# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-26-006229
**Filing Date:** 2026-3
**Character Count:** 49457
**Document Hash:** 796f102d774aeb21008636ba0ce25dcf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-006229.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0002071691-26-006229

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22555
- **FILM NUMBER:** 26788683

**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 ESG & Climate US Large Cap Core Index Fund (Series ID: S000073358)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000230177 | FlexShares ESG & Climate US Large Cap Core Index Fund | FEUS            |

## 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 ESG & Climate US Large Cap Core Index Fund

- **b. EDGAR series identifier (if any):** S000073358

- **c. LEI of Series:** 5493004QXUUF3W6KWD84

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $121400642.35

**Total Liabilities:** $16046.22

**Net Assets:** $121384596.13

**Cash Not Reported:** $783821.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230177 | 0.42%                | 0.38%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-116237.79              | $878190.54                                 |
| Month 2  | $13.85                   | $327648.42                                 |
| Month 3  | $-10873.38               | $369543.65                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Oracle Corp.                             | Oracle Corp.                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       975 | NS      | $160465.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.             | Cadence Design Systems, Inc.                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      2665 | NS      | $789799.40    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock, Inc.                          | BlackRock, Inc.                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1105 | NS      | $1236428.70   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                           | Alphabet, Inc., Class A                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     14560 | NS      | $4921280.00   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                            | Walmart, Inc.                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     17290 | NS      | $2059930.60   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                      | Valero Energy Corp.                           | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      3055 | NS      | $554268.65    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings, Inc.                    | PayPal Holdings, Inc.                         | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      8840 | NS      | $465779.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                   | Waste Management, Inc.                        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      3965 | NS      | $881181.60    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                             | NVIDIA Corp.                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     52520 | NS      | $10038147.60  | 8.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax, Inc.                            | Equifax, Inc.                                 | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      1235 | NS      | $248729.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                               | PG&E Corp.                                    | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     21450 | NS      | $330759.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                         | Amazon.com, Inc.                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     22425 | NS      | $5366302.50   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos., Inc.                      | Carlisle Cos., Inc.                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       390 | NS      | $132947.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                              | Jabil, Inc.                                   | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      1040 | NS      | $246677.60    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                              | Xylem, Inc.                                   | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      1365 | NS      | $188192.55    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                 | Bristol-Myers Squibb Co.                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      8905 | NS      | $490220.25    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                          | Eli Lilly & Co.                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       390 | NS      | $404488.50    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                           | Alphabet, Inc., Class C                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     12740 | NS      | $4312872.20   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                              | Intel Corp.                                   | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     32175 | NS      | $1495172.25   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.    | International Business Machines Corp.         | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      4680 | NS      | $1435356.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                              | Phillips 66                                   | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       195 | NS      | $27994.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                  | Republic Services, Inc.                       | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      2145 | NS      | $461368.05    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                              | Apple, Inc.                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     32630 | NS      | $8466832.40   | 6.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp.                            | Moody's Corp.                                 | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1560 | NS      | $804273.60    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.          | Automatic Data Processing, Inc.               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3965 | NS      | $978641.30    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                             | Fiserv, Inc.                                  | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      5395 | NS      | $343823.35    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                       | Devon Energy Corp.                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      6045 | NS      | $243069.45    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                     | NextEra Energy, Inc.                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      7280 | NS      | $639912.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                     | American Express Co.                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       195 | NS      | $68673.15     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                         | Kroger Co. (The)                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      6175 | NS      | $388098.75    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                     | Edison International                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      3770 | NS      | $234795.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                        | Johnson & Johnson                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      9360 | NS      | $2127060.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                        | Merck & Co., Inc.                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     14690 | NS      | $1619866.30   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                         | Mastercard, Inc., Class A                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3185 | NS      | $1716046.15   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                             | Pfizer, Inc.                                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     45955 | NS      | $1215050.20   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp.                    | Las Vegas Sands Corp.                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      3380 | NS      | $178227.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                              | Tesla, Inc.                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      7800 | NS      | $3357198.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Bills                           | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     59000 | PA      | $58450.37     | 0.05%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lululemon Athletica, Inc.                | Lululemon Athletica, Inc.                     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      1040 | NS      | $181480.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co.                   | Becton Dickinson & Co.                        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      1300 | NS      | $264524.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.           | Hewlett Packard Enterprise Co.                | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     12805 | NS      | $275563.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc       | Johnson Controls International plc            | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |      6500 | NS      | $775190.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc. (The)     | Hartford Insurance Group, Inc. (The)          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      2795 | NS      | $377492.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                   | Home Depot, Inc. (The)                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       780 | NS      | $292180.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina, Inc.                           | Illumina, Inc.                                | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      1560 | NS      | $225903.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                   | Trane Technologies plc                        | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      1495 | NS      | $628767.10    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co., Inc.           | American Water Works Co., Inc.                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      1885 | NS      | $243410.05    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar, Inc.                        | First Solar, Inc.                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       975 | NS      | $219882.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                | Church & Dwight Co., Inc.                     | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      2405 | NS      | $231481.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe, Inc.                              | Adobe, Inc.                                   | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3510 | NS      | $1029307.50   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International, Inc.               | Lennox International, Inc.                    | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |       325 | NS      | $160901.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                       | Ralph Lauren Corp.                            | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |       390 | NS      | $137829.90    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk, Inc.                           | Autodesk, Inc.                                | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      2080 | NS      | $525969.60    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp.                              | Sysco Corp.                                   | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      4745 | NS      | $397868.25    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                             | Ventas, Inc.                                  | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       325 | NS      | $25242.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Consolidated Edison, Inc.                | Consolidated Edison, Inc.                     | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      3510 | NS      | $374271.30    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners plc       | Coca-Cola Europacific Partners plc            | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |      2275 | NS      | $208617.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI, Inc.                               | MSCI, Inc.                                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       780 | NS      | $475191.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co. (The)               | Sherwin-Williams Co. (The)                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      2275 | NS      | $806806.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb, Inc.                             | Airbnb, Inc., Class A                         | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      4225 | NS      | $546588.25    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                    | Williams-Sonoma, Inc.                         | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      1235 | NS      | $252742.75    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| S&P Global, Inc.                         | S&P Global, Inc.                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2405 | NS      | $1269334.95   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co. (The)                         | Clorox Co. (The)                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      1170 | NS      | $131964.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                        | Eversource Energy                             | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      3575 | NS      | $247139.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                             | Nasdaq, Inc.                                  | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      4225 | NS      | $409360.25    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group, Inc.                       | Zillow Group, Inc., Class C                   | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |      1560 | NS      | $98326.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                           | Broadcom, Inc.                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      5395 | NS      | $1787363.50   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                      | Abbott Laboratories                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     10010 | NS      | $1094093.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                     | Meta Platforms, Inc., Class A                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5720 | NS      | $4098380.00   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                            | Medtronic plc                                 | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     11895 | NS      | $1224709.20   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                  | Agnico Eagle Mines Ltd.                       | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |       130 | NS      | $24765.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper, Inc.                   | Keurig Dr Pepper, Inc.                        | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     12480 | NS      | $342451.20    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                            | Comcast Corp., Class A                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     36270 | NS      | $1079032.50   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy, Inc.                            | GoDaddy, Inc., Class A                        | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      1430 | NS      | $143743.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                           | Fortinet, Inc.                                | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      6435 | NS      | $522908.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | S&P 500 Micro E-Mini Index                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        25 | NC      | $7389.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                        | Ulta Beauty, Inc.                             | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       455 | NS      | $294548.80    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                      | Expedia Group, Inc.                           | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1170 | NS      | $309862.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                      | Cisco Systems, Inc.                           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     19955 | NS      | $1562875.60   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                            | PepsiCo, Inc.                                 | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2470 | NS      | $379466.10    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.     | Cognizant Technology Solutions Corp., Class A | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      4875 | NS      | $400042.50    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                     | JPMorgan Chase & Co.                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8255 | NS      | $2525121.95   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                 | Berkshire Hathaway, Inc., Class B             | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1235 | NS      | $593454.55    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      3250 | NS      | $594100.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HP, Inc.                                 | HP, Inc.                                      | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      9035 | NS      | $175640.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                 | SLB Ltd.                                      | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     14690 | NS      | $710702.20    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                    | Colgate-Palmolive Co.                         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      7540 | NS      | $680786.60    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances, Inc. | International Flavors & Fragrances, Inc.      | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      2470 | NS      | $172430.70    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group (The)                        | Cigna Group (The)                             | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2600 | NS      | $712686.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                             | Target Corp.                                  | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      4420 | NS      | $466177.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co.                          | Halliburton Co.                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      8255 | NS      | $276707.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions, Inc.     | Broadridge Financial Solutions, Inc.          | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      1170 | NS      | $230618.70    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp.                     | Avery Dennison Corp.                          | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       780 | NS      | $144697.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                   | Verisk Analytics, Inc.                        | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1365 | NS      | $296832.90    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand, Inc.                     | Ingersoll Rand, Inc.                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      3835 | NS      | $330155.15    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                         | ServiceNow, Inc.                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      7150 | NS      | $836621.50    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp.                   | Norfolk Southern Corp.                        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2210 | NS      | $643640.40    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports, Inc.                        | Amer Sports, Inc.                             | CUSIP: N/A<br>LEI: 391200YCSWTRD1J21867       | Long             | EC               | CORP              | KY        |      1560 | NS      | $57142.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.              | AvalonBay Communities, Inc.                   | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      1365 | NS      | $242519.55    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments, Inc.                    | Global Payments, Inc.                         | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      2405 | NS      | $172534.70    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                            | MetLife, Inc.                                 | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      5525 | NS      | $435812.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos., Inc. (The)            | Estee Lauder Cos., Inc. (The), Class A        | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      2275 | NS      | $262262.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.             | Verizon Communications, Inc.                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      8905 | NS      | $396450.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The)               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1690 | NS      | $1580842.90   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                              | Amgen, Inc.                                   | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      3705 | NS      | $1266665.40   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                            | Paychex, Inc.                                 | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      3185 | NS      | $328469.05    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                          | Microsoft Corp.                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     15600 | NS      | $6712524.00   | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive, Inc.                  | Rivian Automotive, Inc., Class A              | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |      1365 | NS      | $20133.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                           | Prologis, Inc.                                | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      9035 | NS      | $1179609.60   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems, Inc.           | FactSet Research Systems, Inc.                | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       390 | NS      | $99200.40     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, Inc.                              | ONEOK, Inc.                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      6110 | NS      | $483850.90    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)      | Bank of New York Mellon Corp. (The)           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      6955 | NS      | $834043.60    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                     | Emerson Electric Co.                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      5525 | NS      | $811954.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                             | Ecolab, Inc.                                  | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      2535 | NS      | $714844.65    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                    | Elevance Health, Inc.                         | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      2210 | NS      | $764085.40    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                       | State Street Corp.                            | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      2795 | NS      | $365753.70    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.               | Occidental Petroleum Corp.                    | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      7150 | NS      | $324538.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                      | Union Pacific Corp.                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      5200 | NS      | $1222520.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                         | Baker Hughes Co.                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9685 | NS      | $542747.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                   | Booking Holdings, Inc.                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       237 | NS      | $1185436.08   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                             | NetApp, Inc.                                  | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      1950 | NS      | $187882.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                   | Sempra                                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |       260 | NS      | $22622.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                       | Tractor Supply Co.                            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      5135 | NS      | $261268.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                    | Gilead Sciences, Inc.                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1105 | NS      | $156854.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications, Inc.                | Zoom Communications, Inc., Class A            | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      2470 | NS      | $227487.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                               | Visa, Inc., Class A                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5980 | NS      | $1924543.40   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                    | Paycom Software, Inc.                         | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       520 | NS      | $70070.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                         | CVS Health Corp.                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     12480 | NS      | $930009.60    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies, Inc.                  | Dell Technologies, Inc., Class C              | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      2990 | NS      | $342175.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                         | Salesforce, Inc.                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      5525 | NS      | $1172902.25   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                            | Workday, Inc., Class A                        | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      2145 | NS      | $376726.35    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp.                                | CSX Corp.                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     18135 | NS      | $684777.60    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                            | Equinix, Inc.                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       975 | NS      | $800406.75    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                               | eBay, Inc.                                    | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      4550 | NS      | $415051.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                             | Cintas Corp.                                  | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3575 | NS      | $684219.25    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                       | Best Buy Co., Inc.                            | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      1950 | NS      | $126945.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO