MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
-1.43%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$5.99B
AUM Growth
+$5.99B
Cap. Flow
-$1.31B
Cap. Flow %
-21.87%
Top 10 Hldgs %
84.95%
Holding
30
New
1
Increased
6
Reduced
9
Closed
3

Top Buys

1
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
$226M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
$110M
3
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
$2.1M
4
EMHC icon
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$1.7M
5
QVMM icon
Invesco QQQ Trust Series 1
QVMM
$571K

Top Sells

1
IVV icon
iShares Core S&P 500 ETF
IVV
$915M
2
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
$224M
3
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
$135M
4
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
$128M
5
SPTI icon
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$74.4M

Sector Composition

1 Materials 1.21%
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
$1.32B 21.97% 3,052,669 -2,124,790 -41% -$915M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$756M 12.63% 30,059,406 +83,387 +0.3% +$2.1M
SPTS icon
3
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$748M 12.5% 24,433,260 – –
SPTI icon
4
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$676M 11.29% 20,924,766 -2,301,319 -10% -$74.4M
IEMG icon
5
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$391M 6.53% 6,330,323 +3,666,747 +138% +$226M
EMB icon
6
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$302M 5.05% 2,746,761 -195,188 -7% -$21.5M
BBJP icon
7
JPMorgan BetaBuilders Japan ETF
BBJP
$13.8B
$241M 4.02% 4,095,539 -2,300,739 -36% -$135M
IJH icon
8
iShares Core S&P Mid-Cap ETF
IJH
$100B
$234M 3.92% 890,980 -852,006 -49% -$224M
TLT icon
9
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$225M 3.76% 1,561,218 -437,857 -22% -$63.2M
QVMM icon
10
Invesco QQQ Trust Series 1
QVMM
$368M
$196M 3.28% 8,042,641 +23,395 +0.3% +$571K
EMHC icon
11
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$178M 2.98% 5,908,448 +56,283 +1% +$1.7M
EBND icon
12
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.06B
$128M 2.14% 5,056,479 -917,145 -15% -$23.2M
VGSH icon
13
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$110M 1.84% +1,790,364 New +$110M
MBB icon
14
iShares MBS ETF
MBB
$41B
$73M 1.22% 674,662 – –
GATO
15
DELISTED
Gatos Silver, Inc.
GATO
$72.2M 1.21% 6,205,259 – –
PICK icon
16
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$65.7M 1.1% 1,611,938 – –
RING icon
17
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$60.8M 1.02% 2,472,074 – –
LEMB icon
18
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$391M
$50.2M 0.84% 1,185,958 – –
QVMS icon
19
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$49M 0.82% 2,013,462 +7,042 +0.4% +$171K
STIP icon
20
iShares 0-5 Year TIPS Bond ETF
STIP
$12.7B
$35.3M 0.59% 334,096 – –
IJR icon
21
iShares Core S&P Small-Cap ETF
IJR
$85.2B
$28M 0.47% 256,113 +1,150 +0.5% +$126K
XLE icon
22
Energy Select Sector SPDR Fund
XLE
$27.6B
$20.1M 0.34% 386,298 – –
HYBB icon
23
iShares BB Rated Corporate Bond ETF
HYBB
$283M
$12.8M 0.21% 244,328 -318,590 -57% -$16.7M
SPIB icon
24
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$10.7B
$6.48M 0.11% 177,379 – –
SPSB icon
25
SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$8.42B
$6.41M 0.11% 205,085 – –
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