# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-25-009645
**Filing Date:** 2025-12
**Character Count:** 95444
**Document Hash:** 2ec0b2a407f4af0c699841eee309f580
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009645.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009645

**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:** 251596531

**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 International Quality Dividend Index Fund (Series ID: S000038876)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000119640 | FlexShares International Quality Dividend Index Fund | IQDF            |

## 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 International Quality Dividend Index Fund

- **b. EDGAR series identifier (if any):** S000038876

- **c. LEI of Series:** 549300OJOGU0VHUBNE56

**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:** $879053271.76

**Total Liabilities:** $27978530.41

**Net Assets:** $851074741.35

**Cash Not Reported:** $7544090.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119640 | 3.23%                | 1.98%                | 1.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14057.68               | $21517434.58                               |
| Month 2  | $21863306.80             | $-10466139.36                              |
| Month 3  | $-7466.03                | $14295920.53                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $10340.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New Mexican Pesos                               | New Mexican Pesos                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |   2935978 | OU      | $158260.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1179.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                       | Partners Group Holding AG                          | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |      3093 | NS      | $3785192.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Orange SA                                       | Orange SA                                          | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    151410 | NS      | $2417768.93   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                         | National Bank of Canada                            | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |      3234 | NS      | $361679.91    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co. Ltd.                               | Mitsui & Co. Ltd.                                  | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |     69200 | NS      | $1707821.23   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Krone                                 | Norwegian Krone                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NO        |   1246667 | OU      | $123225.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Evonik Industries AG                            | Evonik Industries AG                               | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |    320166 | NS      | $5369352.23   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Largan Precision Co. Ltd.                       | Largan Precision Co. Ltd.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      4000 | NS      | $288214.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co. Ltd.                | COSCO SHIPPING Holdings Co. Ltd., Class H          | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | HK        |   3381000 | NS      | $5868311.42   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Canadian Natural Resources Ltd.                 | Canadian Natural Resources Ltd.                    | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    204330 | NS      | $6543401.56   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                    | Evolution AB                                       | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |     48510 | NS      | $3246094.50   | 0.38%             |  |  |  | Yes           |                  1 | On Loan: —       |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4900.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                     | Telenor ASA                                        | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |    122304 | NS      | $1820606.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipro PAO                                      | Unipro PAO                                         | CUSIP: N/A<br>LEI: 253400DR5QSH8MEGZZ11       | Long             | EC               | CORP              | RU        | 125500000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CF SECURED LLC                                  | Treasury Repurchase Agreement                      | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |   7340054 | PA      | $7340054.22   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk. PT                     | Astra International Tbk. PT                        | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |  16111200 | NS      | $5958140.71   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| South African Rand                              | South African Rand                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |   1571056 | OU      | $90642.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International, Inc.                       | Magna International, Inc.                          | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     45570 | NS      | $2154992.83   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| China Gas Holdings Ltd.                         | China Gas Holdings Ltd.                            | CUSIP: N/A<br>LEI: 254900KTSZLZ21VV8T33       | Long             | EC               | CORP              | HK        |   5821200 | NS      | $5984327.22   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co. Ltd.                          | Weichai Power Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | HK        |    882000 | NS      | $1821376.19   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Malaysian Ringgit                               | Malaysian Ringgit                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MY        |         7 | OU      | $1.60         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Subaru Corp.                                    | Subaru Corp.                                       | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     96800 | NS      | $2062863.26   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                     | Toronto-Dominion Bank (The)                        | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     89082 | NS      | $7321616.61   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-5004.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                                | Sony Group Corp.                                   | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     25200 | NS      | $708619.65    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek Microelectronics Corp.                  | Novatek Microelectronics Corp.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    340770 | NS      | $4356481.90   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Co. Ltd.                             | PetroChina Co. Ltd., Class H                       | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | HK        |   2466000 | NS      | $2544623.14   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong & China Gas Co. Ltd.                  | Hong Kong & China Gas Co. Ltd.                     | CUSIP: N/A<br>LEI: 254900P7BETXGC7YU827       | Long             | EC               | CORP              | HK        |   1955000 | NS      | $1818616.35   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd.                          | Julius Baer Group Ltd.                             | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |     26754 | NS      | $1806374.09   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chailease Holding Co. Ltd.                      | Chailease Holding Co. Ltd.                         | CUSIP: N/A<br>LEI: 529900L76E6T0JCM3J27       | Long             | EC               | CORP              | TW        |   1252651 | NS      | $4197100.06   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                       | Sanofi SA                                          | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      1470 | NS      | $148628.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Post Bank Co. Ltd.                        | Japan Post Bank Co. Ltd.                           | CUSIP: N/A<br>LEI: 5493006JVO6N2HC2XZ76       | Long             | EC               | CORP              | JP        |     20700 | NS      | $232187.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New China Life Insurance Co. Ltd.               | New China Life Insurance Co. Ltd., Class H         | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | HK        |    940800 | NS      | $5943398.27   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd.                                  | Fortescue Ltd.                                     | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    518028 | NS      | $7220014.47   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Sumitomo Corp.                                  | Sumitomo Corp.                                     | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     88200 | NS      | $2568337.28   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco plc                    | British American Tobacco plc                       | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |    136122 | NS      | $6982065.45   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV       | Grupo Aeroportuario del Sureste SAB de CV, Class B | CUSIP: N/A<br>LEI: 5299001W7JIDXCUOUC82       | Long             | EC               | CORP              | MX        |    171990 | NS      | $5210180.31   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd.                                  | FirstRand Ltd.                                     | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |    129948 | NS      | $616507.95    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB                                     | Swedbank AB, Class A                               | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |    240492 | NS      | $7321800.16   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd.                                    | Komatsu Ltd.                                       | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |    205800 | NS      | $6901189.83   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Budweiser Brewing Co. APAC Ltd.                 | Budweiser Brewing Co. APAC Ltd.                    | CUSIP: N/A<br>LEI: 549300YF1MR4GTF18132       | Long             | EC               | CORP              | HK        |   1352400 | NS      | $1371157.72   | 0.16%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Dai-ichi Life Holdings, Inc.                    | Dai-ichi Life Holdings, Inc.                       | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |    294000 | NS      | $2070624.13   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Danish Krone                                    | Danish Krone                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | DK        |    488307 | OU      | $75477.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Land Ltd.                       | China Resources Land Ltd.                          | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | HK        |    483000 | NS      | $1743776.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp.                               | Nitto Denko Corp.                                  | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |     98700 | NS      | $2469181.79   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Vodafone Group plc                              | Vodafone Group plc                                 | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   1972152 | NS      | $2387450.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| New Zealand Dollar                              | New Zealand Dollar                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NZ        |     83580 | OU      | $47861.81     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S                          | AP Moller - Maersk A/S, Class B                    | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |      2940 | NS      | $6069000.16   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Mercedes-Benz Group AG                          | Mercedes-Benz Group AG                             | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     49686 | NS      | $3223507.54   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Elisa OYJ                                       | Elisa OYJ                                          | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |      9114 | NS      | $402261.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC                  | Moscow Exchange MICEX-RTS PJSC                     | CUSIP: N/A<br>LEI: 253400M5M1222KPNWE87       | Long             | EC               | CORP              | RU        |    775590 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Barclays plc                                    | Barclays plc                                       | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    685902 | NS      | $3667771.43   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Bank Slaski SA                              | ING Bank Slaski SA                                 | CUSIP: N/A<br>LEI: 259400YLRTOBISHBVX41       | Long             | EC               | CORP              | PL        |     18816 | NS      | $1608793.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Jarir Marketing Co.                             | Jarir Marketing Co.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |    667674 | NS      | $2528157.75   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Krona                                   | Swedish Krona                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SE        |   1696329 | OU      | $178702.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuwaiti Dinar                                   | Kuwaiti Dinar                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KW        |      8309 | OU      | $27070.27     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka A/S                              | Komercni Banka A/S                                 | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |     33222 | NS      | $1703167.13   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                  | BNP Paribas SA                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |      7938 | NS      | $614406.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.     | Taiwan Semiconductor Manufacturing Co. Ltd.        | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    575133 | NS      | $28063481.99  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergreen Marine Corp. Taiwan Ltd.              | Evergreen Marine Corp. Taiwan Ltd.                 | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    947631 | NS      | $5964887.24   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bosideng International Holdings Ltd.            | Bosideng International Holdings Ltd.               | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | HK        |   9732000 | NS      | $5960258.36   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV                  | BE Semiconductor Industries NV                     | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |      2646 | NS      | $450772.35    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp.                                       | Kia Corp.                                          | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     16464 | NS      | $1385529.81   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamaha Motor Co. Ltd.                           | Yamaha Motor Co. Ltd.                              | CUSIP: N/A<br>LEI: 3538004LR5NXILJDHY88       | Long             | EC               | CORP              | JP        |    235200 | NS      | $1702301.13   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Catcher Technology Co. Ltd.                     | Catcher Technology Co. Ltd.                        | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |    938999 | NS      | $6063280.36   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                   | Industria de Diseno Textil SA                      | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     91140 | NS      | $5038782.45   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Lasertec Corp.                                  | Lasertec Corp.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2600 | NS      | $479478.11    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Sumitomo Mitsui Trust Group, Inc.               | Sumitomo Mitsui Trust Group, Inc.                  | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |     40500 | NS      | $1112300.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                | Deutsche Post AG                                   | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |    137298 | NS      | $6307080.20   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimano, Inc.                                   | Shimano, Inc.                                      | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |      1300 | NS      | $136746.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkish Lira                                    | Turkish Lira                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TR        |   5287688 | OU      | $125754.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri Persero Tbk. PT                    | Bank Mandiri Persero Tbk. PT                       | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   6438600 | NS      | $1827431.87   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                         | Eni SpA                                            | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    157584 | NS      | $2899949.78   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE             | LVMH Moet Hennessy Louis Vuitton SE                | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      3657 | NS      | $2583618.64   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-103.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                   | Severstal PAO                                      | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     58985 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $7620.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3811.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                          | CK Asset Holdings Ltd.                             | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |    882000 | NS      | $4362224.34   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                              | Koninklijke KPN NV                                 | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    829080 | NS      | $3844921.18   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Grid Corp. of India Ltd.                  | Power Grid Corp. of India Ltd.                     | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |    274008 | NS      | $889425.41    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                      | Bank Polska Kasa Opieki SA                         | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |    110838 | NS      | $5690585.12   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co. Ltd.                         | Daiichi Sankyo Co. Ltd.                            | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |    117600 | NS      | $2800781.54   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                | Powszechny Zaklad Ubezpieczen SA                   | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    357504 | NS      | $5722001.69   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatari Rial                                     | Qatari Rial                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | QA        |    217761 | OU      | $59808.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd.                             | Tokyo Electron Ltd.                                | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |     61400 | NS      | $13622745.12  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Telstra Group Ltd.                              | Telstra Group Ltd.                                 | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |    612696 | NS      | $1957375.01   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Leumi Le-Israel BM                         | Bank Leumi Le-Israel BM                            | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     82614 | NS      | $1683912.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Haidilao International Holding Ltd.             | Haidilao International Holding Ltd.                | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | HK        |   3440000 | NS      | $5665319.99   | 0.67%             |  |  |  | Yes           |                  1 | On Loan: —       |
| China Hongqiao Group Ltd.                       | China Hongqiao Group Ltd.                          | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | HK        |   2128000 | NS      | $8082468.28   | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| Amundi SA                                       | Amundi SA                                          | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |     81732 | NS      | $6065745.29   | 0.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BCE, Inc.                                       | BCE, Inc.                                          | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | US        |     86436 | NS      | $1975926.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                                    | Hitachi Ltd.                                       | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |    172200 | NS      | $5944367.92   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia (The)                       | Bank of Nova Scotia (The)                          | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     23520 | NS      | $1544163.58   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Enel SpA                                        | Enel SpA                                           | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |   1125432 | NS      | $11394596.55  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $35147.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                     | Realtek Semiconductor Corp.                        | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     93990 | NS      | $1574602.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                | Novo Nordisk A/S, Class B                          | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    313110 | NS      | $15291187.87  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands plc                             | Imperial Brands plc                                | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    169344 | NS      | $6730401.58   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                      | Alibaba Group Holding Ltd.                         | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | US        |     32046 | NS      | $5461599.78   | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Canadian National Railway Co.                   | Canadian National Railway Co.                      | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      1764 | NS      | $169318.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $37222.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Securities Group, Inc.                    | Daiwa Securities Group, Inc.                       | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |    247400 | NS      | $1910241.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Asset Management Ltd.                | Brookfield Asset Management Ltd., Class A          | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |     98490 | NS      | $5333073.76   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| China Shenhua Energy Co. Ltd.                   | China Shenhua Energy Co. Ltd., Class H             | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | HK        |   1253500 | NS      | $6525386.63   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Randstad NV                                     | Randstad NV                                        | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |     36162 | NS      | $1418680.75   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Grupo Energia Bogota SA ESP                     | Grupo Energia Bogota SA ESP                        | CUSIP: N/A<br>LEI: 529900LG618OWYVHI655       | Long             | EC               | CORP              | CO        |   8147916 | NS      | $6648172.67   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fast Retailing Co. Ltd.                         | Fast Retailing Co. Ltd.                            | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |       600 | NS      | $220674.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BP plc                                          | BP plc                                             | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   1090446 | NS      | $6336754.60   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Franc                                     | Swiss Franc                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CH        |     47954 | OU      | $59737.03     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixa Seguridade Participacoes SA               | Caixa Seguridade Participacoes SA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   2410800 | NS      | $6701703.02   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Renault SA                                      | Renault SA                                         | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |     48216 | NS      | $1875435.57   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Telia Co. AB                                    | Telia Co. AB                                       | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |    485394 | NS      | $1906293.21   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Sodexo SA                                       | Sodexo SA                                          | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |     16170 | NS      | $896590.41    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Chinese Renminbi (Yuan)                         | Chinese Renminbi (Yuan)                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CN        |     61613 | OU      | $8661.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk. PT           | Bank Rakyat Indonesia Persero Tbk. PT              | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  25754400 | NS      | $6163710.88   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Japanese Yen                                    | Japanese Yen                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |   6600930 | OU      | $42847.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group plc                              | Intertek Group plc                                 | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |     84378 | NS      | $5615060.79   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Tobacco, Inc.                             | Japan Tobacco, Inc.                                | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |     83200 | NS      | $2897458.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Gecina SA                                       | Gecina SA                                          | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |     17640 | NS      | $1640005.09   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Financial Services Software Ltd.         | Oracle Financial Services Software Ltd.            | CUSIP: N/A<br>LEI: 3358008SYNPKSPNMTJ57       | Long             | EC               | CORP              | IN        |      8820 | NS      | $846020.53    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                           | Tencent Holdings Ltd.                              | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | HK        |    122200 | NS      | $9889580.81   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                                 | Canadian Dollar                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |    434841 | OU      | $310346.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Electric Industries Ltd.               | Sumitomo Electric Industries Ltd.                  | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |     15600 | NS      | $572133.33    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                                 | Danske Bank A/S                                    | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |    162288 | NS      | $7257060.91   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd.                              | Nedbank Group Ltd.                                 | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |    134064 | NS      | $1826658.26   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                 | ASML Holding NV                                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      5429 | NS      | $5752953.97   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Lite-On Technology Corp.                        | Lite-On Technology Corp.                           | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |    414603 | NS      | $2420911.44   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S                          | AP Moller - Maersk A/S, Class A                    | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |        73 | NS      | $150749.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Seng Bank Ltd.                             | Hang Seng Bank Ltd.                                | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |    126500 | NS      | $2467435.22   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Orient Overseas International Ltd.              | Orient Overseas International Ltd.                 | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |    332500 | NS      | $5754001.44   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Canon, Inc.                                     | Canon, Inc.                                        | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |     79700 | NS      | $2293402.36   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| ITOCHU Corp.                                    | ITOCHU Corp.                                       | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     81300 | NS      | $4713188.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhou International Group Holdings Ltd.      | Shenzhou International Group Holdings Ltd.         | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | HK        |    147000 | NS      | $1269100.13   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kawasaki Kisen Kaisha Ltd.                      | Kawasaki Kisen Kaisha Ltd.                         | CUSIP: N/A<br>LEI: 353800FL04R73DS5P870       | Long             | EC               | CORP              | JP        |    117600 | NS      | $1689323.94   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Woodside Energy Group Ltd.                      | Woodside Energy Group Ltd.                         | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |    142002 | NS      | $2305447.91   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| BHP Group Ltd.                                  | BHP Group Ltd.                                     | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    677670 | NS      | $19276013.11  | 2.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Sumitomo Mitsui Financial Group, Inc.           | Sumitomo Mitsui Financial Group, Inc.              | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |    121200 | NS      | $3275165.36   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek, Inc.                                  | MediaTek, Inc.                                     | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    207236 | NS      | $8831175.30   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BK OF CANADA FINANCIAL INC             | Other Repurchase Agreement                         | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |   4000000 | PA      | $4000000.00   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                          | SAP SE                                             | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     16170 | NS      | $4189003.27   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Colombian Peso                                  | Colombian Peso                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CO        | 952726492 | OU      | $246781.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                | Hong Kong Dollar                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |   2860390 | OU      | $368028.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Israeli Shekel                                  | Israeli Shekel                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IL        |    160041 | OU      | $49179.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO                | Other Repurchase Agreement                         | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |   3763617 | PA      | $3763616.89   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                     | Canara Bank                                        | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    227850 | NS      | $351613.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                               | New Taiwan Dollar                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |  21420609 | OU      | $696809.11    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Philippines                                     | Philippines                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PH        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.            | Mitsubishi UFJ Financial Group, Inc.               | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    323400 | NS      | $4891253.12   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA                            | Banca Mediolanum SpA                               | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |    314286 | NS      | $6315458.37   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                 | Mitsubishi Chemical Group Corp.                    | CUSIP: N/A<br>LEI: 353800YNKX4RQUGAR072       | Long             | EC               | CORP              | JP        |    911400 | NS      | $4768943.17   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                            | Royal Bank of Canada                               | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     94374 | NS      | $13839364.65  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Czech Repub. Kronas                             | Czech Repub. Kronas                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CZ        |   1608574 | OU      | $76286.37     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp.                                | Mitsubishi Corp.                                   | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |    155700 | NS      | $3751636.75   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Yang Ming Marine Transport Corp.                | Yang Ming Marine Transport Corp.                   | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |   3043977 | NS      | $5693655.95   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings, Inc.                           | Nomura Holdings, Inc.                              | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |    294000 | NS      | $2103067.09   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever plc                                    | Unilever plc                                       | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      9996 | NS      | $602684.59    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Feng TAY Enterprise Co. Ltd.                    | Feng TAY Enterprise Co. Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     32123 | NS      | $127484.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| South Korea Won                                 | South Korea Won                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |  11447771 | OU      | $8034.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schroders plc                                   | Schroders plc                                      | CUSIP: N/A<br>LEI: 2138001YYBULX5SZ2H24       | Long             | EC               | CORP              | GB        |    322518 | NS      | $1607670.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Roche Holding AG                                | Roche Holding AG                                   | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     42336 | NS      | $13654052.20  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                      | Allianz SE (Registered)                            | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      1470 | NS      | $590781.89    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4842.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk. PT                      | Unilever Indonesia Tbk. PT                         | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |  25460400 | NS      | $3949959.83   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG                          | Dr Ing hc F Porsche AG (Preference)                | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EC               | CORP              | DE        |     17934 | NS      | $940788.77    | 0.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Aker BP ASA                                     | Aker BP ASA                                        | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |     75264 | NS      | $1955817.28   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp.                                      | KDDI Corp.                                         | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |     47400 | NS      | $757360.03    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SGS SA                                          | SGS SA (Registered)                                | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |     35868 | NS      | $4049029.16   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Dollar                               | Australian Dollar                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |    236954 | OU      | $155122.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                | Skandinaviska Enskilda Banken AB, Class A          | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |    374850 | NS      | $7163317.36   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ Group Holdings Ltd.                         | ANZ Group Holdings Ltd.                            | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |    120246 | NS      | $2885052.96   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                         | Sberbank of Russia PJSC                            | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |   1227390 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Indian Rupee                                    | Indian Rupee                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |   6345441 | OU      | $71480.81     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co. Ltd.                  | Chugai Pharmaceutical Co. Ltd.                     | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |     29400 | NS      | $1345237.74   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Yankuang Energy Group Co. Ltd.                  | Yankuang Energy Group Co. Ltd., Class H            | CUSIP: N/A<br>LEI: 3003005N7A6HYZ4Z0K39       | Long             | EC               | CORP              | HK        |   1420000 | NS      | $1949435.17   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Shell plc                                       | Shell plc                                          | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     66444 | NS      | $2485794.87   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Var Energi ASA                                  | Var Energi ASA                                     | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |    545370 | NS      | $1837135.66   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd.                  | Nomura Research Institute Ltd.                     | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               | CORP              | JP        |     88200 | NS      | $3452312.49   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                | Roche Holding AG                                   | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |       588 | NS      | $199088.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moroccan Dirham                                 | Moroccan Dirham                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MA        |       591 | OU      | $63.57        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marubeni Corp.                                  | Marubeni Corp.                                     | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |    112300 | NS      | $2770049.66   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Airlines Ltd.                         | Singapore Airlines Ltd.                            | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |   1117200 | NS      | $5691371.93   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                     | Tokio Marine Holdings, Inc.                        | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     14900 | NS      | $559227.55    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrefour SA                                    | Carrefour SA                                       | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    124068 | NS      | $1868750.68   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazilian Real                                  | Brazilian Real                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |    366789 | OU      | $68111.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Group Ltd.                                   | WH Group Ltd.                                      | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |   6174000 | NS      | $5925997.79   | 0.70%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hero MotoCorp Ltd.                              | Hero MotoCorp Ltd.                                 | CUSIP: N/A<br>LEI: 335800Q49FBMZJTRLK49       | Long             | EC               | CORP              | IN        |    111132 | NS      | $6940488.14   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                  | Takeda Pharmaceutical Co. Ltd.                     | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |    109100 | NS      | $2941107.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chilean Peso Currency                           | Chilean Peso Currency                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CL        |  68619344 | OU      | $72831.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                                   | Nemetschek SE                                      | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |     37044 | NS      | $4275618.48   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | MSCI EAFE E-Mini Index                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        74 | NC      | $80372.69     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hungarian Forint                                | Hungarian Forint                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Dollar                                | Singapore Dollar                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SG        |    104942 | OU      | $80635.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp.                        | Manulife Financial Corp.                           | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |    120540 | NS      | $3904871.43   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Petrol Rafinerileri A/S                 | Turkiye Petrol Rafinerileri A/S                    | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |    423360 | NS      | $1989546.08   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2258.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $14087.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk. PT                         | United Tractors Tbk. PT                            | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |   4174800 | NS      | $6752983.76   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma, Inc.                           | Astellas Pharma, Inc.                              | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |    192200 | NS      | $2013012.89   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $862.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                      | Siemens AG (Registered)                            | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      5880 | NS      | $1666473.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                                 | AstraZeneca plc                                    | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     21168 | NS      | $3468103.63   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Bank Polska SA                        | Santander Bank Polska SA                           | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |     41454 | NS      | $5473276.10   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp.                                      | ORIX Corp.                                         | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |    217000 | NS      | $5296290.29   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto plc                                   | Rio Tinto plc                                      | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     77028 | NS      | $5552009.62   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk. PT           | Bank Negara Indonesia Persero Tbk. PT              | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |   6350400 | NS      | $1672564.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                     | Equinor ASA                                        | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    128772 | NS      | $3080258.77   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                | TotalEnergies SE                                   | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     90846 | NS      | $5656897.75   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone OYJ                                        | Kone OYJ, Class B                                  | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |     99078 | NS      | $6623489.54   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                        | Engie SA                                           | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    123186 | NS      | $2886280.01   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                  | BB Seguridade Participacoes SA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1029000 | NS      | $6277011.78   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                                   | Telefonica SA                                      | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    400428 | NS      | $2027557.33   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Nestle SA                                       | Nestle SA (Registered)                             | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |    104076 | NS      | $9967440.52   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Admiral Group plc                               | Admiral Group plc                                  | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |     42630 | NS      | $1834868.78   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                                    | KBC Group NV                                       | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |     57330 | NS      | $6898252.32   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3699.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-39747.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                     | BOC Hong Kong Holdings Ltd.                        | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |   1433000 | NS      | $7039440.57   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene OYJ                                 | UPM-Kymmene OYJ                                    | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |     74970 | NS      | $2014427.11   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $13615.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Integrated Telecommunications Co. PJSC | Emirates Integrated Telecommunications Co. PJSC    | CUSIP: N/A<br>LEI: 254900USBXS6XN200K29       | Long             | EC               | CORP              | AE        |   2250864 | NS      | $5785038.23   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                                        | Tele2 AB, Class B                                  | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |    379260 | NS      | $6011026.28   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Russian Roubles                                 | Russian Roubles                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | RU        | 158453565 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | MSCI Emerging Markets E-Mini Index                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        74 | NC      | $226733.41    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay Pacific Airways Ltd.                     | Cathay Pacific Airways Ltd.                        | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |   4309000 | NS      | $6137339.49   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| GMK Norilskiy Nickel PAO                        | GMK Norilskiy Nickel PAO                           | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |   1631500 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sony Financial Group, Inc.                      | Sony Financial Group, Inc.                         | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |     25200 | NS      | $25420.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| China Feihe Ltd.                                | China Feihe Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |  10584000 | NS      | $5651372.84   | 0.66%             |  |  |  | Yes           |                  1 | On Loan: —       |
| CITIGROUP GLOBAL MARKETS INC                    | Treasury Repurchase Agreement                      | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  11779176 | PA      | $11779176.43  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                    | CaixaBank SA                                       | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    707070 | NS      | $7477109.98   | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| PTT Exploration & Production PCL                | PTT Exploration & Production PCL                   | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    852600 | NS      | $2821345.29   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                     | Novartis AG (Registered)                           | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |    130242 | NS      | $16106039.66  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| OPAP SA                                         | OPAP SA                                            | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |    272832 | NS      | $5652503.37   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $7951.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TELUS Corp.                                     | TELUS Corp.                                        | CUSIP: 87971M103<br>LEI: 894500WE70KKZRQMBU11 | Long             | EC               | CORP              | CA        |    112014 | NS      | $1639658.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bureau Veritas SA                               | Bureau Veritas SA                                  | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |    154350 | NS      | $5073733.93   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chow Tai Fook Jewellery Group Ltd.              | Chow Tai Fook Jewellery Group Ltd.                 | CUSIP: N/A<br>LEI: 254900VXRL7SRSF44G79       | Long             | EC               | CORP              | HK        |   3351600 | NS      | $6563309.23   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $48271.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Polish Zloty - New                              | Polish Zloty - New                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |   1371268 | OU      | $371617.42    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uab Dirham                                      | Uab Dirham                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AE        |     27644 | OU      | $7526.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum OYJ                                      | Fortum OYJ                                         | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |    346038 | NS      | $7724339.14   | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Kumba Iron Ore Ltd.                             | Kumba Iron Ore Ltd.                                | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |    367794 | NS      | $7326172.13   | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| FinecoBank Banca Fineco SpA                     | FinecoBank Banca Fineco SpA                        | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |    283122 | NS      | $6473500.16   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV              | Grupo Financiero Banorte SAB de CV, Class O        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    764400 | NS      | $7204557.04   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings plc                               | HSBC Holdings plc                                  | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   1115436 | NS      | $15584292.76  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Henderson Land Development Co. Ltd.             | Henderson Land Development Co. Ltd.                | CUSIP: N/A<br>LEI: 529900SYQB7IVR9QGN76       | Long             | EC               | CORP              | HK        |    512000 | NS      | $1797092.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| HCL Technologies Ltd.                           | HCL Technologies Ltd.                              | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |    314874 | NS      | $5467741.76   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co. Ltd.                     | Shin-Etsu Chemical Co. Ltd.                        | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |    139300 | NS      | $4209155.82   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                                 | Nordea Bank Abp                                    | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    476280 | NS      | $8144137.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                            | EURO                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |     97916 | OU      | $113014.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                    | Infosys Ltd.                                       | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     70854 | NS      | $1183118.23   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| British Pound                                   | British Pound                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |    153727 | OU      | $201974.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Isuzu Motors Ltd.                               | Isuzu Motors Ltd.                                  | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    136800 | NS      | $1682749.67   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                 | Grupo Cibest SA (Preference)                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CO        |    148470 | NS      | $2165171.48   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Coal India Ltd.                                 | Coal India Ltd.                                    | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |     78498 | NS      | $343672.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera, Inc.                                     | Emera, Inc.                                        | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     43512 | NS      | $2070713.46   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Bouygues SA                                     | Bouygues SA                                        | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |     42336 | NS      | $1912056.59   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| H & M Hennes & Mauritz AB                       | H & M Hennes & Mauritz AB, Class B                 | CUSIP: N/A<br>LEI: 529900O5RR7R39FRDM42       | Long             | EC               | CORP              | SE        |    120246 | NS      | $2283945.62   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Indonesian Rupiah                               | Indonesian Rupiah                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ID        |        14 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                    | DNB Bank ASA                                       | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |    114366 | NS      | $2919925.25   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Ryal                              | Saudi Arabian Ryal                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SA        |    125652 | OU      | $33505.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                    | Samsung Electronics Co. Ltd.                       | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     51156 | NS      | $3859814.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva plc                                       | Aviva plc                                          | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |    146706 | NS      | $1288724.35   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Energy Ltd.                              | Origin Energy Ltd.                                 | CUSIP: N/A<br>LEI: ZSN2LWNPYW6ISMRUC664       | Long             | EC               | CORP              | AU        |    251370 | NS      | $2015852.29   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-5697.12     | -0.00%            |  |  |  | No            |                  2 | 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