MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+5.22%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$8.31B
AUM Growth
+$8.31B
Cap. Flow
+$49.1M
Cap. Flow %
0.59%
Top 10 Hldgs %
76.6%
Holding
48
New
2
Increased
8
Reduced
5
Closed
3

Top Buys

1
SPIB icon
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$430M
2
VGK icon
Vanguard FTSE Europe ETF
VGK
$186M
3
FALN icon
iShares Fallen Angels USD Bond ETF
FALN
$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
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$399M
2
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
$126M
3
MTBA icon
Simplify MBS ETF
MTBA
$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 Shares
Change % 		Capital Flow
QVML icon
1
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$1.25B 15.04% 34,132,010 – –
SPTI icon
2
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$1.03B 12.42% 35,861,653 – –
IVV icon
3
iShares Core S&P 500 ETF
IVV
$662B
$920M 11.07% 1,481,662 +30,900 +2% +$19.2M
VGK icon
4
Vanguard FTSE Europe ETF
VGK
$26.8B
$685M 8.24% 8,835,451 +2,400,165 +37% +$186M
SPTS icon
5
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$643M 7.73% 21,942,738 +13,661 +0.1% +$400K
SCHP icon
6
Schwab US TIPS ETF
SCHP
$13.9B
$438M 5.27% 16,401,227 – –
SPIB icon
7
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$10.7B
$435M 5.24% 12,968,096 +12,803,930 +7,799% +$430M
QVMM icon
8
Invesco QQQ Trust Series 1
QVMM
$368M
$342M 4.11% 11,882,576 – –
SPTL icon
9
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.4B
$336M 4.04% 12,629,575 -2,251,407 -15% -$59.8M
IEMG icon
10
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$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 +25% +$56.4M
XBB icon
12
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$317M
$256M 3.09% 6,227,640 – –
XEMD icon
13
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$203M 2.44% 4,698,046 – –
QVMS icon
14
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$183M 2.2% 7,114,414 – –
SPHY icon
15
SPDR Portfolio High Yield Bond ETF
SPHY
$9.12B
$142M 1.71% 5,954,325 – –
FLCA icon
16
Franklin FTSE Canada ETF
FLCA
$461M
$116M 1.39% 2,773,743 – –
PICK icon
17
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$114M 1.37% 3,032,992 – –
FALN icon
18
iShares Fallen Angels USD Bond ETF
FALN
$1.87B
$94.4M 1.14% +3,476,559 New +$94.4M
BBCA icon
19
JPMorgan BetaBuilders Canada ETF
BBCA
$8.68B
$75.9M 0.91% +940,556 New +$75.9M
RING icon
20
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$60.1M 0.72% 1,372,210 -529,701 -28% -$23.2M
XONE icon
21
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$58.5M 0.7% 1,178,547 -1,209,433 -51% -$60M
AG icon
22
First Majestic Silver
AG
$4.47B
$50.9M 0.61% 6,151,289 -972,121 -14% -$8.04M
XFIV icon
23
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$182M
$34.7M 0.42% 704,064 – –
XLE icon
24
Energy Select Sector SPDR Fund
XLE
$27.6B
$30.5M 0.37% 360,126 +98,569 +38% +$8.36M
ICOP icon
25
iShares Copper and Metals Mining ETF
ICOP
$76.1M
$23.5M 0.28% 784,271 +227,272 +41% +$6.8M
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