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Form N-PX · fund seriesSEC series no. S000033315

FlexShares Morningstar Global Upstream Natural Resources Index Fund

A series of FLEXSHARES TRUST

Vote records
2,058year to 30 June 2026
Against management
10.6%195 of 1,842 marked votes
Say-on-pay support
92.6%for, of for + against + abstain
Shareholder-proposal support
31.3%for, of for + against + abstain

FlexShares Morningstar Global Upstream Natural Resources Index Fund is a series of FLEXSHARES TRUST. For the year to 30 June 2026 its registrant reported 2,058 vote records for the series; 10.6% of the votes marked for or against management went against management. It voted for 92.6% of say-on-pay items and for 31.3% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantNorthern Trust and FlexSharesMedian fund registrant
Against-management share10.6%10.6%10.3%6.2%
Say-on-pay support rate92.6%89.9%85.5%91.6%
Shareholder-proposal support rate31.3%44.8%45.8%27.5%

Votes by category

foragainstabstain, withhold or otheramber tick: the portion cast against management

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS905811424.9%
SECTION 14A SAY-ON-PAY VOTES302626.7%
AUDIT-RELATED12812253.3%
SHAREHOLDER RIGHTS AND DEFENSES53125.0%
EXTRAORDINARY TRANSACTIONS60184270.0%
CAPITAL STRUCTURE194178168.2%
COMPENSATION2001663217.8%
CORPORATE GOVERNANCE4443776312.8%
ENVIRONMENT OR CLIMATE15786.7%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE5230.0%
DIVERSITY, EQUITY, AND INCLUSION3210.0%
OTHER SOCIAL ISSUES12930.0%
OTHER1610620.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20241,9996.5%94.3%50.0%
year to 30 June 20251,9677.5%93.9%57.8%
year to 30 June 20262,05810.6%92.6%31.3%

Questions

How often did FlexShares Morningstar Global Upstream Natural Resources Index Fund vote against management?

10.6% of the votes its registrant marked for or against management in the year to 30 June 2026 (195 of 1,842).

How did FlexShares Morningstar Global Upstream Natural Resources Index Fund vote on executive pay?

It voted for 25 of 27 say-on-pay items cast for, against or abstain (92.6%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by FLEXSHARES TRUST, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by FLEXSHARES TRUST (filer no. 1491978); votes attributed to series S000033315 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.