MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
-12.38%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$5.42B
AUM Growth
+$5.42B
Cap. Flow
-$338M
Cap. Flow %
-6.24%
Top 10 Hldgs %
75.52%
Holding
39
New
11
Increased
7
Reduced
15
Closed
1

Top Buys

1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$503M
2
ISVL icon
iShares International Developed Small Cap Value Factor ETF
ISVL
$130M
3
FLCA icon
Franklin FTSE Canada ETF
FLCA
$80.8M
4
QVMM icon
Invesco QQQ Trust Series 1
QVMM
$54.6M
5
QVMS icon
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$50M

Top Sells

1
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
$400M
2
SPTI icon
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$215M
3
IVV icon
iShares Core S&P 500 ETF
IVV
$200M
4
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$197M
5
VGK icon
Vanguard FTSE Europe ETF
VGK
$81.4M

Sector Composition

1 Materials 0.33%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$662B
$983M 18.13% 2,592,114 -527,779 -17% -$200M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$690M 12.73% 30,524,224 +216,198 +0.7% +$4.89M
IPAC icon
3
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$503M 9.29% +9,683,060 New +$503M
SPTI icon
4
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$402M 7.42% 13,642,882 -7,281,884 -35% -$215M
SPTS icon
5
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$372M 6.86% 12,617,679 -6,702,663 -35% -$197M
IEMG icon
6
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$285M 5.26% 5,813,266 -904,790 -13% -$44.4M
QVMM icon
7
Invesco QQQ Trust Series 1
QVMM
$368M
$225M 4.14% 10,660,518 +2,591,987 +32% +$54.6M
EMB icon
8
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$224M 4.13% 2,621,496 -872,398 -25% -$74.4M
VGIT icon
9
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$207M 3.83% 3,390,733 – –
IJH icon
10
iShares Core S&P Mid-Cap ETF
IJH
$100B
$202M 3.73% 894,162 – –
TLT icon
11
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$184M 3.39% 1,601,555 +40,337 +3% +$4.63M
ISVL icon
12
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$130M 2.4% +4,525,283 New +$130M
VGK icon
13
Vanguard FTSE Europe ETF
VGK
$26.8B
$114M 2.09% 2,149,063 -1,541,623 -42% -$81.4M
VGSH icon
14
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$105M 1.94% 1,790,364 – –
EMHC icon
15
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$100M 1.85% 4,321,486 -1,716,022 -28% -$39.8M
QVMS icon
16
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$92.5M 1.71% 4,394,681 +2,374,993 +118% +$50M
PICK icon
17
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$84.1M 1.55% 2,362,170 +669,038 +40% +$23.8M
FLCA icon
18
Franklin FTSE Canada ETF
FLCA
$461M
$80.8M 1.49% +2,646,280 New +$80.8M
EBND icon
19
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.06B
$65.9M 1.22% 3,224,783 -2,304,128 -42% -$47.1M
RING icon
20
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$57.9M 1.07% 2,659,227 +14,457 +0.5% +$315K
MBB icon
21
iShares MBS ETF
MBB
$41B
$49.9M 0.92% 511,755 -25,391 -5% -$2.48M
HYG icon
22
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$39.7M 0.73% +539,447 New +$39.7M
XBB icon
23
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$317M
$38.5M 0.71% +996,434 New +$38.5M
USHY icon
24
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.3B
$35.1M 0.65% +1,012,438 New +$35.1M
IEUR icon
25
iShares Core MSCI Europe ETF
IEUR
$6.85B
$30.7M 0.57% +682,819 New +$30.7M
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