13F HOLDINGS REPORT
Municipal Employees' Retirement System of Michigan
Quarter ended Q4 2025 · Filed February 6, 2026 · Accession 0001588873-26-000002
Total Value
$8.8M
Positions
38
Other Managers
0
Confidential Omitted
No
Holdings (38)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | INVESCO S&P 500 QVM MULTIFA | IVZ | 34,132,010 | $1.4M | 15.51% |
| 2 | SS SPDR P INT TERM TSY ETF | 78464A672 | 37,247,174 | $1.1M | 12.15% |
| 3 | ISHARES CORE S&P 500 ETF | 464287200 | 1,381,225 | $946,056 | 10.70% |
| 4 | VANGUARD FTSE EUROPE ETF | 922042874 | 9,136,296 | $763,886 | 8.64% |
| 5 | SS SPDR P ST TERM TSY ETF | 78468R101 | 25,865,260 | $757,335 | 8.57% |
| 6 | SS SPDR PF LNG TRM TSY EUSD | 78464A664 | 15,397,326 | $407,567 | 4.61% |
| 7 | SCHWAB US TIPS ETF | 808524870 | 15,248,383 | $403,930 | 4.57% |
| 8 | SS SPDR P INT C CORP ETF | 78464A375 | 11,704,768 | $395,738 | 4.48% |
| 9 | INVESCO S&P MIDCAP 400 QVM M | IVZ | 11,882,576 | $365,740 | 4.14% |
| 10 | ISHARES CORE MSCI EMERGING | 46434G103 | 5,227,998 | $351,426 | 3.98% |
| 11 | ISHARES CORE S&P MIDCAP ETF | 464287507 | 4,596,783 | $303,388 | 3.43% |
| 12 | BONDBLOXXBB RATED USD HY CB | 09789C705 | 7,372,511 | $303,338 | 3.43% |
| 13 | BONDBLOXXJPM USD EM MK 110 | 09789C879 | 4,714,975 | $210,194 | 2.38% |
| 14 | INVESCO S&P SMALLCAP 600 QVM | IVZ | 7,114,414 | $200,873 | 2.27% |
| 15 | ISHARES MSCI GLOBAL METALS & | 46434G848 | 2,658,856 | $136,506 | 1.54% |
| 16 | FRANKLIN FTSE CANADA ETF | FGDL | 2,773,743 | $133,972 | 1.52% |
| 17 | SS SPDR P HIGH YIELD ETF | 78468R606 | 5,615,522 | $132,919 | 1.50% |
| 18 | ISHARES FALLEN ANGELS ETF | 46435G474 | 3,657,064 | $99,838 | 1.13% |
| 19 | JPMORGAN BETABUILDERS CANADA | 46641Q225 | 909,454 | $84,579 | 0.96% |
| 20 | ISHARES MSCI GLOBAL GOLD MIN | 46434G855 | 844,062 | $62,157 | 0.70% |
| 21 | BONDBLOXX BBG 1 DUR US TREAS | 09789C861 | 1,178,547 | $58,379 | 0.66% |
| 22 | SS ENERGY SELECT SECTOR | 81369Y506 | 991,274 | $44,320 | 0.50% |
| 23 | BONDBLOXX BBG 5 YR US TREAS | 09789C838 | 704,064 | $34,836 | 0.39% |
| 24 | ISHARES COPPER AND METALS | 46436E189 | 784,271 | $34,751 | 0.39% |
| 25 | BONDBLOXX BBG 2Y US TSY ETF | 09789C853 | 416,558 | $20,607 | 0.23% |
| 26 | BONDBLOXX BBG 3Y US TSY ETF | 09789C846 | 402,313 | $20,020 | 0.23% |
| 27 | BONDBLOXX BBG 7 YR US TREAS | 09789C820 | 403,857 | $19,403 | 0.22% |
| 28 | BONDBLOXX BBG 10Y US TSY ETF | 09789C812 | 403,452 | $18,648 | 0.21% |
| 29 | JPMORGAN BETABUILDERS DEVELO | 46641Q233 | 298,785 | $16,822 | 0.19% |
| 30 | BONDBLOXX BBG 20Y US TSY ETF | 09789C796 | 420,244 | $15,902 | 0.18% |
| 31 | BONDBLOXXB RATED USD HY CB | 09789C804 | 266,860 | $10,534 | 0.12% |
| 32 | ISHARES 05 YEAR TIPS BOND E | 46429B747 | 95,402 | $9,768 | 0.11% |
| 33 | SS SPDR P HIGH YIELD ETF | 78468R606 | 385,334 | $9,121 | 0.10% |
| 34 | VANGUARD SHORTTERM TREASURY | 92206C102 | 133,074 | $7,815 | 0.09% |
| 35 | SS SPDR P ST C CORP ETF | 78464A474 | 228,061 | $6,887 | 0.08% |
| 36 | BONDBLOXXCCCUSD HY CORP BD | 09789C887 | 121,654 | $4,626 | 0.05% |
| 37 | ISHARES CORE S&P SMALLCAP E | 464287804 | 24,129 | $2,900 | 0.03% |
| 38 | SS SPDR P ST TERM TSY ETF | 78468R101 | 14,502 | $425 | 0.00% |