# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-25-002082
**Filing Date:** 2025-9
**Character Count:** 58536
**Document Hash:** 89cb90c81ea2a6d29aa65870aec5e528
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-002082.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-002082

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**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:** 251342668

**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 Global Quality Real Estate Index Fund (Series ID: S000043008)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000133169 | FlexShares Global Quality Real Estate Index Fund | GQRE            |

## 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 Global Quality Real Estate Index Fund

- **b. EDGAR series identifier (if any):** S000043008

- **c. LEI of Series:** 549300SU9J4P6OO1QE18

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $405761900.69

**Total Liabilities:** $31881777.99

**Net Assets:** $373880122.70

**Cash Not Reported:** $6009417.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133169 | 2.57%                | 1.52%                | -1.34%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1188330.15              | $7647663.48                                |
| Month 2  | $3222967.95              | $318359.32                                 |
| Month 3  | $1808827.26              | $-7489356.92                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Carmila SA                                        | Carmila SA                                        | CUSIP: N/A<br>LEI: 222100P6D3QKU33LZQ72       | Long             | EC               | CORP              | FR        |     44958 | NS      | $888142.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust, Inc.                       | American Assets Trust, Inc.                       | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41783 | NS      | $795130.49    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                      | Apple Hospitality REIT, Inc.                      | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    117856 | NS      | $1384808.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Broadstone Net Lease, Inc.                        | Broadstone Net Lease, Inc.                        | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     96901 | NS      | $1573672.24   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| First Capital REIT                                | First Capital REIT                                | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               | CORP              | CA        |     77470 | NS      | $1041674.66   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors, Inc.                    | Sunstone Hotel Investors, Inc.                    | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     98552 | NS      | $862330.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts, Inc.                      | Xenia Hotels & Resorts, Inc.                      | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     67310 | NS      | $855510.10    | 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      | $1860.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EPR Properties                                    | EPR Properties                                    | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     39116 | NS      | $2152944.64   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $137.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Katitas Co. Ltd.                                  | Katitas Co. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     61900 | NS      | $1047604.90   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Mapletree Pan Asia Commercial Trust               | Mapletree Pan Asia Commercial Trust               | CUSIP: N/A<br>LEI: 549300BF18K4IC5LZ208       | Long             | EC               | CORP              | SG        |   1244600 | NS      | $1237548.85   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite REIT                                      | Granite REIT                                      | CUSIP: 387437205<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               | CORP              | CA        |     20701 | NS      | $1094380.74   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel DC REIT                                    | Keppel DC REIT                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    975400 | NS      | $1781861.49   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Group Ltd.                              | Hang Lung Group Ltd.                              | CUSIP: N/A<br>LEI: 529900V2T2EPOQYH0981       | Long             | EC               | CORP              | HK        |    674000 | NS      | $1220927.39   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu Fudosan Holdings Corp.                      | Tokyu Fudosan Holdings Corp.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    299100 | NS      | $2128549.79   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | SPI 200 Index                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | AU        |        17 | NC      | $44364.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Killam Apartment REIT                             | Killam Apartment REIT                             | CUSIP: 49410M102<br>LEI: 2549001RZSL75H60JE41 | Long             | EC               | CORP              | CA        |     66802 | NS      | $885185.09    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| InvenTrust Properties Corp.                       | InvenTrust Properties Corp.                       | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     39624 | NS      | $1092433.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Charter Hall Group                                | Charter Hall Group                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    241554 | NS      | $3141595.77   | 0.84%             |  |  |  | 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      | $-168.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Daito Trust Construction Co. Ltd.                 | Daito Trust Construction Co. Ltd.                 | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               | CORP              | JP        |     30500 | NS      | $3145353.67   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co. Ltd.                                | Sino Land Co. Ltd.                                | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |   2080954 | NS      | $2399061.62   | 0.64%             |  |  |  | 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      | $-1911.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kimco Realty Corp.                                | Kimco Realty Corp.                                | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |    344805 | NS      | $7320210.15   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Zug Estates Holding AG                            | Zug Estates Holding AG, Class B                   | CUSIP: N/A<br>LEI: 506700683S928H292L02       | Long             | EC               | CORP              | CH        |        60 | NS      | $158118.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartCentres REIT                                 | SmartCentres REIT                                 | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               | CORP              | CA        |     51943 | NS      | $954288.96    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Mega Or Holdings Ltd.                             | Mega Or Holdings Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     24511 | NS      | $1154529.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group plc (The)                             | UNITE Group plc (The)                             | CUSIP: N/A<br>LEI: 213800BBUUWVDH9YI827       | Long             | EC               | CORP              | GB        |    119253 | NS      | $1181233.74   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Properties Ltd.                             | Kerry Properties Ltd.                             | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | HK        |    403000 | NS      | $1078089.17   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Sun Hung Kai Properties Ltd.                      | Sun Hung Kai Properties Ltd.                      | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |    747500 | NS      | $8903343.95   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Ascott Trust                           | CapitaLand Ascott Trust                           | CUSIP: N/A<br>LEI: 549300W6RTG7Y32IWY65       | Long             | EC               | CORP              | SG        |   1574800 | NS      | $1086403.82   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Shurgard Self Storage Ltd.                        | Shurgard Self Storage Ltd.                        | CUSIP: N/A<br>LEI: 549300J0UEIKU81XO336       | Long             | EC               | CORP              | BE        |     24765 | NS      | $987815.61    | 0.26%             |  |  |  | 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      | $12412.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group, Inc.                        | Simon Property Group, Inc.                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    114681 | NS      | $18783600.99  | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                               | Realty Income Corp.                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     19431 | NS      | $1090662.03   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| AIMS APAC REIT                                    | AIMS APAC REIT                                    | CUSIP: N/A<br>LEI: 549300MGNQOBQ3KVN734       | Long             | EC               | CORP              | SG        |     88900 | NS      | $95248.78     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| City Developments Ltd.                            | City Developments Ltd.                            | CUSIP: N/A<br>LEI: 254900BPLPJS0RJ72373       | Long             | EC               | CORP              | SG        |    265500 | NS      | $1260631.29   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Azrieli Group Ltd.                                | Azrieli Group Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     12827 | NS      | $1268483.91   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| CK Asset Holdings Ltd.                            | CK Asset Holdings Ltd.                            | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |    998500 | NS      | $4585468.15   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON REIT Investment Corp.                      | NIPPON REIT Investment Corp.                      | CUSIP: N/A<br>LEI: 3538004O49OJ90PEXX85       | Long             | EC               | CORP              | JP        |      1559 | NS      | $979975.41    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BWP Property Group Ltd.                           | BWP Property Group Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    414909 | NS      | $956358.19    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                        | Highwoods Properties, Inc.                        | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     54102 | NS      | $1569499.02   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| LondonMetric Property plc                         | LondonMetric Property plc                         | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |   1179957 | NS      | $2982457.54   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Safestore Holdings plc                            | Safestore Holdings plc                            | CUSIP: N/A<br>LEI: 213800WGA3YSJC1YOH73       | Long             | EC               | CORP              | GB        |    122428 | NS      | $1091171.66   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1070.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                     | Equinix, Inc.                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     13335 | NS      | $10470241.95  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Waypoint REIT Ltd.                                | Waypoint REIT Ltd.                                | CUSIP: N/A<br>LEI: 5493003CS5K82RREKA54       | Long             | EC               | CORP              | AU        |    564515 | NS      | $915926.72    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland India Trust                            | Capitaland India Trust                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |   1117600 | NS      | $1025123.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HMC Capital Ltd.                                  | HMC Capital Ltd.                                  | CUSIP: N/A<br>LEI: 9845005E59E4DCFA1C33       | Long             | EC               | CORP              | AU        |    138176 | NS      | $319382.98    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| SITE Centers Corp.                                | SITE Centers Corp.                                | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     57277 | NS      | $616873.29    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Welltower, Inc.                                   | Welltower, Inc.                                   | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     57658 | NS      | $9517606.06   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust, Inc.                    | Medical Properties Trust, Inc.                    | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    294640 | NS      | $1213916.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Reit 1 Ltd.                                       | Reit 1 Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    160401 | NS      | $1054809.38   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                            | CTP NV                                            | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        |     65659 | NS      | $1400796.16   | 0.37%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Digital Realty Trust, Inc.                        | Digital Realty Trust, Inc.                        | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     33782 | NS      | $5960496.08   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                    | Public Storage                                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      7366 | NS      | $2003110.04   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group plc                              | Big Yellow Group plc                              | CUSIP: N/A<br>LEI: 213800W7Q4V2ZI8LIW31       | Long             | EC               | CORP              | GB        |     95504 | NS      | $1182965.64   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc.       | HA Sustainable Infrastructure Capital, Inc.       | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     58674 | NS      | $1523763.78   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Vornado Realty Trust                              | Vornado Realty Trust                              | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83058 | NS      | $3191088.36   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Olav Thon Eiendomsselskap ASA                     | Olav Thon Eiendomsselskap ASA                     | CUSIP: N/A<br>LEI: 5967007LIEEXZXGOW838       | Long             | EC               | CORP              | NO        |      3556 | NS      | $101911.41    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                                    | Treasury Repurchase Agreement                     | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |  13633533 | PA      | $13633532.95  | 3.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Allreal Holding AG                                | Allreal Holding AG (Registered)                   | CUSIP: N/A<br>LEI: 5067006XH174LA44H658       | Long             | EC               | CORP              | CH        |      7747 | NS      | $1755369.74   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Excellent, Inc.                             | Japan Excellent, Inc.                             | CUSIP: N/A<br>LEI: 35380015J62221TE0D86       | Long             | EC               | CORP              | JP        |      1039 | NS      | $966543.74    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-17565.53    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BK OF CANADA FINANCIAL INC               | Other Repurchase Agreement                        | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |   2000000 | PA      | $2000000.00   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | S&P Midcap 400 E-Mini Index                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        12 | NC      | $117408.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CT REIT                                           | CT REIT                                           | CUSIP: 126462100<br>LEI: 549300QXEHJXT6D53X16 | Long             | EC               | CORP              | CA        |     75184 | NS      | $838549.98    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| THE BANK OF NOVA SCOTIA, TORONTO                  | Other Repurchase Agreement                        | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |   8000000 | PA      | $8000000.00   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| National Health Investors, Inc.                   | National Health Investors, Inc.                   | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     23495 | NS      | $1641360.70   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| VICI Properties, Inc.                             | VICI Properties, Inc., Class A                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    526669 | NS      | $17169409.40  | 4.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Tokyu REIT, Inc.                                  | Tokyu REIT, Inc.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       728 | NS      | $952478.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Healthpeak Properties, Inc.                       | Healthpeak Properties, Inc.                       | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    357759 | NS      | $6060437.46   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius Real Estate Ltd.                           | Sirius Real Estate Ltd.                           | CUSIP: N/A<br>LEI: 213800NURUF5W8QSK566       | Long             | EC               | CORP              | GB        |    839470 | NS      | $1156460.04   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Big Shopping Centers Ltd.                         | Big Shopping Centers Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      8255 | NS      | $1582090.73   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties, Inc.                              | LTC Properties, Inc.                              | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     28448 | NS      | $968369.92    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| First Industrial Realty Trust, Inc.               | First Industrial Realty Trust, Inc.               | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68326 | NS      | $3328842.72   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                       | AvalonBay Communities, Inc.                       | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     73533 | NS      | $13697727.24  | 3.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Essential Properties Realty Trust, Inc.           | Essential Properties Realty Trust, Inc.           | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     90805 | NS      | $2768644.45   | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Eurocommercial Properties NV                      | Eurocommercial Properties NV                      | CUSIP: N/A<br>LEI: 724500SFK53FPNM68L95       | Long             | EC               | CORP              | NL        |     34686 | NS      | $1065941.28   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                         | Stockland                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    161798 | NS      | $578163.71    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Suntec REIT                                       | Suntec REIT                                       | CUSIP: N/A<br>LEI: 549300C46QFXSI2F4K13       | Long             | EC               | CORP              | SG        |    622300 | NS      | $556417.31    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Boardwalk REIT                                    | Boardwalk REIT                                    | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               | CORP              | CA        |     19558 | NS      | $1010754.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VGP NV                                            | VGP NV                                            | CUSIP: N/A<br>LEI: 315700NENYPIXFR94T49       | Long             | EC               | CORP              | BE        |      8890 | NS      | $942209.58    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Innovative Industrial Properties, Inc.            | Innovative Industrial Properties, Inc.            | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     14732 | NS      | $761644.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp.                               | Kilroy Realty Corp.                               | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     57912 | NS      | $2134636.32   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Camden Property Trust                             | Camden Property Trust                             | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     54483 | NS      | $5949543.60   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL Group Ltd.                                    | UOL Group Ltd.                                    | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |    245600 | NS      | $1302445.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Properties Ltd.                         | Hang Lung Properties Ltd.                         | CUSIP: N/A<br>LEI: 529900CIVTNMXQT59E61       | Long             | EC               | CORP              | HK        |    555000 | NS      | $571261.15    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Co. plc (The)                        | British Land Co. plc (The)                        | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |    513080 | NS      | $2373729.53   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield                         | Unibail-Rodamco-Westfield                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |     61849 | NS      | $6034077.63   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                      | Sabra Health Care REIT, Inc.                      | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    122301 | NS      | $2205087.03   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                    | Prologis, Inc.                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     92583 | NS      | $9886012.74   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mivne Real Estate KD Ltd.                         | Mivne Real Estate KD Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    337185 | NS      | $1276146.73   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, Inc.                                    | NNN REIT, Inc.                                    | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     97028 | NS      | $4003375.28   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage REIT                             | National Storage REIT                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    714502 | NS      | $1104077.07   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| American Homes 4 Rent                             | American Homes 4 Rent, Class A                    | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    171577 | NS      | $5952006.13   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                             | Regency Centers Corp.                             | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     89154 | NS      | $6365595.60   | 1.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Equity Residential                                | Equity Residential                                | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    176403 | NS      | $11148669.60  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC                      | Treasury Repurchase Agreement                     | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |   4000000 | PA      | $4000000.00   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WP Carey, Inc.                                    | WP Carey, Inc.                                    | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |    113157 | NS      | $7260153.12   | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Mori Trust Reit, Inc.                             | Mori Trust REIT, Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2032 | NS      | $992405.06    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Aroundtown SA                                     | Aroundtown SA                                     | CUSIP: N/A<br>LEI: 529900H4DWG3KWMBMQ39       | Long             | EC               | CORP              | DE        |    396748 | NS      | $1440398.62   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | EURO STOXX 50 Index                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        11 | NC      | $4053.38      | 0.00%             |  |  |  | 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      | $654.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RioCan REIT                                       | RioCan REIT                                       | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               | CORP              | CA        |     83947 | NS      | $1071689.67   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1857.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Rayonier, Inc.                                    | Rayonier, Inc.                                    | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     73152 | NS      | $1705173.12   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Properties Ltd.                             | Swire Properties Ltd.                             | CUSIP: N/A<br>LEI: 5299001L12PHYVQ92465       | Long             | EC               | CORP              | HK        |    589400 | NS      | $1584247.13   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger, Inc.                                      | Tanger, Inc.                                      | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     57150 | NS      | $1715643.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Tokyo Tatemono Co. Ltd.                           | Tokyo Tatemono Co. Ltd.                           | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |     96000 | NS      | $1622804.74   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3885.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Four Corners Property Trust, Inc.                 | Four Corners Property Trust, Inc.                 | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     50165 | NS      | $1266164.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Intershop Holding AG                              | Intershop Holding AG                              | CUSIP: N/A<br>LEI: 506700CGX4K77JX3R725       | Long             | EC               | CORP              | CH        |       987 | NS      | $183045.63    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts, Inc.                       | Park Hotels & Resorts, Inc.                       | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    105410 | NS      | $1123670.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TD PRIME SERVICES LLC                             | Other Repurchase Agreement                        | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |   4000000 | PA      | $4000000.00   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co. Ltd.            | Sumitomo Realty & Development Co. Ltd.            | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        |    160800 | NS      | $5921483.11   | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Mid-America Apartment Communities, Inc.           | Mid-America Apartment Communities, Inc.           | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     60452 | NS      | $8610178.36   | 2.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Starhill Global REIT                              | Starhill Global REIT                              | CUSIP: N/A<br>LEI: 549300GCJNC7HDN3YK51       | Long             | EC               | CORP              | SG        |    241300 | NS      | $100437.04    | 0.03%             |  |  |  | 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      | $150.44       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shaftesbury Capital plc                           | Shaftesbury Capital plc                           | CUSIP: N/A<br>LEI: 549300TTXXZ1SHUI0D54       | Long             | EC               | CORP              | GB        |    748284 | NS      | $1566562.26   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, Inc.                                         | UDR, Inc.                                         | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    160655 | NS      | $6312134.95   | 1.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Acadia Realty Trust                               | Acadia Realty Trust                               | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     61468 | NS      | $1150680.96   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Tritax Big Box REIT plc                           | Tritax Big Box REIT plc                           | CUSIP: N/A<br>LEI: 213800L6X88MIYPVR714       | Long             | EC               | CORP              | GB        |   1157224 | NS      | $2163885.69   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KDX Realty Investment Corp.                       | KDX Realty Investment Corp.                       | CUSIP: N/A<br>LEI: 353800FFT483NCIHFY42       | Long             | EC               | CORP              | JP        |      2103 | NS      | $2270756.50   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobimo Holding AG                                 | Mobimo Holding AG (Registered)                    | CUSIP: N/A<br>LEI: 50670018HN8O1GD3O385       | Long             | EC               | CORP              | CH        |      3683 | NS      | $1444536.05   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PSP Swiss Property AG                             | PSP Swiss Property AG (Registered)                | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |     23368 | NS      | $3974041.99   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmobiliaria Colonial Socimi SA                   | Inmobiliaria Colonial Socimi SA                   | CUSIP: N/A<br>LEI: 95980020140005007414       | Long             | EC               | CORP              | ES        |    160655 | NS      | $1071087.49   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties, Inc.                          | Cousins Properties, Inc.                          | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     86614 | NS      | $2347239.40   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings, Inc.                      | Howard Hughes Holdings, Inc.                      | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     16764 | NS      | $1152189.72   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                              | American Tower Corp.                              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    123825 | NS      | $25803891.75  | 6.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Estates NV                                 | Retail Estates NV                                 | CUSIP: N/A<br>LEI: 5493007CO5W5OBFG7L21       | Long             | EC               | CORP              | BE        |      1994 | NS      | $148801.57    | 0.04%             |  |  |  | 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      | $794.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alexander & Baldwin, Inc.                         | Alexander & Baldwin, Inc.                         | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54610 | NS      | $981887.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Montea NV                                         | Montea NV                                         | CUSIP: N/A<br>LEI: 5493006K5LQDD0GK1T60       | Long             | EC               | CORP              | BE        |     11994 | NS      | $899166.49    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                                | Agree Realty Corp.                                | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53467 | NS      | $3833583.90   | 1.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Ichigo, Inc.                                      | Ichigo, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    317500 | NS      | $850210.97    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Amot Investments Ltd.                             | Amot Investments Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    168910 | NS      | $1158063.61   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.                   | Independence Realty Trust, Inc.                   | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    116332 | NS      | $1950887.64   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Getty Realty Corp.                                | Getty Realty Corp.                                | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     34671 | NS      | $963507.09    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-7295.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Covivio SA                                        | Covivio SA                                        | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |      6223 | NS      | $405628.35    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicinity Ltd.                                     | Vicinity Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1984502 | NS      | $3155972.38   | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                               | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2098.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Parkway Life REIT                                 | Parkway Life REIT                                 | CUSIP: N/A<br>LEI: 549300I4DKVD2OF5LW91       | Long             | EC               | CORP              | SG        |    304800 | NS      | $946810.04    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Logistics REIT Investment Corp. | Mitsubishi Estate Logistics REIT Investment Corp. | CUSIP: N/A<br>LEI: 353800YYSGZU31ICQK38       | Long             | EC               | CORP              | JP        |      1166 | NS      | $932830.99    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| International Workplace Group plc                 | International Workplace Group plc                 | CUSIP: N/A<br>LEI: 2138003LWDII27UTAG52       | Long             | EC               | CORP              | GB        |    426847 | NS      | $1250617.71   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Properties REIT                            | Choice Properties REIT                            | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               | CORP              | CA        |     96774 | NS      | $993253.81    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Hulic Co. Ltd.                                    | Hulic Co. Ltd.                                    | CUSIP: N/A<br>LEI: 3538002E12E7IHAKTB10       | Long             | EC               | CORP              | JP        |    107400 | NS      | $1031573.81   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Melisron Ltd.                                     | Melisron Ltd.                                     | CUSIP: N/A<br>LEI: 213800B9SL62L9VLO604       | Long             | EC               | CORP              | IL        |     13462 | NS      | $1558649.30   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Holdings, Inc.                 | Nomura Real Estate Holdings, Inc.                 | CUSIP: N/A<br>LEI: 353800UZ91CT24OL9P59       | Long             | EC               | CORP              | JP        |    282800 | NS      | $1579974.35   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle, Inc.                                | Crown Castle, Inc.                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      2667 | NS      | $280275.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                                 | RLJ Lodging Trust                                 | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101727 | NS      | $752779.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| CareTrust REIT, Inc.                              | CareTrust REIT, Inc.                              | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     96901 | NS      | $3081451.80   | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Airport City Ltd.                                 | Airport City Ltd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     52705 | NS      | $944545.19    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Fukuoka REIT Corp.                                | Fukuoka REIT Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       804 | NS      | $965900.53    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Klepierre SA                                      | Klepierre SA                                      | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |    111252 | NS      | $4273311.48   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust            | CapitaLand Integrated Commercial Trust            | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |   3059300 | NS      | $5187852.16   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO