# EDGAR Filing Document

**Accession Number:** 0001491978
**File Stem:** 0002071691-25-002081
**Filing Date:** 2025-9
**Character Count:** 68267
**Document Hash:** f88b7ac48609bf0f156f3176385ec0be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-002081.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002071691-25-002081

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22555
- **FILM NUMBER:** 251342667

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

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

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

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

## Series and Classes Contracts Data

### FlexShares Quality Dividend Index Fund (Series ID: S000038873)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000119637 | FlexShares Quality Dividend Index Fund | QDF             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

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

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

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

- **b. EDGAR series identifier (if any):** S000038873

- **c. LEI of Series:** 549300COLZ535QQ56B38

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1994056021.34

**Total Liabilities:** $122445079.38

**Net Assets:** $1871610941.96

**Cash Not Reported:** $9568456.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119637 | 5.78%                | 4.49%                | 2.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3418602.72              | $91997262.36                               |
| Month 2  | $-5166808.96             | $81405572.41                               |
| Month 3  | $8314218.04              | $31675773.32                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radian Group, Inc.                           | Radian Group, Inc.                                                                                          | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    252747 | NS      | $8242079.67   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                  | Host Hotels & Resorts, Inc.                                                                                 | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    545454 | NS      | $8574536.88   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                          | Synchrony Financial                                                                                         | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     74925 | NS      | $5220024.75   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS NY                                   | NATIXIS SA/NEW YORK NY CERTIFICATE OF DEPOSIT FIXED 4.47% 11/DEC/2025 USD 1000                              | CUSIP: 63873TDM7<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1000119.00   | 0.05%             | 2025-12-11      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp.                           | Lam Research Corp.                                                                                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    205794 | NS      | $19517502.96  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp.                                   | Pool Corp.                                                                                                  | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     20979 | NS      | $6464469.06   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp.                                                                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     58941 | NS      | $6580173.24   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                      | Louisiana-Pacific Corp.                                                                                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     55944 | NS      | $5057897.04   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Alphabet, Inc.                               | Alphabet, Inc., Class A                                                                                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    129870 | NS      | $24922053.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                | Walmart, Inc.                                                                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     47952 | NS      | $4698336.96   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                          | Valero Energy Corp.                                                                                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     67932 | NS      | $9327742.92   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| SUMITOMO MITSUI BANKING CORP NY              | SUMITOMO MITSUI BANKING CORP/NEW YORK CERTIFICATE OF DEPOSIT VARIABLE 01/OCT/2025 USD 1000                  | CUSIP: 86565GMH0<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1000086.00   | 0.05%             | 2025-10-01      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Cal-Maine Foods, Inc.                        | Cal-Maine Foods, Inc.                                                                                       | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     89910 | NS      | $9992597.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| NVIDIA Corp.                                 | NVIDIA Corp.                                                                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    737262 | NS      | $131136791.94 | 7.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc.                                                                                  | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     16983 | NS      | $4418636.94   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| KLA Corp.                                    | KLA Corp.                                                                                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     20979 | NS      | $18441170.37  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.      | Mid-America Apartment Communities, Inc.                                                                     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     57942 | NS      | $8252679.06   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MUFG Bank Ltd, New York Branch               | MUFG BANK LTD/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 08/SEP/2025 USD 1000                              | CUSIP: 55381BFN3<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $999969.00    | 0.05%             | 2025-09-08      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                     | Bristol-Myers Squibb Co.                                                                                    | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    315684 | NS      | $13672274.04  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital, Inc.                            | Gen Digital, Inc.                                                                                           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    323676 | NS      | $9545205.24   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Alphabet, Inc.                               | Alphabet, Inc., Class C                                                                                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    104895 | NS      | $20230049.70  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                 | Intuit, Inc.                                                                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     43956 | NS      | $34511174.28  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers, Inc.                        | Scorpio Tankers, Inc.                                                                                       | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Long             | EC               | CORP              | MH        |      7992 | NS      | $361318.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                 | Marriott International, Inc., Class A                                                                       | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      2997 | NS      | $790698.51    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| TD PRIME SERVICES LLC                        | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Vernova, Inc.                             | GE Vernova, Inc.                                                                                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     15888 | NS      | $10490687.52  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                  | Apple, Inc.                                                                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    641358 | NS      | $133126680.06 | 7.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                 | ResMed, Inc.                                                                                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     38961 | NS      | $10595054.34  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                 | Apple Hospitality REIT, Inc.                                                                                | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    735264 | NS      | $8639352.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Automatic Data Processing, Inc.              | Automatic Data Processing, Inc.                                                                             | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     63936 | NS      | $19788192.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                | Starwood Property Trust, Inc.                                                                               | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    434565 | NS      | $8456634.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC                         | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   8000000 | PA      | $8000000.00   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| UGI Corp.                                    | UGI Corp.                                                                                                   | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    256743 | NS      | $9288961.74   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Snap-on, Inc.                                | Snap-on, Inc.                                                                                               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     25974 | NS      | $8342589.06   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International                                                                                        | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     71928 | NS      | $3748887.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                                                                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    346653 | NS      | $57107615.22  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                            | Merck & Co., Inc.                                                                                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     87912 | NS      | $6867685.44   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                             | Mastercard, Inc., Class A                                                                                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10989 | NS      | $6224938.83   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                 | Pfizer, Inc.                                                                                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    292707 | NS      | $6817146.03   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial, Inc.                         | Ally Financial, Inc.                                                                                        | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    235764 | NS      | $8923667.40   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | S&P 500 E-Mini Index                                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        32 | NC      | $421100.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                   | Prudential Financial, Inc.                                                                                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     90909 | NS      | $9416354.22   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| United Parcel Service, Inc.                  | United Parcel Service, Inc., Class B                                                                        | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    114885 | NS      | $9898491.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems, Inc.                            | Pegasystems, Inc.                                                                                           | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    109890 | NS      | $6451641.90   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Nexstar Media Group, Inc.                    | Nexstar Media Group, Inc., Class A                                                                          | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     50949 | NS      | $9533067.39   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Home Depot, Inc. (The)                       | Home Depot, Inc. (The)                                                                                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7992 | NS      | $2937139.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LTD,NY            | SUMITOMO MITSUI TRUST NY CERTIFICATE OF DEPOSIT VARIABLE 07/NOV/2025 USD 1000                               | CUSIP: 86564P6Y2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1000214.00   | 0.05%             | 2025-11-07      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Popular, Inc.                                | Popular, Inc.                                                                                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     87912 | NS      | $10072956.96  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                     | Skyworks Solutions, Inc.                                                                                    | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |    109890 | NS      | $7531860.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Trane Technologies plc                       | Trane Technologies plc                                                                                      | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     34965 | NS      | $15317467.20  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC NY                                      | CANADIAN IMPERIAL BANK OF COMMERCE/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 17/DEC/2025 USD 1000         | CUSIP: 13606DGG1<br>LEI: 549300H8L46OOZOFHU82 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $999919.00    | 0.05%             | 2025-12-17      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                           | Altria Group, Inc.                                                                                          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    269730 | NS      | $16707076.20  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                          | Vertiv Holdings Co., Class A                                                                                | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     94905 | NS      | $13818168.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                           | Ralph Lauren Corp.                                                                                          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     32967 | NS      | $9848891.25   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT AGRICOLE CIB, NY                      | CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK/NEW YORK CERTIFICATE OF DEPOSIT VARIABLE 31/OCT/2025 USD 1000 | CUSIP: 22532XD47<br>LEI: 254900BN8XS34XZDJ223 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1000076.00   | 0.05%             | 2025-10-31      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Williams-Sonoma, Inc.                        | Williams-Sonoma, Inc.                                                                                       | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     47952 | NS      | $8969421.60   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Jackson Financial, Inc.                      | Jackson Financial, Inc., Class A                                                                            | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |    105894 | NS      | $9272078.64   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                 | Invesco Ltd.                                                                                                | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | BM        |    495504 | NS      | $10410539.04  | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Broadcom, Inc.                               | Broadcom, Inc.                                                                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    235764 | NS      | $69243886.80  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUSTON                  | BANK OF NOVA SCOTIA/HOUSTON CERTIFICATE OF DEPOSIT VARIABLE 01/JUL/2026 USD 1000                            | CUSIP: 06418NHH8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999984.90    | 0.05%             | 2026-07-01      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty Corp.                          | Kilroy Realty Corp.                                                                                         | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    260739 | NS      | $9610839.54   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Amdocs Ltd.                                  | Amdocs Ltd.                                                                                                 | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     97902 | NS      | $8356914.72   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| BARCLAYS NEW YORK                            | BARCLAYS BANK PLC/NY CERTIFICATE OF DEPOSIT VARIABLE 15/OCT/2025 USD 1000                                   | CUSIP: 06745GDA6<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1000144.00   | 0.05%             | 2025-10-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                         | Meta Platforms, Inc., Class A                                                                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     87912 | NS      | $67994657.28  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                       | Costco Wholesale Corp.                                                                                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      5151 | NS      | $4840085.64   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                                                                           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    226773 | NS      | $37202110.65  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                               | Treasury Repurchase Agreement                                                                               | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |  10539320 | PA      | $10539320.25  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Willis Towers Watson plc                     | Willis Towers Watson plc                                                                                    | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |     30969 | NS      | $9780319.89   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK OF MONTREAL CHICAGO                     | BANK OF MONTREAL/CHICAGO IL CERTIFICATE OF DEPOSIT VARIABLE 29/MAY/2026 USD 1000                            | CUSIP: 06367DQZ1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $999808.00    | 0.05%             | 2026-05-29      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Robert Half, Inc.                            | Robert Half, Inc.                                                                                           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     90909 | NS      | $3355451.19   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| BNP PARIBAS, NY                              | BNP PARIBAS SA/NEW YORK NY CERTIFICATE OF DEPOSIT VARIABLE 01/DEC/2025 USD 1000                             | CUSIP: 05593DFX6<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1000072.00   | 0.05%             | 2025-12-01      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| NATIONAL BK OF CANADA FINANCIAL INC          | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300K66TF1ST7A3V76       | Long             | RA               | CORP              | CA        |  20000000 | PA      | $20000000.00  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | S&P Midcap 400 E-Mini Index                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $70898.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials, Inc.                        | Eagle Materials, Inc.                                                                                       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      4995 | NS      | $1120328.55   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO             | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |  27000000 | PA      | $27000000.00  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Rockwell Automation, Inc.                    | Rockwell Automation, Inc.                                                                                   | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      6993 | NS      | $2459508.03   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co.                                                                                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    103896 | NS      | $30778151.04  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                                                                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    129870 | NS      | $18501280.20  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems, Inc.                        | Bentley Systems, Inc., Class B                                                                              | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |    183816 | NS      | $10657651.68  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                            | Lowe's Cos., Inc.                                                                                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     83916 | NS      | $18761100.12  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                              | Schlumberger NV                                                                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    450202 | NS      | $15216827.60  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Co.                                                                                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     28971 | NS      | $2429218.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings, Inc.                       | Kinetik Holdings, Inc., Class A                                                                             | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195804 | NS      | $8493977.52   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Dillard's, Inc.                              | Dillard's, Inc., Class A                                                                                    | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |     14985 | NS      | $6996946.05   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Installed Building Products, Inc.            | Installed Building Products, Inc.                                                                           | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     48951 | NS      | $9902297.79   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| CITIGROUP GLOBAL MARKETS INC                 | Treasury Repurchase Agreement                                                                               | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions, Inc.         | Broadridge Financial Solutions, Inc.                                                                        | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     23976 | NS      | $5934299.76   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                   | Cullen/Frost Bankers, Inc.                                                                                  | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     63936 | NS      | $8146085.76   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Wyndham Hotels & Resorts, Inc.               | Wyndham Hotels & Resorts, Inc.                                                                              | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      6993 | NS      | $601398.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Vistra Corp.                                 | Vistra Corp.                                                                                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     40959 | NS      | $8541589.86   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.                            | Caterpillar, Inc.                                                                                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     57942 | NS      | $25379754.84  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                         | TJX Cos., Inc. (The)                                                                                        | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2997 | NS      | $373216.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                   | Ameriprise Financial, Inc.                                                                                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     13986 | NS      | $7247405.34   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc.                                                                                 | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     45954 | NS      | $8560311.12   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                   | Procter & Gamble Co. (The)                                                                                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    316683 | NS      | $47651291.01  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TD PRIME SERVICES LLC                        | Other Repurchase Agreement                                                                                  | CUSIP: N/A<br>LEI: 549300ZBQI1JB1844X09       | Long             | RA               | CORP              | US        |  11000000 | PA      | $11000000.00  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| OCBC NEW YORK                                | OVERSEA-CHINESE BANKING CORP LTD/NEW YORK CERTIFICATE OF DEPOSIT VARIABLE 17/OCT/2025 USD 1000              | CUSIP: 69033NGF6<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $1000241.00   | 0.05%             | 2025-10-17      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                       | Truist Financial Corp.                                                                                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    227772 | NS      | $9955914.12   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Domino's Pizza, Inc.                         | Domino's Pizza, Inc.                                                                                        | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      6993 | NS      | $3239227.53   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                | MetLife, Inc.                                                                                               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    118881 | NS      | $9029011.95   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Union Co. (The)                      | Western Union Co. (The)                                                                                     | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    881118 | NS      | $7092999.90   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Kite Realty Group Trust                      | Kite Realty Group Trust                                                                                     | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143856 | NS      | $3161954.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Principal Financial Group, Inc.              | Principal Financial Group, Inc.                                                                             | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     81918 | NS      | $6375677.94   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                | Paychex, Inc.                                                                                               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     66933 | NS      | $9660439.89   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Microsoft Corp.                              | Microsoft Corp.                                                                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    201798 | NS      | $107659233.00 | 5.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                 | Matson, Inc.                                                                                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     27972 | NS      | $2986850.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                        | Bank of America Corp.                                                                                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     29970 | NS      | $1416681.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage                                                                                              | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     32967 | NS      | $8965045.98   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                 | Evergy, Inc.                                                                                                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    135864 | NS      | $9619171.20   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                   | NIKE, Inc., Class B                                                                                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    185814 | NS      | $13878447.66  | 0.74%             |  |  |  | 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        |    121878 | NS      | $12364523.10  | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| 3M Co.                                       | 3M Co.                                                                                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     86913 | NS      | $12969157.86  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                               | Tapestry, Inc.                                                                                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    108891 | NS      | $11763494.73  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings, Inc.                       | OneMain Holdings, Inc.                                                                                      | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    158841 | NS      | $9179421.39   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Old Dominion Freight Line, Inc.              | Old Dominion Freight Line, Inc.                                                                             | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      1998 | NS      | $298201.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| SUMITOMO MITSUI TRUST BANK LTD, LDN          | SUMITOMO MITSUI TRUST BANK LTD/LONDON CERTIFICATE OF DEPOSIT FIXED 4.5% 06/OCT/2025 USD                     | CUSIP: N/A<br>LEI: 5493006GGLR4BTEL8O61       | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1000250.00   | 0.05%             | 2025-10-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Equity Residential                           | Equity Residential                                                                                          | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    130869 | NS      | $8270920.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| AbbVie, Inc.                                 | AbbVie, Inc.                                                                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    277035 | NS      | $52365155.70  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTPAC BKG CORP, NEW YORK                   | WESTPAC BANKING CORP/NY CERTIFICATE OF DEPOSIT VARIABLE 11/SEP/2025 USD 1000                                | CUSIP: 96130AXX1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1000111.00   | 0.05%             | 2025-09-11      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                          | Union Pacific Corp.                                                                                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     94905 | NS      | $21066062.85  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                     | Marathon Petroleum Corp.                                                                                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     59940 | NS      | $10201188.60  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                       | Booking Holdings, Inc.                                                                                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3033 | NS      | $16693813.98  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                 | NetApp, Inc.                                                                                                | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     48951 | NS      | $5097267.63   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| METROPOLITAN LIFE INSURANCE COMPANY          | Treasury Repurchase Agreement                                                                               | CUSIP: N/A<br>LEI: 549300H7EXFMRS487544       | Long             | RA               | CORP              | US        |  23000000 | PA      | $23000000.00  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO DOMINION NY                          | TORONTO-DOMINION BANK/NY CERTIFICATE OF DEPOSIT VARIABLE 08/MAY/2026 USD 1000                               | CUSIP: 89115DCC8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2000896.00   | 0.11%             | 2026-05-08      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                          | EOG Resources, Inc.                                                                                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     87912 | NS      | $10551198.24  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                        | Gilead Sciences, Inc.                                                                                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    196558 | NS      | $22071497.82  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                            | Duke Energy Corp.                                                                                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      4995 | NS      | $607591.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                   | Visa, Inc., Class A                                                                                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     27972 | NS      | $9663486.84   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                        | Parker-Hannifin Corp.                                                                                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1039 | NS      | $760444.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works, Inc.                    | Illinois Tool Works, Inc.                                                                                   | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     46953 | NS      | $12018559.41  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                         | Kontoor Brands, Inc.                                                                                        | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |    106893 | NS      | $5949664.38   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Paycom Software, Inc.                        | Paycom Software, Inc.                                                                                       | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     33966 | NS      | $7864487.64   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac, Inc.                                  | Aflac, Inc.                                                                                                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     96903 | NS      | $9628282.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                        | Leidos Holdings, Inc.                                                                                       | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     28971 | NS      | $4625220.15   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International plc                | Weatherford International plc                                                                               | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |     14985 | NS      | $847401.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Accenture plc                                | Accenture plc, Class A                                                                                      | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     96903 | NS      | $25882791.30  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                      | Bath & Body Works, Inc.                                                                                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    124875 | NS      | $3616380.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                        | Dominion Energy, Inc.                                                                                       | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    182817 | NS      | $10685653.65  | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Fastenal Co.                                 | Fastenal Co.                                                                                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    250749 | NS      | $11567051.37  | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Electronic Arts, Inc.                        | Electronic Arts, Inc.                                                                                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     62937 | NS      | $9597263.13   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                               | QUALCOMM, Inc.                                                                                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    173826 | NS      | $25510703.76  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                             | NRG Energy, Inc.                                                                                            | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      4995 | NS      | $835164.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co. (The)                 | Scotts Miracle-Gro Co. (The)                                                                                | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |    119880 | NS      | $7511680.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Lockheed Martin Corp.                        | Lockheed Martin Corp.                                                                                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     19980 | NS      | $8411180.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                           | Vail Resorts, Inc.                                                                                          | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     21978 | NS      | $3302414.28   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Brixmor Property Group, Inc.                 | Brixmor Property Group, Inc.                                                                                | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    213786 | NS      | $5586228.18   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                            | EMCOR Group, Inc.                                                                                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      3996 | NS      | $2507450.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.            | Booz Allen Hamilton Holding Corp.                                                                           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     18981 | NS      | $2037230.73   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                             | Salesforce, Inc.                                                                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3996 | NS      | $1032286.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc.                                                                | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    118881 | NS      | $9440340.21   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Lamar Advertising Co.                        | Lamar Advertising Co., Class A                                                                              | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     69930 | NS      | $8548942.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block, Inc.                              | H&R Block, Inc.                                                                                             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     50949 | NS      | $2768568.66   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.                 | Iridium Communications, Inc.                                                                                | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |    193806 | NS      | $4740494.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Cabot Corp.                                  | Cabot Corp.                                                                                                 | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     21978 | NS      | $1586372.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                 | Zoetis, Inc.                                                                                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     71928 | NS      | $10486383.12  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                   | eBay, Inc.                                                                                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    139860 | NS      | $12832155.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                 | Cintas Corp.                                                                                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32967 | NS      | $7336805.85   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                           | Best Buy Co., Inc.                                                                                          | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    125874 | NS      | $8189362.44   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** FlexShares Trust

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO