MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+4.66%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.38B
AUM Growth
+$7.38B
Cap. Flow
+$918M
Cap. Flow %
12.44%
Top 10 Hldgs %
85.47%
Holding
32
New
5
Increased
8
Reduced
11
Closed
3

Top Buys

1
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
$751M
2
QVMM icon
Invesco QQQ Trust Series 1
QVMM
$200M
3
EMHC icon
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$180M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
$132M
5
SPTI icon
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$100M

Top Sells

1
SPTL icon
SPDR Portfolio Long Term Treasury ETF
SPTL
$140M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$96.3M
3
VGK icon
Vanguard FTSE Europe ETF
VGK
$92.1M
4
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
$57.2M
5
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
$42.7M

Sector Composition

1 Materials 1.47%
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
$2.23B 30.16% 5,177,459 +29,360 +0.6% +$12.6M
SPTI icon
2
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$752M 10.19% 23,226,085 +3,091,190 +15% +$100M
QVML icon
3
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$751M 10.18% +29,976,019 New +$751M
SPTS icon
4
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$749M 10.14% 24,433,260 -1,170,379 -5% -$35.9M
IJH icon
5
iShares Core S&P Mid-Cap ETF
IJH
$100B
$468M 6.35% 1,742,986 +4,755 +0.3% +$1.28M
BBJP icon
6
JPMorgan BetaBuilders Japan ETF
BBJP
$13.8B
$361M 4.9% 6,396,278 -756,112 -11% -$42.7M
EMB icon
7
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$331M 4.48% 2,941,949 -856,090 -23% -$96.3M
TLT icon
8
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$289M 3.91% 1,999,075 +914,611 +84% +$132M
QVMM icon
9
Invesco QQQ Trust Series 1
QVMM
$368M
$200M 2.72% +8,019,246 New +$200M
EMHC icon
10
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$180M 2.45% +5,852,165 New +$180M
IEMG icon
11
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$178M 2.42% 2,663,576 -219,290 -8% -$14.7M
EBND icon
12
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.06B
$158M 2.14% 5,973,624 -487,067 -8% -$12.9M
IEF icon
13
iShares 7-10 Year Treasury Bond ETF
IEF
$35.7B
$128M 1.73% 1,105,412 – –
GATO
14
DELISTED
Gatos Silver, Inc.
GATO
$109M 1.47% 6,205,259 – –
MBB icon
15
iShares MBS ETF
MBB
$41B
$73M 0.99% 674,662 -129,378 -16% -$14M
PICK icon
16
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$72.8M 0.99% 1,611,938 – –
RING icon
17
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$69.2M 0.94% 2,472,074 +1,494,321 +153% +$41.8M
LEMB icon
18
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$391M
$51.8M 0.7% 1,185,958 – –
QVMS icon
19
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$50.2M 0.68% +2,006,420 New +$50.2M
VGK icon
20
Vanguard FTSE Europe ETF
VGK
$26.8B
$48.5M 0.66% 720,364 -1,368,917 -66% -$92.1M
STIP icon
21
iShares 0-5 Year TIPS Bond ETF
STIP
$12.7B
$35.5M 0.48% 334,096 +123,199 +58% +$13.1M
HYBB icon
22
iShares BB Rated Corporate Bond ETF
HYBB
$283M
$29.5M 0.4% 562,918 -189,531 -25% -$9.93M
IJR icon
23
iShares Core S&P Small-Cap ETF
IJR
$85.2B
$28.8M 0.39% 254,963 +7,687 +3% +$868K
XLE icon
24
Energy Select Sector SPDR Fund
XLE
$27.6B
$20.8M 0.28% 386,298 – –
SPIB icon
25
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$10.7B
$6.51M 0.09% 177,379 -371,584 -68% -$13.6M
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