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        <fairValLevel>2</fairValLevel>
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        <name>Ardonagh Finco Ltd.</name>
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        <name>Arko Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>LBM Acquisition LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BWX Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BWX Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BKV Upstream Midstream LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Baldwin Insurance Group Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banijay Entertainment SAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bausch Health Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BCPE Flavor Debt Merger Sub LLC and BCPE Flavor Issuer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beach Acquisition Bidco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beazer Homes USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Beazer Homes USA, Inc.</name>
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        <name>Bell Telephone Co. of Canada or Bell Canada</name>
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        <name>BellRing Brands, Inc.</name>
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        <name>Belo Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Belron UK Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Enpro, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EnQuest plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enova International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EquipmentShare.com, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Esab Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SK Invictus Intermediate II Sarl</name>
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        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Golar LNG Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Rithm Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordstrom, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Qnity Electronics, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Rfna LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Radiate Holdco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Radiology Partners, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Rain Carbon, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Upbound Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stonebriar ABF Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>StoneMor, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>StoneX Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stonex Escrow Issuer LLC</name>
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        <name>Stonepeak Nile Parent LLC</name>
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        <name>Sunoco LP</name>
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        <name>Sunoco LP</name>
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        <name>Synchrony Financial</name>
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        <title>Synchrony Financial</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Trivium Packaging Finance BV</name>
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        <name>Tutor Perini Corp.</name>
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        <name>Unisys Corp.</name>
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        <name>Uniti Group LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VOC Escrow Ltd.</name>
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        <name>Wabash National Corp.</name>
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        <name>Whirlpool Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NORDEA BANK ABP, NEW YORK BRANCH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OCBC NEW YORK</name>
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        <cusip>69033NPH2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>ROYAL BANK OF CANADA NY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROYAL BANK OF CANADA NY</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STANDARD CHARTERED NY</name>
        <lei>RILFO74KP1CM8P6PCT96</lei>
        <title>STANDARD CHARTERED BANK/NEW YORK CALLABLE CERTIFICATE OF DEPOSIT VARIABLE 18/SEP/2026 USD 1000</title>
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        <identifiers>
          <other otherDesc="Custodian Internal ID" value="85325VVH0"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUMITOMO MITSUI TRUST BANK LTD, LDN</name>
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        <title>SUMITOMO MITSUI TRUST BANK LTD/LONDON CERTIFICATE OF DEPOSIT FIXED 4% 24/JUN/2026 USD</title>
        <cusip>N/A</cusip>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>TORONTO DOMINION NY</name>
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        <cusip>89115DCC8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>TORONTO DOMINION NY</name>
        <lei>N/A</lei>
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        <cusip>89115DXV3</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESTPAC BKG CORP, NEW YORK</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>FlexShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Randal Rein</ncom:signature>
      <ncom:signerName>Randal Rein</ncom:signerName>
      <ncom:title>Treasurer and PFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
