MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
-6.06%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$5.6B
AUM Growth
+$5.6B
Cap. Flow
+$510M
Cap. Flow %
9.11%
Top 10 Hldgs %
72.3%
Holding
47
New
9
Increased
10
Reduced
5
Closed
–

Top Buys

1
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
$173M
2
XEMD icon
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$167M
3
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$155M
4
XTWO icon
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$34.8M
5
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$33.8M

Top Sells

1
SPTI icon
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$88.4M
2
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$59.7M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
$38M
4
IVV icon
iShares Core S&P 500 ETF
IVV
$359
5
XLE icon
Energy Select Sector SPDR Fund
XLE
$144

Sector Composition

1 Materials 0.3%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$662B
$930M 16.59% 2,592,113 -1 -0% -$359
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$658M 11.74% 30,792,365 +268,141 +0.9% +$5.73M
IPAC icon
3
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$619M 11.05% 12,911,842 +3,228,782 +33% +$155M
IEMG icon
4
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$423M 7.56% 9,849,340 +4,036,074 +69% +$173M
SPTS icon
5
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$305M 5.44% 10,552,508 -2,065,171 -16% -$59.7M
SPTI icon
6
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$295M 5.27% 10,499,797 -3,143,085 -23% -$88.4M
QVMM icon
7
Invesco QQQ Trust Series 1
QVMM
$368M
$219M 3.91% 10,742,276 +81,758 +0.8% +$1.67M
EMB icon
8
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$208M 3.71% 2,621,496 – –
VGIT icon
9
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$198M 3.53% 3,390,733 – –
IJH icon
10
iShares Core S&P Mid-Cap ETF
IJH
$100B
$196M 3.5% 894,162 – –
XEMD icon
11
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$167M 2.98% +4,403,623 New +$167M
TLT icon
12
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$126M 2.25% 1,230,585 -370,970 -23% -$38M
ISVL icon
13
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$117M 2.09% 4,525,283 – –
VGSH icon
14
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$103M 1.85% 1,790,364 – –
VGK icon
15
Vanguard FTSE Europe ETF
VGK
$26.8B
$99.6M 1.78% 2,158,529 +9,466 +0.4% +$437K
EMHC icon
16
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$95.3M 1.7% 4,361,526 +40,040 +0.9% +$875K
QVMS icon
17
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$88.4M 1.58% 4,421,823 +27,142 +0.6% +$542K
PICK icon
18
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$80.4M 1.43% 2,362,170 – –
FLCA icon
19
Franklin FTSE Canada ETF
FLCA
$461M
$74.4M 1.33% 2,646,280 – –
EBND icon
20
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.06B
$61.2M 1.09% 3,224,783 – –
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$53.9M 0.96% 2,875,514 +216,287 +8% +$4.06M
MBB icon
22
iShares MBS ETF
MBB
$41B
$49.1M 0.88% 535,595 +23,840 +5% +$2.18M
HYG icon
23
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$38.5M 0.69% 539,447 – –
XBB icon
24
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$317M
$37.4M 0.67% 996,434 – –
XTWO icon
25
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$138M
$34.8M 0.62% +702,414 New +$34.8M
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