# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0001752724-25-152758
**Filing Date:** 2025-6
**Character Count:** 71601
**Document Hash:** ea39322b39c2f3fa7f8c13549746e103
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-152758.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-152758

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**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:** 251067552

**BUSINESS ADDRESS:**
- **STREET 1:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (855) 353-9383

**MAIL ADDRESS:**
- **STREET 1:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FlexShares Trust
- **DATE OF NAME CHANGE:** 20110414

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NT ETF Trust
- **DATE OF NAME CHANGE:** 20100513

## Series and Classes Contracts Data

### FlexShares International Quality Dividend Dynamic Index Fund (Series ID: S000038877)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000119641 | FlexShares International Quality Dividend Dynamic Index Fund | IQDY            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FlexShares Trust

- **b. Investment Company Act file number:** 811-22555

- **c. CIK number of Registrant:** 0001491978

- **d. LEI of Registrant:** 5493007FU2RQX77I4604

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 855-353-9383

**Item A.2. Information about the Series.**

- **a. Name of Series:** FlexShares International Quality Dividend Dynamic Index Fund

- **b. EDGAR series identifier (if any):** S000038877

- **c. LEI of Series:** 5493000GSXOMJAI1QP66

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $69249329.24

**Total Liabilities:** $3220119.54

**Net Assets:** $66029209.70

**Cash Not Reported:** $745620.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119641 | -0.00%               | 1.35%                | 3.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-67459.05               | $-64837.39                                 |
| Month 2  | $183037.08               | $181569.10                                 |
| Month 3  | $10703.46                | $1689701.62                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Partners Group Holding AG                   | Partners Group Holding AG                          | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |       360 | NS      | $471165.20    | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                         | Forward Foreign Currency Contract                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1269.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                                   | Orange SA                                          | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     15664 | NS      | $227650.37    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                     | National Bank of Canada                            | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |      2310 | NS      | $202486.64    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitsui & Co. Ltd.                           | Mitsui & Co. Ltd.                                  | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |      4400 | NS      | $89394.28     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nien Made Enterprise Co. Ltd.               | Nien Made Enterprise Co. Ltd.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     34000 | NS      | $415658.32    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Evonik Industries AG                        | Evonik Industries AG                               | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |      7172 | NS      | $161017.23    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Computer, Inc.                       | Quanta Computer, Inc.                              | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |     66000 | NS      | $492167.71    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co. Ltd.            | COSCO SHIPPING Holdings Co. Ltd., Class H          | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | HK        |     88000 | NS      | $132771.09    | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Open Text Corp.                             | Open Text Corp.                                    | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |      3916 | NS      | $105802.59    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd.             | Canadian Natural Resources Ltd.                    | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     25674 | NS      | $735295.33    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                | Evolution AB                                       | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |      2244 | NS      | $156860.60    | 0.24%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Telenor ASA                                 | Telenor ASA                                        | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |     39402 | NS      | $593502.61    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co. Ltd.               | Daiwa House Industry Co. Ltd.                      | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |      2200 | NS      | $79507.85     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                 | Astra International Tbk. PT                        | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |    481800 | NS      | $139315.66    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                     | Vale SA                                            | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |     57200 | NS      | $534071.43    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International, Inc.                   | Magna International, Inc.                          | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      3234 | NS      | $112146.96    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| China Gas Holdings Ltd.                     | China Gas Holdings Ltd.                            | CUSIP: N/A<br>LEI: 254900KTSZLZ21VV8T33       | Long             | EC               | CORP              | HK        |    545600 | NS      | $493908.47    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| eMemory Technology, Inc.                    | eMemory Technology, Inc.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2400 | NS      | $192477.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co. Ltd.                      | Weichai Power Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | HK        |    160000 | NS      | $313616.26    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                                | ING Groep NV                                       | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     19360 | NS      | $374435.26    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek Microelectronics Corp.              | Novatek Microelectronics Corp.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     30500 | NS      | $494934.81    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinotrans Ltd.                              | Sinotrans Ltd., Class H                            | CUSIP: N/A<br>LEI: 5299005U1RZLKVFWR249       | Long             | EC               | CORP              | HK        |    990000 | NS      | $430229.41    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong & China Gas Co. Ltd.              | Hong Kong & China Gas Co. Ltd.                     | CUSIP: N/A<br>LEI: 254900P7BETXGC7YU827       | Long             | EC               | CORP              | HK        |    242000 | NS      | $218136.10    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd.                      | Julius Baer Group Ltd.                             | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |      2442 | NS      | $158213.67    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd.                              | Fortescue Ltd.                                     | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     42130 | NS      | $436431.90    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                     | GSK plc                                            | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     15488 | NS      | $306896.42    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                                 | Brenntag SE                                        | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |      1254 | NS      | $83504.88     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco plc                | British American Tobacco plc                       | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     11990 | NS      | $520168.60    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd.                              | FirstRand Ltd.                                     | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |    110352 | NS      | $430762.02    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB                                 | Swedbank AB, Class A                               | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     21912 | NS      | $545022.63    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co. Ltd.                   | Recruit Holdings Co. Ltd.                          | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     10400 | NS      | $579057.77    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Budweiser Brewing Co. APAC Ltd.             | Budweiser Brewing Co. APAC Ltd.                    | CUSIP: N/A<br>LEI: 549300YF1MR4GTF18132       | Long             | EC               | CORP              | HK        |    475200 | NS      | $503713.10    | 0.76%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Vodafone Group plc                          | Vodafone Group plc                                 | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |    206910 | NS      | $202468.44    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                      | Mercedes-Benz Group AG                             | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |      3982 | NS      | $237507.48    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TD PRIME SERVICES LLC                       | Other Repurchase Agreement                         | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |    200000 | PA      | $200000.00    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                | Barclays plc                                       | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |     88286 | NS      | $349997.28    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Bank Slaski SA                          | ING Bank Slaski SA                                 | CUSIP: N/A<br>LEI: 259400YLRTOBISHBVX41       | Long             | EC               | CORP              | PL        |      6314 | NS      | $549561.49    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Jarir Marketing Co.                         | Jarir Marketing Co.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     80058 | NS      | $269357.21    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka A/S                          | Komercni Banka A/S                                 | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |      3234 | NS      | $156969.18    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                              | BNP Paribas SA                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |      6160 | NS      | $520206.81    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG                           | Sonova Holding AG (Registered)                     | CUSIP: N/A<br>LEI: 5299004A0QNX7FBNHS61       | Long             | EC               | CORP              | CH        |      1386 | NS      | $427395.68    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Taiwan Semiconductor Manufacturing Co. Ltd.        | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     45500 | NS      | $1291748.74   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Bosideng International Holdings Ltd.        | Bosideng International Holdings Ltd.               | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | HK        |    968000 | NS      | $501806.65    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV              | BE Semiconductor Industries NV                     | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |      2750 | NS      | $294600.13    | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Kia Corp.                                   | Kia Corp.                                          | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      1078 | NS      | $68555.19     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Catcher Technology Co. Ltd.                 | Catcher Technology Co. Ltd.                        | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |     22000 | NS      | $149266.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA               | Industria de Diseno Textil SA                      | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     13112 | NS      | $704115.32    | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| ZOZO, Inc.                                  | ZOZO, Inc.                                         | CUSIP: N/A<br>LEI: 549300GC7XPQMZA0OW13       | Long             | EC               | CORP              | JP        |     17600 | NS      | $179405.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Deutsche Post AG                            | Deutsche Post AG                                   | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |      6116 | NS      | $260783.14    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                | Sun Hung Kai Properties Ltd.                       | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |     27000 | NS      | $256431.58    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co. Ltd.                        | Honda Motor Co. Ltd.                               | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     13200 | NS      | $134461.58    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas SA                                    | Ageas SA/NV                                        | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |       902 | NS      | $56650.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancolombia SA                              | Bancolombia SA (Preference)                        | CUSIP: N/A<br>LEI: 54930052NWJRPNMP1W58       | Long             | EC               | CORP              | CO        |     13640 | NS      | $140146.66    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                          | Publicis Groupe SA                                 | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |      1650 | NS      | $167419.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE         | LVMH Moet Hennessy Louis Vuitton SE                | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       154 | NS      | $85411.53     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                               | Severstal PAO                                      | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |      7952 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CK Asset Holdings Ltd.                      | CK Asset Holdings Ltd.                             | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |    115000 | NS      | $470843.49    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co. Ltd.                        | WuXi AppTec Co. Ltd., Class H                      | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | HK        |     39600 | NS      | $307160.82    | 0.47%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Yadea Group Holdings Ltd.                   | Yadea Group Holdings Ltd.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    202000 | NS      | $365724.01    | 0.55%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Bank Polska Kasa Opieki SA                  | Bank Polska Kasa Opieki SA                         | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |     10890 | NS      | $545122.25    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co. Ltd.                     | Daiichi Sankyo Co. Ltd.                            | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |     16600 | NS      | $424077.40    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA            | Powszechny Zaklad Ubezpieczen SA                   | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |     36366 | NS      | $568680.85    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                     | Sberbank of Russia PJSC (Preference)               | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |     31920 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tokyo Electron Ltd.                         | Tokyo Electron Ltd.                                | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      5500 | NS      | $818406.48    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Telstra Group Ltd.                          | Telstra Group Ltd.                                 | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |     57816 | NS      | $166840.99    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co. Ltd.               | China Merchants Bank Co. Ltd., Class H             | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | HK        |     80000 | NS      | $437927.97    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Haidilao International Holding Ltd.         | Haidilao International Holding Ltd.                | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | HK        |    187000 | NS      | $424895.87    | 0.64%             |  |  |  | Yes           |                  1 | On Loan: —       |
| China Hongqiao Group Ltd.                   | China Hongqiao Group Ltd.                          | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | HK        |    264000 | NS      | $475252.43    | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| BCE, Inc.                                   | BCE, Inc.                                          | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | US        |      7766 | NS      | $172793.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Hitachi Ltd.                                | Hitachi Ltd.                                       | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     53400 | NS      | $1317030.29   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                    | Enel SpA                                           | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     98538 | NS      | $856227.92    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                            | Novo Nordisk A/S, Class B                          | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |      5544 | NS      | $367407.32    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands plc                         | Imperial Brands plc                                | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     15862 | NS      | $651284.49    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                  | Alibaba Group Holding Ltd.                         | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | US        |      1980 | NS      | $236471.40    | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Asset Management Ltd.            | Brookfield Asset Management Ltd., Class A          | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |      8756 | NS      | $466293.61    | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| China Shenhua Energy Co. Ltd.               | China Shenhua Energy Co. Ltd., Class H             | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | HK        |    129000 | NS      | $485744.13    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| IGM Financial, Inc.                         | IGM Financial, Inc.                                | CUSIP: 449586106<br>LEI: 254900RYHLVJNTUFDA95 | Long             | EC               | CORP              | CA        |     15246 | NS      | $483549.74    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                 | Cie Financiere Richemont SA (Registered)           | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |      1364 | NS      | $241096.44    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad NV                                 | Randstad NV                                        | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |      9240 | NS      | $369935.74    | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Grupo Energia Bogota SA ESP                 | Grupo Energia Bogota SA ESP                        | CUSIP: N/A<br>LEI: 529900LG618OWYVHI655       | Long             | EC               | CORP              | CO        |    769164 | NS      | $533537.85    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fast Retailing Co. Ltd.                     | Fast Retailing Co. Ltd.                            | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      2100 | NS      | $691657.32    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Telia Co. AB                                | Telia Co. AB                                       | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |     46596 | NS      | $174646.23    | 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      | $-3217.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intertek Group plc                          | Intertek Group plc                                 | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |      7546 | NS      | $462030.17    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co. Ltd.                         | SK Telecom Co. Ltd.                                | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |       396 | NS      | $15126.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Tobacco, Inc.                         | Japan Tobacco, Inc.                                | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |     19800 | NS      | $611740.04    | 0.93%             |  |  |  | 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      | $-2342.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Financial Services Software Ltd.     | Oracle Financial Services Software Ltd.            | CUSIP: N/A<br>LEI: 3358008SYNPKSPNMTJ57       | Long             | EC               | CORP              | IN        |       572 | NS      | $59049.20     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                       | Tencent Holdings Ltd.                              | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | HK        |      8300 | NS      | $510756.06    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp.                                  | Hoya Corp.                                         | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      4400 | NS      | $517610.77    | 0.78%             |  |  |  | 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      | $-2166.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp. Ltd.                       | Indian Oil Corp. Ltd.                              | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | EC               | CORP              | IN        |     63998 | NS      | $104431.49    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | MSCI EAFE E-Mini Index                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $12000.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                             | ASML Holding NV                                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       308 | NS      | $203944.32    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lite-On Technology Corp.                    | Lite-On Technology Corp.                           | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |     51000 | NS      | $153081.32    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| REC Ltd.                                    | REC Ltd.                                           | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |     20284 | NS      | $100863.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuehne + Nagel International AG             | Kuehne + Nagel International AG (Registered)       | CUSIP: N/A<br>LEI: 529900Q0YED3805QXQ66       | Long             | EC               | CORP              | CH        |      2178 | NS      | $500535.81    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Seng Bank Ltd.                         | Hang Seng Bank Ltd.                                | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |     11000 | NS      | $153622.96    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Orient Overseas International Ltd.          | Orient Overseas International Ltd.                 | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |      8000 | NS      | $111932.12    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group plc                 | Reckitt Benckiser Group plc                        | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |      2552 | NS      | $164913.22    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp.                                | ITOCHU Corp.                                       | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     14400 | NS      | $735143.02    | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Shenzhou International Group Holdings Ltd.  | Shenzhou International Group Holdings Ltd.         | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | HK        |     17600 | NS      | $122104.01    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                         | Intesa Sanpaolo SpA                                | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    173888 | NS      | $925477.76    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd.                  | Woodside Energy Group Ltd.                         | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     13310 | NS      | $176630.21    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| BHP Group Ltd.                              | BHP Group Ltd.                                     | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     53504 | NS      | $1307416.87   | 1.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Fertiglobe plc                              | Fertiglobe plc                                     | CUSIP: N/A<br>LEI: 984500A99D1B4CPBF744       | Long             | EC               | CORP              | AE        |    562078 | NS      | $347372.64    | 0.53%             |  |  |  | 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      | $-5362.74     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                              | MediaTek, Inc.                                     | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     18500 | NS      | $780883.59    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.         | Hong Kong Exchanges & Clearing Ltd.                | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |      9900 | NS      | $435080.66    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                      | SAP SE                                             | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |       880 | NS      | $255386.80    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp.                             | TC Energy Corp.                                    | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |      7590 | NS      | $382714.47    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO            | Other Repurchase Agreement                         | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |    400000 | PA      | $400000.00    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                 | Canara Bank                                        | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    355828 | NS      | $410439.15    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP plc                                     | WPP plc                                            | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | GB        |      9350 | NS      | $71960.44     | 0.11%             |  |  |  | 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      | $1806.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.        | Mitsubishi UFJ Financial Group, Inc.               | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |      4400 | NS      | $55632.36     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                               | Stellantis NV                                      | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | IT        |     13024 | NS      | $120512.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamtri Resources Indonesia Tbk. PT         | Alamtri Resources Indonesia Tbk. PT                | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   3493600 | NS      | $399869.88    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA                        | Banca Mediolanum SpA                               | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |     34144 | NS      | $509229.08    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.   | Ping An Insurance Group Co. of China Ltd., Class H | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | HK        |     40500 | NS      | $243374.99    | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Bharat Petroleum Corp. Ltd.                 | Bharat Petroleum Corp. Ltd.                        | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |     43054 | NS      | $158005.45    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                        | Royal Bank of Canada                               | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |      8338 | NS      | $998833.61    | 1.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Aboitiz Power Corp.                         | Aboitiz Power Corp.                                | CUSIP: N/A<br>LEI: 254900UHTKF4VBSFTL94       | Long             | EC               | CORP              | PH        |    380600 | NS      | $254164.89    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Finance Corp. Ltd.                    | Power Finance Corp. Ltd.                           | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | EC               | CORP              | IN        |     72116 | NS      | $347759.88    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Schroders plc                               | Schroders plc                                      | CUSIP: N/A<br>LEI: 2138001YYBULX5SZ2H24       | Long             | EC               | CORP              | GB        |     29128 | NS      | $127768.19    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield                   | Unibail-Rodamco-Westfield                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |      1760 | NS      | $149090.67    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                            | Roche Holding AG                                   | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      1672 | NS      | $547939.88    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever Indonesia Tbk. PT                  | Unilever Indonesia Tbk. PT                         | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |   5418600 | NS      | $559813.19    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG                      | Dr Ing hc F Porsche AG (Preference)                | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EC               | CORP              | DE        |      1760 | NS      | $88209.98     | 0.13%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Aker BP ASA                                 | Aker BP ASA                                        | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |      6270 | NS      | $134953.78    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PLDT, Inc.                                  | PLDT, Inc.                                         | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648       | Long             | EC               | CORP              | PH        |      5610 | NS      | $130570.23    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB            | Skandinaviska Enskilda Banken AB, Class A          | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |     34254 | NS      | $541428.35    | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| ANZ Group Holdings Ltd.                     | ANZ Group Holdings Ltd.                            | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     17974 | NS      | $343409.82    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                     | E.ON SE                                            | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |      3278 | NS      | $57440.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell plc                                   | Shell plc                                          | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      1188 | NS      | $38726.14     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Var Energi ASA                              | Var Energi ASA                                     | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |    164978 | NS      | $454526.92    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                      | Petroleo Brasileiro SA (Preference)                | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |     22000 | NS      | $116540.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Marubeni Corp.                              | Marubeni Corp.                                     | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |     11000 | NS      | $194952.33    | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Singapore Airlines Ltd.                     | Singapore Airlines Ltd.                            | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |    103400 | NS      | $531373.21    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                 | Tokio Marine Holdings, Inc.                        | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      4400 | NS      | $176074.03    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                     | BASF SE                                            | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |      5434 | NS      | $275683.95    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | MSCI Emerging Markets E-Mini Index                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $3385.57      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                               | Nemetschek SE                                      | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |      3850 | NS      | $508985.50    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                  | Geberit AG (Registered)                            | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |       836 | NS      | $580087.86    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd.                    | ENN Energy Holdings Ltd.                           | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | HK        |     11000 | NS      | $87308.34     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp.                    | Manulife Financial Corp.                           | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     10780 | NS      | $329729.24    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                        | Straumann Holding AG (Registered)                  | CUSIP: N/A<br>LEI: 50670046ML5FVIM60Z37       | Long             | EC               | CORP              | CH        |       286 | NS      | $35030.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Turkiye Petrol Rafinerileri A/S             | Turkiye Petrol Rafinerileri A/S                    | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |     38368 | NS      | $124402.51    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk. PT                     | United Tractors Tbk. PT                            | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    272800 | NS      | $373045.78    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group NV                    | Universal Music Group NV                           | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     12716 | NS      | $373659.50    | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| NATIONAL BK OF CANADA FINANCIAL INC         | Other Repurchase Agreement                         | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |    100000 | PA      | $100000.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                             | AstraZeneca plc                                    | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |       902 | NS      | $129251.09    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Bank Polska SA                    | Santander Bank Polska SA                           | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |      3586 | NS      | $550094.13    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                              | Treasury Repurchase Agreement                      | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |   2384667 | PA      | $2384666.73   | 3.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                               | Rio Tinto plc                                      | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |      6732 | NS      | $399871.23    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                 | Equinor ASA                                        | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     10978 | NS      | $251849.45    | 0.38%             |  |  |  | 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      | $-9712.65     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT            | Telkom Indonesia Persero Tbk. PT                   | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   2950200 | NS      | $469188.43    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                            | TotalEnergies SE                                   | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |      2310 | NS      | $134340.66    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone OYJ                                    | Kone OYJ, Class B                                  | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |      6490 | NS      | $402074.16    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA              | BB Seguridade Participacoes SA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     35200 | NS      | $265924.33    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                               | Telefonica SA                                      | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |     36674 | NS      | $188351.67    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Bayerische Motoren Werke AG                 | Bayerische Motoren Werke AG                        | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |      2178 | NS      | $183955.02    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                   | Nestle SA (Registered)                             | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |      2068 | NS      | $220804.77    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Coles Group Ltd.                            | Coles Group Ltd.                                   | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |     13750 | NS      | $186692.23    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                                | KBC Group NV                                       | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      6160 | NS      | $567612.92    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.               | United Microelectronics Corp.                      | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |    110000 | NS      | $155457.59    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                 | BOC Hong Kong Holdings Ltd.                        | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |     22000 | NS      | $91351.05     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd.              | CSPC Pharmaceutical Group Ltd.                     | CUSIP: N/A<br>LEI: 529900M3XQCW234H8O91       | Long             | EC               | CORP              | HK        |    220000 | NS      | $173907.44    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tech Mahindra Ltd.                          | Tech Mahindra Ltd.                                 | CUSIP: N/A<br>LEI: 3358005FZUZ1I25XQH69       | Long             | EC               | CORP              | IN        |     17754 | NS      | $315850.82    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysmex Corp.                                | Sysmex Corp.                                       | CUSIP: N/A<br>LEI: 5299001ZO4CKWACMZI55       | Long             | EC               | CORP              | JP        |      6800 | NS      | $126403.53    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                                    | Tele2 AB, Class B                                  | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |     43538 | NS      | $642130.09    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GMK Norilskiy Nickel PAO                    | GMK Norilskiy Nickel PAO                           | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |    212800 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CaixaBank SA                                | CaixaBank SA                                       | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     33066 | NS      | $253040.90    | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Novartis AG                                 | Novartis AG (Registered)                           | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |      4796 | NS      | $547388.91    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS Corp.                                 | TELUS Corp.                                        | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               | CORP              | CA        |      8998 | NS      | $138230.33    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bureau Veritas SA                           | Bureau Veritas SA                                  | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |     15488 | NS      | $490854.83    | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Chow Tai Fook Jewellery Group Ltd.          | Chow Tai Fook Jewellery Group Ltd.                 | CUSIP: N/A<br>LEI: 254900VXRL7SRSF44G79       | Long             | EC               | CORP              | HK        |    479600 | NS      | $641965.26    | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortum OYJ                                  | Fortum OYJ                                         | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |     33000 | NS      | $553125.50    | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Kumba Iron Ore Ltd.                         | Kumba Iron Ore Ltd.                                | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     24310 | NS      | $422669.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Disco Corp.                                 | Disco Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       700 | NS      | $135544.03    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA                 | FinecoBank Banca Fineco SpA                        | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     27148 | NS      | $542064.49    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV          | Grupo Financiero Banorte SAB de CV, Class O        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     68200 | NS      | $587129.71    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings plc                           | HSBC Holdings plc                                  | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    180004 | NS      | $2000388.77   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                       | HCL Technologies Ltd.                              | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |       572 | NS      | $10612.81     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co. Ltd.                 | Shin-Etsu Chemical Co. Ltd.                        | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     14400 | NS      | $437128.44    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                             | Nordea Bank Abp                                    | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |     19316 | NS      | $267332.11    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                  | L'Oreal SA                                         | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      2618 | NS      | $1151716.45   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                | Infosys Ltd.                                       | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |      5984 | NS      | $106252.37    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Isuzu Motors Ltd.                           | Isuzu Motors Ltd.                                  | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |      9900 | NS      | $133709.69    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Coal India Ltd.                             | Coal India Ltd.                                    | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |     24486 | NS      | $111671.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera, Inc.                                 | Emera, Inc.                                        | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |      3982 | NS      | $178877.22    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Bouygues SA                                 | Bouygues SA                                        | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |      4334 | NS      | $190662.30    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                | DNB Bank ASA                                       | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |      2420 | NS      | $60395.28     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hansoh Pharmaceutical Group Co. Ltd.        | Hansoh Pharmaceutical Group Co. Ltd.               | CUSIP: N/A<br>LEI: 254900Q6MR00EBXTPF42       | Long             | EC               | CORP              | HK        |    206000 | NS      | $640205.29    | 0.97%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Aviva plc                                   | Aviva plc                                          | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |     25212 | NS      | $188583.74    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Energy Ltd.                          | Origin Energy Ltd.                                 | CUSIP: N/A<br>LEI: ZSN2LWNPYW6ISMRUC664       | Long             | EC               | CORP              | AU        |     23342 | NS      | $158912.43    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO