FlexShares Trust - FlexShares Quality Dividend Defensive Index Fund
US ˙ ARCA

SecurityQDEF / FlexShares Trust - FlexShares Quality Dividend Defensive Index Fund
InstitutionMorgan Stanley
Latest Disclosed Ownership68,953 shares
Latest Disclosed Value $ 5,503,832
Morgan Stanley reports 0.93% decrease in ownership of QDEF / FlexShares Trust - FlexShares Quality Dividend Defensive Index Fund

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 68,953 shares of FlexShares Trust - FlexShares Quality Dividend Defensive Index Fund (US:QDEF) valued at $5,503,828 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 69,603 shares of FlexShares Trust - FlexShares Quality Dividend Defensive Index Fund. This represents a change in shares of -0.93% during the quarter. The current value of the position is $6,072,243 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 68,953 -650 -0.93 5,504 -2.34 0.0003
2026-05-27 2025-12-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 69,603 -575 -0.82 5,635 0.39 0.0003
2026-02-13 2025-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 69,603 -575 5,635 0.0003
2026-05-27 2025-09-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 70,178 39,226 126.73 5,613 144.90 0.0003
2025-11-14 2025-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 70,178 39,226 5,613 0.0003
2025-08-15 2025-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 30,952 -1,724 -5.28 2,292 0.39 0.0001
2025-05-15 2025-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 32,676 -3,146 -8.78 2,284 -9.22 0.0002
2025-05-15 2024-12-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 35,822 1,900 5.60 2,516 3.71 0.0002
2025-02-14 2024-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 35,822 1,900 2,516 0.0002
2025-05-14 2024-09-30 13F/A-2 FLEXSHARES TR QLT DIV DEF IDX 33939L845 33,922 -7,726 -18.55 2,426 -11.17 0.0002
2025-02-14 2024-09-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 33,922 -7,726 2,426 0.0002
2024-11-14 2024-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 33,922 -7,726 2,426 0.0000
2025-05-14 2024-06-30 13F/A-2 FLEXSHARES TR QLT DIV DEF IDX 33939L845 41,648 -2,120 -4.84 2,730 -2.85 0.0002
2024-10-17 2024-06-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 41,648 -2,120 2,730 0.0002
2024-08-14 2024-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 41,648 -2,120 2,730 0.0002
2024-10-17 2024-03-31 13F/A-2 FLEXSHARES TR QLT DIV DEF IDX 33939L845 43,768 -3,381 -7.17 2,810 0.93 0.0002
2024-08-16 2024-03-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 43,768 -3,381 2,810 0.0000
2024-05-15 2024-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 43,768 -3,381 2,810 0.0002
2024-08-16 2023-12-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 47,149 -156 -0.33 2,785 8.84 0.0002
2024-02-13 2023-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 47,149 -156 2,785 0.0002
2023-11-15 2023-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 47,305 -4,971 -9.51 2,559 -12.46 0.0003
2023-08-14 2023-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 52,276 -9,285 -15.08 2,922 -10.31 0.0003
2023-05-15 2023-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 61,561 -7,622 -11.02 3,259 -8.46 0.0003
2023-02-14 2022-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 69,183 1,129 1.66 3,559 13.85 0.0004
2022-11-14 2022-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 68,054 -1,698 -2.43 3,126 -10.38 0.0004
2022-10-27 2022-06-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 69,752 505 0.73 3,488 -10.86 0.0005
2022-08-15 2022-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 69,752 505 3,488 0.0001
2022-10-27 2022-03-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 69,247 2,489 3.73 3,913 -0.99 0.0005
2022-05-13 2022-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 69,247 2,489 3,913 0.0005
2022-02-14 2021-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 66,758 -407 -0.61 3,952 10.70 0.0005
2021-11-15 2021-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 67,165 3,692 5.82 3,570 4.57 0.0005
2021-08-23 2021-06-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 63,473 1,360 2.19 3,414 7.49 0.0005
2021-08-16 2021-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 63,473 1,360 3,414 0.0001
2021-05-17 2021-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 62,113 -16,657 -21.15 3,176 -15.87 0.0005
2021-02-16 2020-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 78,770 5,060 6.86 3,775 15.83 0.0006
2020-11-13 2020-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 73,710 2,368 3.32 3,259 9.22 0.0006
2020-08-14 2020-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 71,342 -14,216 -16.62 2,984 -4.21 0.0007
2020-05-26 2020-03-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 85,558 -27,890 -24.58 3,115 -42.56 0.0008
2020-05-15 2020-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 85,558 -27,890 3,115 239.2969
2020-02-14 2019-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 113,448 22,061 24.14 5,423 29.80 0.0013
2019-11-14 2019-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 91,387 5,446 6.34 4,178 8.10 0.0011
2019-08-14 2019-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 85,941 17,526 25.62 3,865 26.51 0.0010
2019-05-15 2019-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 68,415 6,051 9.70 3,055 23.88 0.0009
2019-02-14 2018-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 62,364 36,549 141.58 2,466 104.14 0.0007
2019-04-23 2018-09-30 13F/A-2 FLEXSHARES TR QLT DIV DEF IDX 33939L845 25,815 9,338 56.67 1,208 64.80 0.0003
2018-11-20 2018-09-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 25,815 0 1,208 0.0003
2018-11-14 2018-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 25,815 9,338 1,208
2019-04-23 2018-06-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 16,477 1,406 9.33 733 13.29 0.0002
2018-08-14 2018-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 16,477 1,406 733
2019-04-23 2018-03-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 15,071 -724 -4.58 647 -7.17 0.0002
2018-05-14 2018-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 15,071 -724 647
2019-04-23 2017-12-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 15,795 -293 -1.82 697 4.34 0.0002
2018-02-14 2017-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 15,795 -293 697
2017-11-14 2017-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 16,088 129 0.81 668 3.41 0.0002
2017-08-11 2017-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 15,959 1,437 9.90 646 11.00 0.0002
2017-05-22 2017-03-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 14,522 3,071 26.82 582 30.79 0.0002
2017-05-12 2017-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 14,522 582
2017-02-22 2016-12-31 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 11,451 584 5.37 445 8.80 0.0001
2017-02-13 2016-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 11,451 445
2016-11-10 2016-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 10,867 7,877 263.44 409 271.82 0.0001
2016-08-12 2016-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 2,990 -5,226 -63.61 110 -62.84 0.0000
2016-05-12 2016-03-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 8,216 4,911 148.59 296 159.65 0.0001
2016-02-09 2015-12-31 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 3,305 2,988 942.59 114 936.36 0.0000
2016-02-08 2015-09-30 13F/A-1 FLEXSHARES TR QLT DIV DEF IDX 33939L845 317 197 164.17 11 175.00 0.0000
2015-11-09 2015-09-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 317 11
2015-08-12 2015-06-30 13F FLEXSHARES TR QLT DIV DEF IDX 33939L845 120 120 4 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.