MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
-3.33%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.2B
AUM Growth
+$7.2B
Cap. Flow
+$406M
Cap. Flow %
5.64%
Top 10 Hldgs %
61.68%
Holding
51
New
–
Increased
11
Reduced
11
Closed
2

Top Buys

1
SPTL icon
SPDR Portfolio Long Term Treasury ETF
SPTL
$178M
2
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$166M
3
SPTI icon
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$165M
4
IVV icon
iShares Core S&P 500 ETF
IVV
$101M
5
MBB icon
iShares MBS ETF
MBB
$71.2M

Top Sells

1
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
$101M
2
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$72.5M
3
EWJV icon
iShares MSCI Japan Value ETF
EWJV
$47.1M
4
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
$36.9M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
$35.7M

Sector Composition

1 Materials 0.45%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
FLCA icon
26
Franklin FTSE Canada ETF
FLCA
$461M
$79.1M 1.1% 2,627,161 – –
RING icon
27
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$72.8M 1.01% 3,516,117 +261,780 +8% +$5.42M
XTWO icon
28
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$138M
$56M 0.78% 1,144,713 – –
VGLT icon
29
Vanguard Long-Term Treasury ETF
VGLT
$9.84B
$45.8M 0.64% 825,127 +56,797 +7% +$3.15M
BBAX icon
30
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$5.46B
$41M 0.57% 910,009 -400,590 -31% -$18M
XBB icon
31
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$317M
$38M 0.53% 996,434 – –
XFIV icon
32
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$182M
$33.4M 0.46% 704,064 – –
GATO
33
DELISTED
Gatos Silver, Inc.
GATO
$32.1M 0.45% 6,205,259 – –
XLE icon
34
Energy Select Sector SPDR Fund
XLE
$27.6B
$30.1M 0.42% 332,805 – –
IJR icon
35
iShares Core S&P Small-Cap ETF
IJR
$85.2B
$24.3M 0.34% 257,838 – –
TLT icon
36
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$20.6M 0.29% 232,776 – –
XTRE icon
37
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
XTRE
$177M
$19.5M 0.27% 402,313 – –
XSVN icon
38
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$133M
$18.6M 0.26% 403,857 – –
XTEN icon
39
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$730M
$17.9M 0.25% 403,452 – –
STIP icon
40
iShares 0-5 Year TIPS Bond ETF
STIP
$12.7B
$16.7M 0.23% 172,256 -238 -0.1% -$23.1K
XTWY icon
41
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
XTWY
$58.5M
$16.6M 0.23% 420,244 – –
XB icon
42
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$32.8M
$10.1M 0.14% 266,860 – –
GDXJ icon
43
VanEck Junior Gold Miners ETF
GDXJ
$6.6B
$7.55M 0.1% 234,159 – –
SPSB icon
44
SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$8.42B
$7.03M 0.1% 239,775 – –
SPIB icon
45
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$10.7B
$4.63M 0.06% 147,168 +7,976 +6% +$251K
XCCC icon
46
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$178M
$4.55M 0.06% 121,654 – –
HYBB icon
47
iShares BB Rated Corporate Bond ETF
HYBB
$283M
$1.34M 0.02% 30,699 -6,331 -17% -$277K
MLKN icon
48
MillerKnoll
MLKN
$1.43B
$2K ﹤0.01% 102 – –
LEMB icon
49
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$391M
$1K ﹤0.01% 28 – –
HYG icon
50
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
– – -67,440 Closed -$5.06M
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