MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+1.55%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$5.97B
AUM Growth
+$5.97B
Cap. Flow
+$700M
Cap. Flow %
11.74%
Top 10 Hldgs %
86.93%
Holding
31
New
6
Increased
13
Reduced
6
Closed
4

Top Buys

1
EBND icon
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$168M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$163M
3
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
$125M
4
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$79.1M
5
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
$74.5M

Top Sells

1
IVV icon
iShares Core S&P 500 ETF
IVV
$58M
2
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
$52.2M
3
IJR icon
iShares Core S&P Small-Cap ETF
IJR
$49.6M
4
IEUR icon
iShares Core MSCI Europe ETF
IEUR
$30.6M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
$22.4M

Sector Composition

1 Materials 1.04%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$662B
$2.05B 34.33% 5,148,099 -145,708 -3% -$58M
SPTS icon
2
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$785M 13.16% 25,603,639 +2,578,588 +11% +$79.1M
SPTI icon
3
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$646M 10.83% 20,134,895 +2,132,196 +12% +$68.4M
IJH icon
4
iShares Core S&P Mid-Cap ETF
IJH
$100B
$452M 7.58% 1,738,231 -200,737 -10% -$52.2M
EMB icon
5
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$414M 6.93% 3,798,039 +1,494,483 +65% +$163M
BBJP icon
6
JPMorgan BetaBuilders Japan ETF
BBJP
$13.8B
$204M 3.41% 7,152,390 – –
IEMG icon
7
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$186M 3.11% 2,882,866 +572,097 +25% +$36.8M
EBND icon
8
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.06B
$168M 2.82% +6,460,691 New +$168M
TLT icon
9
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$147M 2.46% 1,084,464 +550,055 +103% +$74.5M
SPTL icon
10
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.4B
$136M 2.29% 3,501,485 +1,419,318 +68% +$55.3M
VGK icon
11
Vanguard FTSE Europe ETF
VGK
$26.8B
$132M 2.21% 2,089,281 +9,100 +0.4% +$573K
IEF icon
12
iShares 7-10 Year Treasury Bond ETF
IEF
$35.7B
$125M 2.09% +1,105,412 New +$125M
MBB icon
13
iShares MBS ETF
MBB
$41B
$87.2M 1.46% 804,040 +350,029 +77% +$38M
PICK icon
14
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$67.9M 1.14% 1,611,938 -9,955 -0.6% -$419K
GATO
15
DELISTED
Gatos Silver, Inc.
GATO
$61.9M 1.04% 6,205,259 – –
USHY icon
16
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.3B
$57.2M 0.96% 1,389,392 -542,927 -28% -$22.4M
LEMB icon
17
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$391M
$50.4M 0.85% +1,185,958 New +$50.4M
HYBB icon
18
iShares BB Rated Corporate Bond ETF
HYBB
$283M
$38.8M 0.65% 752,449 +251,628 +50% +$13M
FALN icon
19
iShares Fallen Angels USD Bond ETF
FALN
$1.87B
$27.4M 0.46% 935,987 +6,614 +0.7% +$193K
IJR icon
20
iShares Core S&P Small-Cap ETF
IJR
$85.2B
$26.8M 0.45% 247,276 -457,413 -65% -$49.6M
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$26.7M 0.45% 977,753 +219,298 +29% +$6M
STIP icon
22
iShares 0-5 Year TIPS Bond ETF
STIP
$12.7B
$22.3M 0.37% 210,897 +108,351 +106% +$11.5M
SPIB icon
23
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$10.7B
$19.9M 0.33% +548,963 New +$19.9M
XLE icon
24
Energy Select Sector SPDR Fund
XLE
$27.6B
$19M 0.32% 386,298 -86,102 -18% -$4.22M
SPSB icon
25
SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$8.42B
$11.5M 0.19% +366,210 New +$11.5M
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