MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
+5.85%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.58B
AUM Growth
+$7.58B
Cap. Flow
-$43.6M
Cap. Flow %
-0.57%
Top 10 Hldgs %
67.66%
Holding
49
New
–
Increased
20
Reduced
9
Closed
–

Top Buys

1
MTBA icon
Simplify MBS ETF
MTBA
$99.9M
2
XEMD icon
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$5.36M
3
XLE icon
Energy Select Sector SPDR Fund
XLE
$3.4M
4
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
$2.88M
5
XBB icon
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$1.23M

Top Sells

1
RING icon
iShares MSCI Global Gold Miners ETF
RING
$56.2M
2
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
$40.8M
3
EMHC icon
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$39.9M
4
IVV icon
iShares Core S&P 500 ETF
IVV
$20.1M
5
SPHY icon
SPDR Portfolio High Yield Bond ETF
SPHY
$5.71M

Sector Composition

1 Materials 1.23%
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
$1.03B 13.59% 30,373,380 +84,824 +0.3% +$2.88M
IVV icon
2
iShares Core S&P 500 ETF
IVV
$662B
$830M 10.94% 1,438,577 -34,831 -2% -$20.1M
SPTI icon
3
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$768M 10.12% 26,424,332 – –
SPTS icon
4
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$639M 8.42% 21,711,672 +14,502 +0.1% +$427K
IPAC icon
5
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$426M 5.62% 6,404,807 – –
SPTL icon
6
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.4B
$371M 4.89% 12,764,462 – –
QVMM icon
7
Invesco QQQ Trust Series 1
QVMM
$368M
$315M 4.15% 10,882,576 +34,190 +0.3% +$988K
IEMG icon
8
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$274M 3.61% 4,773,111 – –
VGK icon
9
Vanguard FTSE Europe ETF
VGK
$26.8B
$266M 3.51% 3,742,619 – –
VGSH icon
10
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$213M 2.8% 3,601,177 +11,144 +0.3% +$658K
VGIT icon
11
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$205M 2.7% 3,390,733 – –
XEMD icon
12
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$201M 2.65% 4,698,046 +124,969 +3% +$5.36M
QVMS icon
13
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$194M 2.56% 7,114,414 +21,674 +0.3% +$592K
ISVL icon
14
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$174M 2.3% 4,592,859 – –
EMHC icon
15
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$163M 2.14% 6,479,288 -1,590,498 -20% -$39.9M
MTBA icon
16
Simplify MBS ETF
MTBA
$1.43B
$162M 2.13% 3,139,253 +1,940,538 +162% +$99.9M
EMB icon
17
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$145M 1.91% 1,547,548 – –
BBEU icon
18
JPMorgan BetaBuilders Europe ETF
BBEU
$4.17B
$127M 1.68% 2,042,693 -655,056 -24% -$40.8M
PICK icon
19
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$127M 1.67% 2,931,185 +13,712 +0.5% +$592K
IJH icon
20
iShares Core S&P Mid-Cap ETF
IJH
$100B
$125M 1.65% 2,005,372 +2 +0% +$125
XONE icon
21
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$119M 1.57% 2,387,980 – –
FLCA icon
22
Franklin FTSE Canada ETF
FLCA
$461M
$104M 1.38% 2,773,743 +29,890 +1% +$1.13M
GATO
23
DELISTED
Gatos Silver, Inc.
GATO
$93.6M 1.23% 6,205,259 – –
RING icon
24
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$74.4M 0.98% 2,253,973 -1,701,410 -43% -$56.2M
VGLT icon
25
Vanguard Long-Term Treasury ETF
VGLT
$9.84B
$50.9M 0.67% 827,671 -6,188 -0.7% -$381K
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