MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+2.03%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.01B
AUM Growth
+$7.01B
Cap. Flow
+$368M
Cap. Flow %
5.24%
Top 10 Hldgs %
63.62%
Holding
52
New
3
Increased
12
Reduced
6
Closed
1

Top Buys

1
TUA icon
Simplify Short Term Treasury Futures Strategy ETF
TUA
$324M
2
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$163M
3
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
$101M
4
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$52M
5
VGLT icon
Vanguard Long-Term Treasury ETF
VGLT
$33.9M

Top Sells

1
SPTI icon
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$242M
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
$91M
3
XLE icon
Energy Select Sector SPDR Fund
XLE
$7.47M
4
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$6.24M
5
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
$2.21M

Sector Composition

1 Materials 0.33%
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
$1.27B 18.05% 2,839,808 – –
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$938M 13.38% 36,124,001 – –
IEMG icon
3
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$414M 5.9% 8,390,863 +510,516 +6% +$25.2M
IPAC icon
4
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$332M 4.73% 5,780,351 – –
TUA icon
5
Simplify Short Term Treasury Futures Strategy ETF
TUA
$641M
$324M 4.62% +14,296,810 New +$324M
QVMM icon
6
Invesco QQQ Trust Series 1
QVMM
$368M
$261M 3.72% 10,848,386 – –
VGSH icon
7
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$257M 3.66% 4,445,252 +103,464 +2% +$5.97M
IJH icon
8
iShares Core S&P Mid-Cap ETF
IJH
$100B
$234M 3.33% 894,162 – –
XONE icon
9
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$224M 3.19% 4,502,743 +3,280,321 +268% +$163M
SPTS icon
10
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$213M 3.04% 7,401,880 -216,733 -3% -$6.24M
EMB icon
11
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$202M 2.88% 2,331,985 – –
VGIT icon
12
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$199M 2.84% 3,390,733 – –
QVMS icon
13
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$198M 2.82% 8,595,731 – –
XEMD icon
14
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$180M 2.56% 4,504,991 – –
VGK icon
15
Vanguard FTSE Europe ETF
VGK
$26.8B
$178M 2.54% 2,890,092 – –
EMHC icon
16
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$173M 2.47% 7,289,501 +19,228 +0.3% +$457K
SPHY icon
17
SPDR Portfolio High Yield Bond ETF
SPHY
$9.12B
$153M 2.18% 6,696,428 – –
ISVL icon
18
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$145M 2.07% 4,592,859 – –
EWJV icon
19
iShares MSCI Japan Value ETF
EWJV
$481M
$128M 1.83% 4,695,633 – –
PICK icon
20
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$107M 1.53% 2,646,715 +153,390 +6% +$6.21M
BBEU icon
21
JPMorgan BetaBuilders Europe ETF
BBEU
$4.17B
$101M 1.45% +1,873,009 New +$101M
XHLF icon
22
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.92B
$86.1M 1.23% 1,714,155 +1,035,856 +153% +$52M
FLCA icon
23
Franklin FTSE Canada ETF
FLCA
$461M
$83M 1.18% 2,627,161 – –
RING icon
24
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$75.8M 1.08% 3,254,337 +65,648 +2% +$1.53M
BBAX icon
25
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$5.46B
$62.7M 0.89% 1,310,599 – –
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