MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.31B
1-Year Est. Return 8.76%
This Quarter Est. Return
1 Year Est. Return
+8.76%
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$7.9B
AUM Growth
+$643M
Cap. Flow
Cap. Flow %
Top 10 Hldgs %
Holding
51
New
Increased
Reduced
Closed

Top Buys

1
+$270M
2
+$210M
3
+$189M
4
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$126M
5
SPHY icon
SPDR Portfolio High Yield Bond ETF
SPHY
+$109M

Top Sells

1
+$158M
2
+$154M
3
+$138M
4
GATO
Gatos Silver, Inc.
GATO
+$86.8M
5
MTBA icon
Simplify MBS ETF
MTBA
+$38.1M

Sector Composition

1 Materials 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QVML icon
1
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.42B
$1.14B 14.48%
34,132,010
+3,758,630
SPTI icon
2
SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$9.26B
$1.02B 12.98%
35,861,653
+9,437,321
IVV icon
3
iShares Core S&P 500 ETF
IVV
$660B
$815M 10.32%
1,450,762
+12,185
SPTS icon
4
SPDR Portfolio Short Term Treasury ETF
SPTS
$5.78B
$641M 8.12%
21,929,077
+126,031
VGK icon
5
Vanguard FTSE Europe ETF
VGK
$27.4B
$452M 5.72%
6,435,286
+2,692,667
SCHP icon
6
Schwab US TIPS ETF
SCHP
$14.4B
$441M 5.58%
16,401,227
+835,548
SPTL icon
7
SPDR Portfolio Long Term Treasury ETF
SPTL
$11.9B
$406M 5.14%
14,880,982
+3,190,578
IPAC icon
8
iShares Core MSCI Pacific ETF
IPAC
$1.9B
$399M 5.05%
6,404,807
QVMM icon
9
Invesco QQQ Trust Series 1
QVMM
$391M
$321M 4.07%
11,882,576
+1,000,000
IEMG icon
10
iShares Core MSCI Emerging Markets ETF
IEMG
$111B
$258M 3.26%
4,773,111
XBB icon
11
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$316M
$252M 3.19%
6,227,640
+5,189,823
IJH icon
12
iShares Core S&P Mid-Cap ETF
IJH
$100B
$213M 2.69%
3,645,909
+1,640,536
XEMD icon
13
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$439M
$198M 2.51%
4,698,046
QVMS icon
14
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$215M
$175M 2.22%
7,114,414
SPHY icon
15
SPDR Portfolio High Yield Bond ETF
SPHY
$9.24B
$139M 1.77%
5,954,325
+4,666,949
BBEU icon
16
JPMorgan BetaBuilders Europe ETF
BBEU
$4.23B
$126M 1.6%
2,042,693
MTBA icon
17
Simplify MBS ETF
MTBA
$1.51B
$119M 1.51%
2,378,493
-760,760
XONE icon
18
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$652M
$119M 1.5%
2,387,980
PICK icon
19
iShares MSCI Global Metals & Mining Producers ETF
PICK
$914M
$109M 1.38%
3,032,992
FLCA icon
20
Franklin FTSE Canada ETF
FLCA
$549M
$103M 1.31%
2,773,743
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$73M 0.92%
1,901,911
AG icon
22
First Majestic Silver
AG
$7.29B
$47.7M 0.6%
+7,123,410
BBAX icon
23
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$5.41B
$44.3M 0.56%
910,009
XFIV icon
24
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$223M
$34.6M 0.44%
704,064
XLE icon
25
Energy Select Sector SPDR Fund
XLE
$25.9B
$24.4M 0.31%
261,557
-130,878
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