MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
-3.33%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.2B
AUM Growth
+$7.2B
Cap. Flow
+$406M
Cap. Flow %
5.64%
Top 10 Hldgs %
61.68%
Holding
51
New
–
Increased
11
Reduced
11
Closed
2

Top Buys

1
SPTL icon
SPDR Portfolio Long Term Treasury ETF
SPTL
$178M
2
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$166M
3
SPTI icon
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$165M
4
IVV icon
iShares Core S&P 500 ETF
IVV
$101M
5
MBB icon
iShares MBS ETF
MBB
$71.2M

Top Sells

1
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
$101M
2
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$72.5M
3
EWJV icon
iShares MSCI Japan Value ETF
EWJV
$47.1M
4
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
$36.9M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
$35.7M

Sector Composition

1 Materials 0.45%
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
$1.32B 18.35% 3,075,006 +235,198 +8% +$101M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$802M 11.15% 32,080,028 -4,043,973 -11% -$101M
IEMG icon
3
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$399M 5.55% 8,390,863 – –
SPTS icon
4
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$378M 5.26% 13,165,238 +5,763,358 +78% +$166M
TUA icon
5
Simplify Short Term Treasury Futures Strategy ETF
TUA
$641M
$361M 5.02% 16,534,947 +2,238,137 +16% +$48.9M
VGSH icon
6
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$260M 3.61% 4,514,768 +69,516 +2% +$4M
QVMM icon
7
Invesco QQQ Trust Series 1
QVMM
$368M
$250M 3.48% 10,848,386 – –
IPAC icon
8
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$249M 3.46% 4,476,690 -1,303,661 -23% -$72.5M
XONE icon
9
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$224M 3.11% 4,502,743 – –
VGIT icon
10
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$194M 2.69% 3,390,733 – –
QVMS icon
11
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$188M 2.61% 8,595,731 – –
IJH icon
12
iShares Core S&P Mid-Cap ETF
IJH
$100B
$186M 2.59% 746,153 -148,009 -17% -$36.9M
SPTL icon
13
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.4B
$180M 2.5% 6,883,165 +6,825,839 +11,907% +$178M
XEMD icon
14
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$175M 2.43% 4,504,991 – –
EMB icon
15
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$171M 2.38% 2,073,137 -258,848 -11% -$21.4M
VGK icon
16
Vanguard FTSE Europe ETF
VGK
$26.8B
$167M 2.33% 2,890,092 – –
SPTI icon
17
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$165M 2.29% 5,977,627 +5,977,460 +3,579,317% +$165M
EMHC icon
18
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$164M 2.29% 7,262,948 -26,553 -0.4% -$601K
ISVL icon
19
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$141M 1.96% 4,592,859 – –
SPHY icon
20
SPDR Portfolio High Yield Bond ETF
SPHY
$9.12B
$135M 1.88% 6,034,761 -661,667 -10% -$14.8M
BBEU icon
21
JPMorgan BetaBuilders Europe ETF
BBEU
$4.17B
$115M 1.6% 2,267,719 +394,710 +21% +$20.1M
PICK icon
22
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$102M 1.42% 2,571,734 -74,981 -3% -$2.98M
MBB icon
23
iShares MBS ETF
MBB
$41B
$96.1M 1.34% 1,082,379 +801,744 +286% +$71.2M
EWJV icon
24
iShares MSCI Japan Value ETF
EWJV
$481M
$87M 1.21% 3,046,678 -1,648,955 -35% -$47.1M
XHLF icon
25
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.92B
$86.2M 1.2% 1,714,155 – –
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