MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+8.22%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.48B
AUM Growth
+$7.48B
Cap. Flow
-$287M
Cap. Flow %
-3.84%
Top 10 Hldgs %
61.23%
Holding
49
New
–
Increased
6
Reduced
7
Closed
3

Top Buys

1
RING icon
iShares MSCI Global Gold Miners ETF
RING
$12.9M
2
SPTL icon
SPDR Portfolio Long Term Treasury ETF
SPTL
$6.55M
3
PICK icon
iShares MSCI Global Metals & Mining Producers ETF
PICK
$4.84M
4
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$2.79M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
$1.83M

Top Sells

1
IVV icon
iShares Core S&P 500 ETF
IVV
$177M
2
SPHY icon
SPDR Portfolio High Yield Bond ETF
SPHY
$67.1M
3
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
$25.6M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
$20.6M
5
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
$12.3M

Sector Composition

1 Materials 0.54%
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
$1.29B 17.26% 2,704,335 -370,671 -12% -$177M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$891M 11.91% 32,080,028 – –
IEMG icon
3
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$399M 5.33% 7,884,428 -506,435 -6% -$25.6M
TUA icon
4
Simplify Short Term Treasury Futures Strategy ETF
TUA
$641M
$383M 5.12% 16,534,947 – –
SPTS icon
5
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$382M 5.11% 13,165,219 -19 -0% -$552
QVMM icon
6
Invesco QQQ Trust Series 1
QVMM
$368M
$278M 3.71% 10,848,386 – –
IPAC icon
7
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$266M 3.56% 4,476,690 – –
VGSH icon
8
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$251M 3.35% 4,303,210 -211,558 -5% -$12.3M
XONE icon
9
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$224M 3% 4,502,743 – –
QVMS icon
10
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$216M 2.88% 8,595,731 – –
IJH icon
11
iShares Core S&P Mid-Cap ETF
IJH
$100B
$209M 2.79% 752,771 +6,618 +0.9% +$1.83M
SPTL icon
12
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.4B
$206M 2.76% 7,108,855 +225,690 +3% +$6.55M
VGIT icon
13
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$201M 2.69% 3,390,733 – –
EMB icon
14
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$187M 2.51% 2,104,464 +31,327 +2% +$2.79M
VGK icon
15
Vanguard FTSE Europe ETF
VGK
$26.8B
$186M 2.49% 2,890,092 – –
XEMD icon
16
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$184M 2.46% 4,504,991 – –
EMHC icon
17
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$177M 2.36% 7,262,948 – –
SPTI icon
18
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$171M 2.28% 5,977,627 – –
ISVL icon
19
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$156M 2.09% 4,592,859 – –
BBEU icon
20
JPMorgan BetaBuilders Europe ETF
BBEU
$4.17B
$128M 1.72% 2,267,719 – –
PICK icon
21
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$116M 1.55% 2,684,093 +112,359 +4% +$4.84M
MBB icon
22
iShares MBS ETF
MBB
$41B
$102M 1.36% 1,082,379 – –
RING icon
23
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$99.3M 1.33% 4,039,285 +523,168 +15% +$12.9M
EWJV icon
24
iShares MSCI Japan Value ETF
EWJV
$481M
$88.9M 1.19% 3,046,678 – –
FLCA icon
25
Franklin FTSE Canada ETF
FLCA
$461M
$87.3M 1.17% 2,627,161 – –
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