MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+4.69%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$6.49B
AUM Growth
+$6.49B
Cap. Flow
+$3.42M
Cap. Flow %
0.05%
Top 10 Hldgs %
63.92%
Holding
51
New
5
Increased
17
Reduced
13
Closed
2

Top Buys

1
SPHY icon
SPDR Portfolio High Yield Bond ETF
SPHY
$154M
2
IVV icon
iShares Core S&P 500 ETF
IVV
$151M
3
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
$140M
4
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
$123M
5
EWJV icon
iShares MSCI Japan Value ETF
EWJV
$121M

Top Sells

1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$393M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
$152M
3
VGK icon
Vanguard FTSE Europe ETF
VGK
$97.2M
4
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$89.3M
5
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$84.2M

Sector Composition

1 Materials 0.62%
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
$1.17B 18% 2,839,808 +367,420 +15% +$151M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$879M 13.55% 36,124,001 +5,060,000 +16% +$123M
IEMG icon
3
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$384M 5.93% 7,880,347 -3,124,686 -28% -$152M
IPAC icon
4
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$327M 5.04% 5,780,351 -6,951,796 -55% -$393M
VGSH icon
5
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$254M 3.92% 4,341,788 +2,395,024 +123% +$140M
QVMM icon
6
Invesco QQQ Trust Series 1
QVMM
$368M
$251M 3.87% 10,848,386 – –
SPTI icon
7
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$234M 3.61% 8,082,671 -2,417,126 -23% -$70M
IJH icon
8
iShares Core S&P Mid-Cap ETF
IJH
$100B
$224M 3.45% 894,162 – –
SPTS icon
9
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$223M 3.43% 7,618,613 -2,881,409 -27% -$84.2M
VGIT icon
10
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$203M 3.13% 3,390,733 – –
EMB icon
11
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$201M 3.1% 2,331,985 -1,034,482 -31% -$89.3M
QVMS icon
12
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$191M 2.95% 8,595,731 +4,157,000 +94% +$92.6M
XEMD icon
13
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$179M 2.76% 4,504,991 +101,368 +2% +$4.03M
VGK icon
14
Vanguard FTSE Europe ETF
VGK
$26.8B
$176M 2.72% 2,890,092 -1,594,503 -36% -$97.2M
EMHC icon
15
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$173M 2.67% 7,270,273 +2,908,747 +67% +$69.3M
SPHY icon
16
SPDR Portfolio High Yield Bond ETF
SPHY
$9.12B
$154M 2.37% +6,696,428 New +$154M
ISVL icon
17
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$146M 2.25% 4,592,859 – –
EWJV icon
18
iShares MSCI Japan Value ETF
EWJV
$481M
$121M 1.86% +4,695,633 New +$121M
TLT icon
19
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$119M 1.83% 1,116,636 -113,949 -9% -$12.1M
PICK icon
20
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$107M 1.64% 2,493,325 +228,219 +10% +$9.75M
FLCA icon
21
Franklin FTSE Canada ETF
FLCA
$461M
$80.8M 1.25% 2,627,161 -335,035 -11% -$10.3M
RING icon
22
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$80.3M 1.24% 3,188,689 +313,175 +11% +$7.88M
BBAX icon
23
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$5.46B
$64.4M 0.99% +1,310,599 New +$64.4M
XONE icon
24
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$61.2M 0.94% 1,222,422 +521,774 +74% +$26.1M
XTWO icon
25
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$138M
$57.1M 0.88% 1,144,713 +442,299 +63% +$22.1M
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