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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.58B
AUM Growth
+$374M
Cap. Flow
-$38.4M
Cap. Flow %
-0.51%
Top 10 Hldgs %
67.66%
Holding
49
New
–
Increased
20
Reduced
9
Closed
–

Top Buys

Rank Stock Value
1
MTBA icon
Simplify MBS ETF
MTBA
+$99.5M
2
XEMD icon
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
+$5.24M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$3.46M
4
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$2.78M
5
XBB icon
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
+$1.21M

Top Sells

Rank Stock Value
1
RING icon
iShares MSCI Global Gold Miners ETF
RING
+$53.2M
2
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
+$39.6M
3
EMHC icon
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
+$39M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$19.4M
5
SPHY icon
State Street SPDR Portfolio High Yield Bond ETF
SPHY
+$5.6M

Sector Composition

Rank Sector Weight
1 Materials 1.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BBAX icon
26
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$6.8B
$49.2M 0.65%
910,009
– –
XBB icon
27
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$519M
$42.7M 0.56%
1,037,817
+29,865
+3% +$1.21M
XFIV icon
28
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$324M
$35.2M 0.46%
704,064
– –
SPHY icon
29
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$12B
$29.8M 0.39%
1,238,276
-237,467
-16% -$5.6M
XLE icon
30
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$27.3M 0.36%
622,456
+77,360
+14% +$3.46M
XHLF icon
31
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.99B
$22.6M 0.3%
448,334
– –
XTWO icon
32
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$210M
$20.8M 0.27%
416,558
– –
XTRE icon
33
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
XTRE
$165M
$20.1M 0.27%
402,313
– –
XSVN icon
34
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$391M
$19.8M 0.26%
403,857
– –
XTEN icon
35
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.04B
$19.5M 0.26%
403,452
– –
XTWY icon
36
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
XTWY
$245M
$18.5M 0.24%
420,244
– –
SPYM
37
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
$12.7M 0.17%
188,205
-116
-0.1% -$7.54K
STIP icon
38
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$12.2M 0.16%
120,426
+11,154
+10% +$1.12M
XB icon
39
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$72.3M
$10.7M 0.14%
266,860
– –
SPDW icon
40
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.9B
$10.4M 0.14%
276,169
+9,118
+3% +$329K
SPSB icon
41
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$7.86M 0.1%
259,709
+19,934
+8% +$598K
MBB icon
42
iShares MBS ETF
MBB
$39B
$7.67M 0.1%
80,099
+5,229
+7% +$494K
SPIB icon
43
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$5.36M 0.07%
159,059
+3,799
+2% +$126K
XCCC icon
44
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$268M
$4.84M 0.06%
121,654
– –
SPEM icon
45
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.7B
$4.54M 0.06%
110,056
-2,400
-2% -$92K
IJR icon
46
iShares Core S&P Small-Cap ETF
IJR
$112B
$2.42M 0.03%
20,736
+1
+0% +$113
SPMD icon
47
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$19B
$1.47M 0.02%
26,947
+1,283
+5% +$67.8K
HYBB icon
48
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$1.35M 0.02%
28,510
-6,561
-19% -$306K
SPSM icon
49
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.5B
$757K 0.01%
16,642
+655
+4% +$28.8K
1
2

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SFM
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AI
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HI
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PEA
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SUT
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WPL
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Municipal Employees' Retirement System of Michigan's Q3 2024 Portfolio in Review

As of Q3 2024, Municipal Employees' Retirement System of Michigan held 49 positions worth $7.58B, up 5.2% from $7.21B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Trading was light in Q3 2024: portfolio turnover was 0%. Municipal Employees' Retirement System of Michigan opened no new positions and made no exits, leaving the 49-position portfolio largely intact.

By sector, the portfolio is most concentrated in Materials at 1.2% of assets, up from 0.9% a quarter earlier.

  • Municipal Employees' Retirement System of Michigan added most to Simplify MBS ETF in Q3 2024, an estimated $99.5M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2024 reduction was iShares MSCI Global Gold Miners ETF, cutting an estimated $53.2M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 68% of its $7.58B portfolio in Q3 2024.
  • Municipal Employees' Retirement System of Michigan opened 0 new positions and closed 0 in Q3 2024.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 5.2% quarter-over-quarter to $7.58B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2024, filed 12 Nov 2024.