MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+7.77%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$6.19B
AUM Growth
+$6.19B
Cap. Flow
+$190M
Cap. Flow %
3.06%
Top 10 Hldgs %
71.97%
Holding
47
New
–
Increased
11
Reduced
7
Closed
1

Top Buys

1
VGK icon
Vanguard FTSE Europe ETF
VGK
$129M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$63M
3
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
$54M
4
FLCA icon
Franklin FTSE Canada ETF
FLCA
$9.39M
5
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
$9.04M

Top Sells

1
IVV icon
iShares Core S&P 500 ETF
IVV
$46M
2
IEUR icon
iShares Core MSCI Europe ETF
IEUR
$27M
3
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$9.64M
4
PICK icon
iShares MSCI Global Metals & Mining Producers ETF
PICK
$3.98M
5
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$1.52M

Sector Composition

1 Materials 0.41%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$662B
$950M 15.33% 2,472,388 -119,725 -5% -$46M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$717M 11.58% 31,064,001 +271,636 +0.9% +$6.27M
IPAC icon
3
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$683M 11.03% 12,732,147 -179,695 -1% -$9.64M
IEMG icon
4
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$514M 8.3% 11,005,033 +1,155,693 +12% +$54M
SPTS icon
5
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$303M 4.9% 10,500,022 -52,486 -0.5% -$1.52M
SPTI icon
6
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$297M 4.79% 10,499,797 – –
EMB icon
7
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$285M 4.6% 3,366,467 +744,971 +28% +$63M
VGK icon
8
Vanguard FTSE Europe ETF
VGK
$26.8B
$249M 4.01% 4,484,595 +2,326,066 +108% +$129M
QVMM icon
9
Invesco QQQ Trust Series 1
QVMM
$368M
$244M 3.94% 10,848,386 +106,110 +1% +$2.39M
IJH icon
10
iShares Core S&P Mid-Cap ETF
IJH
$100B
$216M 3.49% 894,162 – –
VGIT icon
11
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$198M 3.2% 3,390,733 – –
XEMD icon
12
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$174M 2.8% 4,403,623 – –
ISVL icon
13
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$138M 2.24% 4,592,859 +67,576 +1% +$2.04M
TLT icon
14
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$123M 1.98% 1,230,585 – –
VGSH icon
15
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$113M 1.82% 1,946,764 +156,400 +9% +$9.04M
EMHC icon
16
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$102M 1.64% 4,361,526 – –
QVMS icon
17
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$96.9M 1.56% 4,438,731 +16,908 +0.4% +$369K
PICK icon
18
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$92.9M 1.5% 2,265,106 -97,064 -4% -$3.98M
FLCA icon
19
Franklin FTSE Canada ETF
FLCA
$461M
$88.1M 1.42% 2,962,196 +315,916 +12% +$9.39M
EBND icon
20
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.06B
$66.3M 1.07% 3,224,783 – –
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$64.2M 1.04% 2,875,514 – –
MBB icon
22
iShares MBS ETF
MBB
$41B
$49.7M 0.8% 535,595 – –
HYG icon
23
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$39.7M 0.64% 539,447 – –
XBB icon
24
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$317M
$38.4M 0.62% 996,434 – –
USHY icon
25
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.3B
$35M 0.56% 1,012,438 – –
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