13F HOLDINGS REPORT
Municipal Employees' Retirement System of Michigan
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001588873-25-000007
Total Value
$8.6M
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 | $1.3M | 15.52% |
| 2 | SS SPDR P INT TERM TSY ETF | 78464A672 | 35,861,653 | $1.0M | 12.00% |
| 3 | ISHARES CORE SP 500 ETF | 464287200 | 1,481,662 | $991,676 | 11.48% |
| 4 | VANGUARD FTSE EUROPE ETF | 922042874 | 8,835,451 | $705,069 | 8.16% |
| 5 | SS SPDR P ST TERM TSY ETF | 78468R101 | 21,697,170 | $636,161 | 7.37% |
| 6 | SCHWAB US TIPS ETF | 808524870 | 16,401,227 | $442,013 | 5.12% |
| 7 | SS SPDR P INT C CORP ETF | 78464A375 | 12,798,471 | $433,740 | 5.02% |
| 8 | INVESCO SP MIDCAP 400 QVM M | IVZ | 11,882,576 | $360,199 | 4.17% |
| 9 | SS SPDR PF LNG TRM TSY EUSD | 78464A664 | 12,422,243 | $334,779 | 3.88% |
| 10 | ISHARES CORE MSCI EMERGING | 46434G103 | 4,773,111 | $314,643 | 3.64% |
| 11 | ISHARES CORE SP MIDCAP ETF | 464287507 | 4,555,207 | $297,273 | 3.44% |
| 12 | BONDBLOXXBB RATED USD HY CB | 09789C705 | 6,227,640 | $257,482 | 2.98% |
| 13 | BONDBLOXXJPM USD EM MK 110 | 09789C879 | 4,698,046 | $205,399 | 2.38% |
| 14 | INVESCO SP SMALLCAP 600 QVM | IVZ | 7,114,414 | $199,021 | 2.30% |
| 15 | ISHARES MSCI GLOBAL METALS | 46434G848 | 3,032,992 | $134,968 | 1.56% |
| 16 | SS SPDR P HIGH YIELD ETF | 78468R606 | 5,615,522 | $134,436 | 1.56% |
| 17 | FRANKLIN FTSE CANADA ETF | FGDL | 2,773,743 | $125,935 | 1.46% |
| 18 | ISHARES FALLEN ANGELS ETF | 46435G474 | 3,476,559 | $96,579 | 1.12% |
| 19 | ISHARES MSCI GLOBAL GOLD MIN | 46434G855 | 1,372,210 | $88,796 | 1.03% |
| 20 | JPMORGAN BETABUILDERS CANADA | 46641Q225 | 940,556 | $82,045 | 0.95% |
| 21 | BONDBLOXX BBG 1 DUR US TREAS | 09789C861 | 1,178,547 | $58,527 | 0.68% |
| 22 | BONDBLOXX BBG 5 YR US TREAS | 09789C838 | 704,064 | $34,872 | 0.40% |
| 23 | ENERGY SELECT SECTOR SPDR | 81369Y506 | 360,126 | $32,174 | 0.37% |
| 24 | ISHARES COPPER AND METALS | 46436E189 | 784,271 | $29,506 | 0.34% |
| 25 | BONDBLOXX BBG 6 MTH US TREAS | 09789C788 | 448,334 | $22,605 | 0.26% |
| 26 | BONDBLOXX BBG 2Y US TSY ETF | 09789C853 | 416,558 | $20,646 | 0.24% |
| 27 | BONDBLOXX BBG 3Y US TSY ETF | 09789C846 | 402,313 | $20,051 | 0.23% |
| 28 | BONDBLOXX BBG 7 YR US TREAS | 09789C820 | 403,857 | $19,461 | 0.23% |
| 29 | BONDBLOXX BBG 10Y US TSY ETF | 09789C812 | 403,452 | $18,813 | 0.22% |
| 30 | JPMORGAN BETABUILDERS DEVELO | 46641Q233 | 298,785 | $16,834 | 0.19% |
| 31 | BONDBLOXX BBG 20Y US TSY ETF | 09789C796 | 420,244 | $16,411 | 0.19% |
| 32 | STATE STREET SPDR PORTFOLIO | 78464A854 | 188,205 | $14,744 | 0.17% |
| 33 | FIRST MAJESTIC SILVER CORP | AG | 1,126,289 | $13,842 | 0.16% |
| 34 | SPDR PORTFOLIO DEVELOPED WOR | 78463X889 | 276,169 | $11,817 | 0.14% |
| 35 | BONDBLOXXB RATED USD HY CB | 09789C804 | 266,860 | $10,625 | 0.12% |
| 36 | ISHARES 05 YEAR TIPS BOND E | 46429B747 | 95,402 | $9,861 | 0.11% |
| 37 | SS SPDR P HIGH YIELD ETF | 78468R606 | 338,803 | $8,111 | 0.09% |
| 38 | VANGUARD SHORTTERM TREASURY | 92206C102 | 133,074 | $7,831 | 0.09% |
| 39 | SS SPDR P ST C CORP ETF | 78464A474 | 228,061 | $6,908 | 0.08% |
| 40 | SS SPDR P ST TERM TSY ETF | 78468R101 | 231,066 | $6,775 | 0.08% |
| 41 | ISHARES MBS ETF | 464288588 | 67,475 | $6,420 | 0.07% |
| 42 | SS SPDR P INT C CORP ETF | 78464A375 | 169,625 | $5,749 | 0.07% |
| 43 | SS SPDR PF LNG TRM TSY EUSD | 78464A664 | 207,332 | $5,588 | 0.06% |
| 44 | SPDR PORTFOLIO EMERGING MARK | 78463X509 | 107,144 | $5,015 | 0.06% |
| 45 | BONDBLOXXCCCUSD HY CORP BD | 09789C887 | 121,654 | $4,775 | 0.06% |
| 46 | ISHARES CORE SP SMALLCAP E | 464287804 | 24,129 | $2,867 | 0.03% |
| 47 | ISHARES 05 YEAR TIPS BOND E | 46429B747 | 20,614 | $2,131 | 0.02% |
| 48 | ISHARES BB RATED CORP BOND | 46435U473 | 38,566 | $1,825 | 0.02% |
| 49 | SS SPDR P SP 400 MIDCAP ETF | 78464A847 | 26,947 | $1,541 | 0.02% |
| 50 | SS SPDR P SP 600 SMALL CAP | 78468R853 | 16,642 | $771 | 0.01% |
| 51 | VANGUARD SHORTTERM TREASURY | 92206C102 | 9,132 | $537 | 0.01% |
| 52 | ISHARES 05 YEAR TIPS BOND E | 46429B747 | 5,184 | $536 | 0.01% |
| 53 | SS SPDR P ST TERM TSY ETF | 78468R101 | 14,502 | $425 | 0.00% |
| 54 | ISHARES MBS ETF | 464288588 | 76 | $7 | 0.00% |