MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
1-Year Est. Return 8.76%
This Quarter Est. Return
1 Year Est. Return
+8.76%
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$8.31B
AUM Growth
+$412M
Cap. Flow
Cap. Flow %
Top 10 Hldgs %
Holding
48
New
Increased
Reduced
Closed

Top Buys

1
+$430M
2
+$186M
3
+$94.4M
4
BBCA icon
JPMorgan BetaBuilders Canada ETF
BBCA
+$75.9M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$56.4M

Top Sells

1
+$399M
2
+$126M
3
+$119M
4
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
+$60M
5
SPTL icon
SPDR Portfolio Long Term Treasury ETF
SPTL
+$59.8M

Sector Composition

1 Materials 0.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QVML icon
1
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.42B
$1.25B 15.04%
34,132,010
SPTI icon
2
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.26B
$1.03B 12.42%
35,861,653
IVV icon
3
iShares Core S&P 500 ETF
IVV
$660B
$920M 11.07%
1,481,662
+30,900
VGK icon
4
Vanguard FTSE Europe ETF
VGK
$27.4B
$685M 8.24%
8,835,451
+2,400,165
SPTS icon
5
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.78B
$643M 7.73%
21,942,738
+13,661
SCHP icon
6
Schwab US TIPS ETF
SCHP
$14.4B
$438M 5.27%
16,401,227
SPIB icon
7
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$10.8B
$435M 5.24%
12,968,096
+12,803,930
QVMM icon
8
Invesco QQQ Trust Series 1
QVMM
$391M
$342M 4.11%
11,882,576
SPTL icon
9
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.9B
$336M 4.04%
12,629,575
-2,251,407
IEMG icon
10
iShares Core MSCI Emerging Markets ETF
IEMG
$111B
$287M 3.45%
4,773,111
IJH icon
11
iShares Core S&P Mid-Cap ETF
IJH
$100B
$283M 3.4%
4,555,207
+909,298
XBB icon
12
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$316M
$256M 3.09%
6,227,640
XEMD icon
13
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$439M
$203M 2.44%
4,698,046
QVMS icon
14
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$215M
$183M 2.2%
7,114,414
SPHY icon
15
SPDR Portfolio High Yield Bond ETF
SPHY
$9.24B
$142M 1.71%
5,954,325
FLCA icon
16
Franklin FTSE Canada ETF
FLCA
$549M
$116M 1.39%
2,773,743
PICK icon
17
iShares MSCI Global Metals & Mining Producers ETF
PICK
$914M
$114M 1.37%
3,032,992
FALN icon
18
iShares Fallen Angels USD Bond ETF
FALN
$1.82B
$94.4M 1.14%
+3,476,559
BBCA icon
19
JPMorgan BetaBuilders Canada ETF
BBCA
$9B
$75.9M 0.91%
+940,556
RING icon
20
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$60.1M 0.72%
1,372,210
-529,701
XONE icon
21
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$652M
$58.5M 0.7%
1,178,547
-1,209,433
AG icon
22
First Majestic Silver
AG
$7.29B
$50.9M 0.61%
6,151,289
-972,121
XFIV icon
23
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$223M
$34.7M 0.42%
704,064
XLE icon
24
Energy Select Sector SPDR Fund
XLE
$25.9B
$30.5M 0.37%
360,126
+98,569
ICOP icon
25
iShares Copper and Metals Mining ETF
ICOP
$96.1M
$23.4M 0.28%
784,271
+227,272
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