# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-26-006218
**Filing Date:** 2026-3
**Character Count:** 49112
**Document Hash:** 306601e7d13590faf57113f0b248d3c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-006218.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0002071691-26-006218

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22555
- **FILM NUMBER:** 26788672

**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 Defensive Index Fund (Series ID: S000038875)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000119639 | FlexShares Quality Dividend Defensive Index Fund | QDEF            |

## 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 Defensive Index Fund

- **b. EDGAR series identifier (if any):** S000038875

- **c. LEI of Series:** 549300Z60HVOAIFFJE65

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $532154214.46

**Total Liabilities:** $28323952.81

**Net Assets:** $503830261.65

**Cash Not Reported:** $3626788.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119639 | 1.98%                | -0.38%               | 1.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4496081.01              | $4749600.24                                |
| Month 2  | $20179.04                | $-2842376.97                               |
| Month 3  | $0.00                    | $7670925.79                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Match Group, Inc.                            | Match Group, Inc.                            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     76685 | NS      | $2388737.75   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp.                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     12495 | NS      | $1766793.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class A                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     35770 | NS      | $12090260.00  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc. | Expeditors International of Washington, Inc. | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     15435 | NS      | $2477934.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                | Walmart, Inc.                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      9800 | NS      | $1167572.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                        | Landstar System, Inc.                        | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     12005 | NS      | $1793066.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Cal-Maine Foods, Inc.                        | Cal-Maine Foods, Inc.                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     26950 | NS      | $2251133.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| NVIDIA Corp.                                 | NVIDIA Corp.                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    173705 | NS      | $33200236.65  | 6.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos., Inc.                          | Carlisle Cos., Inc.                          | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      5145 | NS      | $1753879.05   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc.                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      8085 | NS      | $2036368.95   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Glacier Bancorp, Inc.                        | Glacier Bancorp, Inc.                        | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |      4900 | NS      | $248332.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| KLA Corp.                                    | KLA Corp.                                    | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5145 | NS      | $7346751.30   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.      | Mid-America Apartment Communities, Inc.      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     19600 | NS      | $2632280.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                     | Bristol-Myers Squibb Co.                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     77665 | NS      | $4275458.25   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital, Inc.                            | Gen Digital, Inc.                            | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     78890 | NS      | $1892571.10   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Co.                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3675 | NS      | $3811526.25   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class C                      | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     28665 | NS      | $9703962.45   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                 | Intuit, Inc.                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      8085 | NS      | $4033768.20   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova, Inc.                             | GE Vernova, Inc.                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      4096 | NS      | $2975211.52   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide, Inc.                  | CH Robinson Worldwide, Inc.                  | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     16905 | NS      | $3295629.75   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                  | Apple, Inc.                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    146510 | NS      | $38016414.80  | 7.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                 | ResMed, Inc.                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      9310 | NS      | $2404866.10   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Automatic Data Processing, Inc.              | Automatic Data Processing, Inc.              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     15435 | NS      | $3809666.70   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                | Starwood Property Trust, Inc.                | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    120540 | NS      | $2161282.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Cheniere Energy, Inc.                        | Cheniere Energy, Inc.                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     11025 | NS      | $2332008.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC                         | Other Repurchase Agreement                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Camden Property Trust                        | Camden Property Trust                        | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     24500 | NS      | $2671725.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International                         | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     43610 | NS      | $2716030.80   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                        | MGIC Investment Corp.                        | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     82810 | NS      | $2229245.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     73990 | NS      | $16814227.50  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                            | Merck & Co., Inc.                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     62475 | NS      | $6889118.25   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                             | Mastercard, Inc., Class A                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1715 | NS      | $924024.85    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                        | American Homes 4 Rent, Class A               | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     13720 | NS      | $429710.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                 | Pfizer, Inc.                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     39445 | NS      | $1042925.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                        | Range Resources Corp.                        | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     64925 | NS      | $2457411.25   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Prudential Financial, Inc.                   | Prudential Financial, Inc.                   | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     14210 | NS      | $1578873.10   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems, Inc.                            | Pegasystems, Inc.                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     11526 | NS      | $503570.94    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life, Inc.                             | Globe Life, Inc.                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     18441 | NS      | $2585797.02   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group, Inc.                    | Nexstar Media Group, Inc., Class A           | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     13475 | NS      | $2861820.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Home Depot, Inc. (The)                       | Home Depot, Inc. (The)                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      9310 | NS      | $3487432.90   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                                | Newmont Corp.                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     41895 | NS      | $4706903.25   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                | Popular, Inc.                                | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     20580 | NS      | $2748047.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                       | Trane Technologies plc                       | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      8575 | NS      | $3606473.50   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | Altria Group, Inc.                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     63945 | NS      | $3963950.55   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp.                              | NewMarket Corp.                              | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      3185 | NS      | $2136466.15   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Consolidated Edison, Inc.                    | Consolidated Edison, Inc.                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     26705 | NS      | $2847554.15   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | S&P 500 E-Mini Index                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $37435.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global, Inc.                             | S&P Global, Inc.                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       256 | NS      | $135114.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares, Inc.                  | Prosperity Bancshares, Inc.                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37138 | NS      | $2562893.38   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins, Inc.                                | Rollins, Inc.                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     10755 | NS      | $681221.70    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                               | Broadcom, Inc.                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     69580 | NS      | $23051854.00  | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                               | McKesson Corp.                               | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3185 | NS      | $2647403.85   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                          | Kilroy Realty Corp.                          | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     60025 | NS      | $2069662.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                  | Amdocs Ltd.                                  | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     31850 | NS      | $2609789.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                      | Agnico Eagle Mines Ltd.                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     19110 | NS      | $3640455.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Costco Wholesale Corp.                       | Costco Wholesale Corp.                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1330 | NS      | $1250532.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     59535 | NS      | $10682960.40  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                     | Willis Towers Watson plc                     | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |      7840 | NS      | $2488964.80   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Chemed Corp.                                 | Chemed Corp.                                 | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      1596 | NS      | $681715.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure, Inc.                           | Clear Secure, Inc., Class A                  | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12806 | NS      | $417731.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                          | S&P 500 Micro E-Mini Index                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $1095.02      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BK OF CANADA FINANCIAL INC          | Other Repurchase Agreement                   | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |   5000000 | PA      | $5000000.00   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO             | Other Repurchase Agreement                   | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |   6000000 | PA      | $6000000.00   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bancorp                                   | US Bancorp                                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     63210 | NS      | $3546713.10   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc.                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    106330 | NS      | $8327765.60   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co.                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     32585 | NS      | $9967425.65   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                            | T-Mobile US, Inc.                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     17150 | NS      | $3382151.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems, Inc.                        | Bentley Systems, Inc., Class B               | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     44835 | NS      | $1574605.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Lowe's Cos., Inc.                            | Lowe's Cos., Inc.                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     21315 | NS      | $5692383.90   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Co.                        | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     15435 | NS      | $1393626.15   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's, Inc.                              | Dillard's, Inc., Class A                     | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |      3920 | NS      | $2381635.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Copper Corp.                        | Southern Copper Corp.                        | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     11025 | NS      | $2098278.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Cullen/Frost Bankers, Inc.                   | Cullen/Frost Bankers, Inc.                   | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     19977 | NS      | $2753230.14   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co., Inc.              | MSC Industrial Direct Co., Inc., Class A     | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |      5589 | NS      | $471376.26    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Avery Dennison Corp.                         | Avery Dennison Corp.                         | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     11515 | NS      | $2136147.65   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                                 | Vistra Corp.                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      3195 | NS      | $505928.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                       | Verisk Analytics, Inc.                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      8451 | NS      | $1837754.46   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp.     | Science Applications International Corp.     | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |      6147 | NS      | $625518.72    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                         | TJX Cos., Inc. (The)                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     42630 | NS      | $6386400.30   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc.                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     14700 | NS      | $2611749.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| VICI Properties, Inc.                        | VICI Properties, Inc., Class A               | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     81095 | NS      | $2277147.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                   | Procter & Gamble Co. (The)                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     88200 | NS      | $13386114.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                       | Truist Financial Corp.                       | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     62965 | NS      | $3237660.30   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares, Inc.                    | Commerce Bancshares, Inc.                    | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48361 | NS      | $2545723.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Domino's Pizza, Inc.                         | Domino's Pizza, Inc.                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      4655 | NS      | $1910086.15   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| American Financial Group, Inc.               | American Financial Group, Inc.               | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     17395 | NS      | $2266046.65   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                | MetLife, Inc.                                | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     35280 | NS      | $2782886.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                               | Treasury Repurchase Agreement                | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |  16088553 | PA      | $16088553.20  | 3.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Franklin Resources, Inc.                     | Franklin Resources, Inc.                     | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     95795 | NS      | $2550062.90   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                  | Amgen, Inc.                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      9800 | NS      | $3350424.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp.                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     49000 | NS      | $21084210.00  | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corp.                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      7595 | NS      | $404054.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                 | CF Industries Holdings, Inc.                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     26215 | NS      | $2444024.45   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage                               | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     10045 | NS      | $2774328.55   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                 | Evergy, Inc.                                 | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     33320 | NS      | $2556643.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                         | Kimberly-Clark Corp.                         | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     25970 | NS      | $2596740.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Tapestry, Inc.                               | Tapestry, Inc.                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     25235 | NS      | $3202573.85   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                 | Hasbro, Inc.                                 | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     32340 | NS      | $2888285.40   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings, Inc.                       | OneMain Holdings, Inc.                       | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     38955 | NS      | $2553110.70   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                   | Unum Group                                   | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     32830 | NS      | $2494095.10   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Equity Residential                           | Equity Residential                           | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     43365 | NS      | $2702506.80   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp.                                  | Masco Corp.                                  | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     12495 | NS      | $825794.55    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp, Inc.                      | East West Bancorp, Inc.                      | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |     23765 | NS      | $2719666.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| AbbVie, Inc.                                 | AbbVie, Inc.                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     65660 | NS      | $14642836.60  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                          | Omnicom Group, Inc.                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      4410 | NS      | $339746.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings, Inc.          | Allison Transmission Holdings, Inc.          | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     15680 | NS      | $1704416.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                            | Hershey Co. (The)                            | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     14455 | NS      | $2815111.25   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.           | American International Group, Inc.           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     35525 | NS      | $2660112.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                          | EOG Resources, Inc.                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     23275 | NS      | $2609825.75   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                        | Gilead Sciences, Inc.                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     47530 | NS      | $6746883.50   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                            | Duke Energy Corp.                            | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     29400 | NS      | $3567690.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Visa, Inc.                                   | Visa, Inc., Class A                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5635 | NS      | $1813512.05   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works, Inc.                    | Illinois Tool Works, Inc.                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     11270 | NS      | $2944400.20   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                 | GE Aerospace                                 | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       245 | NS      | $75163.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                        | Paycom Software, Inc.                        | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       512 | NS      | $68992.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Aflac, Inc.                                  | Aflac, Inc.                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     24745 | NS      | $2745457.75   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                        | Leidos Holdings, Inc.                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     13720 | NS      | $2583201.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co. (The)                               | Toro Co. (The)                               | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     23052 | NS      | $2109258.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Yum! Brands, Inc.                            | Yum! Brands, Inc.                            | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     17640 | NS      | $2743020.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Fastenal Co.                                 | Fastenal Co.                                 | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     56840 | NS      | $2464582.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| New York Times Co. (The)                     | New York Times Co. (The), Class A            | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     38955 | NS      | $2855791.05   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Electronic Arts, Inc.                        | Electronic Arts, Inc.                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     13965 | NS      | $2847742.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                               | QUALCOMM, Inc.                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     41160 | NS      | $6239444.40   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp. (The)                              | AES Corp. (The)                              | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    168805 | NS      | $2472993.25   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                                | Cencora, Inc.                                | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      7840 | NS      | $2816284.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                        | Lockheed Martin Corp.                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      8085 | NS      | $5127668.70   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                           | Vail Resorts, Inc.                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     14700 | NS      | $1956129.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Booz Allen Hamilton Holding Corp.            | Booz Allen Hamilton Holding Corp.            | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     30135 | NS      | $2664536.70   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     28665 | NS      | $1583741.25   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co.                        | National Fuel Gas Co.                        | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     27440 | NS      | $2298100.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| H&R Block, Inc.                              | H&R Block, Inc.                              | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     55615 | NS      | $2194011.75   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                 | Zoetis, Inc.                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1064 | NS      | $132808.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                   | eBay, Inc.                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     27195 | NS      | $2480727.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                           | Best Buy Co., Inc.                           | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     33320 | NS      | $2169132.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO