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      <regZipOrPostalCode>60603</regZipOrPostalCode>
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      <repPdEnd>2026-10-31</repPdEnd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FlexShares Credit-Scored US Corporate Bond Index Fund</name>
        <lei>549300EKPU2HRI5LC014</lei>
        <title>FlexShares Credit-Scored US Corporate Bond Index Fund</title>
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          <isin value="US33939L7617"/>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FlexShares Disciplined Duration MBS Index Fund</name>
        <lei>549300PAH536BT2V8S59</lei>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FlexShares Ultra-Short Income Fund</name>
        <lei>549300731Y7GX2UDFY78</lei>
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          <isin value="US33939L8862"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares 20+ Year Treasury Bond ETF</name>
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        <cusip>464287432</cusip>
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          <isin value="US4642874329"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares 7-10 Year Treasury Bond ETF</name>
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        <cusip>464287440</cusip>
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          <isin value="US4642874402"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares 1-3 Year Treasury Bond ETF</name>
        <lei>549300W0WX9TL4G6HM56</lei>
        <title>iShares 1-3 Year Treasury Bond ETF</title>
        <cusip>464287457</cusip>
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          <isin value="US4642874576"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares MBS ETF</name>
        <lei>549300M0TH0IE2E6RP07</lei>
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          <isin value="US4642885887"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares 5-10 Year Investment Grade Corporate Bond ETF</name>
        <lei>549300ZJOCMXQZ0RKQ84</lei>
        <title>iShares 5-10 Year Investment Grade Corporate Bond ETF</title>
        <cusip>464288638</cusip>
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          <isin value="US4642886380"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares 1-5 Year Investment Grade Corporate Bond ETF</name>
        <lei>549300T14S5IX7V5T008</lei>
        <title>iShares 1-5 Year Investment Grade Corporate Bond ETF</title>
        <cusip>464288646</cusip>
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          <isin value="US4642886463"/>
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        <balance>250.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares 3-7 Year Treasury Bond ETF</name>
        <lei>549300BUGBHWMFPSNL42</lei>
        <title>iShares 3-7 Year Treasury Bond ETF</title>
        <cusip>464288661</cusip>
        <identifiers>
          <isin value="US4642886612"/>
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        <balance>3295.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares 10+ Year Investment Grade Corporate Bond ETF</name>
        <lei>5493002XJCHL78PKW767</lei>
        <title>iShares 10+ Year Investment Grade Corporate Bond ETF</title>
        <cusip>464289511</cusip>
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          <isin value="US4642895118"/>
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        <balance>15.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares U.S. Treasury Bond ETF</name>
        <lei>549300YMK9GAMCTG8G20</lei>
        <title>iShares U.S. Treasury Bond ETF</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>912797SP3</cusip>
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          <isin value="US912797SP38"/>
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        <balance>140000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912797UK1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="TUM6COM"/>
          <other otherDesc="Future Ticker" value="TUM6 Comdty"/>
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        <balance>227.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-79239.80000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="USM6COM"/>
          <other otherDesc="Future Ticker" value="USM6 Comdty"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="UXYM6CM"/>
          <other otherDesc="Future Ticker" value="UXYM6 Comdty"/>
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              <counterpartyName>CME Clearing House</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
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          <other otherDesc="Future Ticker" value="WNM6 Comdty"/>
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              <counterpartyName>CME Clearing House</counterpartyName>
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                  <ticker value="WNM6 Comdty"/>
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      </invstOrSec>
    </invstOrSecs>
    <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>
