MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
This Quarter Return
-3.31%
1 Year Return
+8.76%
3 Year Return
+28.77%
5 Year Return
+35.28%
10 Year Return
–
AUM
$7.26B
AUM Growth
+$7.26B
Cap. Flow
-$67.5M
Cap. Flow %
-0.93%
Top 10 Hldgs %
71.17%
Holding
50
New
1
Increased
8
Reduced
8
Closed
1

Top Buys

1
SCHP icon
Schwab US TIPS ETF
SCHP
$402M
2
XLE icon
Energy Select Sector SPDR Fund
XLE
$6.96M
3
PICK icon
iShares MSCI Global Metals & Mining Producers ETF
PICK
$3.56M
4
SPTS icon
SPDR Portfolio Short Term Treasury ETF
SPTS
$2.65M
5
SPHY icon
SPDR Portfolio High Yield Bond ETF
SPHY
$1.15M

Top Sells

1
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
$205M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
$195M
3
VGLT icon
Vanguard Long-Term Treasury ETF
VGLT
$42.3M
4
SPTL icon
SPDR Portfolio Long Term Treasury ETF
SPTL
$28.1M
5
RING icon
iShares MSCI Global Gold Miners ETF
RING
$9.9M

Sector Composition

1 Materials 1.2%
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
$1.05B 14.46% 30,373,380 – –
IVV icon
2
iShares Core S&P 500 ETF
IVV
$662B
$847M 11.67% 1,438,577 – –
SPTI icon
3
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.04B
$737M 10.15% 26,424,332 – –
SPTS icon
4
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.91B
$633M 8.72% 21,803,046 +91,374 +0.4% +$2.65M
SCHP icon
5
Schwab US TIPS ETF
SCHP
$13.9B
$402M 5.54% +15,565,679 New +$402M
IPAC icon
6
iShares Core MSCI Pacific ETF
IPAC
$1.86B
$391M 5.39% 6,404,807 – –
QVMM icon
7
Invesco QQQ Trust Series 1
QVMM
$368M
$312M 4.3% 10,882,576 – –
SPTL icon
8
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.4B
$306M 4.22% 11,690,404 -1,074,058 -8% -$28.1M
IEMG icon
9
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
$249M 3.44% 4,773,111 – –
VGK icon
10
Vanguard FTSE Europe ETF
VGK
$26.8B
$238M 3.27% 3,742,619 – –
XEMD icon
11
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$433M
$196M 2.7% 4,698,046 – –
QVMS icon
12
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$206M
$192M 2.65% 7,114,414 – –
ISVL icon
13
iShares International Developed Small Cap Value Factor ETF
ISVL
$48.7M
$158M 2.17% 4,592,859 – –
MTBA icon
14
Simplify MBS ETF
MTBA
$1.43B
$156M 2.15% 3,139,253 – –
EMHC icon
15
SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$215M
$154M 2.12% 6,460,066 -19,222 -0.3% -$457K
EMB icon
16
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
$138M 1.9% 1,547,548 – –
IJH icon
17
iShares Core S&P Mid-Cap ETF
IJH
$100B
$125M 1.72% 2,005,373 +1 +0% +$62
XONE icon
18
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$653M
$118M 1.63% 2,387,980 – –
BBEU icon
19
JPMorgan BetaBuilders Europe ETF
BBEU
$4.17B
$113M 1.56% 2,042,693 – –
PICK icon
20
iShares MSCI Global Metals & Mining Producers ETF
PICK
$820M
$106M 1.46% 3,032,992 +101,807 +3% +$3.56M
FLCA icon
21
Franklin FTSE Canada ETF
FLCA
$461M
$102M 1.4% 2,773,743 – –
GATO
22
DELISTED
Gatos Silver, Inc.
GATO
$86.8M 1.2% 6,205,259 – –
RING icon
23
iShares MSCI Global Gold Miners ETF
RING
$1.91B
$53.5M 0.74% 1,901,911 -352,062 -16% -$9.9M
BBAX icon
24
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$5.46B
$44.4M 0.61% 910,009 – –
XBB icon
25
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$317M
$41.5M 0.57% 1,037,817 – –
1
2