST BANK LTD, LDN          | SUMITOMO MITSUI TRUST BANK LTD/LONDON CERTIFICATE OF DEPOSIT ZERO CPN 17/JUL/2025 USD                       | CUSIP: N/A<br>LEI: 5493006GGLR4BTEL8O61       | Long             | DBT              | CORP              | JP        |   1977506 | PA      | $1981020.00   | 0.12%             | 2025-07-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Old Dominion Freight Line, Inc.              | Old Dominion Freight Line, Inc.                                                                             | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      1024 | NS      | $156958.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                           | Equity Residential                                                                                          | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    140288 | NS      | $9856634.88   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                 | AbbVie, Inc.                                                                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    284672 | NS      | $55539507.20  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTPAC BKG CORP, NEW YORK                   | WESTPAC BANKING CORP/NY CERTIFICATE OF DEPOSIT VARIABLE 11/SEP/2025 USD 1000                                | CUSIP: 96130AXX1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1000034.00   | 0.06%             | 2025-09-11      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                          | Union Pacific Corp.                                                                                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     97280 | NS      | $20979404.80  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group, Inc.                       | WEC Energy Group, Inc.                                                                                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     68608 | NS      | $7513948.16   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                     | Marathon Petroleum Corp.                                                                                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     61440 | NS      | $8442470.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| NXP Semiconductors NV                        | NXP Semiconductors NV                                                                                       | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     49152 | NS      | $9059205.12   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                       | Booking Holdings, Inc.                                                                                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3127 | NS      | $15945448.56  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                 | NetApp, Inc.                                                                                                | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     50176 | NS      | $4503296.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| EOG Resources, Inc.                          | EOG Resources, Inc.                                                                                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     92160 | NS      | $10168012.80  | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Gilead Sciences, Inc.                        | Gilead Sciences, Inc.                                                                                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    200704 | NS      | $21383004.16  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                            | Duke Energy Corp.                                                                                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      5120 | NS      | $624742.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                     | UnitedHealth Group, Inc.                                                                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     11264 | NS      | $4634460.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                   | Visa, Inc., Class A                                                                                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     27648 | NS      | $9552384.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Parker-Hannifin Corp.                        | Parker-Hannifin Corp.                                                                                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1142 | NS      | $690978.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works, Inc.                    | Illinois Tool Works, Inc.                                                                                   | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     48128 | NS      | $11546388.48  | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Kontoor Brands, Inc.                         | Kontoor Brands, Inc.                                                                                        | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |    108544 | NS      | $6528921.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                        | Paycom Software, Inc.                                                                                       | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     34816 | NS      | $7881994.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac, Inc.                                  | Aflac, Inc.                                                                                                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     99328 | NS      | $10794967.04  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                        | Leidos Holdings, Inc.                                                                                       | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     30720 | NS      | $4521369.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International plc                | Weatherford International plc                                                                               | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |     12288 | NS      | $508723.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                           | DT Midstream, Inc.                                                                                          | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92160 | NS      | $8957952.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                                | Accenture plc, Class A                                                                                      | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     99435 | NS      | $29745980.25  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                      | Bath & Body Works, Inc.                                                                                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    129024 | NS      | $3936522.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Dominion Energy, Inc.                        | Dominion Energy, Inc.                                                                                       | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    195584 | NS      | $10635857.92  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | Fastenal Co.                                                                                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    131072 | NS      | $10612899.84  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                        | Electronic Arts, Inc.                                                                                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     63488 | NS      | $9211473.92   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                               | QUALCOMM, Inc.                                                                                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    179200 | NS      | $26604032.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                             | NRG Energy, Inc.                                                                                            | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      4096 | NS      | $448839.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Scotts Miracle-Gro Co. (The)                 | Scotts Miracle-Gro Co. (The)                                                                                | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |    124928 | NS      | $6293872.64   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                        | Lockheed Martin Corp.                                                                                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     20613 | NS      | $9847860.75   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                 | Brixmor Property Group, Inc.                                                                                | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    217088 | NS      | $5407662.08   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| EMCOR Group, Inc.                            | EMCOR Group, Inc.                                                                                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      4096 | NS      | $1641267.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.            | Booz Allen Hamilton Holding Corp.                                                                           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     18432 | NS      | $2212208.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                             | Salesforce, Inc.                                                                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4096 | NS      | $1100636.16   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc.                                                                | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    122880 | NS      | $9692774.40   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC                 | Treasury Repurchase Agreement                                                                               | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  36000000 | PA      | $36000000.00  | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Lamar Advertising Co.                        | Lamar Advertising Co., Class A                                                                              | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     72704 | NS      | $8274442.24   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| H&R Block, Inc.                              | H&R Block, Inc.                                                                                             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     53248 | NS      | $3214581.76   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Iridium Communications, Inc.                 | Iridium Communications, Inc.                                                                                | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |    197632 | NS      | $4768860.16   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Cabot Corp.                                  | Cabot Corp.                                                                                                 | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     21511 | NS      | $1689473.94   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                 | Zoetis, Inc.                                                                                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     74752 | NS      | $11691212.80  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                   | eBay, Inc.                                                                                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    150528 | NS      | $10259988.48  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                 | Cintas Corp.                                                                                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33792 | NS      | $7153090.56   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial, Inc.                        | Virtu Financial, Inc., Class A                                                                              | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |    252928 | NS      | $9902131.20   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO