13F HOLDINGS REPORT

Municipal Employees' Retirement System of Michigan

Quarter ended Q1 2025 · Filed May 7, 2025 · Accession 0001588873-25-000003

Total Value

$7.9M

Positions

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (55)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	INVESCO SP 500 QVM MULTIFA	IVZ	34,132,010	$1.1M	14.48%
2	SPDR PORT INT TREASURY TERM	78464A672	35,861,653	$1.0M	12.98%
3	ISHARES CORE SP 500 ETF	464287200	1,450,762	$815,183	10.32%
4	SPDR PORT SHRT TRM TRSRY	78468R101	21,697,170	$634,425	8.03%
5	VANGUARD FTSE EUROPE ETF	922042874	6,435,286	$451,821	5.72%
6	SCHWAB US TIPS ETF	808524870	16,401,227	$441,029	5.58%
7	ISHARES CORE MSCI PACIFIC ET	46434V696	6,404,807	$398,635	5.05%
8	SPDR PORT LNG TRM TRSRY	78464A664	12,422,243	$338,630	4.29%
9	INVESCO SP MIDCAP 400 QVM M	IVZ	11,882,576	$321,339	4.07%
10	ISHARES CORE MSCI EMERGING	46434G103	4,773,111	$257,605	3.26%
11	BONDBLOXXBB RATED USD HY CB	09789C705	6,227,640	$251,783	3.19%
12	ISHARES CORE SP MIDCAP ETF	464287507	3,645,909	$212,739	2.69%
13	BONDBLOXXJPM USD EM MK 110	09789C879	4,698,046	$198,055	2.51%
14	INVESCO SP SMALLCAP 600 QVM	IVZ	7,114,414	$175,164	2.22%
15	SPDR PORTFOLIO HIGH YIELD BO	78468R606	5,615,522	$131,516	1.67%
16	JPMORGAN BETABUILDERS EUROPE	46641Q191	2,042,693	$126,300	1.60%
17	SIMPLIFY MBS ETF	82889N525	2,378,493	$119,258	1.51%
18	BONDBLOXX BBG 1 DUR US TREAS	09789C861	2,387,980	$118,730	1.50%
19	ISHARES MSCI GLOBAL METALS	46434G848	3,032,992	$108,824	1.38%
20	FRANKLIN FTSE CANADA ETF	FGDL	2,773,743	$103,222	1.31%
21	ISHARES MSCI GLOBAL GOLD MIN	46434G855	1,901,911	$72,957	0.92%
22	SPDR PORT LNG TRM TRSRY	78464A664	2,251,407	$61,373	0.78%
23	FIRST MAJESTIC SILVER CORP	AG	7,123,410	$47,656	0.60%
24	JPMORGAN BETABUILDERS DEVELO	46641Q233	910,009	$44,272	0.56%
25	BONDBLOXX BBG 5 YR US TREAS	09789C838	704,064	$34,555	0.44%
26	ENERGY SELECT SECTOR SPDR	81369Y506	261,557	$24,443	0.31%
27	BONDBLOXX BBG 6 MTH US TREAS	09789C788	448,334	$22,576	0.29%
28	BONDBLOXX BBG 2Y US TSY ETF	09789C853	416,558	$20,608	0.26%
29	BONDBLOXX BBG 3Y US TSY ETF	09789C846	402,313	$19,927	0.25%
30	BONDBLOXX BBG 7 YR US TREAS	09789C820	403,857	$19,284	0.24%
31	BONDBLOXX BBG 10Y US TSY ETF	09789C812	403,452	$18,789	0.24%
32	BONDBLOXX BBG 20Y US TSY ETF	09789C796	420,244	$16,856	0.21%
33	ISHARES COPPER AND METALS	46436E189	556,999	$14,426	0.18%
34	SPDR PORTFOLIO SP 500 ETF	78464A854	188,205	$12,376	0.16%
35	BONDBLOXXB RATED USD HY CB	09789C804	266,860	$10,426	0.13%
36	SPDR PORTFOLIO DEVELOPED WOR	78463X889	276,169	$10,055	0.13%
37	ISHARES 05 YEAR TIPS BOND E	46429B747	95,402	$9,871	0.12%
38	SPDR PORTFOLIO HIGH YIELD BO	78468R606	338,803	$7,935	0.10%
39	VANGUARD SHORTTERM TREASURY	92206C102	133,074	$7,810	0.10%
40	SPDR PORT SHRT TRM CORP BND	78464A474	228,061	$6,865	0.09%
41	SPDR PORT SHRT TRM TRSRY	78468R101	217,405	$6,357	0.08%
42	ISHARES MBS ETF	464288588	67,475	$6,328	0.08%
43	SPDR PORT LNG TRM TRSRY	78464A664	207,332	$5,652	0.07%
44	SPDR PORT INT CORP BOND ETF	78464A375	164,166	$5,457	0.07%
45	BONDBLOXXCCCUSD HY CORP BD	09789C887	121,654	$4,603	0.06%
46	SPDR PORTFOLIO EMERGING MARK	78463X509	107,144	$4,218	0.05%
47	ISHARES CORE SP SMALLCAP E	464287804	20,736	$2,168	0.03%
48	ISHARES 05 YEAR TIPS BOND E	46429B747	20,614	$2,133	0.03%
49	ISHARES BB RATED CORP BOND	46435U473	38,566	$1,782	0.02%
50	SPDR PORTFOLIO SP 400 MID C	78464A847	26,947	$1,379	0.02%
51	SPDR PORTFOLIO SP 600 SMALL	78468R853	16,642	$678	0.01%
52	VANGUARD SHORTTERM TREASURY	92206C102	9,132	$536	0.01%
53	ISHARES 05 YEAR TIPS BOND E	46429B747	5,184	$536	0.01%
54	SPDR PORT SHRT TRM TRSRY	78468R101	14,502	$424	0.01%
55	ISHARES MBS ETF	464288588	76	$7	0.00%