MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+0.47%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.21B
AUM Growth
+$7.21B
Cap. Flow
-$591M
Cap. Flow %
-8.2%
Top 10 Hldgs %
67.97%
Holding
51
New
6
Increased
11
Reduced
12
Closed
2

Top Buys

1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
$105M
2
MTBA icon
Simplify MBS ETF
MTBA
$60.4M
3
VGK icon
Vanguard FTSE Europe ETF
VGK
$56.9M
4
SPTL icon
SPDR Portfolio Long Term Treasury ETF
SPTL
$31.1M
5
SPLG icon
SPDR Portfolio S&P 500 ETF
SPLG
$12.1M

Top Sells

1
IVV icon
iShares Core S&P 500 ETF
IVV
$247M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
$169M
3
EWJV icon
iShares MSCI Japan Value ETF
EWJV
$101M
4
MBB icon
iShares MBS ETF
MBB
$91M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
$55.1M

Sector Composition

1 Materials 0.9%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
QVML icon
1
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.38B
$981M 13.6% 30,288,556 – –
IVV icon
2
iShares Core S&P 500 ETF
IVV
$662B
$806M 11.18% 1,473,408 -451,456 -23% -$247M
SPTI icon
3
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$740M 10.27% 26,424,332 – –
SPTS icon
4
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$626M 8.69% 21,697,170 – –
IPAC icon
5
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$392M 5.44% 6,404,807 +1,721,117 +37% +$105M
SPTL icon
6
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.4B
$347M 4.82% 12,764,462 +1,141,987 +10% +$31.1M
QVMM icon
7
Invesco QQQ Trust Series 1
QVMM
$368M
$294M 4.07% 10,848,386 – –
IEMG icon
8
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$256M 3.54% 4,773,111 -3,151,704 -40% -$169M
VGK icon
9
Vanguard FTSE Europe ETF
VGK
$26.8B
$250M 3.47% 3,742,619 +852,527 +29% +$56.9M
VGSH icon
10
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$208M 2.89% 3,590,033 -749,172 -17% -$43.4M
VGIT icon
11
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$197M 2.74% 3,390,733 – –
EMHC icon
12
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$192M 2.66% 8,069,786 -2,106,883 -21% -$50.1M
XEMD icon
13
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$188M 2.61% 4,573,077 +68,086 +2% +$2.8M
QVMS icon
14
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$176M 2.45% 7,092,740 -1,502,991 -17% -$37.4M
ISVL icon
15
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$160M 2.23% 4,592,859 – –
BBEU icon
16
JPMorgan BetaBuilders Europe ETF
BBEU
$4.17B
$159M 2.2% 2,697,749 – –
EMB icon
17
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$137M 1.9% 1,547,548 -556,916 -26% -$49.3M
PICK icon
18
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$119M 1.65% 2,917,473 +293,978 +11% +$12M
XONE icon
19
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$118M 1.64% 2,387,980 – –
IJH icon
20
iShares Core S&P Mid-Cap ETF
IJH
$100B
$117M 1.63% 2,005,370 -941,196 -32% -$55.1M
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$109M 1.51% 3,955,383 +83,047 +2% +$2.29M
FLCA icon
22
Franklin FTSE Canada ETF
FLCA
$461M
$91.9M 1.27% 2,743,853 -247,164 -8% -$8.28M
GATO
23
DELISTED
Gatos Silver, Inc.
GATO
$64.8M 0.9% 6,205,259 – –
MTBA icon
24
Simplify MBS ETF
MTBA
$1.43B
$60.4M 0.84% +1,198,715 New +$60.4M
VGLT icon
25
Vanguard Long-Term Treasury ETF
VGLT
$9.84B
$48.1M 0.67% 833,859 +11,240 +1% +$648K
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