FlexShares Morningstar Global Upstream Natural Resources Index Fund

S000033315FlexShares TrustCIK 0001491978

Share classes

1 class of this one portfolio · 1 exchange-listed

Class ID	Symbol	Status	Security in the master	Type
C000102371	GUNR	LINKEDSEC_TICKER	GUNRFlexShares Global Upstream Natural Resource…	ETF

The share-class bridge is a snapshot, not history. The SEC's fund share-class file says what each class trades as today, not what it traded as at a past report date. A fund that changed ticker or converted from a mutual fund resolves to its present-day symbol for every historical month shown.

Share classes

Report period

1 period filed. Holdings below describe the selected month only.

2026-04-30

Filing

NPORT-P · filed 2026-06-25

Report date: 2026-04-30
Net assets: $7,493,664,739.2
Total assets: $7,672,222,038.9
Total liabilities: $178,557,299.7
Assets invested: $0
Cash not reported in C or D: $27,409,666
Amendment: No
Accession: 0002071691-26-014813

By asset category

N-PORT Item C.4.a

ECEquity - common$7.43B97.3%

RARepurchase agreement$132.72M1.7%

DBTDebt$41.01M0.5%

STIVShort-term investment veh…$27.77M0.4%

By asset category

By issuer category

N-PORT Item C.4.b

CORPCorporate$7.61B99.6%

OTHEROther; the filer describe…$29.56M0.4%

By issuer category

By investment country

as filed

USUS$3.07B44.5%

CACA$1.34B19.4%

AUAU$766.31M11.1%

BRBR$464.66M6.7%

FRFR$217.90M3.2%

NONO$187.97M2.7%

ZAZA$174.53M2.5%

SASA$165.42M2.4%

CNCN$159.93M2.3%

GBGB$147.92M2.1%

QAQA$109.58M1.6%

ININ$100.60M1.5%

By country

Classification look-through

Positions resolved to the master through ISIN, then rolled up through the taxonomy. 48.7% of reported value reaches a classification.

Not resolved to the master(153)$3.90B51.1%

Equity · Materials(18)$1.89B24.7%

Equity · Energy(14)$1.10B14.4%

Equity · Consumer Staples(4)$521.68M6.8%

Equity · Utilities(2)$114.52M1.5%

Equity · Real Estate(2)$68.11M0.9%

Equity · Industrials(1)$25.00M0.3%

Resolved, not yet classified(1)$17.84M0.2%

Classification covers part of the master. 5,771 of 13,106 active securities are classified. Anything unclassified is shown as its own band rather than dropped, so a look-through total that falls short of 100% is telling you about coverage, not about the fund.

Percentages are of the reported value of positions above ($7.64B), not of the fund’s net assets ($7.49B). The two differ by cash, derivatives filed with no market value, and rounding.

Issuer↕	In master	CUSIP / ISIN	Asset	Balance↕	Value↕	Weight▲	Country
Grandblue Environment Co. Ltd. Grandblue Environment Co. Ltd., Class A	—	— CNE000001675	EC CORP	273,100 NS	$1.28M CNY	0.017%	CN
Norwegian Krone	—	— —	STIV OTHER	16,383,744.41 OU	$1.76M NOK	0.024%	NO
MIZUHO BANK LIMITED NEW YORK MIZUHO BANK LTD/NEW YORK NY CERTIFICATE OF DE…	—	60701A2G7 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	JP
BANK OF MONTREAL CHICAGO BANK OF MONTREAL/CHICAGO IL CERTIFICATE OF DE…	—	06367DQZ1 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	CA
WESTPAC BKG CORP, NEW YORK WESTPAC BANKING CORP COMMERCIAL PAPER VARIABL…	—	9612CABL0 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	AU
KBC, NEW YORK KBC BANK NV CERTIFICATE OF DEPOSIT FIXED 3.99…	—	4823TDW72 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	BE
NORDEA BANK ABP, NEW YORK BRANCH NORDEA BANK ABP/NEW YORK NY CERTIFICATE OF DE…	—	65558WUD8 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	FI
STANDARD CHARTERED NY STANDARD CHARTERED BANK/NEW YORK CALLABLE CER…	—	85325VVH0 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	GB
TORONTO DOMINION NY TORONTO-DOMINION BANK/NY CERTIFICATE OF DEPOS…	—	89115DXV3 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	CA
SUMITOMO MITSUI TRUST BANK LTD, LDN SUMITOMO MITSUI TRUST BANK LTD/LONDON CERTIFI…	—	— XS3328624054	DBT CORP	2,000,000 PA	$2.00M	0.027%	JP
MIZUHO BANK LIMITED NEW YORK MIZUHO BANK LTD/NEW YORK NY CERTIFICATE OF DE…	—	60701AC84 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	JP
BANK OF MONTREAL CHICAGO BANK OF MONTREAL/CHICAGO IL CERTIFICATE OF DE…	—	06367DTG0 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	CA
BANK OF MONTREAL CHICAGO BANK OF MONTREAL/CHICAGO IL CALLABLE CERTIFIC…	—	06370B6W9 —	DBT CORP	2,000,000 PA	$2.00M	0.027%	CA
Brazilian Real	—	— —	STIV OTHER	10,442,753.98 OU	$2.10M BRL	0.028%	BR
BANK OF NOVA SCOTIA HOUSTON BANK OF NOVA SCOTIA/HOUSTON CERTIFICATE OF DE…	—	06418NHH8 —	DBT CORP	3,000,000 PA	$3.00M	0.040%	US
TORONTO DOMINION NY TORONTO-DOMINION BANK/NY CERTIFICATE OF DEPOS…	—	89115DCC8 —	DBT CORP	3,000,000 PA	$3.00M	0.040%	CA
CREDIT AGRICOLE CIB, NY CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK…	—	22532XJ33 —	DBT CORP	3,000,000 PA	$3.00M	0.040%	FR
ROYAL BANK OF CANADA NY ROYAL BANK OF CANADA/NEW YORK NY CERTIFICATE …	—	78015JRQ2 —	DBT CORP	3,000,000 PA	$3.00M	0.040%	CA
Jiangxi Zhengbang Technology Co. Ltd. Jiangxi Zhengbang Technology Co. Ltd., Class A	—	— CNE1000006H2	EC CORP	6,827,500 NS	$3.47M CNY	0.046%	CN
EURO	—	— —	STIV OTHER	3,072,776.81 OU	$3.60M EUR	0.048%	XX
Manila Water Co., Inc.	—	— PHY569991086	EC CORP	5,188,900 NS	$3.71M PHP	0.050%	PH
Australian Dollar	—	— —	STIV OTHER	5,245,397.52 OU	$3.77M AUD	0.050%	AU
MIZUHO BANK LIMITED NEW YORK MIZUHO BANK LTD/NEW YORK NY CERTIFICATE OF DE…	—	60701A2C6 —	DBT CORP	4,000,000 PA	$4.00M	0.053%	JP
New Hope Liuhe Co. Ltd. New Hope Liuhe Co. Ltd., Class A	—	— CNE000000VB0	EC CORP	3,550,300 NS	$4.54M CNY	0.061%	CN
Canadian Dollar	—	— —	STIV OTHER	6,702,447.65 OU	$4.92M CAD	0.066%	CA
TD SECURITIES (USA) LLC Other Repurchase Agreement	—	— —	RA CORP	5,000,000 PA	$5.00M	0.067%	US
Asia - Potash International Investment Guangz… Asia - Potash International Investment Guangz…	—	— CNE000000XS0	EC CORP	638,500 NS	$5.05M CNY	0.067%	CN
Aguas Andinas SA Aguas Andinas SA, Class A	—	— CL0000000035	EC CORP	13,523,912 NS	$5.10M CLP	0.068%	CL
British Pound	—	— —	STIV OTHER	4,882,595.04 OU	$6.63M GBP	0.089%	GB
Beijing Enterprises Water Group Ltd.	—	— BMG0957L1090	EC CORP	18,924,000 NS	$6.67M HKD	0.089%	CN
BOFA SECURITIES, INC Other Repurchase Agreement	—	— —	RA CORP	8,000,000 PA	$8.00M	0.107%	US
Yunnan Yuntianhua Co. Ltd. Yunnan Yuntianhua Co. Ltd., Class A	—	— CNE000000S01	EC CORP	1,540,500 NS	$8.16M CNY	0.109%	CN
Cia de Saneamento de Minas Gerais Copasa MG	—	— BRCSMGACNOR5	EC CORP	889,900 NS	$9.65M BRL	0.129%	BR
Cia De Sanena Do Parana	—	— BRSAPRCDAM13	EC CORP	1,215,800 NS	$9.89M BRL	0.132%	BR
Stella-Jones, Inc.	—	85853F105 CA85853F1053	EC CORP	182,977 NS	$11.30M CAD	0.151%	CA
Holmen AB Holmen AB, Class B	—	— SE0011090018	EC CORP	335,913 NS	$11.53M SEK	0.154%	SE
Zijin Mining Group Co. Ltd. Zijin Mining Group Co. Ltd., Class A	—	— CNE100000B24	EC CORP	2,457,900 NS	$11.98M CNY	0.160%	CN
Guangdong Investment Ltd.	—	— HK0270001396	EC CORP	12,614,000 NS	$13.17M HKD	0.176%	CN
West Fraser Timber Co. Ltd.	WFG	952845105 CA9528451052	EC CORP	210,287 NS	$13.29M CAD	0.177%	CA
Klabin SA	—	— BRKLBNCDAM18	EC CORP	4,096,500 NS	$14.37M BRL	0.192%	BR
CF SECURED LLC Treasury Repurchase Agreement	—	— —	RA CORP	14,724,680.19 PA	$14.72M	0.196%	US
Golden Agri-Resources Ltd.	—	— MU0117U00026	EC CORP	64,178,500 NS	$15.87M SGD	0.212%	ID
Rayonier, Inc.	RYN	754907103 US7549071030	EC CORP	827,493 NS	$17.55M	0.234%	US
China Petroleum & Chemical Corp. China Petroleum & Chemical Corp., Class H	—	— CNE1000002Q2	EC CORP	30,082,000 NS	$17.70M HKD	0.236%	CN
UFP Industries, Inc.	UFPI	90278Q108 US90278Q1085	EC CORP	199,363 NS	$17.84M	0.238%	US
Pennon Group plc	—	— GB00BNNTLN49	EC CORP	2,395,087 NS	$17.88M GBP	0.239%	GB
Expand Energy Corp.	EXE	165167735 US1651677353	EC CORP	182,977 NS	$18.69M	0.249%	US
Santos Ltd.	—	— AU000000STO6	EC CORP	3,285,393 NS	$18.90M AUD	0.252%	AU
Texas Pacific Land Corp.	TPL	88262P102 US88262P1021	EC CORP	43,696 NS	$19.39M	0.259%	US
Mondi plc	—	— GB00BMWC6P49	EC CORP	1,892,583 NS	$19.50M GBP	0.260%	AT