13F HOLDINGS REPORT

Municipal Employees' Retirement System of Michigan

Quarter ended Q1 2023 · Filed February 10, 2023 · Accession 0001588873-23-000001

Total Value

$6.2M

Positions

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (58)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	INVESCO S P 500 QVM MULTI FA	IVZ	31,064,001	$717,047	11.58%
2	ISHARES CORE S P 500 ETF	464287200	1,842,614	$707,951	11.43%
3	ISHARES CORE MSCI PACIFIC ET	46434V696	12,732,147	$683,334	11.03%
4	ISHARES CORE MSCI EMERGING	46434G103	11,005,033	$513,935	8.30%
5	SPDR PORT INT TREASURY TERM	78464A672	10,499,797	$296,514	4.79%
6	SPDR PORT SHRT TRM TRSRY	78468R101	9,995,766	$288,778	4.66%
7	ISHARES JP MORGAN USD EMERGI	464288281	3,366,467	$284,769	4.60%
8	VANGUARD FTSE EUROPE ETF	922042874	4,484,595	$248,626	4.01%
9	INVESCO S P MIDCAP 400 QVM M	IVZ	10,848,386	$244,197	3.94%
10	ISHARES CORE S P 500 ETF	464287200	629,774	$241,965	3.91%
11	VANGUARD INTERMEDIATE TERM T	92206C706	3,390,733	$198,290	3.20%
12	BONDBLOXX JPM USD EM MK 1 10	09789C879	4,403,623	$173,739	2.80%
13	ISHARES CORE S P MIDCAP ETF	464287507	692,712	$167,560	2.70%
14	ISHARES INTERNATIONAL DEVELO	46436E510	4,592,859	$138,469	2.24%
15	ISHARES 20 YEAR TREASURY BO	464287432	1,230,585	$122,517	1.98%
16	VANGUARD SHORT TERM TREASURY	92206C102	1,946,764	$112,562	1.82%
17	SPDR BLOOMBERG EM USD BOND	78468R515	4,214,816	$98,205	1.59%
18	INVESCO S P SMALLCAP 600 QVM	IVZ	4,438,731	$96,923	1.56%
19	ISHARES MSCI GLOBAL METALS	46434G848	2,265,106	$92,869	1.50%
20	FRANKLIN FTSE CANADA ETF	FGDL	2,962,196	$88,066	1.42%
21	SPDR BLOOMBERG EM BOND	78464A391	3,224,783	$66,302	1.07%
22	ISHARES CORE S P MIDCAP ETF	464287507	201,450	$48,729	0.79%
23	ISHARES MBS ETF	464288588	461,744	$42,827	0.69%
24	ISHARES IBOXX HIGH YLD CORP	464288513	539,447	$39,719	0.64%
25	BONDBLOXX BB RATED USD HY CB	09789C705	996,434	$38,425	0.62%
26	ISHARES BROAD USD HIGH YIELD	46435U853	1,012,438	$34,959	0.56%
27	BONDBLOXX BBG 1 DUR US TREAS	09789C861	700,648	$34,819	0.56%
28	BONDBLOXX BBG 2Y US TSY ETF	09789C853	702,414	$34,678	0.56%
29	ISHARES MSCI GLOBAL GOLD MIN	46434G855	1,533,182	$34,236	0.55%
30	ISHARES MSCI GLOBAL GOLD MIN	46434G855	1,342,332	$29,974	0.48%
31	ENERGY SELECT SECTOR SPDR	81369Y506	330,280	$28,890	0.47%
32	GATOS SILVER INC	368036109	6,205,259	$25,380	0.41%
33	ISHARES CORE S P SMALL CAP E	464287804	257,838	$24,402	0.39%
34	BONDBLOXX BBG 6 MTH US TREAS	09789C788	400,025	$20,025	0.32%
35	BONDBLOXX BBG 3Y US TSY ETF	09789C846	402,313	$19,784	0.32%
36	BONDBLOXX BBG 5 YR US TREAS	09789C838	403,403	$19,686	0.32%
37	BONDBLOXX BBG 7 YR US TREAS	09789C820	403,857	$19,462	0.31%
38	BONDBLOXX BBG 10Y US TSY ETF	09789C812	403,452	$19,218	0.31%
39	BONDBLOXX BBG 20Y US TSY ETF	09789C796	400,560	$18,201	0.29%
40	BONDBLOXX B RATED USD HY CB	09789C804	266,860	$10,111	0.16%
41	VANECK JUNIOR GOLD MINERS	92189F791	280,096	$9,985	0.16%
42	ISHARES MBS ETF	464288588	61,926	$5,744	0.09%
43	SPDR PORT SHRT TRM CORP BND	78464A474	189,378	$5,564	0.09%
44	SPDR PORT SHRT TRM TRSRY	78468R101	191,313	$5,527	0.09%
45	ISHARES 0 5 YEAR TIPS BOND E	46429B747	55,312	$5,363	0.09%
46	SPDR PORT SHRT TRM TRSRY	78468R101	164,839	$4,762	0.08%
47	ISHARES 0 3 MONTH TREASURY B	46436E718	44,355	$4,442	0.07%
48	BONDBLOXX CCC USD HY CORP BD	09789C887	121,654	$4,412	0.07%
49	SPDR PORT SHRT TRM TRSRY	78468R101	148,104	$4,279	0.07%
50	ISHARES 0 5 YEAR TIPS BOND E	46429B747	42,736	$4,144	0.07%
51	SPDR PORT INT CORP BOND ETF	78464A375	121,993	$3,883	0.06%
52	SPDR BLOOMBERG EM USD BOND	78468R515	146,710	$3,418	0.06%
53	SPDR PORT LNG TRM TRSRY	78464A664	83,381	$2,421	0.04%
54	ISHARES 0 5 YEAR TIPS BOND E	46429B747	18,112	$1,756	0.03%
55	ISHARES BB RATED CORP BOND	46435U473	34,491	$1,531	0.02%
56	ISHARES MBS ETF	464288588	11,849	$1,099	0.02%
57	ISHARES MBS ETF	464288588	76	$7	0.00%
58	ISHARES JP MORGAN EM LOCAL C	464286517	28	$1	0.00%