# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-25-009644
**Filing Date:** 2025-12
**Character Count:** 60520
**Document Hash:** 4defa68f551ce2cc00af4be175434813
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009644.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009644

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**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:** 251596530

**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:** 2025-10-31

**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:** $2104012817.07

**Total Liabilities:** $101764419.93

**Net Assets:** $2002248397.14

**Cash Not Reported:** $12490043.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119637 | 3.19%                | 3.14%                | 1.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $774385.19               | $55353718.96                               |
| Month 2  | $42350737.04             | $14775308.67                               |
| Month 3  | $3990.63                 | $19523809.12                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Host Hotels & Resorts, Inc.                  | Host Hotels & Resorts, Inc.                                                                         | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    624122 | NS      | $9998434.44   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group, Inc.                            | Match Group, Inc.                                                                                   | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |    259220 | NS      | $8383174.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                          | Synchrony Financial                                                                                 | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     74775 | NS      | $5561764.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| NATIXIS NY                                   | NATIXIS SA/NEW YORK NY CERTIFICATE OF DEPOSIT FIXED 4.47% 11/DEC/2025 USD 1000                      | CUSIP: 63873TDM7<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1000655.00   | 0.05%             | 2025-12-11      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp.                           | Lam Research Corp.                                                                                  | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    200397 | NS      | $31554511.62  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp.                                   | Pool Corp.                                                                                          | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     20937 | NS      | $5591435.22   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp.                                                                                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     57826 | NS      | $6612981.36   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                      | Louisiana-Pacific Corp.                                                                             | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     99700 | NS      | $8684867.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Alphabet, Inc.                               | Alphabet, Inc., Class A                                                                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    134595 | NS      | $37846768.05  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                | Walmart, Inc.                                                                                       | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     40877 | NS      | $4135934.86   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods, Inc.                        | Cal-Maine Foods, Inc.                                                                               | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     89730 | NS      | $7878294.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| NVIDIA Corp.                                 | NVIDIA Corp.                                                                                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    709864 | NS      | $143740361.36 | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                               | Treasury Repurchase Agreement                                                                       | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |   8456656 | PA      | $8456656.50   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd, New York Branch               | MUFG BANK LTD/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 12/MAR/2026 USD 1000                      | CUSIP: 55381BMT2<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $999933.00    | 0.05%             | 2026-03-12      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| EPR Properties                               | EPR Properties                                                                                      | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |    183448 | NS      | $8992620.96   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc.                                                                          | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     16949 | NS      | $4267249.73   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                    | KLA Corp.                                                                                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     20832 | NS      | $25180471.68  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.      | Mid-America Apartment Communities, Inc.                                                             | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     57826 | NS      | $7415027.98   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Bristol-Myers Squibb Co.                     | Bristol-Myers Squibb Co.                                                                            | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    319040 | NS      | $14698172.80  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class C                                                                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    105682 | NS      | $29783301.24  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                 | Intuit, Inc.                                                                                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     43786 | NS      | $29229344.30  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova, Inc.                             | GE Vernova, Inc.                                                                                    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     42755 | NS      | $25017660.70  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                  | Apple, Inc.                                                                                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    639077 | NS      | $172787248.49 | 8.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                 | ResMed, Inc.                                                                                        | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     37840 | NS      | $9341939.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Automatic Data Processing, Inc.              | Automatic Data Processing, Inc.                                                                     | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     63808 | NS      | $16609222.40  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                | Starwood Property Trust, Inc.                                                                       | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    481551 | NS      | $8754597.18   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC                         | Other Repurchase Agreement                                                                          | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   8000000 | PA      | $8000000.00   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| UGI Corp.                                    | UGI Corp.                                                                                           | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    254235 | NS      | $8499076.05   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on, Inc.                                | Snap-on, Inc.                                                                                       | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     25922 | NS      | $8698127.10   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International                                                                                | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     70787 | NS      | $3920184.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                                                                                   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    284145 | NS      | $53666466.15  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                            | Merck & Co., Inc.                                                                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     89730 | NS      | $7714985.40   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                             | Mastercard, Inc., Class A                                                                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8973 | NS      | $4953006.27   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                 | Pfizer, Inc.                                                                                        | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    893312 | NS      | $22020140.80  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial, Inc.                         | Ally Financial, Inc.                                                                                | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    166499 | NS      | $6488466.03   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| SUMITOMO MITSUI BANKING CORP NY              | SUMITOMO MITSUI BANKING CORP/NEW YORK CERTIFICATE OF DEPOSIT VARIABLE 09/APR/2026 USD 1000          | CUSIP: 86565GTX8<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $999817.00    | 0.05%             | 2026-04-09      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Federal Realty Investment Trust              | Federal Realty Investment Trust                                                                     | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     76769 | NS      | $7384410.11   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                   | Prudential Financial, Inc.                                                                          | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     90727 | NS      | $9435608.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                  | United Parcel Service, Inc., Class B                                                                | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    112661 | NS      | $10862773.62  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TD PRIME SERVICES LLC                        | Other Repurchase Agreement                                                                          | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Pegasystems, Inc.                            | Pegasystems, Inc.                                                                                   | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    108673 | NS      | $6917036.45   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Nexstar Media Group, Inc.                    | Nexstar Media Group, Inc., Class A                                                                  | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     46859 | NS      | $9171712.07   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                       | Home Depot, Inc. (The)                                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      6979 | NS      | $2649158.61   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LTD,NY            | SUMITOMO MITSUI TRUST NY CERTIFICATE OF DEPOSIT VARIABLE 07/NOV/2025 USD 1000                       | CUSIP: 86564P6Y2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1000029.00   | 0.05%             | 2025-11-07      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Popular, Inc.                                | Popular, Inc.                                                                                       | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     83748 | NS      | $9335389.56   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                     | Skyworks Solutions, Inc.                                                                            | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |    109670 | NS      | $8523552.40   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                       | Trane Technologies plc                                                                              | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     34895 | NS      | $15655641.75  | 0.78%             |  |  |  | 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      | $999918.00    | 0.05%             | 2025-12-17      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN LIFE INSURANCE COMPANY          | Treasury Repurchase Agreement                                                                       | CUSIP: N/A<br>LEI: 549300H7EXFMRS487544       | Long             | RA               | CORP              | US        |  10000000 | PA      | $10000000.00  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                           | Altria Group, Inc.                                                                                  | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    264205 | NS      | $14895877.90  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                          | Vertiv Holdings Co., Class A                                                                        | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     81754 | NS      | $15767076.44  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                           | Ralph Lauren Corp.                                                                                  | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     32901 | NS      | $10517133.66  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TD PRIME SERVICES LLC                        | Other Repurchase Agreement                                                                          | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Williams-Sonoma, Inc.                        | Williams-Sonoma, Inc.                                                                               | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     50847 | NS      | $9881605.98   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| APA Corp.                                    | APA Corp.                                                                                           | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    478560 | NS      | $10839384.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Prosperity Bancshares, Inc.                  | Prosperity Bancshares, Inc.                                                                         | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57826 | NS      | $3806107.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial, Inc.                      | Jackson Financial, Inc., Class A                                                                    | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |    104685 | NS      | $10553294.85  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                 | Invesco Ltd.                                                                                        | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | BM        |    467593 | NS      | $11081954.10  | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Broadcom, Inc.                               | Broadcom, Inc.                                                                                      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    234295 | NS      | $86602460.85  | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUSTON                  | BANK OF NOVA SCOTIA/HOUSTON CERTIFICATE OF DEPOSIT VARIABLE 01/JUL/2026 USD 1000                    | CUSIP: 06418NHH8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999986.60    | 0.05%             | 2026-07-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty Corp.                          | Kilroy Realty Corp.                                                                                 | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    254235 | NS      | $10741428.75  | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Amdocs Ltd.                                  | Amdocs Ltd.                                                                                         | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     95712 | NS      | $8064693.12   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Magnolia Oil & Gas Corp.                     | Magnolia Oil & Gas Corp., Class A                                                                   | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    409767 | NS      | $9203366.82   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Meta Platforms, Inc.                         | Meta Platforms, Inc., Class A                                                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     55056 | NS      | $35695557.60  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                       | Costco Wholesale Corp.                                                                              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      5123 | NS      | $4669358.35   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                                                                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    226319 | NS      | $32664621.27  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                     | Willis Towers Watson plc                                                                            | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |     30907 | NS      | $9676981.70   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK OF MONTREAL CHICAGO                     | BANK OF MONTREAL/CHICAGO IL CERTIFICATE OF DEPOSIT VARIABLE 29/MAY/2026 USD 1000                    | CUSIP: 06367DQZ1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1000431.00   | 0.05%             | 2026-05-29      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Clear Secure, Inc.                           | Clear Secure, Inc., Class A                                                                         | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276169 | NS      | $8414869.43   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| 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      | $1000081.00   | 0.05%             | 2025-12-01      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| NATIONAL BK OF CANADA FINANCIAL INC          | Other Repurchase Agreement                                                                          | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |  20000000 | PA      | $20000000.00  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO             | Other Repurchase Agreement                                                                          | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |   7000000 | PA      | $7000000.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bancorp                                   | US Bancorp                                                                                          | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    251244 | NS      | $11728069.92  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                    | Rockwell Automation, Inc.                                                                           | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     30907 | NS      | $11384902.52  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc.                                                                                 | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    619137 | NS      | $45265106.07  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co.                                                                                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    103688 | NS      | $32259410.56  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                            | Lowe's Cos., Inc.                                                                                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     82751 | NS      | $19705495.63  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                     | SLB Ltd.                                                                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    328013 | NS      | $11828148.78  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Co.                                                                               | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     27916 | NS      | $2150927.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings, Inc.                       | Kinetik Holdings, Inc., Class A                                                                     | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44865 | NS      | $1727751.15   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Dillard's, Inc.                              | Dillard's, Inc., Class A                                                                            | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |     15948 | NS      | $9570075.84   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Installed Building Products, Inc.            | Installed Building Products, Inc.                                                                   | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     36889 | NS      | $9156956.47   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Broadridge Financial Solutions, Inc.         | Broadridge Financial Solutions, Inc.                                                                | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     23928 | NS      | $5273731.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                   | Cullen/Frost Bankers, Inc.                                                                          | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     76769 | NS      | $9453334.66   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Vistra Corp.                                 | Vistra Corp.                                                                                        | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     40877 | NS      | $7697139.10   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                               | Treasury Repurchase Agreement                                                                       | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |  10935747 | PA      | $10935746.60  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Caterpillar, Inc.                            | Caterpillar, Inc.                                                                                   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     57826 | NS      | $33380636.76  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                         | TJX Cos., Inc. (The)                                                                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1994 | NS      | $279439.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                   | Ameriprise Financial, Inc.                                                                          | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     21934 | NS      | $9931057.18   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc.                                                                         | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     45862 | NS      | $7976319.04   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| VICI Properties, Inc.                        | VICI Properties, Inc., Class A                                                                      | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    330007 | NS      | $9896909.93   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                   | Procter & Gamble Co. (The)                                                                          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    315052 | NS      | $47374369.24  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                       | Truist Financial Corp.                                                                              | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    251244 | NS      | $11213019.72  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza, Inc.                         | Domino's Pizza, Inc.                                                                                | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      6979 | NS      | $2780852.34   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| MetLife, Inc.                                | MetLife, Inc.                                                                                       | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    138583 | NS      | $11061695.06  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                     | Franklin Resources, Inc.                                                                            | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    386836 | NS      | $8746361.96   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.              | Principal Financial Group, Inc.                                                                     | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     81754 | NS      | $6870606.16   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | S&P 500 E-Mini Index                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        34 | NC      | $343848.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp.                                                                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    202306 | NS      | $104756069.86 | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corp.                                                                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     30907 | NS      | $1651979.15   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage                                                                                      | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     32901 | NS      | $9164902.56   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                 | Evergy, Inc.                                                                                        | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    135592 | NS      | $10414821.52  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                   | NIKE, Inc., Class B                                                                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    184445 | NS      | $11913302.55  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                               | Tapestry, Inc.                                                                                      | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    102691 | NS      | $11277525.62  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                 | Hasbro, Inc.                                                                                        | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     71784 | NS      | $5477837.04   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings, Inc.                       | OneMain Holdings, Inc.                                                                              | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    158523 | NS      | $9382976.37   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Equity Residential                           | Equity Residential                                                                                  | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    130607 | NS      | $7763280.08   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                 | AbbVie, Inc.                                                                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    275172 | NS      | $59998502.88  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                          | Omnicom Group, Inc.                                                                                 | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     37886 | NS      | $2842207.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                          | Union Pacific Corp.                                                                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     92721 | NS      | $20432926.77  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                       | Booking Holdings, Inc.                                                                              | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3024 | NS      | $15355085.76  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                 | NetApp, Inc.                                                                                        | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     48853 | NS      | $5753906.34   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO DOMINION NY                          | TORONTO-DOMINION BANK/NY CERTIFICATE OF DEPOSIT VARIABLE 08/MAY/2026 USD 1000                       | CUSIP: 89115DCC8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2001554.00   | 0.10%             | 2026-05-08      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                          | EOG Resources, Inc.                                                                                 | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     96709 | NS      | $10235680.56  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                        | Gilead Sciences, Inc.                                                                               | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    195412 | NS      | $23408403.48  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC                 | Treasury Repurchase Agreement                                                                       | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  21442598 | PA      | $21442598.20  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | S&P Midcap 400 E-Mini Index                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $-39688.80    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                   | Visa, Inc., Class A                                                                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     24925 | NS      | $8492944.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Parker-Hannifin Corp.                        | Parker-Hannifin Corp.                                                                               | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1076 | NS      | $831565.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works, Inc.                    | Illinois Tool Works, Inc.                                                                           | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     45862 | NS      | $11186659.04  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                 | GE Aerospace                                                                                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    156529 | NS      | $48359634.55  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                        | Paycom Software, Inc.                                                                               | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     32901 | NS      | $6155448.09   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Aflac, Inc.                                  | Aflac, Inc.                                                                                         | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     96709 | NS      | $10366237.71  | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Weatherford International plc                | Weatherford International plc                                                                       | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |     11964 | NS      | $881627.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Accenture plc                                | Accenture plc, Class A                                                                              | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     96709 | NS      | $24186920.90  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                      | Bath & Body Works, Inc.                                                                             | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    125622 | NS      | $3075226.56   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | Fastenal Co.                                                                                        | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    232301 | NS      | $9559186.15   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                        | Electronic Arts, Inc.                                                                               | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     62811 | NS      | $12565968.66  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                               | QUALCOMM, Inc.                                                                                      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    167496 | NS      | $30300026.40  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                             | NRG Energy, Inc.                                                                                    | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      4985 | NS      | $856722.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co. (The)                 | Scotts Miracle-Gro Co. (The)                                                                        | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |    119640 | NS      | $6403132.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                           | Vail Resorts, Inc.                                                                                  | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     21934 | NS      | $3253470.22   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                 | Brixmor Property Group, Inc.                                                                        | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    208373 | NS      | $5451037.68   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Booz Allen Hamilton Holding Corp.            | Booz Allen Hamilton Holding Corp.                                                                   | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     17946 | NS      | $1564173.36   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO DOMINION NY                          | TORONTO-DOMINION BANK/NY CERTIFICATE OF DEPOSIT VARIABLE 06/APR/2026 USD 1000                       | CUSIP: 89115DZU3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $999973.00    | 0.05%             | 2026-04-06      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                             | Salesforce, Inc.                                                                                    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3988 | NS      | $1038515.08   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc.                                                        | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    118643 | NS      | $7417560.36   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co.                        | Lamar Advertising Co., Class A                                                                      | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     70787 | NS      | $8394630.33   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| H&R Block, Inc.                              | H&R Block, Inc.                                                                                     | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     49850 | NS      | $2479539.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Zoetis, Inc.                                 | Zoetis, Inc.                                                                                        | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     71784 | NS      | $10343356.56  | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| eBay, Inc.                                   | eBay, Inc.                                                                                          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    111664 | NS      | $9079399.84   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                 | Cintas Corp.                                                                                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31904 | NS      | $5847046.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                           | Best Buy Co., Inc.                                                                                  | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    138583 | NS      | $11383207.62  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO