FLEXSHARES TR

Ticker: GQRE CUSIP: 33939L787 Class: Com

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

Diversify Advisory Services, LLC

Value ($000) $569 Shares 9,241

Corient Private Wealth LLC

Value ($000) $1,064 Shares 18,073

GOLDMAN SACHS GROUP INC

Value ($000) $223 Shares 3,797

WELLS FARGO & COMPANY/MN

Value ($000) $5 Shares 79

Institution	Shares	Value ($000)
Diversify Advisory Services, LLC	9,241	$569
Corient Private Wealth LLC	18,073	$1,064
GOLDMAN SACHS GROUP INC	3,797	$223
WELLS FARGO & COMPANY/MN	79	$5

Increased Positions (19)

ESL Trust Services, LLC

Value ($000) $35,869 (-0.8%) Shares 609,395 (+2.8%)

Boltwood Capital Management

Value ($000) $4,799 (-0.7%) Shares 81,539 (+2.9%)

Missouri Trust & Investment Co

Value ($000) $2,873 (+4.3%) Shares 48,808 (+8.0%)

Fermata Advisors, LLC

Value ($000) $1,232 (-1.7%) Shares 20,930 (+1.9%)

STUDIO INVESTMENT MANAGEMENT LLC

Value ($000) $1,173 (-1.9%) Shares 19,932 (+1.6%)

Wealthspire Retirement, LLC

Value ($000) $2,574 (-1.8%) Shares 43,735 (+1.7%)

VestGen Investment Management

Value ($000) $334 (-1.1%) Shares 5,672 (+2.4%)

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

Value ($000) $1,884 (+25.0%) Shares 32,005 (+29.4%)

Cetera Investment Advisers

Value ($000) $1,529 (+27.6%) Shares 25,981 (+32.1%)

FLOW TRADERS U.S. LLC

Value ($000) $1 (+39.1%) Shares 19,232 (+44.0%)

Value ($000) $488 (+28.3%) Shares 8,286 (+32.9%)

CITADEL ADVISORS LLC

Value ($000) $1,341 (+2.3%) Shares 22,791 (+5.9%)

MML INVESTORS SERVICES, LLC

Value ($000) $567 (+7.6%) Shares 9,626 (+11.5%)

CIBC Private Wealth Group, LLC

Value ($000) $108 (+24.2%) Shares 1,837 (+28.6%)

Value ($000) $134 (+11.7%) Shares 2,271 (+15.6%)

Golden State Wealth Management, LLC

Value ($000) $32 (-0.9%) Shares 539 (+2.7%)

BANK OF MONTREAL /CAN/

Value ($000) $29 (-0.9%) Shares 496 (+2.7%)

ZRC WEALTH MANAGEMENT, LLC

Value ($000) $39 (-2.1%) Shares 656 (+1.4%)

ROYAL BANK OF CANADA

Value ($000) $12 (0.0%) Shares 204 (+2.5%)

Institution	Prev Shares	Curr Shares	Change
ESL Trust Services, LLC	592,991	609,395	+16,404 (+2.8%)
Boltwood Capital Management	79,262	81,539	+2,277 (+2.9%)
Missouri Trust & Investment Co	45,204	48,808	+3,604 (+8.0%)
Fermata Advisors, LLC	20,548	20,930	+382 (+1.9%)
STUDIO INVESTMENT MANAGEMENT LLC	19,612	19,932	+320 (+1.6%)
Wealthspire Retirement, LLC	42,989	43,735	+746 (+1.7%)
VestGen Investment Management	5,538	5,672	+134 (+2.4%)
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	24,727	32,005	+7,278 (+29.4%)
Cetera Investment Advisers	19,666	25,981	+6,315 (+32.1%)
FLOW TRADERS U.S. LLC	13,358	19,232	+5,874 (+44.0%)
MORGAN STANLEY	6,237	8,286	+2,049 (+32.9%)
CITADEL ADVISORS LLC	21,514	22,791	+1,277 (+5.9%)
MML INVESTORS SERVICES, LLC	8,636	9,626	+990 (+11.5%)
CIBC Private Wealth Group, LLC	1,428	1,837	+409 (+28.6%)
CITIGROUP INC	1,964	2,271	+307 (+15.6%)
Golden State Wealth Management, LLC	525	539	+14 (+2.7%)
BANK OF MONTREAL /CAN/	483	496	+13 (+2.7%)
ZRC WEALTH MANAGEMENT, LLC	647	656	+9 (+1.4%)
ROYAL BANK OF CANADA	199	204	+5 (+2.5%)

Decreased Positions (13)

Dynamic Advisor Solutions LLC

Value ($000) $9,421 (-25.3%) Shares 160,063 (-22.7%)

Smartleaf Asset Management LLC

Value ($000) $16 (-96.6%) Shares 271 (-96.6%)

OLD MISSION CAPITAL LLC

Value ($000) $657 (-56.8%) Shares 11,154 (-55.3%)

Value ($000) $2,427 (-12.1%) Shares 41,230 (-8.9%)

NORTHERN TRUST CORP

Value ($000) $227,975 (-9.3%) Shares 3,873,176 (-6.1%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $2,419 (-66.2%) Shares 41,098 (-65.0%)

JANE STREET GROUP, LLC

Value ($000) $640 (-55.5%) Shares 10,877 (-53.9%)

OSAIC HOLDINGS, INC.

Value ($000) $40 (-71.5%) Shares 674 (-70.5%)

Value ($000) $7 (-90.1%) Shares 116 (-89.8%)

LPL Financial LLC

Value ($000) $778 (-9.3%) Shares 13,224 (-6.1%)

Value ($000) $125 (-22.2%) Shares 2,125 (-19.4%)

Hills Bank & Trust Co

Value ($000) $150 (-5.9%) Shares 2,554 (-2.6%)

CoreCap Advisors, LLC

Value ($000) $7 (-11.4%) Shares 111 (-8.3%)

Institution	Prev Shares	Curr Shares	Change
Dynamic Advisor Solutions LLC	206,956	160,063	-46,893 (-22.7%)
Smartleaf Asset Management LLC	7,904	271	-7,633 (-96.6%)
OLD MISSION CAPITAL LLC	24,931	11,154	-13,777 (-55.3%)
PFG Advisors	45,281	41,230	-4,051 (-8.9%)
NORTHERN TRUST CORP	4,124,804	3,873,176	-251,628 (-6.1%)
ENVESTNET ASSET MANAGEMENT INC	117,472	41,098	-76,374 (-65.0%)
JANE STREET GROUP, LLC	23,597	10,877	-12,720 (-53.9%)
OSAIC HOLDINGS, INC.	2,281	674	-1,607 (-70.5%)
FMR LLC	1,139	116	-1,023 (-89.8%)
LPL Financial LLC	14,083	13,224	-859 (-6.1%)
ASSETMARK, INC	2,636	2,125	-511 (-19.4%)
Hills Bank & Trust Co	2,622	2,554	-68 (-2.6%)
CoreCap Advisors, LLC	121	111	-10 (-8.3%)

Exited Positions (2)

St. Clair Advisors, LLC

Value ($000) $7,962 Shares 130,612

Cornerstone Planning Group LLC

Value ($000) $3 Shares 55

Institution	Prev Shares	Prev Value ($000)
St. Clair Advisors, LLC	130,612	$7,962
Cornerstone Planning Group LLC	55	$3