13F HOLDINGS REPORT
Municipal Employees' Retirement System of Michigan
Quarter ended Q2 2025 · Filed August 4, 2025 · Accession 0001588873-25-000004
Total Value
$8.3M
Positions
54
Other Managers
0
Confidential Omitted
No
Holdings (54)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | INVESCO SP 500 QVM MULTIFA | IVZ | 34,132,010 | $1.2M | 15.04% |
| 2 | SPDR PORT INT TREASURY TERM | 78464A672 | 35,861,653 | $1.0M | 12.42% |
| 3 | ISHARES CORE SP 500 ETF | 464287200 | 1,481,662 | $919,964 | 11.07% |
| 4 | VANGUARD FTSE EUROPE ETF | 922042874 | 8,835,451 | $684,747 | 8.24% |
| 5 | SPDR PORT SHRT TRM TRSRY | 78468R101 | 21,697,170 | $635,510 | 7.65% |
| 6 | SCHWAB US TIPS ETF | 808524870 | 16,401,227 | $437,585 | 5.27% |
| 7 | SPDR PORT INT CORP BOND ETF | 78464A375 | 12,798,471 | $429,773 | 5.17% |
| 8 | INVESCO SP MIDCAP 400 QVM M | IVZ | 11,882,576 | $341,529 | 4.11% |
| 9 | SPDR PORT LNG TRM TRSRY | 78464A664 | 12,422,243 | $330,183 | 3.97% |
| 10 | ISHARES CORE MSCI EMERGING | 46434G103 | 4,773,111 | $286,530 | 3.45% |
| 11 | ISHARES CORE SP MIDCAP ETF | 464287507 | 4,555,207 | $282,514 | 3.40% |
| 12 | BONDBLOXXBB RATED USD HY CB | 09789C705 | 6,227,640 | $256,498 | 3.09% |
| 13 | BONDBLOXXJPM USD EM MK 110 | 09789C879 | 4,698,046 | $203,050 | 2.44% |
| 14 | INVESCO SP SMALLCAP 600 QVM | IVZ | 7,114,414 | $182,983 | 2.20% |
| 15 | SPDR PORTFOLIO HIGH YIELD BO | 78468R606 | 5,615,522 | $133,649 | 1.61% |
| 16 | FRANKLIN FTSE CANADA ETF | FGDL | 2,773,743 | $115,804 | 1.39% |
| 17 | ISHARES MSCI GLOBAL METALS | 46434G848 | 3,032,992 | $114,040 | 1.37% |
| 18 | ISHARES FALLEN ANGELS ETF | 46435G474 | 3,476,559 | $94,354 | 1.14% |
| 19 | JPMORGAN BETABUILDERS CANADA | 46641Q225 | 940,556 | $75,903 | 0.91% |
| 20 | ISHARES MSCI GLOBAL GOLD MIN | 46434G855 | 1,372,210 | $60,075 | 0.72% |
| 21 | BONDBLOXX BBG 1 DUR US TREAS | 09789C861 | 1,178,547 | $58,491 | 0.70% |
| 22 | FIRST MAJESTIC SILVER CORP | AG | 6,151,289 | $50,871 | 0.61% |
| 23 | BONDBLOXX BBG 5 YR US TREAS | 09789C838 | 704,064 | $34,746 | 0.42% |
| 24 | ENERGY SELECT SECTOR SPDR | 81369Y506 | 360,126 | $30,542 | 0.37% |
| 25 | ISHARES COPPER AND METALS | 46436E189 | 784,271 | $23,450 | 0.28% |
| 26 | BONDBLOXX BBG 6 MTH US TREAS | 09789C788 | 448,334 | $22,569 | 0.27% |
| 27 | BONDBLOXX BBG 2Y US TSY ETF | 09789C853 | 416,558 | $20,638 | 0.25% |
| 28 | BONDBLOXX BBG 3Y US TSY ETF | 09789C846 | 402,313 | $20,027 | 0.24% |
| 29 | BONDBLOXX BBG 7 YR US TREAS | 09789C820 | 403,857 | $19,337 | 0.23% |
| 30 | BONDBLOXX BBG 10Y US TSY ETF | 09789C812 | 403,452 | $18,623 | 0.22% |
| 31 | JPMORGAN BETABUILDERS DEVELO | 46641Q233 | 298,785 | $16,284 | 0.20% |
| 32 | BONDBLOXX BBG 20Y US TSY ETF | 09789C796 | 420,244 | $16,211 | 0.20% |
| 33 | SPDR PORTFOLIO SP 500 ETF | 78464A854 | 188,205 | $13,681 | 0.16% |
| 34 | SPDR PORTFOLIO DEVELOPED WOR | 78463X889 | 276,169 | $11,182 | 0.13% |
| 35 | BONDBLOXXB RATED USD HY CB | 09789C804 | 266,860 | $10,608 | 0.13% |
| 36 | ISHARES 05 YEAR TIPS BOND E | 46429B747 | 95,402 | $9,818 | 0.12% |
| 37 | SPDR PORTFOLIO HIGH YIELD BO | 78468R606 | 338,803 | $8,064 | 0.10% |
| 38 | VANGUARD SHORTTERM TREASURY | 92206C102 | 133,074 | $7,822 | 0.09% |
| 39 | SPDR PORT SHRT TRM CORP BND | 78464A474 | 228,061 | $6,885 | 0.08% |
| 40 | SPDR PORT SHRT TRM TRSRY | 78468R101 | 231,066 | $6,768 | 0.08% |
| 41 | ISHARES MBS ETF | 464288588 | 67,475 | $6,335 | 0.08% |
| 42 | SPDR PORT INT CORP BOND ETF | 78464A375 | 169,625 | $5,696 | 0.07% |
| 43 | SPDR PORT LNG TRM TRSRY | 78464A664 | 207,332 | $5,511 | 0.07% |
| 44 | BONDBLOXXCCCUSD HY CORP BD | 09789C887 | 121,654 | $4,723 | 0.06% |
| 45 | SPDR PORTFOLIO EMERGING MARK | 78463X509 | 107,144 | $4,579 | 0.06% |
| 46 | ISHARES CORE SP SMALLCAP E | 464287804 | 24,129 | $2,637 | 0.03% |
| 47 | ISHARES 05 YEAR TIPS BOND E | 46429B747 | 20,614 | $2,121 | 0.03% |
| 48 | ISHARES BB RATED CORP BOND | 46435U473 | 38,566 | $1,813 | 0.02% |
| 49 | SPDR PORTFOLIO SP 400 MID C | 78464A847 | 26,947 | $1,465 | 0.02% |
| 50 | SPDR PORTFOLIO SP 600 SMALL | 78468R853 | 16,642 | $709 | 0.01% |
| 51 | VANGUARD SHORTTERM TREASURY | 92206C102 | 9,132 | $537 | 0.01% |
| 52 | ISHARES 05 YEAR TIPS BOND E | 46429B747 | 5,184 | $533 | 0.01% |
| 53 | SPDR PORT SHRT TRM TRSRY | 78468R101 | 14,502 | $425 | 0.01% |
| 54 | ISHARES MBS ETF | 464288588 | 76 | $7 | 0.00% |